United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office Accounting and Information Management Division author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 1994-11-04 monographic deposited born digital 30 p. GA 1.13:AIMD-95-15 https://www.govinfo.gov/app/details/GAOREPORTS-AIMD-95-15 P0b002ee180390143 f:ai95015 DGPO 2010-08-12 2011-03-23 GAOREPORTS-AIMD-95-15 machine generated eng fdlp REPORT GAOREPORTS-AIMD-95-15 AIMD-95-15 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 Savings Association Insurance Fund Bank Insurance Fund BIF SAIF Letter Report AIMD 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. https://www.govinfo.gov/content/pkg/GAOREPORTS-AIMD-95-15/html/GAOREPORTS-AIMD-95-15.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-AIMD-95-15/pdf/GAOREPORTS-AIMD-95-15.pdf GAO/AIMD-95-15 https://www.govinfo.gov/app/details/GAOREPORTS-AIMD-95-15 Letter Report GAO/AIMD-95-15; Deposit Insurance Funds: Compliance with Obligation and Repayment Requirements as of March 31, 1994; 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 Savings Association Insurance Fund Bank Insurance Fund BIF SAIF