Full text of Mimeograph Letters and Statements of the Board : Letter From Secretary Morrill re Auditor's Certificate of the Board's Accounts, January 1 - April 18, 1936, Number X-9586, Volume 44, Page 552

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B O A R D OF G O V E R N O R S

A-9586

552

OF THE

FEDERAL RESERVE SYSTEM
WASHINGTON

May 14, 1936.

address

official
to

the

c o r r e s p o n d e n c e
board

Dear Sir:
Referring to the Board's letter of July 26, 1935 (X-9271),
in regard to the quarterly audit of the books and records of the
Board's Fiscal Agent 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 January 1 to April
18, 1956, inclusive.
For your further information in this regard, the Board
is today addressing a letter to the Auditor of the Federal Reserve Bank of Cleveland approving his recommendation that audits
of the Board's books ahd accounts be limited to three in each
calendar year, one to be made at the close of each year and the
other two at irregular dates.
Very truly yours,

Chester Morrill,
Secretary.
Inclosure.
 TO ALL


CHAIRMEN.

X-9586

I, F. V. Grayson, hereby certify:
That a complete audit has been made of all entries in the
accounts, "Board of Governors of the Federal Reserve SystemSpecial 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 January 1 to April 18, 1936, inclusive.
That all cash receipts received by the Board as shovm try
the "Collection Schedules" furnished the Fiscal Agent by the
Secretary's office have been deposited by the Fiscal Agent and
properly credited by the Federal Reserve Bank of Richmond in
the account, "Board of Governors of the Federal Reserve S>ystemSpecial Fund" except schedules Nos. 888 to 892 inclusive totaling $5,070.97 which according to the Richmond bank's availability schedule are to be credited on April 20 and April 24.
That all remittances made direct to the Richmond bank for
the account 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 SystemSpecial Fund" and "Board of Governors of the Federal Reserve
System-Building Account."
That each expenditure made by the Fiscal Agent was properly
authorized by an administrative officer of the Board.
That the items of receipts and expenditures shown by the
books of the Fiscal Agent have been reconciled with the items
shown in the statements of the Board of Governors of the Federal
Reserve System's accounts prepared by the Federal Reserve Bank
of Richmond.
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 books of the Federal Reserve Bank of Richmond as
certified by the auditor of that bank.
That all "Transfers of funds" have been properly authorized
by the Chairman or Chairman pro-tem of the Board.
Respectfully submitted,
(Signed) F. V. Grayson
May 4, 1956



Auditor