Full text of Mimeograph Letters and Statements of the Board : Letter From Secretary Morrill re Certificate of Audit of Accounts of Federal Reserve Board and Summary of Procedure, Number X-9357, Volume 43, Page 325

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FEDERAL RESERVE BOARD
WASHINGTON
X-9357

ADDRESS OFFICIAL CORRESPONDENCE TO
THE FEDERAL RESERVE BOARD

November 5, 1935.

Dear Sir:
With the Board's letter of July 26, 1955, X-9271,
there were sent to you a summary prepared by the Auditor
of the Federal Reserve Bank of Cleveland of audit procedure and a copy of certificate covering the audit of
the accounts of the Fiscal Agent of the Board of Governors
of the Federal Reserve System as of June 29, 1935.

In

that letter you were advised that e copy of the certificate received from the auditor in connection with future
audits would be sent to each Federal reserve bank.
An audit of the Board's accounts was ma.de as
of October 19, for the period from July 1 to October 19,
1935, and a copy of the auditor's certificate is attached.
Very truly yours,

Chester Morrill,
Secretary.
Attachment
TO THE CHAIRMEN OF ALL FEDERAL RESERVE BANKS,



C 0 £ t

X-9357-a

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
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 July 1 to October 19, 1955
inclusive.
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 No. 750 for
11.20 and No. 751 for $82.49 which were forwarded with
deposit letter dated October 21, totaling $231.51 which was
credited by the Richmond bank on October 25, 1955.
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 Bank and others in (
compliance with the Board's instructions have been properly
credited in the accounts, "Board of Governors of the
Federal Reserve System-Special 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 a member of the Board's Executive Committee.
Respectfully submitted,
October 31, 1955




(Signed)

F. V. Grayson

Auditor