Report to Congress: Examination of Financial Statements for ... the Year Ended December 31, 19721973 - 30 pages |
Common terms and phrases
accepted auditing standards accounting prescribed acquired from insured acquiring land Administrative expenses agencies allowance for losses amortized cost assessments assets acquired basis consistent Board's financial statements Board's Office calendar year 1972 changes in financial COMPARATIVE CONSOLIDATED STATEMENT Comptroller condition at December Congress consolidated obligations deposit accounts deposits ENDED DECEMBER 31 Examinations and Supervision Federal home loan financial condition financial position fiscal year 1973 fixtures FUNDS APPLIED Home Loan Bank Housing Opportunity Allowance insured institutions investments LIABILITIES AND CAPITAL loan associations Loan Bank Act Loan Bank Board loan institutions Loan Insurance Corporation loans to insured middle-income families Miscellaneous mortgage loans NOTES TO FINANCIAL Number Office of Examinations Opportunity Allowance Program present fairly Preston Martin PRIMARY RESERVE problem institutions RETAINED EARNINGS reviewed savings and loan SCOPE OF EXAMINATION secondary reserves standards of accounting STATEMENT OF CHANGES statement of financial STATEMENT OF INCOME tion at December Total assets Total liabilities U.S. TREASURY
Popular passages
Page 3 - Studv of the organization and administration of the Federal Home Loan Bank Board, the Federal home loan banks, and the Federal Savings and Loan Insurance Corporation, by contract with Booz, Allen A Hamilton.
Page 16 - December 31, 1971, and the results of its operations and changes in financial position for the year then ended, in conformity with generally accepted accounting principles applied on a basis consistent with that of the preceding period.
Page 15 - Our examination was made in accordance with generally accepted auditing standards and included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances.
Page 9 - Any building and loan association, savings and loan association, cooperative bank, homestead association, insurance company, or savings bank, shall be eligible to become a member of, or a nonmember borrower of, a Federal Home Loan Bank if such institution (1) is duly organized under the laws of any State or of the United States ; (2) is subject to inspection and regulation under the banking laws...
Page 4 - ... all qualified State-chartered savings and loan associations, and similar institutions upon their request and approval by the Federal Home Loan Bank Board. The Board carries out certain functions of the Corporation, such as processing applications for insurance and examining insured institutions.
Page 26 - Consolidated Federal home loan bank obligations issued by the Federal Home Loan Bank Board and now outstanding are the joint and several obligations of all Federal home loan banks.
Page 1 - ... records and such other auditing procedures as we considered necessary in the circumstances. In our opinion, the...
Page 16 - December 31, 1983 and 1982, and the results of their operations and changes in financial position for the years then ended, in conformity with generally accepted accounting principles consistently applied.
Page 4 - Corporation as receiver under appointment by the Federal Home Loan Bank Board. FEDERAL SAVINGS AND LOAN INSURANCE CORPORATION...
Page 3 - Directors of the Federal Home Loan Mortgage Corporation, which provides a secondary market for residential mortgages.