Menu Search Account

LegiStorm

Get LegiStorm App Visit Product Demo Website
» Get LegiStorm App
» Get LegiStorm Pro Free Demo

Bank Supervision: Observations on the National Bank and Thrift Examiners' Conference

  Premium   Download PDF Now (8 pages)
Report Type Reports and Testimonies
Report Date Jan. 3, 1992
Report No. T-GGD-92-10
Subject
Summary:

The Comptroller General testified on the National Bank and Thrift Examiners' Conference held in Baltimore, Maryland, in December 1991. Hosted by four federal financial institution regulators who issued the "Interagency Policy Statement on the Review and Classification of Commercial Real Estate Loans" in November 1991, the conference sought to review with senior examination personnel the policy statement and other issues related to credit availability. The conference did not allay GAO's concerns about the inconsistency between the policy statement and the objectives of recently passed bank reform legislation. The "broader view" approach to loan evaluation and classification and the seeming shift in the burden of proof that the examination workforce must carry is troublesome to GAO and potentially dangerous to the safety and soundness of the banking system.

« Return to search Government Accountability Office reports