Bank examination (51 - 60 of 69 items)
Review of Cancellation, Verification and Destruction of Unfit Currency
089470: Nov 14, 1972
No summary is currently available...
FDIC Actions on the Bank of Wheeling, West Virginia
FOD-78-1: Published: Mar 6, 1978. Publicly Released: Nov 17, 1982.
The Federal Deposit Insurance Corporation's (FDIC) procedures and actions in notifying the proper authorities of alleged violations of criminal law at a bank were evaluated. The FDIC had formal, required procedures for reporting suspected criminal violations, and optional followup and other legal or administrative procedures reinforced the required procedures. The bank's first FDIC examination sho...
Additional Information Relating to Approval of the Application for Charter by the Ridgedale National Bank of Minnetonka, Minnesota
B-130961: Published: Oct 27, 1972. Publicly Released: Nov 10, 1982.
No summary is currently available...
Opportunities To Further Improve Internal Auditing in the Federal Home Loan Bank
GGD-80-90: Published: Jul 16, 1980. Publicly Released: Jul 16, 1980.
GAO undertook a review of the Federal Home Loan Bank Board's internal audit function. Internal auditing at the Bank Board has undergone many organizational changes since its inception. Among these changes has been the creation of a new Office of Internal Review. The Internal Review Office's current responsibilities include providing guidance for the effective performance of internal auditing at th...
Federal Agencies' Initial Problems With the Right to Financial Privacy Act of 1978
GGD-80-64: Published: May 29, 1980. Publicly Released: Jun 30, 1980.
The Right to Privacy Act of 1978 established procedures to safeguard the privacy of personal financial records maintained by financial institutions. Every Federal agency which utilizes records obtained from financial institutions, especially the law enforcement agencies such as the Departments of Justice and Treasury, is affected by the Act and must follow certain procedures before obtaining acces...
Improving Management Controls at the Federal Financing Bank
GGD-80-42: Published: Feb 28, 1980. Publicly Released: Feb 28, 1980.
Several weaknesses in the Federal Financing Bank's internal controls need attention. The Bank's outstanding loans are growing in number and dollar value. Similarly, the time and attention necessary to properly administer the increasing number of loan transactions is straining support systems. To maintain an efficient operation, improvements are needed in internal control procedures.The Bank's pres...
Federal Supervision of Bank Holding Companies Needs Better, More Formalized Coordination
GGD-80-20: Published: Feb 12, 1980. Publicly Released: Feb 12, 1980.
Bank holding companies control banks with three-fourths of the Nation's assets. In the past holding company affiliations have contributed to some bank failures. Current Federal laws divide the authority for supervising holding companies and their subsidiary banks among three Federal agencies hindering the agencies' abilities to effectively supervise these financial institutions. The Comptroller of...
Federal Deposit Insurance Corporation Regulations and Non-Member State Bank Activities regarding Certificate of Deposit Maturity Notification
GGD-79-12: Published: Oct 20, 1978. Publicly Released: Oct 20, 1978.
A survey was performed of the Federal Deposit Insurance Corporation's (FDIC) regulations and of nonmember state bank activities regarding certificate of deposit (CD) maturity notification. FDIC has not issued regulations covering such notification, and procedures are left to the individual bank's discretion. Notification procedures varied among institutions. Five of the nine banks reviewed had mor...
Supervision of Banks by the Federal Deposit Insurance Corporation Can Be More Efficient
FOD-77-8: Published: Dec 22, 1977. Publicly Released: Dec 22, 1977.
As a result of a Congressional request that GAO review the supervisory activities of the three Federal bank regulatory agencies, GAO was granted unrestricted access to bank examination reports and related records. The Federal Deposit Insurance Corporation (FDIC) maintains public confidence in the Nation's banking system by protecting depositors and encouraging sound banking, primarily through depo...
Examination of Financial Statements of the Federal Home Loan Banking System: A Favorable Opinion but Some Management Problems
FOD-77-15: Published: Oct 25, 1977. Publicly Released: Oct 25, 1977.
The Comptroller General is required by legislation to examine the financial transactions of the federal home loan banks, the Federal Savings and Loan Insurance Corporation (FSLIC), and the Federal Home Loan Mortgage Corporation. The Federal Home Loan Bank Board (FHLBB) supervises the activities of the banks and both Corporations. During 1976, the Office of Examinations and Supervision examined 3,2...