Despite Recent Improvements, Bank Supervision Could be More Effective and Less Burdensome: Report to the Congress |
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Ability Accounting Adequacy adequate agencies agreed analysis APPENDIX areas assess asset authority bank examiners bank management bank problems bank's bankers basis believe benefits better Board capital cause changes Check compared competence Comptroller Comptroller's concern Congress consider controls correct Council criticized designed deteriorated determine developed differ directors early effective Evaluation examination process existed extent FDIC Federal bank Federal Reserve financial condition Financial Institutions formal actions functions identify impact importance improve indicate insider internal laws less limited liquidity lists loans methods million modified scope examinations monitoring objectives obtain officers operations overall peer group percent performance period pertaining pointed policies poor problems procedures questionnaire questions reason receive recommendations regulators regulatory requirements responses sample shows solve soundness special attention specific staff supervision supervisory surveillance systems task force tions written
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.
Bibliographic information
| Title | Despite Recent Improvements, Bank Supervision Could be More Effective and Less Burdensome: Report to the Congress |
| Author | United States. General Accounting Office |
| Publisher | U.S. General Accounting Office, 1982 |
| Length | 101 pages |
| Export Citation | BiBTeX EndNote RefMan |