Bank management (111 - 120 of 252 items)
Banks: Call Report Automation
IMTEC-92-60R: Published: May 28, 1992. Publicly Released: May 28, 1992.
Pursuant to a congressional request, GAO examined banks' call-report systems to determine whether they were using automation to make call reports available to bank regulators and the public. GAO found that: (1) by reducing call report processing time with electronic systems, federal regulators could obtain vital financial indicator information quickly, which would help to minimize Bank Insurance F...
Failed Thrift: Lengthy Government Control of Sunbelt Savings Bank
GGD-92-82: Published: Apr 28, 1992. Publicly Released: Apr 28, 1992.
Pursuant to a congressional request, GAO reviewed: (1) why a federal savings bank has remained under government control since August 1988; and (2) the costs and benefits of this control.GAO found that: (1) the Federal Savings and Loan Insurance Corporation (FSLIC) did not resolve the eight thrifts subsequently consolidated as the bank because no eligible acquirer came forward and FSLIC did not hav...
Securities Markets: Challenges to Harmonizing International Capital Standards Remain
GGD-92-41: Published: Mar 10, 1992. Publicly Released: Mar 10, 1992.
GAO reported on international efforts to harmonize capital standards for securities firms and for banks' securities activities, focusing on the implications of those harmonization efforts for U.S. capital standards.GAO found that: (1) securities market regulators in such major markets as Japan, the United States, and the United Kingdom generally support efforts to harmonize capital standards; (2)...
Resolution Trust Corporation: Performance Assessment for 1991
T-GGD-92-14: Published: Feb 26, 1992. Publicly Released: Feb 26, 1992.
GAO discussed the Resolution Trust Corporation's (RTC): (1) progress in resolving failed or problem thrifts; and (2) funding needs. GAO noted that: (1) Congress took several legislative actions to strengthen and improve RTC operations, including management reform initiatives and reporting requirements; (2) RTC continues to make good progress in resolving thrifts and selling certain assets, and by...
Office of Thrift Supervision: Stronger System Controls Needed to Prevent Call Report Delays
IMTEC-92-22: Published: Feb 14, 1992. Publicly Released: Feb 14, 1992.
Pursuant to a congressional request, GAO reviewed the Office of Thrift Supervision's (OTS) delay in issuing quarterly data on thrifts' operating conditions, focusing on the: (1) cause and extent of the delay; and (2) adequacy of OTS steps to correct the problem.GAO found that: (1) during the processing of thrifts' call report data for the quarter ending September 30, 1990, a contractor experienced...
Bank and Thrift Fraud: Overview of the Federal Government's Response
T-GGD-92-12: Published: Feb 6, 1992. Publicly Released: Feb 6, 1992.
GAO discussed: (1) the role of the Department of Justice's (DOJ) Special Counsel for Financial Institution Fraud; and (2) resources allocated for investigation and prosecution of financial institution fraud. GAO noted that: (1) Congress provided DOJ with significant additional powers and resources to address the savings and loan crisis, and the work load associated with that mandate continues to g...
Corporate Accountability: A Time for Reform
147444: Jan 23, 1992
GAO discussed legislation Congress passed providing $70 billion in loans to shore up the Federal Deposit Insurance Corporation's Bank Insurance Fund. GAO noted that: (1) the legislation requires federal bank regulators to more timely deal with problem banks before they deplete bank capital; (2) real corporate accountability is impossible without a board of directors that is independent of manageme...
Bank Supervision: Observations on the National Bank and Thrift Examiners' Conference
T-GGD-92-10: Published: Jan 3, 1992. Publicly Released: Jan 3, 1992.
GAO discussed the National Bank and Thrift Examiners' conference, focusing on an interagency policy statement regarding commercial real estate loan classification and review. GAO noted that: (1) the policy statement is not consistent with the objectives of recently passed bank reform legislation; (2) the conference urged bank examiners to utilize a broader view of the prospects for commercial real...
A Nonbanker's Perspective on Banking Reform
147032: Jan 1, 1992
This article, which appeared in the GAO Journal, No. 15, Spring/Summer 1992, discusses principles that policymakers should keep in mind as they consider banking regulation reforms, focusing on: (1) increasing protection of taxpayers and depositors by reducing risks; (2) the changing dynamics of the global economy and the development of markets to offer needed services; and (3) equitable treatment,...
Commercial Banking in the United States: A Look Back and a Look Ahead
147029: Jan 1, 1992
This article, which appeared in the GAO Journal, No. 15, Spring/Summer 1992, discusses: (1) the U.S. banking industry's attempts to address trends that weakened the U.S. banking system during the 1980s, including high inflation rates, asset quality problems, rapidly rising operating costs, weakened capital, and an unrealistic market structure; and (2) issues that still require the banking industry...