Banking (61 - 70 of 75 items)
Thrift Failures: Costly Failures Resulted From Regulatory Violations and Unsafe Practices
AFMD-89-62: Published: Jun 16, 1989. Publicly Released: Jun 16, 1989.
GAO reviewed the Federal Savings and Loan Corporation's (FSLIC) activities to: (1) identify the common characteristics of the most costly failed thrifts, focusing on violations of federal laws or regulations, related unsafe practices, and fraud and insider abuse; (2) compare and contrast the characteristics with solvent thrifts; and (3) identify the impact of deregulation, regional or local econom...
Bank Failures: Independent Audits Needed to Strengthen Internal Control and Bank Management
AFMD-89-25: Published: May 31, 1989. Publicly Released: May 31, 1989.
GAO reviewed recent bank failures, focusing on: (1) the internal weaknesses and environmental factors which examiners cited for insured banks that failed in 1987; (2) the extent to which insider abuse and fraud affected the same failed banks; and (3) potential areas of concern which could be used for congressional oversight and policy deliberation, federal bank examination and supervision, bank ma...
Troubled Financial Institutions: Solutions to the Thrift Industry Problem
GGD-89-47: Published: Feb 21, 1989. Publicly Released: Feb 21, 1989.
In response to a congressional request, GAO discussed: (1) the benefits and disadvantages of merging the Federal Deposit Insurance Corporation (FDIC) and the Federal Savings and Loan Insurance Corporation (FSLIC); and (2) actions needed to restore the deposit system's financial health.GAO believes that: (1) the current strategy for resolving insolvent institutions is costly and does not consider t...
Issues Involving FHLBB Accountability and Control Policies
AFMD-88-57: Published: May 20, 1988. Publicly Released: May 20, 1988.
GAO reviewed the Federal Savings and Loan Insurance Corporation's (FSLIC) financial policies.GAO found that: (1) although FSLIC began a policy of issuing notes in connection with many of its resolution actions, there were few controls over the total amount of notes it could issue or the resultant commitment of federal money; (2) FSLIC has also begun to issue more substantial amounts of long-term y...
International Banking: Supervision of Overseas Lending Is Inadequate
NSIAD-88-87: Published: May 5, 1988. Publicly Released: May 12, 1988.
Pursuant to a congressional request, GAO assessed the Department of the Treasury's Office of the Comptroller of the Currency's (OCC), the Federal Reserve System's (FRS), and the Federal Deposit Insurance Corporation's (FDIC) supervision of U.S. banks' international lending, focusing on the agencies': (1) compliance with the International Lending Supervision Act of 1983; and (2) actions in response...
Bank Powers: Issues Related to Repeal of the Glass-Steagall Act
GGD-88-37: Published: Jan 22, 1988. Publicly Released: Feb 12, 1988.
In response to a congressional request, GAO provided information on issues concerning the expansion of banks' securities powers through repeal of the Banking Act of 1933 (Glass-Steagall) and the ramifications of eliminating or extending the moratorium on expansion of bank powers.GAO found that repeal of the act could: (1) benefit consumers in terms of lower prices and better services; and (2) crea...
International Banking: U.S. Banking Supervision and International Supervisory Principles
NSIAD-86-93: Published: Jul 25, 1986. Publicly Released: Jul 25, 1986.
GAO identified the extent to which the U.S. bank regulatory agencies' regulations, policies, and procedures are consistent with the Basle Committee's principles. The Committee, which consists of the United States and 11 other countries, agrees on principles designed to ensure adequate supervision of international banking.GAO found that the banking supervision principles that federal bank regulator...
Supervisory Examinations of International Banking Facilities Need To Be Improved
GGD-84-65: Published: Sep 20, 1984. Publicly Released: Sep 20, 1984.
GAO reviewed examinations of international banking facilities (IBF) conducted by federal bank regulatory agencies to determine if the examinations are adequate to ensure compliance with restrictions imposed on IBF activities. The group of regulatory agencies is comprised of the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), and the Federal Reserv...
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...
Information About Depository Institutions' Ancillary Activities Is Not Adequate for Policy Purposes
GGD-82-57: Published: Jun 1, 1982. Publicly Released: Jun 1, 1982.
GAO reviewed the adequacy of information on the ancillary activities of the Nation's banks, savings and loan associations and their related holding companies, and on commercial firms' growing involvement in traditional banking activities. U.S. banking policy and regulations have long maintained a separation of banking and commerce. However, in recent years a number of changes have blurred the dist...