Deposit Insurance Funds: Compliance With Obligation and Repayment Requirements as of June 30, 1992
AFMD-93-64
Published: May 27, 1993. Publicly Released: May 27, 1993.
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Highlights
Pursuant to a legislative requirement, GAO reported on the Federal Deposit Insurance Corporation's (FDIC) compliance with the maximum obligation limitation that applies to its insurance funds, focusing on: (1) the funds' ability to repay amounts borrowed from Treasury for insurance losses and factors affecting future borrowings; and (2) whether the Bank Insurance Fund's (BIF) management and disposition of failed bank assets will be sufficient to repay working capital borrowings.
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Authority to borrow from TreasuryBank failuresCorporate auditsFinancial institutionsFunds managementGovernment collectionsInsurance lossesInsured commercial banksSavings and loan associationsTotal obligational authority