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.
- OIG Work Plan (Updated April 21, 2014) (PDF)
- Independent External Peer Review of OIG Investigations (PDF)
- Former Onebanc Senior Vice President Indicted on Bank Fraud Charges (PDF)
- Opportunities Exist for the Board to Improve Recordkeeping, Cost Estimation, and Cost Management Processes for the Martin Building Construction and Renovation Project
Executive summary (PDF) | Full report (3.47 MB PDF)
- The Board’s Law Enforcement Unit Could Benefit From Enhanced Oversight and Controls to Ensure Compliance With Applicable Regulations and Policies
Executive summary (PDF) | Full report (4.8 MB 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: April 21, 2014