# FRB Minneapolis Followed Its Paycheck Protection Program Liquidity Facility Collateral Risk Management Processes and Can Enhance Monitoring and Collection Processes
> **Inspection / Evaluation** by 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

- **Rec 1** (Closed): Develop and implement formal procedures that monitor nondepository institution participants and address at-risk and unresolved collateral.
## Source
- [oversight.gov report page](https://www.oversight.gov/reports/frb-minneapolis-followed-its-paycheck-protection-program-liquidity-facility-collateral-risk)
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