Testimony issued by the Government Accountability Office with an abstract that begins "The Financial Stability Oversight Council (FSOC) and Office of Financial Research (OFR) face challenges in achieving their missions. For example, collaboration among FSOC members can be challenging, as almost all members represent independent agencies that retain existing authorities. Additionally, OFR faces the challenge of building a world-class research organization while meeting shorter-term responsibilities."

Correspondence issued by the Government Accountability Office with an abstract that begins "As of February 2013 our performance audits of the TARP programs have resulted in 66 recommendations to Treasury. Of the 66 recommendations, Treasury has implemented 51, or approximately 77 percent. Treasury has partially implemented 7 of the performance audit recommendations--that is, it has taken some steps toward implementation but needs to take more actions. Four performance audit recommendations remain open--that is, Treasury has not taken steps to implement them. Among these open recommendations are 2 recommendations directed at CPP and 2 recommendations directed at the MHA housing programs. Finally, with regard to 2 of the remaining 4 recommendations, Treasury officials told us that they were not planning to take actions to implement them. For the other 2 recommendations, the TARP program evolved and the recommendations are no longer applicable."