Financial institutions (61 - 70 of 75 items)
Deposit Insurance and Related Reforms
T-GGD-90-46: Published: Sep 19, 1990. Publicly Released: Sep 19, 1990.
GAO discussed deposit insurance reform. GAO noted that the current deposit insurance system is not the relatively and inexpensive proposition it appeared to be in the past because most of the characteristics which deflected risk away from the banks have been stripped away or significantly diminished due to advances in technology and other factors. GAO also noted that actions that could align the d...
Resolving Failed Savings and Loan Institutions: Estimated Costs and Additional Funding Needs
T-AFMD-90-32: Published: Sep 19, 1990. Publicly Released: Sep 19, 1990.
GAO discussed: (1) the Resolution Trust Corporation's (RTC) funding needs; and (2) RTC, its Oversight Board's, and the Congressional Budget Office's (CBO) cost estimates for resolving failed and troubled savings institutions. GAO noted that: (1) the Office of Thrift Supervision developed a rating system to measure the relative health of individual institution's financial conditions, compliance wit...
Savings and Loan Crisis: Federal Response to Fraud in Financial Institutions
T-GGD-90-61: Published: Aug 1, 1990. Publicly Released: Aug 1, 1990.
GAO discussed the federal response to fraud in depository institutions. GAO noted that: (1) in the past 4.5 years, 831 banks and 515 thrifts have failed and have been resolved; (2) of the 7,097 financial institution fraud investigations underway, 3,027 were major investigations involving banks', thrifts', and credit unions' potential losses of $100,000 or more; (3) the full cost of insured thrift...
Failed Thrifts: Better Controls Needed Over Furniture, Fixtures, and Equipment
GGD-90-87: Published: May 25, 1990. Publicly Released: Jun 18, 1990.
Pursuant to a congressional request, GAO determined whether the Federal Savings and Loan Insurance Corporation (FSLIC): (1) efficiently and effectively disposed of furniture, fixtures, and equipment (FF&E) for thrift receiverships under its Southwest Plan; and (2) appropriately took various receiverships' FF&E to furnish a regional FSLIC office.GAO found that: (1) after deducting expenses, FSLIC r...
Asset Management: Resolution Trust Corporation Needs to Build a Strong Foundation to Support Its Asset Disposition Efforts
T-GGD-90-38: Published: May 4, 1990. Publicly Released: May 4, 1990.
GAO discussed the Resolution Trust Corporation's (RTC) progress in disposing of assets. GAO found that: (1) RTC was not ready to aggressively dispose of its assets, but has reported liquidations of about $40 billion through sales, loan collections, and debt retirements; (2) RTC established a training task force to assess its overall training needs and identified areas in need of strengthening; (3)...
Troubled Thrifts: Use of Supervisory Enforcement Actions
GGD-89-105BR: Published: Jul 19, 1989. Publicly Released: Jul 19, 1989.
Pursuant to a congressional request, GAO provided information on the Federal Home Loan Bank Board's (FHLBB) supervisory enforcement actions to prevent or correct targeted violations or unsafe or unsound practices.GAO found that FHLBB enforcement actions at 47 near-failing thrifts between January 1986 and December 1988 were not always effective in preventing or correcting violations or unsafe or un...
Troubled Thrifts: Bank Board Use of Enforcement Actions
GGD-89-68BR: Published: Apr 13, 1989. Publicly Released: May 5, 1989.
In response to a congressional request, GAO provided preliminary information from its assessment of the Federal Home Loan Bank Board's (FHLBB) enforcement actions against near-failing thrift institutions.GAO found that: (1) FHLBB took no formal enforcement action against over 50 percent of the 424 thrift institutions upon which it focused increased oversight; (2) FHLBB placed thrift institutions i...
Thrift Industry: Net Worth and Income Capital Certificates
GGD-86-100FS: Published: Jun 23, 1986. Publicly Released: Jun 23, 1986.
In response to a congressional request, GAO provided information on the Net Worth Certificate Program, specifically: (1) its participants; and (2) the Federal Savings and Loan Insurance Corporation's use of income capital certificates to support the net-worth levels of thrift institutions.GAO found that: (1) Congress is currently considering reauthorizing the program; and (2) two institutions shou...
Thrift Assistance: Industry Restructuring and the Net Worth Certificate Program-Update
GGD-86-71FS: Published: Apr 11, 1986. Publicly Released: Apr 11, 1986.
Pursuant to a congressional request, GAO updated, through the third quarter of 1985, the tables and figures from a September 1985 report it determined to be the most useful in evaluating the Net Worth Certificate Program for thrift institutions.GAO compared all Federal Savings and Loan Insurance Corporation (FSLIC)-insured institutions with: (1) a set of 67 institutions that first participated in...
Information on the Extent of Fully Insured Brokered Deposits in FDIC-Insured Institutions
GGD-86-15FS-S: Published: Dec 6, 1985. Publicly Released: Dec 6, 1985.
Pursuant to a congressional request, GAO supplemented information that it had provided in a previous report on brokered deposits at financial institutions insured by the Federal Deposit Insurance Corporation (FDIC).GAO noted that: (1) FDIC agreed to provide data on bank ratings for FDIC-insured institutions that it had previously refused to provide; (2) the data provided here could not be compared...