Annual Performance Plan 2015
PrintPreface
The Strategic Framework 2012-15, (strategic framework), available at www.federalreserve.gov/publications/gpra, identified and framed the most critical organizational challenges faced by the Board of Governors (Board). The Annual Performance Plan 2015 sets forth the planned projects, initiatives, and activities that will contribute to the strategic framework's long-term objectives.
Both reports are issued in the spirit of the Government Performance and Results Act (GPRA) of 1993, which requires that federal agencies, in consultation with the Congress and outside stakeholders, prepare a strategic plan covering a multiyear period and submit an annual performance plan and annual performance report. Although the Board is not covered by GPRA, the Board voluntarily complies with the spirit of the act and, like other federal agencies, prepares a strategic plan as well as annual plans and performance reports.
As required by the Federal Reserve Act, the Board annually submits to the Congress a report describing in detail operations of the Federal Reserve System (FRS) for the previous year. Since 1985, the FRS has also provided the Congress with a supplement, the Annual Report: Budget Review (ARBR), which provided a detailed explanation of the plans and resources discussed in the approved budgets of the Board and the 12 Federal Reserve Banks. The Board separately published its Annual Report and ARBR in past years. Commencing with the 2013 reporting year, the Board included the ARBR in its Annual Report.
Each of these reports is available on the Board's website at www.federalreserve.gov/publications.
