Office of Inspector General
Pursuant to the Inspector General Act of 1978, as amended, the Office of Inspector General (OIG) was established by Congress as an independent oversight authority within the Board of Governors of the Federal Reserve System (Board), the government agency component of the broader Federal Reserve System. In addition, the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) established the OIG as the independent oversight authority for the Consumer Financial Protection Bureau (CFPB). Within this framework, the OIG conducts audits, investigations, and other reviews of the Board's and the CFPB's program functions. By law, the OIG is not authorized to perform program functions.
Effective July 25, 2011, Mark Bialek assumed the position of Inspector General for the Board and the CFPB.
- Executives, Borrowers Convicted in Massive Fraud Scheme that Led to Collapse of Bank of Commonwealth (PDF)
- OIG Work Plan (Updated May 24, 2013) (PDF)
- OIG Semiannual Report to Congress, October 1, 2012–March 31, 2013 (PDF)
- Former Wilmington Trust Officer Pleads Guilty to Bank Conspiracy (PDF)
- Controls over the Board’s Purchase Card Program Can Be Strengthened
Executive summary (PDF) | Full report (PDF)
Fraudulent Spam Emails Claiming to be from the Federal Reserve
The Office of Inspector General (OIG) is aware of a recent surge of fraudulent emails claiming to be from the Federal Reserve. Learn how to protect yourself and report suspicious e-mails.
Report Fraud, Waste and Abuse
Last update: May 24, 2013