1: Federal Reserve Board's Programs and Operations

Enhance Economy, Efficiency, and Effectiveness; Limit Risk; Detect and Prevent Fraud and Abuse; and Ensure Compliance in the Federal Reserve Board's Programs and Operations

Other Information:

Through our oversight role, the OIG supports the Board's mission to foster the stability, integrity, and efficiency of the nation's monetary, financial, and payment systems to promote optimal macroeconomic performance. The IG Act establishes broad requirements for conducting independent audits, investigations, inspections, evaluations, and other reviews of the Board's programs and operations. As discussed earlier, we have other legislative mandates to conduct specific work in Board programs, activities, or functions, and we have identified additional areas that are high risk or otherwise warrant our review. We will focus our Goal 1 oversight efforts on the strategic objectives described below.

Objective(s):

1.1: Governance Oversight

1.1.1: Financial Statement Audits

1.1.2: Information Security

1.1.3: Law Enforcement

1.3.4: Internal Functions & Operations

1.3.4.1: Security Requirements

1.3.4.2: Procurement & Contracts

1.3.4.3: Information Technology

1.3.4.4: HR & Training

1.2: Functional Reviews

1.2.1: Monetary Policy Making Assessment

1.2.2: Security Investigations

1.2.3: Sensitive Information Systems

1.2.4: Recruitment & Retention

1.2.5: Financial Stability

1.3: Supervision & Regulation

1.3.1: State Banks

1.3.2: Nonbank Financial Companies

1.3.3: Large Banks & Important Nonbank Financial Companies

1.3.4: Savings & Loan Holding Companies

1.3.5: Supervision & Financial Stability

1.4: Oversight

1.4.1: Payment, Clearing & Settlement Services

1.4.2: FOIA Exemptions

1.4.3: Reserve Bank Review Process

1.4.4: Law Enforcement Operations

1.5: Consumer & Community Affairs

1.6: Investigations

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