Title 12, Banks and BankingRelease 119-102
§248b Annual Independent Audits of Federal Reserve Banks and Board
Title 12 › CHAPTER 3 — FEDERAL RESERVE SYSTEM › SUBCHAPTER II — BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM › § 248b
Summary
Every year, the Board must arrange for an independent audit of the financial statements of each Federal Reserve Bank and of the Board itself.
Full Legal Text
Title 12, §248b
Banks and Banking, Source: USLM XML via OLRC
The Board shall order an annual independent audit of the financial statements of each Federal reserve bank and the Board.
Reference
Citations & Metadata
Citation
12 U.S.C. § 248b
Title 12, Banks and Banking
Last Updated
Aug 21, 2026
Release point: 119-102