Audit of the Corporation's Procurement and Travel Credit Card

AUDIT OF THE CORPORATION’S PROCUREMENT ANDTRAVEL CREDIT CARD PROGRAMSAudit Report No. 00-015OFFICE OF AUDITSOFFICE OF INSPECTOR GENERALMay 24, 2000 Federal Deposit Insurance Corporation Office of Audits Washington, D.C. 20434 Office of Inspector GeneralTO: Fred Selby, DirectorUpton FROM: David H. Assistant Inspector General for Headquarters SUBJECT:America, the FDIC was considered to be a “best practices” government agency with respect toBACKGROUND1 1 . GSA the with that NationsBank held the period of the contract include references to Bank of America future All GSA, identified common problems and brought them to Bank of America’s attention. The curethose experienced by the FDIC. Along with the FDIC, these agencies, through meetings with1999. Approximately 42 other government agencies have also encountered problems similar toAmerica of its failure to comply with critical master contract requirements on September 17,not deliver services according to its contract, and GSA issued a “cure” letter to notify Bank of did reflect a merger between NationsBank and Bank of America. However, Bank of AmericaNovember 30, 1998. The master contract through GSA was amended on April 30, 1999 toGSA to provide credit card services for the procurement card and the travel card beginning onThe FDIC established separate task orders with NationsBank under a master contract throughcredit card administration ...