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FPCD-77-49 1 (1977-06-01)

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REPORT TO THE CONGRESS




BY THE COMPTROLLER GENERAL

OF THE UNITED STATES


The Federal Deposit Insurance

Corporation's Financial Disclosure

Regulations Should Be Improved


The close relationship between the Federal
Deposit Insurance Corporation and the
banking industry requires the Corporation to
have an effective financial disclosure system
for its employees. The Corporation has estab-
lished several disciosure systems to prevent
and detect employee conflicts of interest.
What should be done?

    --Administration of these systems should
    be coordinated in one office.

    --Other Corporation employees should
    be required to file disclosure state-
    ments.

    --Other actions should be taken to im-
    prove the system.


JUNE 1, 1977


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FPCD-77-49

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