Bank examination (21 - 30 of 69 items)
Bank Oversight: Few Cases of Tying Have Been Detected
GGD-97-58: Published: May 8, 1997. Publicly Released: May 20, 1997.
Pursuant to a congressional request, GAO provided information on banks' compliance with the tying provisions of the Bank Holding Company Act Amendments of 1970, focusing on: (1) evidence of tying abuses by banks and their affiliates and regulatory efforts to ensure compliance with the provisions; (2) views on the tying provisions expressed by representatives of securities and insurance firms and i...
Bank Oversight: Fundamental Principles for Modernizing the U.S. Structure
T-GGD-96-117: Published: May 2, 1996. Publicly Released: May 2, 1996.
GAO discussed efforts to modernize the U.S. federal bank oversight structure, focusing on: (1) how the U.S. oversight structure compares with five other industrialized countries; and (2) whether these countries' structures can be used to assist U.S. reform. GAO noted that: (1) U.S. structural reform should include a more consolidated and comprehensive oversight of companies owning federally insure...
Community Reinvestment Act: Preliminary Results of GAO's Study on CRA Problems and Proposed Reforms
T-GGD-95-113: Published: Mar 8, 1995. Publicly Released: Mar 8, 1995.
Pursuant to a congressional request, GAO discussed the implementation of the Community Reinvestment Act (CRA). GAO noted that: (1) CRA requires bank regulators to assess banks' community lending performance during examinations; (2) community groups urged the passage of CRA to curb what they believed to be a lack of adequate investment in low- and moderate-income areas; (3) community groups have ra...
National Consumer Cooperative Bank: Oversight Adequate But Federal Loan Repayment Needs Monitoring
GGD-95-63: Published: Feb 24, 1995. Publicly Released: Feb 24, 1995.
Pursuant to a congressional request, GAO reviewed the safety and soundness of the National Consumer Cooperative Bank (NCB), focusing on whether NCB is: (1) fiscally sound; and (2) able to repay its debt to the Department of the Treasury.GAO found that: (1) NCB is a private, cooperatively-owned financial institution with limited ties to the government; (2) although NCB is overseen by the Farm Credi...
Bank and Thrift Regulation: Better Guidance Is Needed for Real Estate Evaluations
GGD-94-144: Published: May 24, 1994. Publicly Released: May 24, 1994.
Pursuant to a legislative requirement, GAO reviewed the de minimis appraisal threshold set by federal financial regulators and the regulatory guidance provided to financial institutions on real estate evaluation practices and examination procedures.GAO found that: (1) financial regulators do not provide adequate guidance to financial institutions for establishing minimum evaluation standards or sp...
Bank Insider Activities: Insider Problems and Violations Indicate Broader Management Deficiencies
GGD-94-88: Published: Mar 30, 1994. Publicly Released: Mar 30, 1994.
Pursuant to a congressional request, GAO reviewed: (1) insider activities at failed and open banks; (2) the underlying reasons for insider problems, such as insider fraud, insider abuse, and loan losses to insiders; (3) federal bank regulators' oversight of such activities; and (4) the overall amount of insider lending in the U.S. banking industry.GAO found that: (1) insider fraud and loan losses...
Bank and Thrift Regulation: FDICIA Safety and Soundness Reforms Need to Be Maintained
T-AIMD-93-5: Published: Sep 23, 1993. Publicly Released: Sep 23, 1993.
GAO discussed H.R. 962, the Economic Growth and Financial Institutions Regulatory Paperwork Act of 1993, focusing on the effect this bill would have on credit availability and the safety and soundness of the industry. GAO noted that: (1) H.R. 962 proposes eliminating or altering several of the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA) safety and soundness reforms conce...
Credit Availability Guidance
GGD-93-15R: Published: Mar 30, 1993. Publicly Released: Mar 30, 1993.
Pursuant to a congressional request, GAO reviewed regulatory policy initiatives that address the continued decline in credit availability. GAO found that: (1) regulators have issued financial guidance to clarify existing policies relating to financial institutions' assets and capital requirements; (2) uniform regulatory guidance ensures that bank examiners consistently evaluate the safety and soun...
Bank and Thrift Regulation: Improvements Needed in Examination Quality and Regulatory Structure
T-AFMD-93-2: Published: Feb 16, 1993. Publicly Released: Feb 16, 1993.
GAO reviewed bank and thrift examinations and bank holding company inspections performed by the Federal Deposit Insurance Corporation (FDIC), Federal Reserve Board (FRB), Office of the Comptroller of the Currency (OCC), and the Office of Thrift Supervision (OTS). GAO noted that: (1) 94 percent of the bank and thrift examinations performed did not include an adequate assessment of internal controls...
Bank Examination Quality: FDIC Examinations Do Not Fully Assess Bank Safety and Soundness
AFMD-93-12: Published: Feb 16, 1993. Publicly Released: Feb 16, 1993.
GAO reviewed bank examinations performed by the Federal Deposit Insurance Corporation (FDIC).GAO found that: (1) the most recent FDIC examination did not include sufficient evidence for detecting loan quality problems for at least 40 percent of the banks FDIC supervised as of September 30, 1990; (2) FDIC officials believed that examiners were adequately evaluating loans but were not documenting th...