Insured commercial banks (51 - 60 of 208 items)
Resolution Trust Corporation: Analysis of Selected Asset Sales and Financial Data
GGD-94-37: Published: Feb 1, 1994. Publicly Released: Feb 1, 1994.
GAO reviewed the costs and revenues associated with Resolution Trust Corporation (RTC) assets under standard asset management and disposition agreement (SAMDA) contracts, focusing on: (1) holding costs and revenues; (2) holding times; (3) net recovery rates; and (4) how RTC could use asset information to maximize recoveries.GAO found that: (1) it could not determine holding costs and revenues, hol...
Bank Insurance Fund: Review of Loss Estimation Methodologies
AIMD-94-48: Published: Dec 9, 1993. Publicly Released: Jan 10, 1994.
Pursuant to a congressional request, GAO reviewed certain public and private-sector estimates of bank failures and related losses incurred by the Bank Insurance Fund (BIF), focusing on the: (1) various approaches used by these forecasters in estimating bank failures and losses; and (2) similarities, differences, and key assumptions of their estimation methodologies.GAO found that: (1) the forecast...
Federal Home Loan Bank System: Reforms Needed to Promote Its Safety, Soundness, and Effectiveness
GGD-94-38: Published: Dec 8, 1993. Publicly Released: Dec 8, 1993.
Pursuant to a congressional request, GAO reviewed various aspects of the Federal Home Loan Bank (FHLBank) System, focusing on: (1) whether the FHLBank System can pay its assessments for affordable housing and help finance the savings and loan cleanup while carrying out its mission; (2) appropriate capital standards for the FHLBank System; (3) whether the terms of FHLBank membership should be chang...
Resolution Trust Corporation: Status of Management Efforts to Control Costs
GGD-94-19: Published: Oct 28, 1993. Publicly Released: Oct 28, 1993.
GAO reviewed the Resolution Trust Corporation's (RTC) efforts to monitor and control its liquidation costs.GAO found that: (1) RTC has incurred millions in unnecessary or questionable costs because it has not adequately controlled costs by adopting a stronger budget process, emphasizing cost control, and using expense accounting information to identify excess costs or expense reductions; (2) RTC e...
Deposit Insurance Funds: Compliance With Obligation and Repayment Requirements as of 9/30/92 and 12/31/92
AIMD-93-75: Published: Sep 30, 1993. Publicly Released: Sep 30, 1993.
GAO reviewed the Federal Deposit Insurance Corporation's (FDIC) compliance with obligation and repayment requirements, focusing on: (1) Bank Insurance Fund (BIF) and Savings Association Insurance Fund (SAIF) compliance with the statutory maximum obligation limitation specified in the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA); (2) BIF and SAIF borrowings from the U.S. T...
Bank and Thrift Regulation: FDICIA Safety and Soundness Reforms Need to Be Maintained
T-AIMD-93-5: Published: Sep 23, 1993. Publicly Released: Sep 23, 1993.
GAO discussed H.R. 962, the Economic Growth and Financial Institutions Regulatory Paperwork Act of 1993, focusing on the effect this bill would have on credit availability and the safety and soundness of the industry. GAO noted that: (1) H.R. 962 proposes eliminating or altering several of the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA) safety and soundness reforms conce...
Thrift Failures: Federal Enforcement Actions Against Fraud and Wrongdoing in RTC Thrifts
GGD-93-94: Published: Aug 10, 1993. Publicly Released: Sep 9, 1993.
Pursuant to a congressional request, GAO provided information on civil and criminal enforcement against offenses in failed thrifts under the Resolution Trust Corporation's (RTC) control, focusing on the number of: (1) federal civil actions; (2) referrals concerning suspected criminal activity in RTC thrifts; and (3) sentences imposed on criminal offenders.GAO found that: (1) RTC has filed 217 civi...
Bank Regulation: Regulatory Impediments to Small Business Lending Should Be Removed
GGD-93-121: Published: Sep 7, 1993. Publicly Released: Sep 7, 1993.
GAO provided information on small business bank credit and the impact that regulations have on its availability, focusing on whether regulations on small business lending can be safely reduced.GAO found that: (1) bankers have become more conservative in small business lending because of economic considerations; (2) regulatory burdens related to real estate collateral and appraisal requirements hav...
Resolution Trust Corporation: Summary of GAO Products
GGD-93-128: Published: Jul 20, 1993. Publicly Released: Aug 27, 1993.
Pursuant to a congressional request, GAO: (1) provided summaries of its products on the Resolution Trust Corporation (RTC) and related issues; (2) updated RTC actions to implement recommendations; and (3) discussed the applicability of federal regulations limiting the contracting out of inherently governmental functions.GAO found that: (1) since RTC started its operations in August 1989, 98 produc...
Thrift Failures: Actions Needed to Stabilize RTC's Professional Liability Program
GGD-93-105: Published: Jun 28, 1993. Publicly Released: Jul 19, 1993.
Pursuant to a congressional request, GAO provided information on: (1) various management changes to the Resolution Trust Corporation's (RTC) Professional Liability Section (PLS) program; (2) PLS staffing and the filing and disposition of PLS cases; and (3) actions RTC needs to take to maintain the PLS program as its functions are transferred to the Federal Deposit Insurance Corporation (FDIC).GAO...