Banking (71 - 75 of 75 items)
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...
Formal Supervisory Process for Savings and Loan Associations Should Be Strengthened
GGD-81-91: Published: Sep 17, 1981. Publicly Released: Sep 17, 1981.
GAO assessed the ability of the Federal Home Loan Bank Board (FHLBB) to examine and supervise members of the savings and loan industry. The effectiveness of the Board's supervision of savings and loan associations is extremely critical at this time since many industry members are experiencing financial difficulties.Despite the increase in the number of savings and loan associations that are of sup...
The Federal Structure for Examining Financial Institutions Can Be Improved
GGD-81-21: Published: Apr 24, 1981. Publicly Released: Apr 24, 1981.
Congress took a giant step to improve coordination among federal regulators by establishing the Federal Financial Institutions Examination Council. GAO reviewed the field office structure of the bank regulatory agencies to determine if there were inherent problems with each agency having its own national network of examiners.GAO identified problems with the present field office structure which inc...
The Federal Reserve Should Assure Compliance With the 1970 Bank Holding Company Act Amendments
GGD-80-21: Published: Mar 12, 1980. Publicly Released: Mar 12, 1980.
Major bank and bank holding company legislation since 1933 clearly demonstrates congressional intent that banking businesses be separate from nonbanking businesses. Bank holding companies control banks but also engage in certain nonbanking activities. With enactment of the Bank Holding Company Act in 1956, and its amendments in 1966 and 1970, the Congress defined the term "bank holding company" an...
Federal Supervision of Bank Holding Companies Needs Better, More Formalized Coordination
GGD-80-20: Published: Feb 12, 1980. Publicly Released: Feb 12, 1980.
Bank holding companies control banks with three-fourths of the Nation's assets. In the past holding company affiliations have contributed to some bank failures. Current Federal laws divide the authority for supervising holding companies and their subsidiary banks among three Federal agencies hindering the agencies' abilities to effectively supervise these financial institutions. The Comptroller of...