Deposit Insurance Funds: Compliance with Obligation and Repayment
Requirements as of March 31, 1994 (Letter Report, 11/04/94,
GAO/AIMD-95-15).

The Federal Deposit Insurance Corporation's (FDIC) maximum obligation
limitation calculations show that as of March 31, 1994, (1) the Bank
Insurance Fund's (BIF) assets and other funding sources exceeded its
obligations by $48 billion and (2) the Savings Association Insurance
Fund's (SAIF) assets and other funding sources exceeded its obligations
by $1.6 billion. Nothing came to GAO's attention that would lead it to
question the reasonableness of the amounts reported.  As of March 31,
1994, neither BIF nor SAID has 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 neither BIF nor SAIF will need to borrow money from Treasury to
cover insurance losses through fiscal year 1999 and that BIF and SAIF
will achieve their designated ratios of reserves to insured deposits of
1.25 percent by 1995 and 2002, respectively.  FDIC borrowed no funds
from the Federal Financing Bank for working capital needs during the
quarter ended March 31, 1994.  FDIC repaid the outstanding balance of
BIF's previous borrowings from the Federal Financing Bank on August 6,
1993.

--------------------------- Indexing Terms -----------------------------

 REPORTNUM:  AIMD-95-15
     TITLE:  Deposit Insurance Funds: Compliance with Obligation and 
             Repayment Requirements as of March 31, 1994
      DATE:  11/04/94
   SUBJECT:  Bank failures
             Savings and loan associations
             Authority to borrow from Treasury
             Funds management
             Total obligational authority
             Compliance
             Insurance losses
             Future budget projections
             Insured commercial banks
             Reimbursements to government
IDENTIFIER:  Savings Association Insurance Fund
             Bank Insurance Fund
             BIF
             SAIF
             
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