**GAO-09-658**                      Published: Jun 17, 2009. Publicly Released: Jun 17, 2009.                  

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## Highlights

GAO's 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, GAO reviewed signed agreements and other relevant documentation and met with officials from OFS, contractors, and financial regulators.

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## Recommendations for Executive Action

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## Topics

Financial Markets and Institutions

AccountabilityBank holding companiesBanking lawBanking regulationFederal aid programsFederal regulationsFederal reserve banksFinancial disclosureFinancial institutionsFinancial managementFunds managementHolding companiesLending institutionsMortgage programsPublic assistance programsRehabilitation programsStrategic planningTreasury accountsUS Treasury securitiesProgram goals or objectivesTransparency