Event

GAO reports on the Federal Reserve, 2011

In July and October 2011 the GAO reported on the Fed's emergency lending and on Reserve Bank governance.

3 links, 3 backed by primary records

Connections 3

Federal Reserve its emergency lending was audited; the Fed says the audit found no conflicts of interest or material weaknesses According to Federal Reserve Primary record 1
U.S. Congress received a GAO report on Reserve Bank governance on 19 October 2011 According to Federal Reserve Primary record 1
Federal Reserve the titles of the two reports Primary record 2

Timeline 1 date

Proof 2 sources

Is the Fed’s emergency lending audited by the Congress? Is information about the Fed’s emergency lending provided to the public?, Board of Governors of the Federal Reserve System. Primary record
The GAO issued a report on July 21, 2011. The audit found no conflicts of interest or material weaknesses in internal controls in the emergency facilities.
The GAO also conducted an audit of Reserve Bank governance and provided a report (including recommendations) to the Congress on October 19, 2011.
Reports by the U.S. Government Accountability Office on the Federal Reserve, Board of Governors of the Federal Reserve System (list of GAO reports). Primary record
Federal Reserve Board: Opportunities Exist to Strengthen Policies and Processes for Managing Emergency Assistance (GAO-11-696)
Federal Reserve Bank Governance: Opportunities Exist to Broaden Director Recruitment Efforts and Increase Transparency (GAO-12-18)
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