Bank management (21 - 30 of 72 items)
The Results Act: Observations on OTS' Annual Performance Plan
GGD-98-191R: Published: Sep 29, 1998. Publicly Released: Sep 29, 1998.
Pursuant to a congressional request, GAO provided information on the Office of Thrift Supervision's (OTS) annual performance plan for calendar year 1998 submitted to Congress to meet the requirements of the Government Performance and Results Act of 1993.GAO noted that: (1) OTS' performance plan is a good early effort in preparing a plan that incorporates the basic elements required by the Results...
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...
Electronic Banking: Experiences Reported by Banks in Implementing On-line Banking
GGD-98-34: Published: Jan 15, 1998. Publicly Released: Feb 17, 1998.
Pursuant to a congressional request GAO reviewed: (1) the channels used to deliver online banking services; (2) the reasons for implementing online banking; (3) whether online banking met or exceeded expectations; and (4) the electronic links that banks had with other payment systems.GAO noted that: (1) as of June 1997, an estimated 7 percent of U.S. banks offered online banking services, which mo...
Bank and Thrift Examinations: Adoption of Risk-Focused Examination Strategies
T-GGD-98-13: Published: Oct 8, 1997. Publicly Released: Oct 8, 1997.
GAO discussed bank and thrift supervision and examination.GAO noted that: (1) bank supervision and examination today show evidence of lessons learned from the bank and thrift crises of the 1980s and early 1990s; (2) these procedures are the primary basis for federal regulatory agencies to assess the risks that banks and thrifts assume and to take actions to maintain a safe and sound banking system...
Federal Reserve Banks: Internal Controls Over Cash at Atlanta, Los Angeles, and Philadelphia Banks
AIMD-97-127: Published: Aug 28, 1997. Publicly Released: Aug 28, 1997.
Pursuant to a congressional request, GAO reviewed the work of the Federal Reserve's external auditor, Coopers & Lybrand L.L.P., in reporting on the effectiveness of the internal control structure over financial reporting for cash at the Atlanta and Philadelphia Federal Reserve Banks, and the Los Angeles Branch, focusing on whether: (1) the work was conducted in accordance with applicable professio...
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...
Inspectors General: Mandated Studies to Review Costly Bank and Thrift Failures
GGD-97-4: Published: Nov 7, 1996. Publicly Released: Nov 7, 1996.
Pursuant to a legislative requirement, GAO reviewed the compliance of the Inspectors General (IG) offices of the Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation (FDIC), and the Department of the Treasury with section 38(k) of the Federal Deposit Insurance Act of 1991, focusing on: (1) the findings of the material loss review (MLR) reports initiated between J...
Federal Reserve Banks: Inaccurate Reporting of Currency at the Los Angeles Branch
AIMD-96-146: Published: Sep 30, 1996. Publicly Released: Sep 30, 1996.
Pursuant to a congressional request, GAO reviewed currency activity reports prepared by the Los Angeles Federal Reserve Bank, focusing on: (1) problems in reporting currency activity for Federal Reserve System (FRS) note receipts, payments, and amount on hand; and (2) corrective actions planned or taken by FRS to resolve those problems.GAO found that the Los Angeles Bank: (1) incorrectly prepared...
Financial Institutions and Markets Issue Area: Active Assignments
AA-96-6(4): Published: Sep 3, 1996. Publicly Released: Sep 3, 1996.
GAO provided information on its active assignments in the Financial Institutions and Markets issue area as of September 3, 1996...
Financial Audit: Federal Deposit Insurance Corporation's 1995 and 1994 Financial Statements
AIMD-96-89: Published: Jul 15, 1996. Publicly Released: Jul 15, 1996.
GAO audited the financial statements of the Bank Insurance Fund, the Savings Association Insurance Fund, and the Federal Savings and Loan Insurance Corporation Resolution Fund for the years ended December 31, 1995 and 1994. GAO also highlighted the condition of the banking and thrift industries and the Federal Deposit Insurance Corporation's (FDIC) progress in addressing previously identified inte...