National Bank Surveillance System

AAA

DEFINITION of 'National Bank Surveillance System'

A computerized monitoring system developed and implemented in 1975 by the U.S. Office of the Comptroller of the Currency (OCC) to collect data and evaluate national banks' financial performance. By identifying banks in financial trouble, it acts as an early-warning system. Its quarterly Bank Performance Report compares each bank to a group of its peers to get an accurate picture of banks' performance.

INVESTOPEDIA EXPLAINS 'National Bank Surveillance System'

The purpose of the Office of the Comptroller of the Currency is, as its motto proclaims, "ensuring a safe and sound national banking system for all Americans." The OCC charters, regulates and supervises all U.S. national banks. Its supervisory functions include on-site reviews of national banks and oversight of bank operations.

RELATED TERMS
  1. Bank Reserve

    Bank reserves are the currency deposits which are not lent out ...
  2. Tax Accounting

    Accounting methods that focus on taxes rather than the appearance ...
  3. Bank Capital

    The difference between the value of a bank's assets and its liabilities. ...
  4. Bank

    A financial institution licensed as a receiver of deposits. There ...
  5. Central Bank

    The entity responsible for overseeing the monetary system for ...
  6. Retail Banking

    Typical mass-market banking in which individual customers use ...
Related Articles
  1. The Rise Of The Modern Investment Bank ...
    Insurance

    The Rise Of The Modern Investment Bank ...

  2. The Evolution Of Banking
    Credit & Loans

    The Evolution Of Banking

  3. Bank Failure: Will Your Assets Be Protected?
    Options & Futures

    Bank Failure: Will Your Assets Be Protected?

  4. Who Backs Up The FDIC?
    Options & Futures

    Who Backs Up The FDIC?

Hot Definitions
  1. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
  2. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  3. Leading Indicator

    A measurable economic factor that changes before the economy starts to follow a particular pattern or trend. Leading indicators ...
  4. Wage-Price Spiral

    A macroeconomic theory to explain the cause-and-effect relationship between rising wages and rising prices, or inflation. ...
  5. Accelerated Depreciation

    Any method of depreciation used for accounting or income tax purposes that allows greater deductions in the earlier years ...
  6. Call Risk

    The risk, faced by a holder of a callable bond, that a bond issuer will take advantage of the callable bond feature and redeem ...
Trading Center