12 U.S.C. § 1 : US Code - Section 1: Office of Comptroller of the Currency

Search 12 U.S.C. § 1 : US Code - Section 1: Office of Comptroller of the Currency

There shall be in the Department of the Treasury a bureau charged
with the execution of all laws passed by Congress relating to the
issue and regulation of a national currency secured by United
States bonds and, under the general supervision of the Board of
Governors of the Federal Reserve System, of all Federal Reserve
notes, except for the cancellation and destruction, and accounting
with respect to such cancellation and destruction, of Federal
Reserve notes unfit for circulation, the chief officer of which
bureau shall be called the Comptroller of the Currency, and shall
perform his duties under the general directions of the Secretary of
the Treasury. The Comptroller of the Currency shall have the same
authority over matters within the jurisdiction of the Comptroller
as the Director of the Office of Thrift Supervision has over
matters within the Director's jurisdiction under section
1462a(b)(3) of this title. The Secretary of the Treasury may not
delay or prevent the issuance of any rule or the promulgation of
any regulation by the Comptroller of the Currency.