The OCC charters, regulates, and supervises national banks and federal savings associations and licenses, regulates, and supervises federal branches and agencies of foreign banking organizations (collectively the “federal banking system”).

As of September 30, 2022, the federal banking system comprised 1,035 banks operating in the United States. These banks range from small community banks to the largest, most globally active US banks. Of these banks, 775 have less than $1 billion in assets, while 55 have more than $10 billion. In total, the banks within the federal banking system, excluding federal branches and agencies of foreign banks, hold $15.2 trillion of all assets of US commercial banks (64 percent of the total assets held by all US commercial banks).

In addition, the OCC examines services performed on behalf of banks by certain third-party service providers under the authorities conferred by the Bank Service Company Act and Home Owners’ Loan Act.

Examination of service providers is conducted in coordination with the Board of Governors of the Federal Reserve System (Federal Reserve Board) and the Federal Deposit Insurance Corporation (FDIC).

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