Bank management (21 - 30 of 63 items)
Corporate Credit Unions: Condition, Issues, and Concerns
T-GGD-95-15: Published: Oct 6, 1994. Publicly Released: Oct 6, 1994.
Pursuant to a congressional request, GAO discussed issues concerning the financial condition and investment practices of corporate credit unions and the U.S. Central Credit Union. GAO noted that: (1) many small insured credit unions have placed a substantial part of their unloaned deposits in corporate credit unions for investment purposes; (2) the operation and investments of corporates must be f...
Credit Unions: Both Industry and Insurance Fund Appear Financially Sound
T-GGD-94-142: Published: Sep 29, 1994. Publicly Released: Sep 29, 1994.
GAO discussed the financial condition of federally insured credit unions and the National Credit Union Share Insurance Fund. GAO noted that: (1) credit unions fared better in the 1980s than did banks and thrifts; (2) since 1990, credit union assets have increased 46 percent and credit union capital has increased from 7.6 percent to 9.1 percent of assets; (3) loan delinquencies and losses are lower...
Interstate Banking: Benefits and Risks of Removing Regulatory Restrictions
GGD-94-26: Published: Nov 2, 1993. Publicly Released: Nov 3, 1993.
Pursuant to a congressional request, GAO reviewed the proposed changes in interstate banking and branching laws, focusing on the: (1) impact of interstate banking on the banking industry; (2) implications of removing interstate banking and branching laws on the safety and soundness of the banking industry, the Bank Insurance Fund, and the economy; and (3) risks associated with removing interstate...
Thrift Failures: Actions Needed to Stabilize RTC's Professional Liability Program
GGD-93-105: Published: Jun 28, 1993. Publicly Released: Jul 19, 1993.
Pursuant to a congressional request, GAO provided information on: (1) various management changes to the Resolution Trust Corporation's (RTC) Professional Liability Section (PLS) program; (2) PLS staffing and the filing and disposition of PLS cases; and (3) actions RTC needs to take to maintain the PLS program as its functions are transferred to the Federal Deposit Insurance Corporation (FDIC).GAO...
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 Failures: RTC Needs to Improve Planning for Professional Liability Staff Changes
T-GGD-92-69: Published: Aug 11, 1992. Publicly Released: Aug 11, 1992.
GAO discussed the Resolution Trust Corporation's (RTC) attorney staffing for its Professional Liability Program, focusing on the effect of assignment changes on attorney responsibilities. GAO noted that: (1) staffing shortages and changes have led to program disruptions; (2) the program employs 70 attorneys, which is about half of the number needed; 40 percent of RTC professional liability attorne...
Bank and Thrift Failures: FDIC and RTC Could Do More to Pursue Professional Liability Claims
T-GGD-92-42: Published: Jun 2, 1992. Publicly Released: Jun 2, 1992.
GAO discussed the Federal Deposit Insurance Corporation's (FDIC) and the Resolution Trust Corporation's (RTC) efforts to purse civil professional liability claims arising from bank and thrift failures. GAO noted that: (1) RTC and FDIC officials estimate that possible fraud or negligence was present in more than three-fourths of failed banks and thrifts; (2) since 1989, FDIC and RTC have recovered...
Banks: Call Report Automation
IMTEC-92-60R: Published: May 28, 1992. Publicly Released: May 28, 1992.
Pursuant to a congressional request, GAO examined banks' call-report systems to determine whether they were using automation to make call reports available to bank regulators and the public. GAO found that: (1) by reducing call report processing time with electronic systems, federal regulators could obtain vital financial indicator information quickly, which would help to minimize Bank Insurance F...
Corporate Accountability: A Time for Reform
147444: Jan 23, 1992
GAO discussed legislation Congress passed providing $70 billion in loans to shore up the Federal Deposit Insurance Corporation's Bank Insurance Fund. GAO noted that: (1) the legislation requires federal bank regulators to more timely deal with problem banks before they deplete bank capital; (2) real corporate accountability is impossible without a board of directors that is independent of manageme...
OCC's Supervision of the Bank of New England
T-GGD-91-66: Published: Sep 19, 1991. Publicly Released: Sep 19, 1991.
GAO discussed its review of a major bank's failure, focusing on the: (1) causes of the failure; (2) Office of the Comptroller of the Currency (OCC) efforts to adequately assess safety and soundness deficiencies at the bank; and (3) extent to which insider activity may have contributed to the failure. GAO noted that: (1) the bank grew rapidly from fiscal year (FY) 1985 to FY 1988, mainly through ac...