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Department of the Treasury, Executive (121 - 130 of 324 items)
Developing Country Debt: Debt Swaps for Development and Nature Provide Little Debt Relief
NSIAD-92-14: Published: Dec 9, 1991. Publicly Released: Dec 9, 1991.
Pursuant to a congressional request, GAO examined issues concerning debt swaps for development and nature, focusing on: (1) the number of developing countries that have participated in debt swaps, the extent to which debt swaps have reduced total external debt, and the number of programs that have been undertaken; (2) the advantages and disadvantages of debt swaps and the U.S. Agency for Internati...
Obligations Limitation: Resolution Trust Corporation's Compliance as of December 31, 1990
AFMD-92-4: Published: Oct 22, 1991. Publicly Released: Nov 22, 1991.
Pursuant to a congressional request, GAO reviewed the Resolution Trust Corporations's (RTC) fourth-quarter compliance with the maximum obligation limit set forth in the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA), which: (1) established a formula for calculating the maximum allowable obligations outstanding; and (2) provided $50 billion in financing to resolve tro...
Government-Sponsored Enterprises: Using Private Risk Ratings for Exemptions From Federal Regulations
GGD-92-10: Published: Nov 6, 1991. Publicly Released: Nov 6, 1991.
GAO compared the risk ratings of government-sponsored enterprises (GSE) done by bank regulators and nationally recognized statistical rating organizations (NRSRO).GAO found that: (1) although NRSRO ratings and banks' process of assessing capital, assets, management, earnings, and liquidity (CAMEL) to determine rate risks were similar, they differed often enough that one could not be readily substi...
Resolution Trust Corporation: Proposed Tax Credit Would Add to Government's Cost of Selling RTC Assets
GGD-92-14BR: Published: Nov 1, 1991. Publicly Released: Nov 1, 1991.
Pursuant to a congressional request, GAO reviewed whether a tax credit would facilitate the sale of distressed property held by the Resolution Trust Corporation (RTC), focusing on: (1) the cost-effectiveness of a tax credit program that would begin on January 1, 1992, and have a cap of $1 billion; and (2) RTC strategies to dispose of properties by lowering their prices and using other available al...
Obligations Limitation: Resolution Trust Corporation's Compliance as of September 30, 1990
AFMD-91-63: Published: May 31, 1991. Publicly Released: Jul 1, 1991.
Pursuant to a congressional request, GAO assessed the Resolution Trust Corporation's (RTC) third-quarter compliance with the maximum RTC obligation limit set forth by the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) of 1989, which provided a formula calculating maximum allowable obligations.GAO found that: (1) none of the formula categories required by FIRREA were omitted...
Indian Programs: Lack of Internal Control at Two Special Law Enforcement Units
RCED-91-111: Published: May 15, 1991. Publicly Released: May 15, 1991.
Pursuant to a congressional request, GAO reviewed two Bureau of Indian Affairs (BIA) law enforcement operations, focusing on their management of: (1) a confidential fund BIA used to pay informants; (2) overtime pay; (3) travel advances; and (4) sensitive equipment.GAO found that BIA: (1) did not comply with federal requirements regarding controls over appropriated funds and did not follow numerous...
Rebuilding the Bank Insurance Fund
T-GGD-91-25: Published: Apr 26, 1991. Publicly Released: Apr 26, 1991.
GAO discussed the preliminary results of its audit of the Bank Insurance Fund's 1990 financial statements and its views on how best to meet the Fund's financial needs. GAO noted that: (1) after paying for about 600 failed banks over 3 years, the Fund's estimated reserves as of December 31, 1990, totalled about $5 billion, representing about .26 percent of insured deposits; (2) the Administration's...
Customs Automation: Progress Made, More Expected in Revenue Reconciliation Process
IMTEC-91-27: Published: Mar 7, 1991. Publicly Released: Apr 9, 1991.
Pursuant to a congressional request, GAO reviewed the U.S. Customs Service's actions to address internal control weaknesses in reconciling collections with bank deposits.GAO found that: (1) Customs reconciled about $45.3 million of a $53.5-million discrepancy GAO previously identified between its reported collections and deposits by either locating previously unrecorded deposit confirmations or ob...
Financial Audit: Resolution Funding Corporation's 1989 Financial Statements
AFMD-91-49: Published: Apr 2, 1991. Publicly Released: Apr 2, 1991.
GAO examined the Resolution Funding Corporation's financial statements for the fiscal year December 31, 1989.GAO found that: (1) the Funding Corporation's $4 billion deficit represented the difference between the actual cost and ultimate maturity value of its investment in certain Department of the Treasury securities; (2) the deficit would be eliminated over time as the securities matured; (3) as...
Inter-American Development Bank: Efforts to Improve Procurement Procedures
NSIAD-91-126: Published: Mar 14, 1991. Publicly Released: Mar 20, 1991.
Pursuant to a congressional request, GAO reviewed the Inter-American Development Bank's procurement practices, focusing on: (1) its procurement policies and procedures; (2) its studies regarding its procurement policies and procedures; and (3) whether the U.S. government was aware of any procurement problems within the Bank, and if so, its efforts to bring about any needed reforms.GAO found that:...