So, compatriots, in the interest of ongoing transparency vis-a-vis the economic mess, we're tracking the contracts as they're let by the Office of Financial Stability. You can track them too by signing up for alerts here. Using OrgScope, we're adding each new award and hire to the map. Click this link, wait a few seconds for the dynamic map to load, then click on down through the Office of Domestic Finance (it's over to the right) and then to the Office of Financial Stability and then you'll see the contract awards in purple boxes under the sub-departments awarding them. Roll over the purple box and you can see its value; double click and link right to the actual contract. The map below shows what I'm talking about.
Here are the first three contracts as listed on Treasury's site.
According to the Treasury Department's October 13 press release, it hired EnnisKnupp as the first investment adviser. Contract total, which you can find here is for $2.495 million.
On Oct 14, Treasury announced its award to Bank of New York Mellon for a contract "to serve as its custodian for the implementation of the Troubled Asset Relief Program authorized under the Emergency Economic Stabilization Act...to help the Department with custodial, accounting, auction management and other infrastructure services needed to administer the complex portfolio of troubled assets the Department will purchase." This is a three-year contract and the section containing compensation information is blacked out.
On Oct 16, Treasury announced its legal adviser, Simpson, Thacher and Bartlett, its contract here. Total contract award for six months beginning Oct 10, 2008 = $300,000.
