Thrift Industry:
Trends in Thrift Industry Performance--December 1977 Through June 1987
GGD-88-87BR: Published: May 17, 1988. Publicly Released: May 17, 1988.
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Pursuant to a legislative requirement, GAO provided information on the: (1) Federal Home Loan Bank Board's (FHLBB) Net Worth Certificate Program; and (2) condition of thrift institutions with the greatest potential for failure.
GAO found that: (1) the legislative authority for the Net Worth Certificate Program expired in 1986, and FHLBB has not reinstated it; (2) although the total number of thrifts has declined since 1977, industry assets grew from $434.3 billion to $1,202.8 billion as of mid-year 1987; (3) the average net-worth-to-assets ratio decreased from 5.70 to 3.50 percent; (4) although the overall condition of the thrift industry improved after the crisis of 1981 through 1982, thrift profitability declined in the first quarter of 1986 because of poor asset quality; (5) as of June 1987, there were 491 insolvent thrift institutions, and an additional 463 with low net worth; (6) the thrift industry as a whole incurred net losses of $1.6 billion during the second quarter of 1987 as a result of insolvent and poorly capitalized thrift institutions; (7) the industry's mortgage assets portfolio declined while its holdings of mortgage-backed securities rose relative to mortgage loans; (8) the industry was less reliant on deposits as a source of funds; and (9) although there was only a slight increase in holdings of FHLBB advances, other forms of borrowing steadily increased.
Nov 23, 2020
Consumer Privacy:
Better Disclosures Needed on Information Sharing by Banks and Credit UnionsGAO-21-36: Published: Oct 22, 2020. Publicly Released: Nov 23, 2020.
Nov 19, 2020
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Consumer Product Safety Commission:
Actions Needed to Improve Processes for Addressing Product Defect CasesGAO-21-56: Published: Nov 19, 2020. Publicly Released: Nov 19, 2020.
Oct 30, 2020
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Small Business Loans:
SBA Generally Incorporated Key Elements for Estimating Subsidy Cost of 7(a) ProgramGAO-20-618: Published: Sep 30, 2020. Publicly Released: Oct 30, 2020.
Oct 13, 2020
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Aviation Consumer Protection:
Increased Transparency Could Help Build Confidence in DOT's Enforcement ApproachGAO-21-109: Published: Oct 13, 2020. Publicly Released: Oct 13, 2020.
Oct 1, 2020
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Small Business Administration:
COVID-19 Loans Lack Controls and Are Susceptible to FraudGAO-21-117T: Published: Oct 1, 2020. Publicly Released: Oct 1, 2020.
Sep 30, 2020
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Small Business Research Programs:
Many Agencies' Award Issuances Are Not Timely; Some Practices May Improve TimelinessGAO-20-693: Published: Sep 30, 2020. Publicly Released: Sep 30, 2020.
Sep 28, 2020
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Intellectual Property:
Additional Agency Actions Can Improve Assistance to Small Businesses and InventorsGAO-20-556: Published: Aug 27, 2020. Publicly Released: Sep 28, 2020.
Jul 30, 2020
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Small Business Contracting:
Better Documentation and Reporting Needed on Procurement Center RepresentativesGAO-20-462: Published: Jun 30, 2020. Publicly Released: Jul 30, 2020.
Jun 29, 2020
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Small Business Subcontracting:
Oversight of Contractor Compliance with Subcontracting Plans Needs ImprovementGAO-20-464: Published: May 28, 2020. Publicly Released: Jun 29, 2020.
Jun 22, 2020
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Small Business Development Centers:
Reevaluation of How SBA Sets Initial Funding Estimate Needed to Help Reduce BurdenGAO-20-457: Published: May 22, 2020. Publicly Released: Jun 22, 2020.
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