Lending institutions (31 - 40 of 57 items)
Resolving Failed Savings and Loan Institutions: Estimated Costs and Additional Funding Needs
T-AFMD-90-32: Published: Sep 19, 1990. Publicly Released: Sep 19, 1990.
GAO discussed: (1) the Resolution Trust Corporation's (RTC) funding needs; and (2) RTC, its Oversight Board's, and the Congressional Budget Office's (CBO) cost estimates for resolving failed and troubled savings institutions. GAO noted that: (1) the Office of Thrift Supervision developed a rating system to measure the relative health of individual institution's financial conditions, compliance wit...
Bank Powers: Activities of Securities Subsidiaries of Bank Holding Companies
GGD-90-48: Published: Mar 14, 1990. Publicly Released: Mar 20, 1990.
Pursuant to a congressional request, GAO assessed so-called section 20 securities subsidiaries of bank holding companies.GAO found that: (1) in the third quarter of 1989, 13 section 20 firms underwrote about $69 billion in bank-ineligible securities, a 90-percent increase over the second quarter; (2) in the second quarter of 1989, section 20 firms accounted for about 7 percent of all revenue reali...
Activities of Securities Subsidiaries of Bank Holding Companies
T-GGD-90-21: Published: Mar 19, 1990. Publicly Released: Mar 19, 1990.
GAO discussed the Federal Reserve System's authorization of 21 bank holding companies and 5 foreign banks to expand their securities activities by establishing non-bank subsidiaries. GAO noted that the Federal Reserve needed to consider: (1) a controlled, phased approach to expanding securities activities to ensure sufficient regulation and oversight; (2) whether transferring securities activities...
Reserve Accounting: Rural Telephone Bank's Reserve for Losses Due to Interest Rate Fluctuations
AFMD-89-15: Published: Mar 27, 1989. Publicly Released: Mar 27, 1989.
Pursuant to a legislative requirement, GAO studied the Rural Telephone Bank's (RTB) reserve for losses due to interest-rate fluctuations.GAO found that: (1) RTB retained annual profits as patronage capital after distribution of cash dividends to government and private stockholders, was required to place at least 10 percent of its patronage capital in a contingency reserve, and distributed the resi...
Banking: Conflict of Interest Abuses in Commercial Banking Institutions
GGD-89-35: Published: Jan 27, 1989. Publicly Released: Feb 27, 1989.
In response to a congressional request, GAO provided information on conflicts of interest in commercial banking institutions, focusing on: (1) the types of conflicts of interest and associated abuses; (2) how to control conflicts of interest and limit associated abuses; and (3) the impact of expanded banking securities powers on conflicts of interest and associated abuses.GAO interviewed bankers,...
Commercial Banking: Lending to Troubled Sectors
GGD-88-126BR: Published: Sep 26, 1988. Publicly Released: Sep 26, 1988.
Pursuant to a congressional request, GAO examined the extent to which commercial banks made loans to five troubled economic sectors to determine the significance of the banks' exposures to loan default or repayment problem risks.GAO found that, in 1987: (1) 8,550 of 13,700 federally insured banks had one significant exposure to a troubled economic sector, usually in agriculture or real estate, and...
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...
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 Powers: Insulating Banks From the Potential Risks of Expanded Activities
GGD-87-35: Published: Apr 14, 1987. Publicly Released: Apr 14, 1987.
GAO reported on a proposed method to permit banks to participate in expanded activities while insulating their insured deposits from risky activities by organizationally separating the new activities from traditional bank operations. Banks generally operate these nontraditional activities under one of their departments, a subsidiary, a holding company subsidiary, or a bank service corporation.GAO...