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Biden nominated Saule Omarova to be comptroller of the currency at the Department of Treasury.. If confirmed, Omarova would be in charge of overseeing banking in the United States...Omarova believes private bank accounts should be taken over and controlled by the Federal Reserve/; There would be no more private bank deposit accounts and all of the deposit accounts will be held directly at the fed,” Omarova said during recent remarks.. Saule Omarova has come under fire for her comments praising the Soviet economy.