Troubled Asset Relief Program Status Of Programs And Implementation Of Gao Recommendations

Author : Orice Williams Brown
Publisher : DIANE Publishing
Page : 119 pages
File Size : 44,6 Mb
Release : 2011-04
Category : Reference
ISBN : 9781437944976

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Troubled Asset Relief Program: Status of Programs and Implementation of GAO Recommendations by Orice Williams Brown Pdf

Since the Troubled Asset Relief Program (TARP) was implemented, GAO has issued more than 40 reports containing more than 60 recommendations to the Treasury Dept. (Treasury). This report assesses the status of Treasury's implementation of these recommendations and current condition of TARP. Specifically, this report provides info. on; (1) the condition and status of active TARP programs; (2) Treasury's progress in implementing an effective management structure, including staffing for the Office of Financial Stability (OFS), overseeing contractors, and establishing a comprehensive system of internal control; and (3) trends in the status of key relevant economic indicators. Illus. A print on demand report.

Author : United States Government Accountability Office
Publisher : Createspace Independent Publishing Platform
Page : 28 pages
File Size : 46,9 Mb
Release : 2018-01-14
Category : Electronic
ISBN : 1983819883

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Troubled Asset Relief Program by United States Government Accountability Office Pdf

Troubled Asset Relief Program: Status of Programs and Implementation of GAO Recommendations

Author : U.s. Government Accountability Office
Publisher : Unknown
Page : 120 pages
File Size : 55,7 Mb
Release : 2017-08-17
Category : Electronic
ISBN : 1974642461

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Troubled Asset Relief Program by U.s. Government Accountability Office Pdf

"Since the Troubled Asset Relief Program (TARP) was implemented, GAO has issued more than 40 reports containing more than 60 recommendations to the Department of the Treasury (Treasury). This report assesses the status of Treasury's implementation of GAO's recommendations and current condition of TARP. Specifically, this 60-day report provides information on (1) the condition and status of active TARP programs; (2) Treasury's progress in implementing an effective management structure, including staffing for the Office of Financial Stability (OFS), overseeing contractors, and establishing a comprehensive system of internal control; and (3) trends in the status of key relevant economic indicators. GAO reviewed relevant documentation from various TARP programs and met with OFS officials and financial regulators. GAO also used information from existing reports and ongoing work."

Author : Anonim
Publisher : DIANE Publishing
Page : 27 pages
File Size : 50,6 Mb
Release : 2024-05-10
Category : Electronic
ISBN : 9781437983401

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Troubled Asset Relief Program: Status of Programs and Implementation of GAO Recommendations: Testimony Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate by Anonim Pdf

Author : United States Government Accountability Office
Publisher : Createspace Independent Publishing Platform
Page : 28 pages
File Size : 50,8 Mb
Release : 2017-09-23
Category : Electronic
ISBN : 197757467X

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Troubled Asset Relief Program by United States Government Accountability Office Pdf

The Emergency Economic Stabilization Act of 2008 (EESA) authorized the creation of TARP to address the most severe crisis that the financial system had faced in decades. Treasury has been the primary agency responsible for TARP programs. EESA provided GAO with broad oversight authorities for actions taken under TARP and included a provision that GAO report at least every 60 days on TARP activities and performance. This 60-day report describes the status of GAO's prior TARP performance audit recommendations to Treasury as of August 2016. In particular, this report discusses Treasury's implementation of GAO's recommendations focusing on two programs: CPP and MHA. GAO's methodologies included assessing relevant documentation from Treasury, interviewing Treasury officials, and reviewing prior TARP reports issued by GAO.

Author : United States Government Accountability Office
Publisher : Createspace Independent Publishing Platform
Page : 32 pages
File Size : 51,6 Mb
Release : 2017-10-05
Category : Electronic
ISBN : 1977958885

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Troubled Asset Relief Program by United States Government Accountability Office Pdf

The Emergency Economic Stabilization Act of 2008 (EESA) authorized the creation of TARP to address the most severe crisis that the financial system had faced in decades. Treasury has been the primary agency responsible for TARP programs. EESA provided GAO with broad oversight authorities for actions taken under TARP and included a provision that GAO report at least every 60 days on TARP activities and performance. This 60-day report describes the status of GAO's TARP performance audit recommendations to Treasury as of August 2015. In particular, this report discusses Treasury's implementation of GAO's recommendations, focusing on two programs: CPP and MHA. GAO's methodologies included assessing relevant documentation from Treasury, interviewing Treasury officials, and reviewing prior TARP reports issued by GAO.

Author : United States Government Accountability Office
Publisher : Createspace Independent Publishing Platform
Page : 24 pages
File Size : 43,9 Mb
Release : 2018-01-26
Category : Electronic
ISBN : 1983838136

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Troubled Asset Relief Program by United States Government Accountability Office Pdf

Troubled Asset Relief Program: Status of GAO Recommendations to Treasury

Author : A. Nicole Clowers
Publisher : Unknown
Page : 24 pages
File Size : 44,6 Mb
Release : 2013-04-14
Category : Business & Economics
ISBN : 1457844990

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Troubled Asset Relief Program (TARP) by A. Nicole Clowers Pdf

The Emergency Economic Stabilization Act of 2008 (EESA) authorized the creation of the Troubled Asset Relief Program (TARP) to address the most severe crisis that the financial system had faced in decades. EESA provided GAO with broad oversight authorities for actions taken under TARP and required that they report at least every 60 days on TARP activities and performance. While the Treasury Dept. has addressed most of GAO’s recommendations, some remain outstanding. This 60-day report describes the status of GAO’s Troubled Asset Relief Program (TARP) recommendations to Treasury as of Feb. 2013. It focuses particularly on two major TARP programs: the Capital Purchase Program (CPP), which supports certain U.S. financial institutions, and Making Home Affordable (MHA), which is a collection of housing programs designed to help homeowners avoid foreclosure. Figure. This is a print on demand report.

Author : United States. Government Accountability Office
Publisher : Unknown
Page : 128 pages
File Size : 42,9 Mb
Release : 2011
Category : Electronic
ISBN : OCLC:958745276

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Troubled Asset Relief Program by United States. Government Accountability Office Pdf

Author : United States Government Accountability Office
Publisher : Createspace Independent Publishing Platform
Page : 28 pages
File Size : 51,8 Mb
Release : 2017-12-24
Category : Electronic
ISBN : 1981999701

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Asset Relief Program by United States Government Accountability Office Pdf

ASSET RELIEF PROGRAM: Status of Prior GAO Recommendations

Author : United States Government Accountability Office
Publisher : Createspace Independent Publishing Platform
Page : 112 pages
File Size : 51,8 Mb
Release : 2017-09-07
Category : Electronic
ISBN : 1976187354

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Troubled Asset Relief Program by United States Government Accountability Office Pdf

GAO's eighth report assesses 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. GAO reviewed relevant documentation and met with officials from OFS, contractors, and financial regulators. While Treasury has been generally responsive to GAO's prior 35 recommendations, GAO reiterates the importance of fully implementing several previous recommendations. GAO also makes three new recommendations. Specifically, the Secretary should (1) coordinate with the Federal Reserve and FDIC to help ensure that the decision to extend or terminate TARP is considered in a broader market context, (2) document and communicate the results of its determination, and (

Author : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
Publisher : Unknown
Page : 684 pages
File Size : 45,9 Mb
Release : 2011
Category : Business & Economics
ISBN : MINN:31951D03549792C

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TARP Oversight by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs Pdf

Author : Gene L. Dodaro
Publisher : DIANE Publishing
Page : 117 pages
File Size : 50,8 Mb
Release : 2010-03
Category : Business & Economics
ISBN : 9781437918168

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Troubled Asset Relief Program by Gene L. Dodaro Pdf

The fifth report on the Troubled Asset Relief Program (TARP) follows up on prior recommendations. It also reviews: (1) activities that had been initiated or completed under TARP as of June 12, 2009; (2) the Department of the Treasury's Office of Financial Stability's (OFS) hiring efforts and use of contractors; and (3) TARP performance indicators. To do this, the author reviewed signed agreements and other relevant documentation and met with officials from OFS, contractors, and financial regulators. Includes recommendations. Charts and tables.

Author : Mathew J. Scire
Publisher : Unknown
Page : 60 pages
File Size : 41,8 Mb
Release : 2014-11-09
Category : Electronic
ISBN : 1457858045

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Troubled Asset Relief Program (TARP) by Mathew J. Scire Pdf

The U.S. Dept. of the Treasury (Treasury) continues to use funds under the $700 billion Troubled Asset Relief Program (TARP) authorized by the Emergency Economic Stabilization Act of 2008 (EESA) to address weaknesses in the U.S. housing market that continue to hamper the economic recovery. Treasury announced in 2009 that up to $50 billion would be used to help as many as 3-4 million struggling homeowners avoid potential foreclosure, but subsequently reduced the amount to $38.5 billion. The cornerstone program under Treasury's Making Home Affordable (MHA) efforts is the Home Affordable Modification Program (HAMP), which provides financial incentives for borrowers, servicers, and mortgage holders/investors to modify first-lien mortgages. This examines (1) the status of TARP-funded housing programs; (2) Treasury's efforts to monitor and evaluate HAMP denial and redefault rates among servicers; and (3) the status of the implementation of GAO's prior recommendations related to TARP-funded housing programs. Tables and figures. This is a print on demand report.

Author : Orice Williams Brown
Publisher : DIANE Publishing
Page : 266 pages
File Size : 55,8 Mb
Release : 2011-10
Category : Business & Economics
ISBN : 9781437989205

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Federal Reserve System: Opportunities Exist to Strengthen Policies and Processes for Managing Emergency Assistance by Orice Williams Brown Pdf

The Dodd-Frank Wall Street Reform and Consumer Protection Act directed the author to conduct a one-time audit of the emergency loan programs and other assistance authorized by the Federal Reserve Board (FRB) during the recent financial crisis. This report examines the emergency actions taken by the FRB from Dec. 1, 2007, through July 21, 2010. For each of these actions, the objectives included a review of: (1) the basis and purpose for its authorizaiton, as well as accounting and financial reporting internal contrls; (2) the use, selection, and payment of vendors; (3) management of conflicts of interest; (4) policies in place to secure loan repayment; and (5) the treatment of program participants. Charts and tables. This is a print on demand report.