Bank management (71 - 80 of 252 items)
Differences in Screening Bank Executives
GGD-95-181R: Published: Aug 17, 1995. Publicly Released: Aug 17, 1995.
GAO examined federal financial regulators' practices for screening applicants for director and senior bank executive positions under section 32 of the Federal Deposit Insurance Act. GAO noted that: (1) the Federal Reserve Board (FRB) requires applicants to fill out a 3-page questionnaire, while the Office of the Comptroller of the Currency (OCC) requires applicants to submit a 15-page biographical...
Inspectors General: Mandated Studies to Review Costly Bank and Thrift Failures
GGD-95-126: Published: Jul 31, 1995. Publicly Released: Jul 31, 1995.
Pursuant to a legislative requirement, GAO: (1) assessed the preparations, procedures, and audit guidelines that certain Inspectors General (IG) have established for material loss reviews (MLR); (2) verified the information contained in the MLR reports; (3) recommended improvements in bank supervision based on MLR reports issued between July 1, 1993, and June 30, 1994; and (4) assessed the economy...
1993 Bank Resolutions: FDIC Further Improved Its Resolution Process
GGD-95-118: Published: Jun 9, 1995. Publicly Released: Jun 9, 1995.
Pursuant to a legislative requirement, GAO reviewed the Federal Deposit Insurance Corporation's (FDIC) compliance with the Federal Deposit Insurance Corporation Improvement Act's (FDICIA) least-cost provisions for resolving troubled depository institutions.GAO found that: (1) FDIC has improved its resolution process and consistently makes decisions based on the least costly resolution alternatives...
Multilateral Development: World Bank Reforms on Schedule But Difficult Work Remains
NSIAD-95-131BR: Published: Apr 5, 1995. Publicly Released: Apr 5, 1995.
Pursuant to a congressional request, GAO reviewed the World Bank's efforts to carry out a plan of action to remedy the growing number of unsatisfactory projects the Bank finances and reorient it to the core mission of reducing poverty through sustainable development, focusing on the plan's 12 key tasks related to: (1) country assistance strategies and portfolio reviews; (2) the independent inspect...
Financial Audit: Federal Deposit Insurance Corporation's 1994 and 1993 Financial Statements
AIMD-95-102: Published: Mar 31, 1995. Publicly Released: Mar 31, 1995.
GAO audited the financial statements of the Bank Insurance Fund (BIF), the Savings Association Insurance Fund (SAIF), and the Federal Savings and Loan Insurance Corporation Resolution Fund for the years ended December 31, 1993 and 1994.GAO found that: (1) the financial statements were reliable in all material respects and presented fairly the funds' financial position and results of operations and...
Trust Assets: Investment of Trust Assets in Bank Proprietary Mutual Funds
GGD-95-21: Published: Mar 16, 1995. Publicly Released: Mar 16, 1995.
Pursuant to a congressional request, GAO provided information on the extent to which banks have invested trust assets into proprietary mutual funds, focusing on: (1) the disclosure and consent requirements that apply when trust assets are invested into these funds; (2) whether double fees on invested trust assets are legal; and (3) the regulatory controls that prevent banks from acting in their ow...
Failing Banks: Lessons Learned from Resolving First City Bancorporation of Texas
GGD-95-37: Published: Mar 15, 1995. Publicly Released: Mar 15, 1995.
Pursuant to a congressional request, GAO reviewed the Federal Deposit Insurance Corporation's (FDIC) resolution of the First City Bancorporation of Texas, focusing on: (1) why FDIC decided to resolve the corporation by providing financial assistance instead of using other available resolution alternatives; and (2) the additional cost to the Bank Insurance Fund (BIF) as a result of the resolution.G...
National Consumer Cooperative Bank: Oversight Adequate But Federal Loan Repayment Needs Monitoring
GGD-95-63: Published: Feb 24, 1995. Publicly Released: Feb 24, 1995.
Pursuant to a congressional request, GAO reviewed the safety and soundness of the National Consumer Cooperative Bank (NCB), focusing on whether NCB is: (1) fiscally sound; and (2) able to repay its debt to the Department of the Treasury.GAO found that: (1) NCB is a private, cooperatively-owned financial institution with limited ties to the government; (2) although NCB is overseen by the Farm Credi...
Bank Regulatory Structure: The United Kingdom
GGD-95-38: Published: Dec 29, 1994. Publicly Released: Jan 31, 1995.
Pursuant to a congressional request, GAO reviewed the structure and operations of the Bank of England, the United Kingdom's banking regulatory agency.GAO found that: (1) the Bank is recognized as the primary regulator and sole supervisor of authorized banks in the United Kingdom; (2) the Bank's primary purpose is to protect the interests of depositors; (3) the Bank has the authority to examine and...
Interstate Banking: Experiences in Three Western States
GGD-95-35: Published: Dec 30, 1994. Publicly Released: Dec 30, 1994.
Pursuant to a congressional request, GAO reviewed three states' experiences with interstate banking deregulation.GAO found that: (1) geographic banking deregulation has not resulted in significant consolidation in the banking industry; (2) the banking industry in the three states reviewed is already highly concentrated; (3) the large banks' experiences with geographic deregulation have been mixed;...