Federal Reserve Board releases annual audited financial statements
EDT
The Federal Reserve Board on Friday released annual audited
financial statements for the Federal Reserve System for 2024. An
independent accounting firm issued unqualified opinions, asserting
that its audit found no material misstatements in accordance with
applicable auditing standards.
The Board released audited
individual and combined statements for the 12 Federal Reserve Banks,
the Board, and one limited liability company (LLC), relating to the
Board's response to the COVID-19 pandemic. The audited financial
statements provide information about assets, liabilities, and
operations as of December 31, 2024.
The Federal Reserve
Act requires the Board to order an annual independent audit of the
financial statements of each Reserve Bank and the Board. The Board
engaged KPMG LLP, a public accounting firm, to audit the financial
statements of the Federal Reserve System in accordance with applicable
standards. The firm also conducted audits of internal controls over
financial reporting for the 12 individual Reserve Banks and the Board.
In addition to annual audited financial statements, the Board
also publishes a weekly comprehensive balance sheet and quarterly
financial reports.
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[email protected] or call 202-452-2955. Last Update: March 21, 2025