Actions Taken by Bank Regulatory Agencies To Improve Their Financial Disclosure Systems

FPCD-78-54: Published: Jul 14, 1978. Publicly Released: Jul 14, 1978.

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The Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation (FDIC), and the Board of Governors of the Federal Reserve System have taken significant action to implement GAO recommendations for improvement of their financial disclosure systems. Investigation of the FDIC regulations concerning outside employment practices by agency attorneys showed that although it has counseled its attorneys to refrain from practicing law on their own time, it has no regulations dealing specifically with this matter.

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