The Coronavirus Aid, Relief, and Economic Security (CARES) Act requires the Office of Management and Budget, in consultation with Department of the Treasury, the Council of Economic Advisers, and the Small Business Administration, to issue quarterly reports to Congress and the public on the economic impact of certain coronavirus funds. This is the fourth quarterly report issued.

Federal Reserve Board & CFPB OIG

Results of Analytical Testing of the Board’s Publicly Reported Data for the Main Street Lending Program

Full Details: Oversight.gov Report Page

Date Range

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Submitting Agency

State/Local Agency

State (State and Local Reports)

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Agency Reviewed

Related Organizations

Management Challenges

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Reports

FRB Boston Followed Its Processes for Monitoring the Credit Quality of Main Street Lending Program Loans

The Board and FRB Boston Generally Followed Their Process for Purchasing MSLP Loan Participations but Can Formally Document Some Key Processes

Following Established Processes Helped FRB New York and the Board Reduce Risks Associated With Lending Facility Contracts

Observations on Cybersecurity Risk Management Processes for Vendors Supporting the Main Street Lending Program and the Secondary Market Corporate Credit Facility

The CFPB Implemented Safety Measures in Accordance With Its Reentry Plan

The Board Implemented Safety Measures in a Manner Consistent With Its Return-to-Office Plan

The Board Has Effective Processes to Collect, Aggregate, Validate, and Report CARES Act Lending Program Data

Results of Analytical Testing of the Board's Publicly Reported Data for the Secondary Market Corporate Credit Facility

Office of Management and Budget Report - Fourth Quarterly Report

Results of Analytical Testing of the Board’s Publicly Reported Data for the Main Street Lending Program

Glossary

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