The The Board Should Strengthen Controls to Safeguard Embargoed Sensitive Economic Information Provided to News Organizations

Board of Governors of the Federal Reserve System (U.S.)

Reports and Studies from Board of Governors of the Federal Reserve System (U.S.)

Abstract: The Office of Inspector General (OIG) conducted this audit to assess the Board of Governors of the Federal Reserve System’s (Board) controls to protect sensitive economic information from unauthorized disclosure when it is provided under embargo to news organizations either (1) through a press lockup room located at the Board or (2) via the Board’s embargo application, which enables news participants to remotely access information made available by the Board. The OIG’s audit covered the period April 2014 through March 2015 and included the Federal Open Market Committee (FOMC) statements and Summaries of Economic Projections, the FOMC minutes, the Summary of Commentary on Current Economic Conditions by Federal Reserve District (also known as the Beige Book), and the four principal federal economic indicators (as designated by the Office of Management and Budget). We also conducted live observations of the press lockup room on June 17, 2015, and March 2, 2016.

Pages: 47 p.
Date: 2016-04-15
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Persistent link: https://EconPapers.repec.org/RePEc:fip:g00002:1825

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