Financial institutions (81 - 90 of 114 items)
Obligations Limitation: Resolution Trust Corporation's Compliance as of September 30, 1990
AFMD-91-63: Published: May 31, 1991. Publicly Released: Jul 1, 1991.
Pursuant to a congressional request, GAO assessed the Resolution Trust Corporation's (RTC) third-quarter compliance with the maximum RTC obligation limit set forth by the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) of 1989, which provided a formula calculating maximum allowable obligations.GAO found that: (1) none of the formula categories required by FIRREA were omitted...
Government-Sponsored Enterprises: A Framework for Limiting the Government's Exposure to Risks
GGD-91-90: Published: May 22, 1991. Publicly Released: May 22, 1991.
Pursuant to a legislative requirement, GAO reviewed the risks undertaken by government-sponsored enterprises (GSE) in order to propose: (1) appropriate regulatory authorities for GSE federal regulators; (2) a regulatory structure to administer GSE oversight; and (3) capital standards to adequately protect the government's interest in GSE.GAO found that: (1) the Department of Housing and Urban Deve...
Obligations Limitation: Resolution Trust Corporation's Compliance as of June 30, 1990
AFMD-91-41: Published: Dec 21, 1990. Publicly Released: Jan 23, 1991.
Pursuant to a congressional request, GAO assessed the Resolution Trust Corporation's (RTC) compliance with the maximum RTC obligation limit that the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) set forth.GAO found that: (1) RTC did not omit any of the FIRREA-required formulas from its calculations; (2) RTC was working to correct several minor errors and miscalculat...
[Comments on Bank Insurance Fund Recapitalization Plan]
142769: Dec 7, 1990
GAO commented on plans to recapitalize the Bank Insurance Fund by requiring banks to purchase preferred stock from the Federal Deposit Insurance Corporation (FDIC). GAO expressed concern that proper accounting should be used by both FDIC and the banks if the stock was issued...
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...
Resolving Failed Savings and Loan Institutions: Estimated Costs and Additional Funding Needs
T-AFMD-90-32: Published: Sep 19, 1990. Publicly Released: Sep 19, 1990.
GAO discussed: (1) the Resolution Trust Corporation's (RTC) funding needs; and (2) RTC, its Oversight Board's, and the Congressional Budget Office's (CBO) cost estimates for resolving failed and troubled savings institutions. GAO noted that: (1) the Office of Thrift Supervision developed a rating system to measure the relative health of individual institution's financial conditions, compliance wit...
Financial Audit: Federal Home Loan Bank Board's 1988 and 1987 Financial Statements
AFMD-89-95: Published: Sep 29, 1989. Publicly Released: Sep 29, 1989.
GAO examined the Federal Home Loan Bank Board's financial statements for the years ended December 31, 1988 and 1987, and the related statements of income and expenses and retained earnings and statements of cash flows for the years then ended.GAO found that the financial statements presented fairly, in all material aspects, the financial position of the Bank Board as of December 31, 1988 and 1987,...
Federal Financing Bank: The Government Incurred a Cost of $2 Billion on Loan Prepayments
AFMD-89-59: Published: Aug 22, 1989. Publicly Released: Aug 22, 1989.
Pursuant to a legislative requirement, GAO reviewed the Federal Financing Bank's (FFB) loan prepayments, focusing on the: (1) benefits that FFB lending provided and the procedures and conditions for prepaying FFB loans; (2) FFB borrowers' costs and benefits when they prepay their loans; and (3) prepayment conditions and alternative financing measures FFB should use to balance costs and benefits.GA...
The Federal Savings and Loan Insurance Corporation's Use of Notes and Assistance Guarantees
T-AFMD-88-17: Published: Sep 8, 1988. Publicly Released: Sep 8, 1988.
GAO discussed the Federal Savings and Loan Insurance Corporation's (FSLIC) use of notes payable and other commitments to resolve its case load of insolvent savings and loans institutions. GAO found that FSLIC: (1) used acquisitions or mergers to resolve the problems of insolvent savings and loan institutions; (2) issued 22 notes worth about $6.8 billion in 83 merger transactions, and made substant...
Financial Audit: Federal Home Loan Bank Board's 1987 and 1986 Financial Statements
AFMD-88-67: Published: Aug 24, 1988. Publicly Released: Aug 24, 1988.
GAO examined the Federal Home Loan Bank Board's (FHLBB): (1) financial statements for the years ended December 31, 1987 and 1986, and the related statements of income expenses and retained earnings, and the changes in financial position for the years then ended; (2) system of internal accounting controls; and (3) compliance with laws and regulations.GAO found that: (1) in September 1987, FHLBB ret...