Use of Exchange Stabilization Fund Resources: Arrangement With Treasury Provides Access to Information

An agreement was reached between GAO and the Department of the Treasury that provided for GAO access to information concerning the Exchange Stabilization Fund (ESF) so that GAO can properly conduct audits and reviews of international monetary matters. This agreement excludes GAO access to information involving ESF transactions with foreign governments or ESF market transactions. An audit was conducted of ESF administrative expenses for fiscal year (FY) 1975 which included a review of related work of the audit committee and the Office of Audit.