Minority Banks: GAO Survey of Minority Banks (GAO-07-7SP)

Read the Full Report

This document presents the results of GAO's 2006 survey of minority banks for all respondents. The purpose of the survey was to collect information primarily on four federal banking regulators'--Federal Deposit Insurance Corporation (FDIC), Comptroller of the Currency, Office of Thrift Supervision (OTS), and the Federal Reserve--efforts to support minority banks and related regulatory issues. Of the banking regulators, FDIC and OTS are required by Section 308 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to work towards preserving and promoting minority banks. Specifically, our survey asked minority banks about their awareness and usage of, as well as their satisfaction with, the regulators' minority bank efforts, including events for minority banks and the provision of technical assistance and training. The survey also asked about other regulatory issues, such as the examination process. The Web-based survey was made available to officials at all 195 minority banks as identified by GAO from information provided by the regulators, and the response rate was 76 percent. A more detailed discussion of our scope and methodology, a discussion of survey results for all respondents, and summary discussions of selected survey results for various subpopulations are contained in our report, Minority Banks: Regulators Need to Better Assess Effectiveness of Support Efforts. Clicking on the following link will provide access to this report (GAO-07-6). We conducted our Web-based survey from March through April 2006. We conducted our audit work in Washington, D.C. and New York from December 2005 to September 2006 in accordance with generally accepted government auditing standards.

Instructions for Viewing this Survey

How to View The Surveys

  • Click on the Table of Contents link located in the lower right of this screen. To read to the bottom of the screen, you may need to use your scroll bar on the right side of this screen.
  • The first screen in the survey is an introduction and general information that was sent to and viewed by recipients of the survey. There are no survey results to view on this screen. This screen is for information only and you may by-pass it by clicking on Next located at the bottom of the screen in the lower right.
  • The survey may have links to allow respondents to bypass inapplicable questions (skip patterns). While these were active links during the data collection period, they have now been disabled.
  • When a respondent wrote a narrative response to a question, we report the percentage for the top three or four responses.

How to View the Responses for Each Question

  • To view the responses to each question, click on the question number (Links to survey questions will look like this: 1., etc.).
  • After viewing the responses to each question, click on the "x" in the upper right corner of your screen to close that window and return to the questionnaire.

How to Return to a Page That You Previously Visited

  • To return to the last screen you viewed, click the Previous button on the lower right corner of the screen.
  • Click the Next button to advance to the next screen.

How to Make the Font Larger on Your Screen

  • You can make the font larger by changing your browser setting. For example, on Internet Explorer you can change the font size by going to View and selecting Text Size.

Contact Information?

  • If you have questions concerning these data, please contact George Scott at (202) 512-7215 or ScottG@gao.gov.
Table of Contents