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Federal Reserve System Audits

By Bowsher, Charles A.

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Book Id: WPLBN0000078966
Format Type: PDF eBook
File Size: 0.9 MB
Reproduction Date: 2005
Full Text

Title: Federal Reserve System Audits  
Author: Bowsher, Charles A.
Language: English
Subject: Government publications, Accountability in government, United States. General Accounting Office
Collections: Government Library Collection, Government Accountability Integrity Reliability Office Collection
Publication Date:
Publisher: United States General Accounting Office (Gao)


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Bowsher, C. A. (n.d.). Federal Reserve System Audits. Retrieved from

Government Accountability Integrity Reliability Office Collection

Excerpt: We are pleased to be here to discuss the limits of our audit authority over the Federal Reserve System. My remarks principally will concern the provisions of section 3 of H.R. 28 which would remove all restrictions on our authority to examine Federal Reserve activities. Currently, we lack audit authority over the Federal Reserve's monetary policy, foreign transactions, and Federal Open Market Committee (FOMC) operations.


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