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Failing Banks: Lessons Learned from Resolving First City Bancorporation of Texas

GGD-95-37 Published: Mar 15, 1995. Publicly Released: Mar 15, 1995.
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Highlights

Pursuant to a congressional request, GAO reviewed the Federal Deposit Insurance Corporation's (FDIC) resolution of the First City Bancorporation of Texas, focusing on: (1) why FDIC decided to resolve the corporation by providing financial assistance instead of using other available resolution alternatives; and (2) the additional cost to the Bank Insurance Fund (BIF) as a result of the resolution.

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Bank examinationBank failuresBank managementBanking lawCost effectiveness analysisFinancial institutionsFinancial managementInsured commercial banksFederal deposit insuranceBanking