Federal corporations (41 - 50 of 59 items)
Resolving the Savings and Loan Crisis: Billions More and Additional Reforms Needed
T-AFMD-90-15: Published: Apr 6, 1990. Publicly Released: Apr 6, 1990.
GAO discussed the Federal Savings and Loan Corporation's (FSLIC) financial statements as of August, 1989, focusing on how much money would be needed to resolve the savings and loan crisis. GAO found that: (1) FSLIC needed $325 billion to pay off its obligations, resolve the problems of institutions awaiting resolution, pay interest on $30 billion in bonds, and pay some administrative expenses; (2)...
Failed Thrifts: Resolution Trust Corporation and 1988 Bank Board Resolution Actions
T-GGD-90-29: Published: Apr 2, 1990. Publicly Released: Apr 2, 1990.
GAO discussed the Resolution Trust Corporation's (RTC) resolution of insolvent thrifts. GAO noted that: (1) RTC had either sold or liquidated 52 thrifts and placed 350 thrifts in its conservatorship program as of March 21, 1990; (2) RTC expected to become responsible for resolving 558 to 628 institutions; (3) the pace and structure of RTC resolutions and its marketing and selection process represe...
Thrift Crisis: Strategic Plan for Resolution Trust Corporation and Management of FSLIC Deals
T-GGD-90-14: Published: Jan 25, 1990. Publicly Released: Jan 25, 1990.
GAO discussed its review of the: (1) Resolution Trust Corporation (RTC) Oversight Board's strategic plan for resolution of thrifts with appointed conservators or receivers; and (2) cost and management of the Federal Savings and Loan Insurance Corporation's (FSLIC) thrift resolutions that occurred between 1988 and the establishment of RTC. GAO noted that, although the strategic plan presented the B...
Resolution Trust Corporation Oversight Board: GAO Views on Strategic Planning Efforts
T-GGD-90-10: Published: Nov 6, 1989. Publicly Released: Nov 6, 1989.
GAO discussed the Resolution Trust Corporation (RTC) Oversight Board's draft strategic plan. GAO noted that the draft: (1) specified general program goals and all of the important policy areas for which RTC had to make decisions; (2) did not specify policies for resolving institutions, managing assets, and meeting other provisions of the law that established RTC; and (3) directed RTC to establish...
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...
Thrift Failures: Costly Failures Resulted From Regulatory Violations and Unsafe Practices
AFMD-89-62: Published: Jun 16, 1989. Publicly Released: Jun 16, 1989.
GAO reviewed the Federal Savings and Loan Corporation's (FSLIC) activities to: (1) identify the common characteristics of the most costly failed thrifts, focusing on violations of federal laws or regulations, related unsafe practices, and fraud and insider abuse; (2) compare and contrast the characteristics with solvent thrifts; and (3) identify the impact of deregulation, regional or local econom...
Troubled Thrifts: Bank Board Use of Enforcement Actions
GGD-89-68BR: Published: Apr 13, 1989. Publicly Released: May 5, 1989.
In response to a congressional request, GAO provided preliminary information from its assessment of the Federal Home Loan Bank Board's (FHLBB) enforcement actions against near-failing thrift institutions.GAO found that: (1) FHLBB took no formal enforcement action against over 50 percent of the 424 thrift institutions upon which it focused increased oversight; (2) FHLBB placed thrift institutions i...
Resolving the Savings and Loan Crisis
T-GGD-89-4: Published: Feb 2, 1989. Publicly Released: Feb 2, 1989.
GAO provided its view on how to resolve the savings and loan crisis. GAO found that, to protect the integrity of the deposit insurance system: (1) the Federal Savings and Loan Insurance Corporation (FSLIC) should be made independent of the Federal Home Loan Bank Board (FHLBB), with a separate board of directors to oversee two separate insurance funds for healthy and insolvent institutions; (2) the...