WASHINGTON — The Office of the Comptroller of the Currency will be losing one of its top economists at the end of the month, according to an internal agency memo.

Mark Levonian, the OCC's senior deputy comptroller for economics, will be leaving after nine years at the agency to take a job in the private sector, Comptroller of the Currency Thomas Curry told agency staff in a July 16 memo. David Nebhut, deputy comptroller for economic and policy analysis, will take over Levonian's duties on an acting basis, Curry said.

"In my time as Comptroller, I've leaned on Mark and his department for counsel and support in a number of areas, including our work on stress testing and the new capital rule," said Curry in the memo.

Prior to joining the OCC, Levonian was vice president for banking supervision and regulation at the Federal Reserve Bank of San Francisco. He previously was in charge of the Banking Studies Department at the Federal Reserve Bank of New York.

Nebhut represents the OCC on the Basel Committee's research task force.

"As Comptroller, I'm grateful for the OCC's deep pool of talent, and glad that someone as capable as David is willing to take on this new challenge," Curry said.

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