Banking Accreditation Best Practices – States Which Scored 5
Best Practice
DEPARTMENT ADMINISTRATION & FINANCE
2015
A. Mission Statement/Strategic Plan
B.
Organizational Chart
Indiana, Puerto Rico,
New Jersey
C.
Internal Communication/Internal
Staff Meetings
New Jersey
D. Communication w/ Federal
Agencies
Indiana, Puerto Rico,
New Jersey
E.
Communication w/ Other State
Banking Departments
Indiana, New Jersey
F.
Communication w/ Banking Trade
Associations
Indiana, Puerto Rico,
New Jersey
G. Consumer Education/Financial
Literacy
Puerto Rico, New Jersey
2014
Massachusetts, Virginia,
Pennsylvania, Tennessee
Massachusetts, Virginia,
Oklahoma, Wisconsin,
Pennsylvania, Florida,
Montana, Tennessee
Massachusetts,
Oklahoma, Wisconsin,
Pennsylvania, Florida,
Montana
Massachusetts, Virginia,
Oklahoma, Wisconsin,
Pennsylvania, Florida,
Montana, Tennessee
Massachusetts, Virginia,
Oklahoma, Wisconsin,
Pennsylvania, Florida,
Montana, Tennessee
Massachusetts, Virginia,
Oklahoma, Wisconsin,
Pennsylvania, Florida,
Montana, Tennessee
Massachusetts, Virginia,
Wisconsin, Pennsylvania,
Tennessee
2013
2012
2011
North Dakota
Kentucky
California
North Dakota,
Missouri, Iowa,
Nebraska
Alabama, Wyoming,
South Dakota,
Kentucky, Maryland,
Minnesota
Wyoming, Oregon
California, Mississippi,
West Virginia, Alaska,
Colorado, Delaware,
Arizona
California, Mississippi,
West Virginia, Alaska,
Maine, Arizona
Alabama, Wyoming,
South Dakota,
Oregon, Kentucky,
Maryland, Minnesota
Alabama, Wyoming,
South Dakota,
Oregon, Kentucky,
Maryland
Alabama, Wyoming,
South Dakota,
Oregon, Kentucky,
Maryland, Minnesota
Oregon, Kentucky,
Maryland, Minnesota
California, Mississippi,
West Virginia, Alaska,
Colorado, Delaware,
Arizona ware, Maine
California, Mississippi,
West Virginia, Alaska,
Delaware, Maine,
Arizona
California, Mississippi,
West Virginia, Alaska,
Colorado, Delaware,
Maine, Arizona
California, West
Virginia, Alaska,
Delaware, Maine
North Dakota,
Missouri, Iowa,
Nebraska
North Dakota,
Missouri, Iowa,
Nebraska
North Dakota,
Missouri, Iowa,
Nebraska
North Dakota,
Missouri, Iowa,
Nebraska
Missouri, Iowa,
Nebraska
Best Practice
2015
DEPARTMENT ADMINISTRATION & FINANCE (continued)
H. Promulgation of Rules &
Regulations
Indiana, Puerto Rico,
New Jersey
I.
Processing of Applications
J.
Legal Assistance
Indiana, Puerto Rico,
New Jersey
K.
Agency Facilities/Emergency
Preparedness
Puerto Rico
L.
Internal Computer Capabilities/
Recovery/Preparedness
1. Business (added June 2014)
Puerto Rico
2.
Field Examination (added
June 2014)
a. Daily Backup
b. Own computer and email
address
c. Limits for retaining exam
data on laptop
M. Budget Revenue
Sources/Contingency Plan
N. Budget Expenses/Supplemental
Budgets; (2008-2011:
Preparation/Adequacy of
Approved Budget)
2014
Massachusetts, Virginia,
Oklahoma, Wisconsin,
Pennsylvania, Florida,
Montana, Tennessee
Massachusetts,
Oklahoma, Wisconsin,
Pennsylvania, Tennessee
Massachusetts, Virginia,
Oklahoma, Wisconsin,
Pennsylvania, Florida,
Montana, Tennessee
Massachusetts, Virginia,
Oklahoma,
Pennsylvania, Florida,
Tennessee
2013
2012
2011
Alabama, Wyoming,
South Dakota,
Oregon, Kentucky,
Maryland, Minnesota
Alabama, Kentucky,
Minnesota
California, Mississippi,
Alaska, Colorado,
Delaware, Maine,
Arizona
Alabama, Wyoming,
South Dakota,
Oregon, Kentucky,
Maryland, Minnesota
Alabama, Maryland,
Minnesota
California, Mississippi,
West Virginia, Alaska,
Delaware, Maine,
Arizona
West Virginia,
Colorado, Maine,
Arizona
North Dakota,
Iowa, Nebraska
Minnesota
California
North Dakota,
Missouri, Iowa,
Nebraska
Alabama, Wyoming,
South Dakota,
Oregon, Kentucky,
Maryland, Minnesota
Alabama, Wyoming,
South Dakota,
Oregon, Kentucky,
Maryland, Minnesota
California, Mississippi,
West Virginia,
Colorado, Delaware,
Maine
California, Mississippi,
West Virginia, Alaska,
Colorado, Delaware,
Maine
North Dakota,
Missouri, Iowa,
Nebraska
North Dakota
North Dakota,
Iowa, Nebraska
North Dakota,
Missouri, Iowa
Massachusetts,
Oklahoma, Wisconsin,
Pennsylvania, Florida
Indiana, Puerto Rico,
New Jersey
Indiana, Puerto Rico,
New Jersey
Puerto Rico
Virginia
Virginia, Oklahoma,
Wisconsin, Pennsylvania,
Florida, Montana,
Tennessee
Virginia
Virginia, Oklahoma,
Wisconsin, Pennsylvania,
Florida, Montana,
Tennessee
Massachusetts, Virginia,
Oklahoma, Wisconsin, ,
Tennessee Pennsylvania,
Florida, Montana
North Dakota,
Missouri, Iowa,
Nebraska
Best Practice
PERSONNEL
2015
A. Personnel Manual
Indiana, Puerto Rico,
New Jersey
B.
Job Descriptions
Indiana, Puerto Rico,
New Jersey
C.
Hiring Policies
Indiana, Puerto Rico,
New Jersey
D. Promotional Opportunities/Pay
for Performance
Indiana
E.
Performance Appraisal Process
Indiana, Puerto Rico,
New Jersey
F.
Adequacy of Salaries/Benefits
2014
Massachusetts, Virginia,
Oklahoma, Wisconsin,
Pennsylvania, Florida,
Montana, Tennessee
Massachusetts, Virginia,
Oklahoma, Wisconsin,
Pennsylvania, Florida,
Montana, Tennessee
Massachusetts, Virginia,
Oklahoma, Wisconsin,
Pennsylvania, Florida,
Montana, Tennessee
Massachusetts, Virginia,
Oklahoma, Florida,
Montana
Massachusetts, Virginia,
Oklahoma, Wisconsin,
Pennsylvania, Florida,
Montana, Tennessee
Oklahoma
2013
2012
2011
North Dakota,
Missouri, Iowa,
Nebraska
Alabama, Wyoming,
South Dakota,
Oregon, Kentucky,
Maryland, Minnesota
Alabama, Wyoming,
South Dakota,
Oregon, Kentucky,
Maryland, Minnesota
Alabama, Wyoming,
Kentucky, Maryland,
Minnesota
California, Mississippi,
West Virginia, Alaska,
Colorado, Delaware,
Maine, Arizona
California, Mississippi,
West Virginia,
Colorado, Delaware,
Maine, Arizona
California, Mississippi,
West Virginia, Alaska,
Maine, Arizona
North Dakota,
Missouri
South Dakota,
Kentucky, Minnesota
North Dakota,
Missouri, Iowa,
Nebraska
Wyoming, Kentucky,
Maryland, Minnesota
North Dakota,
Missouri, Iowa,
Nebraska
North Dakota,
Missouri, Iowa,
Nebraska
Iowa
California, Mississippi,
Alaska, Colorado,
Maine
Best Practice
TRAINING
A. Training Coordinator/Evaluations
B.
Policy on Examiner Training
C.
Training Manual(s)
2015
Indiana
Indiana, Puerto Rico,
New Jersey
D. On-the-Job Training
E.
Exit Interview Training
Indiana, Puerto Rico,
New Jersey
F.
Support/Encouragement of
External Academic Training
Puerto Rico, New Jersey
G. Adequacy of Training Funds
2014
Massachusetts,
Oklahoma, Florida,
Montana, Tennessee
Massachusetts,
Oklahoma, Wisconsin,
Pennsylvania, Montana,
Tennessee
Massachusetts,
Oklahoma, Wisconsin,
Pennsylvania, Florida,
Montana, Tennessee
Massachusetts,
Pennsylvania
Massachusetts, Virginia,
Oklahoma, Wisconsin,
Pennsylvania, Florida,
Montana, Tennessee
Massachusetts, Virginia,
Oklahoma, Wisconsin,
Pennsylvania, Florida,
Montana, Tennessee
Massachusetts, Virginia,
Oklahoma, Wisconsin,
Pennsylvania, Montana,
Tennessee
2013
2012
2011
North Dakota,
Iowa
Minnesota
Mississippi
North Dakota,
Iowa, Nebraska
Wyoming, South
Dakota, Oregon,
Kentucky, Maryland,
Minnesota
Alabama, Wyoming,
South Dakota,
Oregon, Kentucky,
Maryland, Minnesota
California, Mississippi,
West Virginia, Alaska,
Delaware, Maine
Alabama, Wyoming,
South Dakota,
Oregon, Kentucky,
Maryland, Minnesota
Wyoming, South
Dakota, Kentucky,
Minnesota
California, Mississippi,
West Virginia, Alaska,
Colorado, Delaware,
Maine, Arizona
California, Mississippi,
Alaska, Delaware,
Maine
Alabama, Wyoming,
South Dakota
California, Mississippi,
West Virginia, Alaska
North Dakota,
Missouri, Iowa,
Nebraska
North Dakota,
Missouri, Iowa
North Dakota,
Missouri, Iowa,
Nebraska
North Dakota,
Missouri, Iowa,
Nebraska
North Dakota
California, Mississippi,
Colorado, Maine,
Arizona
Best Practice
EXAMINATION POLICIES AND PROCEDURES
2015
A. Examination Frequency
Policy/Ability to Meet Policy
Indiana
B.
Indiana, New Jersey
Agreements w/ Federal
Regulators
C.
Interstate Banking
Policy/Procedures
D. Examination
Manuals/Preplanning
Indiana, Puerto Rico,
New Jersey
E.
Review and Transmittal of Report
Indiana, Puerto Rico
F.
Working Paper Preparation and
Review
Indiana, Puerto Rico
2014
Massachusetts, Virginia,
Oklahoma,
Pennsylvania, Montana
Massachusetts, Virginia,
Oklahoma,
Pennsylvania, Florida,
Montana, Tennessee
Montana, Tennessee
Massachusetts, Virginia,
Oklahoma, Wisconsin,
Pennsylvania, Florida,
Montana, Tennessee
Tennessee
Massachusetts, Virginia,
Pennsylvania, Tennessee
2013
North Dakota,
Iowa, Nebraska
North Dakota,
Missouri, Iowa,
Nebraska
North Dakota,
Iowa, Nebraska
North Dakota,
Missouri, Iowa,
Nebraska
North Dakota,
Missouri, Iowa,
Nebraska
Missouri
2012
2011
Alabama, Wyoming,
Kentucky, Maryland,
Minnesota
Alabama, Wyoming,
South Dakota,
Oregon, Kentucky,
Minnesota
South Dakota,
Minnesota
Alabama, Wyoming,
South Dakota,
Oregon, Kentucky,
Maryland, Minnesota
Wyoming, Kentucky,
Minnesota
California, Mississippi,
West Virginia,
Delaware, Arizona
California, Mississippi,
West Virginia,
Colorado, Maine
Wyoming, Minnesota
Alaska, Colorado
Mississippi
California, Mississippi,
Colorado, Maine,
Arizona
Mississippi, Alaska,
Maine
Best Practice
2015
2014
2013
ABILITY TO RATE FINANCIAL INSTITUTIONS, RECOGNIZE PROBLEMS AND INITIATE CORRECTIVE PROCEDURES
A. Ability to Examine and Rate
1.
Banks-Assessment of
CAMELS
Massachusetts, Virginia,
Oklahoma, Pennsylvania
Virginia, Oklahoma,
Wisconsin, Pennsylvania,
Florida, Montana,
Tennessee
North Dakota, Iowa
Massachusetts, Virginia,
Oklahoma, Wisconsin,
Pennsylvania, Tennessee
Oklahoma, Wisconsin,
Pennsylvania, Tennessee
Florida
Massachusetts, Virginia,
Oklahoma, Wisconsin,
Pennsylvania, Florida,
Montana, Tennessee
North Dakota,
Iowa, Nebraska
Maryland,
Minnesota
California, Mississippi,
West Virginia
Iowa
Minnesota
California, Mississippi
Massachusetts, Virginia,
Wisconsin
Massachusetts
Iowa
Massachusetts,
Wisconsin, Pennsylvania,
Montana, Tennessee
Massachusetts, Virginia,
Pennsylvania, Montana,
Tennessee
Missouri, Iowa,
Nebraska
2.
Trust (companies &
departments)
Indiana
3.
Information Technology
Area
a. Internal IT
Service/Internet Banking
Puerto Rico
b. IT Service Organizations
B.
C.
California, Mississippi
North Dakota,
Missouri, Iowa,
Nebraska
Indiana
6.
Alabama, Wyoming,
South Dakota,
Oregon, Kentucky,
Maryland,
Minnesota
Alabama, Maryland,
Minnesota
Alabama, Oregon,
Maryland
Massachusetts, Virginia,
Oklahoma,
Pennsylvania, Florida,
Montana, Tennessee
Capital Markets
International Banking
Compliance Reviews
(Federal/State Laws)
2011
Indiana, Puerto Rico
1.a.
4.
5.
2012
Puerto Rico
Indiana, Puerto Rico,
New Jersey
Bank Affiliates (Holding
Companies, etc.)
7.
Consumer Compliance
(2014 only)
Problem Identification/Migration
Analysis
Indiana, New Jersey
Follow-up/Correction of Problems
Indiana, Puerto Rico,
New Jersey
Indiana
Indiana
Missouri, Iowa
North Dakota,
Missouri, Iowa,
Nebraska
North Dakota,
Missouri, Iowa,
Nebraska
Alabama, Wyoming,
South Dakota,
Oregon, Kentucky,
Maryland,
Minnesota
Oregon, Minnesota
Wyoming, South
Dakota, Kentucky,
Minnesota
Alabama, Wyoming,
Maryland,
Minnesota
Mississippi, Delaware
California, Mississippi,
West Virginia,
Colorado, Delaware
California
California, Mississippi,
West Virginia,
Colorado, Delaware,
Maine, Arizona
California, West
Virginia
Mississippi, Maine,
Arizona
Mississippi, West
Virginia, Alaska,
Colorado, Arizona
Best Practice
SUPERVISION AND ENFORCEMENT
2015
A. Surveillance System
Indiana
B.
Communication of Findings of
Surveillance System
Indiana
C.
Adequacy of Statutory
Enforcement Authority
1.
Banks
Indiana, Puerto Rico
2.
Indiana
Bank Holding Companies
D. Use of Enforcement Authority
Indiana, Puerto Rico,
New Jersey
2014
2013
2012
Massachusetts,
Pennsylvania, Tennessee
Massachusetts, Virginia,
Pennsylvania, Florida,
Montana
North Dakota,
Missouri
North Dakota,
Missouri, Iowa
Minnesota
Massachusetts, Virginia,
Oklahoma, Wisconsin,
Pennsylvania, Florida
Virginia, Wisconsin,
Pennsylvania, Florida
Massachusetts, Virginia,
Oklahoma, Montana,
Tennessee
North Dakota,
Missouri, Iowa
Alabama, Kentucky,
Minnesota
North Dakota,
Iowa
North Dakota,
Missouri, Iowa
Alabama, Minnesota
Alabama, Wyoming,
South Dakota,
Oregon, Minnesota
Minnesota
Alabama, Wyoming,
South Dakota,
Kentucky, Maryland,
Minnesota
2011
California, West
Virginia, Alaska
California, Mississippi,
West Virginia, Alaska,
Colorado, Maine
West Virginia
Mississippi, West
Virginia, Delaware,
Maine, Arizona
West Virginia, Maine,
Arizona
Mississippi, Alaska,
Colorado, Maine
Best Practice
LEGISLATIVE POWERS
2015
A. Frequency of Banking Code
Review/Revision
Indiana, New Jersey
B.
Adequacy of State Supervisor’s
Authority
Indiana, New Jersey
C.
Involvement in State Legislative
Process (2011-2014)
Indiana, Puerto Rico,
New Jersey
D. Involvement in Federal Legislative
Process (2011-2014)
Indiana, New Jersey
2014
2013
Massachusetts, Virginia,
Oklahoma, Wisconsin,
Pennsylvania, Florida,
Montana, Tennessee
Massachusetts, Virginia,
Pennsylvania, Florida
North Dakota,
Missouri, Iowa,
Nebraska
Massachusetts, Virginia,
Oklahoma, Wisconsin,
Pennsylvania, Florida,
Montana, Tennessee
Massachusetts, Virginia,
Oklahoma, Wisconsin,
Pennsylvania, Florida,
Montana, Tennessee
North Dakota,
Missouri, Iowa,
Nebraska
North Dakota,
Missouri, Iowa,
Nebraska
North Dakota,
Missouri, Iowa,
Nebraska
2012
Alabama, Wyoming,
South Dakota,
Oregon, Kentucky,
Maryland, Minnesota
Alabama, Wyoming,
South Dakota,
Oregon, Kentucky,
Maryland, Minnesota
Alabama, Wyoming,
South Dakota,
Oregon, Kentucky,
Maryland, Minnesota
Alabama, Wyoming,
South Dakota,
Oregon, Kentucky,
Maryland, Minnesota
2011
California, West
Virginia, Colorado,
Delaware, Maine,
Arizona
California, West
Virginia, Delaware,
Maine, Arizona
California, Mississippi,
West Virginia, Alaska,
Colorado, Delaware,
Maine, Arizona
California, Mississippi,
West Virginia, Alaska,
Colorado, Delaware,
Maine, Arizona