Deposit Insurance Funds: Compliance with Obligation and Repayment Requirements as of September 30, 1993
AIMD-94-100
Published: May 09, 1994. Publicly Released: May 09, 1994.
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Highlights
Pursuant to a legislative requirement, GAO reviewed: (1) the Federal Deposit Insurance Corporation's (FDIC) compliance with the maximum obligation limitation for the Bank Insurance Fund (BIF) and the Savings Association Insurance Fund (SAIF); (2) whether BIF and SAIF have borrowed funds from the Department of the Treasury to cover insurance losses and their ability to repay the loans; and (3) the factors that could affect future borrowings.
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Authority to borrow from TreasuryBank failuresFunds managementFuture budget projectionsInsurance lossesReimbursements to governmentSavings and loan associationsTotal obligational authorityDeposit insuranceFederal deposit insurance