The Lacuna Project

lacuna (n.) a gap in a record where something should be

Independent research. Not affiliated with any government, agency, or company.

Exhibit 807

The Board Can Further Enhance the Design and Effectiveness of the FOMC's Investment and Trading Rules (2023-SR-B-006)

Exhibit 807 ยท Inspector general evaluation

The Board Can Further Enhance the Design and Effectiveness of the FOMC's Investment and Trading Rules (2023-SR-B-006)

Hundreds of individuals throughout the Federal Reserve System who have access to Class I FOMC information are not subject to any of the additional controls implemented in the policy.

Evaluates the new investment and trading policy. Six recommendations; the Board concurred. Finds the policy does not reach hundreds of System staff with access to Class I FOMC information and that ethics reviews rely on trust rather than verification of the disclosures.

Source
Federal Reserve Board Office of Inspector General
Date
26 April 2023
Quoted from
Executive Summary, p. 2 of 32
Grade
Primary record
Document
https://oig.federalreserve.gov/reports/board-FOMC-investment-trading-rules-apr2023.pdf
Accessed
2026-11-09
Cited by
Findings citing this exhibit

Cited by

Finding POL-8.15
Primary record On 21 October 2021 the Board announced rules that prohibit purchases of individual securities by Federal Reserve policymakers and senior staff. In April 2023 the OIG found that hundreds of System staff with access to Class I FOMC information are not subject to the policy's additional controls.