The Comptroller of the Currency Should Decide the Extent to Which His Action Control System Is Needed
GGD-81-93
Published: Sep 28, 1981. Publicly Released: Sep 28, 1981.
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Highlights
As part of its study of changes in bank supervision since 1976, GAO reviewed the Action Control System (ACS) of the National Bank Surveillance System under the supervision of the Office of the Comptroller of the Currency (OCC). The review consisted of an overall study of supervisory changes and a review of selected cases of banks requiring special supervisory attention to determine how ACS was used.
Recommendations
Recommendations for Executive Action
| Agency Affected | Recommendation | Status |
|---|---|---|
| Internal Revenue Service | The Comptroller of the Currency should expand the study of the Action Control System to assess the system's purpose, usefulness, and role in monitoring banks, as well as its cost effectiveness, and to evaluate the risks that reducing the system's coverage would entail. |
When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information.
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Agency missionsBank managementMonitoringNational banksRegulatory agenciesSystems designSystems evaluationBankingControl systemsBank supervision