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Board Report: 2014-IT-B-018 October 30, 2014

The Board Can Better Coordinate Its Contingency Planning and Continuity of Operations Program

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Memorandum

OFFICE OF INSPECTOR GENERAL
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
CONSUMER FINANCIAL PROTECTION BUREAU

October 30, 2014

Memorandum

TO:

Michell Clark
Director, Management Division
Board of Governors of the Federal Reserve System

FROM:

Andrew Patchan Jr. /signed/
Associate Inspector General for Information Technology

SUBJECT:

OIG Report No. 2014-IT-B-018: The Board Can Better Coordinate Its Contingency Planning and Continuity of Operations Program

The Office of Inspector General has completed its final report on the subject audit. Our objectives were to evaluate the contingency planning and continuity of operations program of the Board of Governors of the Federal Reserve System (Board) to ensure that the Board's contingency planning and continuity of operations program provide a coordinated strategy involving plans, procedures, and technical measures that enable the recovery of information systems, operations, and data after a disruption.

We provided you with a draft of our report for review and comment. In your response, you outlined actions that have been or will be taken to address our recommendations. We have included your response as appendix B to our report.

We appreciate the cooperation that we received from the Management Division, the Division of Information Technology, and the other Board Divisions that supported this effort. Please contact me if you would like to discuss this report or any related issues.

cc:

Donald Hammond
David Capp
Sharon Mowry
William Mitchell
Ann Buckingham
J. Anthony Ogden
Matt Simber