Thrift Industry:

Net Worth and Income Capital Certificates

GGD-86-100FS: Published: Jun 23, 1986. Publicly Released: Jun 23, 1986.

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In response to a congressional request, GAO provided information on the Net Worth Certificate Program, specifically: (1) its participants; and (2) the Federal Savings and Loan Insurance Corporation's use of income capital certificates to support the net-worth levels of thrift institutions.

GAO found that: (1) Congress is currently considering reauthorizing the program; and (2) two institutions should not be included in the set of eligible participants because they were acquired by bank holding companies and, therefore, showed large increases in asset size and net worth.

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