Board Report: 2015-MO-B-006 March 31, 2015
OFFICE OF INSPECTOR GENERAL
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
CONSUMER FINANCIAL PROTECTION BUREAU
March 31, 2015
Distribution List
Melissa Heist /signed/
Associate Inspector General for Audits and Evaluations
OIG Report No. 2015-MO-B-006: The Board Can Enhance Its Diversity and Inclusion Efforts
The Office of Inspector General has completed its final report on the subject audit. We conducted this audit in response to a congressional request for information on the Board of Governors of the Federal Reserve System's (Board) activities related to diversity and inclusion. Our objective was to assess the Board's human resources–related operations and other efforts to provide for equal employment opportunities, including equal opportunity for minorities and women to obtain senior management positions, and increase racial, ethnic, and gender diversity in the workforce.
Our report contains recommendations designed to improve the monitoring and promotion of diversity and inclusion at the Board, as well as strengthen related controls. In the Board's response to our draft report, the Board concurs with our recommendations and indicated progress in addressing the recommendations. We have included the Board's response as appendix I in our report.
We appreciate the cooperation that we received from your offices. In its final form, this report will be added to our public website and will be summarized in our next Semiannual Report to Congress. Please contact me if you would like to discuss this report or any related issues.
Michell Clark, Director of the Management Division
Dave Harmon, Chief Human Capital Officer and Deputy Director,
Management Division
Sheila Clark, Program Director, Office of Diversity and Inclusion
Lillian Shewmaker, Chief of Administration and Special Projects,
Division of Research and Statistics
Scott G. Alvarez, General Counsel
William Mitchell, Chief Financial Officer and Director, Division of
Financial Management
J. Anthony Ogden, Deputy Inspector General
Distribution:
Donald Hammond, Chief Operating Officer, Office of the Chief Operating Officer
Steven Kamin, Director, Division of International Finance
Thomas Laubach, Director, Division of Monetary Affairs
Nellie Liang, Director, Office of Financial Stability Policy and Research
David Wilcox, Director, Division of Research and Statistics
