Risks and Oversight of Government Sponsored Enterprises
T-GGD-90-41: Published: May 14, 1990. Publicly Released: May 14, 1990.
Additional Materials:
- Full Report:
Contact:
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.
Sep 22, 2020
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
-
Bank Supervision:
FDIC Could Better Address Regulatory Capture RisksGAO-20-519: Published: Sep 4, 2020. Publicly Released: Sep 4, 2020.
Jul 21, 2020
-
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
-
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
-
Priority Open Recommendations:
Department of the TreasuryGAO-20-549PR: Published: Apr 23, 2020. Publicly Released: Apr 30, 2020.
Apr 27, 2020
-
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.
Apr 21, 2020
-
Priority Open Recommendations:
Securities and Exchange CommissionGAO-20-502PR: Published: Apr 14, 2020. Publicly Released: Apr 21, 2020.
Apr 20, 2020
-
Terrorism Risk Insurance:
Market Is Stable but Treasury Could Strengthen Communications about Its ProcessesGAO-20-364: Published: Apr 20, 2020. Publicly Released: Apr 20, 2020. -
Terrorism Risk Insurance:
Program Changes Have Reduced Federal Fiscal ExposureGAO-20-348: Published: Apr 20, 2020. Publicly Released: Apr 20, 2020.
Looking for more? Browse all our products here
Explore our Key Issues on Financial Markets and Institutions
Explore our other Key Issues here
