Federal Reserve Could Improve the Efficiency of Bank Holding Company Inspections.
GENERAL ACCOUNTING OFFICE WASHINGTON DC GENERAL GOVERNMENT DIV
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This report discusses the Federal Reserves bank holding company supervision program and offers a number of recommendations for improvement. These recommendations primarily deal with the scope and frequency of holding company inspections, the use of financial information to monitor the condition of holding companies, and the use of other Federal bank regulators to perform inspections of low-risk holding companies at the Federal Reserves request. We undertook this review because the number of bank holding companies has grown rapidly, and the Federal Reserve has made a number of changes to improve its supervision and accommodate the increasing workload. We wanted to determine whether further revisions in holding company inspection procedures were needed.
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