Office of

Inspector General

Semiannual Report to the Congress

April 1 through

September 30, 2011

Number 45

October 26, 2011
Farm Credit Administration Office of Inspector General

1501 Farm Credit Drive

McLean, VA 22102-5090

(703) 883-4030

October 26, 2011

The Honorable Leland A. Strom, Chairman and Chief Executive Officer

The Honorable Kenneth A. Spearman, Board Member

The Honorable Jill Long Thompson, Board Member

Farm Credit Administration

1501 Farm Credit Drive

McLean, Virginia 22102-5090

Dear Chairman Strom and FCA Board Members Spearman and Long Thompson:

Enclosed is the semiannual report on the activities of the Farm Credit Administration’s (FCA or 

Agency) Office of Inspector General (OIG) for the period April 1 through September 30, 2011. This 

is the forty-fifth report since the establishment of the OIG on January 22, 1989. 

I am submitting this report in accordance with the Inspector General Act of 1978, as amended (IG

Act). Section 5(b) of the IG Act requires that the FCA Board send this report to the appropriate 

Congressional committees and subcommittees within 30 days after the date of this transmittal, 

accompanied by management’s report on the status of audit, inspection, and/or evaluation action 

items. 

On September 12, 2011, the OIG issued a final report on an audit of the Agency’s Approval Process 

of Funding Corporation Debt Issuances. The audit found the approval process in compliance with 

all guidelines and no action items resulted. 

The audit on the Agency’s contracting activities remained ongoing at the end of this period. The 

objective of this audit is to determine whether the FCA’s contracting environment is efficient and 

effective in acquiring products and services that provide the best value to FCA. Please refer to page 

3 for further information.

The OIG contracted with the Bureau of the Public Debt for Brown & Company CPAs, PLLC, to 

perform the audit of FCA’s financial statements for fiscal year 2011. This audit was ongoing at the 

end of this reporting period. Please refer to page 3 for further information.

Also initiated and ongoing during this period is the OIG’s annual evaluation of the Agency’s 

compliance with the Federal Information Security Management Act. This annual evaluation is 

conducted by the OIG’s Senior Information Technology Auditor. Please refer to page 3 for further 

information.
2

Ten agreed-upon actions were closed in this reporting period resulting from two reports issued in 

fiscal year 2010. First, the OIG issued a final report on July 26, 2010, of an inspection of FCA’s 

compliance with the Government in the Sunshine Act. While the inspection found the Agency 

adheres to the Sunshine Act, there was one agreed-upon action that resulted, which was closed by 

management on May 2, 2011. Second, the OIG issued a final report on September 16, 2010, of an 

inspection of FCA’s process for reviewing, tracking, and responding to Farm Credit System 

borrowers’ complaints. While the process for handling borrower complaints was determined to be 

functioning satisfactorily, ten agreed-upon actions resulted from the inspection. Nine were closed 

during this reporting period.

At the end of this period, there was one open agreed-upon action from the inspection of the 

Agency’s borrower complaint handling process. Please refer to page 4 for further information. 

During this reporting period we concluded a peer review of the Consumer Product Safety 

Commission’s Office of Inspector General’s audit function, a required periodic review. Please refer 

to page 14 for further information.

If you have any questions, please call me at 4241 or 4030. I look forward to continuing a positive 

relationship between the OIG and the FCA Board, which I view as a partnership striving to 

strengthen FCA operations.

Respectfully,

Carl A. Clinefelter

Inspector General

Enclosure
OIG SEMIANNUAL REPORT TO THE CONGRESS

APRIL 1 – SEPTEMBER 30, 2011

TABLE OF CONTENTS

EXECUTIVE SUMMARY........................................................................................ 1

BACKGROUND................................................................................................... 2

FARM CREDIT ADMINISTRATION........................................................................... 2

FARM CREDIT SYSTEM....................................................................................... 2

AUDIT, INSPECTION, AND EVALUATION REPORTS ISSUED..................................... 3

FCA’S APPROVAL PROCESS OF FUNDING CORPORATION DEBT ISSUANCES................... 3

AUDITS, INSPECTIONS, AND EVALUATIONS IN PROGRESS...................................... 3

FCA’S CONTRACTING ACTIVITIES................................................................................. 3

FY 2011 INDEPENDENT FINANCIAL STATEMENT AUDIT OF FCA..................................... 3

FY 2011 FEDERAL INFORMATION SECURITY MANAGEMENT ACT EVALUATION................ 4

STATUS OF UNIMPLEMENTED RECOMMENDATIONS............................................. 4

INVESTIGATIONS................................................................................................ 5

LEGISLATION AND REGULATIONS....................................................................... 5

OTHER ACTIVITIES............................................................................................. 6

QUARTERLY SURVEY OF FARM CREDIT SYSTEM INSTITUTIONS.................................. 6

STAFF PARTICIPATION IN ACTIVITIES WITHIN THE INSPECTOR GENERAL COMMUNITY..... 7

STAFF PARTICIPATION IN AGENCY ORGANIZATIONS................................................. 7

STAFF DEVELOPMENT........................................................................................ 7

ANNEX................................................................................................................ 8

APPENDICES

APPENDIX A – INDEX OF REPORTING REQUIREMENTS............................................. 9

APPENDIX B – AUDIT, INSPECTION, AND EVALUATION REPORTS ISSUED...................... 10

APPENDIX C – REPORTS WITH QUESTIONED COSTS............................................... 11

APPENDIX D – REPORTS WITH RECOMMENDATIONS THAT FUNDS

 BE PUT TO BETTER USE............................................................. 12

APPENDIX E – PEER REVIEWS CONDUCTED OF THIS OFFICE.................................... 13

APPENDIX F – PEER REVIEWS CONDUCTED BY THIS OFFICE..................................... 14

APPENDIX G – FCA ORGANIZATIONAL CHART......................................................... 15

APPENDIX H – OFFICE OF INSPECTOR GENERAL ORGANIZATIONAL CHART................... 16

APPENDIX I – GLOSSARY OF TERMS...................................................................... 17
OIG SEMIANNUAL REPORT TO THE CONGRESS

APRIL 1 – SEPTEMBER 30, 2011

1

EXECUTIVE SUMMARY

This Semiannual Report to the Congress summarizes the activities and 

accomplishments of the Farm Credit Administration’s (FCA or Agency) Office of 

Inspector General (OIG) for the period April 1 through September 30, 2011. The 

OIG’s efforts were directed toward implementing the OIG’s fiscal year (FY) 2011

strategic and operational plan and budget; performing audits, inspections, and 

evaluations of FCA programs and operations; conducting investigations, as 

necessary; independently and confidentially surveying Farm Credit System (FCS or 

System) institutions regarding the effectiveness of the Agency’s examination function 

and examiners; and providing objective, independent reporting and counsel to the 

FCA Board on FCA programs and operations.

During this reporting period, the OIG issued one audit report. On September 12, a 

final audit report on the Agency’s Approval Process of Funding Corporation Debt 

Issuances was issued. The audit found the approval process in compliance with all 

guidelines and no action items resulted. 

There is one open agreed-upon action at the end of this reporting period from a

report issued during a previous semiannual reporting period. See page 4 for further 

information.

The audit of the FCA’s contracting activities is ongoing as is the independent 

financial statement audit of FCA for FY 2011. The OIG contracted with the Bureau 

of the Public Debt (BPD) for Brown and Company CPAs, PLLC (Brown & Co.) to 

perform the audit of FCA’s financial statements for FY 2011. 

Also initiated and ongoing during this period is the OIG’s annual evaluation of the 

Agency’s compliance with the Federal Information Security Management Act 

(FISMA). This annual evaluation is conducted by the OIG’s Senior Information 

Technology (IT) Auditor.

Additionally, the OIG issued two quarterly reports to the Chief Examiner and FCA 

Board on results of OIG surveys of System institutions regarding the examination 

function and the examiners. These reports were for the quarters ended March 31

and June 30, 2011. 

During the period, the OIG updated and issued its Strategic and Operating 

Performance Plan and Budgets for FYs 2012-2013 (SOPP). The SOPP is on the 

OIG’s website at http://www.fca.gov/Download/InspectorGeneral/Strategic&PerformancePlans/S&OPP12-13.pdf. 

Included in the SOPP is the OIG’s Audit Plan covering FYs 2012-2013 and beyond.
OIG SEMIANNUAL REPORT TO THE CONGRESS

APRIL 1 – SEPTEMBER 30, 2011

2

The OIG maintains five positions: the Inspector General (IG), a Deputy Inspector 

General (DIG) and Counsel, a Senior Auditor, a Senior IT Auditor, and an 

Administrative Assistant. Appendix G and Appendix H reflect the organizational 

structure of FCA and the OIG, respectively.

BACKGROUND

Farm Credit Administration

The FCA is an independent Federal agency of the United States government 

responsible for the regulation and examination of FCS institutions chartered under 

the Farm Credit Act of 1971, as amended (Farm Credit Act). The FCA is also a 

“designated Federal entity” within the meaning of the Inspector General Act of 1978, 

as amended (IG Act). 

As a non-appropriated agency, FCA funds its expenses primarily through 

assessments to the institutions it regulates. The Agency’s FY 2011 budget is

$54,832,588. Assessments by FCA to FCS institutions for FY 2011 were 

$49,100,000, with other sources of funding totaling $5,732,588. The OIG’s FY 2011

budget is $1,109,149. 

At the end of this reporting period, FCA had 288 employees, about half of which are 

examiners located in five field offices. At the end of the prior semiannual reporting 

period, the Agency had 290 employees. 

Farm Credit System

The FCS is a Government-sponsored enterprise comprised of 5 Farm Credit banks

and 84 lending associations, as of September 30, 2011, in all 50 states and Puerto 

Rico that primarily make loans to agriculture. The System raises funds by selling 

securities in the national and international money markets through its special 

purpose entity, the Federal Farm Credit Banks Funding Corporation. These 

securities are not guaranteed by the U.S. Government. 

The Federal Agricultural Mortgage Corporation (Farmer Mac), also a part of the 

FCS, is chartered by the Federal government to provide a secondary market for 

agricultural mortgage loans. Farmer Mac is publicly traded and issues its own debt 

securities.

Additionally, there are four active service corporations organized under the Farm 

Credit Act that provide services to FCS entities and eligible borrowers.
OIG SEMIANNUAL REPORT TO THE CONGRESS

APRIL 1 – SEPTEMBER 30, 2011

3

AUDIT, INSPECTION, AND EVALUATION REPORTS ISSUED

The OIG conducts all audits in accordance with Government Auditing Standards 

issued by the Comptroller General of the United States for audits of Federal 

organizations, programs, activities, and functions. Inspections and evaluations are 

conducted in accordance with the Council of the Inspectors General on Integrity and 

Efficiency (CIGIE) Quality Standards for Inspections. Copies of most OIG reports 

are available on the OIG web site at www.fca.gov/home/inspector.html, or by contacting 

the OIG at (703) 883-4030, or by TTY at (703) 883-4359, or by e-mail at 

ig_information@fca.gov.

FCA’s Approval Process of Funding Corporation Debt Issuances

The OIG issued the final audit report on September 12, 2011. The audit’s objective 

was to assess whether FCA’s approval process of Funding Corporation debt 

issuances is operating efficiently and effectively and in compliance with applicable 

guidelines. The audit found that the approval process was in compliance with all 

guidelines and no action items resulted. 

AUDITS, INSPECTIONS, AND EVALUATIONS IN PROGRESS

FCA’s Contracting Activities

The audit’s objective is to determine whether the FCA's contracting environment 

is efficient and effective in acquiring products and services that provide the best 

value to FCA.

Subsequent to the end of this reporting period, the OIG issued a final draft 

report on the contracting audit to Agency management on October 18, 2011.

FY 2011 Independent Financial Statement Audit of FCA

The Accountability of Tax Dollars Act of 2002 extended to FCA and certain other 

agencies a requirement to submit to Congress and the Office of Management and 

Budget (OMB) an audited financial statement each fiscal year.

In continuing to assist the Agency in meeting these requirements, the OIG 

contracted with the BPD for Brown & Co. to perform the audit of FCA’s financial 

statements for FY 2011. The audit remained ongoing at the end of this reporting 

cycle.
OIG SEMIANNUAL REPORT TO THE CONGRESS

APRIL 1 – SEPTEMBER 30, 2011

4

FY 2011 Federal Information Security Management Act Evaluation

The evaluation of the Agency’s compliance with FISMA for FY 2011 is being 

performed by the OIG’s Senior IT Auditor, using guidelines established by FISMA, 

OMB, and the National Institute of Standards and Technology. This evaluation was

ongoing at September 30, 2011.

STATUS OF UNIMPLEMENTED RECOMMENDATIONS

At the beginning of the reporting period, there were 11 open action items resulting 

from OIG audits, inspections, or evaluation reports. Nine of the ten Borrower 

Complaint Processing action items closed during the period, and the one action item 

from the Adherence to the Government in the Sunshine Act inspection also closed. 

Audit, Inspection, and Evaluation Agreed-Upon Actions and 

Recommendations

Report Issued

Open During 

this 6-Month 

Period

Final 

Management 

Actions During 

this Period

Open on 

10/01/2011

Adherence to the 

Government in the 

Sunshine Act

7/26/2010 1 1 0

Borrower Complaint 

Processing 9/16/2010 10 9 1

Total 11 10 1

The one remaining open agreed-upon action has been open since September 16, 

2010. Management continues to work towards this action item’s implementation. It 

is administrative in nature. 
OIG SEMIANNUAL REPORT TO THE CONGRESS

APRIL 1 – SEPTEMBER 30, 2011

5

INVESTIGATIONS

No hotline calls were received alleging impropriety that would fall within the purview 

of the OIG. OIG Hotline calls and e-mails dealing with borrower complaints 

concerning FCS institutions and other FCS issues were referred to the FCA office or 

other Federal agency responsible for reviewing such matters. 

No investigations were opened during the reporting period. 

LEGISLATION AND REGULATIONS

In furtherance of the OIG’s mandate to review existing and proposed legislation and 

regulations, the IG or DIG and Counsel attends joint briefings of the FCA Board on 

regulations at the proposed and final stages. The following were reviewed by the 

DIG and Counsel:

Legislation

1) S. 241, The Non-Federal Whistleblower Protection Act

2) S. 300, Purchase and Travel Card Controls

3) S. 652, The American Infrastructure and Finance Authority

4) S. 722, Improvement of Security in Federal Buildings

5) S. 753, Whistleblower Protection Enhancement Act of 2011

6) S. 790, Training for Newly Appointed Federal Supervisors

7) S. 801, Information Technology Investment Management Act of 2011

8) S. 991 / H.R. 1949, Clean-Up Act

9) S. 1220, Fulfilling U.S. Energy Leadership Act 

10) S. 1212, Geolocational Privacy and Surveillance Act

11) S. 1222 / H.R. 2146, Digital Accountability and Transparency Act of 2011 or 

DATA Act

12) H.R. 828, 829, Requires Federal Taxes to be Paid

13) H.R. 1136, Executive Cyberspace Coordination Act of 2011

14) H.R. 1470, Federal Employee Probationary Period

15) H.R. 1823, The Criminal Code Modernization and Simplification Act of 2011

16) H.R. 1875, Building our Clean Energy Future Act of 2011
OIG SEMIANNUAL REPORT TO THE CONGRESS

APRIL 1 – SEPTEMBER 30, 2011

6

Final Rule

17) Farmer Mac Risk-Based Capital

18) Lending and Leasing and Risk Management

19) Loan Policies and Operations

20) Loan Purchases from FDIC

Proposed Rule

21) Investment Management

22) Liquidity and Funding

23) Operating and Strategic Business Planning

24) Margin and Capital Requirements for Covered Swap Entities 

Advance Notice of Proposed Rulemaking 

25) OSMO Risk Based Capital Stress Test, Version 5.0

26) Capital Adequacy – Capital Components: Basel Accord Tier 1 / Tier 2

Bookletter

27) Farm Credit System Bank Merger Applications

Informational Memorandum 

28) Amendments to Regulation M (Consumer Leasing) and Regulation Z (Truth 

in Lending)

29) Registering Mortgage Loan Originators Under the Secure and Fair 

Enforcement for Mortgage Licensing Act of 2008

OTHER ACTIVITIES

Quarterly Survey of Farm Credit System Institutions

The OIG administers an ongoing survey of FCS institutions regarding the quality and 

consistency of the Agency’s examination function and examiners. The OIG issues a 

quarterly report and, at the end of each FY, a summary report on the surveys’ results 

to the Chief Examiner and the FCA Board.

During this 6-month period, the OIG sent surveys to the Audit Committee Chairmen 

and Chief Executive Officers of 37 FCS institutions. Quarterly reports for the 3-month 

periods ended March 31 and June 30, 2011, were issued by the OIG to the Chief 

Examiner and the FCA Board. 
OIG SEMIANNUAL REPORT TO THE CONGRESS

APRIL 1 – SEPTEMBER 30, 2011

7

Staff Participation in Activities Within the Inspector General 

Community

OIG staff members are encouraged to take part in organizations that contribute to 

the mission of the Inspectors General community, as well as their individual 

professional development. Most staff members are actively involved in one or more 

professional organizations, as well as activities within the CIGIE. 

The IG serves as the Vice Chairperson of CIGIE, is a member of CIGIE’s Executive 

Council, helps chair the monthly meetings of all Inspectors General comprising 

CIGIE, and participates as a member of the CIGIE’s Inspection and Evaluation (I&E) 

Committee. 

The OIG DIG and Counsel meets monthly with counsels to the other Inspectors 

General. Counsel also attends DIG and Directors of Investigations meetings. 

Counsel also led, on behalf of CIGIE and the Council of Counsels to Inspectors 

General, the development of a course for new Offices of Inspector General 

attorneys. The course was presented for approximately 40 students on June 29, 

2011.

The OIG Senior Auditor and Senior IT Auditor attend Federal Audit Executive 

Committee meetings and conferences. The Senior Auditor participates as a 

member of the I&E Committee’s Roundtable. The Senior IT Auditor is actively 

involved in the IT Subcommittee of the Federal Audit Executive Committee and 

attends local ISACA (formerly known as Information Security and Control 

Association) meetings. 

Staff Participation in Agency Organizations

OIG employees are active on Agency workgroups and task forces, as appropriate. 

Staff Development

OIG employees continually seek ways to improve skills and become knowledgeable 

in the initiatives of the community of Inspectors General. Audit and legal staff must 

meet continuing education requirements. Individual development plans are used to 

identify long and short-term career goals along with specific training and 

developmental needs. These plans are geared to enhance individual skills in the 

performance of official duties and meet the criteria needed to achieve OIG 

performance goals and objectives.
OIG SEMIANNUAL REPORT TO THE CONGRESS

APRIL 1 – SEPTEMBER 30, 2011

8

ANNEX

This annex is provided in accordance with the National Defense Authorization Act for 

FY 2008. 

This referenced statute requires all Inspectors General appointed under the IG Act to 

include an annex to their semiannual reports as follows:

1) listing all contract audit reports issued during the reporting period containing 

significant audit findings; 

2) briefly describing the significant audit findings in the report; and 

3) specifying the amounts of costs identified in the report as unsupported, 

questioned, or disallowed. 

Significant audit findings are defined as unsupported, questioned, or disallowed 

costs in excess of $10,000,000, or other findings that the Inspector General 

determines to be significant. It defines contracts as a contract, an order placed 

under a task or delivery order contract, or a subcontract.

No contract audit reports meeting these criteria were issued on behalf of the OIG 

during this reporting period.
OIG SEMIANNUAL REPORT TO THE CONGRESS

APRIL 1 – SEPTEMBER 30, 2011

9

APPENDIX A

INDEX OF REPORTING REQUIREMENTS Page

Section 4(a)(2) Review of Legislation and Regulations 5 – 6

Section 5(a)(1) Significant Problems, Abuses, and Deficiencies None

Section 5(a)(2) Recommendations for Corrective Action None

Section 5(a)(3) Prior Recommendations Not Yet Implemented 4

Section 5(a)(4) Matters Referred to Prosecutive Authorities None

Section 5(a)(5) Summary of Instances Where Information Was Unreasonably 

Refused or Not Provided None

Section 5(a)(6) List of OIG Audit/Inspection Reports Issued During the Period 3 

Section 5(a)(7) Summary of Significant Reports Issued During the Period 3

Section 5(a)(8) Statistical Table on Management Decisions with Questioned Costs 11

Section 5(a)(9) Statistical Table on Management Decisions on Recommendations 

that Funds be put to Better Use 12

Section 5(a)(10) Summary of Each Audit Over Six Months Old for Which No 

Management Decision Has Been Made None

Section 5(a)(11) Significant Revised Management Decisions None

Section 5(a)(12) Significant Management Decisions with Which the Inspector 

General Disagreed None

Section 5(a)(13) Compliance of Agency Financial Management System 3

Section 5(a)(14)(15) Peer Reviews Conducted of this OIG 13

Section 5(a)(16) Peer Reviews Conducted by this OIG 14

FY 2008 NATIONAL DEFENSE AUTHORIZATION ACT CITATION 

AND REQUIREMENT Page

Section 845 Review of Legislation and Regulations 5 - 6
OIG SEMIANNUAL REPORT TO THE CONGRESS

APRIL 1 – SEPTEMBER 30, 2011

10

 

APPENDIX B

Audit, Inspection, and Evaluation Reports Issued

Title of Report

Number of Agreed 

Upon Actions/

Recommendations

Questioned 

Costs

Recommendations 

That Funds Be Put 

to Better Use

Approval Process of Funding 

Corporation Debt Issuances 0 $ 0 $ 0

Total 0 $ 0 $ 0
OIG SEMIANNUAL REPORT TO THE CONGRESS

APRIL 1 – SEPTEMBER 30, 2011

11

APPENDIX C

Reports with Questioned Costs

Number Dollar Value

Reports Recommendations

Questioned 

Costs

Unsupported 

Costs

A. For which no management decision has 

been made by the commencement of 

the reporting period

B. Which were issued during the reporting 

period

Subtotals (A+B)

C. For which a management decision was 

made during the reporting period

(i) dollar value of disallowed costs

(ii) dollar value of costs not disallowed

D. For which no management decision has 

been made by the end of the reporting 

period

E. For which no management decision was 

made within six months of issuance

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

$ 0

$ 0

$ 0

$ 0

$ 0

$ 0

$ 0

$ 0

$ 0

$ 0

$ 0

$ 0

$ 0

$ 0

$ 0

$ 0
OIG SEMIANNUAL REPORT TO THE CONGRESS

APRIL 1 – SEPTEMBER 30, 2011

12

APPENDIX D

Reports with Recommendations that Funds be Put to Better Use

Number of 

Reports

Number of 

Recommendations Dollar Value

A. For which no management decision has been 

made by the commencement of the reporting 

period

0 0 $ 0

B. Which were issued during the reporting period 0 0 $ 0

Subtotals (A + B) 0 0 $ 0

C. For which a management decision was made 

during the reporting period 0 0 $ 0

(i) dollar value of recommendations that 

were agreed to by management 0 0 $ 0

--based on proposed management action 0 0 $ 0

--based on proposed legislative action 0 0 $ 0

(ii) dollar value of recommendations that 

were not agreed to by management 0 0 $ 0

D. For which no management decision has been 

made by the end of the reporting period 0 0 $ 0

E. For which no management decision was made 

within six months of issuance 0 0 $ 0
OIG SEMIANNUAL REPORT TO THE CONGRESS

APRIL 1 – SEPTEMBER 30, 2011

13

APPENDIX E

Peer Reviews Conducted of this Office

Peer Review Performed By Date of Report Function 

Reviewed

Peer 

Review 

Rating

U.S. Commodity Futures Trading Commission

Office of Inspector General February 4, 2011 Audit Pass

U.S. Security and Exchange Commission

Office of Inspector General December 26, 2007 Investigations Pass
OIG SEMIANNUAL REPORT TO THE CONGRESS

APRIL 1 – SEPTEMBER 30, 2011

14

APPENDIX F

Peer Reviews Conducted by this Office

Peer Review Of Date of Report Function 

Reviewed

Peer Review 

Rating

Consumer Product Safety Commission (CPSC)

Office of Inspector General May 23, 2011 Audit Pass

The chart below summarizes the status of recommendations made from the prior peer review of 

the CPSC OIG’s audit function at the conclusion of our fieldwork. 

Status of Prior Peer Review Recommendations

Of CPSC OIG’s Audit Function

Number of 

Recommendations

A. Corrective Action Completed

B. Recommendations Not Fully Implemented

C. Outstanding Recommendations

D. Total Recommendations

2

4

1

7
OIG SEMIANNUAL REPORT TO THE CONGRESS

APRIL 1 – SEPTEMBER 30, 2011

15

APPENDIX G 

FCA Organizational Chart

Board

Farm Credit Administration Board

Leland A. Strom, Chairman

Kenneth A. Spearman, Member

Jill Long Thompson, Member

Office of the Chairman 

and CEO

Leland A. Strom

Office of the Chief 

Operating Officer

William J. Hoffman

Office of 

Inspector General1

Carl A. Clinefelter

Special Advisor YBS & 

Local Food Systems

Mark Johansen

Office of 

Congressional and 

Public Affairs

Michael A. Stokke2 

Office of Secondary 

Market Oversight3

Laurie A. Rea

Office of Examination

S. Robert Coleman

Office of 

Regulatory Policy

Gary K. Van Meter

Office of 

General Counsel4

Charles R. Rawls

Office of Management 

Services

Stephen G. Smith

1

The Dodd-Frank Wall Street and Consumer Protection Act, Public Law 111-203, amended the Inspector General Act, 5 U.S.C. App 3, 

changing the meaning of “head of the designated Federal entity.” The effect is that the Inspector General now reports to the FCA Board. 

Prior to the amendment, the FCA Chairman was the “head of the designated Federal entity” under the IG Act and the IG reported to the 

Chairman.

2 Serves as Executive Assistant to the Chairman. 

3 Reports to the Board for policy and to the CEO for administration.

4 Maintains a confidential advisory relationship with each of the Board members.

Secretary to the Board

Dale L. Aultman

Equal Employment 

and Inclusion Director

Thais Mootz

Designated Agency 

Ethics Official

Wendy R. Laguarda
OIG SEMIANNUAL REPORT TO THE CONGRESS

APRIL 1 – SEPTEMBER 30, 2011

16

APPENDIX H

Office of Inspector General Organizational Chart

Carl C

 December 9, 2010

Carl A. Clinefelter, Inspector General Date

Inspector General

Carl A. Clinefelter

Deputy Inspector 

General and Counsel

Elizabeth M. Dean

Senior Auditor

Veronica G. McCain

Senior IT Auditor

Tammy F. Rapp

Administrative 

Assistant

Debra M. Miller
OIG SEMIANNUAL REPORT TO THE CONGRESS

APRIL 1 – SEPTEMBER 30, 2011

17

APPENDIX I

Glossary of Terms

Agency – Farm Credit Administration

BPD – Bureau of the Public Debt

Brown & Co. – Brown & Company CPAs, PLLC

CIGIE – Council of the Inspectors General on Integrity and Efficiency

CPSC OIG – Consumer Product Safety Commission Office of Inspector General

DIG – Deputy Inspector General

Farm Credit Act – Farm Credit Act of 1971, as amended

Farmer Mac – Federal Agricultural Mortgage Corporation

FCA – Farm Credit Administration

FCS – Farm Credit System 

FISMA – Federal Information Security Management Act

FY – Fiscal Year

H.R. – House Resolution

IG – Inspector General

IG Act – Inspector General Act of 1978, as amended

I&E – Inspection and Evaluation

ISACA – Information Security and Control Association

IT – Information Technology 

OE – Office of Examination

OIG – Office of Inspector General

OMB – Office of Management and Budget

PAR – Performance Accountability Report

System – Farm Credit System
OIG SEMIANNUAL REPORT TO THE CONGRESS

APRIL 1 – SEPTEMBER 30, 2011

18

REPORT

Fraud | Waste | Abuse | Mismanagement

FARM CREDIT ADMINISTRATION

OFFICE OF INSPECTOR GENERAL

• Phone: Toll Free (800) 437-7322; (703) 883-4316

• Fax: (703) 883-4059

• E-mail: fca-ig-hotline@rcn.com

• Mail: Farm Credit Administration

Office of Inspector General

1501 Farm Credit Drive

McLean, VA 22102-5090