Banking regulation (51 - 60 of 65 items)
Transition Series: Financial Services Industry Issues
OCG-89-4TR: Published: Nov 1, 1988. Publicly Released: Nov 1, 1988.
GAO summarized information on issues the federal government should consider relating to the financial services industry, including the: (1) handling of troubled financial institutions; (2) regulation of mergers between banking and nonbanking institutions; (3) regulation of linked securities and futures markets; and (4) regulation of global capital markets.GAO noted that: (1) almost a third of the...
Commercial Banking: Trends in Performance From December 1976 Through June 1987
GGD-88-106BR: Published: Jul 28, 1988. Publicly Released: Jul 28, 1988.
In response to a congressional request, GAO reviewed all commercial banks the Federal Deposit Insurance Corporation insured to determine current conditions and recent trends in commercial bank performance from December 31, 1976 through June 30, 1987.GAO found that: (1) between 1976 and 1987, commercial banking industry assets grew from $1,182 billion to $2,913 billion; (2) the asset growth rate de...
[Stability of Financial Markets: Federal Reserve Responsibility?]
135777: May 11, 1988
GAO discussed the Federal Reserve System's responsibilities for financial market stability in a changing economic environment. GAO found that: (1) the Federal Reserve shared the responsibility for financial stability with the commercial banking system through deposit insurance; (2) commercial banks were responsible for redeeming the insured deposits they issued on demand at 100 cents on the dollar...
[What Government Can Do To Protect the Public Interest in a Changing Financial Market Place]
135778: Mar 24, 1988
GAO discussed what the federal government could do to protect the public interest in a changing financial market. GAO noted that the federal government's policy goals were to: (1) ensure financial soundness of institutions such as the banking systems, securities firms, stock exchanges, and clearing corporations; (2) maintain market liquidity throughout the commodities trading system; and (3) prote...
Bank Powers: Issues Related to Repeal of the Glass-Steagall Act
GGD-88-37: Published: Jan 22, 1988. Publicly Released: Feb 12, 1988.
In response to a congressional request, GAO provided information on issues concerning the expansion of banks' securities powers through repeal of the Banking Act of 1933 (Glass-Steagall) and the ramifications of eliminating or extending the moratorium on expansion of bank powers.GAO found that repeal of the act could: (1) benefit consumers in terms of lower prices and better services; and (2) crea...
Preliminary Observations on the Market Crash of October 1987
T-OCG-88-1: Published: Jan 26, 1988. Publicly Released: Jan 26, 1988.
GAO discussed the October 1987 market crash, focusing on ways in which to: (1) protect the rest of the economy; (2) ensure that markets can function; and (3) ensure that individual investors receive fair treatment. GAO noted that the Federal Reserve System: (1) effectively met its responsibility during the market crash as money supply manager, last-resort lender, and overseer of the nation's finan...
Financial Audit: Federal Savings and Loan Insurance Corporation's 1985 and 1984 Financial Statements
AFMD-86-65: Published: Jul 2, 1986. Publicly Released: Jul 2, 1986.
GAO reported on the Federal Savings and Loan Insurance Corporation's (FSLIC) 1984 and 1985 financial statements, specifically its internal accounting controls and compliance with laws and regulations.GAO found that: (1) FSLIC listed its loss contingencies in 1985 at $5.2 billion, while its insurance reserves for that year were only $4.6 billion; (2) FSLIC estimates that more than 200 institutions...
Bank Regulation: Information on Independent Public Accountant Audits of Financial Institutions
GGD-86-44FS: Published: Apr 21, 1986. Publicly Released: Apr 21, 1986.
In response to a congressional request, GAO reported on its study of six failed and open financial institutions that had undergone independent audits to determine if a workable methodology could be devised for analyzing the audit work done at a statistically valid sample of financial institutions.In order for financial information about a bank or any other economic entity to be useful, the informa...
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...
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...