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 2004-02-10 monographic deposited born digital 28 p. GA 1.5/2:GAO-04-269 T https://www.govinfo.gov/app/details/GAOREPORTS-GAO-04-269T P0b002ee18038f5cb 000559000 f:d04269t DGPO 2010-08-12 2011-03-24 GAOREPORTS-GAO-04-269T machine generated eng fdlp REPORT GAOREPORTS-GAO-04-269T GAO-04-269T Agency missions Financial management Government sponsored enterprises Internal controls Risk management Strategic planning Accountability Securities Congressional oversight Testimony A09234 Congress established government sponsored enterprises (GSE)-- such as Fannie Mae, Freddie Mac, the FHLBank System, and the Farm Credit System--to facilitate the development of mortgage and agricultural lending in the United States. Although the federal government does not explicitly guarantee the GSEs' approximately $4.4 trillion in financial obligations, the potential exists that the government would provide financial assistance in an emergency as it has done in the past. Recent financial reporting problems at Freddie Mac have raised concerns about the quality of the GSEs' corporate governance and regulatory oversight. To assist Congress in reviewing the adequacy of GSE oversight, this testimony provides information on GSE corporate governance, regulatory oversight, and mission compliance measures. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-04-269T/html/GAOREPORTS-GAO-04-269T.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-04-269T/pdf/GAOREPORTS-GAO-04-269T.pdf GAO-04-269T https://www.govinfo.gov/app/details/GAOREPORTS-GAO-04-269T Testimony GAO-04-269T; Government-Sponsored Enterprises: A Framework for Strengthening GSE Governance and Oversight; Agency missions Financial management Government sponsored enterprises Internal controls Risk management Strategic planning Accountability Securities Congressional oversight