Treasury will share more data on bailouts, taxes

AP News
Posted: Dec 09, 2009 3:15 PM

The Treasury Department will be giving the public more data about tax returns, bailout transactions and bank supervision as part of an Obama administration push to improve government transparency.

The announcement Wednesday marks the Treasury Department's first step in complying with a White House directive Tuesday that called for greater transparency, collaboration and participation in government.

Treasury said it will be posting online three previously unavailable data sets.

The first is the Internal Revenue Service Statistics of Migration data, which show how tax filers move across country and state lines. It will be useful to local officials, real estate developers, business planners and researchers, the Treasury said.

Treasury also will be posting data detailing money flowing into and out of the $700 billion financial bailout fund. The department has long published this data visually, but has refused to make it available in a form that would be more useful to reporters and researchers.

Finally, Treasury will be posting the Quarterly Report on Bank Trading and Derivatives. This new report from the Office of the Comptroller of the Currency includes information about the government's supervision of banks and their investment activities.

"This government-wide effort is the next step in creating the conditions for a permanent culture of openness," Dan Tangherlini, Assistant Treasury Secretary for Management, said in a statement.