Bank failures (71 - 75 of 75 items)
The Federal Savings and Loan Insurance Corporation--Financial Condition and Recapitalization Issues
T-AFMD-87-4: Published: Mar 3, 1987. Publicly Released: Mar 3, 1987.
GAO discussed: (1) a proposed Federal Savings and Loan Insurance Corporation (FSLIC) recapitalization act; and (2) the financial health of FSLIC and savings and loan institutions (S&L). GAO noted that: (1) from 1981 to 1986, 211 S&L failed, and the number of insolvent S&L increased from 16 to 44; (2) 15 percent of current FSLIC-insured S&L are insolvent and 20 percent are unprofitable; (3) diversi...
Thrift Industry: Cost to FSLIC of Delaying Action on Insolvent Savings Institutions
GGD-86-122BR: Published: Sep 9, 1986. Publicly Released: Sep 9, 1986.
In response to a congressional request, GAO provided information on: (1) the cost to the Federal Savings and Loan Insurance Corporation (FSLIC) of permitting insolvent thrift institutions to remain open instead of closing them immediately; and (2) the risk of losses on bad loans and investments incurred in closing such institutions.GAO noted that, although the Federal Home Loan Bank Board (FHLBB)...
Changes in the Financial Services Industry and Their Impact on Federal Regulation
121656: Jun 16, 1983
GAO discussed how the financial services industry is changing and what the government's role with respect to those changes should be. The changes occurring are the latest events in the historical development of the financial services industry. Congress designed the legislation of the 1930's for a financial system which, in one important respect, differs from today's system. The basic deposit insur...
Banks Having Problems Need Better Identification and Disclosure
FOD-79-1: Published: Jan 24, 1979. Publicly Released: Jan 24, 1979.
The Federal Deposit Insurance Corporation (FDIC) supervises state-chartered insured banks which are not members of the Federal Reserve System and indirectly supervises state member and national banks. FDIC exists to protect both private and public depositors against losses from bank failures, help maintain confidence in the banking system, and promote safe and sound banking practices. The review o...
Supervision of Banks by the Federal Deposit Insurance Corporation Can Be More Efficient
FOD-77-8: Published: Dec 22, 1977. Publicly Released: Dec 22, 1977.
As a result of a Congressional request that GAO review the supervisory activities of the three Federal bank regulatory agencies, GAO was granted unrestricted access to bank examination reports and related records. The Federal Deposit Insurance Corporation (FDIC) maintains public confidence in the Nation's banking system by protecting depositors and encouraging sound banking, primarily through depo...