Lending institutions (21 - 30 of 40 items)
Deposit Insurance: A Strategy for Reform
GGD-91-26: Published: Mar 4, 1991. Publicly Released: Mar 4, 1991.
Pursuant to a legislative requirement, GAO reviewed 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.GAO presented a comprehensive three-part reform program that could change the way banks are regulated and supervised, as well as the way the deposit insurance system functions, focu...
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...
Bank Powers: Activities of Securities Subsidiaries of Bank Holding Companies
GGD-90-48: Published: Mar 14, 1990. Publicly Released: Mar 20, 1990.
Pursuant to a congressional request, GAO assessed so-called section 20 securities subsidiaries of bank holding companies.GAO found that: (1) in the third quarter of 1989, 13 section 20 firms underwrote about $69 billion in bank-ineligible securities, a 90-percent increase over the second quarter; (2) in the second quarter of 1989, section 20 firms accounted for about 7 percent of all revenue reali...
Activities of Securities Subsidiaries of Bank Holding Companies
T-GGD-90-21: Published: Mar 19, 1990. Publicly Released: Mar 19, 1990.
GAO discussed the Federal Reserve System's authorization of 21 bank holding companies and 5 foreign banks to expand their securities activities by establishing non-bank subsidiaries. GAO noted that the Federal Reserve needed to consider: (1) a controlled, phased approach to expanding securities activities to ensure sufficient regulation and oversight; (2) whether transferring securities activities...
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 $...
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,...
Failed Thrifts: No Compelling Evidence of a Need for the Federal Asset Disposition Association
GGD-89-26: Published: Dec 12, 1988. Publicly Released: Dec 12, 1988.
In response to a congressional request, GAO assessed the Federal Savings and Loan Insurance Corporation's (FSLIC) continued need for the Federal Asset Disposition Association (FADA) to determine: (1) the legality of the Federal Home Loan Bank Board's (FHLBB) creation of FADA; and (2) whether FSLIC continued to need FADA.GAO found that FHLBB improperly created FADA as a federal savings and loan ass...
Budget Issues: Information on FDIC and FSLIC Notes Payable
AFMD-88-71FS: Published: Aug 5, 1988. Publicly Released: Aug 5, 1988.
Pursuant to a congressional request, GAO provided information regarding the dollar value of interest-paying notes the Federal Deposit Insurance Corporation (FDIC) and the Federal Savings and Loan Insurance Corporation (FSLIC) issued to assist: (1) failing banks to continue operations; and (2) acquirers to purchase failing banks.GAO found that FDIC: (1) issued $466 million in notes during fiscal ye...