Lending institutions (81 - 90 of 132 items)
Troubled Asset Relief Program: Additional Actions Needed to Better Ensure Integrity, Accountability, and Transparency
GAO-09-161: Published: Dec 2, 2008. Publicly Released: Dec 2, 2008.
On October 3, 2008, the Emergency Economic Stabilization Act was signed into law. The act established the Office of Financial Stability (OFS) within the Department of the Treasury (Treasury) and authorized the Troubled Asset Relief Program (TARP). Every 60 days, the U.S. Comptroller General is required to report on a variety of areas associated with oversight of TARP. This report reviews (1) the a...
Check 21 Act: Questions for Consumers about Check 21 Act (GAO-09-9SP, October 2008), an E-supplement to GAO-09-8
GAO-09-9SP: Published: Oct 28, 2008. Publicly Released: Oct 28, 2008.
This product lists the questions asked and a summary of the answers given in a GAO-administered in-depth interview study with 108 bank checking account customers. These structured interviews were conducted to assess consumer acceptance of the check truncation process resulting from The Check Clearing for the 21st Century Act of 2003 (Check 21), one of the objectives of GAO's report on the Act's ef...
Risk-Based Capital: New Basel II Rules Reduced Certain Competitive Concerns, but Bank Regulators Should Address Remaining Uncertainties
GAO-08-953: Published: Sep 12, 2008. Publicly Released: Oct 14, 2008.
Basel II, the new risk-based capital framework based on an international accord, is being adopted by individual countries. It includes standardized and advanced approaches to estimating capital requirements. In the United States, bank regulators have finalized an advanced approaches rule that will be required for some of the largest, most internationally active banks (core banks) and proposed an o...
Federal Home Loan Banks: Too Soon to Tell the Potential Impact of Excess Stock Rule on the Affordable Housing Program
GAO-07-878R: Published: Jun 22, 2007. Publicly Released: Jun 22, 2007.
Affordable housing organizations and Federal Home Loan Bank (FHLBank) members have raised concerns that a Federal Housing Finance Board (FHFB) rule limiting excess stock could adversely impact FHLBank earnings. In particular, concerns have been raised regarding the FHLBanks' Affordable Housing Program (AHP), which subsidizes the cost of affordable housing with funds from the 12 FHLBanks, all of wh...
Information on Selected Issues Concerning Banking Activities
GAO-07-593R: Published: Apr 30, 2007. Publicly Released: May 30, 2007.
This letter responds to Congress's request for information on (1) selected federal expenditures, policies, and programs that affect the U.S. banking industry and (2) certain banking industry trends. These include the savings and loan industry crisis, trade finance, tax policies, and profits and executive compensation. Congress's letter also asked us for information on bank fees; as agreed with Con...
Financial Market Regulation: Agencies Engaged in Consolidated Supervision Can Strengthen Performance Measurement and Collaboration
GAO-07-154: Published: Mar 15, 2007. Publicly Released: Mar 15, 2007.
As financial institutions increasingly operate globally and diversify their businesses, entities with an interest in financial stability cite the need for supervisors to oversee the safety and soundness of these institutions on a consolidated basis. Under the Comptroller General's Authority, GAO reviewed the consolidated supervision programs at the Federal Reserve System (Federal Reserve), Office...
Industrial Loan Corporations: Recent Asset Growth and Commercial Interest Highlight Differences in Regulatory Authority
GAO-06-961T: Published: Jul 12, 2006. Publicly Released: Jul 12, 2006.
Since their origin in the early 1900s, industrial loan corporations (ILCs) have grown significantly in size, and some have expressed concern that ILCs may have expanded beyond the original scope and purpose intended by Congress. Others have questioned whether the current regulatory structure for overseeing ILCs is adequate. This testimony is based on our September 2005 report that, among other thi...
Automated Teller Machines: Issues Related to Real-time Fee Disclosure
GGD/AIMD-00-224: Published: Jul 11, 2000. Publicly Released: Jul 11, 2000.
Pursuant to a legislative requirement, GAO provided information on real-time disclosure of foreign automated teller machine (ATM) fees levied by the card-issuing bank, focusing on: (1) alterations to the ATM system that would be needed to support real-time foreign fee disclosure; (2) estimated costs and timeframes associated with implementing real-time foreign fee disclosure; (3) potential competi...
Capital Structure of the Federal Home Loan Bank System
GGD-99-177R: Published: Aug 31, 1999. Publicly Released: Sep 30, 1999.
Pursuant to a congressional request, GAO provided information on the capital structure of the Federal Home Loan Bank System.GAO noted that: (1) GAO has consistently supported the establishment of risk-based capital standards applied in combination with a leverage ratio that requires a minimum capital-to-asset ratio for the System; (2) a risk-based capital standard offers a number of benefits that...
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...