Failed Banks: FDIC's Asset Liquidation Operations

Pursuant to a congressional request, GAO reviewed the Federal Deposit Insurance Corporation's (FDIC) Division of Liquidation's management and liquidation of assets acquired from failed and assisted banks, specifically: (1) how FDIC adjusted its liquidation operations to an environment of increasingly high numbers of bank failures; (2) how FDIC managed liquidations; and (3) how much FDIC expected to recover on liquidated assets.