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Title 12 — Banks and Banking

Chapter 3 — Federal Reserve System

§ 248b. Annual independent audits of Federal reserve banks and Board

Statutory text

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

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

  1. Pub. L. 106–102 title VII § 726 · 113 Stat. 1338

    Enacted · 12 U.S.C. § 248b

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

    Source evidence

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

    Enacted provision · exact public law section
    SEC. 726. FEDERAL RESERVE AUDITS. The Federal Reserve Act (12 U.S.C. 221 et seq.) is amended by inserting after section 11A the following new section: “SEC. 11B. ANNUAL INDEPENDENT AUDITS OF FEDERAL RESERVE BANKS AND BOARD. “The Board shall order an annual independent audit of the financial statements of each Federal reserve bank and the Board.”.

1 of 1 references resolved to an enrolled provision

Credits

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

Parsed from the official OLRC USLM XML in data/usc_all/usc12.xml · release point 119-108 · OLRC build 2026-07-23

USLM identifier /us/usc/t12/s248b