2 options
Federal Reserve System : opportunities exist to strengthen policies and processes for managing emergency assistance : report to congressional addressees.
Connect to full text Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- United States. Government Accountability Office
- Language:
- English
- Subjects (All):
- Board of Governors of the Federal Reserve System (U.S.)--Rules and practice.
- Board of Governors of the Federal Reserve System (U.S.).
- Monetary policy--United States.
- Monetary policy.
- Economic assistance, Domestic--United States.
- Economic assistance, Domestic.
- United States.
- Genre:
- Rules and practice.
- Rules
- Physical Description:
- 1 online resource (ix, 252 pages) : illustrations
- Other Title:
- Opportunities exist to strengthen policies and processes for managing emergency assistance
- Place of Publication:
- [Washington, D.C.] : U.S. Govt. Accountability Office, [2011]
- Summary:
- "The Dodd-Frank Wall Street Reform and Consumer Protection Act directed GAO to conduct a one-time audit of the emergency loan programs and other assistance authorized by the Board of Governors of the Federal Reserve System (Federal Reserve Board) during the recent financial crisis. This report examines the emergency actions taken by the Federal Reserve Board from December 1, 2007, through July 21, 2010. For each of these actions, where relevant, GAO's objectives included a review of (1) the basis and purpose for its authorization, as well as accounting and financial reporting internal controls; (2) the use, selection, and payment of vendors; (3) management of conflicts of interest; (4) policies in place to secure loan repayment; and (5) the treatment of program participants. To meet these objectives, GAO reviewed program documentation, analyzed program data, and interviewed officials from the Federal Reserve Board and Reserve Banks (Federal Reserve System) ... GAO makes seven recommendations to the Federal Reserve Board to strengthen policies for managing noncompetitive vendor selections, conflicts of interest, risks related to emergency lending, and documentation of emergency program decisions. The Federal Reserve Board agreed that GAO's recommendations would benefit its response to future crises and agreed to strongly consider how best to respond to them"--Highlights.
- Notes:
- Title from PDF title screen (viewed Aug. 22, 2011).
- "July 2011."
- Includes bibliographical references.
- "GAO-11-696."
- OCLC:
- 748541446
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.