Financial institutions (81 - 90 of 97 items)
U.S. Government Securities: Dealer Views on Market Operations and Federal Reserve Oversight
GGD-86-147FS: Published: Sep 29, 1986. Publicly Released: Sep 29, 1986.
In response to a congressional request, GAO reviewed the Federal Reserve System's oversight of the U.S. government securities market, specifically: (1) the impact of recent dealer failures and other market disturbances; (2) the effectiveness of the Federal Reserve Bank of New York's (FRBNY) market oversight; (3) whether there is a need for new federal regulation of the U.S. government securities m...
Securities Regulation: SEC Enforcement Efforts in 1978 and 1985
GGD-86-97FS: Published: Jul 16, 1986. Publicly Released: Aug 20, 1986.
GAO gathered information on: (1) the Securities and Exchange Commission's (SEC) enforcement actions for two 6-month periods in 1978 and 1985; and (2) completed U.S. Attorney and state actions based on SEC enforcement efforts.GAO noted that comparisons between the data for both time periods should be made with caution. GAO found that: (1) the data did not reflect the complexities of the enforcement...
Bank Secrecy Act: Treasury Can Improve Implementation of the Act
GGD-86-95: Published: Jun 11, 1986. Publicly Released: Jun 11, 1986.
In response to a congressional request, GAO: (1) reviewed the Department of the Treasury's management of the Bank Secrecy Act of 1970; (2) studied how law enforcement personnel use the act; and (3) examined the collection, analysis, and dissemination of data compiled as a result of the act.GAO noted that the law requires individuals and institutions to file reports on: (1) currency transactions ex...
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...
Thrift Assistance: Industry Restructuring and the Net Worth Certificate Program-Update
GGD-86-71FS: Published: Apr 11, 1986. Publicly Released: Apr 11, 1986.
Pursuant to a congressional request, GAO updated, through the third quarter of 1985, the tables and figures from a September 1985 report it determined to be the most useful in evaluating the Net Worth Certificate Program for thrift institutions.GAO compared all Federal Savings and Loan Insurance Corporation (FSLIC)-insured institutions with: (1) a set of 67 institutions that first participated in...
Securities and Exchange Commission's Oversight of Securities Industry Self-Regulatory Organizations
129236: Mar 5, 1986
Testimony was given concerning the Securities and Exchange Commission's (SEC) oversight of self-regulatory organizations (SRO). GAO noted that SEC: (1) oversees the quality of SRO regulation by directly examining broker-dealers for compliance with various laws and regulations, inspecting SRO, and reviewing proposed changes to SRO regulations; and (2) is supposed to identify whether violations exis...
Regulation of the U.S. Government Securities Market
127376: Jul 9, 1985
Testimony was given concerning regulation of the U.S. Government securities market. GAO discussed: (1) issues concerning market instability and fraud; (2) the Treasury's unique role in debt management and monetary policy that already exist in the regulatory structure of the market; and (3) the present system of primary dealers and other aspects of market operations. GAO noted that, despite the reg...
SEC's Efforts To Find Lost and Stolen Securities
GGD-84-42: Published: May 18, 1984. Publicly Released: May 18, 1984.
The Securities and Exchange Commission (SEC) maintains a program to find securities, such as stocks and bonds, that financial institutions and their customers report as lost or missing. GAO reviewed the SEC program to determine its effectiveness in finding such securities.SEC requires financial institutions to register under the program. Registration entitles institutions to report lost or stolen...
Control Improvements Needed in Accounting for Treasury Securities at the Federal Reserve Bank of New York
AFMD-84-10: Published: May 2, 1984. Publicly Released: May 2, 1984.
GAO summarized the results of its internal control review of the Federal Reserve Bank of New York's accounting systems for Treasury securities.Although the Bank has extensive controls in place to identify errors and abuse, GAO found weaknesses in both the automated and manual controls. GAO identified 15 incorrect payments totalling $2.7 million. Inadequate records prevented GAO from verifying that...
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...