National banks conduct some of their banking activities through companies called operating subsidiaries. These subsidiaries are companies that are owned or controlled by a national bank and that, among other things, offer banking products and services such as loans, mortgages, and leases.
The Office of the Comptroller of the Currency supervises and regulates the activities of many of these operating subsidiaries.
The Office of the Comptroller of the Currency - Cite This Source - This Definition
- Bank, Bank examination, credit union, Enforcement Action, Financial regulatory agency, National Bank, National Bank Examiner, National Credit Union Administration (NCUA), State Banking Department
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