Lending institutions (21 - 30 of 57 items)
Financial Services Institutions: Information for Assessing the Government's Potential Financial Exposure
GGD-98-125: Published: Jun 15, 1998. Publicly Released: Jul 15, 1998.
Pursuant to a congressional request, GAO provided information on selected financial services institutions, focusing on: (1) the potential financial exposure faced by the federal government as a result of financial services institutions sponsored, in whole or in part, by the federal government; (2) the institutions sponsored, in whole or in part, by the federal government or corporations within the...
Banking and Commerce
OCE-97-3R: Published: Jun 10, 1997. Publicly Released: Jun 10, 1997.
Pursuant to a congressional request, GAO responded to questions concerning the issue of mixing banking and commerce.GAO noted that: (1) it found no mention of any economic efficiencies that are unique to maintaining the separation of banking and commerce; (2) however, GAO found frequent references in the literature to the likelihood that maintaining the existing separation could be beneficial beca...
Enterprise Resource Bank Act
GGD-96-140R: Published: Jun 27, 1996. Publicly Released: Jul 12, 1996.
Pursuant to a congressional request, GAO reviewed proposed legislation that would amend the Federal Home Loan Bank Act and expand the Federal Home Loan Bank (FHLB) System's mission. GAO found that: (1) the proposed legislation's potential improvements include changing the current method by which Resolution Funding Corporation obligations are allocated, making the basis for system membership volunt...
Foreign Banks: Assessing Their Role in the U.S. Banking System
GGD-96-26: Published: Feb 7, 1996. Publicly Released: Feb 7, 1996.
Pursuant to a congressional request, GAO reviewed the laws and regulations governing foreign banking operations in the United States.GAO found that: (1) most foreign banks operate in U.S. wholesale banking markets, serve their home country and U.S. corporate customers, and engage in transactions with other financial institutions; (2) by the end of 1994, foreign banks held 17 percent of U.S. domest...
Mutual Funds: Impact on Bank Deposits and Credit Availability
GGD-95-230: Published: Sep 22, 1995. Publicly Released: Sep 22, 1995.
Pursuant to a congressional request, GAO examined whether the movement of funds from bank deposits into mutual funds affects the availability of credit for residential, consumer, or commercial purposes.GAO found that: (1) the amount of money in mutual funds grew from $994 billion at year-end 1989 to $2,172 billion at year-end 1994, mainly due to an increase of net customer inflows; (2) during the...
Foreign Bank: Initial Assessment of Certain BCCI Activities in the U.S.
GGD-92-96: Published: Sep 30, 1992. Publicly Released: Oct 23, 1992.
Pursuant to a congressional request, GAO: (1) reviewed the operations of a foreign bank's representative office in Washington, D.C.; and (2) assessed the federal banking agencies' efforts to determine if the bank, through its secret ownership of U.S. commercial banks, abused those banks for its own benefit.GAO: (1) found no evidence of direct payments to U.S. government officials and only nominal...
Securities Markets: Challenges to Harmonizing International Capital Standards Remain
GGD-92-41: Published: Mar 10, 1992. Publicly Released: Mar 10, 1992.
GAO reported on international efforts to harmonize capital standards for securities firms and for banks' securities activities, focusing on the implications of those harmonization efforts for U.S. capital standards.GAO found that: (1) securities market regulators in such major markets as Japan, the United States, and the United Kingdom generally support efforts to harmonize capital standards; (2)...
Modernize Banking...But With Care
147030: Jan 1, 1992
This article, which appeared in the GAO Journal, No. 15, Spring/Summer 1992, discusses: (1) the Glass-Steagall Act's separation of the banking sector from the securities industry; (2) proposed reforms that would grant banks new powers to participate in the securities field; and (3) other suggestions for bank reform that would improve economic efficiency and ensure safety and soundness...
International Banking: Implementation of Risk-Based Capital Adequacy Standards
NSIAD-91-80: Published: Jan 25, 1991. Publicly Released: Jan 25, 1991.
GAO reviewed six countries' implementation of the Basle framework to measure banks' capital adequacy standards and to establish minimum capital standards for international banks, focusing on: (1) steps countries took to implement the framework; (2) progress countries made in meeting the objectives; and (3) issues that remained unresolved.GAO found that: (1) all of the countries undertook efforts t...
Deposit Insurance and Related Reforms
T-GGD-90-46: Published: Sep 19, 1990. Publicly Released: Sep 19, 1990.
GAO discussed deposit insurance reform. GAO noted that the current deposit insurance system is not the relatively and inexpensive proposition it appeared to be in the past because most of the characteristics which deflected risk away from the banks have been stripped away or significantly diminished due to advances in technology and other factors. GAO also noted that actions that could align the d...