Financial Audit: Federal Deposit Insurance Corporation's 1998 and 1997 Financial Statements : Report to the CongressThe Office, 1999 - 85 pages |
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Common terms and phrases
accepted accounting principles accompanying notes accumulated deficit acquired from assisted allowance for loss April 30 assessment rates assets acquired assets and liabilities assistance agreements assisted banks assisted thrifts Association Insurance Fund audits available-for-sale Bank Insurance Fund bank resolutions banks and terminated BIF's California Federal Bank Cash Equivalents Cash Flows Cash Provided Comprehensive Income December 31 Dollars Deposit Insurance Corporation discount Dollars in Thousands employees Ended December 31 estimated liabilities FDIC FDIC's Federal Deposit Insurance FICO Financial Position financial statements FIRREA FRF-FSLIC FRF's FSLIC Resolution Fund Fund Balance Goodwill Litigation held-to-maturity internal control Investment in U.S. judgments and settlements laws and regulations million Needs Improvement Off-Balance-Sheet Postretirement Benefits receivables from thrift recoveries REFCORP Resolution Trust Corporation risk RTC Completion Act SAIF SAIF's satisfactory Savings Association Insurance SFAS software vendors Statements of Financial subrogated terminated receiverships thrift resolutions Thrift Savings Plan thrifts and terminated Total U.S. Treasury obligations Y2K problems
Popular passages
Page 9 - The Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation...
Page 9 - Also, projection of any evaluation of the system to future periods is subject to the risk that procedures may become inadequate because of changes in conditions or that the degree of compliance with the procedures may deteriorate. Our study and evaluation made for the limited purpose described in the first paragraph would not necessarily disclose all material weaknesses in the system.
Page 9 - The objectives of a system are to provide management with reasonable, but not absolute, assurance that assets are safeguarded against loss from unauthorized use or disposition, and that transactions are executed in accordance with management's authorization and recorded properly to permit the preparation of financial statements in accordance with generally accepted accounting principles.
Page 4 - SOP 98-1, Accounting for the Costs of Computer Software Developed or Obtained for Internal Use.
Page 20 - Use of estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.
Page 9 - In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the...
Page 9 - FMFIA, such as those controls relevant to preparing statistical reports and ensuring efficient operations. We limited our internal control testing to those controls necessary to achieve the objectives outlined in our opinion on management's assertion about the effectiveness of internal controls.
Page 36 - Net cash used by financing activities Net increase in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of...
Page 4 - ... insured State-chartered banks that are not members of the Federal Reserve System. The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the Government.
Page 9 - The auditor shall— (1) determine whether the financial statements are presented fairly in all material respects in conformity with generally accepted accounting principles...