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094671 1 (1977-11-29)

handle is hein.gao/gaobadxqc0001 and id is 1 raw text is: 
C94Q7


FOR RELEASE ON DELIVERY
.Expected at 11:00 A.M. ESI
Tuesday, November 29, 1977


              STATEMENT OF

              ELMER B. STAATS

COMPTROLLER GENERAL OF THE UNITED STATES

               BEFORE THE

    COMMITTEE ON GOVERNMENTAL AFFAIRS

          UNITED STATES SENATE


  R. . 2176, A Bill to amend the Accounting and Auditing Act
oof 1950 to provide for the audit, by the Comptroller General,
of the Federal Reserve System, the Federal Deposit Insurance
Corporation, and the Office of the Comptroller of the Currency.


     We appreciate the opportunity to give you our views on

 H.R. 2176 which authorizes and directs the Comptroller General

 to audit the Federal Reserve System, the Federal Deposit

 Insurance Corporation, and the Office of the Comptroller of

 the Currency.

      First, let me say that we strongly endorse H.R. 2176

 and recommend its favorable consideration by your Committee

 and the Senate. The General Accounting Office has for some


                                          7--


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


6

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