12 U.S.C. § 248b — Annual independent audits of Federal reserve banks and Board

submitted 113 years ago by Pub. L. 106-102 to r/title-12-BANKS-AND-BANKING · 20 words · no verdicts yet

in plain englishAI-generated · not legal advice

The Federal Reserve Board must order an independent audit every year. The audit covers the financial statements of each Federal Reserve bank and of the Board itself.

The Board must order an annual independent audit of the financial statements of each Federal Reserve bank and of the Board.

the actual law source: uscode.house.gov ↗public domain

The Board shall order an annual independent audit of the financial statements of each Federal reserve bank and the Board.

Source credit: (Dec. 23, 1913, ch. 6, § 11B, as added Pub. L. 106–102, title VII, § 726, Nov. 12, 1999, 113 Stat. 1475.)

history & why it existsrecord from the source credit

1913Enacted · Pub. L. 106-102 · 113 Stat. 1475

A history note hasn’t been published yet. The record shows enactment by Pub. L. 106-102 on 1913-12-23.

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