The Office of the Comptroller of the Currency plans to cut 500 jobs, or 15% of its work force, by the end of 1998.

According to an internal draft memo, the Comptroller's Office is preparing for a possible decline of 800, or 29%, in the number of national banks by 2000. The agency is not satisfied with the gradual "rightsizing" it has been attempting for the past two years.

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