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5/7/2021 Secretary Yellen Announces Intention to Appoint Michael J. Hsu as First Deputy Comptroller of the Office of the Comptrol… Secretary Yellen Announces Intention to Appoint Michael J. Hsu as First Deputy Comptroller of the Office of the Comptroller of the Currency May 7, 2021 WASHINGTON – U.S. Treasury Secretary Janet L. Yellen today announced her intention to appoint Michael J. Hsu as a Deputy Comptroller and designate him the First Deputy Comptroller of the O ice of the Comptroller of the Currency (OCC). Mr. Hsu will serve as Acting Comptroller. “Today, I’m pleased to appoint Michael Hsu to the post of First Deputy Comptroller of the O ice of the Comptroller of the Currency. When Mike takes o ice on Monday, he will assume the role of Acting Comptroller,” said Secretary Yellen. “Mike has devoted his career to the stability and supervision of America’s banking system. He is among the most talented and principled regulatory o icials that I have had the pleasure of working with, and I am confident he will execute this role with integrity and e iciency.” The OCC is a bureau within the Department of the Treasury, and the Comptroller of the Currency is appointed by the President with the advice and consent of the Senate. By statute (12 U.S.C. § 4), the Treasury Secretary is responsible for appointing up to four Deputy Comptrollers of the Currency and designating one as the First Deputy Comptroller. During a vacancy in the position of Comptroller, the First Deputy Comptroller possesses the powers and performs the duties of the o ice of Comptroller. ### https://home.treasury.gov/news/press-releases/jy0167 1/1
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