OCC Sheds 140 Employees in Trump Buyout as Terminations Loom (1)

The Office of the Comptroller of the Currency saw 140 employees accept the Trump administration’s deferred resignation buyouts as federal banking regulators prepare for further job cuts.

The workers who accepted the buyout offer will be put on administrative leave while they remain on the federal payroll through September, according to a Thursday internal OCC email obtained by Bloomberg Law.

“We want to acknowledge and express our support for all these employees as they navigate the steps ahead,” the email from the OCC’s Executive Committee said.

The Treasury Department reported the numbers to the OCC, according to the email. The ...