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Minutes of the First Shareholders' Meeting Office of the Comptroller Occ Form

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(energetic music) - [Narrator] President Abraham Lincoln and his Treasury Secretary Salmon Chase conceived of the national banking system to promote opportunity, a dynamic economy, and a stronger Union. In February 1863, Lincoln signed The National Currency Act into law, establishing the Office of the Comptroller of the Currency, charged with the responsibility for organizing and administering the new system of nationally chartered banks. Today, the OCC ensures that national banks and federal savings associations operate in a safe and sound manner, provide fair access to financial services, treat customers fairly, and comply with applicable laws and regulations. The OCC supervises institutions that combined hold more than $12 trillion in assets, fosters a regulatory environment in which banks can meet the needs of their customers and achieve their business goals while safely managing the risk their operations inherently face. This promotes a vibrant and diverse banking system that bene

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