John C. Dugan
Encyclopedia
John C. Dugan was the 29th Comptroller of the Currency for the United States Department of the Treasury
, sworn in August 2005. He completed his term on August 14, 2010.
The Comptroller of the Currency is the administrator of national banks and chief officer of the Office of the Comptroller of the Currency (OCC). The OCC supervises amore than 1,500 federally chartered commercial banks and 50 federal branches and agencies of foreign banks in the United States (as of January 31, 2010), comprising more than half the assets of the commercial banking system. The Comptroller also serves as a director of the Federal Deposit Insurance Corporation
, the Federal Financial Institutions Examination Council
, and NeighborWorks America. In September 2007, Comptroller Dugan was appointed Chairman of the Joint Forum
, which is a group of senior financial sector regulators from the United States, Canada, Europe, Japan, and Australia that deals with issues common to the banking, securities, and insurance industries, including supervision of conglomerates.
Comptroller Dugan was the Under Secretary of the Treasury for Domestic Finance in 1992 and served in Department of the Treasury from 1989 to 1993. Before that he was minority counsel and minority general counsel for the United States Senate Committee on Banking, Housing, and Urban Affairs
, from 1985 to 1989. He also served as director of Minbanc, a charitable organization, and was a member of the American Bar Association
's committee on banking law. Before serving as Comptroller, Dugan worked for 12 years as a lobbyist representing the banking industry.
He is a graduate of the University of Michigan
, with a JD
from Harvard Law School
. Mr. Dugan is married with two children.
Dugan acted as chairman of the Joint Forum
on the Basel Committee on Banking Supervision
from 2007 through December 2009.
United States Department of the Treasury
The Department of the Treasury is an executive department and the treasury of the United States federal government. It was established by an Act of Congress in 1789 to manage government revenue...
, sworn in August 2005. He completed his term on August 14, 2010.
The Comptroller of the Currency is the administrator of national banks and chief officer of the Office of the Comptroller of the Currency (OCC). The OCC supervises amore than 1,500 federally chartered commercial banks and 50 federal branches and agencies of foreign banks in the United States (as of January 31, 2010), comprising more than half the assets of the commercial banking system. The Comptroller also serves as a director of the Federal Deposit Insurance Corporation
Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation is a United States government corporation created by the Glass–Steagall Act of 1933. It provides deposit insurance, which guarantees the safety of deposits in member banks, currently up to $250,000 per depositor per bank. , the FDIC insures deposits at...
, the Federal Financial Institutions Examination Council
Federal Financial Institutions Examination Council
The Federal Financial Institutions Examination Council, or FFIEC, is a formal interagency body of the United States government empowered to prescribe uniform principles, standards, and report forms for the federal examination of financial institutions by the Board of Governors of the Federal...
, and NeighborWorks America. In September 2007, Comptroller Dugan was appointed Chairman of the Joint Forum
Joint Forum
the Joint Forum is an international group bringing together financial regulatory representatives from banking, insurance and securities...
, which is a group of senior financial sector regulators from the United States, Canada, Europe, Japan, and Australia that deals with issues common to the banking, securities, and insurance industries, including supervision of conglomerates.
Comptroller Dugan was the Under Secretary of the Treasury for Domestic Finance in 1992 and served in Department of the Treasury from 1989 to 1993. Before that he was minority counsel and minority general counsel for the United States Senate Committee on Banking, Housing, and Urban Affairs
United States Senate Committee on Banking, Housing, and Urban Affairs
The United States Senate Committee on Banking, Housing, and Urban Affairs has jurisdiction over matters related to: banks and banking, price controls, deposit insurance, export promotion and controls, federal monetary policy, financial aid to commerce and industry, issuance of redemption of notes,...
, from 1985 to 1989. He also served as director of Minbanc, a charitable organization, and was a member of the American Bar Association
American Bar Association
The American Bar Association , founded August 21, 1878, is a voluntary bar association of lawyers and law students, which is not specific to any jurisdiction in the United States. The ABA's most important stated activities are the setting of academic standards for law schools, and the formulation...
's committee on banking law. Before serving as Comptroller, Dugan worked for 12 years as a lobbyist representing the banking industry.
He is a graduate of the University of Michigan
University of Michigan
The University of Michigan is a public research university located in Ann Arbor, Michigan in the United States. It is the state's oldest university and the flagship campus of the University of Michigan...
, with a JD
Juris Doctor
Juris Doctor is a professional doctorate and first professional graduate degree in law.The degree was first awarded by Harvard University in the United States in the late 19th century and was created as a modern version of the old European doctor of law degree Juris Doctor (see etymology and...
from Harvard Law School
Harvard Law School
Harvard Law School is one of the professional graduate schools of Harvard University. Located in Cambridge, Massachusetts, it is the oldest continually-operating law school in the United States and is home to the largest academic law library in the world. The school is routinely ranked by the U.S...
. Mr. Dugan is married with two children.
Dugan acted as chairman of the Joint Forum
Joint Forum
the Joint Forum is an international group bringing together financial regulatory representatives from banking, insurance and securities...
on the Basel Committee on Banking Supervision
Basel Committee on Banking Supervision
The Basel Committee on Banking Supervision is a committee of banking supervisory authorities that was established by the central bank governors of the Group of Ten countries in 1975. It provides a forum for regular cooperation on banking supervisory matters. Its objective is to enhance...
from 2007 through December 2009.