Banking (51 - 60 of 93 items)
Banks' Securities Activities: Oversight Differs Depending on Activity and Regulator
GGD-95-214: Published: Sep 21, 1995. Publicly Released: Sep 26, 1995.
Pursuant to a congressional request, GAO reviewed federal bank regulators' oversight of banks' securities activities, focusing on the: (1) extent to which banks provide securities brokerage services; (2) how those services are regulated; (3) results of Federal Reserve inspections of bank holding company subsidiaries authorized to underwrite and deal in securities; and (4) Federal Deposit Insurance...
National Consumer Cooperative Bank: Oversight Adequate But Federal Loan Repayment Needs Monitoring
GGD-95-63: Published: Feb 24, 1995. Publicly Released: Feb 24, 1995.
Pursuant to a congressional request, GAO reviewed the safety and soundness of the National Consumer Cooperative Bank (NCB), focusing on whether NCB is: (1) fiscally sound; and (2) able to repay its debt to the Department of the Treasury.GAO found that: (1) NCB is a private, cooperatively-owned financial institution with limited ties to the government; (2) although NCB is overseen by the Farm Credi...
Resolution Trust Corporation: Better Analyses Needed Before Terminating Asset Management Contracts
GGD-94-147: Published: Jul 8, 1994. Publicly Released: Jul 8, 1994.
GAO reviewed the Resolution Trust Corporation's (RTC) Accelerated Expiration Program procedures, focusing on whether the procedures ensured that Standard Asset Management and Disposition Agreement (SAMDA) contractors satisfactorily met their contractual obligations before their contracts expired.GAO found that: (1) RTC Accelerated Expiration Program procedures did not ensure that RTC made cost-eff...
1992 Thrift Resolutions: RTC Policies and Practices Did Not Fully Comply With Least-Cost Provisions
GGD-94-110: Published: Jun 17, 1994. Publicly Released: Jun 17, 1994.
Pursuant to a legislative requirement, GAO reviewed the Resolution Trust Corporation's (RTC) compliance with legislative requirements that it use the least costly method to resolve failed thrifts, focusing on: (1) 1992 RTC resolution policies and decisions, specifically its calculation and documentation of the costs of resolution alternatives; and (2) marketing aspects of the RTC resolution proces...
Bank and Thrift Regulation: Better Guidance Is Needed for Real Estate Evaluations
GGD-94-144: Published: May 24, 1994. Publicly Released: May 24, 1994.
Pursuant to a legislative requirement, GAO reviewed the de minimis appraisal threshold set by federal financial regulators and the regulatory guidance provided to financial institutions on real estate evaluation practices and examination procedures.GAO found that: (1) financial regulators do not provide adequate guidance to financial institutions for establishing minimum evaluation standards or sp...
1992 Bank Resolutions: FDIC Chose Methods Determined Least Costly, but Needs to Improve Process
GGD-94-107: Published: May 10, 1994. Publicly Released: May 10, 1994.
Pursuant to a legislative requirement, GAO reviewed the Federal Deposit Insurance Corporation's (FDIC): (1) compliance with the least-cost provisions of the Federal Deposit Insurance Act; and (2) resolution process.GAO found that: (1) FDIC generally complied with the cost calculation and documentation requirements for resolving failed thrifts; (2) FDIC procedures to estimate the net realizable val...
International Banking: Strengthening the Framework for Supervising International Banks
GGD-94-68: Published: Mar 21, 1994. Publicly Released: Mar 21, 1994.
GAO reviewed U.S. and international efforts to increase international coordination and improve the overall quality of international bank supervision, focusing on: (1) the Basle Committee's efforts to coordinate bank supervision; (2) the effectiveness of the Committee's approach and options to enhance its role in bank supervision; and (3) whether the Foreign Bank Supervision Enhancement Act can ser...
Financial Audit: Federal Deposit Insurance Corporation's Internal Controls as of December 31, 1992
AIMD-94-35: Published: Feb 4, 1994. Publicly Released: Feb 4, 1994.
Pursuant to a legislative requirement, GAO reviewed the Federal Deposit Insurance Corporation's (FDIC) system of internal accounting controls as of December 31, 1992, as part of its 1992 financial statement audits of the Bank Insurance Fund (BIF), the Savings Association Insurance Fund (SAIF), and the Federal Savings and Loan Insurance Corporation (FSLIC) Resolution Fund (FRF), to determine whethe...
Federal Home Loan Bank System: Reforms Needed to Promote Its Safety, Soundness, and Effectiveness
GGD-94-38: Published: Dec 8, 1993. Publicly Released: Dec 8, 1993.
Pursuant to a congressional request, GAO reviewed various aspects of the Federal Home Loan Bank (FHLBank) System, focusing on: (1) whether the FHLBank System can pay its assessments for affordable housing and help finance the savings and loan cleanup while carrying out its mission; (2) appropriate capital standards for the FHLBank System; (3) whether the terms of FHLBank membership should be chang...
Minority-Owned Financial Institutions: Status of Federal Efforts to Preserve Minority Ownership
GGD-94-1: Published: Nov 3, 1993. Publicly Released: Dec 2, 1993.
Pursuant to a congressional request, GAO reviewed the implementation of legislation that is designed to preserve minority ownership of financial institutions and assist minority-owned institutions and minority investors in acquiring failed institutions, focusing on: (1) Department of the Treasury, Federal Deposit Insurance Corporation (FDIC), Office of Thrift Supervision (OTS), and Resolution Trus...