About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

088952 1 (1972-10-19)

handle is hein.gao/gaobacuxo0001 and id is 1 raw text is: UNITED STATES GENERAL ACCOUNTING OFFICE REGIONAL OFFICE OU 2006 WASHINGTON BOULEVARD BUILDING 234 STATE STREET DETROIT, MICHIGAN 48226 1 5 0 CT 1972 Mr Robert P Havo, President Federal Reserve Bank of Chicago 230 South LaSalle Street Chicago, Illinois 60690 Dear Mr Mayo We have reviewed the activities of the Detroit Branch of the Federal Reserve Bank of Chicago -- specifically the cancellation, verification, destruction, and accounting for currency unfit for circulation The review, comnleted in September 1972, was made pursuant to Public Law 89-427, approved May 20, 1066 Our review was directed primarily toward an evaluation of (1) the existing controls over the cancellation, verifi- cation, and destruction of unfit currency, (2) the ielated accounting and other records, and (3) the reports and sup- porting workpapers for several audits made by the General Auditor We are pleased to report that the Detroit Branch of the Federal Reserve Bank of Chicago is comnlying with the procedures in the Federal Reserve Currency Manual, revised March 1969, and changes thereto, issued by the Department of the Treasury for the above activities nur examination did not disclose any significant deficiencies or weaknesses in administrative procedures or controls We wish to express our annreciation for the coopera- tion extended our representatives during the review A copy of this letter is being forwarded to the Detroit Branch and also to the Xssistant Deputy Treasurer of the United States Sincerely yours, C Hf Moore Regional Manager

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most