Federal Deposit Insurance Corporation
Office of Inspector General
Federal Deposit Insurance Corporation - Office of Inspector General

Historical Record

Our office has evolved from its earliest composition as a group of internal audit and investigative staff to an office now headed by a Presidentially appointed and Senate confirmed IG, comprised of a skilled staff of auditors, evaluators, attorneys, analysts, human resource specialists, IT professionals, and special agents with full law enforcement authority.  

On March 14, 1989, an FDIC Board resolution recognized that the Inspector General Act Amendments of 1988 required the Corporation to establish an OIG with an IG who functions under the general supervision of the Chairman, and established that position as of April 17 of that year.  The FDIC’s former Office of Corporate Audits and Internal Investigations (OCAII) was re-designated the OIG.  The Director of OCAII became Inspector General, and the incumbent Director, Robert Hoffman, was designated Acting IG and then IG.  Mr. Hoffman retired in 1993 and James Renick was selected by Acting Chairman Andrew “Skip” Hove to serve as IG.   

In 1993, the Congress designated the IG position at the FDIC as a Presidential appointment, and Mr. Renick was named as Acting IG.  On April 29, 1996, Gaston L. Gianni, Jr. became the FDIC’s first IG appointed by the President.  Jon Rymer was sworn in as the second presidentially appointed IG on July 5, 2006 and resigned to become the Department of Defense IG on September 27, 2013.  Fred W. Gibson, Jr. was named Acting IG following Mr. Rymer’s departure and served in that capacity for more than 3 years.  On January 9, 2017, Jay N. Lerner was sworn in as the FDIC Inspector General, and Mr. Gibson assumed his former role as Principal Deputy Inspector General.

Year Event

1974

The Office of Management Systems and Financial Audits consisted of eight people and was headed by Robert E. Barnett—who later became Chairman of the FDIC.  This office conducted all audits and information technology operations for the Corporation.  No Audit Committee existed and staff did not work under professional accounting and auditing and U.S. Government Accountability Office standards.

October 1975

The office became the Office of Corporate Audits, and, by 1979, began developing an investigative function.

December 6, 1982

In a Board Resolution, the responsibilities of the Office of Corporate Audits were redefined and the name was changed to Office of Corporate Audits and Internal Investigations (OCAII).  The office reported to the Appointive Director (that is—the Director representing the political party not in power at the time) and the Budget and Management Committee—comprised of Division and Office heads from the Corporation.  This organizational relationship did not prove to be an ideal one.

May 18, 1984

A Board resolution established that OCAII would report to the Chairman and laid out the responsibilities of a new Audit Committee.

April 17, 1989

The provisions of a Board Resolution that was signed on March 14, 1989, became effective.  This resolution recognized that the Inspector General Act Amendments of 1988 required the Corporation to establish an Office of Inspector General (OIG) with an Inspector General (IG) who would function under the general supervision of the Chairman.  OCAII was redesignated the OIG.  The position of Director of OCAII became Inspector General, and the incumbent Director, Robert Hoffman, was designated Acting IG and then IG.

August 1989

The Financial Institutions Reform, Recovery, and Enforcement Act of 1989 established that the Federal Home Loan Bank Board (FHLBB) OIG would merge with the FDIC OIG.  By October 1989, many FHLBB staff had joined the FDIC.

1993

Robert Hoffman retired and James Renick was selected by Acting Chairman Andrew C. Hove, Jr. to serve as Inspector General.

December 17, 1993

Congress amended the IG Act through passage of the Resolution Trust Corporation (RTC) Completion Act, which included designating the IG position at the FDIC a Presidential appointment.  James Renick began to serve as Acting Inspector General.

January 1, 1996

The RTC’s sunset in December 1995 led to a number of RTC OIG staff merging back into the FDIC OIG.

April 29, 1996

Gaston L. Gianni, Jr. became the FDIC’s first presidentially appointed IG, appointed by President William J. Clinton.

December 2004

Gaston L. Gianni, Jr. retired from federal service and named Patricia M. Black, his Deputy IG, as Acting IG.

January 2005

Patricia Black began service as Deputy and Acting IG.

February 14, 2006

Jon T. Rymer was nominated by President George W. Bush to be FDIC IG.

June 22, 2006

Jon T. Rymer was confirmed by the Senate as FDIC IG.

July 5, 2006

Jon T. Rymer was sworn in as FDIC IG.

September 27, 2013

Jon Rymer resigned as FDIC IG to become Department of Defense IG and named Principal Deputy IG, Fred W. Gibson, Jr. as Acting IG.

April 17, 2014

25th Anniversary of FDIC OIG.

January 9, 2017 Jay N.  Lerner was sworn in as the third Presidentially-appointed FDIC IG.
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