Banking law (51 - 60 of 67 items)
Expanded Powers for Banking Organizations
T-GGD-91-52: Published: Jul 10, 1991. Publicly Released: Jul 10, 1991.
GAO discussed its views on modernizing the U.S. financial system, focusing on issues related to: (1) expanding banking organizations' powers; and (2) commercial ownership of U.S. banks. GAO noted that: (1) while benefits may exist from allowing banking organizations to increase their activities, competitors and other forces in the market could impose risks that would exacerbate the industry's prob...
Resolving Large Bank Failures
T-GGD-91-27: Published: May 9, 1991. Publicly Released: May 9, 1991.
GAO discussed issues associated with resolving large bank failures. GAO noted that: (1) the problems and incentives associated with resolving large bank failures show the need for comprehensive reform of the deposit insurance and bank supervisory systems; (2) any attempts to increase depositor discipline must be preceded by other reforms to improve the safety and soundness of banking operations; a...
Lessons Learned From Recent U.S. Banking Experience
143801: May 3, 1991
GAO discussed the lessons Europeans could learn from recent U.S. banking experience to help prepare them for a more deregulated financial services market. GAO noted that: (1) since banks were likely to engage in more risky activities to make up for limited profits, the quality of supervision must be high to control excessive bank risk-taking and to reduce costly failures; (2) accurate information...
Deposit Insurance: A Strategy for Reform
T-GGD-91-12: Published: Mar 7, 1991. Publicly Released: Mar 7, 1991.
GAO discussed: (1) issues associated with reforming the federal deposit insurance system, focusing on whether such reforms will result in a more safe, sound, and stable banking industry; and (2) the comparison between its reform approach with that of the Department of the Treasury. GAO noted that its three-part reform program could change bank regulation and supervision and deposit insurance syste...
Deposit Insurance: A Strategy for Reform
GGD-91-26: Published: Mar 4, 1991. Publicly Released: Mar 4, 1991.
Pursuant to a legislative requirement, GAO reviewed issues associated with reforming the federal deposit insurance system, focusing on whether such reforms will result in a more safe, sound, and stable banking industry.GAO presented a comprehensive three-part reform program that could change the way banks are regulated and supervised, as well as the way the deposit insurance system functions, focu...
Bank Powers: Activities of Securities Subsidiaries of Bank Holding Companies
GGD-90-48: Published: Mar 14, 1990. Publicly Released: Mar 20, 1990.
Pursuant to a congressional request, GAO assessed so-called section 20 securities subsidiaries of bank holding companies.GAO found that: (1) in the third quarter of 1989, 13 section 20 firms underwrote about $69 billion in bank-ineligible securities, a 90-percent increase over the second quarter; (2) in the second quarter of 1989, section 20 firms accounted for about 7 percent of all revenue reali...
Activities of Securities Subsidiaries of Bank Holding Companies
T-GGD-90-21: Published: Mar 19, 1990. Publicly Released: Mar 19, 1990.
GAO discussed the Federal Reserve System's authorization of 21 bank holding companies and 5 foreign banks to expand their securities activities by establishing non-bank subsidiaries. GAO noted that the Federal Reserve needed to consider: (1) a controlled, phased approach to expanding securities activities to ensure sufficient regulation and oversight; (2) whether transferring securities activities...
Foreign Bank Activities in the United States and U.S. Bank Activities Overseas
B-172255: Published: Apr 26, 1979. Publicly Released: May 6, 1985.
This document discusses an upcoming GAO review of foreign bank activities in the United States and U.S. bank activities overseas, broken down into two reports. The needs of the congressional Subcommittee will be served by the following: one report on selected aspects of the request in August 1979 and a comprehensive report in February 1980. Information covered in the first report will include tren...
Federal Reserve Pricing of Its Check Clearing Services
122655: Jun 16, 1983
Testimony was given concerning the Federal Reserve System's pricing of check clearing and related services. GAO concluded in a prior report that, in establishing a system for pricing its services, the Federal Reserve System generally made reasonable judgments in exercising the wide discretion given to it by the Monetary Control Act. Since May 1982, the Federal Reserve System has taken three action...
Bank Merger Process Should Be Modernized and Simplified
GGD-82-53: Published: Aug 16, 1982. Publicly Released: Aug 16, 1982.
Because of recent increases in the number of bank mergers and the potential for further increases, GAO reviewed the federal laws and regulatory supervision for approving bank mergers.In acting on merger applications, federal and state agencies consider: (1) the financial condition of the applicant banks; (2) the character and experience of the management of the surviving bank; (3) whether the conv...