The Federal Reserve Board published the Federal Reserve System’s annual audited financial statements for 2025, with the independent auditor issuing unqualified opinions and reporting no material misstatements under applicable auditing standards. The package includes audited individual and combined statements for the 12 Federal Reserve Banks, the Board, and one limited liability company linked to the Board’s COVID-19 response, presenting assets, liabilities, and operations as of December 31, 2025. The audits, required by the Federal Reserve Act, also covered internal controls over financial reporting for the Reserve Banks and the Board; the Board separately publishes a weekly comprehensive balance sheet and quarterly financial reports.
Federal Reserve Board 2026-03-25
United States Federal Reserve Board releases audited 2025 Federal Reserve System financial statements with unqualified opinions
The Federal Reserve Board released the Federal Reserve System’s 2025 audited financial statements, with unqualified opinions and no material misstatements reported by the independent auditor. The statements cover the 12 Federal Reserve Banks, the Board, and a COVID-19 response-linked LLC, detailing assets, liabilities, and operations as of December 31, 2025. Audits also assessed internal controls over financial reporting for the Reserve Banks and the Board.