Banking (71 - 80 of 93 items)
Government-Sponsored Enterprises: Using Private Risk Ratings for Exemptions From Federal Regulations
GGD-92-10: Published: Nov 6, 1991. Publicly Released: Nov 6, 1991.
GAO compared the risk ratings of government-sponsored enterprises (GSE) done by bank regulators and nationally recognized statistical rating organizations (NRSRO).GAO found that: (1) although NRSRO ratings and banks' process of assessing capital, assets, management, earnings, and liquidity (CAMEL) to determine rate risks were similar, they differed often enough that one could not be readily substi...
Resolution Trust Corporation: Effectiveness of Auction Sales Should Be Demonstrated
GGD-92-7: Published: Oct 31, 1991. Publicly Released: Oct 31, 1991.
Pursuant to a congressional request, GAO provided information on the Resolution Trust Corporation's (RTC) national satellite auction, focusing on whether: (1) the auction program design was conceptually sound; and (2) auctions were a viable and effective method for selling real estate assets.GAO found that: (1) the RTC auction approach includes elements that should provide an adequate foundation f...
Resolution Trust Corporation: A More Flexible Contracting-Out Policy Is Needed
GGD-91-136: Published: Sep 18, 1991. Publicly Released: Sep 18, 1991.
Pursuant to a congressional request, GAO reviewed the Resolution Trust Corporation's (RTC) contracting procedures, focusing on whether RTC uses an approach that allows it to select between contractors and RTC staff for the most advantageous approach to handle asset management and disposition.GAO found that: (1) RTC does not justify decisions to hire private contractors based on comparison of in-ho...
Resolution Trust Corporation: Progress Under Way in Minority and Women Outreach Program for Outside Counsel
GGD-91-121: Published: Aug 30, 1991. Publicly Released: Aug 30, 1991.
Pursuant to a congressional request, GAO reviewed the Resolution Trust Corporation's (RTC) policies and processes for obtaining outside services through contracts and for including minority-owned and women-owned law firms in those opportunities, focusing on: (1) RTC progress in establishing, implementing, and overseeing its minority and women outreach program for outside counsel; (2) program short...
FDIC: Loan Sales Jeopardized by Systems and Other Internal Control Problems
IMTEC-91-61: Published: Aug 21, 1991. Publicly Released: Aug 21, 1991.
GAO provided information on loans purchased from the Federal Deposit Insurance Corporation (FDIC), focusing on whether: (1) the automated system used to account for the loans and provide information to investors accurately reflected information stored in the manual loan files; and (2) such manual loan files were accurate.GAO found that: (1) 23 of the 25 loans reviewed had serious errors in the man...
Government-Sponsored Enterprises: A Framework for Limiting the Government's Exposure to Risks
GGD-91-90: Published: May 22, 1991. Publicly Released: May 22, 1991.
Pursuant to a legislative requirement, GAO reviewed the risks undertaken by government-sponsored enterprises (GSE) in order to propose: (1) appropriate regulatory authorities for GSE federal regulators; (2) a regulatory structure to administer GSE oversight; and (3) capital standards to adequately protect the government's interest in GSE.GAO found that: (1) the Department of Housing and Urban Deve...
Deposit Insurance: A Strategy for Reform
GGD-91-26: Published: Mar 4, 1991. Publicly Released: Mar 4, 1991.
Pursuant to a legislative requirement, GAO reviewed issues associated with reforming the federal deposit insurance system, focusing on whether such reforms will result in a more safe, sound, and stable banking industry.GAO presented a comprehensive three-part reform program that could change the way banks are regulated and supervised, as well as the way the deposit insurance system functions, focu...
Failed Thrifts: Better Controls Needed Over Furniture, Fixtures, and Equipment
GGD-90-87: Published: May 25, 1990. Publicly Released: Jun 18, 1990.
Pursuant to a congressional request, GAO determined whether the Federal Savings and Loan Insurance Corporation (FSLIC): (1) efficiently and effectively disposed of furniture, fixtures, and equipment (FF&E) for thrift receiverships under its Southwest Plan; and (2) appropriately took various receiverships' FF&E to furnish a regional FSLIC office.GAO found that: (1) after deducting expenses, FSLIC r...
Federal Financing Bank: The Government Incurred a Cost of $2 Billion on Loan Prepayments
AFMD-89-59: Published: Aug 22, 1989. Publicly Released: Aug 22, 1989.
Pursuant to a legislative requirement, GAO reviewed the Federal Financing Bank's (FFB) loan prepayments, focusing on the: (1) benefits that FFB lending provided and the procedures and conditions for prepaying FFB loans; (2) FFB borrowers' costs and benefits when they prepay their loans; and (3) prepayment conditions and alternative financing measures FFB should use to balance costs and benefits.GA...
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...