Federal Reserve System publishes annual financial statements

The Federal Reserve System on Monday released the 2020 combined annual audited financial statements for the Federal Reserve Banks, as well as statements for the 12 individual Federal Reserve Banks, the Board of Governors, and five limited liability companies (LLC's) that manage and operate some of the credit facilities established by the Board in response to the COVID-19 pandemic. An independent public accounting firm engaged by the Board has issued unqualified opinions on the financial statements and on the Board's and each Bank's internal controls over


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