Bank and Thrift Regulation: Implementation of FDICIA's Prompt Regulatory ActionProvisions

摘要

This report summarizes the results of our self-initiated review of theimplementation of the Federal Deposit Insurance Corporation Improvement Act of 1991's (FDICIA) Prompt Regulatory Action provisions, as amended. Our review focused on the Federal Reserve System's and the Office of the Comptroller of the Currency's efforts to implement the provisions and the impact of the provisions on federal oversight of depository institutions. This report also discusses other initiatives, contained in FDICIA or self-initiated by the regulators, that are intended to improve the supervision and early identification of institutions with safety-and-soundness problems.