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New Comptroller of the Currency Assumes Office

An old hand from the banking regulatory community took office Monday as the nation's newest comptroller of the currency.

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The Senate confirmed ""Thomas Curry"":http://www.occ.gov/about/who-we-are/comptroller-of-the-currency/bio-thomas-curry.html to helm the Office of the ""Comptroller of the Currency"":http://www.occ.gov/ (OCC) in March.

""I want to express my sincere appreciation to President Obama, Secretary Geithner, and the United States Senate for their

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confidence in my abilities to serve as Comptroller of the Currency,"" Curry said in a statement.

He added that ""[i]ts mission of ensuring the safety and soundness of America's national banks and federal savings associations has never been more important or more challenging.""

President ""Barack Obama"":http://www.whitehouse.gov/administration/president-obama first nominated Curry, an ""FDIC"":http://www.fdic.gov/ director, last year. He then served as chairman of the agency's assessment appeals and case review committees.

His record of service includes stints as first deputy commissioner and assistant general counsel in the Massachusetts banks division, positions he assumed after taking up the role of attorney at the secretary of state's office.

Before arriving at the OCC, Curry filled the role of chairman of the Conference of State Bank Supervisors in the early 2000s, taking up terms on the state liaison committee ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô and at one time chairing ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô the Federal Financial Institutions Examination Council.

The OCC recently assumed more prominence as a federal regulatory agency since undertaking transfers of authority from the now-defunct Office of Thrift Supervision.

About Author: Ryan Schuette

Ryan Schuette is a journalist, cartoonist, and social entrepreneur with several years of experience in real-estate news, international reporting, and business management. He currently lives in the Washington, D.C., area, where he freelances for DS News and MReport.
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