The structure of the FDIC OIG is based on the functional responsibilities legislated by the Inspector General Act of 1978 and with consideration to the FDIC’s mission and operations. The FDIC OIG is comprised of the IG’s Immediate Office and six component offices as shown below. A brief description of the duties and responsibilities of each component office follows below: Related Link IG's Biography Contact the OIG

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Office of Audits

The Office of Audits (OA) provides the FDIC with professional audit and related services covering the full range of its statutory and regulatory responsibility, including major programs and activities. These audits are designed to promote economy, efficiency, and effectiveness and to prevent fraud, waste, and abuse in corporate programs and operations. This office ensures the compliance of all OIG audit work with applicable audit standards, including those established by the Comptroller General of the United States. It may also conduct external peer reviews of other OIG offices, according to the cycle established by the Council of the Inspectors General on Integrity and Efficiency.

Office of Material Loss Reviews

The Office of Material Loss Reviews (OMLR) is a temporary office within the OIG established in August 2009 to handle the OIG’s statutory responsibility under section 38(k) of the FDIC Act. When the Deposit Insurance Fund incurs a material loss (defined as the greater of $25 million or 2 percent of the institution’s assets) for an insured depository institution for which the FDIC is appointed receiver, the FDIC Act requires the IG of the appropriate federal banking agency to review the agency’s supervision of the institution, including implementation of FDIC Act section 38, Prompt Corrective Action; ascertain why the institution’s problems resulted in a material loss to the DIF, and make recommendations to prevent future losses. These reviews must be conducted within 6 months of the loss determination, are conducted in accordance with generally accepted government auditing standards, and require a sustained resource commitment by the OIG.

Office of Evaluations

The Office of Evaluations evaluates, reviews, studies, or analyzes FDIC programs and activities to provide independent, objective information to facilitate FDIC management decision-making and improve operations. Evaluation projects are conducted in accordance with the Quality Standards for Inspections. Evaluation projects are generally limited in scope and may be requested by the FDIC Board of Directors, FDIC management, or the Congress.

Office of Investigations

The Office of Investigations (OI) carries out a comprehensive nationwide program for the prevention, detection, and investigation of criminal or otherwise prohibited activity that may harm or threaten to harm the operations or integrity of the FDIC and its programs. OI maintains close and continuous working relationships with the U.S. Department of Justice; the Federal Bureau of Investigation; other Offices of Inspector General; and federal, state and local law enforcement agencies. OI coordinates closely with the FDIC’s Division of Supervision and Consumer Protection in investigating fraud at financial institutions, and collaborates with the Division of Resolutions and Receiverships and the Legal Division in investigations involving failed institutions and fraud by FDIC debtors.

In addition to its headquarters and regional presence, OI operates an ECU and forensic laboratory in Washington, D.C. The ECU is responsible for conducting computerrelated investigations impacting the FDIC and providing computer forensic support to OI investigations nationwide. OI also manages the OIG Hotline for employees, contractors, and others to report instances of suspected fraud, waste, abuse, and mismanagement within the FDIC and its contractor operations via a toll-free number or e-mail.

Office of Management

The Office of Management is the management operations arm of the OIG with responsibility for providing business support for the OIG, including financial resources, human resources, and IT support; the OIG’s internal and external Web sites; internal controls; coordination of OIG reviews of FDIC proposed policy and directives; and OIG policy development.

Office of Counsel

The Office of Counsel to the Inspector General is responsible for providing independent legal services to the Inspector General and the managers and staff of the OIG. Its primary function is to provide legal advice and counseling and interpret the authorities of, and laws related to, the OIG. The Counsel’s Office also provides legal research and opinions; reviews audit, evaluation, and investigative reports for legal considerations; represents the OIG in personnel-related cases; coordinates the OIG’s responses to requests and appeals made pursuant to the Freedom of Information Act and the Privacy Act; prepares Inspector General subpoenas for issuance; and reviews draft FDIC regulations and draft FDIC and OIG policies and proposed or existing legislation, and prepares comments when warranted; and coordinates with the FDIC Legal Division as necessary.