A bill to require the General Accounting Office to audit the Board of Governors of the Federal Reserve System, the Federal Advisory Council, the Federal Open Market Committee, and Federal Reserve banks and their branches.

Summary

Directs the Comptroller General to audit, each fiscal year, the Federal Reserve Board, the Federal Advisory Council, the Federal Open Market Committee, and all Federal Reserve banks and their branches. Requires the Comptroller General, within six months after the end of each fiscal year, to report to the Congress on the results of such audit. Requires the report to include recommendations for improving efficiency in the entities audited and to include any undertaking which, in the opinion of the Comptroller General, has been carried on without authority of law.

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Documents

1 official file

• Introduced in Senate

  summary · EN · 1 May 1987

  Open at official source

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