Insured commercial banks (31 - 40 of 208 items)
Trust Assets: Investment of Trust Assets in Bank Proprietary Mutual Funds
GGD-95-21: Published: Mar 16, 1995. Publicly Released: Mar 16, 1995.
Pursuant to a congressional request, GAO provided information on the extent to which banks have invested trust assets into proprietary mutual funds, focusing on: (1) the disclosure and consent requirements that apply when trust assets are invested into these funds; (2) whether double fees on invested trust assets are legal; and (3) the regulatory controls that prevent banks from acting in their ow...
Failing Banks: Lessons Learned from Resolving First City Bancorporation of Texas
GGD-95-37: Published: Mar 15, 1995. Publicly Released: Mar 15, 1995.
Pursuant to a congressional request, GAO reviewed the Federal Deposit Insurance Corporation's (FDIC) resolution of the First City Bancorporation of Texas, focusing on: (1) why FDIC decided to resolve the corporation by providing financial assistance instead of using other available resolution alternatives; and (2) the additional cost to the Bank Insurance Fund (BIF) as a result of the resolution.G...
Financial Regulation: Modernization of the Financial Services Regulatory System
T-GGD-95-121: Published: Mar 15, 1995. Publicly Released: Mar 15, 1995.
GAO discussed the modernization of the financial services regulatory system. GAO noted that: (1) although the banking industry appears to have recovered from its recent crisis, it is premature to assume that fundamental concerns about risk management and regulatory supervision have been resolved; (2) while the regulatory system has adapted to the financial industry's movements on an ad hoc basis,...
Community Reinvestment Act: Preliminary Results of GAO's Study on CRA Problems and Proposed Reforms
T-GGD-95-113: Published: Mar 8, 1995. Publicly Released: Mar 8, 1995.
Pursuant to a congressional request, GAO discussed the implementation of the Community Reinvestment Act (CRA). GAO noted that: (1) CRA requires bank regulators to assess banks' community lending performance during examinations; (2) community groups urged the passage of CRA to curb what they believed to be a lack of adequate investment in low- and moderate-income areas; (3) community groups have ra...
Deposit Insurance Funds: Analysis of Insurance Premium Disparity Between Banks and Thrifts
AIMD-95-84: Published: Mar 3, 1995. Publicly Released: Mar 7, 1995.
Pursuant to a congressional request, GAO reviewed the Federal Deposit Insurance Corporation's (FDIC) proposed reduction of bank insurance premiums once the Bank Insurance Fund (BIF) is recapitalized, focusing on: (1) the likelihood, potential size, and timing of a premium rate differential between banks and thrifts; (2) the possible effects of the premium rate differential on the two industries; (...
Federal Deposit Insurance
GGD-95-47R: Published: Dec 13, 1994. Publicly Released: Dec 13, 1994.
Pursuant to a congressional request, GAO reviewed whether the: (1) transfer of money from federal deposit insurance funds into mutual funds will significantly affect the assessment income of the Bank Insurance Fund (BIF) and the Savings Association Insurance Fund (SAIF); and (2) Federal Deposit Insurance Corporation's (FDIC) projections for BIF and SAIF consider this movement of money. GAO noted t...
Deposit Insurance Funds: Compliance with Obligation and Repayment Requirements as of March 31, 1994
AIMD-95-15: Published: Nov 4, 1994. Publicly Released: Nov 4, 1994.
Pursuant to a legislative requirement, GAO reviewed the Federal Deposit Insurance Corporation's (FDIC) quarterly compliance with the maximum obligation limitation established by the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA).GAO found that: (1) the Bank Insurance Fund's (BIF) assets and other funding sources exceeded its obligations by $48 billion, and the Savings Assoc...
Corporate Credit Unions: Condition, Issues, and Concerns
T-GGD-95-15: Published: Oct 6, 1994. Publicly Released: Oct 6, 1994.
Pursuant to a congressional request, GAO discussed issues concerning the financial condition and investment practices of corporate credit unions and the U.S. Central Credit Union. GAO noted that: (1) many small insured credit unions have placed a substantial part of their unloaned deposits in corporate credit unions for investment purposes; (2) the operation and investments of corporates must be f...
Credit Unions: Both Industry and Insurance Fund Appear Financially Sound
T-GGD-94-142: Published: Sep 29, 1994. Publicly Released: Sep 29, 1994.
GAO discussed the financial condition of federally insured credit unions and the National Credit Union Share Insurance Fund. GAO noted that: (1) credit unions fared better in the 1980s than did banks and thrifts; (2) since 1990, credit union assets have increased 46 percent and credit union capital has increased from 7.6 percent to 9.1 percent of assets; (3) loan delinquencies and losses are lower...
FDIC Equity Investments
GGD-94-196R: Published: Aug 26, 1994. Publicly Released: Aug 26, 1994.
GAO reviewed the Federal Deposit Insurance Corporation's (FDIC) use of equity investments to facilitate the resolution of failed banks. GAO noted that: (1) although FDIC equity investments can reduce insurance fund losses and even generate profits, they can also increase potential losses and create conflicts of interest with FDIC roles as bank regulator and insurer; (2) FDIC does not have formal p...