Skip to main content

[Comments on Bank Insurance Fund Recapitalization Plan]

Published: Dec 07, 1990. Publicly Released: Dec 07, 1990.
Jump To:
Skip to Highlights

Highlights

GAO commented on plans to recapitalize the Bank Insurance Fund by requiring banks to purchase preferred stock from the Federal Deposit Insurance Corporation (FDIC). GAO expressed concern that proper accounting should be used by both FDIC and the banks if the stock was issued.

Office of Public Affairs