Open Recommendations

Conduct and document a representative survey or other assessment of the Orderly Liquidation Authority-related skill sets existing or needed within the Division of Complex Institution Supervision and Resolution and ensure the Division’s Professional Development Plan incorporates the results.

Regularly conduct and document Orderly Liquidation Authority general and functional training and ensure that training is clearly linked to the key components of the systemic resolution framework and processes.

Develop an FDIC readiness plan for a financial crisis, to include a scenario that involves the resolution of multiple concurrent failures of systemically important financial companies.

​FHFA should ensure that approving officials approve travel reimbursements within five calendar days of receipt of the voucher in the Agency’s electronic travel system.​

FHFA should ensure that employees are aware and periodically reminded that the travel cards must be used for all official travel expenses.​

FHFA should ensure that employees submit travel vouchers within five working days after completing their travel.​

​FHFA should reinforce FHFA’s Travel Policy and Federal Travel Regulation requirements to employees and approving officials through ongoing training and periodic reminders of responsibilities.​

1. We recommend the Deputy Secretary of Commerce direct the Department's Chief Information Officer to work with system owners to (a) determine why penetration tests and KEV findings are not resolved within established due dates, (b) prioritize resources to resolve the causes of the delayed remediations, (c) immediately remediate vulnerabilities, and (d) establish a real-time reporting mechanism to track closures.

3. We recommend the Deputy Secretary of Commerce direct the Department's Chief Information Officer to establish and implement a process to aggregate and share penetration testing results across bureau HVA system owners.

We recommend the Executive Director, Law Enforcement Safety and Compliance Directorate implement a process to ensure recordation, for each stored firearm, of the physical location, including street address, and specific location within the facility, in the Firearms, Armor, and Credentials Tracking System.

We recommend that the Commissioner of CBP develop and implement a corrective action plan to ensure firearms and ammunition video surveillance systems are installed in required areas, functioning, and correctly positioned at the 11 locations with issues identified in this report.

We recommend SSA ensure contracts from other Federal agencies are readily available to determine whether the contract includes required FAR clauses, by including a copy of the initial award issued by other Agencies in SSA’s Streamlined Acquisition System.

We recommend the U.S. Assistant Secretary for Occupational Safety and Health update the criteria for the number of establishments to be included in the Site-Specific Targeting programs’ universes to better reflect industry growth and the number of eligible establishments nationwide.

We recommend the U.S. Assistant Secretary for Occupational Safety and Health to develop specific, measurable inspection goals for the Site Specific Targeting program, including a baseline for the number of inspections in each Site-Specific Targeting category, and periodically monitor progress toward those goals.

We recommend the U.S. Assistant Secretary for Occupational Safety and Health develop a more effective enforcement strategy to improve employer Form 300A compliance.

We recommend the U.S. Assistant Secretary for Occupational Safety and Health assess Form 300A data categories and gather more specific supporting information about injuries to better identify the count and type of injuries reported, such as musculoskeletal disorders.

We recommend the U.S. Assistant Secretary for Occupational Safety and Health develop improved Form 300A data analyses to better identify trends among industries and establishments.

We recommend the U.S. Assistant Secretary for Occupational Safety and Health develop specific measurable inspection goals for the warehousing National Emphasis Program, including a baseline for the number of inspections to complete and periodically monitor progress toward those goals. Ensure the goals contain metrics that demonstrate the outcomes of the program.

We recommend the Principal Deputy Assistant Secretary for Employment and Training develop a document that captures lessons learned from the implementation of the pandemic-related UI programs that can be used to provide legislative technical assistance and operational guidance to Congress and states on any future emergency UI programs, including an assessment of fraud and fraud prevention methods in programs that allow for self-certification.

Ensure that all 1,286 noncompliant card readers are replaced with Federally compliant card readers and are properly configured.

Determine the cause for the inoperable alarm at Site 6 and resolve the issue to enable alarms to appear in the EPACS Event Viewer.

Discuss and reinforce the updates made to Supervision and Regulation Letter 02-9 in response to recommendation 1 with Reserve Banks through training.

Develop and implement a plan for instructing Community Banking Organization and Regional Banking Organization examiners to take a forward-looking view of a bank’s risk profile and the possible and plausible outcomes of that risk profile when assigning CAMELS composite and component ratings, includinga. guidance for examiners on effectively balancing a bank’s financial results and condition with its risk profile when assigning CAMELS composite and component ratings, particularly for banks with concentrated business models susceptible to boom and bust cycles.b. guidance for examiners on circumstances that warrant a heightened sense of urgency to initiate CAMELS composite or component ratings downgrades, identify…

Develop guidance for examiners on preparing firms to transition from the Community Banking Organization portfolio to the Regional Banking Organization portfolio that includes references to updated and relevant guidance applicable to firms that cross the $10 billion asset size threshold.

Develop a plan to minimize the time necessary to establish a new Regional Banking Organization central point of contact and supervisory team for Community Banking Organizations approaching the $10 billion asset size threshold.