Accountability For The Troubled Asset Relief Program

Author : Gene L. Dodaro
Publisher : DIANE Publishing
Page : 16 pages
File Size : 54,5 Mb
Release : 2010
Category : Business & Economics
ISBN : 9781437914702

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Troubled Asset Relief Program: Status of Efforts to Address Transparency and Accountability Issues by Gene L. Dodaro Pdf

Discusses the Troubled Asset Relief Program (TARP), under which the Dept. of the Treasury has the authority to purchase and insure up to $700 billion in troubled assets held by financial institutions through its Office of Financial Stability. Treasury was granted this authority in response to the financial crisis that has threatened the stability of the U.S. banking system and the solvency of numerous financial institutions. This testimony is based primarily on a March 31, 2009 report -- the third under the act's mandate, which covers the actions taken as part of TARP through March 27, 2009, and follows up on the recommendations made in previous reports. Charts and tables.

Author : Gene L. Dodaro
Publisher : DIANE Publishing
Page : 112 pages
File Size : 50,9 Mb
Release : 2010
Category : Business & Economics
ISBN : 9781437924046

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Troubled Asset Relief Program by Gene L. Dodaro Pdf

This is the eighth report assessing the Troubled Asset Relief Program's (TARP) impact over the last year. Specifically, it addresses: (1) the evolution of TARP's strategy and the status of TARP programs as of September 25, 2009; (2) the Department of the Treasury's (Treasury) progress in creating an effective management structure, including hiring for the Office of Financial Stability (OFS), overseeing contractors, and establishing a comprehensive system of internal control; and (3) indicators of TARP's performance that could help Treasury decide whether to extend the program. The author reviewed relevant documentation and met with officials from OFS, contractors, and financial regulators. Charts and tables.

Author : United States. Congressional Oversight Panel
Publisher : Unknown
Page : 72 pages
File Size : 42,9 Mb
Release : 2009
Category : Business & Economics
ISBN : PURD:32754081187217

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Accountability for the Troubled Asset Relief Program by United States. Congressional Oversight Panel Pdf

Author : Gene L. Dodaro
Publisher : DIANE Publishing
Page : 112 pages
File Size : 55,6 Mb
Release : 2009-11
Category : Business & Economics
ISBN : 9781437913002

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Troubled Asset Relief Program by Gene L. Dodaro Pdf

This is the second report on the Troubled Asset Relief Program (TARP). It follows up on the nine recommendations from a December 2, 2008, report. It also reviews: (1) the nature and purpose of activities that had been initiated under TARP as of January 23, 2009; (2) Treasury's Office of Financial Stability (OFS) hiring and transition efforts, use of contractors, and progress in developing a system of internal control; and (3) preliminary indicators of TARP's performance. To do this work, the auditor reviewed signed agreements and other relevant documentation and met with officials from OFS, contractors, federal agencies, and some participating institutions. Charts and tables.

Author : United States Government Accountability Office
Publisher : Createspace Independent Publishing Platform
Page : 30 pages
File Size : 42,8 Mb
Release : 2018-05-17
Category : Electronic
ISBN : 1719218668

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Troubled Asset Relief Program by United States Government Accountability Office Pdf

Troubled Asset Relief Program: Status of Efforts to Address Transparency and Accountability Issues

Author : Richard J. Hillman
Publisher : DIANE Publishing
Page : 16 pages
File Size : 45,5 Mb
Release : 2010-02
Category : Business & Economics
ISBN : 9781437917048

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Troubled Asset Relief Program: Status of Efforts to Address Transparency and Accountability Issues by Richard J. Hillman Pdf

Discusses the Troubled Asset Relief Program (TARP), under which the Dept. of the Treasury has the authority to purchase and insure up to $700 billion in troubled assets held by financial institutions. The Act that authorized TARP on Oct. 3, 2008, requires a report at least every 60 days on findings resulting from oversight of the actions taken under TARP. This testimony is based primarily on a Jan. 30, 2009 report, the second under the act's mandate, which covers the actions taken as part of TARP through Jan. 23, 2009, and follows up on the 9 recommendations made in a Dec. 2, 2008 report. This testimony also provides additional information on some recent developments related to TARP, including Treasury's new financial stability plan. Tables.

Author : Thomas J. McCool
Publisher : DIANE Publishing
Page : 16 pages
File Size : 47,9 Mb
Release : 2011
Category : Business & Economics
ISBN : 9781437919660

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Troubled Asset Relief Program: Status of Efforts to Address Transparency and Accountability Issues by Thomas J. McCool Pdf

This is a print on demand edition of a hard to find publication. The Emergency Economic Stabilization Act that authorized TARP on Oct. 3, 2008, requires a report at least every 60 days on findings resulting from oversight of the status of actions taken under the program. This statement is based on the 5th mandated report, issued on June 17, 2009, which follows up on the previous recommendations and covers the actions taken as part of TARP through June 12, 2009. Specifically, this statement focuses on: (1) the nature and purpose of activities that have been initiated under TARP, including repurchases of preferred shares and warrants; (2) Treasury¿s efforts to establish a management structure for TARP; and (3) outcomes measured by indicators of TARP¿s performance. Charts and tables.

Author : Gene L. Dodaro
Publisher : DIANE Publishing
Page : 100 pages
File Size : 54,7 Mb
Release : 2009-12
Category : Business & Economics
ISBN : 9781437914726

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Troubled Asset Relief Program by Gene L. Dodaro Pdf

The third report on the Troubled Asset Relief Program (TARP) follows up on recommendations from the Jan. 28, 2009, report. It also reviews: (1) the nature and purpose of activities that had been initiated under TARP as of March 27, 2009; (2) the Office of Financial Stability's hiring efforts, use of contractors, and progress in developing an internal control system; and (3) TARP performance indicators. As of March 27, 2009, Treasury had disbursed $303.4 billion of the $700 billion in TARP funds. Most of the funds (almost $199 billion) went to purchase preferred shares of 532 financial institutions under the Capital Purchase Program (CPP), Treasury's primary vehicle under TARP for stabilizing financial markets. Includes recommend. Charts.

Author : Gene L. Dodaro
Publisher : DIANE Publishing
Page : 72 pages
File Size : 47,9 Mb
Release : 2009-03
Category : Business & Economics
ISBN : 9781437911244

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Troubled Asset Relief Program by Gene L. Dodaro Pdf

On Oct. 3, 2008, the Emergency Economic Stabilization Act was signed into law. The act established the Office of Financial Stability (OFS) and authorized the Troubled Asset Relief Program (TARP). This report reviews: (1) the activities that have been undertaken through TARP as of Nov. 25, 2008; (2) the structure of OFS, its use of contractors, and its system of internal controls; and (3) preliminary indicators of TARP¿s performance. Plans are to continue to monitor these and other issues including future and ongoing capital purchases, other transactions undertaken as part of TARP (e.g., capital purchases in Citigroup and AIG), and the status of other aspects of TARP. Includes recommendations. Tables and graphs.

Author : United States Government Accountability Office
Publisher : Createspace Independent Publishing Platform
Page : 112 pages
File Size : 40,7 Mb
Release : 2018-01-25
Category : Electronic
ISBN : 1984170236

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Troubled Asset Relief Program by United States Government Accountability Office Pdf

Troubled Asset Relief Program: One Year Later, Actions Are Needed to Address Remaining Transparency and Accountability Challenges

Author : United States. Congressional Oversight Panel
Publisher : Unknown
Page : 47 pages
File Size : 55,6 Mb
Release : 2009
Category : Bank failures
ISBN : OCLC:300319011

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Accountability for the Troubled Asset Relief Program by United States. Congressional Oversight Panel Pdf

Author : Paul W. O'Byrne
Publisher : Unknown
Page : 0 pages
File Size : 44,6 Mb
Release : 2009
Category : Bank failures
ISBN : 160741807X

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TARP in the Crosshairs by Paul W. O'Byrne Pdf

This book focuses on TARP, the Troubled Asset Relief Program that was signed into law under the Emergency Economic Stabilization Act on October 3, 2008. The act established the Office of Financial Stability (OFS) within the Department of the Treasury and authorised the Troubled Asset Relief Program (TARP). Among other things, the act provides Treasury with broad, flexible authorities to buy or guarantee up to $700 billion in "troubled assets," which include mortgages and mortgage-related instruments, and any other financial instrument whose purchase Treasury determines is needed to stabilise the financial markets. The act also created a number of mechanisms to oversee the implementation and operations of TARP. The U.S. Comptroller General is required to report at least every 60 days on findings resulting from oversight of TARP's performance in meeting the purposes of the act; the financial condition and internal controls of TARP, its representatives, and agents; TARP's efficiency in using the funds appropriated for the programs' operation; TARP's compliance with applicable laws and regulations and minimising conflicts of interest of those involved in TARP's operations and the efficacy of contracting procedures. This book consists of public domain documents which have been located, gathered, combined, reformatted, and enhanced with a subject index, selectively edited and bound to provide easy access.

Author : United States Accounting Office (GAO)
Publisher : Createspace Independent Publishing Platform
Page : 30 pages
File Size : 50,5 Mb
Release : 2018-05-21
Category : Electronic
ISBN : 1719435375

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Troubled Asset Relief Program by United States Accounting Office (GAO) Pdf

Troubled Asset Relief Program: Status of Efforts to Address Transparency and Accountability Issues

Author : Gene L. Dodaro
Publisher : DIANE Publishing
Page : 15 pages
File Size : 50,5 Mb
Release : 2010-02
Category : Electronic
ISBN : 9781437913972

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Troubled Asset Relief Program: Status of Efforts to Address Transparency and Accountability Issues by Gene L. Dodaro Pdf

Discusses work on the Troubled Asset Relief Program (TARP), under which the Dept. of the Treasury has the authority to purchase and insure up to $700 billion in troubled assets held by financial institutions through the Office of Financial Stability. Treasury was granted this authority in response to the financial crisis that has threatened the stability of the U.S. banking system and the solvency of numerous financial institutions. The Act that authorized TARP requires a report at least every 60 days on findings resulting from their oversight of the status of actions taken under the program. The act also created additional oversight entities -- the Congressional Oversight Panel and the Special Insp. Gen. for TARP -- that also have reporting respon.

Author : United States Government Accountability Office
Publisher : Createspace Independent Publishing Platform
Page : 118 pages
File Size : 40,8 Mb
Release : 2018-01-25
Category : Electronic
ISBN : 198417102X

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Troubled Asset Relief Program by United States Government Accountability Office Pdf

Troubled Asset Relief Program: June 2009 Status of Efforts to Address Transparency and Accountability Issues