Insured commercial banks (101 - 110 of 208 items)
A Nonbanker's Perspective on Banking Reform
147032: Jan 1, 1992
This article, which appeared in the GAO Journal, No. 15, Spring/Summer 1992, discusses principles that policymakers should keep in mind as they consider banking regulation reforms, focusing on: (1) increasing protection of taxpayers and depositors by reducing risks; (2) the changing dynamics of the global economy and the development of markets to offer needed services; and (3) equitable treatment,...
Commercial Banking in the United States: A Look Back and a Look Ahead
147029: Jan 1, 1992
This article, which appeared in the GAO Journal, No. 15, Spring/Summer 1992, discusses: (1) the U.S. banking industry's attempts to address trends that weakened the U.S. banking system during the 1980s, including high inflation rates, asset quality problems, rapidly rising operating costs, weakened capital, and an unrealistic market structure; and (2) issues that still require the banking industry...
Girding for Competition
147028: Jan 1, 1992
This article, which appeared in the GAO Journal, No. 15, Spring/Summer 1992, discusses the Federal Deposit Insurance Corporation Improvement Act of 1991 and its effects on the banking industry and U.S. financial system, focusing on the act's provisions for: (1) more promptly closing insolvent banks; (2) accounting and auditing reforms for both banks and their regulators; and (3) forcing banks and...
Modernize Banking...But With Care
147030: Jan 1, 1992
This article, which appeared in the GAO Journal, No. 15, Spring/Summer 1992, discusses: (1) the Glass-Steagall Act's separation of the banking sector from the securities industry; (2) proposed reforms that would grant banks new powers to participate in the securities field; and (3) other suggestions for bank reform that would improve economic efficiency and ensure safety and soundness...
Comprehensive Deposit Insurance Reform and Taxpayer Protection Act of 1991: Observations on Accounting Reforms and Funding for the Bank Insurance Fund
T-AFMD-92-3: Published: Dec 11, 1991. Publicly Released: Dec 11, 1991.
GAO discussed recently passed legislation regarding bank deposit insurance protection, focusing on: (1) the level of funding the act provides for the Bank Insurance Fund; and (2) accounting reforms. GAO noted that: (1) the legislation provides the Fund with approximately $70 billion in borrowing authority to resolve problem banks; (2) $30 billion of that amount is for losses the Fund incurs in res...
Obligations Limitation: Resolution Trust Corporation's Compliance as of December 31, 1990
AFMD-92-4: Published: Oct 22, 1991. Publicly Released: Nov 22, 1991.
Pursuant to a congressional request, GAO reviewed the Resolution Trust Corporations's (RTC) fourth-quarter compliance with the maximum obligation limit set forth in the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA), which: (1) established a formula for calculating the maximum allowable obligations outstanding; and (2) provided $50 billion in financing to resolve tro...
Thrift Resolutions: FSLIC 1988 and 1989 Assistance Agreement Costs Subject to Significant Uncertainties
AFMD-92-9: Published: Nov 18, 1991. Publicly Released: Nov 18, 1991.
Pursuant to a legislative requirement, GAO reported on the costs of bank assistance agreements that the Federal Savings and Loan Insurance Corporation (FSLIC) entered into between January 1, 1988 and August 9, 1989, focusing on the: (1) reliability of the Federal Deposit Insurance Corporation's (FDIC) December 31, 1990 total projected payments; and (2) status of the Resolution Trust Corporation's...
Bank Powers: Bank Holding Company Securities Subsidiaries' Market Activities Update
GGD-91-131: Published: Sep 20, 1991. Publicly Released: Sep 20, 1991.
Pursuant to a congressional request, GAO investigated bank holding company subsidiaries' bank-ineligible securities underwriting activities, focusing on: (1) the number of firms involved in such activities and the volume of their activities and their assets, revenues, and capital; and (2) regulatory revisions proposed by the Federal Reserve.GAO found: (1) the Federal Reserve authorized 35 banking...
OCC's Supervision of the Bank of New England
T-GGD-91-66: Published: Sep 19, 1991. Publicly Released: Sep 19, 1991.
GAO discussed its review of a major bank's failure, focusing on the: (1) causes of the failure; (2) Office of the Comptroller of the Currency (OCC) efforts to adequately assess safety and soundness deficiencies at the bank; and (3) extent to which insider activity may have contributed to the failure. GAO noted that: (1) the bank grew rapidly from fiscal year (FY) 1985 to FY 1988, mainly through ac...
Resolution Trust Corporation: Funding, Asset Disposition, and Structure Issues
T-GGD-91-67: Published: Sep 17, 1991. Publicly Released: Sep 17, 1991.
GAO discussed: (1) the Resolution Trust Corporation's (RTC) current and future funding needs; (2) its progress in disposing of assets; and (3) issues related to restructuring RTC. GAO noted that: (1) on September 12, 1991, RTC and its Oversight Board requested an additional $80 billion in loss funds, a $160-billion increase in the RTC working capital borrowing authority, to complete the cleanup of...