103 STAT. 510 PUBLIC LAW 101-73—AUG. 9, 1989 (b) CONSULTATION AND COOPERATION WITH OTHER AGENCIES.— The Comptroller General shall determine the structure and methodology of the study under this section in consultation with and with the cooperation of the Secretary of Agriculture and the Farm Credit Administration (with respect to the Farm Credit Banks, the Banks for Cooperatives, and the Federal Agricultural Mortgage Corpora- tion), the Secretary of Education (with respect to the Student Loan Marketing Association and the College Construction Loan Corpora- tion), the Secretary of Housing and Urban Development (with re- spect to the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation), and the government-sponsored enterprises. (c) ACCESS TO RELEVANT INFORMATION.—Each government-spon- sored enterprise shall provide full and prompt access to the Comptroller General to its books and records and shall promptly provide any other information requested by the Comptroller Gen- eral. In conducting the study under this section, the (Domptroller General may request information from, or the assistance of, any department or agency of the Federal Government that is authorized by law to supervise or approve any of the activities of any govern- ment-sponsored enterprise. (d) SPECIFIC REQUIREMENTS. —The study shall examine and evalu- ate— (1) the degrees and types of risks that are undertaken by the government-sponsored enterprises in the course of their oper- ations, including credit risk, interest rate risk, management and operational risk, and business risk; (2) the most appropriate method or methods for quantifying the types of risks undertaken by the government-sponsored enterprises; (3) the actual level of risk that exists with respect to each government-sponsored enterprise, which shall take into account factors including the volume and type of securities outstanding that are issued or guaranteed by each government-sponsored enterprise and the extent of off-bgJance sheet expense of each government-sponsored enterprise; (4) the appropriateness of applying a risk-based capital stand- ard to each government-sponsored enterprise, taking into ac- count the nature of the business each government-sponsored enterprise conducts; (5) the costs and benefits to the public from application of a risk-based capital standard to the government-sponsored enter- prises and the impact of such a standard on the capability of each government-sponsored enterprise to carry out its purpose under law; (6) the impact, if any, of the operation of the government- sponsored enterprises on borrowing of the Federal Government; (7) the overall level of capital appropriate for each of the government-sponsored enterprises; and (8) the quality and timeliness of information currently avail- able to the public and the Federal Government concerning the extent and nature of the activities of government-sponsored enterprises and the financial risk associated with such activi- ties. (e) REPORTS TO CONGRESS. —The Comptroller General shall submit to the Congress 2 reports regarding the study under this section. The first report shall be submitted to the Congress not later than 9
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