Financial Management: Treasury Tax and Loan Account Activity at Two Troubled Banks
AFMD-91-87
Published: Sep 12, 1991. Publicly Released: Sep 12, 1991.
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Highlights
GAO reviewed the investment and withdrawal of federal funds in the treasury tax and loan (TT&L) accounts at two failed banks, focusing on whether the Department of the Treasury gave preferential treatment to the larger bank in an attempt to keep it open.
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Topics
Bank failuresBanking regulationCivil auditsFederal fund accountsFederal reserve banksFinancial managementFinancial management systemsFunds managementLending institutionsRisk managementTax administration systems