Deposit insurance (21 - 30 of 47 items)
Resolution Trust Corporation: Funding, Organization, and Performance
T-GGD-93-13: Published: Mar 18, 1993. Publicly Released: Mar 18, 1993.
Pursuant to a congressional request, GAO discussed the Resolution Trust Corporation (RTC) and its thrift resolution efforts, focusing on: (1) funding requirements for RTC and the Savings Association Insurance Fund (SAIF); (2) the need to move resolution responsibilities from RTC to the Federal Deposit Insurance Corporation (FDIC); and (3) RTC operational performance. GAO noted that: (1) although R...
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...
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...
Federal Office Space: Obstacles to Purchasing Commercial Properties From RTC, FDIC, and Others
GGD-92-60: Published: Mar 31, 1992. Publicly Released: Mar 31, 1992.
Pursuant to a congressional request, GAO provided information on: (1) the General Services Administration's (GSA) efforts to consider and purchase buildings and other real property from the Resolution Trust Corporation (RTC) and the Federal Deposit Insurance Corporation (FDIC); and (2) any obstacles that could prevent GSA from purchasing such properties.GAO found that: (1) in June 1991, GSA propos...
Girding for Competition
147028: Jan 1, 1992
This article, which appeared in the GAO Journal, No. 15, Spring/Summer 1992, discusses the Federal Deposit Insurance Corporation Improvement Act of 1991 and its effects on the banking industry and U.S. financial system, focusing on the act's provisions for: (1) more promptly closing insolvent banks; (2) accounting and auditing reforms for both banks and their regulators; and (3) forcing banks and...
Failed Thrifts' Assets: RTC's Oversight of 1988 Deals Needs Improvement
GGD-91-116: Published: Aug 21, 1991. Publicly Released: Aug 21, 1991.
GAO assessed the Federal Savings and Loan Insurance Corporation's (FSLIC) oversight of the asset disposition plans submitted by institutions that acquired failed thrifts in fiscal year (FY) 1988 under financial assistance agreements.GAO found that: (1) FSLIC adhered to available guidance in approving or rejecting the asset disposition plans; (2) the 92 approved plans provided information on the hi...
[Comments on FIRREA and CFO Act Audit Requirements for FDIC]
B-239201.3: Published: Jul 25, 1991. Publicly Released: Jul 25, 1991.
GAO commented on whether required audits of Federal Deposit Insurance Corporation (FDIC) financial statements, subject to audit provisions of the Federal Institutions Reform, Recovery, and Enforcement Act of 1989 and the Chief Financial Officers Act of 1990, were consistent. GAO noted that: (1) even though the audits GAO plans to conduct on three FDIC administered funds would satisfy the audit pro...
Expanded Powers for Banking Organizations
T-GGD-91-52: Published: Jul 10, 1991. Publicly Released: Jul 10, 1991.
GAO discussed its views on modernizing the U.S. financial system, focusing on issues related to: (1) expanding banking organizations' powers; and (2) commercial ownership of U.S. banks. GAO noted that: (1) while benefits may exist from allowing banking organizations to increase their activities, competitors and other forces in the market could impose risks that would exacerbate the industry's prob...
Resolving Large Bank Failures
T-GGD-91-27: Published: May 9, 1991. Publicly Released: May 9, 1991.
GAO discussed issues associated with resolving large bank failures. GAO noted that: (1) the problems and incentives associated with resolving large bank failures show the need for comprehensive reform of the deposit insurance and bank supervisory systems; (2) any attempts to increase depositor discipline must be preceded by other reforms to improve the safety and soundness of banking operations; a...
Deposit Insurance: A Strategy for Reform
T-GGD-91-12: Published: Mar 7, 1991. Publicly Released: Mar 7, 1991.
GAO discussed: (1) issues associated with reforming the federal deposit insurance system, focusing on whether such reforms will result in a more safe, sound, and stable banking industry; and (2) the comparison between its reform approach with that of the Department of the Treasury. GAO noted that its three-part reform program could change bank regulation and supervision and deposit insurance syste...