Risks and Oversight of Government Sponsored Enterprises
T-GGD-90-41: Published: May 14, 1990. Publicly Released: May 14, 1990.
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GAO discussed government-sponsored enterprises' (GSE) operations, potential for failure, and federal oversight. GAO noted that: (1) farm credit banks reported profits in 1988 and 1989 after 3 years of losses, but the farm credit system's health heavily relied on the general state of agriculture; (2) while federal home loan banks historically presented little risk of failure, future profitability was questionable, since bank earnings would be used to help pay the costs of thrift failures; (3) the Federal National Mortgage Association posted record profits in 1989 after several years of losses and planned to hold sufficient capital to withstand mortgage defaults in economically depressed areas; (4) the Federal Home Loan Mortgage Corporation and Student Loan Marketing Association consistently reported profitable operations; (5) the College Construction Loan Insurance Association expected few or no losses from credit risk and was not exposed to interest rate risks; (6) the Federal Agriculture Mortgage Corporation has prepared credit standards and methods of operation, but has not yet guaranteed any securities; and (7) the degree of federal oversight differed among GSE, involving GSE managers' and owners' control over daily management and risk-taking activities, state regulation, federal regulations and standards, and federal enforcement efforts. GAO believes that federal oversight of GSE should be strengthened to control risk-taking activities and capital building to protect the government's interest.
Mar 22, 2018
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Financial Technology:
Additional Steps by Regulators Could Better Protect Consumers and Aid Regulatory OversightGAO-18-254: Published: Mar 22, 2018. Publicly Released: Mar 22, 2018. -
Climate-Related Risks:
SEC Has Taken Steps to Clarify Disclosure RequirementsGAO-18-188: Published: Feb 20, 2018. Publicly Released: Mar 22, 2018.
Mar 16, 2018
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Community Reinvestment Act:
Options for Treasury to Consider to Encourage Services and Small-Dollar Loans When Reviewing FrameworkGAO-18-244: Published: Feb 14, 2018. Publicly Released: Mar 16, 2018.
Mar 15, 2018
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Commercial Real Estate Lending:
Banks Potentially Face Increased Risk; Regulators Generally Are Assessing Banks' Risk Management PracticesGAO-18-245: Published: Mar 15, 2018. Publicly Released: Mar 15, 2018.
Feb 27, 2018
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Analyzing Regulatory Burden:
Policies and Analyses under the Regulatory Flexibility Act and Retrospective Reviews Could Be ImprovedGAO-18-404T: Published: Feb 27, 2018. Publicly Released: Feb 27, 2018. -
Community Banks and Credit Unions:
Regulators Could Take Additional Steps to Address Compliance BurdensGAO-18-213: Published: Feb 13, 2018. Publicly Released: Feb 27, 2018.
Feb 26, 2018
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Bank Secrecy Act:
Derisking along the Southwest Border Highlights Need for Regulators to Enhance Retrospective ReviewsGAO-18-263: Published: Feb 26, 2018. Publicly Released: Feb 26, 2018.
Jan 30, 2018
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Financial Services Regulations:
Procedures for Reviews under Regulatory Flexibility Act Need to Be EnhancedGAO-18-256: Published: Jan 30, 2018. Publicly Released: Jan 30, 2018.
Dec 8, 2017
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Financial Services Industry:
Trends in Management Representation of Minorities and Women and Diversity Practices, 2007-2015GAO-18-64: Published: Nov 8, 2017. Publicly Released: Dec 8, 2017.
Dec 7, 2017
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Office of Financial Research:
Observations on GAO Access to Information on Programs and ActivitiesGAO-18-255T: Published: Dec 7, 2017. Publicly Released: Dec 7, 2017.
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