Securities (71 - 80 of 97 items)
Asset Management: Resolution Trust Corporation Needs to Build a Strong Foundation to Support Its Asset Disposition Efforts
T-GGD-90-38: Published: May 4, 1990. Publicly Released: May 4, 1990.
GAO discussed the Resolution Trust Corporation's (RTC) progress in disposing of assets. GAO found that: (1) RTC was not ready to aggressively dispose of its assets, but has reported liquidations of about $40 billion through sales, loan collections, and debt retirements; (2) RTC established a training task force to assess its overall training needs and identified areas in need of strengthening; (3)...
Securities Trading: SEC Action Needed to Address National Market System Issues
GGD-90-52: Published: Mar 12, 1990. Publicly Released: Mar 12, 1990.
GAO reviewed the Securities and Exchange Commission's (SEC) actions to establish a national market system for U.S. market securities, focusing on: (1) exchange-imposed trading restrictions; (2) the Intermarket Trading System (ITS); and (3) a multiple stock-options listing.GAO found that: (1) SEC has not determined whether trading restrictions that limit exchanges to the exchange floor restrict com...
[Internationalization: A Regulatory Perspective]
137283: Nov 3, 1988
GAO discussed the internationalization of the world stock markets. GAO noted that: (1) the advantages included risk diversification, a wider variety of markets and products to hedge against exchange and interest-rate risks, higher profit opportunities from increased commissions, and cheaper funds from additional suppliers and differing regulatory requirements; (2) the risks included worldwide pani...
Transition Series: Financial Services Industry Issues
OCG-89-4TR: Published: Nov 1, 1988. Publicly Released: Nov 1, 1988.
GAO summarized information on issues the federal government should consider relating to the financial services industry, including the: (1) handling of troubled financial institutions; (2) regulation of mergers between banking and nonbanking institutions; (3) regulation of linked securities and futures markets; and (4) regulation of global capital markets.GAO noted that: (1) almost a third of the...
Financial Audit: Federal Savings and Loan Insurance Corporation's 1987 and 1986 Financial Statements
AFMD-88-58: Published: Jul 5, 1988. Publicly Released: Jul 5, 1988.
GAO examined the Federal Savings and Loan Insurance Corporation's (FSLIC) consolidated statements of financial condition as of December 31, 1987 and 1986, and the related statements of income and expense and reserves, and changes in financial position for the years then ended.GAO found that FSLIC: (1) lost about $8.6 billion in 1987 and had a deficit of $13.7 billion; (2) had an estimated $17.4-bi...
[Stability of Financial Markets: Federal Reserve Responsibility?]
135777: May 11, 1988
GAO discussed the Federal Reserve System's responsibilities for financial market stability in a changing economic environment. GAO found that: (1) the Federal Reserve shared the responsibility for financial stability with the commercial banking system through deposit insurance; (2) commercial banks were responsible for redeeming the insured deposits they issued on demand at 100 cents on the dollar...
[What Government Can Do To Protect the Public Interest in a Changing Financial Market Place]
135778: Mar 24, 1988
GAO discussed what the federal government could do to protect the public interest in a changing financial market. GAO noted that the federal government's policy goals were to: (1) ensure financial soundness of institutions such as the banking systems, securities firms, stock exchanges, and clearing corporations; (2) maintain market liquidity throughout the commodities trading system; and (3) prote...
After Black Monday: An Interview With Robert R. Glauber
136523: Jan 1, 1988
This article, which appeared in the GAO Journal, No. 2, Summer 1988, presents a round-table discussion of the findings and recommendations of the Presidential Task Force on Market Mechanisms, established in the wake of the unprecedented drop in the stock market on October 19, 1987. The discussion focused on: (1) the involvement of the Federal Reserve System, Department of the Treasury, and Securit...
U.S. Government Securities: Questions About the Federal Reserve's Securities Transfer System
GGD-87-15BR: Published: Oct 20, 1986. Publicly Released: Oct 20, 1986.
In response to a congressional request, GAO examined the validity of comments received from primary dealers alleging that variations between the Federal Reserve System districts' operation of the securities transfer network created disadvantages for dealers in certain districts.GAO found that the System: (1) has separate securities transfer systems; (2) is investigating depository institutions' ne...
The Treasury Securities Market and Primary Dealer System
131128: Sep 29, 1986
GAO testified on its study of the government securities market's strengths and weaknesses, specifically: (1) the relevance of the standards used to designate primary dealers; and (2) the uses which certain market participants make of the primary dealer designation. GAO found that: (1) the Federal Reserve System should review the standard requiring participation in auctions to determine whether the...