Title 31, Money and FinanceRelease 119-102
§3305 Audits of Depositaries
Title 31 › SUBTITLE III — FINANCIAL MANAGEMENT › CHAPTER 33 — DEPOSITING, KEEPING, AND PAYING MONEY › SUBCHAPTER I — DEPOSITS AND DEPOSITARIES › § 3305
Summary
The Treasury Secretary or someone they choose may audit a government depositary and must review its records, accounts, reports, cash on hand, and how that cash is kept.
Full Legal Text
Title 31, §3305
Money and Finance, Source: USLM XML via OLRC
The Secretary of the Treasury, or an officer, employee, or agent designated by the Secretary, may audit a depositary of public money. For uniformity and accuracy in accounts and safety of public money, an individual conducting an audit shall audit a depositary’s—
(1)books;
(2)accounts;
(3)returns; and
(4)public money on hand and the way the money is kept.
Legislative History
Notes & Related Subsidiaries
Historical and Revision Notes
Revised SectionSource (U.S. Code)Source (Statutes at Large) 330531:548.R.S. § 3649. In the section, before clause (1), the words “or an officer, employee, or agent designated by the Secretary” are substituted for “and for that purpose to appoint special agents, as occasion may require” for clarity and consistency. The words “may audit a depositary of public money” are substituted for “is authorized to cause examinations to be made of the books, accounts and money on hand, of the several depositaries” to eliminate unnecessary words and for consistency. The words “with such compensation, not exceeding $6 per day and traveling expenses, as he may think reasonable, to be fixed and declared at the time of each appointment” are omitted as superseded by 5:3109 and ch. 57. The words “be instructed to” and “as well” are omitted as surplus.
Reference
Citations & Metadata
Citation
31 U.S.C. § 3305
Title 31, Money and Finance
Last Updated
Aug 21, 2026
Release point: 119-102