Banking (41 - 50 of 93 items)
Federal Reserve Board: Merger Process Needs Guidelines for Community Reinvestment Issues
GGD-99-180: Published: Sep 24, 1999. Publicly Released: Sep 24, 1999.
Pursuant to a congressional request, GAO reviewed large bank holding company mergers and the impact of such mergers on low- and moderate-income (LMI) areas, focusing on: (1) the Federal Reserve Board's (FRB) legal responsibilities in assessing Bank Holding Company Act of 1956 (BHC) mergers for Community Reinvestment Act of 1977 (CRA) performance; (2) FRB's process for assessing the CRA performance...
Federal Housing Finance Board: Actions Needed to Improve Regulatory Oversight
GGD-98-203: Published: Sep 18, 1998. Publicly Released: Sep 18, 1998.
Pursuant to a congressional request, GAO reviewed the Federal Housing Finance Board's (FHFB) safety and soundness and mission compliance oversight, focusing on evaluating: (1) FHFB's annual safety and soundness and mission compliance examinations of the Federal Home Loan Banks (FHLBanks); (2) other aspects of FHFB's oversight; and (3) the status of FHFB's involvement in the Federal Home Loan Bank...
Year 2000 Computing Crisis: Federal Reserve Is Acting to Ensure Financial Institutions Are Fixing Systems, But Challenges Remain
AIMD-98-248: Published: Sep 17, 1998. Publicly Released: Sep 17, 1998.
Pursuant to a congressional request, GAO evaluated the Federal Reserve System's (FRS) efforts to oversee that the 1,618 financial institutions it supervises successfully address the year 2000 computer problem.GAO noted that: (1) FRS has been taking the year 2000 problem very seriously, devoting considerable resources and effort to ensure that the institutions it oversees mitigate year 2000 risks;...
Securities Market Operations: The Effects of SOES on the Nasdaq Market
GGD-98-194: Published: Aug 31, 1998. Publicly Released: Aug 31, 1998.
Pursuant to a congressional request, GAO provided information on the Small Order Execution System (SOES) and its effects on the Nasdaq Stock Market, focusing on the: (1) extent to which SOES is being used for its intended purpose; (2) effects of SOES on the marketplace; (3) results of attempts to limit trading on SOES or replace SOES; and (4) effects of recent market developments and proposals aff...
Year 2000 Computing Crisis: Federal Deposit Insurance Corporation's Efforts to Ensure Bank Systems Are Year 2000 Compliant
T-AIMD-98-73: Published: Feb 10, 1998. Publicly Released: Feb 10, 1998.
Pursuant to a congressional request, GAO discussed the progress being made by the Federal Deposit Insurance Corporation (FDIC) in ensuring that the thousands of banks it oversees are ready to handle the year 2000 computer conversion challenge.GAO noted that: (1) the year 2000 problem poses a serious dilemma for banks due to their heavy reliance on information systems; (2) it also poses a challenge...
Foreign Banks: Opportunities Exist to Enhance Supervision Program as Implementation Proceeds
GGD-97-80: Published: May 9, 1997. Publicly Released: May 9, 1997.
Pursuant to a congressional request, GAO provided information on the oversight of the U.S. operations of foreign banking organizations (FBO), focusing on the: (1) FBO program; and (2) banking supervisors' progress in implementing this program.GAO noted that: (1) the FBO Program focuses on integrating into supervisory procedures a common understanding of a given FBO in its entirety, including polic...
Bank Oversight Structure: U.S. and Foreign Experience May Offer Lessons for Modernizing U.S. Structure
GGD-97-23: Published: Nov 20, 1996. Publicly Released: Nov 20, 1996.
Pursuant to a congressional request, GAO reviewed its previous work on the structure and operations of bank oversight in five countries, focusing on: (1) aspects of those systems that may be useful for Congress to consider in any future modernization efforts; (2) perceived problems with federal bank oversight in the United States; and (3) principles for modernizing the U.S. federal bank oversight...
Federal Reserve System: Current and Future Challenges Require Systemwide Attention
T-GGD-96-159: Published: Jul 26, 1996. Publicly Released: Jul 26, 1996.
GAO discussed the Federal Reserve System's major operational activities and expenses. GAO noted that: (1) in 1994, about 70 percent of the Federal Reserve's operating costs were for payment system and other financial services to financial institutions and government agencies, 20 percent were for regulatory activities, and 10 percent were for monetary policy activities; (2) employees' pay and benef...
Bank Oversight: Fundamental Principles for Modernizing the U.S. Structure
T-GGD-96-117: Published: May 2, 1996. Publicly Released: May 2, 1996.
GAO discussed efforts to modernize the U.S. federal bank oversight structure, focusing on: (1) how the U.S. oversight structure compares with five other industrialized countries; and (2) whether these countries' structures can be used to assist U.S. reform. GAO noted that: (1) U.S. structural reform should include a more consolidated and comprehensive oversight of companies owning federally insure...
Bank Mutual Funds: Sales Practices and Regulatory Issues
GGD-95-210: Published: Sep 27, 1995. Publicly Released: Oct 27, 1995.
Pursuant to congressional requests, GAO reviewed bank and thrift sales of mutual funds, focusing on: (1) the extent and nature of bank and thrift mutual fund sales activities; (2) banks' and thrifts' disclosure of their mutual fund sales practices; and (3) the regulatory framework for overseeing bank and thrift mutual fund operations.GAO found that: (1) as of the end of 1993, about 2,300 banks and...