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Priority Open Recommendations: Board of Governors of the Federal Reserve System

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Report Type Reports and Testimonies
Report Date April 20, 2020
Release Date April 27, 2020
Report No. GAO-20-499PR
Summary:

We make more than 1,000 recommendations annually to help improve the federal government. We alert department heads to the recommendations that can save the most money, address issues on our High Risk List, or significantly improve government operations.

This report outlines our 8 priority open recommendations for the Federal Reserve as of April 2020—e.g., we recommended improving the assessment of whether the largest U.S. banks can withstand financial turmoil.

The Federal Reserve has closed 3 priority recommendations since April 2019.

To help with pandemic response, we also highlighted 3 recommendations from 2011 about emergency lending programs.

Federal Reserve System Priority Recommendations Graphic

Federal Reserve System Priority Recommendations Graphic

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