Financial Audit:

Savings Association Insurance Fund's 1990 and 1989 Financial Statements

AFMD-92-21: Published: Jan 8, 1992. Publicly Released: Jan 8, 1992.

Additional Materials:

Contact:

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

GAO reviewed the Savings Association Insurance Fund's: (1) financial statements for the period from August 9, 1989 through December 1989 and the year ended December 31, 1990; and (2) internal control structure and compliance with applicable laws and regulations.

GAO found that: (1) the financial statements presented fairly, in all material respects, the Fund's financial position for the years ended December 31, 1990 and 1989, in conformity with generally accepted accounting principles; (2) the Fund will be responsible for resolving all federally insured thrifts placed into conservatorship or receivership through September 30, 1993; (3) the Fund complied with applicable laws and regulations; and (4) if there is still a significant number of thrifts in need of resolution after September 30, 1993, the Fund could be insolvent when it assumes its full resolution responsibility.

Sep 20, 2016

Sep 6, 2016

Aug 19, 2016

Aug 12, 2016

Jul 29, 2016

Jul 28, 2016

Jul 13, 2016

Jul 11, 2016

Jun 13, 2016

Looking for more? Browse all our products here