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GGD-85-79 1 (1985-09-24)

handle is hein.gao/gaobabfix0001 and id is 1 raw text is: 



REPORT BY THE U, S.



General Accounting Office






Thrift Industry Restructuring And The Net

Worth Certificate Program


The Garn-St Germain Depository Insti-
tutions Act of 1982 authorized capital
assistance programs for savings and loan
associations and savings banks. These
programs were intended to increase the
net worth of weakened institutions so that
they could return to profitability.

The act requires GAO to examine the net
worth certificate program and to report to
the Congress. GAO used data on thrift
institutions for the period December 1977
through September 1984. This report
shows the restructuring that occurred and
the progress made toward profitability by
the industry; by early participants in the
Federal Savings and Loan Insurance Cor-
poration net worth certificate program; and
by a set of institutions that were potentially
eligible to participate, but chose not to do so.


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      GAO/GGD-85-79
SEPTEMBER 24, 1985


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