Here is your Audit of the Federal Reserve!
by Walter Burien - 06/21/09

Gee, it appears everyone recently is looking for an audit of the Federal Reserve to be done, why look or wait any longer, here it is!

All you had to do was ask, they have provided one each year for the last 96 years.

Here is for 2008 - http://cafr1.com/STATES/FEDERAL-RESERVE/FR2008AR.pdf

Here is for 2007 - http://cafr1.com/STATES/FEDERAL-RESERVE/FR2007CAFR.pdf 

Here is for 2006 - http://cafr1.com/STATES/FEDERAL-RESERVE/FR2006CAFR.pdf

To get to the meat of the matter, scroll down 2/3rds the way through the report on each until you get to the statistical section. There you will see as to collective numbers. Most of the numbers are noted as being in "millions" so add six (6) zeros. After you look there then go back up in the report and it is very informative reading on the preceding pages.

I NOTE: What really caught my eye was in the 2008  report, page 418, under "Loans and other credit extensions" the increases starting in September through Oct, Nov, Dec, of 2008, WOW, stands out above all other aspects in the 2008 report, and broke all the standards from previous monthly activity in 07, 06 and before.  There you will see a 400% to 700% increase over the monthly standard previously shown. My must they have gotten some pretty big fish on the hook...

Wonder what the numbers look like in the beginning months of 2009? Somebody on the hook to the FR is going to be paying back some pretty hefty numbers for quite some time..

Again, audit the Federal Reserve banks you say, well here it is. The Federal Reserve's Annual Report "is an audit" of the Federal Reserve as noted and signed off upon by several independent parties as noted in the report.

To date I have not been able to figure out why several other parties have been pushing for a "special bill" to audit the Federal Reserve System when all they have to do is download it.

Maybe they want an audit of the audit?

Hope the Federal Reserve Banks haven't over extended themselves, but then with a trillion here and a trillion there of taxpayer revenue available to them, probably not.


Sent FYI from - Walter Burien - CAFR1.com

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****************************************************

POST NOTE COMMUNICATION - 06/22/09

****************************************************

From: Walter Burien
Sent: Monday, June 22, 2009 10:03 AM
To: Chris
Subject: Re: FW: FW: Here is your Audit of the Federal Reserve! SAVE PLEASE!

************************************************

Chris:

If you are a member to that site, please feel free to post my following comments on that page:

What is said on their http://www.campaignforliberty.com/blog.php?view=14331 page is:

The four major areas to which GAO may not have access are:

(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.

So, what they are saying is they want a more "item specific audit" of the federal reserve "over" the current audit signed off on by GAO.

To give the impression that the federal reserve is not currently audited by the GAO, and to not give the link to see the current audit completed, is in my opinion deceptive by omission. Using the sites own words of "transparency", the links to the existing audit checked off on by GAO should have been provided from scratch one, and "promoted" to show and highlight within the current audit the changes suggested:

Here is the "audit" of the Federal Reserve for the last three years, "the" audit that has been completed each year now for the last 96 years.

Here is for 2008 - http://cafr1.com/STATES/FEDERAL-RESERVE/FR2008AR.pdf

Here is for 2007 - http://cafr1.com/STATES/FEDERAL-RESERVE/FR2007CAFR.pdf 

Here is for 2006 - http://cafr1.com/STATES/FEDERAL-RESERVE/FR2006CAFR.pdf

To get to the meat of the matter as seen in the current audit, scroll down 2/3rds the way through the report on each until you get to the statistical section. There you will see as to collective numbers. Most of the numbers are noted as being in "millions" so add six (6) zeros. After you look there then go back up in the report and it is very informative reading on the preceding pages.

I NOTE: What really caught my eye was in the 2008  report, page 418, under "Loans and other credit extensions" the increases starting in September through Oct, Nov, Dec, of 2008, WOW, stands out above all other aspects in the 2008 report, and broke all the standards from previous monthly activity in 07, 06 and before.  There you will see a 400% to 700% increase over the monthly standard previously shown. My must they have gotten some pretty big fish on the hook...

Wonder what the numbers look like in the beginning months of 2009? Somebody on the hook to the FR is going to be paying back some pretty hefty numbers for quite some time..

Walter - CAFR1.com

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END OF COMMENT

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Chris:

Per showing of "specific" investments, what I highlight on my front page is the NY State PERS CAFR. I do so being that out of due diligence they are required to list all investments, when secured, and current market value. The other local government CAFRs will only show the dollar amount and not the specific items even though the investments participated in and diversification structure would be similar to the investment structure of a PERS CAFR.

http://cafr1.com/NYSR.html

I also have the California PERS CAFR for CALPERS linked on the front page also - ( 2006 - CALPERS - CAFR )

Walter


From:  "Chris"
Subject:  FW: FW: Here is your Audit of the Federal Reserve! SAVE PLEASE!
Date:  Mon, June 22, 2009 5:25 am
To:  WalterBurien@cafr1.com

Walter:

Here's a response to what you posted.
 
I believe these people are pushing for something much larger than what you found.
 
One thing I was thinking about that would be a very powerful tool:
 
Have a representative AFR/CAFR on your web site that's annotated and linked to places showing the facts of what and where the money's invested.
 
Do you have that on your web site somewhere that I can read?
 
... Chris
From: On Behalf Of Andrew
Sent: Sunday, June 21, 2009 3:27 PM
To: Chris
Subject: Re: FW: Here is your Audit of the Federal Reserve! SAVE PLEASE!

http://www.campaignforliberty.com/blog.php?view=14331


On Sun, Jun 21, 2009 at 12:22 PM, "Chris"  wrote:

Andrew:

Is this what you guys are pushing for?

Or is it something else?

If this is it, then maybe you guys need to get 'composite government' to reveal to the people over all the media channels the investments they are involved in, and the assets they currently hold (the 100+ trillions)?

Cheers ... Chris H


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