Financial management (41 - 50 of 52 items)
Thrift Industry: Federal Home Loan Bank Board Advances Program
GGD-88-46BR: Published: Mar 9, 1988. Publicly Released: Mar 9, 1988.
In response to a congressional request, GAO provided statistical data on the Federal Home Loan Banks' (FHLBank) advances program and the thrift institutions participating in the program.GAO found that: (1) FHLBank system advances increased from $20.2 billion in 1977 to $108.6 billion in 1986; (2) FHLBank lending activities varied by district, with outstanding advances comprising 90.1 percent of to...
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...
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...
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...
Examination of the Federal Financing Bank's Financial Statements for the Years Ended September 30, 1984 and 1983
AFMD-85-50: Published: Jun 11, 1985. Publicly Released: Jun 11, 1985.
GAO examined the statements of the financial condition of the Federal Financing Bank as of September 30, 1984 and 1983, and the related statements of income and changes in retained earnings and changes in financial position for the years then ended.GAO found that the financial statements presented fairly the financial position of the Federal Financing Bank as of September 30, 1984 and 1983, and th...
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...
Statistical Data on Securities and Exchange Commission's Allocation of Staffing and Other Budgetary Resources for Fiscal 1977 to 1981
AFMD-82-73: Published: Jun 18, 1982. Publicly Released: Jun 18, 1982.
Pursuant to a congressional request, GAO developed information on the Securities and Exchange Commission's (SEC) budgetary resources, staffing levels, and other data affecting the SEC program activities for fiscal years 1977 to 1981.Although SEC did not have some of the data requested, GAO was able to obtain the following information: (1) a graphic presentation of the SEC productivity from 1967 to...
Examination of Financial Statements of the Federal Deposit Insurance Corporation for the Year Ended December 31, 1979
GGD-80-81: Published: Jul 25, 1980. Publicly Released: Jul 25, 1980.
The financial statements of the Federal Deposit Insurance Corporation (FDIC) were audited for the year ended December 31, 1979. The examination, made in accordance with the Comptroller General's standards for financial and compliance audits, included such tests of the accounting records and procedures considered necessary in the circumstances. The audit procedures were supplemented, to the extent...
Smithsonian Institution's Banking Practices for Private Funds
GGD-77-67: Published: Sep 20, 1977. Publicly Released: Sep 20, 1977.
The Smithsonian Institution maintained 41 accounts in financial institutions and the United States Treasury. Most of these were small checking accounts used to pay expenses at Smithsonian locations outside the District of Columbia. The use of five principal accounts was reviewed, two at the American Security and Trust Company, two at the Riggs National Bank, and a deposit suspense account in the U...