About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline

GGD-82-21 1 (1982-02-26)

handle is hein.gao/gaobabcyl0001 and id is 1 raw text is:                                                                            I|Ib/U




 BY THE COMPTROLLER GENEI'AL



 Report To The Congress


 OF THE UNITED STATES






 Despite Recent Improvements,

 Bank Supervision Could Be More

 Effective And Less Burdensome



 Using new laws, regulations, technology, and
 procedures, the three Federal bank regulatory
 agencies have significantly improved the es-
 sential processes of bank supervision--gathering
 information on institutions they supervise,
 identifying problems in those institutions, and
 taking actions to solve the problems. However,
 some information now reported by banks
 is unnecessary and could be eliminated. New
 computer-based systems used to analyze
 banks' financial conditions need to be evalu-
 ated to determine the most cost-effective way
 by which to integrate them into the super-
 visory process. Eac agency should assure that
 new modified examination procedures are used
 appropriately and should consider staff train-
 ing needs. Finally, regulators need to make
 more specific recommendations to banks at
 an early stage to better enable them to deal
 with problems.

 GAO recommends changes in legislation to
 ease some reporting requirements now levied
on banks, changes in examinations policies to
help banks deal with problems more quickly,
and evaluations designed to improve the
integration of new techniques into the su-
pervisory process.





    0                                                              117670

              0                                                       GGD-82-21

                                                               FEBRUARY 26, 1982


1)c26 ~J(

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Contact us for annual subscription options:

Already a HeinOnline Subscriber?

profiles profiles most