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Financial Audit Bank Insurance Funds 1991 And 1990 Financial Statements
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Book Synopsis Financial Audit : Bank Insurance Fund's 1991 and 1990 Financial Statements by : United States. General Accounting Office
Download or read book Financial Audit : Bank Insurance Fund's 1991 and 1990 Financial Statements written by United States. General Accounting Office and published by . This book was released on 1992 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Financial Audit by : U S Government Accountability Office (G
Download or read book Financial Audit written by U S Government Accountability Office (G and published by BiblioGov. This book was released on 2013-07 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: GAO examined the Federal Deposit Insurance Corporation's (FDIC) Bank Insurance Fund's financial statements for the years ended December 31, 1991 and 1990. GAO found that: (1) four consecutive yearly losses resulted in the Bank Insurance Fund reporting a $7-billion deficit; (2) FDIC expects significant additional financially troubled banks to require resolution; (3) depending on economic conditions, adequate Bank Insurance Fund funding, receivership asset recovery and total resolution cost of troubled banks remain uncertain; (4) recapitalization of the Bank Insurance Fund is needed to avoid further borrowings from taxpayers; (5) data integrity problems result from weak FDIC controls and an inability to rely upon the Liquidation Asset Management Information System; and (6) FDIC fails to adhere to time and attendance accounting and reporting procedures.
Book Synopsis Financial Audit by : United States Accounting Office (GAO)
Download or read book Financial Audit written by United States Accounting Office (GAO) and published by Createspace Independent Publishing Platform. This book was released on 2018-04-09 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: AFMD-92-73 Financial Audit: Bank Insurance Fund's 1991 and 1990 Financial Statements
Book Synopsis Financial Audit by : U S Government Accountability Office (G
Download or read book Financial Audit written by U S Government Accountability Office (G and published by BiblioGov. This book was released on 2013-07 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: GAO reviewed the Savings Association Insurance Fund's (SAIF): (1) financial statements for the years ended December 31, 1991, and 1990; and (2) internal control structure and compliance with applicable laws and regulations. GAO found that: (1) the financial statements presented fairly, in all material respects, the SAIF financial position for the years then ended, in conformity with generally accepted accounting principles; (2) as of December 31, 1991, SAIF reported an $87-million fund balance; (3) SAIF financial statements reflected a $21-million loss attributable to the failure of Oakar banks, or banks that acquired thrifts' deposits; (4) the financial condition of the thrift industry improved in 1991, but economic uncertainties will continue to affect SAIF exposure to potential insurance losses; (5) it is uncertain whether insurance assessments and Treasury payments, the two primary revenue sources for SAIF, will be sufficient to enable SAIF to carry out its responsibilities and achieve its net worth goals; (6) the Federal Deposit Insurance Corporation (FDIC), which administers SAIF, proposed an assessment rate increase to help SAIF reach its designated reserve ratio of 1.25 percent of its insured deposits; (7) FDIC lacks an adequate process for estimating potential insurance losses for SAIF, particularly those posed by failures of smaller Oakar banks; and (8) FDIC does not consistently follow its policies and procedures for time and attendance reporting.
Book Synopsis Financial Audit by : United States. General Accounting Office
Download or read book Financial Audit written by United States. General Accounting Office and published by . This book was released on 1991 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Financial Audit by : U S Government Accountability Office (G
Download or read book Financial Audit written by U S Government Accountability Office (G and published by BiblioGov. This book was released on 2013-07 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: GAO examined the Federal Deposit Insurance Corporation's (FDIC) Bank Insurance Fund's financial statements for the years ended December 31, 1990 and 1989. GAO found that: (1) the Fund's 1990 financial statements show that the significant losses it incurred in resolving problem institutions have depleted its equity; (2) a $4-billion balance at the end of 1990 represented just 0.15 percent of insured deposits; (3) given future bank failures, the Fund will likely be insolvent by December 31, 1991; (4) the Fund's financial statements fairly presented the Fund's financial position, in accordance with generally accepted accounting principles; (5) FDIC complied, in all material respects, with those laws and regulations that could have a material effect on the Fund's financial statements; (6) the Fund's actual resolution costs could be higher than estimated, due to significant uncertainties beyond FDIC control which affect cost estimates for resolving institutions; and (7) FDIC agreed to reclassify escrowed funds from failed bank resolutions as liabilities incured from bank assistance and failures.
Book Synopsis Financial Audit by : United States Accounting Office (GAO)
Download or read book Financial Audit written by United States Accounting Office (GAO) and published by Createspace Independent Publishing Platform. This book was released on 2018-04-23 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: AFMD-92-72 Financial Audit: Savings Association Insurance Fund's 1991 and 1990 Financial Statements
Book Synopsis Financial Audit : Savings Association Insurance Fund's 1991 and 1990 Financial Statements by : United States. General Accounting Office
Download or read book Financial Audit : Savings Association Insurance Fund's 1991 and 1990 Financial Statements written by United States. General Accounting Office and published by . This book was released on 1992 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Financial Audit : FSLIC Resolution Fund's 1991 and 1990 Financial Statements by : United States. General Accounting Office
Download or read book Financial Audit : FSLIC Resolution Fund's 1991 and 1990 Financial Statements written by United States. General Accounting Office and published by . This book was released on 1992 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Financial Audit by : U S Government Accountability Office (G
Download or read book Financial Audit written by U S Government Accountability Office (G and published by BiblioGov. This book was released on 2013-07 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: GAO reviewed the Federal Savings and Loan Insurance Corporation's (FSLIC) Resolution Fund's financial statements for the years ended December 31, 1991 and 1990. GAO found that: (1) the Fund's statement of financial position as of December 31, 1991, and its statements of cash flows for the years ended December 31, 1991 and 1990, presented fairly in all material respects the Fund's financial condition; (2) the statements were in conformity with generally accepted accounting standards; (3) the Fund's 1991 statement of income and accumulated deficit includes $1.7 billion in losses as a result of increases in the Fund's estimated assistance payments and a decrease in the Fund's estimated recoveries on receivership and corporate owned assets since the end of 1990; and (4) although the Fund's estimated future assistance payments and its estimated recoveries from asset sales are reasonable, uncertainties still exist regarding general economic conditions, such as the real estate markets and interest rates.
Book Synopsis Financial Audit by : United States Accounting Office (GAO)
Download or read book Financial Audit written by United States Accounting Office (GAO) and published by Createspace Independent Publishing Platform. This book was released on 2018-04-09 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: AFMD-92-24 Financial Audit: Bank Insurance Fund's 1990 and 1989 Financial Statements
Book Synopsis Financial Audit by : United States Accounting Office (GAO)
Download or read book Financial Audit written by United States Accounting Office (GAO) and published by Createspace Independent Publishing Platform. This book was released on 2018-04-09 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: AFMD-93-55 Financial Audit: Customs Forfeiture Fund's Financial Statements for 1991 and 1990
Book Synopsis Financial Audit by : United States. General Accounting Office
Download or read book Financial Audit written by United States. General Accounting Office and published by . This book was released on 1992 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Audit written by and published by . This book was released on 1992 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Financial Audit by : United States Accounting Office (GAO)
Download or read book Financial Audit written by United States Accounting Office (GAO) and published by Createspace Independent Publishing Platform. This book was released on 2018-04-23 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: AFMD-92-75 Financial Audit: FSLIC Resolution Fund's 1991 and 1990 Financial Statements
Book Synopsis Financial Audit by : United States Accounting Office (GAO)
Download or read book Financial Audit written by United States Accounting Office (GAO) and published by Createspace Independent Publishing Platform. This book was released on 2018-04-23 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: AFMD-92-74 Financial Audit: Resolution Trust Corporation's 1991 and 1990 Financial Statements
Book Synopsis Financial Audit by : United States. General Accounting Office
Download or read book Financial Audit written by United States. General Accounting Office and published by . This book was released on 1993 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt:
