Despite Recent Improvements, Bank Supervision Could be More Effective and Less Burdensome: Report to the Congress |
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Page 1
... competence of examiners , interagency cooperation , bank examinations , how agencies deal with bank problems , and what happens when a bank fails . 1 / We also made recommendations in many of those areas . Though the scope of our 1976 ...
... competence of examiners , interagency cooperation , bank examinations , how agencies deal with bank problems , and what happens when a bank fails . 1 / We also made recommendations in many of those areas . Though the scope of our 1976 ...
Page 20
... competence of bank management and its policies that cause problems , they still equate the quality of management to the current condition of a bank . This is an equation that , as we found both in our task force cases and in our current ...
... competence of bank management and its policies that cause problems , they still equate the quality of management to the current condition of a bank . This is an equation that , as we found both in our task force cases and in our current ...
Page 21
... competence to a bank's financial condi- tion , though an important measure , still can be misleading , as we found in our current case studies . In one of them , for exam- ple , the bank originally was designated as warranting special ...
... competence to a bank's financial condi- tion , though an important measure , still can be misleading , as we found in our current case studies . In one of them , for exam- ple , the bank originally was designated as warranting special ...
Page 26
... competence and of a bank's policies and procedures more than were the Federal Reserve and This difference was not as apparent in the three agencies ' evaluations of banks ' internal controls , however . 1 / GGD - 81-12 , page 35 ...
... competence and of a bank's policies and procedures more than were the Federal Reserve and This difference was not as apparent in the three agencies ' evaluations of banks ' internal controls , however . 1 / GGD - 81-12 , page 35 ...
Page 27
... competence and expertise 71.4 57.4 57.6 But the bankers apparently did not equate attention to effec- tiveness . As the following figure shows , the percentages of national bank officials rating the Comptroller as being effective in ...
... competence and expertise 71.4 57.4 57.6 But the bankers apparently did not equate attention to effec- tiveness . As the following figure shows , the percentages of national bank officials rating the Comptroller as being effective in ...
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Common terms and phrases
1976 task force Ability to evaluate Accounting Office analysis APPENDIX areas BANK EXAMINATION PROCESS bank holding companies bank management bank officials bank regulators bank regulatory agencies bank supervision bank's condition bank's financial condition bank's position bankers banks to solve basis to judge Board capital adequacy cease and desist Check commercial bank examiners commercial examinations Comptroller Comptroller's examiners Congress desist orders developed directors effective exam examination reports extensions of credit FDIC Federal Deposit Insurance Federal examination Federal Financial Institutions Federal Reserve Act Federal Reserve System financial ratios form FFIEC 003 formal actions functions GAO's holding companies improve ineffective Influencing banks insider loan internal controls management weaknesses memoranda of understanding modified scope examinations NBSS onsite examinations peer group percent pertaining specifically policies and procedures questionnaire recommendations to banks reporting requirements sample section 22(g special attention banks staff supervisory agencies surveillance systems SURVEY OF COMMERCIAL tions Title IX
Popular passages
Page 39 - ... or has committed or engaged in any act, omission, or practice which constitutes a breach of his fiduciary duty as such director or officer, and the Board determines that the bank has suffered or will probably suffer substantial financial loss or other damage...
Page 76 - GAO comments supplementing those in the report text appear at the end of this appendix. o Comptroller of the Currency Administrator of National Banks Washington, DC 20219 June 16, 1998 Mr.
Page 19 - Tanking statutes and we have read the the replies of the Comptroller of the Currency, the Chairman of the Board of Governors of the Federal Reserve System and the Chairman of the Federal Deposit Insurance Corporation to your requests for their views on the same questions you have asked us.
Page 72 - VIII of the Financial Institutions Regulatory and Interest Rate Control Act of 1978 (FIRA) (Pub.
Page 5 - The supervisory agencies' success in getting bank problems corrected depends largely on how willing and cooperative bank managers are to change those practices and policies which caused the problems. Those banks which are receptive to the agencies' identification of problems and suggestions for solving them stand a better chance of correcting their problems sooner. Therefore, movement off the problem list results from the banks' as well as the agencies
Page 39 - ... violation or practice or breach of fiduciary duty is one involving personal dishonesty on the part of such director or officer, or one which demonstrates a willful or continuing disregard for the safety or soundness of the bank...
Page 1 - To reorganize and consolidate certain functions of the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation and the Federal Reserve System...
Page 3 - Examines and supervises federally insured state-chartered banks that are not members of the Federal Reserve System for violation of laws prohibiting discrimination in credit transactions on the basis of sex or marital status.