**GAO-11-74**                      Published: Jan 12, 2011. Publicly Released: Jan 12, 2011.                  

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## Highlights

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.

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AssetsCapitalFederal aid programsFederal regulationsFinancial institutionsFinancial managementFinancial regulationInternal controlsLending institutionsProgram evaluationPublic assistance programsUS Treasury securitiesFinancial reportingProgram implementation