Bank management (21 - 30 of 61 items)
Financial Institutions and Markets Issue Area Plan--Fiscal Year 1998
IAP-97-22: Published: Aug 1, 1997. Publicly Released: Aug 1, 1997.
GAO presented its Financial Institutions and Markets issue area plan for fiscal year 1998.GAO plans to assess the: (1) regulatory framework for financial system integrity and the government's role in maintaining an efficient and competitive financial services industry; (2) Federal Reserve System, the supervision of foreign banks in the U.S. banking system, the bank regulatory structure in foreign...
1993 Bank Resolutions: FDIC Further Improved Its Resolution Process
GGD-95-118: Published: Jun 9, 1995. Publicly Released: Jun 9, 1995.
Pursuant to a legislative requirement, GAO reviewed the Federal Deposit Insurance Corporation's (FDIC) compliance with the Federal Deposit Insurance Corporation Improvement Act's (FDICIA) least-cost provisions for resolving troubled depository institutions.GAO found that: (1) FDIC has improved its resolution process and consistently makes decisions based on the least costly resolution alternatives...
Multilateral Development: World Bank Reforms on Schedule But Difficult Work Remains
NSIAD-95-131BR: Published: Apr 5, 1995. Publicly Released: Apr 5, 1995.
Pursuant to a congressional request, GAO reviewed the World Bank's efforts to carry out a plan of action to remedy the growing number of unsatisfactory projects the Bank finances and reorient it to the core mission of reducing poverty through sustainable development, focusing on the plan's 12 key tasks related to: (1) country assistance strategies and portfolio reviews; (2) the independent inspect...
Failing Banks: Lessons Learned from Resolving First City Bancorporation of Texas
GGD-95-37: Published: Mar 15, 1995. Publicly Released: Mar 15, 1995.
Pursuant to a congressional request, GAO reviewed the Federal Deposit Insurance Corporation's (FDIC) resolution of the First City Bancorporation of Texas, focusing on: (1) why FDIC decided to resolve the corporation by providing financial assistance instead of using other available resolution alternatives; and (2) the additional cost to the Bank Insurance Fund (BIF) as a result of the resolution.G...
National Consumer Cooperative Bank: Oversight Adequate But Federal Loan Repayment Needs Monitoring
GGD-95-63: Published: Feb 24, 1995. Publicly Released: Feb 24, 1995.
Pursuant to a congressional request, GAO reviewed the safety and soundness of the National Consumer Cooperative Bank (NCB), focusing on whether NCB is: (1) fiscally sound; and (2) able to repay its debt to the Department of the Treasury.GAO found that: (1) NCB is a private, cooperatively-owned financial institution with limited ties to the government; (2) although NCB is overseen by the Farm Credi...
Corporate Credit Unions: Condition, Issues, and Concerns
T-GGD-95-15: Published: Oct 6, 1994. Publicly Released: Oct 6, 1994.
Pursuant to a congressional request, GAO discussed issues concerning the financial condition and investment practices of corporate credit unions and the U.S. Central Credit Union. GAO noted that: (1) many small insured credit unions have placed a substantial part of their unloaned deposits in corporate credit unions for investment purposes; (2) the operation and investments of corporates must be f...
Multilateral Development: Status of World Bank Reforms
NSIAD-94-190BR: Published: Jun 6, 1994. Publicly Released: Jun 6, 1994.
Pursuant to a congressional request, GAO reviewed the World Bank's portfolio management, focusing on the: (1) status of the Bank's reform efforts; (2) extent to which the United States has influenced the reforms; and (3) process the United States uses to evaluate the Bank's loan proposals.GAO found that: (1) in 1993, the Bank's Board of Executive Directors rejected its initial reform plan because...
1992 Bank Resolutions: FDIC Chose Methods Determined Least Costly, but Needs to Improve Process
GGD-94-107: Published: May 10, 1994. Publicly Released: May 10, 1994.
Pursuant to a legislative requirement, GAO reviewed the Federal Deposit Insurance Corporation's (FDIC): (1) compliance with the least-cost provisions of the Federal Deposit Insurance Act; and (2) resolution process.GAO found that: (1) FDIC generally complied with the cost calculation and documentation requirements for resolving failed thrifts; (2) FDIC procedures to estimate the net realizable val...
Failed Bank: FDIC Sale of CrossLand Conservatorship Satisfied Least-Cost Test
GGD-94-109: Published: Apr 20, 1994. Publicly Released: Apr 20, 1994.
Pursuant to a congressional request, GAO reviewed the Federal Deposit Insurance Corporation's (FDIC) resolution actions regarding the failed CrossLand Federal Savings Bank of Brooklyn, New York, focusing on whether FDIC: (1) complied with the least-cost calculation and documentation requirements; and (2) projected cost savings were realized when FDIC took interim ownership of CrossLand until a fin...
Bank Insurance Fund: Review of Loss Estimation Methodologies
AIMD-94-48: Published: Dec 9, 1993. Publicly Released: Jan 10, 1994.
Pursuant to a congressional request, GAO reviewed certain public and private-sector estimates of bank failures and related losses incurred by the Bank Insurance Fund (BIF), focusing on the: (1) various approaches used by these forecasters in estimating bank failures and losses; and (2) similarities, differences, and key assumptions of their estimation methodologies.GAO found that: (1) the forecast...