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.
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.)