FRB Minneapolis Followed Its Paycheck Protection Program Liquidity Facility Collateral Risk Management Processes and Can Enhance Monitoring and Collection Processes
Inspection / Evaluation · Federal Reserve Board & CFPB OIG · 2024-09-23 · about Board of Governors of the Federal Reserve System
Report
Title
FRB Minneapolis Followed Its Paycheck Protection Program Liquidity Facility Collateral Risk Management Processes and Can Enhance Monitoring and Collection Processes
Submitting OIG
Federal Reserve Board & CFPB OIG
Component agency
Board of Governors of the Federal Reserve System
Type
Inspection / Evaluation
Publication date
2024-09-23
Recommendations (1)
#
Status
Text
1
Closed
Develop and implement formal procedures that monitor nondepository institution participants and address at-risk and unresolved collateral.