The General Accounting Office released a mostly positive audit of the bank and thrift insurance funds' 1997 financial statements.

The GAO said the Federal Deposit Insurance Corp.'s statements for the Bank Insurance Fund and the Savings Association Insurance Fund were "reliable," the agency's internal controls were largely effective, and no violations of law or regulation were found.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.