Occ is the primary regulator of banks chartered under the national bank act 12 usc section 1 et seq you will find occs regulations derived from this act in title 12 banks and banking 12 cfr parts 1 199. 66th congress 2d session j senate document 1 xo 216 the national bank act as amended the federal reserve act anl other laws relating to national banks complied under the direction of the comptroller of the currency. We carefully assess the benefits and costs of the regulations we are considering for consumers and financial institutions proposed rules are generally published to give industry consumers and other external stakeholders an opportunity to comment on their potential impact. Any bank incorporated by special law of any state or of the united states or organized under the general laws of any state or of the united states and having an unimpaired capital sufficient to entitle it to become a national banking association under the provisions of the existing laws may by the vote of the shareholders owning not less than
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