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AFMD-82-73 1 (1982-06-18)

handle is hein.gao/gaobabdkd0001 and id is 1 raw text is: 14 A4zl, i/SJ 4


UNITED STATES GENERAL ACCOUNTING OFFICE
        WASHINGTON, D.C. 20548


ACCOuNTING AND INANCIA
  MMtANA6IM9NT DIVisIor


JUNE 18, 1982


B-205524


The Honorable John D. Dingell
Chairman, Committee on Energy
  and Commerce
House of Representatives

The Honorable Timothy E. Wirth
Chairman, Subcommittee on
  Telecommunications, Consumer
  Protection and Finance
Committee on Energy and Commerce
House of Representatives


I l    llllll l 1 1l1llll
   118728


     Subject: Statistical Data on Securities and Exchange Commis-
               sion's Allocation of Staffing and Other Budgetary
               Resources for Fiscal 1977 to 1981 (GAO/AFMD-82-73)

     In your letter of October 14, 1981, (encl. I) and during our
discussions with your offices, concerns were expressed about the
Securities and Exchange Commission's (SEC's) ability to adequately
monitor the securities markets with its current resources. You re-
quested our assistance in developing information on SEC's budgetary
resources, staffing levels, and other data affecting SEC program
activities for fiscal 1977 to 1981. You also requested a briefing
on preliminary information developed by our staff. The briefing
was given on November 9, 1981.

     The information we obtained, the scope of our work, and the
methods we used are described in enclosure II. While SEC did not
have some of the data you requested, we were able to obtain the
following information:

     --A graphic presentation of SEC's productivity from 1967 to
        1980. (See encl. III.)

     --Market conditions in terms of shares traded and registra-
       tion statements filed with SEC between 1977 and 1981. (See
       encl. IV.)

     --Summary of SEC budget requests from 1977 to 1981. (See
       encl. V.)

     --Detailed budget requests for SEC's eight program areas and
       29 organizational units. (See encl. VI.)


4r                                  (908111


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