Banking System and Performance Measurement

Banking System and Performance Measurement- A banking system is a collection or network of establishments that provide financial services for us. These institutions are accountable for performing a payment system, taking deposits, providing loans, and helping with investments.

In 1791, at the urging of Secretary of Treasury Alexander Hamilton, the First Bank of the United States was opened for business under Congress. The bank’s purpose was to handle debt from the Revolutionary War, create a standard form of currency, and raise money for the new government.

Banking systems operate many different functions, depending on the network of institutions. For example, payment and loan functions at commercial banks allow us to deposit funds and use our checking accounts and debit cards to pay our bills or make purchases. They can also help us finance our cars and homes. Banking systems perform several different functions, depending on the network of institutions. For example, payment and loan functions at commercial banks allow us to deposit funds and use our checking accounts and debit cards to pay our bills or make purchases. They can also help us finance our cars and homes.

It includes the following:

• Introduction
• Type of Banking Systems
• Factors Affecting Banking Systems
• Universal Banking System
• Commercial Banks vs. Other Financial Institutions
• Performance Measurement

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