Budget Issues:

Information on FDIC and FSLIC Notes Payable

AFMD-88-71FS: Published: Aug 5, 1988. Publicly Released: Aug 5, 1988.

Additional Materials:

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

Pursuant to a congressional request, GAO provided information regarding the dollar value of interest-paying notes the Federal Deposit Insurance Corporation (FDIC) and the Federal Savings and Loan Insurance Corporation (FSLIC) issued to assist: (1) failing banks to continue operations; and (2) acquirers to purchase failing banks.

GAO found that FDIC: (1) issued $466 million in notes during fiscal year (FY) 1986, $1,126 million during FY 1987, and $997 million through April 30, 1988; and (2) reduced the notes by $935 million during FY 1986, $1,961 million during FY 1987, and $431 million through April 30, 1988. GAO also found that FSLIC: (1) issued $2,913 million in notes during FY 1986, $469 million during FY 1987, and $2,128 million through June 30, 1988; and (2) redeemed $557 million during FY 1986, $937 million during FY 1987, and $216 million through June 30, 1988.

Sep 29, 2017

Sep 12, 2017

Sep 7, 2017

Apr 19, 2017

Mar 29, 2017

Feb 24, 2017

Dec 29, 2016

Dec 15, 2016

Nov 15, 2016

Looking for more? Browse all our products here