Despite Recent Improvements, Bank Supervision Could be More Effective and Less Burdensome: Report to the Congress |
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Page iii
... SURVEILLANCE SYSTEMS NEEDED These The Federal bank regulatory agencies are using and expanding computerized surveillance sys- tems without fully defining their uses or evaluating their costs versus benefits . systems were designed to ...
... SURVEILLANCE SYSTEMS NEEDED These The Federal bank regulatory agencies are using and expanding computerized surveillance sys- tems without fully defining their uses or evaluating their costs versus benefits . systems were designed to ...
Page iv
... surveillance systems as part of developing a better definition of the role and use of such systems . ( See p . 58. ) AGENCY COMMENTS The Federal Reserve , the FDIC , and the Federal Financial Institutions Examination Council agreed with ...
... surveillance systems as part of developing a better definition of the role and use of such systems . ( See p . 58. ) AGENCY COMMENTS The Federal Reserve , the FDIC , and the Federal Financial Institutions Examination Council agreed with ...
Page v
... surveillance systems were developed without appropriate studies required by accepted system development criteria , the agencies should formally assess whether the benefits received can justify the costs to develop and operate the systems ...
... surveillance systems were developed without appropriate studies required by accepted system development criteria , the agencies should formally assess whether the benefits received can justify the costs to develop and operate the systems ...
Page vii
... Surveillance systems have limited value as early warning of bank problems Conclusions 20 29 30 Agency comments 31 4 FORMAL ACTIONS IMPROVED , BUT INFORMAL METHODS SHOULD BE MADE MORE EFFECTIVE 32 Formal actions used more often , but ...
... Surveillance systems have limited value as early warning of bank problems Conclusions 20 29 30 Agency comments 31 4 FORMAL ACTIONS IMPROVED , BUT INFORMAL METHODS SHOULD BE MADE MORE EFFECTIVE 32 Formal actions used more often , but ...
Page viii
... Surveillance systems evolved piecemeal with no cost - benefit evaluations Inadequate training has led to 48 48 incomplete acceptance 51 Timeliness , peer groupings limit surveillance effectiveness Surveillance not used to 54 allocate ...
... Surveillance systems evolved piecemeal with no cost - benefit evaluations Inadequate training has led to 48 48 incomplete acceptance 51 Timeliness , peer groupings limit surveillance effectiveness Surveillance not used to 54 allocate ...
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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.