Lending institutions (51 - 60 of 71 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...
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...
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...
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...
The Evolving Financial Services Industry
135525: Jan 1, 1988
This article, which appeared in the GAO Journal, No. 1, Spring 1988, discusses the functions of and changes occurring in the financial services industry as well as issues affecting its regulation and oversight. The industry has seen growing price and product competition and has expanded beyond national borders in scope. Many industrial participants and regulators believe that Congress needs to ens...
The Federal Savings and Loan Insurance Corporation--Financial Condition and Recapitalization Issues
T-AFMD-87-4: Published: Mar 3, 1987. Publicly Released: Mar 3, 1987.
GAO discussed: (1) a proposed Federal Savings and Loan Insurance Corporation (FSLIC) recapitalization act; and (2) the financial health of FSLIC and savings and loan institutions (S&L). GAO noted that: (1) from 1981 to 1986, 211 S&L failed, and the number of insolvent S&L increased from 16 to 44; (2) 15 percent of current FSLIC-insured S&L are insolvent and 20 percent are unprofitable; (3) diversi...
Thrift Industry: Net Worth and Income Capital Certificates
GGD-86-100FS: Published: Jun 23, 1986. Publicly Released: Jun 23, 1986.
In response to a congressional request, GAO provided information on the Net Worth Certificate Program, specifically: (1) its participants; and (2) the Federal Savings and Loan Insurance Corporation's use of income capital certificates to support the net-worth levels of thrift institutions.GAO found that: (1) Congress is currently considering reauthorizing the program; and (2) two institutions shou...
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...
Secondary Market Activities of the Student Loan Marketing Association
HRD-84-51: Published: May 18, 1984. Publicly Released: May 18, 1984.
In response to a congressional request, GAO reviewed the legislative development and financial activities of the Student Loan Marketing Association and compared its profitability to that of commercial banks and other Government-sponsored lending institutions.GAO found that legislative changes have not significantly altered the Association's original purpose to act as a secondary market by purchasi...
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...