Semiannual Report to Congress October1,2009- March 31, 2010 (Paperback) (ISBN-13: 9781505555707)

Over the past 6 months, my office focused almost exclusively on performing material loss reviews of failed banks and thrifts regulated by the Office of the Comptroller of the Currency (OCC) and the Office of Thrift Supervision (OTS). These reviews are mandated by the Federal Deposit Insurance Act whenever a failed Treasury-regulated financial institution causes a loss of $25 million or more to the Federal Deposit Insurance Corporation's Deposit Insurance Fund. During the current economic crisis through March 31st of this year, my office has completed and issued 17 such reviews and has another 32 underway. The failures of these 49 Treasury-regulated financial institutions have cost the Deposit Insurance Fund an estimated $34 billion

Author: Office of the Inspector General Departme
ISBN-10: 1505555701
ISBN-13: 9781505555707
Publisher: Createspace Independent Publishing Platform
Language: English
Published: 01/03/2015
Pages: 50
Format: Paperback
Weight: 0.31lbs
Size: 11.02h x 8.50w x 0.10d