Bank management (41 - 50 of 252 items)
Federal Reserve System: Update on GAO's 1996 Recommendations
GAO-02-774: Published: Sep 25, 2002. Publicly Released: Oct 25, 2002.
In a 1996 report, GAO made a number of recommendations to the Board of Governors of the Federal Reserve System for reducing spending and improving the operations of the Federal Reserve System (Federal Reserve). The Federal Reserve has taken actions responsive to most of the 1996 report's recommendations. The Federal Reserve has retained its structure but has sought to consolidate operations and br...
Bank Regulation: Analysis of the Failure of Superior Bank, FSB, Hinsdale, Illinois
GAO-02-419T: Published: Feb 7, 2002. Publicly Released: Feb 7, 2002.
The Federal Deposit Insurance Corporation (FDIC) has projected that the failure of Superior Bank could cost the deposit insurance fund as much as $526 million. A major reason for the failure was Superior Bank's business strategy of originating and securing subprime loans on a large scale. In addition to the concentration in risky assets, the bank did not properly value and account for the interest...
Federal Reserve System: Mandated Report on Potential Conflicts of Interest
GAO-01-160: Published: Nov 13, 2000. Publicly Released: Nov 13, 2000.
The Federal Reserve System plays multiple roles in the payments system by virtue of its status as central bank, banking industry regulator, and payments service provider. Where these roles overlap, conflict, or potentially complement one another inappropriately, the Federal Reserve is faced with the challenge of managing or separating them in such a way as to ensure that it is fulfilling each role...
World Bank: Management Controls Stronger, but Challenges in Fighting Corruption Remain
NSIAD-00-73: Published: Apr 6, 2000. Publicly Released: Apr 6, 2000.
Pursuant to a legislative requirement, GAO provided information on the World Bank's management controls.GAO noted that: (1) in its efforts to address corruption concerns, the Bank has undertaken an ambitious and systematic effort to identify and correct key weaknesses in its system of management controls; (2) the Bank has made significant progress in meeting each of the five standards of an effect...
World Bank: Status of Grievance Process Reform
NSIAD-99-96: Published: May 13, 1999. Publicly Released: May 13, 1999.
Pursuant to a congressional request, GAO provided information on the World Bank's efforts to reform its employee grievance process, focusing on: (1) the Grievance Process Review Committee's principal findings and recommendations to make the system more fair and credible and steps the Bank plans to take to implement these recommendations; and (2) key issues that Bank management will face as it move...
The Results Act: Observations on OTS' Annual Performance Plan
GGD-98-191R: Published: Sep 29, 1998. Publicly Released: Sep 29, 1998.
Pursuant to a congressional request, GAO provided information on the Office of Thrift Supervision's (OTS) annual performance plan for calendar year 1998 submitted to Congress to meet the requirements of the Government Performance and Results Act of 1993.GAO noted that: (1) OTS' performance plan is a good early effort in preparing a plan that incorporates the basic elements required by the Results...
Financial Institutions and Markets Issue Area Plan for Fiscal Years 1999-2001
IAP-98-22: Published: Sep 1, 1998. Publicly Released: Sep 1, 1998.
GAO presented its Financial Institutions and Markets issue area plan for fiscal years 1999-2001.GAO plans to assess the: (1) regulatory framework for ensuring financial system integrity and the government's role in fostering an efficient financial services industry and competitive financial markets; (2) oversight of listing procedures by self-regulatory organizations, banks' experience in implemen...
Financial Institutions and Markets Issue Area: Active Assignments
AA-98-6(3): Published: Aug 1, 1998. Publicly Released: Aug 1, 1998.
GAO provided information on its active assignments in the Financial Institutions and Markets issue area as of August 17, 1998...
Bank Supervision: Closure of the Rushville National Bank
GGD-98-80: Published: Jun 15, 1998. Publicly Released: Jun 15, 1998.
Pursuant to a congressional request, GAO reviewed the events leading up to the 1992 closure of the Rushville National Bank by the Office of the Comptroller of the Currency (OCC), focusing on whether OCC followed its policies and procedures in its: (1) net worth calculation and loan classifications, which led to Rushville's being declared insolvent; (2) decision to close the bank before implementat...