The Board's Law Enforcement Unit Can Clarify Its Authority and Document Processes for Its Physical Security Program

Date Issued

Wednesday, August 20, 2025

Submitting OIG

Federal Reserve Board & CFPB OIG

Agencies Reviewed/Investigated

Board of Governors of the Federal Reserve System

Report Number

2025-MO-B-010

Report Type

Inspection / Evaluation

Agency Wide

Yes

Number of Recommendations

Questioned Costs

Funds for Better Use

Report updated under NDAA 5274

External Link

Open Recommendations

This report has 5 open recommendations.

Recommendation Number	Significant Recommendation	Recommended Questioned Costs	Recommended Funds for Better Use
2	No	$0	$0
Establish and document physical security standards for the agency that include a risk-based decisionmaking framework to a. raise and resolve physical security considerations and concerns. b. document physical security decisions, including describing the rationale for any deviations from physical security standards.
3	No	$0	$0
Assign responsibility for managing third-party access cards for Board-leased spaces.
4	No	$0	$0
Ensure that the responsible group develops and implements a process to a. collect and deactivate third-party access cards from offboarded Board personnel. b. periodically reconcile third-party access card rights against human resources' list of active Board employees and contractors.
5	No	$0	$0
Establish a policy that defines the Technical Security Bureau’s responsibilities and the standard operating procedures needed to fulfill those responsibilities.
6	No	$0	$0
Develop and document a. measurable performance objectives for the Technical Security Bureau’s responsibilities. b. a monitoring process to assess the Technical Security Bureau’s progress toward achieving those objectives.