Banking regulation (51 - 60 of 71 items)
Failed Banks: Accounting and Auditing Reforms Urgently Needed
AFMD-91-43: Published: Apr 22, 1991. Publicly Released: Apr 22, 1991.
GAO analyzed the financial reports prepared by managers and regulators' examination reports for 39 banks that failed in 1988 and 1989 to identify: (1) the impact of accounting and internal control weaknesses on those failures; and (2) reforms that could minimize future losses to the Bank Insurance Fund.GAO found that: (1) examination of the call reports banks prepared an average 6 months prior to...
Deposit Insurance and Related Reforms
T-GGD-90-46: Published: Sep 19, 1990. Publicly Released: Sep 19, 1990.
GAO discussed deposit insurance reform. GAO noted that the current deposit insurance system is not the relatively and inexpensive proposition it appeared to be in the past because most of the characteristics which deflected risk away from the banks have been stripped away or significantly diminished due to advances in technology and other factors. GAO also noted that actions that could align the d...
European Community: U.S. Financial Services' Competitiveness Under the Single Market Program
NSIAD-90-99: Published: May 21, 1990. Publicly Released: May 24, 1990.
Pursuant to a congressional requirement, GAO assessed: (1) how the European Community's (EC) Single Market Program could affect U.S. financial firms; (2) the extent to which U.S. financial firms participated in EC markets; (3) potential opportunities and challenges for U.S. financial firms; and (4) how U.S. government agencies were working to ensure full and fair access to European markets.GAO fou...
Minimum Capital Requirements for Banks Under Risk-Based Capital Standards
T-GGD-90-5: Published: Oct 25, 1989. Publicly Released: Oct 25, 1989.
GAO discussed the proposed minimum capital requirements for the banking industry. GAO found that: (1) three bank regulatory agencies adopted final risk-based capital holding standards; (2) although the Office of the Comptroller of the Currency (OCC) proposed a 3-percent floor, the Federal Deposit Insurance Corporation (FDIC) maintained that a risk-based capital, even with the proposed floor, could...
Failed Thrifts: GAO's Analysis of Bank Board 1988 Deals
T-GGD-89-11: Published: Mar 14, 1989. Publicly Released: Mar 14, 1989.
GAO discussed Federal Savings and Loan Insurance Corporation (FSLIC)-assisted sales of failed thrifts. GAO found that: (1) the costs of the sales will exceed FSLIC estimates if guaranteed assets do not have the projected values or if interest rates increase; (2) tax laws granted tax benefits to insolvent thrift acquirers and allowed deduction of presale net operating losses from their future incom...
Issues Involving FHLBB Accountability and Control Policies
AFMD-88-57: Published: May 20, 1988. Publicly Released: May 20, 1988.
GAO reviewed the Federal Savings and Loan Insurance Corporation's (FSLIC) financial policies.GAO found that: (1) although FSLIC began a policy of issuing notes in connection with many of its resolution actions, there were few controls over the total amount of notes it could issue or the resultant commitment of federal money; (2) FSLIC has also begun to issue more substantial amounts of long-term y...
[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...
Financial Audit: Federal Deposit Insurance Corporation's 1987 and 1986 Financial Statements
AFMD-88-43: Published: Apr 22, 1988. Publicly Released: Apr 22, 1988.
GAO examined the financial statements of the Federal Deposit Insurance Corporation (FDIC) for the years ended December 31, 1987 and 1986.GAO found that FDIC: (1) substantially increased its expenditures for assistance and regulatory actions due to an increase in bank failures and problem banks and the less-developed countries' difficulties in repaying loans; and (2) anticipates that it may incur a...
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...