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FPCD-78-54 1 (1978-07-14)

handle is hein.gao/gaobaaxqs0001 and id is 1 raw text is: 

DCCUMENT FiSUME


06573 - [ B1987006 1

fActions Taken by Bank Regulatory Agercies To Improve Their
Financial Disclosure Systems]. FPCD-78-54; 8-118535. July 14,
19718. Released July 17, 1978. 5 pp.

Report to Rr. Benjamin S. Rosenthal, Chairnan, House Ccmiittee
on Government Operations: CcmercO, Ccnsuser and Houetary
Aftairs Subcommittee; by Elmer B. Staats, Comptroller General.

Issue Area: Federal Personnel Management ard Ccapensatict:
    financial Disclosure and Resolving Ccrflicts of Interest
    J316) ; Personnel Management and Compensation (300);Personnel
    Manaqement and Compensation: Compensaticn (305).
Contact: Federal Personnel and Ccmpsnsation Div.
Budqet Function: General Government: Cent:al Perscnnel
    management (803).
Orqanization Concernod- Federal Deposit Iasurance Corp.; Federal
    ieeserve system: Board of Governors.
Conqressional Relevince: [louse Committee cn Government
    Operations. Commerce, Consumer and Monetary Affairs
    Sutcommittee; House committee cn Banking, Finance and Urban
    Aftair.s: Senate Committee on Banking, Housing and Urtan
    Affairs. Rep. benjamin S. Rosenthal.

         The (J1fice of tik, Comptroller of tb Currelcy, the
Federal Drpo.-*t insurance Corporaticn (FDIC), and the Board of
Governiors of the Federal Reserve System have taken significant
action to implement GAC r.ccmendaticnS for improvement cf their
finan.cidl disclosure systems. Investigation of the FELIC's
Lequlations concerninq outside employment practices Ly agency
attornys showed that althcuqh it has counseled its attorneys to
retrain from practicir.q law on their own time, it kas nc
requlations dealinq specifically with this matter. (SC)