creator United States. Department of the Treasury. Office of Financial Stability 6300 creator United States. Government Accountability Office 5927 GAO-09-161. government publication United States. Department of the Treasury. Office of Financial Stability 6300 Troubled Asset Relief Program (U.S.) 5915 Bank failures 4078 Bank loans 4084 Banks and banking 4093 Debt financing (Corporations) 4899 Economic assistance 6772 Economic policy 4150 Economic stabilization 6773 Financial crises and bank panics 4189 Management 5521 Bank supervision 4089 United States 4293 On October 3, 2008, the Emergency Economic Stabilization Act was signed into law. The act established the Office of Financial Stability (OFS) within the Department of the Treasury (Treasury) and authorized the Troubled Asset Relief Program (TARP). Every 60 days, the U.S. Comptroller General is required to report on a variety of areas associated with oversight of TARP. This report reviews (1) the activities that have been undertaken through TARP as of November 25, 2008; (2) the structure of OFS, its use of contractors, and its system of internal controls; and (3) preliminary indicators of TARP's performance. GAO reviewed documents related to TARP, including contracts, agreements, guidance, and rules. GAO also met with OFS, contractors, federal agencies, and officials from some participating institutions. GAO plans to continue to monitor these and other issues including future and ongoing capital purchases, other transactions undertaken as part of TARP (e.g., capital purchases in Citigroup and American International Group), and the status of other aspects of TARP. Treasury generally agreed with GAO's recommendations, but had a different perspective on the need to monitor how participating institutions are spending CPP funds. GAO believes that monitoring aggregate information across the participants would help ensure an appropriate level of transparency and accountability. eng Additional Actions Needed to Better Ensure Integrity, Accountability, and Transparency 276997000 Washington, D.C. monographic 2008-12-02 U.S. Govt. Accountability Office December 2, 2008 5040 2026-01-26 09:42:59 2015-12-22 16:36:53 oclc title HG181 .U556 2008eb GA 1.13:GAO-09-161 text

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72 pages born digital application/pdf https://fraser.stlouisfed.org/title/troubled-asset-relief-program-5040 https://fraser.stlouisfed.org/images/record-thumbnail.jpg https://iiif.slf.digirati.io/presentation/title/5040 https://fraser.stlouisfed.org/api/title/5040 https://fraser.stlouisfed.org/docs/historical/fct/gao_report_tarp_20081202.pdf https://fraser.stlouisfed.org/files/text/historical/fct/gao_report_tarp_20081202.txt For more information on rights relating to this item, please see: https://fraser.stlouisfed.org/title/troubled-asset-relief-program-5040