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GGD-81-21 1 (1981-04-24)

handle is hein.gao/gaobabbvz0001 and id is 1 raw text is: 





BY THE COMPTROLLER GENERAL



Report To The Congress

OF THE UNITED STATES





The Federal Structure For Examining

Financial Institutions Can Be Improved





Responsibility for Federal supervision of ap-
proximately 14,300 commercial banks scat-
tered throughout the United States is divided
among three Federal bank regulatory agencies.
Each agency maintains its own onsite examin-
ing capability rather than sharing or consoli-
dating services. This situation has resulted in

     --high examination costs,

     --morale problems and high turnover,
     and

     --difficulties in managing workloads.

This report discusses some alternatives to the
present organizational structure and recom-
mends that the Federal Financial Institutions
Examination Council undertake additional
study and planning of these alternatives. The
Council's ongoing projects to develop uniform
examination principles, standards, and reports
and to conduct common examiner training
courses should result in more consistent ex-
aminations as well as make sharing or consoli-
dating the examination forces more feasible.

    -.S STP

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                                                                    GGD-81-21
                                                                 APR I L 24, 1981

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