B-198145, MAR 28, 1980
Highlights
OUR BID PROTEST JURISDICTION IS BASED ON OUR AUTHORITY TO ADJUST AND SETTLE ACCOUNTS AND TO CERTIFY BALANCES IN THE ACCOUNTS OF ACCOUNTABLE OFFICERS UNDER 31 U.S.C. THE PROTEST IS DISMISSED.
B-198145, MAR 28, 1980
DIGEST: GAO LACKS AUTHORITY TO RULE ON PROTEST AGAINST AWARD OF CONTRACT BY FEDERAL RESERVE BANK OF SAN FRANCISCO SINCE GAO ACCOUNT SETTLEMENT AUTHORITY DOES NOT EXTEND TO FEDERAL RESERVE SYSTEM BANKS.
GAMCO INDUSTRIES:
GAMCO INDUSTRIES PROTESTS THE AWARD OF A CONTRACT BY THE FEDERAL RESERVE BANK OF SAN FRANCISCO.
OUR BID PROTEST JURISDICTION IS BASED ON OUR AUTHORITY TO ADJUST AND SETTLE ACCOUNTS AND TO CERTIFY BALANCES IN THE ACCOUNTS OF ACCOUNTABLE OFFICERS UNDER 31 U.S.C. SECS. 71 AND 74 (1976). OUR ACCOUNT SETTLEMENT AUTHORITY, HOWEVER, DOES NOT EXTEND TO FEDERAL RESERVE SYSTEM BANKS. B-197063, JANUARY 14, 1980 AND JOHNSON CONTROLS, INC., B-186634, JANUARY 13, 1977, 77-1 CPD 26.
THE PROTEST IS DISMISSED.