Banking regulation (61 - 70 of 92 items)
Keeping an Eye on Government-Sponsored Enterprises
144267: Jan 1, 1991
This article, which appeared in the GAO Journal, No. 12, Spring 1991, discusses the type of oversight and regulation needed for government-sponsored enterprises (GSE), noting that: (1) GSE stand behind a huge amount of private debt, with 3 GSE guaranteeing over half a trillion dollars; (2) assessments of GSE financial condition typically assume that the government will bail out failing GSE, even t...
Comments on H.R. 5590: A Bill to Recapitalize the Bank Insurance Fund
T-GGD-90-64: Published: Sep 27, 1990. Publicly Released: Sep 27, 1990.
GAO discussed proposed legislation that would recapitalize the Bank Insurance Fund (BIF) by requiring banks to contribute 1 percent of their total deposits. GAO found that: (1) in the past 2 years, the Federal Deposit Insurance Corporation (FDIC) Fund lost about $5.1 billion and as a result, the ratio of insurance reserves to insured deposits fell to 0.7 percent, an all time low; (2) additional BI...
Deposit Insurance and Related Reforms
T-GGD-90-46: Published: Sep 19, 1990. Publicly Released: Sep 19, 1990.
GAO discussed deposit insurance reform. GAO noted that the current deposit insurance system is not the relatively and inexpensive proposition it appeared to be in the past because most of the characteristics which deflected risk away from the banks have been stripped away or significantly diminished due to advances in technology and other factors. GAO also noted that actions that could align the d...
Thrift Resolutions: Estimated Costs of FSLIC's 1988 and 1989 Assistance Agreements Subject to Change
AFMD-90-81: Published: Sep 13, 1990. Publicly Released: Sep 13, 1990.
Pursuant to a legislative requirement, GAO reported on the cost of the Federal Savings and Loan Insurance Corporation's (FSLIC) bank assistance agreements from January 1, 1988 through August 9, 1989.GAO found that: (1) FSLIC estimated the cost of 96 assistance agreements to be $61.9 billion, which was $5.1 billion less than the Federal Deposit Insurance Corporation's (FDIC) estimate of $67 billion...
Additional Reserves and Reforms Are Needed to Strengthen the Bank Insurance Fund
T-AFMD-90-28: Published: Sep 11, 1990. Publicly Released: Sep 11, 1990.
GAO discussed its audit of the Bank Insurance Fund's 1989 financial statements. GAO noted that: (1) over the last 2 years, the Fund balance decreased 28 percent, from $18.3 billion to $13.2 billion; (2) the Fund lost $4.2 billion in 1988 and $852 million in 1989; (3) the Federal Deposit Insurance Corporation (FDIC) believes that the Fund could suffer losses of $2 billion in 1990, due to the contin...
Failed Thrifts: FDIC Oversight of 1988 Deals Needs Improvement
GGD-90-93: Published: Jul 19, 1990. Publicly Released: Jul 19, 1990.
GAO reviewed all insolvent institutions resolved by the Federal Savings and Loan Insurance Corporation (FSLIC) from January 1, 1988 through August 9, 1989.GAO found that the Federal Deposit Insurance Corporation did not: (1) properly oversee the disposition of covered assets or manage FSLIC assistance agreements; (2) develop an overall strategy for dealing with covered asset dispositions or adopt...
Farm Credit: Basis for Decision Not to Assist Jackson Federal Land Bank
GGD-90-16: Published: Dec 13, 1989. Publicly Released: Dec 13, 1989.
Pursuant to a congressional request, GAO reviewed the Farm Credit System Assistance Board's (FCSAB) procedures in making its decision to recommend receivership for the Federal Land Bank of Jackson, Mississippi, rather than to provide it with viability assistance, focusing on: (1) the basis for the FCSAB decision to deny financial assistance; (2) whether the FCSAB analysis showed that receivership...
Thrift Industry: The Role of Federal Home Loan Bank Advances
GGD-89-123: Published: Sep 21, 1989. Publicly Released: Sep 21, 1989.
Pursuant to a congressional request, GAO analyzed certain aspects of the Federal Home Loan Banks' Advances Program, under which the 12 district banks made collateralized loans to member thrift institutions.GAO found that: (1) the asset portfolios of thrifts that heavily relied on advances were not very different from the asset portfolios of thrifts that only lightly depended on advances or did not...
Financial Condition of the Federal Deposit Insurance Corporation's Bank Insurance Fund
T-AFMD-89-15: Published: Sep 19, 1989. Publicly Released: Sep 19, 1989.
GAO discussed the financial condition of the Federal Deposit Insurance Corporation's (FDIC) Bank Insurance Fund. GAO noted that: (1) FDIC spent $7.3 billion during 1988 to assist record numbers of insolvent or barely solvent banks; (2) the fund incurred its first net loss, totalling $4.2 billion, in 1988, and also reduced its ratio of fund balance to insured deposits to 0.83, the lowest level ever...
Troubled Thrifts: Use of Supervisory Enforcement Actions
GGD-89-105BR: Published: Jul 19, 1989. Publicly Released: Jul 19, 1989.
Pursuant to a congressional request, GAO provided information on the Federal Home Loan Bank Board's (FHLBB) supervisory enforcement actions to prevent or correct targeted violations or unsafe or unsound practices.GAO found that FHLBB enforcement actions at 47 near-failing thrifts between January 1986 and December 1988 were not always effective in preventing or correcting violations or unsafe or un...