Yellen, a former Fed chief, appointed Hsu to be first deputy comptroller of the currency and said he will become the acting comptroller upon taking office Monday. Hsu was previously the associate director of the Fed’s division of supervision, leading efforts to oversee major banks. “It is a tremendous honor to serve as Acting Comptroller of the Currency alongside those who ensure our federal banking system operates in a safe, sound, and fair manner,” Hsu said in a Friday statement released by the OCC. ADVERTISEMENT “I appreciate the confidence Secretary Yellen has shown in me by appointing me to this important post.”