United States Government Publishing Office
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United States
Government Accountability Office
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government publication
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GAOREPORTS
Legislative Agency Publications
gao
legislative
2010-08-12
U.S. Government Printing Office
2006-07-31
monographic
deposited
born digital
37 p.
GA 1.13:GAO-06-824
https://www.govinfo.gov/app/details/GAOREPORTS-GAO-06-824
P0b002ee180398395
f:d06824
DGPO
2010-08-12
2011-03-28
GAOREPORTS-GAO-06-824
machine generated
eng
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REPORT
GAOREPORTS-GAO-06-824
GAO-06-824
Bank loans
Community development
Community development programs
Internal controls
Lending institutions
Performance measures
Program evaluation
Program goals or objectives
Bank Enterprise Award Program
Other Written Product
A57744
Treasury's Bank Enterprise Award Program: Impact on Investments in Distressed Communities Is Difficult to Determine, but Likely Not Significant
Established in 1994, the Department of the Treasury's Bank
Enterprise Award (BEA) program provides cash awards to banks that
increase their investments in community development financial
institutions (CDFI) and lending in economically distressed
communities. CDFIs are specialized institutions that provide
financial services to areas and populations underserved by
conventional lenders and investors. In 2005, Treasury provided
nearly $10 million in BEA awards. The BEA program has faced
longstanding questions about its effectiveness and experienced
significant declines in funding in recent years. This report (1)
examines the extent to which the BEA program may have provided
banks with financial incentives and (2) assesses the BEA
program's performance measures and internal controls. To complete
this study, GAO reviewed relevant award data; interviewed
Treasury, bank, and CDFI officials; and assessed the BEA
program's performance measures and internal controls against
GAO's standards for effective measures and controls.
https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-06-824/html/GAOREPORTS-GAO-06-824.htm
https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-06-824/pdf/GAOREPORTS-GAO-06-824.pdf
GAO-06-824
https://www.govinfo.gov/app/details/GAOREPORTS-GAO-06-824
Other Written Product
GAO-06-824; Treasury's Bank Enterprise Award Program: Impact on Investments in Distressed Communities Is Difficult to Determine, but Likely Not Significant;
Bank loans
Community development
Community development programs
Internal controls
Lending institutions
Performance measures
Program evaluation
Program goals or objectives
Bank Enterprise Award Program
United States Statutes at Large
Volume 91 Page 1147
91 Stat. 1147