Banking law (61 - 67 of 67 items)
The Federal Reserve Should Move Faster To Eliminate Subsidy of Check Clearing Operations
GGD-82-22: Published: May 7, 1982. Publicly Released: May 7, 1982.
GAO undertook a study to determine whether the Federal Reserve System's implementation of pricing for check clearing and automated clearinghouse services had achieved its objective of pricing services without subsidy in a timely manner.The Federal Reserve System clears about 40 percent of all checks written in the United States. In 1980, the Federal Reserve spent almost $280 million clearing about...
Issues To Be Considered While Debating Interstate Bank Branching
GGD-82-36: Published: Apr 9, 1982. Publicly Released: Apr 9, 1982.
GAO reviewed the Federal bank regulators' processing of commercial banks' applications to establish branches.GAO found that intrastate branching of national and State banks is essentially a State law matter. The Federal and State laws combine to limit branching within a State's boundaries. Assuming that any adopted form of interstate branching would involve some sort of Federal regulatory review,...
Despite Recent Improvements, Bank Supervision Could Be More Effective and Less Burdensome
GGD-82-21: Published: Feb 26, 1982. Publicly Released: Feb 26, 1982.
GAO evaluated changes made in the supervision of banks since the 1976 study by its Task Force on Federal Supervision of Banks.Federal bank regulatory agencies have improved bank safety supervision. They have used new laws, procedures, and systems to gather data more efficiently, identify bank problems, and effect solutions to those problems. However, Congress and the regulatory agencies need to re...
H.R. 2176, a Bill to Amend the Accounting and Auditing Act of 1950 to Provide for the Audit of the Federal Reserve Board and Banks, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency
100319: Mar 2, 1977
H.R. 2176 provides for GAO auditing of the three independent banking institutions; an act long advocated by GAO. Because of objections raised by the institutions concerning the possibility of such an audit hampering their independence, GAO has suggested several restrictions on its authority. It will not object to being restricted from making recommendations on the economic effects of open market a...
Study on Federal Supervision of State and National Banks
100317: Feb 1, 1977
Several congressional committees requested evaluation of the effectiveness of the supervisory efforts of the three federal agencies involved in monitoring banking operations, because of the increasing instability of banks. The study objectives were to evaluate the agencies' efforts to identify unsound conditions and violations of laws in banks and cause bank management to take corrective actions....
Highlights of a Study of Federal Supervision of State and National Banks [Vol. I]
OCG-77-1A: Published: Jan 31, 1977. Publicly Released: Jan 31, 1977.
Several congressional committees requested the evaluation of the effectiveness of the supervisory efforts of the three federal agencies involved in monitoring banking operations, because of the increasing instability of banks. The study objectives were to evaluate the agencies' efforts to identify unsound conditions and violations of laws in banks and cause bank management to take corrective actio...