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Date Issued
Submitting OIG
Federal Reserve Board & CFPB OIG
Agencies Reviewed/Investigated
Board of Governors of the Federal Reserve System
Report Number
2026-FMIC-B-005
Report Type
Audit
Agency Wide
Yes
Number of Recommendations
7
Questioned Costs
$0
Funds for Better Use
$1,447,000
Report updated under NDAA 5274
No
External Link
https://oig.federalreserve.gov/reports/board-unassigned-laptops-hard-drives-mar…

Open Recommendations

This report has 7 open recommendations.
Recommendation Number Significant Recommendation Recommended Questioned Costs Recommended Funds for Better Use Additional Details
1 No $0 $0

Implement standardized expectations to ensure that the Board recovers laptops from all departing employees, including options for potential consequences for failure to return a laptop.

2 No $0 $1,447,000

Coordinate with the responsible custodial division to ensure that the 677 laptops that were outside of the division’s inventory system from June 2025 to March 2026, worth $1.447 million, are issued to Board staff so that the funds spent on laptops are put to better use.

3 No $0 $0

Establish standard, enterprisewide expectations for managing the Board’s inventory of unassigned laptops and hard drives ready for disposal. Such standardized expectations should incorporate leading practices and include inventorying, tracking, assessing missing, securing, and organizing unassigned laptops and hard drives ready for disposal, as well as time frames for tagging, inventorying, and disposing of hard drives.

4 No $0 $0

Develop a monitoring program that
a. requires custodial divisions to report division-level laptop inventory information using the Board’s IT inventory management system.
b. includes procedures for the Division of IT to ensure that custodial divisions follow the standard, enterprisewide expectations.

5 No $0 $0

Develop and implement training for custodial divisions on the standard, enterprisewide expectations.

6 No $0 $0

Determine and clarify in the Board’s Delegations of Administrative Authority who has the oversight responsibility to manage IT equipment purchased by the divisions.

7 No $0 $0

Establish and implement a process to visually confirm that hard drives are removed before surplussing the laptop shells.

Federal Reserve Board & CFPB OIG

United States