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Financial Institutions: Causes and Consequences of Recent Community Bank Failures (open access)

Financial Institutions: Causes and Consequences of Recent Community Bank Failures

Testimony issued by the Government Accountability Office with an abstract that begins "Ten states concentrated in the western, midwestern, and southeastern United States--areas where the housing market had experienced strong growth in the prior decade--each experienced 10 or more commercial bank or thrift (bank) failures between 2008 and 2011. The failures of small banks (those with less than $1 billion in assets) in these states were largely driven by credit losses on commercial real estate (CRE) loans, particularly loans secured by real estate to finance land development and construction. Many of the failed banks had often pursued aggressive growth strategies using nontraditional, riskier funding sources and exhibited weak underwriting and credit administration practices. The Department of the Treasury and the Financial Stability Forum's Working Group on Loss Provisioning observed that earlier recognition of credit losses could have potentially lessened the impact of the crisis. The accounting model used for estimating credit losses is based on historical loss rates, which were low in the prefinancial crisis years. In part due to these accounting rules, loan loss allowances were not adequate to absorb the wave of credit losses that occurred once the financial crisis began. Banks had to recognize these losses through …
Date: June 13, 2013
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
NOAA: Overview of the Strategy, Execution, and Evaluation Budgeting Process (open access)

NOAA: Overview of the Strategy, Execution, and Evaluation Budgeting Process

Correspondence issued by the Government Accountability Office with an abstract that begins "In 2011, the National Oceanic and Atmospheric Administration (NOAA) implemented a new budget development and execution process called Strategy Execution and Evaluation (SEE). This process includes seven steps, generally referred to by the names of the documents that capture the decisions made at that step. The first four steps in a SEE cycle cover planning, budget formulation, and budget submission, and the last three steps cover budget execution and performance evaluation. The seven steps are as follows:"
Date: June 28, 2013
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Rail Safety: Preliminary Observations on Federal Rail Safety Oversight and Positive Train Control Implementation (open access)

Rail Safety: Preliminary Observations on Federal Rail Safety Oversight and Positive Train Control Implementation

Testimony issued by the Government Accountability Office with an abstract that begins "The Federal Railroad Administration (FRA) primarily monitors railroads' compliance with federal safety regulations through routine inspections by individual inspectors at specific sites on railroads' systems. Thirty states also employ railroad safety inspectors, who participate in a partnership program with FRA to conduct supplemental safety oversight activities based on FRA rail safety regulations and enforce state railroad safety laws. FRA applies a quantitative, risk-based approach, the National Inspection Plan, to inform its rail safety oversight efforts using analyses of past accident and inspection data and other information to target inspections in each region. FRA also uses a planning and evaluation tool, the Staffing Allocation Model (SAM), to distribute its inspection resources across each FRA region. However, according to several FRA regional administrators that GAO spoke with, the staffing decisions based on SAM results do not necessarily align with their perspectives on the inspector needs for their regions."
Date: June 19, 2013
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Moving to Work Demonstration: Improved Information and Monitoring Could Enhance Program Assessment (open access)

Moving to Work Demonstration: Improved Information and Monitoring Could Enhance Program Assessment

Testimony issued by the Government Accountability Office with an abstract that begins "Opportunities existed to improve how the Department of Housing and Urban Development (HUD) evaluated the Moving to Work (MTW) program, which is intended to give participating public housing agencies (PHA) flexibility to design and test innovative strategies for providing housing assistance. GAO reported in April 2012 that HUD had not (1) developed guidance specifying that performance information collected from MTW agencies be outcome-oriented, (2) identified the performance data needed to assess results, or (3) established performance indicators for the program. The shortage of such standard performance data and indicators had hindered comprehensive evaluation efforts; such evaluations are key to determining the success of any demonstration program. In addition, HUD had not developed a systematic process for identifying lessons learned from the program, which limited HUD's ability to promote useful practices for broader implementation. Since the GAO report, HUD has revised reporting requirements for MTW agencies. These requirements were approved by the Office of Management and Budget in May 2013. GAO is reviewing this new guidance."
Date: June 26, 2013
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Status of the Department of Education's Inventory of Its Data Collections (open access)

Status of the Department of Education's Inventory of Its Data Collections

Correspondence issued by the Government Accountability Office with an abstract that begins "Education's inventory of its data collections is expected to include descriptive information, referred to as metadata, about the context of each data collection, as well as the specific data elements reported by respondents for each collection. The inventory will contain the department's major data collections and will be ready for public release by November 2013, according to Education officials. The inventory is to eventually include all statistical and grant administration collections that meet Education's definition of a data collection."
Date: June 28, 2013
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Border Security: Progress and Challenges in DHS Implementation and Assessment Efforts (open access)

Border Security: Progress and Challenges in DHS Implementation and Assessment Efforts

Testimony issued by the Government Accountability Office with an abstract that begins "U.S. Customs and Border Protection (CBP), part of the Department of Homeland Security (DHS), has reported progress in stemming illegal cross-border activity, but it could strengthen the assessment of its efforts. For example, since fiscal year 2011, DHS has used the number of apprehensions on the southwest border between ports of entry (POE) as an interim measure for border security. GAO reported in December 2012 that apprehensions decreased across the southwest border from fiscal years 2006 through 2011, generally mirroring a decrease in estimated known illegal entries in each southwest border sector. CBP attributed this decrease in part to changes in the U.S. economy and increased resources for border security. Data reported by CBP's Office of Border Patrol (Border Patrol) show that total apprehensions across the southwest border increased from over 327,000 in fiscal year 2011 to about 357,000 in fiscal year 2012. It is too early to assess whether this increase indicates a change in the trend. GAO testified in February 2013 that the number of apprehensions provides information on activity levels but does not inform program results or resource allocation decisions. Border Patrol is in the …
Date: June 27, 2013
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Medicare: Information on Highest-Expenditure Part B Drugs (open access)

Medicare: Information on Highest-Expenditure Part B Drugs

Testimony issued by the Government Accountability Office with an abstract that begins "Medicare expenditures for Part B drugs in 2010 were concentrated among relatively few drugs. The 55 highest-expenditure Part B drugs represented $16.9 billion in spending, or about 85 percent of all Medicare spending on Part B drugs, and the 10 highest-expenditure drugs accounted for about 45 percent of all Part B drug spending in 2010. Most of these drugs were under patent and could be purchased only from a single manufacturer. The number of Medicare beneficiaries who used the 55 drugs ranged from over 15 million beneficiaries who received the influenza vaccine to 660 beneficiaries who used a drug that treats hemophilia. The annual per beneficiary cost of the Part B drugs GAO examined also varied widely in 2010, from $13 for influenza vaccine to over $200,000 for factor vii recombinant to treat hemophilia. Spending, utilization, and prices increased for most of the 55 drugs between 2008 and 2010, with the drugs that showed the greatest increases in expenditures also showing the greatest increases in utilization."
Date: June 28, 2013
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Information Technology: OMB and Agencies Need to Focus Continued Attention on Eliminating Duplicative Investments (open access)

Information Technology: OMB and Agencies Need to Focus Continued Attention on Eliminating Duplicative Investments

Testimony issued by the Government Accountability Office with an abstract that begins "GAO has identified a number of issues related to information technology (IT) duplication across the federal government. For example, GAO has previously reported that hundreds of investments provide similar functions. Specifically, agencies reported 1,536 information and technology management investments, 777 supply chain management investments, and 622 human resource management investments."
Date: June 11, 2013
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Personnel Security Clearances: Further Actions Needed to Improve the Process and Realize Efficiencies (open access)

Personnel Security Clearances: Further Actions Needed to Improve the Process and Realize Efficiencies

Testimony issued by the Government Accountability Office with an abstract that begins ""
Date: June 20, 2013
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Federal Telework: Office of Personnel Management's 2012 Telework Report Shows Opportunities for Improvement (open access)

Federal Telework: Office of Personnel Management's 2012 Telework Report Shows Opportunities for Improvement

Correspondence issued by the Government Accountability Office with an abstract that begins ""
Date: June 28, 2013
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Airline Mergers: Issues Raised by the Proposed Merger of American Airlines and US Airways (open access)

Airline Mergers: Issues Raised by the Proposed Merger of American Airlines and US Airways

Testimony issued by the Government Accountability Office with an abstract that begins "The Department of Justice's (DOJ) antitrust review will be a critical step in the proposed merger between American Airlines (American) and US Airways. DOJ uses an integrated analytical framework set forth in the Horizontal Merger Guidelines to determine whether the merger poses any antitrust concerns. Under that process, DOJ assesses, among other things, the extent of likely anticompetitive effects of the proposed merger in the relevant markets, in this case, airline city-pair markets, and the likelihood that other airlines may enter these markets and counteract any anticompetitive effects, such as higher fares. DOJ also considers efficiencies that a merger or acquisition could bring--for example, consumer benefits from an expanded route network. The Department of Transportation (DOT) aids DOJ's analysis."
Date: June 19, 2013
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
SSA Representative Payee Program: Long-Term Strategy Needed to Address Challenges (open access)

SSA Representative Payee Program: Long-Term Strategy Needed to Address Challenges

Testimony issued by the Government Accountability Office with an abstract that begins "In summary, GAO found that SSA struggles to effectively administer its Representative Payee Program, despite steps the agency has taken to address its challenges in identifying, selecting, and monitoring representative payees. SSA field office managers in some offices said that due to increasing workloads and staff attrition they sometimes have to perform payee program duties that lower-level staff typically handle. SSA is also encountering increasing numbers of beneficiaries who may not have a suitable payee readily available. In an effort to address this challenge, SSA hosted a webinar to recruit additional payees. However, agency officials said this effort did not produce any new payees. SSA also faces challenges ensuring that payees who are selected are suitable for the task. In response, SSA has implemented a pilot program in its Philadelphia region to screen and bar payee applicants who have been convicted of certain crimes such as robbery and fraud to obtain governmental assistance. SSA said the focus of the pilot is to determine how easily these additional controls can be implemented. GAO also found that SSA faces challenges monitoring payees' use of beneficiaries' SSA funds--a time-consuming process. SSA …
Date: June 5, 2013
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Suspension and Debarment: Characteristics of Active Agency Programs and Governmentwide Oversight Efforts (open access)

Suspension and Debarment: Characteristics of Active Agency Programs and Governmentwide Oversight Efforts

Testimony issued by the Government Accountability Office with an abstract that begins "While each agency's suspension and debarment program that GAO reviewed in 2011 was unique, agencies with the most suspension and debarment activity shared certain characteristics. These included a dedicated suspension and debarment program and staff, detailed policies and procedures, and practices that encouraged an active referral process."
Date: June 12, 2013
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
School Lunch: Modifications Needed to Some of the New Nutrition Standards (open access)

School Lunch: Modifications Needed to Some of the New Nutrition Standards

Testimony issued by the Government Accountability Office with an abstract that begins "School districts faced several challenges implementing the new lunch requirements in school year 2012-2013, according to the eight districts GAO visited and food service and industry officials GAO interviewed from across the country; and the U.S. Department of Agriculture's (USDA) response to some of these challenges has been limited. For example, because USDA regulations restrict the amounts of meats and grains that can be served in school lunches each week, all eight districts GAO visited needed to modify or eliminate popular menu items. These changes sometimes led to negative student reactions. The meat and grain restrictions also led to smaller lunch entrees, making it difficult for some schools to meet minimum calorie requirements for lunches without adding items, such as gelatin, that generally do not improve the nutritional quality of lunches. In response to feedback from states and districts regarding operational challenges caused by the meat and grain restrictions, USDA lifted the limits temporarily, first for the remainder of school year 2012-2013 and then for school year 2013-2014. USDA officials said they did not see a problem making the temporary changes to help with implementation because the limits …
Date: June 27, 2013
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Transportation Infrastructure: Limited Improvement in Bridge Conditions over the Past Decade, but Financial Challenges Remain (open access)

Transportation Infrastructure: Limited Improvement in Bridge Conditions over the Past Decade, but Financial Challenges Remain

Testimony issued by the Government Accountability Office with an abstract that begins "There has been limited improvement in bridge conditions in the past decade, but a substantial number of bridges remain in poor condition. Of the 607,380 bridges on the nation's roadways in 2012, 1 in 4 was classified as deficient. Some are structurally deficient and have one or more components in poor condition and others are functionally obsolete and may no longer be adequate for the traffic they serve. Data indicate that the number of deficient bridges has decreased since 2002 even as the number of bridges has increased. The impact of the federal investment in bridges is difficult to measure. For example, while Department of Transportation (DOT) tracks a portion of bridge spending on a state-by-state basis, the data do not include state and local spending, thus making it difficult to determine the federal contribution to overall expenditures. Understanding the impact of federal investment in bridges is important in determining how to invest future federal resources."
Date: June 13, 2013
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Chemical Regulation: Observations on the Toxic Substances Control Act and EPA Implementation (open access)

Chemical Regulation: Observations on the Toxic Substances Control Act and EPA Implementation

Testimony issued by the Government Accountability Office with an abstract that begins "GAO reported in June 2005 that EPA has historically faced the following challenges in implementing the provisions of the Toxic Substances Control Act (TSCA):"
Date: June 13, 2013
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Export-Import Bank: Recent Growth Underscores Need for Improved Risk Management and Reporting (open access)

Export-Import Bank: Recent Growth Underscores Need for Improved Risk Management and Reporting

Testimony issued by the Government Accountability Office with an abstract that begins "Ex-Im's Business Plan concluded that the exposure limits in the Reauthorization Act were appropriate, but GAO’s May 2013 report found weaknesses in the methodology Ex-Im used to justify that conclusion. The Reauthorization Act increased the Ex-Im exposure limit to $120 billion in 2012, with provisions for additional increases to $130 billion in 2013 and $140 billion in 2014. Ex-Im forecast that its year-end exposure would be $120.2 billion in 2013 and $134.9 billion in 2014, below the congressionally determined limits. However, the buffer between the exposure limit and Ex-Im's exposure forecast for 2013 and 2014 is small in comparison with recent historical experience."
Date: June 13, 2013
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Transportation Worker Identification Credential: Card Reader Pilot Results Are Unreliable; Security Benefits Should Be Reassessed (open access)

Transportation Worker Identification Credential: Card Reader Pilot Results Are Unreliable; Security Benefits Should Be Reassessed

Testimony issued by the Government Accountability Office with an abstract that begins "This statement today highlights the key findings of GAO's May 8, 2013, report on the TWIC program, which addressed the extent to which the results from the TWIC reader pilot were sufficiently complete, accurate, and reliable for informing Congress and the TWIC card reader rule."
Date: June 18, 2013
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
F-35 Joint Strike Fighter: Restructuring Has Improved the Program, but Affordability Challenges and Other Risks Remain (open access)

F-35 Joint Strike Fighter: Restructuring Has Improved the Program, but Affordability Challenges and Other Risks Remain

Testimony issued by the Government Accountability Office with an abstract that begins ""
Date: June 19, 2013
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
FAA Oversight of Procedures and Technologies to Prevent and Mitigate the Effects of Dense, Continuous Smoke in the Cockpit (open access)

FAA Oversight of Procedures and Technologies to Prevent and Mitigate the Effects of Dense, Continuous Smoke in the Cockpit

Correspondence issued by the Government Accountability Office with an abstract that begins "FAA uses a variety of approaches, including certifying airplane design and inspecting air carriers, to oversee procedures and technologies that prevent or mitigate the effects of dense, continuous smoke in the cockpit. In the course of our review, we identified five such procedures and technologies that FAA oversees. They are:(1) Evacuation of dense smoke from the cockpit—FAA’s certification standards for aircraft design include that smoke evacuation must be readily accomplished. Additionally, FAA’s guidelines state that airplane manufacturers may demonstrate compliance with this requirement by evacuating dense smoke from the cockpit within 3 minutes. The guidelines also recommend, but do not require, that manufacturers demonstrate the capability to evacuate continuously generated smoke from the cockpit. However, according to FAA, no manufacturer has yet chosen to demonstrate this capability.(2) Protective breathing equipment for the flightcrew—FAA requires air carriers to provide protective breathing equipment that protects the flightcrew from the effects of smoke. The equipment must supply breathing gas for at least 15 minutes, must allow the pilots to use communication equipment, and must be readily accessible by the pilot. FAA inspections of aircraft include checks of this equipment.(3) Pilot training …
Date: June 4, 2013
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
National Preparedness: FEMA Has Made Progress, but Additional Steps Are Needed to Improve Grant Management and Assess Capabilities (open access)

National Preparedness: FEMA Has Made Progress, but Additional Steps Are Needed to Improve Grant Management and Assess Capabilities

Testimony issued by the Government Accountability Office with an abstract that begins "Officials in the Federal Emergency Management Agency (FEMA)--a component of the Department of Homeland Security (DHS)--have identified actions they believe will enhance management of the four preparedness programs GAO analyzed; however, FEMA still faces challenges. In February 2012, GAO found that FEMA lacked a process to coordinate application reviews and made award decisions with differing levels of information. To better identify potential unnecessary duplication, GAO recommended that FEMA collect project-level information and enhance internal coordination and administration of the programs. DHS concurred and has taken steps to address GAO's recommendations. For example, the fiscal year 2013 and 2014 President's budgets proposed the establishment of the National Preparedness Grant Program (NPGP), a consolidation of 16 FEMA grant programs into a single program. Members of Congress raised questions about the NPGP and did not approve the proposal for fiscal year 2013. FEMA incorporated stakeholder views, as directed by Congress, and the fiscal year 2014 President's Budget again proposed the NPGP. If approved, and depending on its final form and execution, the NPGP could help mitigate the potential for unnecessary duplication and address GAO's recommendation to improve internal coordination. In March …
Date: June 25, 2013
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Medicare: Ownership Status of Inpatient Prospective Payment System Hospitals That Qualify for Payment Adjustments (open access)

Medicare: Ownership Status of Inpatient Prospective Payment System Hospitals That Qualify for Payment Adjustments

Correspondence issued by the Government Accountability Office with an abstract that begins "GAO previously reported that, in 2012, upward payment adjustments affected the vast majority of hospitals paid under Medicare's inpatient prospective system (IPPS). (See GAO-13-334). For this report, GAO found that, of the 3,455 IPPS hospitals in the prior review, the proportion of hospitals qualifying for at least one of four categories of payment adjustments was higher among nonprofit and government hospitals than among for-profit hospitals. On average, 97 percent of government-owned hospitals and 90 percent of nonprofit hospitals received at least one form of increased payment in 2012. In contrast, 80 percent of for-profit hospitals qualified for at least one category of payment adjustment that year. In addition, for-profit hospitals were more likely to receive no, or only one form of, additional payment, whereas government-owned and nonprofit hospitals were more likely to receive two or three forms of additional payment."
Date: June 27, 2013
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Neighborhood Fishin': Reel Fun Close to Home (open access)

Neighborhood Fishin': Reel Fun Close to Home

Card outlining Texas Parks and Wildlife Department's length and bag limits for fishing in neighborhood ponds.
Date: June 2013
Creator: Texas. Parks and Wildlife Department.
System: The Portal to Texas History
Final report on SNAC 11 (open access)

Final report on SNAC 11

This report details how the $5,000 DOE grant to support the workshop titled “Sterile Neutrinos at the Crossroads” (or SNAC11) was allocated and spent. The SNAC11 workshop covered three days during which there were 28 talks, multiple discussion sessions, a poster session with 9 posters delivered, and an impromptu public lecture on the OPERA superluminal neutrino result by the former project manager of OPERA (this was the first official OPERA talk on the subject in North America). The workshop scientific agenda can be viewed at http://www.cpe.vt.edu/snac/program.html. Emerging out of the workshop discussions, was the idea to write a comprehensive white paper describing the current state of the light sterile neutrino. This effort soon became an international collaboration. The final document, titled “Light Sterile Neutrinos: A White Paper” has nearly 200 authors, is 267 pages long, and cites 730 unique references. It has been posted the preprint archive as arXiv:1204.5379 [hep-ph]. Workshop local organizing committee co-chairs, Patrick Huber and Jonathan Link, are the white paper’s head editors. The white paper’s sections and section editors are as follows: 1. Theory and Motivation (Gabriela Barenboim, Valencia and Werner Rodejohann, MPI Heidelberg) 2. Astrophysical Evidence (Kev Abazajian, UC Irvine and Yvonne Wong, Aachen) 3. …
Date: June 26, 2013
Creator: Huber, Patrick
System: The UNT Digital Library