Bank examination (41 - 50 of 69 items)
Federal Supervision of Overseas Lending by U.S. Banks
T-NSIAD-89-42: Published: Jun 27, 1989. Publicly Released: Jun 27, 1989.
GAO reviewed federal supervision of overseas lending by U.S. banks. GAO found that: (1) federal bank regulators have not required adequate levels of loan loss reserves, given the large risk in loans to less-developed countries; (2) regulators should use secondary market prices as the principal consideration in setting reserve requirements; (3) regulators should require reserves for all loans rated...
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...
International Banking: Supervision of Overseas Lending Is Inadequate
NSIAD-88-87: Published: May 5, 1988. Publicly Released: May 12, 1988.
Pursuant to a congressional request, GAO assessed the Department of the Treasury's Office of the Comptroller of the Currency's (OCC), the Federal Reserve System's (FRS), and the Federal Deposit Insurance Corporation's (FDIC) supervision of U.S. banks' international lending, focusing on the agencies': (1) compliance with the International Lending Supervision Act of 1983; and (2) actions in response...
The Federal Savings and Loan Insurance Corporation--Financial Condition and Recapitalization Issues
T-AFMD-87-4: Published: Mar 3, 1987. Publicly Released: Mar 3, 1987.
GAO discussed: (1) a proposed Federal Savings and Loan Insurance Corporation (FSLIC) recapitalization act; and (2) the financial health of FSLIC and savings and loan institutions (S&L). GAO noted that: (1) from 1981 to 1986, 211 S&L failed, and the number of insolvent S&L increased from 16 to 44; (2) 15 percent of current FSLIC-insured S&L are insolvent and 20 percent are unprofitable; (3) diversi...
Thrift Industry: The Treasury/Federal Home Loan Bank Board Plan for FSLIC Recapitalization
GGD-87-46BR: Published: Mar 3, 1987. Publicly Released: Mar 3, 1987.
Pursuant to a congressional request, GAO discussed the need for a recapitalization of the Federal Savings and Loan Insurance Corporation (FSLIC) and analyzed a recapitalization plan that the Department of the Treasury and the Federal Home Loan Bank Board (FHLBB) proposed.GAO found that FSLIC is in dire need of recapitalization because: (1) its primary reserves have fallen below $2 billion; (2) it...
International Banking: The Framework Underlying Country Risk in International Lending
NSIAD-86-183FS: Published: Sep 4, 1986. Publicly Released: Sep 4, 1986.
In response to a congressional request, GAO described the statutory, regulatory, and administrative system that U.S. bank supervisory agencies use to govern country risk in international bank lending.Until the Comptroller of the Currency, the Federal Reserve, and the Federal Deposit Insurance Committee established the Interagency Country Exposure Insurance Corporation in 1979, federal agencies did...
GAO's 1984 Financial Audits of the FDIC and FSLIC
127875: Sep 12, 1985
GAO discussed its financial audits of the Federal Deposit Insurance Corporation (FDIC), the Federal Savings and Loan Insurance Corporation (FSLIC), and the National Credit Union Administration's (NCUA) Share Insurance Fund. GAO noted that it qualified its opinions on the financial statements of FDIC and FSLIC because of its concern about the value of certain assets acquired during default preventi...
Statutory Requirements for Examining International Banking Institutions Need Attention
GGD-84-39: Published: Jul 11, 1984. Publicly Released: Jul 11, 1984.
GAO reviewed the Federal Reserve's supervision of Edge Act banking institutions and the Office of the Comptroller of the Currency's (OCC) supervision of federally licensed branches and agencies of foreign banks.GAO found that the statutory requirements to examine annually Edge Act corporations and federally licensed branches and agencies of foreign banks are less flexible than the frequency standa...