Deposit insurance (1 - 10 of 47 items)
Capital Structure of the Federal Home Loan Bank System
GGD-99-177R: Published: Aug 31, 1999. Publicly Released: Sep 30, 1999.
Pursuant to a congressional request, GAO provided information on the capital structure of the Federal Home Loan Bank System.GAO noted that: (1) GAO has consistently supported the establishment of risk-based capital standards applied in combination with a leverage ratio that requires a minimum capital-to-asset ratio for the System; (2) a risk-based capital standard offers a number of benefits that...
Bank Supervision: Closure of the Rushville National Bank
GGD-98-80: Published: Jun 15, 1998. Publicly Released: Jun 15, 1998.
Pursuant to a congressional request, GAO reviewed the events leading up to the 1992 closure of the Rushville National Bank by the Office of the Comptroller of the Currency (OCC), focusing on whether OCC followed its policies and procedures in its: (1) net worth calculation and loan classifications, which led to Rushville's being declared insolvent; (2) decision to close the bank before implementat...
Banking and Commerce
OCE-97-3R: Published: Jun 10, 1997. Publicly Released: Jun 10, 1997.
Pursuant to a congressional request, GAO responded to questions concerning the issue of mixing banking and commerce.GAO noted that: (1) it found no mention of any economic efficiencies that are unique to maintaining the separation of banking and commerce; (2) however, GAO found frequent references in the literature to the likelihood that maintaining the existing separation could be beneficial beca...
Financial Regulation: Bank Modernization Legislation
T-OCE/GGD-97-103: Published: May 7, 1997. Publicly Released: May 7, 1997.
GAO discussed the modernization of the U.S. financial services regulatory system.GAO noted that: (1) the laws governing the financial services industry and the regulatory structure that oversees it were developed for an industry compartmentalized into commercial banking, investment banking, and insurance; (2) in recent decades, however, these activities have converged to where many financial produ...
Separation of Banking and Commerce
OCE/GGD-97-61R: Published: Mar 17, 1997. Publicly Released: Mar 27, 1997.
Pursuant to a congressional request, GAO: (1) reviewed the literature regarding the potential benefits and risks of eliminating the current separation of banking related activities and commerce; (2) assessed the extent of the empirical support for taking such action; and (3) provided its views, and any recommendations that it might have, on the need for consolidated supervision of bank holding com...
Bank and Thrift Regulation: Implementation of FDICIA's Prompt Regulatory Action Provisions
GGD-97-18: Published: Nov 21, 1996. Publicly Released: Nov 21, 1996.
GAO reviewed the Federal Reserve System's (FRS) and the Office of the Comptroller of the Currency's (OCC) efforts to implement the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA) prompt regulatory action provisions and the impact of those provisions on federal oversight of depository institutions.GAO found that: (1) regulators have taken the required steps to implement FDICI...
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...
Deposit Insurance Funds: Analysis of Insurance Premium Disparity Between Banks and Thrifts
T-AIMD-95-223: Published: Aug 2, 1995. Publicly Released: Aug 2, 1995.
GAO discussed the premium rate disparity between banks and thrifts that will develop when the Federal Deposit Insurance Corporation (FDIC) reduces the premium rates that member institutions pay to the Bank Insurance Fund (BIF). GAO noted that: (1) a major premium rate disparity between banks and thrifts will develop in late 1995 after BIF is recapitalized; (2) the Savings Association Insurance Fun...
AIMD-95-154R: Published: May 31, 1995. Publicly Released: May 31, 1995.
Pursuant to a congressional request, GAO provided information on the designated reserve ratio established for the Bank Insurance Fund (BIF) and the Savings Association Insurance Fund (SAIF). GAO noted that: (1) there is a minimum ratio of reserves to insured deposits of 1.25 percent or higher for BIF and SAIF; (2) the Federal Deposit Insurance Corporation may increase the designated ratio for any...
1993 Thrift Resolutions: RTC's Resolution Process Generally Adequate to Determine Least Costly Resolutions
GGD-95-119: Published: May 15, 1995. Publicly Released: May 15, 1995.
Pursuant to a legislative requirement, GAO reviewed the Resolution Trust Corporation's (RTC) compliance with a statutory requirement to: (1) resolve failed thrifts in the least costly manner; and (2) calculate and document its evaluation of alternative resolutions of failed thrifts.GAO found that: (1) RTC has improved its resolution process and curtailed its practice to sell performing loans durin...