Treasury Securities Auction
AIMD-94-165R: Published: Aug 25, 1994. Publicly Released: Aug 25, 1994.
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Pursuant to a congressional request, GAO provided information on the Department of the Treasury's securities auctions, focusing on: (1) Treasury's efforts to reduce the average time between the close of auctions and announcement of results; (2) whether Treasury would receive higher securities prices by reducing the processing time; and (3) auction participants' views on the effects that reduced auction processing time would have on their hedging strategies and the secondary Treasury securities market. GAO noted that: (1) Treasury has reduced the average auction processing time to 45 minutes through the use of its Automated Auction Processing System; (2) to ensure that auction results remain accurate, Treasury is cautiously proceeding with further reductions; (3) enforcing auction rules and detecting and correcting errors takes a large portion of the processing time; (4) there is no evidence that reduced processing time would increase Treasury's securities prices; and (5) auction participants believe that reducing auction processing time would have negligible effects on their hedging strategies and the secondary market.
Dec 16, 2020
Financial Stability:
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Dec 10, 2020
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Federal Reserve Lending Programs:
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Financial Assistance:
Lessons Learned from CARES Act Loan Program for Aviation and Other Eligible BusinessesGAO-21-198: Published: Dec 10, 2020. Publicly Released: Dec 10, 2020.
Sep 22, 2020
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Anti-Money Laundering:
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Sep 4, 2020
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Bank Supervision:
FDIC Could Better Address Regulatory Capture RisksGAO-20-519: Published: Sep 4, 2020. Publicly Released: Sep 4, 2020.
Jul 21, 2020
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Financial Company Bankruptcies:
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Jul 6, 2020
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Public Companies:
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Apr 30, 2020
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Priority Open Recommendations:
Department of the TreasuryGAO-20-549PR: Published: Apr 23, 2020. Publicly Released: Apr 30, 2020.
Apr 27, 2020
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Priority Open Recommendations:
Board of Governors of the Federal Reserve SystemGAO-20-499PR: Published: Apr 20, 2020. Publicly Released: Apr 27, 2020. -
Priority Open Recommendations:
Federal Deposit Insurance CorporationGAO-20-498PR: Published: Apr 20, 2020. Publicly Released: Apr 27, 2020.
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