Print it, Sign it, Stamp it, Mail it on Monday, August 24th!
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As of 1:00 PM, August 24th
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Staffers are more likely to open a letter if it has a return address on it!
Many say the Federal Reserve has never been audited, but the proper phrasing should be that the Federal Reserve has never been subject to a true audit.
Here is what is currently in section 714 of the US Code - Audit of Federal Reserve banks:
(b) Under regulations of the Comptroller General, the Comptroller General shall audit an agency, but may carry out an onsite examination of an open insured bank or bank holding company only if the appropriate agency has consented in writing. Audits of the Federal Reserve Board and Federal reserve banks may NOT include —
(1) transactions for or with a foreign central bank, government of a foreign country, or nonprivate international financing organization;
(2) deliberations, decisions, or actions on monetary policy matters, including discount window operations, reserves of member banks, securities credit, interest on deposits, and open market operations;
(3) transactions made under the direction of the Federal Open Market Committee; or
(4) a part of a discussion or communication among or between members of the Board of Governors and officers and employees of the Federal Reserve System related to clauses (1)–(3) of this subsection.
