Thrift Industry Restructuring and the Net Worth Certificate Program
GGD-85-79
Published: Sep 24, 1985. Publicly Released: Sep 24, 1985.
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Highlights
Pursuant to its legislative requirement to audit the Net Worth Certificate Program (NWC), GAO reviewed: (1) information on the condition of the thrift industry from December 1977 through September 1984; (2) the extent of restructuring that has taken place in the thrift industry; and (3) the performance of participants in the NWC program.
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Deposit fundsFinancial institutionsFinancial managementFinancial recordsInsured commercial banksMortgage loansSavings and loan associationsInterest ratesAccounting standardsSecurities