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GGD-84-40 1 (1984-02-03)

handle is hein.gao/gaobabejw0001 and id is 1 raw text is: 




BY THE COMPTROLLER GENERAL

Report To The Chairman, Committee On

:Banking, Finance And Urban Affairs

House Of Representatives


OF THE UNITED STATES




Unauthorized Disclosure Of The Federal

Reserve's Monetary Policy Decision



GAO reviewed several issues centering on the unau-
thorized disclosure of the Federal Reserve System's
July 20, 1983, long-range monetary growth targets.
GAO

   --was unable to determine exactly how and when
   the leak occurred,

   --found that at least 239 persons in the Federal
   Reserve System or the Congress knew of the
   decision or handled documents containing the
   decision,
   --found no indication that financial entities traded
   with knowledge of the leaked information prior to
   its publication in the press, and
   --determined that safeguard procedures in both
   the Federal Reserve System and the House Bank-
   ing Committee could be strengthened.

Reducing both the period of time the data must be
safeguarded and the number of individuals who are
authorized access to the sensitive material are ways
to reduce the likelihood of a leak.




10                                                            123361


                                                           GAO/GGD-84-40
                                                           FEBRUARY 3, 1984

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