**GAO-09-1048T**                      Published: Sep 24, 2009. Publicly Released: Sep 24, 2009.                  

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## Highlights

This testimony discusses our work on the Troubled Asset Relief Program (TARP), under which the Department of the Treasury (Treasury), through the Office of Financial Stability (OFS), has the authority to purchase or insure almost $700 billion in troubled assets held by financial institutions. It focuses on (1) the nature and purpose of activities that have been initiated under TARP over the past year and ongoing challenges; (2) Treasury's efforts to establish a management infrastructure for TARP; and (3) outcomes measured by indicators of TARP's performance.

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## Topics

Financial Markets and Institutions

AccountabilityEconomic stabilizationFederal aid programsFederal fundsFederal legislationFederal reserve banksFinancial institutionsFinancial managementForeclosuresFunds managementInternal controlsLending institutionsMortgage interest ratesStrategic planningUS Treasury securitiesTransparency

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## Video

TARP Testimony on Status of Efforts to Address Transparency and Accountability Issues and Accountability IssuesThursday, September 24, 2009Receive GAO Updates
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