12 USC § 248b - Annual independent audits of Federal reserve banks and Board
---
identifier: "/us/usc/t12/s248b"
source: "usc"
legal_status: "official_prima_facie"
title: "12 USC § 248b - Annual independent audits of Federal reserve banks and Board"
title_number: 12
title_name: "BANKS AND BANKING"
section_number: "248b"
section_name: "Annual independent audits of Federal reserve banks and Board"
chapter_number: 3
chapter_name: "FEDERAL RESERVE SYSTEM"
subchapter_number: "II"
subchapter_name: "BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Dec. 23, 1913, ch. 6, § 11B, as added Pub. L. 106–102, title VII, § 726, Nov. 12, 1999, 113 Stat. 1475.)"
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# § 248b. 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.
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**Source Credit**: (Dec. 23, 1913, ch. 6, § 11B, as added Pub. L. 106–102, title VII, § 726, Nov. 12, 1999, 113 Stat. 1475.)