Bank management (51 - 60 of 61 items)
Using 'Firewalls' in a Post Glass-Steagall Banking Environment
T-GGD-88-25: Published: Apr 13, 1988. Publicly Released: Apr 13, 1988.
Pursuant to a congressional request, GAO discussed the use of "firewalls," legal and regulatory measures that separate a company's banking and nonbanking activities, in the event of repeal or relaxation of the Banking Act of 1933. GAO noted that firewalls protect bank safety and prevent conflict-of-interest abuses by promoting: (1) legal separation so that banks are not legally liable for their af...
[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...
Bank Powers: Issues Related to Repeal of the Glass-Steagall Act
GGD-88-37: Published: Jan 22, 1988. Publicly Released: Feb 12, 1988.
In response to a congressional request, GAO provided information on issues concerning the expansion of banks' securities powers through repeal of the Banking Act of 1933 (Glass-Steagall) and the ramifications of eliminating or extending the moratorium on expansion of bank powers.GAO found that repeal of the act could: (1) benefit consumers in terms of lower prices and better services; and (2) crea...
Examination of the National Consumer Cooperative Bank's Financial Statements for the FY Ended September 30, 1981, and the Quarter Ended December 31, 1981
AFMD-83-45: Published: Apr 7, 1983. Publicly Released: Apr 7, 1983.
GAO examined the balance sheets of the National Consumer Cooperative Bank as of September 30, 1981, and December 31, 1981, and the related statements of income, changes in equity, and changes in financial position for the year and the quarter then ended.In the opinion of GAO, the financial statements presented fairly the financial position of the bank as of September 30, 1981, and December 31, 198...
Bank Examination for Country Risk and International Lending
ID-82-52: Published: Sep 2, 1982. Publicly Released: Sep 2, 1982.
GAO assessed major aspects of the U.S. bank regulatory authorities' uniform examination system for evaluating and commenting on country risk to U.S. banks with relatively large foreign lendings. The system consists of identifying countries with actual or potential loan repayment problems, calling these loans to the attention of bank management, and evaluating bank internal country exposure managem...
Proposed Amendment to National Consumer Cooperative Bank Act
B-200951: Published: Jul 2, 1981. Publicly Released: Jul 2, 1981.
A proposed amendment to the National Consumer Cooperative Bank Act, to allow the National Consumer Cooperative Bank to spend funds equivalent to the cost of terminating operations, contains language that would require GAO to perform functions that are incompatible with its independent auditor status. The proposed legislation would require the Comptroller General to establish budgetary amounts that...
Improving Management Controls at the Federal Financing Bank
GGD-80-42: Published: Feb 28, 1980. Publicly Released: Feb 28, 1980.
Several weaknesses in the Federal Financing Bank's internal controls need attention. The Bank's outstanding loans are growing in number and dollar value. Similarly, the time and attention necessary to properly administer the increasing number of loan transactions is straining support systems. To maintain an efficient operation, improvements are needed in internal control procedures.The Bank's pres...
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...