Magazine article American Banker

OCC Puts Big-Bank Examiners in Own Group

Magazine article American Banker

OCC Puts Big-Bank Examiners in Own Group

Article excerpt

The Office of the Comptroller of the Currency is reorganizing management of its 1,980 examiners, splitting off the 350 supervisors who oversee the 30 largest national banks into a distinct group.

These large-bank examiners will be led by a new senior deputy comptroller, whom Comptroller John D. Hawke Jr. said he would announce this month.

"This is a recognition of the fact that we've got two very different types of institutions," Mr. Hawke said in an interview Monday. "Given the important role our large banks play in the national and international arena, I believed it appropriate to have a senior staff member devoted solely to large bank supervision," he wrote in a memo to employees last week.

In addition to managing the large-bank examiners, the new senior deputy comptroller is to oversee the agency's London office and manage the shared national credit program, its annual exam of all loans bigger than $20 million that are shared by three or more lenders. That exam is currently being conducted.

Mr. Hawke said his choice will come from within the agency. The logical candidates are the three deputy comptrollers -- Delora Ng Jee, Timothy W. Long, and Douglas W. Roeder -- who currently manage groups of examiners supervising the biggest national banks. All three report to Senior Deputy Comptroller Leann Britton.

Under the reorganization, Ms. Britton is to continue overseeing the 1,630 examiners who keep tabs on small and midsize institutions. Her purview also includes credit card banks and federal branches and agencies of foreign banks in the United States. Mr. Hawke said Ms. Britton will also be responsible for problem-bank supervision and fraud investigations at the 2,170 national banks with less than $20 billion of assets.

Serving as a bridge between these two will be E. Wayne Rushton who as part of the reorganization got the coveted title of chief national bank examiner -- which the agency has not used since mid-1997, when Jimmy F. …

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