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75
BOARD OF GOVERNORS
R-179
OF' THE
FEDERAL RESERVE SYSTEM
WASHINI3TCN
AOORESB OFFICIAL. CORRESPONDENCE
TO THE BOARD
February 2, 1938.
Dear Sir:
Referring to thEJ Board's l8tter of July
26, 1935 (X-9271), with respect to the audit of
the accounts of the Fiscal Agent of the Board of
Governors by the auditor of the Federal Reserve
Bank of Cleveland, there is transmitted herewith,
for your information, a copy of the auditor's certificate in connection with his audit of the Board's
accounts for the period August 1 to
December 31,
1937, inclus:i.ve.
Very truly yours,
Chester Morrill,
S-ecretary.
Inclosure.
TO 'l:HE PRESIDEN'rS OF ALL FEDERAL RESEHVE BAJ\"'KS.
R-179-a
76
I, F. V. Grayson, hereby certify:
{a)
That a complete audit has been made of all entries in the
accounts, "Board of Governors of the Federal Reserve System Special Fund", "Board of Governors of the Federal Reserve
System-Building Account", "Board of Governors of the Federal
Reserve System-:Fiscal Agent", and "Board of Governors of the
Federal Reserve System-Fiscal Agent Building Account", for the
period August l to December 31, 1937, inclusive, which completes
an audit of the accounts for the full year of 193'7.
{b)
'l'hat all cash receipts received by the Board as shm'>"TT by
the "Collection Schedules" furnished the :B'iscal Agent by the
Secretary's office have been deposited by the Fiscal Agent and
pronerly credited by the rederal Reserve Bank of Richmond in
the account, "Board of Governors of the Federal Reserve SystemSpecial Fund" except several schedules totaling $582.41 which
were forwarded too .late to be credited :in December, but were
credited in Januery, 1938.
(c)
That all remittances made direct to the Richmond bank for
the aceount of the Board of Governors of the Federal Reserve
System by the Federal Reserve banks and others in compliance
with the Board's instructions have been properly credited to
the accounts, "Board of Governors of the Federal Reserve System-Special Fund" and "Board of Governors of the Federal Reserve System-Building Account."
{d)
That each expenditure made by the Ji'iscal Agent was properly authorized by an administrative officer of the Board.
(e)
That the items of receipts and expenditures sho1Nn by the
books of the Fiscal Agent have been reconciled with the items
shoVv-n in the statements of the Board of Governors of the F'ederal Reser7e System's accounts prepared by the Federal Reserve
Bank of Richmond.
(f)
That the balances in each account as shown by the books
of the Fiscal Agent have been reconciled with the balances
standing to the credit of the Board of Governors of the Federal Reserve System on the boolcs of the :Federal Reserve Bank
of Ricr~ond as certified by the auditor of that bank.
(g)
That all "Transfers of Funds" have been properly authorized. by the Secretary of the Board or a member of the Board.
Respt;ctfully submitted,
(Signed)
January 31, 1938
F. V. Grayson
Auditor
@FedFRASER