U.S. GAO - GAO (GAO-10-24sp)

GAO (GAO-10-24sp)

E-supplement to GAO-10-16 | Table of Contents | Background
Financial Agency Agreements

Date
of Initial
Action
Entity Action Purpose Potential
Agreement
Value
Period of
Performance
Pricing
Structure
Subject to
TARP Conflict
of Interest
Regulation
(31 C.F.R. Part 31)
10/14/08 Bank of New York Mellon Financial Agency Agreement FAA - BONYM Custodian and Cash Management $35,175,000 10/14/2008 - 10/14/2011 Flat fee and fixed percentage of asset values Yes
02/18/09 The Federal National Mortgage Association (Fannie Mae) Financial Agency Agreement FAA 2 - FNMA Homeownership Preservation Program $196,600,000 2/18/2009 - 2/17/2014 Costs reimbursement/ negotiated not to exceed budget Yes
02/18/09 The Federal Home Loan Mortgage Corporation (Freddie Mac) Financial Agency Agreement FAA 3 - FHLMC Homeownership Preservation Program $176,427,304 2/18/2009 - 2/17/2014 Costs reimbursement/ negotiated not to exceed budget Yes
03/16/09 EARNEST Partners (Minority-Owned) Financial Agency Agreement FAA 4 - EARNEST Small Business Assistance Program $5,000,000 3/16/2009 - 3/15/2011 Fixed Price plus Fixed Fee per Transaction Yes
04/21/09 AllianceBernstein, L.P. Financial Agency Agreement FAA 5 - AB Asset Management Services $28,307,500 4/21/2009 - 4/20/2014 Fixed Price plus Fixed Fee per Transaction Yes
04/21/09 FSI Group, LLC Financial Agency Agreement FAA 6 - FSI Asset Management Services $16,477,500 4/21/2009 - 4/20/2014 Fixed Price plus Fixed Fee per Transaction Yes
04/21/09 Piedmont Investment Advisors, LLC (Minority-Owned) Financial Agency Agreement FAA 7 - PIEDMONT Asset Management Services $7,176,667 4/21/2009 - 4/20/2014 Fixed Price plus Fixed Fee per Transaction Yes