**GAO-09-296**                      Published: Jan 30, 2009. Publicly Released: Jan 30, 2009.                  

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## Highlights

This is the second GAO report on the Troubled Asset Relief Program (TARP). It follows up on the nine recommendations from the December 2, 2008, report (GAO-09-161). 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, GAO reviewed signed agreements and other relevant documentation and met with officials from OFS, contractors, federal agencies, and some participating institutions.

## Recommendations

## Recommendations for Executive Action

See All 9 Recommendations

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Highlights

Full Report (112 pages)

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## Topics

Financial Markets and Institutions

AccountabilityBank failuresBank managementBanking regulationConflict of interestsContract oversightContractor personnelEconomic analysisEconomic growthEconomic policiesEconomic stabilizationEmployee incentivesEmployee trainingFederal fundsFederal procurementFederal regulationsFinancial analysisFinancial institutionsFinancial managementFinancial regulationFunds managementHiring policiesHuman capital managementHuman capital planningInternal controlsLending institutionsNoncomplianceOrganizational changePerformance appraisalPerformance measuresPersonnel managementPersonnel recruitingProgram managementReporting requirementsRisk assessmentSkilled laborStandardsStrategic planningTraining utilizationPolicies and proceduresProgram goals or objectivesProgram implementationTransparency