Financial management (61 - 70 of 71 items)
Changes in the Financial Services Industry and Their Impact on Federal Regulation
121656: Jun 16, 1983
GAO discussed how the financial services industry is changing and what the government's role with respect to those changes should be. The changes occurring are the latest events in the historical development of the financial services industry. Congress designed the legislation of the 1930's for a financial system which, in one important respect, differs from today's system. The basic deposit insur...
Summary of Survey Results: Bank Policies on Dormant Accounts
GGD-83-45: Published: Mar 31, 1983. Publicly Released: Apr 13, 1983.
GAO was asked to review bank policies on dormant accounts to gather information on policies and practices in the banking industry.Based upon its survey, GAO found that more than five out of six banks apply the designation dormant or inactive to savings and checking accounts after a certain period of time without customer contact. Nearly all of the banks that use the dormant or inactive designation...
Proposed Amendment to National Consumer Cooperative Bank Act
B-200951: Published: Jul 2, 1981. Publicly Released: Jul 2, 1981.
A proposed amendment to the National Consumer Cooperative Bank Act, to allow the National Consumer Cooperative Bank to spend funds equivalent to the cost of terminating operations, contains language that would require GAO to perform functions that are incompatible with its independent auditor status. The proposed legislation would require the Comptroller General to establish budgetary amounts that...
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...
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...
Government Agency Transactions with the Federal Financing Bank Should Be Included on the Budget
PAD-77-70: Published: Aug 3, 1977. Publicly Released: Aug 3, 1977.
Excluding the Federal Financing Bank from federal budget totals and other questionable budget practices combine to produce an inadequate and incomplete picture of federal credit assistance.In its 4 years of operation, the Federal Financing Bank has helped agencies to borrow money at a cost savings. Although it was originally thought that the Bank would finance its activity by issuing its own secur...
Overseas Military Banking: How It Is Financed and Managed
ID-76-29: Published: Dec 12, 1975. Publicly Released: Dec 12, 1975.
No summary is currently available...
U.S. System for Appraising and Evaluating Inter-American Development Bank Projects and Activities
B-161470: Published: Aug 22, 1972. Publicly Released: Aug 22, 1972.
No summary is currently available...