Federal Manager's Daily Report

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An inspector general audit has said that the steady staffing level at the Office of the Comptroller of the Currency is justified even as the number of institutions it supervises has declined, saying the workload did not decline along with that number.

A report noted that the agency’s staffing held in the 3,800-3,900 range over 2013-2018 even as the number of institutions supervised fell from about 1,800 to about 1,300. It said, though, that “there isn’t a linear relationship between the number of supervised institutions and the number of employees as OCC has to take into consideration the size of total assets, complexity of the bank(s), and other risk factors.”

Such factors include the complexity of the corporate structure, the changing regulatory environment, the banking products, the balance sheet composition, it said. It added that the total assets under supervision rose in that time from $10.4 trillion to $12.5 trillion and that the “regulatory environment has become more complex.”

The IG meanwhile ended its audit of other aspects of HR planning at the agency, saying that a recent review by OPM addressed those areas.

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