Insured commercial banks (71 - 80 of 208 items)
Resolution Trust Corporation: Recoveries on Asset Sales Through September 1992
GGD-93-51FS: Published: Jan 8, 1993. Publicly Released: Jan 27, 1993.
Pursuant to a congressional request, GAO reviewed the: (1) Resolution Trust Corporation's (RTC) method for estimating asset sales losses; and (2) availability of current sales information.GAO found that: (1) the RTC methodology for estimating asset recoveries was reasonable; (2) the Real Estate Owned Management System (REOMS) had slow response times during data input and retrieval, cumbersome comp...
RTC Western Storm Follow-up
GGD-93-8R: Published: Dec 4, 1992. Publicly Released: Jan 4, 1993.
Pursuant to a congressional request, GAO provided: (1) an assessment of the Resolution Trust Corporation's (RTC) efforts to correct contracting deficiencies in the Western Storm Project; and (2) the results of its inquiry into alleged criminal conduct relating to the award and performance of the Western Storm contract. GAO noted that: (1) poor planning, poor oversight, and the use of an improper c...
Financial Services Industry Issues
OCG-93-10TR: Published: Dec 1, 1992. Publicly Released: Dec 1, 1992.
Pursuant to a congressional request, GAO summarized issues relating to the federal government's regulation of and relationship with the financial services industry, focusing on: (1) federal regulation of financial institutions; (2) rapidly changing financial markets; and (3) federal regulation of insurance industry solvency.GAO noted that the: (1) federal government's many legislative and administ...
High Risk Series: Bank Insurance Fund
HR-93-3: Published: Dec 1, 1992. Publicly Released: Dec 1, 1992.
GAO reviewed the Bank Insurance Fund, focusing on the factors that contributed to the depletion of the Fund's reserves and the need for improved accounting rules and bank examinations.GAO noted that: (1) during the 1980s, U.S. banks made riskier loans to increase their customer base and fight competition from other domestic and foreign financial service vendors; (2) weak internal controls, flawed...
High Risk Series: Resolution Trust Corporation
HR-93-4: Published: Dec 1, 1992. Publicly Released: Dec 1, 1992.
GAO reviewed the Resolution Trust Corporation's (RTC) cleanup of the thrift industry, focusing on: (1) RTC management of its asset disposition and contracting activities; (2) RTC information systems; and (3) reduction of thrift cleanup costs.GAO found that RTC: (1) has recovered about 95 percent of the book value of the financial assets it has sold, but faces losses from contingent liability on al...
Appraisal Reform: Implementation Status and Unresolved Issues
GGD-93-19: Published: Oct 30, 1992. Publicly Released: Nov 30, 1992.
Pursuant to a congressional request, GAO reviewed the implementation of Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989.GAO found that: (1) positive strides have been made at the federal and state levels to implement Title XI by the December 31, 1992, deadline; (2) all 50 states, the District of Columbia, and most U.S. territories have developed and implemented...
RTC PLS Restructuring
GGD-93-5R: Published: Nov 18, 1992. Publicly Released: Nov 18, 1992.
GAO reviewed the impact of the Resolution Trust Corporation's (RTC) restructuring and downsizing of its Professional Liability Section (PLS), focusing on the: (1) number of savings and loan cases in which the statute of limitations expired due to staff reductions; (2) projected number of cases which will expire before RTC restores its staff levels; and (3) potential amount of money that RTC could...
RTC: Asset Management Systems
IMTEC-93-9R: Published: Oct 28, 1992. Publicly Released: Oct 28, 1992.
GAO provided information on the Resolution Trust Corporation's (RTC) management and use of three critical automated asset systems since the recent restructuring of its field operations. GAO noted that: (1) RTC has modified its Real Estate Owned Management System (REOMS) so that it now better meets the information and reporting needs of its corporate and field offices in the management and sale of...
Bank and Thrift Criminal Fraud: Information on Justice's Investigations and Prosecutions
GGD-93-10FS: Published: Oct 5, 1992. Publicly Released: Oct 23, 1992.
Pursuant to a congressional request, GAO reviewed the Department of Justice's investigations of criminal bank and thrift fraud, focusing on: (1) the recorded number of prosecutions and the number of investigations and cases that U.S. Attorneys declined to proceed with; (2) the amounts of fines and restitution that the government collected; and (3) the adequacy of Justice's resources.GAO found that...
Resolution Trust Corporation: Survey Results on RTC's Communication and Real Estate Marketing
GGD-92-134BR: Published: Sep 24, 1992. Publicly Released: Sep 24, 1992.
GAO surveyed Resolution Trust Corporation (RTC) staff and private realtors who specialize in industrial and office real estate to assess RTC responsiveness to requests about its real estate properties.GAO found that: (1) RTC sales center staff reported that they had taken steps to establish good working relationships with the private sector; (2) RTC sales center staff had real estate experience in...