Bank management (41 - 50 of 50 items)
Deposit Insurance: A Strategy for Reform
GGD-91-26: Published: Mar 4, 1991. Publicly Released: Mar 4, 1991.
Pursuant to a legislative requirement, GAO reviewed issues associated with reforming the federal deposit insurance system, focusing on whether such reforms will result in a more safe, sound, and stable banking industry.GAO presented a comprehensive three-part reform program that could change the way banks are regulated and supervised, as well as the way the deposit insurance system functions, focu...
Banks and Thrifts: Cause of Federal Regulators' Delays in Releasing Timely Call Report Data
IMTEC-91-26BR: Published: Feb 26, 1991. Publicly Released: Feb 26, 1991.
Pursuant to a congressional request, GAO provided information on: (1) federal bank and thrift regulators' automated processes for collecting, producing, and distributing call report data; and (2) causes of and regulators' responses to recent delays experienced in releasing such information.GAO found that: (1) banks and thrifts transmitted the data electronically via computer links or sent it manua...
Obligations Limitation: Resolution Trust Corporation's Compliance as of June 30, 1990
AFMD-91-41: Published: Dec 21, 1990. Publicly Released: Jan 23, 1991.
Pursuant to a congressional request, GAO assessed the Resolution Trust Corporation's (RTC) compliance with the maximum RTC obligation limit that the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) set forth.GAO found that: (1) RTC did not omit any of the FIRREA-required formulas from its calculations; (2) RTC was working to correct several minor errors and miscalculat...
Additional Reserves and Reforms Are Needed to Strengthen the Bank Insurance Fund
T-AFMD-90-28: Published: Sep 11, 1990. Publicly Released: Sep 11, 1990.
GAO discussed its audit of the Bank Insurance Fund's 1989 financial statements. GAO noted that: (1) over the last 2 years, the Fund balance decreased 28 percent, from $18.3 billion to $13.2 billion; (2) the Fund lost $4.2 billion in 1988 and $852 million in 1989; (3) the Federal Deposit Insurance Corporation (FDIC) believes that the Fund could suffer losses of $2 billion in 1990, due to the contin...
Failed Thrifts: FDIC Oversight of 1988 Deals Needs Improvement
GGD-90-93: Published: Jul 19, 1990. Publicly Released: Jul 19, 1990.
GAO reviewed all insolvent institutions resolved by the Federal Savings and Loan Insurance Corporation (FSLIC) from January 1, 1988 through August 9, 1989.GAO found that the Federal Deposit Insurance Corporation did not: (1) properly oversee the disposition of covered assets or manage FSLIC assistance agreements; (2) develop an overall strategy for dealing with covered asset dispositions or adopt...
Financial Condition of the Federal Deposit Insurance Corporation's Bank Insurance Fund
T-AFMD-89-15: Published: Sep 19, 1989. Publicly Released: Sep 19, 1989.
GAO discussed the financial condition of the Federal Deposit Insurance Corporation's (FDIC) Bank Insurance Fund. GAO noted that: (1) FDIC spent $7.3 billion during 1988 to assist record numbers of insolvent or barely solvent banks; (2) the fund incurred its first net loss, totalling $4.2 billion, in 1988, and also reduced its ratio of fund balance to insured deposits to 0.83, the lowest level ever...
Thrift Failures: Costly Failures Resulted From Regulatory Violations and Unsafe Practices
AFMD-89-62: Published: Jun 16, 1989. Publicly Released: Jun 16, 1989.
GAO reviewed the Federal Savings and Loan Corporation's (FSLIC) activities to: (1) identify the common characteristics of the most costly failed thrifts, focusing on violations of federal laws or regulations, related unsafe practices, and fraud and insider abuse; (2) compare and contrast the characteristics with solvent thrifts; and (3) identify the impact of deregulation, regional or local econom...
Bank Failures: Independent Audits Needed to Strengthen Internal Control and Bank Management
AFMD-89-25: Published: May 31, 1989. Publicly Released: May 31, 1989.
GAO reviewed recent bank failures, focusing on: (1) the internal weaknesses and environmental factors which examiners cited for insured banks that failed in 1987; (2) the extent to which insider abuse and fraud affected the same failed banks; and (3) potential areas of concern which could be used for congressional oversight and policy deliberation, federal bank examination and supervision, bank ma...
Issues To Be Considered While Debating Interstate Bank Branching
GGD-82-36: Published: Apr 9, 1982. Publicly Released: Apr 9, 1982.
GAO reviewed the Federal bank regulators' processing of commercial banks' applications to establish branches.GAO found that intrastate branching of national and State banks is essentially a State law matter. The Federal and State laws combine to limit branching within a State's boundaries. Assuming that any adopted form of interstate branching would involve some sort of Federal regulatory review,...
Independent Review and Evaluation at the Asian Development Bank
ID-78-49: Published: Oct 18, 1978. Publicly Released: Oct 18, 1978.
The Asian Development Bank in Manila was founded by international agreement in 1965. At the beginning of 1978, it had approved 333 loans totaling $4.2 billion. The U.S. subscription is $771 million, entitling it to 8.77% of the voting power. The Foreign Assistance Act of 1973 proposed the establishment of an independent and continuous review and evaluation system for the Bank with reports being su...