Michael J. Hsu became the acting comptroller of the currency on May 10, 2021, upon his designation as first deputy comptroller by secretary of the Treasury Janet Yellen. In his role, Hsu is the administrator of the federal banking system and chief executive officer of the Office of the Comptroller of the Currency (OCC). The comptroller also serves as a director of the Federal Deposit Insurance Corporation and a member of the Financial Stability Oversight Council and the Federal Financial Institutions Examination Council. Before joining the OCC, Hsu served as an associate director in the Division of Supervision and Regulation at the Federal Reserve Board of Governors. In that role, he chaired the Large Institution Supervision Coordinating Committee Operating Committee, which has responsibility for supervising the global systemically important banking companies operating in the United States. He cochaired the Federal Reserve’s Systemic Risk Integration Forum, served as a member of the Basel Committee Risk and Vulnerabilities Group, and cosponsored forums promoting interagency coordination with foreign and domestic financial regulatory agencies. His career has included serving as a financial sector expert at the International Monetary Fund, financial economist at the US Department of the Treasury helping to establish the Troubled Assets Relief Program, and financial economist at the Securities and Exchange Commission overseeing the largest securities firms. Hsu began his career in 2002 as a staff attorney in the Federal Reserve Board’s Legal Division. He holds of a bachelor’s degree from Brown University, a master’s degree in finance from the George Washington University, and a juris doctor degree from New York University School of Law.