United States Government Publishing Office
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Government Accountability Office
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GAOREPORTS
Legislative Agency Publications
gao
legislative
2010-08-12
U.S. Government Printing Office
1994-05-09
monographic
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born digital
GA 1.13:AIMD-94-100
https://www.govinfo.gov/app/details/GAOREPORTS-AIMD-94-100
P0b002ee18039781f
f:ai94100
DGPO
2010-08-12
2011-03-28
GAOREPORTS-AIMD-94-100
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eng
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REPORT
GAOREPORTS-AIMD-94-100
AIMD-94-100
Bank failures
Savings and loan associations
Authority to borrow from Treasury
Funds management
Total obligational authority
Compliance
Reimbursements to government
Insurance losses
Future budget projections
Bank Insurance Fund
Savings Association Insurance Fund
BIF
SAIF
Letter Report
AIMD
Deposit Insurance Funds: Compliance with Obligation and Repayment Requirements as of September 30, 1993
The Federal Deposit Insurance Corporation's (FDIC) maximum obligation
calculations show that as of September 30, 1993, (1) the Bank Insurance
Fund's (BIF) assets and other funding sources exceeded its obligations
by $44 billion and (2) the Savings Association Insurance Fund's (SAIF)
assets and other funding sources exceeded its obligations by $1.2
billion. Nothing came to GAO's attention that would lead it to question
the reasonableness of the amounts reported. As of September 30, 1993,
neither BIF nor SAIF had borrowed funds for insurance losses from the
U.S. Treasury, although changing economic conditions and other factors
could affect the need for future borrowings. FDIC anticipates that BIF
will not need to borrow money from Treasury to cover insurance losses
through fiscal year 1999 and that BIF will achieve its designated ratio
of reserves to insured deposits of 1.25 percent by 1996. Passage of the
Resolution Trust Corporation (RTC) Completion Act, which provided RTC
with funding to resolve troubled thrifts, should reduce the likelihood
that SAIF will need to borrow from Treasury to cover insurance losses in
the near future. In August 1993, FDIC repaid the $2.5 billion
outstanding Federal Financing Bank balance of BIF's working capital
borrowings.
https://www.govinfo.gov/content/pkg/GAOREPORTS-AIMD-94-100/html/GAOREPORTS-AIMD-94-100.htm
GAO/AIMD-94-100
https://www.govinfo.gov/app/details/GAOREPORTS-AIMD-94-100
Letter Report
GAO/AIMD-94-100; Deposit Insurance Funds: Compliance with Obligation and Repayment Requirements as of September 30, 1993;
Bank failures
Savings and loan associations
Authority to borrow from Treasury
Funds management
Total obligational authority
Compliance
Reimbursements to government
Insurance losses
Future budget projections
Bank Insurance Fund
Savings Association Insurance Fund
BIF
SAIF
United States Public Law 233 (102nd Congress)
Public Law 102-233
United States Public Law 204 (103rd Congress)
Public Law 103-204