Bank management (11 - 20 of 103 items)
Differences in Screening Bank Executives
GGD-95-181R: Published: Aug 17, 1995. Publicly Released: Aug 17, 1995.
GAO examined federal financial regulators' practices for screening applicants for director and senior bank executive positions under section 32 of the Federal Deposit Insurance Act. GAO noted that: (1) the Federal Reserve Board (FRB) requires applicants to fill out a 3-page questionnaire, while the Office of the Comptroller of the Currency (OCC) requires applicants to submit a 15-page biographical...
Inspectors General: Mandated Studies to Review Costly Bank and Thrift Failures
GGD-95-126: Published: Jul 31, 1995. Publicly Released: Jul 31, 1995.
Pursuant to a legislative requirement, GAO: (1) assessed the preparations, procedures, and audit guidelines that certain Inspectors General (IG) have established for material loss reviews (MLR); (2) verified the information contained in the MLR reports; (3) recommended improvements in bank supervision based on MLR reports issued between July 1, 1993, and June 30, 1994; and (4) assessed the economy...
1993 Bank Resolutions: FDIC Further Improved Its Resolution Process
GGD-95-118: Published: Jun 9, 1995. Publicly Released: Jun 9, 1995.
Pursuant to a legislative requirement, GAO reviewed the Federal Deposit Insurance Corporation's (FDIC) compliance with the Federal Deposit Insurance Corporation Improvement Act's (FDICIA) least-cost provisions for resolving troubled depository institutions.GAO found that: (1) FDIC has improved its resolution process and consistently makes decisions based on the least costly resolution alternatives...
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...
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...
1992 Bank Resolutions: FDIC Chose Methods Determined Least Costly, but Needs to Improve Process
GGD-94-107: Published: May 10, 1994. Publicly Released: May 10, 1994.
Pursuant to a legislative requirement, GAO reviewed the Federal Deposit Insurance Corporation's (FDIC): (1) compliance with the least-cost provisions of the Federal Deposit Insurance Act; and (2) resolution process.GAO found that: (1) FDIC generally complied with the cost calculation and documentation requirements for resolving failed thrifts; (2) FDIC procedures to estimate the net realizable val...
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...
Failed Bank: FDIC Sale of CrossLand Conservatorship Satisfied Least-Cost Test
GGD-94-109: Published: Apr 20, 1994. Publicly Released: Apr 20, 1994.
Pursuant to a congressional request, GAO reviewed the Federal Deposit Insurance Corporation's (FDIC) resolution actions regarding the failed CrossLand Federal Savings Bank of Brooklyn, New York, focusing on whether FDIC: (1) complied with the least-cost calculation and documentation requirements; and (2) projected cost savings were realized when FDIC took interim ownership of CrossLand until a fin...