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088056 1 (1981-06-03)

handle is hein.gao/gaobadxhe0001 and id is 1 raw text is: 



            UNITED STATES GENERAL ACCOUNTING OFFICE
                         WASHINGTON, D.C.


                                      FOR RELEASE ON DELIVERY
                                      EXPECTED AT 1:00 pm EST
                                      WEDNESDAY, JUNE 3, 1981

                        STATEMENT OF

                      DANIEL F. STANTON

        DEPUTY DIRECTOR OF THE GENERAL GOVERNMENT DIVISION

                         BEFORE THE

               SUBCOMMITTEE ON GENERAL OVERSIGHT
                                                         088056
                       AND RENEGOTIATION

         COMMITTEE ON BANKING, FINANCE AND URBAN AFFAIRS

                     HOUSE OF REPRESENTATIVES

Mr. Chairman:

     I am pleased to appear today before this subcommittee to

discuss differences in the examination processes of the Fed-

eral regulators of financial institutions and the need to

consider alternatives to the present organizational structure

for examining financial institutions. On January 6, 1981, we

issued a report to the Congress 1/ in which we identified

several underlying examination differences which the Federal

Financial Institutions Examination Council must address if it is

to sucessfully develop uniform examination principles and stand-

ards. In another report to the Congress 2/ on April 24, 1981,



l/Federal Examinations of Financial Institutions: Issues That
  Need To Be Resolved (GGD-81-12, January 6, 1981).

2/The Federal Structure for Examining Financial Institutions
  Can Be Improved (GGD-81-21, April 24, 1981).

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