Banking regulation (71 - 80 of 84 items)
Failed Thrifts: Bank Board's 1988 Texas Resolutions
GGD-89-59: Published: Mar 11, 1989. Publicly Released: Mar 11, 1989.
Pursuant to a congressional request, GAO reviewed the Federal Home Loan Bank Board's (FHLBB) assistance of 87 insolvent Texas thrifts during 1988.GAO found that the FHLBB Southwest Plan for resolving the insolvent thrift problem: (1) focused primarily on Texas, since its insolvent thrifts constituted about 25 percent of all insolvent thrifts and held 34 percent of insolvent thrift assets; (2) cons...
Bank and Savings and Loan Insurance Funds: Financial Condition and Proposed Reforms
T-AFMD-89-3: Published: Mar 10, 1989. Publicly Released: Mar 10, 1989.
GAO discussed the financial condition of the banking industry and the savings and loan (S&L) industry, and recommendations for solving the S&L crisis. GAO found that: (1) despite the adverse events of the last decade, the banking industry and its insurer, the Federal Deposit Insurance Corporation (FDIC), remain fairly healthy; (2) U.S. banks in general have curtailed or eliminated new loans to les...
High Yield Bond Market
T-GGD-89-9: Published: Mar 2, 1989. Publicly Released: Mar 2, 1989.
GAO discussed: (1) the use of high-yield bonds in corporate takeovers; and (2) federally insured thrift institutions' high-yield bond investments. GAO noted that: (1) high-yield bonds provided 12 percent of financing for hostile corporate takeovers, although some initial financing sources were refinanced using high-yield bonds; (2) the high-yield bond market grew from about $9 billion in 1977 to $...
High Yield Bonds: Issues Concerning Thrift Investments in High Yield Bonds
GGD-89-48: Published: Mar 2, 1989. Publicly Released: Mar 2, 1989.
Pursuant to a legislative requirement, GAO discussed the high-yield bond market, focusing on: (1) federally insured thrifts' investments in high-yield bonds; (2) state and federal regulation of such investments; and (3) the relationship of high-yield bonds to federal monetary policy.GAO found that: (1) the Federal Home Loan Bank Board (FHLBB) and thrift institutions lacked comparative data on high...
Banking: Conflict of Interest Abuses in Commercial Banking Institutions
GGD-89-35: Published: Jan 27, 1989. Publicly Released: Feb 27, 1989.
In response to a congressional request, GAO provided information on conflicts of interest in commercial banking institutions, focusing on: (1) the types of conflicts of interest and associated abuses; (2) how to control conflicts of interest and limit associated abuses; and (3) the impact of expanded banking securities powers on conflicts of interest and associated abuses.GAO interviewed bankers,...
Resolving the Savings and Loan Crisis
T-GGD-89-7: Published: Feb 22, 1989. Publicly Released: Feb 22, 1989.
GAO discussed and made recommendations on how best to resolve the savings and loan crisis. GAO found that: (1) the Federal Home Loan Bank Board's (FHLBB) emphasis on industry promotion and the Federal Savings and Loan Insurance Corporation's (FSLIC) lack of independence weakened the FSLIC risk management and insurance function; (2) in order to resolve the crisis, FSLIC needs at least $85 billion m...
Troubled Financial Institutions: Solutions to the Thrift Industry Problem
GGD-89-47: Published: Feb 21, 1989. Publicly Released: Feb 21, 1989.
In response to a congressional request, GAO discussed: (1) the benefits and disadvantages of merging the Federal Deposit Insurance Corporation (FDIC) and the Federal Savings and Loan Insurance Corporation (FSLIC); and (2) actions needed to restore the deposit system's financial health.GAO believes that: (1) the current strategy for resolving insolvent institutions is costly and does not consider t...
Commercial Banking: Trends in Performance From December 1976 Through June 1987
GGD-88-106BR: Published: Jul 28, 1988. Publicly Released: Jul 28, 1988.
In response to a congressional request, GAO reviewed all commercial banks the Federal Deposit Insurance Corporation insured to determine current conditions and recent trends in commercial bank performance from December 31, 1976 through June 30, 1987.GAO found that: (1) between 1976 and 1987, commercial banking industry assets grew from $1,182 billion to $2,913 billion; (2) the asset growth rate de...
The Federal Savings and Loan Insurance Corporation--Current Financial Condition and Outlook
T-AFMD-88-12: Published: May 19, 1988. Publicly Released: May 19, 1988.
GAO discussed the Federal Savings and Loan Insurance Corporation's (FSLIC) financial condition. GAO noted that, during 1987: (1) one-third of the 3,147 FSLIC-insured savings and loan institutions experienced $13.4 billion in losses due to diversification into riskier activities, the high cost of funds, and insufficient management; (2) 500 insolvent institutions and 435 barely solvent institutions...
Using 'Firewalls' in a Post Glass-Steagall Banking Environment
T-GGD-88-25: Published: Apr 13, 1988. Publicly Released: Apr 13, 1988.
Pursuant to a congressional request, GAO discussed the use of "firewalls," legal and regulatory measures that separate a company's banking and nonbanking activities, in the event of repeal or relaxation of the Banking Act of 1933. GAO noted that firewalls protect bank safety and prevent conflict-of-interest abuses by promoting: (1) legal separation so that banks are not legally liable for their af...