Federal corporations (41 - 50 of 54 items)
Budget Issues: Information on FDIC and FSLIC Notes Payable
AFMD-88-71FS: Published: Aug 5, 1988. Publicly Released: Aug 5, 1988.
Pursuant to a congressional request, GAO provided information regarding the dollar value of interest-paying notes the Federal Deposit Insurance Corporation (FDIC) and the Federal Savings and Loan Insurance Corporation (FSLIC) issued to assist: (1) failing banks to continue operations; and (2) acquirers to purchase failing banks.GAO found that FDIC: (1) issued $466 million in notes during fiscal ye...
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...
Thrift Industry: Federal Home Loan Bank Board Advances Program
GGD-88-46BR: Published: Mar 9, 1988. Publicly Released: Mar 9, 1988.
In response to a congressional request, GAO provided statistical data on the Federal Home Loan Banks' (FHLBank) advances program and the thrift institutions participating in the program.GAO found that: (1) FHLBank system advances increased from $20.2 billion in 1977 to $108.6 billion in 1986; (2) FHLBank lending activities varied by district, with outstanding advances comprising 90.1 percent of to...
Financial Audit: Federal Deposit Insurance Corporation's 1986 and 1985 Financial Statements
AFMD-87-58: Published: Aug 12, 1987. Publicly Released: Aug 12, 1987.
GAO examined the financial statements of the Federal Deposit Insurance Corporation (FDIC) for the years ended December 31, 1986 and 1985.GAO found that: (1) FDIC was not following internal control procedures that required it to reconcile certain accounts monthly, but took action to ensure that reconciliations were completed in a timely manner; (2) the financial condition of certain sectors of the...
GAO's 1984 Financial Audits of the FDIC and FSLIC
127875: Sep 12, 1985
GAO discussed its financial audits of the Federal Deposit Insurance Corporation (FDIC), the Federal Savings and Loan Insurance Corporation (FSLIC), and the National Credit Union Administration's (NCUA) Share Insurance Fund. GAO noted that it qualified its opinions on the financial statements of FDIC and FSLIC because of its concern about the value of certain assets acquired during default preventi...
Examination of the Federal Financing Bank's Financial Statements for the Years Ended September 30, 1983 and 1982
AFMD-85-26: Published: Feb 13, 1985. Publicly Released: Feb 13, 1985.
GAO examined the statements of the financial condition of the Federal Financing Bank as of September 30, 1983 and 1982, and the related statements of income and changes in retained earnings and financial position for the years then ended.GAO found that the financial statements presented fairly the financial position of the Federal Financing Bank as of September 30, 1983 and 1982, and the results o...
The National Consumer Cooperative Bank: An Institution in Transition
RCED-84-75: Published: Dec 15, 1983. Publicly Released: Dec 15, 1983.
In response to a congressional request, GAO reviewed certain areas of the operations of the National Consumer Cooperative Bank. The Bank has recently undergone a major reorganization, converted from a mixed-ownership Government corporation to a quasi-private institution, and experienced high personnel turnover. In addition, the Bank has recently established a nonprofit corporation to administer fi...
Financial Position of the National Consumer Cooperative Bank
AFMD-81-45: Published: Mar 13, 1981. Publicly Released: Mar 13, 1981.
The National Consumer Cooperative Bank is a mixed-ownership Government corporation which was chartered by Congress for the purpose of providing loans, technical assistance, capital investment advances, and interest supplement payments to cooperatives. GAO examined the balance sheet, statements of income, changes in equity, and changes in financial position for the Bank's first full year of operati...
Examination of Financial Statements of the Federal Deposit Insurance Corporation for the Year Ended December 31, 1979
GGD-80-81: Published: Jul 25, 1980. Publicly Released: Jul 25, 1980.
The financial statements of the Federal Deposit Insurance Corporation (FDIC) were audited for the year ended December 31, 1979. The examination, made in accordance with the Comptroller General's standards for financial and compliance audits, included such tests of the accounting records and procedures considered necessary in the circumstances. The audit procedures were supplemented, to the extent...
Examination of Financial Statements of the Federal Home Loan Banking System: A Favorable Opinion but Some Management Problems
FOD-77-15: Published: Oct 25, 1977. Publicly Released: Oct 25, 1977.
The Comptroller General is required by legislation to examine the financial transactions of the federal home loan banks, the Federal Savings and Loan Insurance Corporation (FSLIC), and the Federal Home Loan Mortgage Corporation. The Federal Home Loan Bank Board (FHLBB) supervises the activities of the banks and both Corporations. During 1976, the Office of Examinations and Supervision examined 3,2...