Bank management (61 - 70 of 72 items)
Bank Powers: Issues Relating to Banks Selling Insurance
GGD-90-113: Published: Sep 25, 1990. Publicly Released: Sep 25, 1990.
Pursuant to a congressional request, GAO evaluated the potential effects of banks selling insurance on consumers, other insurance sellers, and bank safety and soundness.GAO found that: (1) banks could reduce consumers' insurance costs by lowering the costs of marketing and selling policies through joint marketing of bank and insurance products to customers; (2) since sales represented only a fract...
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...
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...
Electronic Funds Transfer: Oversight of Critical Banking Systems Should Be Strengthened
IMTEC-90-14: Published: Jan 4, 1990. Publicly Released: Feb 21, 1990.
Pursuant to a congressional request, GAO assessed security measures for national and international electronic funds transfer systems, focusing on: (1) four Federal Reserve banks' security measures for the Federal Reserve Communications System (Fedwire); (2) the New York Clearing House Association's protective measures for its Clearing House Interbank Payments System (CHIPS); and (3) the Society fo...
Financial Condition of the Federal Deposit Insurance Corporation's Bank Insurance Fund
T-AFMD-89-15: Published: Sep 19, 1989. Publicly Released: Sep 19, 1989.
GAO discussed the financial condition of the Federal Deposit Insurance Corporation's (FDIC) Bank Insurance Fund. GAO noted that: (1) FDIC spent $7.3 billion during 1988 to assist record numbers of insolvent or barely solvent banks; (2) the fund incurred its first net loss, totalling $4.2 billion, in 1988, and also reduced its ratio of fund balance to insured deposits to 0.83, the lowest level ever...
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...
Thrift Failures: Costly Failures Resulted From Regulatory Violations and Unsafe Practices
AFMD-89-62: Published: Jun 16, 1989. Publicly Released: Jun 16, 1989.
GAO reviewed the Federal Savings and Loan Corporation's (FSLIC) activities to: (1) identify the common characteristics of the most costly failed thrifts, focusing on violations of federal laws or regulations, related unsafe practices, and fraud and insider abuse; (2) compare and contrast the characteristics with solvent thrifts; and (3) identify the impact of deregulation, regional or local econom...
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...
Failed Thrifts: Internal Control Weaknesses Create an Environment Conducive to Fraud, Insider Abuse, and Related Unsafe Practices
T-AFMD-89-4: Published: Mar 22, 1989. Publicly Released: Mar 22, 1989.
GAO discussed thrift management practices which primarily caused thrift insolvency and failure. GAO noted that: (1) the Federal Home Loan Bank Board (FHLBB) cited criminal activity, fraud, and insider abuse as the primary causes of thrift insolvency; (2) examination of 26 failed thrifts showed that 85 referrals for alleged criminal activity were made regarding 19 thrifts; (3) investigations led to...
Commercial Banking: Trends in Performance From December 1976 Through June 1987
GGD-88-106BR: Published: Jul 28, 1988. Publicly Released: Jul 28, 1988.
In response to a congressional request, GAO reviewed all commercial banks the Federal Deposit Insurance Corporation insured to determine current conditions and recent trends in commercial bank performance from December 31, 1976 through June 30, 1987.GAO found that: (1) between 1976 and 1987, commercial banking industry assets grew from $1,182 billion to $2,913 billion; (2) the asset growth rate de...