Summary

Pursuant to a congressional request, GAO supplemented information that it had provided in a previous report on brokered deposits at financial institutions insured by the Federal Deposit Insurance Corporation (FDIC).

GAO noted that: (1) FDIC agreed to provide data on bank ratings for FDIC-insured institutions that it had previously refused to provide; (2) the data provided here could not be compared with data from the previous report because the FDIC ratings for some banks were different from those previously reported; and (3) the data were based on financial institutions' monthly brokered deposit reports for 2 months in 1985.