Bank management (21 - 30 of 103 items)
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 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...
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: 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...
Resolution Trust Corporation: Asset Purchase Option for Resolution of City Federal Savings Bank
GGD-93-77: Published: Apr 30, 1993. Publicly Released: Apr 30, 1993.
Pursuant to a congressional request, GAO reviewed the Resolution Trust Corporation's (RTC) asset purchase option agreement to determine whether the selection and sale of assets complied with asset disposition statutory requirements, focusing on: (1) the City Federal Savings Bank resolution transaction and asset purchase option; and (2) RTC obligations and efforts to satisfy the requirements of the...
Bank and Thrift Regulation: Concerns About Credit Availability and Regulatory Burden
T-GGD-93-10: Published: Mar 17, 1993. Publicly Released: Mar 17, 1993.
GAO discussed the availability of bank credit to small and medium-sized businesses and the amount of regulatory burden placed on banking institutions. GAO noted that: (1) the Federal Deposit Insurance Corporation Improvement Act reforms are essential for protecting banks and taxpayers from rising deposit insurance costs; (2) problems with lending restrictions, particularly relating to commercial a...
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...
Bank and Thrift Failures: The Government Could Do More to Pursue Fraud and Wrongdoing
T-GGD-93-1: Published: Jan 28, 1993. Publicly Released: Jan 28, 1993.
GAO discussed the financial institution crisis, focusing on: (1) the extent that criminal and negligent behavior contributed to failures or losses to deposit insurance funds; (2) the difficulty of investigating and prosecuting financial institution fraud; (3) enforcement problems that could lead to legislative changes; and (4) steps to prevent future financial institution fraud. GAO noted that: (1...
Banks and Thrifts: Safety and Soundness Reforms Need to Be Maintained
T-GGD-93-3: Published: Jan 27, 1993. Publicly Released: Jan 27, 1993.
GAO discussed the condition of the banking and thrift industries, focusing on: (1) the safety and soundness provisions of the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA); (2) the condition of the banking and thrift industries' insurance funds; (3) the volume of bank lending; and (4) congressional oversight. GAO noted that: (1) FDICIA requires that banks operate in a safe...
Thrift Resolutions: FSLIC 1988 and 1989 Assistance Agreement Costs Subject to Continuing Uncertainties
AFMD-92-78: Published: Aug 3, 1992. Publicly Released: Aug 3, 1992.
GAO provided information on the costs of the Federal Savings and Loan Insurance Corporation's (FSLIC) 1988 and 1989 assistance agreements.GAO found that: (1) FSLIC 1988 and 1989 assistance agreements payments totalled $56.1 billion; (2) 1990 total estimated payments decreased by $9.3 billion, largely resulting from future interest cost savings and a $15.7-billion Resolution Trust Corporation (RTC)...