Resolution Trust Corporation:
Real Estate Recoveries 1993
GGD-94-84FS: Published: Mar 25, 1994. Publicly Released: Apr 12, 1994.
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GAO provided information on the Resolution Trust Corporation's (RTC) efforts to recover assets from failed savings and loans, focusing on its: (1) overall estimated recovery rates; and (2) actual real estate recoveries.
GAO found that: (1) between 1991 and 1992, RTC overall recovery rates for its financial and real estate assets declined 9 cents per dollar of book value; (2) significant economic uncertainties still exist that could affect the value of assets in resolved and unresolved institutions; (3) although economic conditions have improved RTC receiverships, it is difficult to predict the recovery rates and timing of sales because the remaining assets are considered hard to sell; (4) between 1992 and 1993, cumulative real estate sales and net proceeds decreased from the previous year, actual recovery rates increased 4 percent, and the cumulative recovery rate remained constant; (5) as of 1993, the average recovery rates from the sales of single-family property declined; (6) the average recovery rates for real estate assets sold in receiverships were lower than for assets sold in conservatorships; (7) in 1993, the difference between real estate sales prices and their appraised values increased with the age of the appraisal; and (8) although RTC reported that its cumulative closing costs decreased by 1 percent between 1991 and 1993, its closing costs may be unrealistic because its reporting system does not include all of RTC selling costs.
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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