Thrift Industry:
Forbearance for Troubled Institutions 1982-1986
GGD-87-78BR: Published: May 6, 1987. Publicly Released: May 6, 1987.
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Pursuant to a congressional request, GAO reviewed the Federal Home Loan Bank Board's (FHLBB) use of forbearance in the thrift industry. Forbearance is the practice of giving a financially troubled thrift time to work out its problems, rather than closing or merging it.
GAO found that, from December 1982 to September 1986: (1) 445 thrifts received forbearance because they operated with capital levels below the regulatory 3-percent minimum; (2) FHLBB viewed forbearance as a reasonable policy that afforded a good probability of eventual recovery for problem thrifts; (3) FHLBB used capital augmentation and the Net Worth Certificate Program as its principal forms of forbearance for low net-worth thrifts; (4) the continued use of forbearance was due to the lack of Federal Savings and Loan Insurance Corporation funds to absorb losses associated with failing thrift institutions; and (5) because delayed regulatory action did not always help thrifts holding bad assets, FHLBB implemented a policy to exempt such thrifts from minimum capital requirements.
Jul 18, 2018
Civil Penalties:
Certain Federal Agencies Need to Improve Inflation Adjustment ReportingGAO-18-519: Published: Jul 18, 2018. Publicly Released: Jul 18, 2018.
Jul 17, 2018
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Government Auditing Standards 2018 Revision (Supersedes GAO-12-331G)GAO-18-568G: Published: Jul 17, 2018. Publicly Released: Jul 17, 2018.
Jul 16, 2018
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Management Report:
Continued Improvements Needed in Controls over the Processes Used to Prepare the U.S. Consolidated Financial StatementsGAO-18-540: Published: Jul 16, 2018. Publicly Released: Jul 16, 2018.
Jun 28, 2018
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Capitol Preservation Fund:
Audit of Fiscal Years 2015, 2016, and 2017 TransactionsGAO-18-524R: Published: Jun 28, 2018. Publicly Released: Jun 28, 2018. -
Senate Preservation Fund:
Audit of Fiscal Years 2015, 2016, and 2017 TransactionsGAO-18-525R: Published: Jun 28, 2018. Publicly Released: Jun 28, 2018.
May 31, 2018
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Improper Payments:
Actions and Guidance Could Help Address Issues and Inconsistencies in Estimation ProcessesGAO-18-377: Published: May 31, 2018. Publicly Released: May 31, 2018.
May 24, 2018
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Congressional Award Foundation:
Review of the Audit of the Financial Statements for Fiscal Year 2017GAO-18-465R: Published: May 24, 2018. Publicly Released: May 24, 2018.
May 10, 2018
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DOD Financial Management:
The Navy Needs to Improve Internal Control over Its BuildingsGAO-18-289: Published: May 10, 2018. Publicly Released: May 10, 2018.
Apr 17, 2018
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Management Report:
Improvements Needed in the Bureau of the Fiscal Service's Information System ControlsGAO-18-332R: Published: Apr 17, 2018. Publicly Released: Apr 17, 2018.
Apr 5, 2018
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Management Report:
Areas for Improvement in the Federal Reserve Banks' Information System ControlsGAO-18-334R: Published: Apr 5, 2018. Publicly Released: Apr 5, 2018.
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