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:''This article is about the Inspector General. For other people named Elizabeth Coleman see [[Elizabeth Coleman]], a disambiguation page.''
{{about|the Inspector General|other people|Elizabeth Coleman (disambiguation)}}


'''Elizabeth A. Coleman''' was appointed [[Inspector General]] for the [[Federal Reserve System]] on May 6, 2007. As Inspector General she leads the Office of Inspector General (OIG), responsible for promoting economy, efficiency,and effectiveness within the FED Board programs and operations. The responsibilities of the OIG also include the prevention and detection of waste, fraud, and abuse at the Board of Governors of the Federal Reserve System. The OIG is supposed to achieve its mandate through audits, evaluations, investigations, legislative reviews, while keeping the Chairman of the Board and Congress fully informed.
'''Elizabeth A. Coleman''' was appointed [[Inspector General]] for the [[Federal Reserve System]] on May 6, 2007. As Inspector General she leads the Office of Inspector General (OIG), responsible for promoting economy, efficiency, and effectiveness within the FED Board programs and operations. The responsibilities of the OIG also include the prevention and detection of waste, fraud, and abuse at the Board of Governors of the Federal Reserve System. The OIG is supposed to achieve its mandate through audits, evaluations, investigations, legislative reviews, while keeping the Chairman of the Board and Congress fully informed.


Ms. Coleman started at the OIG in 1989 as a senior auditor. In 1999 she was promoted to program manager, 2001 to senior program manager and 2004 to the official staff, as the Assistant Inspector General for Communications and Quality Assurance. She reportedly has worked closely with the Executive Council on Integrity and Efficiency, a professional organization of about thirty statutory Inspectors General who are appointed by their agency heads in certain designated federal entities, including the Board.
Coleman started at the OIG in 1989 as a senior auditor. In 1999 she was promoted to program manager, 2001 to senior program manager and 2004 to the official staff, as the Assistant Inspector General for Communications and Quality Assurance. She reportedly has worked closely with the Executive Council on Integrity and Efficiency, a professional organization of about thirty statutory Inspectors General who are appointed by their agency heads in certain designated federal entities, including the Board.


Prior to joining the Board's staff, she was employed by the Government Accountability Office. Ms. Coleman has a [[Bachelor of Business Administration|BBA]] from [[James Madison University]] and is a graduate of the Stonier Graduate School of Banking, [[Georgetown University]]. She also attended the Federal Reserve System’s Trailblazers Leadership Conference. Ms. Coleman is a Certified Information Systems Auditor.<ref>
Prior to joining the board's staff, she was employed by the Government Accountability Office. Coleman has a [[Bachelor of Business Administration|BBA]] degree from [[James Madison University]] and is a graduate of the [[Stonier Graduate School of Banking]], then hosted by [[Georgetown University]]. She also attended the Federal Reserve System’s Trailblazers Leadership Conference. Ms. Coleman is a Certified Information Systems Auditor.<ref>
{{cite web |url=http://www.federalreserve.gov/oig/oig_bio.htm |title=Elizabeth A. Coleman |accessdate=3 July 2009 |publisher=Federal Reserve }}</ref>
{{cite web |url=http://www.federalreserve.gov/oig/oig_bio.htm |title=Elizabeth A. Coleman |accessdate=3 July 2009 |publisher=Federal Reserve }}</ref>


During the Financial Services Subcommittee on Oversight and Investigations hearing of May 5 2009, Ms. Coleman did not answer several questions regarding trillions of dollars of "off-balance transactions" and "extension of credit" in the balance sheet of the Federal Reserve saying that she was conducting a "review" (and not an "investigation") "at a fairly high level" and not down to the specific "details". Videos of the Hearing has been going viral over the Internet since. <ref> {{cite web |url=https://www.youtube.com/watch?v=cJqM2tFOxLQ |title=Financial Services Subcommittee on Oversight and Investigations |website=[[YouTube]] |accessdate=5 May 2009 }}</ref>
Ms. Coleman was unable to answer in a Congressional hearing about trillions of dollars lent by the Federal Reserve. A viral video of the Hearing showing her departments incompetence was very popular.<ref>
{{cite web |url=http://www.youtube.com/watch?v=cJqM2tFOxLQ |title=Financial Services Subcommittee on Oversight and Investigations |accessdate=9 May 2009 }}</ref>


==References==
==References==
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==External links==
==External links==
*[http://www.youtube.com/watch?v=cJqM2tFOxLQ&feature=channel Coleman answers questions to Alan Grayson at a Congressional hearing]
*[https://www.youtube.com/watch?v=cJqM2tFOxLQ&feature=channel Coleman answers questions to Alan Grayson at a Congressional hearing]
*[http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aXk2cMkmSbQA Bloomberg May.12.2009]
*[https://www.bloomberg.com/apps/news?pid=newsarchive&sid=aXk2cMkmSbQA Bloomberg May.12.2009]
{{Persondata <!-- Metadata: see [[Wikipedia:Persondata]]. -->
| NAME = Coleman, Elizabeth A.
| ALTERNATIVE NAMES =
| SHORT DESCRIPTION =
| DATE OF BIRTH =
| PLACE OF BIRTH =
| DATE OF DEATH =
| PLACE OF DEATH =
}}
{{DEFAULTSORT:Coleman, Elizabeth A.}}
{{DEFAULTSORT:Coleman, Elizabeth A.}}
[[Category:Year of birth missing (living people)]]
[[Category:Year of birth missing (living people)]]
[[Category:Living people]]
[[Category:Living people]]
[[Category:Federal Reserve]]
[[Category:Federal Reserve System]]
[[Category:Georgetown University alumni]]
[[Category:James Madison University alumni]]
[[Category:James Madison University alumni]]
[[Category:Georgetown University alumni]]

Latest revision as of 15:43, 4 December 2022

Elizabeth A. Coleman was appointed Inspector General for the Federal Reserve System on May 6, 2007. As Inspector General she leads the Office of Inspector General (OIG), responsible for promoting economy, efficiency, and effectiveness within the FED Board programs and operations. The responsibilities of the OIG also include the prevention and detection of waste, fraud, and abuse at the Board of Governors of the Federal Reserve System. The OIG is supposed to achieve its mandate through audits, evaluations, investigations, legislative reviews, while keeping the Chairman of the Board and Congress fully informed.

Coleman started at the OIG in 1989 as a senior auditor. In 1999 she was promoted to program manager, 2001 to senior program manager and 2004 to the official staff, as the Assistant Inspector General for Communications and Quality Assurance. She reportedly has worked closely with the Executive Council on Integrity and Efficiency, a professional organization of about thirty statutory Inspectors General who are appointed by their agency heads in certain designated federal entities, including the Board.

Prior to joining the board's staff, she was employed by the Government Accountability Office. Coleman has a BBA degree from James Madison University and is a graduate of the Stonier Graduate School of Banking, then hosted by Georgetown University. She also attended the Federal Reserve System’s Trailblazers Leadership Conference. Ms. Coleman is a Certified Information Systems Auditor.[1]

During the Financial Services Subcommittee on Oversight and Investigations hearing of May 5 2009, Ms. Coleman did not answer several questions regarding trillions of dollars of "off-balance transactions" and "extension of credit" in the balance sheet of the Federal Reserve saying that she was conducting a "review" (and not an "investigation") "at a fairly high level" and not down to the specific "details". Videos of the Hearing has been going viral over the Internet since. [2]

References

[edit]
  1. ^ "Elizabeth A. Coleman". Federal Reserve. Retrieved 3 July 2009.
  2. ^ "Financial Services Subcommittee on Oversight and Investigations". YouTube. Retrieved 5 May 2009.
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