Resolution Trust Corporation:
Performance Assessment for 1991
T-GGD-92-18: Published: Mar 5, 1992. Publicly Released: Mar 5, 1992.
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GAO discussed the Resolution Trust Corporation's (RTC): (1) progress in resolving failed or problem thrifts; and (2) funding needs. GAO noted that RTC: (1) continues to make good progress in resolving thrifts and selling certain assets, and by the end of 1991, had resolved 584 thrifts at a cost of $77 billion, but during 1991, economic and funding disruptions caused RTC to resolve only 232 thrifts out of 268 planned resolutions; (2) cannot accurately predict the full cost of its resolution actions or the exact number or time of future bank failures; (3) decreased its average speed in resolving thrifts to only 40 weeks; (4) increased its emphasis on asset sales, but needs a more aggressive disposition program for its increasing inventory of hard-to-sell financial and real estate assets; (5) improved its contracting system, but made little progress in implementing effective strategies for contractor oversight and contract administration; (6) lacked adequate information systems to support asset management and disposition, and such problems as unclear or changing requirements, inaccurate or incomplete data, poor software, and poor response times have delayed systems delivery and use; and (7) has awarded more contracts to minority and women-owned businesses.
Jan 28, 2021
Macroprudential Oversight:
Principles for Evaluating Policies to Assess and Mitigate Risks to Financial System StabilityGAO-21-230SP: Published: Jan 28, 2021. Publicly Released: Jan 28, 2021.
Dec 16, 2020
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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.
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