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GGD-81-93 1 (1981-09-28)

handle is hein.gao/gaobabcln0001 and id is 1 raw text is: UNITED STATES GENERAL ACCOUNTING OFFICE WASHINGTON. D.C. 20548 GENERAL GOVERNMENT DIVISION SEPTEM BER 28, 1981 B-204180 The Honorable Charles E. Lord Acting Comptroller of the Currency 116450 Dear Mr. Lord: SUBJECT: The Comptroller of the Currency Should Decide the E.xtent to Which Nis Action Control System is Needed (GGD-81-93) As part of our study of changes in bank supervision since 1976, we found that the Action Control System (ACS) of the National Bank Surveillance System (NBSS) has not been working as planned. Your staff recognized ACS shortcomings in October 1980, but as of July 1981 no improvements had been made. kn agency committee studying how to redesign the system and pro- duce valid information in a readable format is not addressing the fundamental issues we think require resolution before the system is modified. OBJECTIVES, SCOPE, AND METHODOLOGY This letter is one result of our study of changes in bank supervision since 1976. The objective of that study is to see if banking supervision has improved in the last 5 years. Because quality supervision requires current and accurate infor- mation, we assessed the banking supervisory agencies' efforts to obtain and use better information on banks. Our analysis of the information that agencies are receiving led us to the Comptroller of the Currency's (OCC) ACS. Although we made no detailed analysis of the design or oper- ation of ACS, we did obtain information about the system in sev- eral ways. First, our overall study of supervisory changes included a sample of cases of banks requiring special supervisory attention. We selected these cases to assess how the banking supervisory agencies are dealing with bank problems. At OCC we determined how ACS was used. We also discussed the system with OCC headquarters and regional officials. In addition, we studied documents prepared by OCC staff which described and evaluated the system. (233060)

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