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Financial Markets and Institutions (21 - 22 of 22 items) in Past 6 Months
Payment Services: Federal Reserve's Competition with Other Providers Benefits Customers, but Additional Reviews Could Increase Assurance of Cost Accuracy
GAO-16-614: Published: Aug 30, 2016. Publicly Released: Sep 29, 2016.
The Federal Reserve Banks are authorized to provide payment services—such as check clearing and wire transfers—to ensure continuous and equitable access to all institutions. The Depository Institutions Deregulation and Monetary Control Act of 1980 (Monetary Control Act) requires the Federal Reserve to establish prices for its payment services on the basis of the costs incurred in providing the...
Troubled Asset Relief Program: Status of Prior GAO Recommendations
GAO-16-831: Published: Sep 6, 2016. Publicly Released: Sep 6, 2016.
As of August 2016, GAO's performance audits of the Troubled Asset Relief Program (TARP) activities have resulted in 74 recommendations to the Department of the Treasury (Treasury). Treasury has implemented 62 of the 74 recommendations, some of which were aimed at improving the transparency and internal controls of TARP. Five recommendations remain open, all pertaining to the Making Home Affordable...