Since the beginning of the COVID-19 pandemic, the federal government has appropriated over $3.5 trillion to address the public health and economic crises. Given the changing nature of the pandemic and the federal government’s response, we re-visited our original top management challenges to ensure that the PRAC is providing timely information to Congress and the new Administration about the response efforts. The following four challenges have been added: Preventing and Detecting Fraud against Government Programs; Informing and Protecting the Public from Pandemic-Related Fraud; Data...

Full Details: Oversight.gov Report Page

Date Range

Report Type

Report Category

Submitting Agency

Agency Reviewed

Any Recommendations

Reports

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

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

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

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

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

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

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

Update: Top Challenges in Pandemic Relief and Response

Glossary

Glossary name will go here