skip navigation

PUBLICATIONS

Register for Latest Research

Stay Informed
Register with NCJRS to receive NCJRS's biweekly e-newsletter JUSTINFO and additional periodic emails from NCJRS and the NCJRS federal sponsors that highlight the latest research published or sponsored by the Office of Justice Programs.

NCJRS Abstract

The document referenced below is part of the NCJRS Virtual Library collection. To conduct further searches of the collection, visit the Virtual Library. See the Obtain Documents page for direction on how to access resources online, via mail, through interlibrary loans, or in a local library.

 

NCJ Number: 119202 Find in a Library
Title: Failed Thrifts: Bank Board's 1988 Texas Resolutions
Corporate Author: US Government Accountability Office
United States of America
Date Published: 1989
Page Count: 14
Sponsoring Agency: Azimuth Inc.
Fairmont, WV 26554
National Institute of Justice/
Rockville, MD 20849
NCJRS Photocopy Services
Rockville, MD 20849-6000
US Government Accountability Office
Washington, DC 20548
Sale Source: Azimuth Inc.
1000 Technology Drive, Suite 3120
Fairmont, WV 26554
United States of America

National Institute of Justice/
NCJRS paper reproduction
Box 6000, Dept F
Rockville, MD 20849
United States of America

NCJRS Photocopy Services
Box 6000
Rockville, MD 20849-6000
United States of America
Document: PDF
Type: Report (Technical)
Language: English
Country: United States of America
Annotation: An analysis of the 1988 efforts by the Federal Home Loan Bank Board (FHLBB) to address the problem of insolvent thrift institutions in Texas by consolidating them with sound institutions showed that FHLBB approved 15 assisted transactions involving 87 insolvent thrifts at a projected cash cost of about $44 billion.
Abstract: In February 1989 a moratorium on such transactions was announced following the Bush Administration's proposal for a resolution of the thrift crisis. A thrift industry still exists in Texas, but its viability is uncertain. In addition, the ultimate cost to the government of the thrift transactions is uncertain, because the Federal Savings and Loan Insurance Corporation has provided a wide range of financial assistance in the form of notes and guarantees to attract acquirers to buy packages of thrifts. The costs could be more than the estimates if the assets involved have less value than indicated by unaudited financial reports or if interest rates increase. Related to these issues is the loose structure and inconsistent administration of the process used to solicit and select acquirers for the Texas thrifts under the Southwest Plan approved by the FHLBB in February 1988. Footnotes and appended tables.
Main Term(s): Financial institutions
Index Term(s): Federal programs; Texas
Note: Report to the Chairman, Committee on Banking, Finance and Urban Affairs, House of Representatives
To cite this abstract, use the following link:
http://www.ncjrs.gov/App/publications/abstract.aspx?ID=119202

*A link to the full-text document is provided whenever possible. For documents not available online, a link to the publisher's website is provided. Tell us how you use the NCJRS Library and Abstracts Database - send us your feedback.