Bank examination (11 - 20 of 53 items)
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...
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...
Bank Regulatory Structure: The Federal Republic of Germany
GGD-94-134BR: Published: May 9, 1994. Publicly Released: May 9, 1994.
Pursuant to a congressional request, GAO reviewed the German bank regulatory structure and its key participants, focusing on: (1) how the German bank structure functions; and (2) central bank responsibilities that affect the German banking industry.GAO found that: (1) the German bank regulatory structure consists of both public and private participants; (2) two German federal agencies share certai...
Bank Insider Activities: Insider Problems and Violations Indicate Broader Management Deficiencies
GGD-94-88: Published: Mar 30, 1994. Publicly Released: Mar 30, 1994.
Pursuant to a congressional request, GAO reviewed: (1) insider activities at failed and open banks; (2) the underlying reasons for insider problems, such as insider fraud, insider abuse, and loan losses to insiders; (3) federal bank regulators' oversight of such activities; and (4) the overall amount of insider lending in the U.S. banking industry.GAO found that: (1) insider fraud and loan losses...
Bank Regulation: Consolidation of the Regulatory Agencies
T-GGD-94-106: Published: Mar 4, 1994. Publicly Released: Mar 4, 1994.
GAO discussed proposed legislation to consolidate the regulatory activities of the Office of the Comptroller of the Currency (OCC), Office of Thrift Supervision (OTS), Federal Reserve, and Federal Deposit Insurance Corporation (FDIC) and create a Federal Banking Commission. GAO noted that: (1) problems arising from four agencies' regulation of banks and thrifts include limited bank safety and soun...
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...
Bank and Thrift Regulation: Improvements Needed in Examination Quality and Regulatory Structure
T-AFMD-93-2: Published: Feb 16, 1993. Publicly Released: Feb 16, 1993.
GAO reviewed bank and thrift examinations and bank holding company inspections performed by the Federal Deposit Insurance Corporation (FDIC), Federal Reserve Board (FRB), Office of the Comptroller of the Currency (OCC), and the Office of Thrift Supervision (OTS). GAO noted that: (1) 94 percent of the bank and thrift examinations performed did not include an adequate assessment of internal controls...
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...
Condition of the Bank Insurance Fund: Outlook Affected by Economic, Accounting, and Regulatory Issues
T-AFMD-92-11: Published: Jun 30, 1992. Publicly Released: Jun 30, 1992.
GAO discussed the Bank Insurance Fund's (BIF) financial statements. GAO noted that: (1) BIF 1991 financial statements disclosed a $7-billion deficit, a culmination of 4 consecutive years of net losses; (2) the Federal Deposit Insurance Corporation's (FDIC) resolution activities may not be keeping pace with the recognition of losses from troubled institutions; (3) the number of identified problems...