United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 2000-11-13 monographic deposited born digital 64 p. GA 1.13:GAO-01-160 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-01-160 P0b002ee180391fd5 f:d01160 DGPO 2010-08-12 2011-03-24 GAOREPORTS-GAO-01-160 machine generated eng fdlp REPORT GAOREPORTS-GAO-01-160 GAO-01-160 Bank management Banking law Federal reserve banks Conflict of interests Banking regulation Letter Report The Federal Reserve System plays multiple roles in the payments system by virtue of its status as central bank, banking industry regulator, and payments service provider. Where these roles overlap, conflict, or potentially complement one another inappropriately, the Federal Reserve is faced with the challenge of managing or separating them in such a way as to ensure that it is fulfilling each role without exerting undue influence or giving itself an advantage at the expense of the banking industry or its private sector competitors in providing payment services. GAO found no evidence to suggest that the Federal Reserve has not adequately separated its multiple roles. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-01-160/html/GAOREPORTS-GAO-01-160.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-01-160/pdf/GAOREPORTS-GAO-01-160.pdf GAO-01-160 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-01-160 Letter Report GAO-01-160; Federal Reserve System: Mandated Report on Potential; Bank management Banking law Federal reserve banks Conflict of interests Banking regulation