Banking regulation (81 - 89 of 89 items)
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...
Banking: Off-Balance-Sheet Activities
GGD-88-35BR: Published: Mar 17, 1988. Publicly Released: Mar 25, 1988.
Pursuant to a congressional request, GAO provided information on commercial banks' off-balance-sheet (OBS) activities, focusing on: (1) the growth and volume of OBS activities from 1980 to 1987; (2) eight different OBS activities and the related risks; (3) the primary concerns of U.S. and foreign bank regulators; and (4) recent regulatory proposals requiring banks to maintain capital for certain O...
Preliminary Observations on the Market Crash of October 1987
T-OCG-88-1: Published: Jan 26, 1988. Publicly Released: Jan 26, 1988.
GAO discussed the October 1987 market crash, focusing on ways in which to: (1) protect the rest of the economy; (2) ensure that markets can function; and (3) ensure that individual investors receive fair treatment. GAO noted that the Federal Reserve System: (1) effectively met its responsibility during the market crash as money supply manager, last-resort lender, and overseer of the nation's finan...
Bank Secrecy Act: Financial Institution Regulators' Compliance Examinations
GGD-86-94: Published: Aug 1, 1986. Publicly Released: Sep 3, 1986.
In response to a congressional request, GAO evaluated regulatory agencies' efforts to ensure that financial institutions comply with the Bank Secrecy Act.GAO found that regulatory agencies placed a low priority on the act's requirement for examinations of financial institutions, which diminished their ability to ensure compliance with the act. GAO believes that these agencies could improve their a...
Financial Audit: Federal Savings and Loan Insurance Corporation's 1985 and 1984 Financial Statements
AFMD-86-65: Published: Jul 2, 1986. Publicly Released: Jul 2, 1986.
GAO reported on the Federal Savings and Loan Insurance Corporation's (FSLIC) 1984 and 1985 financial statements, specifically its internal accounting controls and compliance with laws and regulations.GAO found that: (1) FSLIC listed its loss contingencies in 1985 at $5.2 billion, while its insurance reserves for that year were only $4.6 billion; (2) FSLIC estimates that more than 200 institutions...