Federal Deposit Insurance Corporation
Office of Inspector General
Federal Deposit Insurance Corporation - Office of Inspector General

Inspector General Community and Oversight

The IG Act 

The Inspector General Act of 1978, as amended, statutorily established the Federal Inspectors General (IG) as independent and objective units within most agencies whose duties are to combat waste, fraud, and abuse in the programs and operations of their respective agencies.   To this end, each IG is responsible for conducting audits and investigations relating to the programs and operations of its agency.  Additionally, IGs provide leadership and coordination and recommend policies for activities designed to promote economy, efficiency, and effectiveness, and prevent and detect fraud and abuse, in agency programs and operations.  Today IGs representing 73 federal establishments carry out the IG mission.

IG Act

CIGIE and CIGFO Involvement

The OIG fully supports and participates in IG community activities through the Council of the Inspectors General on Integrity and Efficiency (CIGIE).  This Council is an independent entity established within the executive branch to address integrity, economy, and effectiveness issues that transcend individual Government agencies and aid in the establishment of a professional, well-trained and highly skilled workforce in the Offices of Inspectors General. Visit www.ignet.gov.

CIGIE also created Oversight.gov to consolidate in one place all public reports from Federal Offices of Inspector General (OIGs) in order to improve the public’s access to independent and authoritative information about the Federal Government. The site includes a publicly accessible, text searchable repository of reports published by OIGs. In addition, the site includes an Open Recommendations page that serves as a single public repository for open recommendations and any associated potential cost savings. More information about the Open Recommendations page is available on Oversight.gov's Open Recommendations Fact Sheet

The FDIC OIG is also a member of the Council of Inspectors General on Financial Oversight (CIGFO).  This Council was established by the Dodd–Frank Wall Street Reform and Consumer Protection Act (Pub.L.111-203). Council members share information about their ongoing work, with a focus on concerns that may apply to the broader financial sector and ways to improve financial oversight. The Council is made up of nine financial regulatory agency Inspectors General. Visit the CIGFO Website.

Other key partnerships: We meet with representatives of the Government Accountability Office to coordinate work and minimize duplication of effort.  We also partner with representatives of the Department of Justice, including the Federal Bureau of Investigation and U.S. Attorneys’ Offices, to coordinate our criminal investigative work and pursue matters of mutual interest.

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