United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office General Government Division author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 1994-03-04 monographic deposited born digital GA 1.13:T-GGD-94-106 https://www.govinfo.gov/app/details/GAOREPORTS-T-GGD-94-106 P0b002ee180393aca f:tgg94106 DGPO 2010-08-12 2011-03-24 GAOREPORTS-T-GGD-94-106 machine generated eng fdlp REPORT GAOREPORTS-T-GGD-94-106 T-GGD-94-106 Proposed legislation Regulatory agencies Banking regulation Federal agency reorganization Interagency relations Law enforcement Bank examination Investigations by federal agencies Federal/state relations Insured commercial banks Testimony GGD Recently, several proposals have been made to consolidate the Office of the Comptroller of the Currency (OCC), the Office of Thrift Supervision (OTS), the Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC). Some of these proposals would merge all of these regulatory groups into a single independent agency--the Federal Banking Commission--while others would retain more than one regulator. The relative strengths and weaknesses of each major approach need to be carefully examined. GAO supports reducing the existing number of federal banking regulators. However, until the questions about the Federal Reserve's role on bank supervision can be resolved, GAO believes that it would be logical to combine OTS, OCC, and FDIC's supervisory responsibilities for state-chartered banks that are not members of the Federal Reserve System into one independent agency. https://www.govinfo.gov/content/pkg/GAOREPORTS-T-GGD-94-106/html/GAOREPORTS-T-GGD-94-106.htm GAO/T-GGD-94-106 https://www.govinfo.gov/app/details/GAOREPORTS-T-GGD-94-106 Testimony GAO/T-GGD-94-106; Bank Regulation: Consolidation of the Regulatory Agencies; Proposed legislation Regulatory agencies Banking regulation Federal agency reorganization Interagency relations Law enforcement Bank examination Investigations by federal agencies Federal/state relations Insured commercial banks