A more thorough explanation:

OCC

OCC stands for Office of the Comptroller of the Currency. It is a federal agency in the United States that regulates and supervises national banks and federal savings associations.

One example of the OCC's responsibilities is ensuring that banks are operating in a safe and sound manner. This includes monitoring their financial health and risk management practices.

Another example is enforcing laws and regulations related to banking, such as the Bank Secrecy Act which requires banks to report suspicious activity to the government.

The OCC is an important agency that helps ensure the stability and safety of the banking system in the United States. By regulating and supervising national banks and federal savings associations, the OCC helps to protect consumers and maintain confidence in the financial system. The examples illustrate some of the specific responsibilities of the OCC, such as monitoring banks' financial health and enforcing laws related to banking.