The General Accounting Office looked over the Federal Deposit Insurance Corp.'s books and gave the agency fairly good marks.

However, in its review of the FDIC's 1995 and 1994 financial statements, GAO found some weaknesses in the way the agency estimates the value of assets in failed institutions. The agency also isn't strictly enforcing its procedures for reporting employee hours and attendance, the GAO said.

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.