Thrift Industry:
The Role of Federal Home Loan Bank Advances
GGD-89-123: Published: Sep 21, 1989. Publicly Released: Sep 21, 1989.
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Pursuant to a congressional request, GAO analyzed certain aspects of the Federal Home Loan Banks' Advances Program, under which the 12 district banks made collateralized loans to member thrift institutions.
GAO found that: (1) the asset portfolios of thrifts that heavily relied on advances were not very different from the asset portfolios of thrifts that only lightly depended on advances or did not use them at all; (2) thrifts' increased use of advances was associated with a decline in their holding of liquid assets as a share of total assets; (3) insolvent thrifts more heavily depended on advances than healthy thrifts, and weak and insolvent thrifts obtained a greater portion of their total liabilities from advances than did their healthy counterparts; (4) thrifts that failed between 1984 and 1987 increased their reliance on advances both as they approached insolvency and after they became insolvent, and also experienced rapid asset growth as their net worth deteriorated; and (5) no meaningful change occurred in the use of advances by acquiring thrifts in the quarter of acquisition for mergers and acquisitions taking place between 1984 and 1987.
Dec 16, 2020
Financial Stability:
Agencies Have Not Found Leveraged Lending to Significantly Threaten Stability but Remain Cautious Amid PandemicGAO-21-167: Published: Dec 16, 2020. Publicly Released: Dec 16, 2020.
Dec 10, 2020
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Federal Reserve Lending Programs:
Use of CARES Act-Supported Programs Has Been Limited and Flow of Credit Has Generally ImprovedGAO-21-180: Published: Dec 10, 2020. Publicly Released: Dec 10, 2020. -
Financial Assistance:
Lessons Learned from CARES Act Loan Program for Aviation and Other Eligible BusinessesGAO-21-198: Published: Dec 10, 2020. Publicly Released: Dec 10, 2020.
Sep 22, 2020
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Anti-Money Laundering:
Opportunities Exist to Increase Law Enforcement Use of Bank Secrecy Act Reports, and Banks' Costs to Comply with the Act VariedGAO-20-574: Published: Sep 22, 2020. Publicly Released: Sep 22, 2020.
Sep 4, 2020
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Bank Supervision:
FDIC Could Better Address Regulatory Capture RisksGAO-20-519: Published: Sep 4, 2020. Publicly Released: Sep 4, 2020.
Jul 21, 2020
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Financial Company Bankruptcies:
Congress and Regulators Have Updated Resolution Planning RequirementsGAO-20-608R: Published: Jul 21, 2020. Publicly Released: Jul 21, 2020.
Jul 6, 2020
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Public Companies:
Disclosure of Environmental, Social, and Governance Factors and Options to Enhance ThemGAO-20-530: Published: Jul 2, 2020. Publicly Released: Jul 6, 2020.
Apr 30, 2020
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Priority Open Recommendations:
Department of the TreasuryGAO-20-549PR: Published: Apr 23, 2020. Publicly Released: Apr 30, 2020.
Apr 27, 2020
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Priority Open Recommendations:
Board of Governors of the Federal Reserve SystemGAO-20-499PR: Published: Apr 20, 2020. Publicly Released: Apr 27, 2020. -
Priority Open Recommendations:
Federal Deposit Insurance CorporationGAO-20-498PR: Published: Apr 20, 2020. Publicly Released: Apr 27, 2020.
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