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B-173761 1 (1977-01-18)

handle is hein.gao/gaobachkz0001 and id is 1 raw text is: UNITED STATES GENERAL ACCOUNTING OFFICE WASHINGTON, D.C. 20548 . FFICEOF GENERAL COUNSEL B-173761 Daniel 1. organ, rSt. Wateer, on & Buin. 32 Journal Square Je*rseY City, Nm Jersey 07306 Dear ft. florgant This replies to your letter of January 10, 1977, requesting a copy of the GAO draft report .on bank regulitory agencies, and copies of the agreet. entered Into between, M the Federal Rexfteloarda Comp- troller of the Currencyand P.D.lCo, respectivaly. The draft report you request has been prepared at congresasional request, and when completed and in ftual form, will be subvitted as a report of the Coptroller Caera1gio the Congress,. In its present form, the draft report does not constitate the final position of the AO or of the Comptrollr. Geral; rather, it is in the form of recowrmndations to him which he will not act upon t*til Coemnts have been received from tjh. three concerned Federal bank supervisory agencies. -The draft report, therefore, forms part of the deliberative process of this Agency, and is' expt from release under 4 C...o R 81.6(a)(5), We have considered the fact raised in telephone discussions with Mr. Evers of my staff that the draf t report is being -cited In the press. We have neither released nor authorized release of the draft report out- side of the CAO and the thr e concerned agencies. Our review was made under spe ifLe agreements reached with each of the three agencies grant- ins us access to their records and astablishing groundrulea for the reporting process. Relesse of the report in draft prior to veceipt and evaluation of the agenciLes' comments vould be inconsistint with these Sleview of the draft report by each of the three agencies is parti- cularly critical in this Instance, for we nust rely on then to assure that the report neither violates the terms of the agreements nor the provisions of 18 U.S.C $194 (1970). I ..,-,. -....-. ;..... . . . . . .... .=. : ... .-. .. .,.,

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