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Deposit Insurance Funds: Compliance with Obligation and Repayment Requirements as of December 31, 1993

AIMD-94-162 Published: Aug 17, 1994. Publicly Released: Aug 17, 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) BIF and SAIF ability to repay amounts borrowed from the Department of the Treasury to cover insurance losses; and (3) the factors that could affect future borrowings.

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Authority to borrow from TreasuryBank failuresFunds managementFuture budget projectionsInsurance lossesInsured commercial banksReimbursements to governmentSavings and loan associationsTotal obligational authorityFederal deposit insurance