Banking regulation (81 - 90 of 92 items)
[The Regulation of International Banks: Problems and Promises]
136253: Apr 25, 1988
GAO discussed the changing financial services environment's impact on international bank regulation and the irrelevance of traditional banking boundaries. GAO noted that the current progressive deregulation of banking activities could create an environment: (1) which would allow any financial institution to trade any product or compete in any part of the financial sector; and (2) with larger risks...
Financial Audit: Federal Deposit Insurance Corporation's 1987 and 1986 Financial Statements
AFMD-88-43: Published: Apr 22, 1988. Publicly Released: Apr 22, 1988.
GAO examined the financial statements of the Federal Deposit Insurance Corporation (FDIC) for the years ended December 31, 1987 and 1986.GAO found that FDIC: (1) substantially increased its expenditures for assistance and regulatory actions due to an increase in bank failures and problem banks and the less-developed countries' difficulties in repaying loans; and (2) anticipates that it may incur a...
Using 'Firewalls' in a Post Glass-Steagall Banking Environment
T-GGD-88-25: Published: Apr 13, 1988. Publicly Released: Apr 13, 1988.
Pursuant to a congressional request, GAO discussed the use of "firewalls," legal and regulatory measures that separate a company's banking and nonbanking activities, in the event of repeal or relaxation of the Banking Act of 1933. GAO noted that firewalls protect bank safety and prevent conflict-of-interest abuses by promoting: (1) legal separation so that banks are not legally liable for their af...
Bank Powers: Issues Related to Repeal of the Glass-Steagall Act
GGD-88-37: Published: Jan 22, 1988. Publicly Released: Feb 12, 1988.
In response to a congressional request, GAO provided information on issues concerning the expansion of banks' securities powers through repeal of the Banking Act of 1933 (Glass-Steagall) and the ramifications of eliminating or extending the moratorium on expansion of bank powers.GAO found that repeal of the act could: (1) benefit consumers in terms of lower prices and better services; and (2) crea...
The Federal Savings and Loan Insurance Corporation--Financial Condition and Recapitalization Issues
T-AFMD-87-4: Published: Mar 3, 1987. Publicly Released: Mar 3, 1987.
GAO discussed: (1) a proposed Federal Savings and Loan Insurance Corporation (FSLIC) recapitalization act; and (2) the financial health of FSLIC and savings and loan institutions (S&L). GAO noted that: (1) from 1981 to 1986, 211 S&L failed, and the number of insolvent S&L increased from 16 to 44; (2) 15 percent of current FSLIC-insured S&L are insolvent and 20 percent are unprofitable; (3) diversi...
Thrift Industry: The Treasury/Federal Home Loan Bank Board Plan for FSLIC Recapitalization
GGD-87-46BR: Published: Mar 3, 1987. Publicly Released: Mar 3, 1987.
Pursuant to a congressional request, GAO discussed the need for a recapitalization of the Federal Savings and Loan Insurance Corporation (FSLIC) and analyzed a recapitalization plan that the Department of the Treasury and the Federal Home Loan Bank Board (FHLBB) proposed.GAO found that FSLIC is in dire need of recapitalization because: (1) its primary reserves have fallen below $2 billion; (2) it...
Views on the Federal Rescue of the Continental Illinois National Bank and Trust Co.
125842: Dec 14, 1984
GAO discussed the federal financial rescue of the Continental Illinois Bank and Trust Company, focusing on: (1) comparing the rescue of Continental Illinois to federal financial rescues of other large municipalities and firms; and (2) the implications of the rescue for the future of bank regulation. GAO stated that the rescue of Continental Illinois conformed with GAO guidelines for financial assi...
Changes in the Financial Services Industry and Their Impact on Federal Regulation
121656: Jun 16, 1983
GAO discussed how the financial services industry is changing and what the government's role with respect to those changes should be. The changes occurring are the latest events in the historical development of the financial services industry. Congress designed the legislation of the 1930's for a financial system which, in one important respect, differs from today's system. The basic deposit insur...
Comptroller of the Currency Needs Authority To Dispose of Property Remaining From Failed National Banks
GGD-81-94: Published: Sep 25, 1981. Publicly Released: Sep 25, 1981.
GAO examined the management by the Office of the Comptroller of the Currency (OCC) of property remaining from closed receiverships of national banks which became insolvent prior to the assumption of responsibility by the Federal Deposit Insurance Corporation for liquidating failed national banks in 1934. The property has been in the custody of OCC for many years. During the past 20 years, no one h...
An Economic Overview of Bank Solvency Regulation
PAD-81-25: Published: Feb 13, 1981. Publicly Released: Mar 18, 1981.
GAO examined the objectives, costs, and benefits of solvency regulation of financial institutions. It focused on the relationship of solvency regulation to the existing system of deposit insurance. It discussed the benefits and costs of various rules and regulations imposed to maintain bank solvency and reviewed possible alterations in the current regulatory and insurance systems.Federal agencies...