Who is responsible for licensing nationally chartered banks?

The correct answer is the Comptroller of the Currency because this office is specifically tasked with overseeing and regulating nationally chartered banks in the United States. The Comptroller of the Currency is an independent bureau within the U.S. Department of the Treasury and is responsible for ensuring that banks operate safely and soundly while adhering to banking laws and regulations.

This role includes granting charters to national banks, examining their operations, and enforcing compliance with federal banking laws. By managing these responsibilities, the Comptroller plays a crucial role in the stability and compliance of the national banking system.

While the federal government does have a broader role in regulating financial institutions, it is the Comptroller of the Currency that specifically handles the licensing part for nationally chartered banks. The National Banking Association and State Bank Association are not responsible for the licensing of banks; they may advocate for certain banking interests or provide support, but they do not have regulatory or licensure authority.