Commissioner Of Banking

AAA

DEFINITION of 'Commissioner Of Banking'

A commissioner that oversees all of the banks in a state. The commissioner of banking supervises the liquidation of insolvent banks and performs other administrative functions. In most states, the commissioner is not an elected position but is appointed, usually by the governor.

INVESTOPEDIA EXPLAINS 'Commissioner Of Banking'

The banking commissioner serves a similar role as the insurance commissioner, and those who hold this office may have political aspirations. This post is the final state authority in the banking industry, and the commissioner usually has the power to levy fines and penalties against delinquent or insolvent institutions.

RELATED TERMS
  1. American Institute Of Banking - ...

    Founded in 1907, the American Institute of Banking (AIB) is a ...
  2. Banking Department

    A state-specific regulatory body that oversees the operations ...
  3. Bank

    A financial institution licensed as a receiver of deposits. There ...
  4. Bank Insurance

    A guarantee by the Federal Deposit Insurance Corporation (FDIC) ...
  5. Credit Card

    A card issued by a financial company giving the holder an option ...
  6. Debit Card

    An electronic card issued by a bank which allows bank clients ...
Related Articles
  1. The Evolution Of Banking
    Credit & Loans

    The Evolution Of Banking

  2. What Is The World Bank?
    Insurance

    What Is The World Bank?

  3. The Gold Standard Revisited
    Budgeting

    The Gold Standard Revisited

  4. The Currency Board: Understanding The ...
    Personal Finance

    The Currency Board: Understanding The ...

Hot Definitions
  1. Halloween Strategy

    An investment technique in which an investor sells stocks before May 1 and refrains from reinvesting in the stock market ...
  2. Halloween Massacre

    Canada's decision to tax all income trusts domiciled in Canada. In October 2006, Canada's minister of finance, Jim Flaherty, ...
  3. Zombies

    Companies that continue to operate even though they are insolvent or near bankruptcy. Zombies often become casualties to ...
  4. Witching Hour

    The last hour of stock trading between 3pm (when the bond market closes) and 4pm EST. Witching hour is typically controlled ...
  5. October Effect

    The theory that stocks tend to decline during the month of October. The October effect is considered mainly to be a psychological ...
  6. Repurchase Agreement - Repo

    A form of short-term borrowing for dealers in government securities.
Trading Center