Full text of Mimeograph Letters and Statements of the Board : Letter From Secretary Morrill re Certificate of Audit of Accounts of the Board, Number X-9711, Volume 45, Page 182

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188

BOARD OF G O V E R N O R S
• F THE

X-9711

FEDERAL RESERVE SYSTEM
WASHINGTON
ADDRESS

OFFICIAL C O R R E S P O N D E N C E
TO T H E

October 6, 1836.

Dear Sir:
Referring to the Board's letter of July
26, 1955 (X-9271), with respect to the audit of
the accounts of the Fiscal Agent of the Board 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 April 19 to September 19,
1956, inclusive.
Very truly yours,

j
Cheater Morrill,
Secretary.

Inclosure.
TO ALL PRESIDENTS.

y~)

BOARD

X-9711-a

I, F. V. Grayson, hereby certify:
(a)

That 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 ReserveSystem - 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 April 19 to September 19, 1956, inclusive.

(b)

That all cash receipts received by the Board as shown by
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 System - Special Fund" except schedules Nos. 1018 and 1019,
totaling #45.80.

(c)

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
System - Special Fund" and "Board of Governors of the Federal
Reserve System - Building Account."

(d)

That each expenditure made by the Fiscal Agent was properly authorized by an administrative officer of the Board.

(e)

That the items of receipts and expenditures shown by the
books of the Fiscal Agen-o 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.

(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 books of the Federal Reserve Bank
of Richmond as certified by the auditor of that bank.

(g)

That all "Transfers of Funds" have been properly authorized by the Chairman or Vice Chairman of the Board.
Respectfully submitted,
(Signed)

F. V. Grayson

Auditor.
October 2, 1936.