Presents the opinion of the GAO on the financial statements of the Bank Insurance Fund, the Savings Assoc. Insurance Fund, and the FSLIC Resolution Fund (FRF) for the years ended Dec. 31, 2000 and 1999. These financial statements are the responsibility of the Federal Deposit Insurance Corp. (FDIC), the administrator of the 3 funds. This report also presents (1) GAO's opinion on the effectiveness of FDIC's internal control as of Dec. 31, 2000, and (2) GAO's evaluation of FDIC's compliance with laws and regulations during 2000. In addition, it discusses a reportable weakness in information system general controls detected during GAO 2000 audits, and the future activities of FRF.
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