ABSTRACT

Priority Open Recommendations: Board of Governors of the Federal Reserve System (April 20, 2020)   [open pdf - 297KB]

From the Document: "The purpose of this letter is to provide an update on the overall status of the Board of Governors of the Federal Reserve System's (Federal Reserve) implementation of GAO's recommendations and to call your personal attention to areas where open recommendations should be given high priority. In November 2019, we reported that on a government-wide basis, 77 percent of our recommendations made 4 years ago were implemented. The Federal Reserve's implementation rate for these recommendations was 80 percent. As of April 2020, the Federal Reserve had 23 open recommendations. Fully implementing these open recommendations could significantly improve the Federal Reserve's efforts to more effectively oversee risks to consumers and the safety and soundness of the U.S. banking system."

Report Number:
GAO-20-499PR
Publisher:
Date:
2020-04-20
Series:
Copyright:
Public Domain
Retrieved From:
Government Accountability Office: https://www.gao.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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