United States General Accounting Office Washington, D C 20548 Comptroller General of the United States part3 pot
United States General Accounting Office Washington, D.C. 20548 Comptroller General of the United States _part1 docx
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GAO
United States
General Accounting Office
Washington, D. C. 20648
Comptroller General
of the United States
B-l 14831
To the Board of Directors
Federal Deposit Insurance Corporation ... version
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Pwe 2
GAOIAFMD-92-78 Bank Ineurence Fund
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GA!0
United States
General Accountin...
United States General Accounting Office Washington, D.C. 20548 Comptroller General of the United States _part2 pot
...
were, in fact, recorded in
LAMIS.
Of these 45 files, 3 (7 percent) had not
been recorded at the time of our audit.
FDIC's
Office of the Inspector General conducted an audit of
LAMIS ... resolution could result in the need for increased
funding.
Future events in the thrift industry could also significantly affect the
adequacy of the funding provided. Unde...
United States General Accounting Office Washington, D.C. 20548 Comptroller General of the United States _part3 potx
... the
FDIC
direct the heads of the Division
of Accounting and Corporate Services and Division of Liquidation to
l
conduct, on a quarterly basis, an analysis of collection experience as a
compensating ... each Fund under the FDIC’s management are allocated on the basis of
the relative degree to which the expenses were Incurred by the Funds.
DepreclaUon. The Wa...
United States General Accounting Office Washington, D.C. 20548 Comptroller General of the United States _part4 doc
... Februuy 21, lW2, Ddlar Dry Dock was dedared Insolvent by the state chanerlng authorlty and
wbaequntfy dosed
and
the FDIC
was
appolnted receiver. The FDIC appmved the sate of the failed
h#tktJlkm ... FDIC Board of
Directors approved an Increase in the assessment rate to 0.230 percent (23 cents per $100 of domestlc
deposits) for the second semiannual period of 1991...
United States General Accounting Office Washington, D.C. 20548 Comptroller General of the United States_part1 potx
... 31,1993.
We conducted our audits pursuant to the provisions of section 17 (d) of the
Federal Deposit Insurance Act., as amended (12 U.S .C. 1827 (d) ), and in
accordance with generally accepted government ... government auditing standards.
We are sending copies of this report to the Acting Chairman of the Board
of Directors of the Federal Deposit Insurance Corporatio...
United States General Accounting Office Washington, D.C. 20548 Comptroller General of the United States_part2 potx
... should be deposited the same day.
However, the servicer does not reconcile checks received each day to
checks processed and deposited, nor does the servicer promptly process
all checks received ... Adopted uniform procedures for processing and reconciling cash receipts
at its consolidated receivership offices. Because
FDIC is in
the process of
merging certain consolidated rece...
United States General Accounting Office Washington, D.C. 20548 Comptroller General of the United States_part3 pot
... recommend that the Acting Chairman of the Federal Deposit
Insurance Corporation direct FDIC’S division and office heads to enforce
the revised policies and procedures in
FDIC’S
Time and Attendance ... Services and Division of Finance to verify and
document the accuracy and completeness of the balances and activity
reported to FLHC by contracted asset servicers back to...
United States General Accounting Office Washington, D.C. 20548 Comptroller General of the United States_part4 doc
... subject to uncertainties because of changing economic
conditions. These factors could reduce the claimants’ actual
recoveries upon the sale of these assets from the level of recoveries
currently ... represents the difference between amounts advanced
and the expected repayment, based upon the estimated cash
recoveries from the management and disposition of the asse...
United States General Accounting Office Washington, D.C. 20548 Comptroller General of the United States_part5 pdf
... Statements
19. Disclosure about
Recent Financial
Accounting
Standards Board
Pronouncements
The Financial Accounting Standards Board has issued Statement of
Financial Accounting Standards No. 112 ... does not
consider discounted future cash tlows because the FDlC cannot
predict the timing of events with reasonable accuracy. For this
reason, the FDIC considers the to...
United States General Accounting Office Washington, D.C. 20548 Comptroller General of the United States_part6 pot
... defining the existence of the “accountable
event” that triggers loss recognition under generally accepted
accounting principles.
As
with any of its estimated losses, the FDIC cannot predict the ... Policies
General
These financial statements pertain to the financial position, results of
operations and cash flows of the SAIF, and are presented in
accordance with g...
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