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FRB - 2024-FMIC-B-018 - 1

Closed · 2024-09-23

From report

Report
FRB Minneapolis Followed Its Paycheck Protection Program Liquidity Facility Collateral Risk Management Processes and Can Enhance Monitoring and Collection Processes
OIG report number
2024-FMIC-B-018
Recommendation number
1

Recommendation text

Develop and implement formal procedures that monitor nondepository institution participants and address at-risk and unresolved collateral.