Treasury Announces Open Government Plan

by Sabrina I. Pacifici on December 9, 2009

News release: “As part of a commitment to increase transparency in government and maintain accountability of taxpayer dollars, the U.S. Department of the Treasury today announced an open government effort that will increase public access to data and information. Under this initiative, Treasury has compiled and will now make available new data on tax returns, more user friendly information on transactions under the Troubled Asset Relief Program (TARP), and a new report on bank trading and derivatives. Treasury’s open government effort includes making publicly available the following sets of information and reports:

  • New Data on Tax Returns. For the first time, Treasury has released Internal Revenue Service (IRS) Statistics of Migration Data. This data set shows migration patterns of tax filers moving across country and state lines. This free information will be of use to local officials, real estate developers, business planners, and researchers.

  • New Format for TARP Transaction Report. Treasury’s Office of Financial Stability releases a TARP Transaction Report for every new TARP transaction including investments made and funds repaid. In an effort to make the reports more user-friendly, they will now be available in XML format for easy sorting of data.
  • Quarterly Report on Bank Trading and Derivatives. This report, made available by the Office of the Comptroller of Currency, provides information on the federal government’s supervision of banks as well as the investment activities of financial institutions.”

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