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Deposit Insurance Funds: Compliance With Obligation and Repayment Requirements as of 9/30/92 and 12/31/92

AIMD-93-75 Published: Sep 30, 1993. Publicly Released: Sep 30, 1993.
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Highlights

GAO reviewed the Federal Deposit Insurance Corporation's (FDIC) compliance with obligation and repayment requirements, focusing on: (1) Bank Insurance Fund (BIF) and Savings Association Insurance Fund (SAIF) compliance with the statutory maximum obligation limitation specified in the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA); (2) BIF and SAIF borrowings from the U.S. Treasury for insurance losses; and (3) whether BIF will generate sufficient proceeds from the management and disposition of failed bank assets to repay working capital borrowings.

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Authority to borrow from TreasuryBank failuresDeposit fundsFunds managementGovernment collectionsInsurance lossesInsured commercial banksSavings and loan associationsTotal obligational authorityDeposit insurance