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GAO-14-352R 1 (2014-02-18)

handle is hein.gao/gaobadqck0001 and id is 1 raw text is: 



G      A     O       U.S. GOVERNMENT ACCOUNTABILITY OFFICE
441 G St. N.W.
Washington, DC 20548


B-325511


February 18, 2014

The Honorable Debbie Stabenow
Chairwoman
The Honorable Thad Cochran
Ranking Member
Committee on Agriculture, Nutrition, and Forestry
United States Senate

The Honorable Tim Johnson
Chairman
The Honorable Mike Crapo
Ranking Member
Committee on Banking, Housing, and Urban Affairs
United States Senate

The Honorable Frank D. Lucas
Chairman
The Honorable Collin C. Peterson
Ranking Member
Committee on Agriculture
House of Representatives

The Honorable Jeb Hensarling
Chairman
The Honorable Maxine Waters
Ranking Member
Committee on Financial Services
House of Representatives

Subject: Department of the Treasury, Office of the Comptroller of the Currency, Board of
        Governors of the Federal Reserve System, Federal Deposit Insurance Corporation,
        Securities and Exchange Commission, Commodity Futures Trading Commission:
        Treatment of Certain Collateralized Debt Obligations Backed Primarily by Trust
        Preferred Securities With Regard to Prohibitions and Restrictions on Certain Interests
        In, and Relationships With, Hedge Funds and Private Equity Funds

Pursuant to section 801 (a)(2)(A) of title 5, United States Code, this is our report on a major rule
promulgated by the Department of the Treasury, Office of the Comptroller of the Currency,
Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation,
Securities and Exchange Commission, and Commodity Futures Trading Commission
(individually, an agency, and collectively, the agencies) entitled Treatment of Certain
Collateralized Debt Obligations Backed Primarily by Trust Preferred Securities With Regard to
Prohibitions and Restrictions on Certain Interests In, and Relationships With, Hedge Funds and


GAO-1 4-352R

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