Commodity Futures Trading:
Preliminary Information on the Viability of the Cattle Futures Markets
RCED-87-83: Published: Jan 16, 1987. Publicly Released: Jan 16, 1987.
Additional Materials:
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In response to a congressional request, GAO provided preliminary information on its study of the cattle futures markets.
GAO found that: (1) the cattle industry has suffered serious financial stress in recent years because of high interest rates, low cattle prices, and declining land values; (2) although the price of cattle today is twice what it was 20 to 30 years ago, the decline in the dollar's purchasing power has more than offset this price increase; (3) the Chicago Mercantile Exchange created the live cattle futures market in 1964, as a response to unstable prices and narrow profit margins; and (4) many within the cattle industry are uncertain of how to use the market or what its impact is on prices. GAO also found that: (1) the structure of the cattle industry has changed dramatically over the years; (2) 75 percent of the nation's beef cows live in herds of less than 200; (3) agricultural futures market mechanisms evolved primarily in response to unstable cash markets with wide price swings resulting from a glut of low-priced commodities at harvest time and high-priced commodities after harvest; and (4) there have been charges within the cattle industry that the cattle futures markets exert downward pressure on cattle prices.
Dec 16, 2020
Financial Stability:
Agencies Have Not Found Leveraged Lending to Significantly Threaten Stability but Remain Cautious Amid PandemicGAO-21-167: Published: Dec 16, 2020. Publicly Released: Dec 16, 2020.
Dec 10, 2020
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Federal Reserve Lending Programs:
Use of CARES Act-Supported Programs Has Been Limited and Flow of Credit Has Generally ImprovedGAO-21-180: Published: Dec 10, 2020. Publicly Released: Dec 10, 2020. -
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:
Opportunities Exist to Increase Law Enforcement Use of Bank Secrecy Act Reports, and Banks' Costs to Comply with the Act VariedGAO-20-574: Published: Sep 22, 2020. Publicly Released: Sep 22, 2020.
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:
Congress and Regulators Have Updated Resolution Planning RequirementsGAO-20-608R: Published: Jul 21, 2020. Publicly Released: Jul 21, 2020.
Jul 6, 2020
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Public Companies:
Disclosure of Environmental, Social, and Governance Factors and Options to Enhance ThemGAO-20-530: Published: Jul 2, 2020. Publicly Released: Jul 6, 2020.
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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