Final answer:
In MOCC Operations, one department protects bank deposits, another guarantees credit union deposits, and the third oversees the regulation of national banks and thrift institutions.
Step-by-step explanation:
The roles of various departments in MOCC Operations such as the FDIC, NCUA, and OCC involve safeguarding the financial systems and consumers. The first department is charged with ensuring bank deposits up to a specified amount, thereby fostering public confidence in the banking system. The second department fulfills a similar role for credit union deposits, also up to a certain amount. Meanwhile, the third department's duties revolve around regulating and supervising national banks and thrift institutions to ensure their safety, soundness, and compliance with applicable laws and regulations.
The duties of the FDIC include insuring deposits made by individuals and businesses in banks and thrift institutions, managing the receivership of failed banks, and promoting safe and sound banking practices through monitoring institutions.
The NCUA is responsible for regulating and supervising federal credit unions, ensuring their safety and soundness, and promoting the availability of credit union services to consumers.
The OCC oversees and regulates national banks to ensure their stability, safety, and soundness, and to protect consumers by enforcing laws and regulations.