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Board Report: 2015-FMIC-B-004 March 17, 2015

Federal Financial Institutions Examination Council Financial Statements as of and for the Years Ended December 31, 2014 and 2013, and Independent Auditors' Reports

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OFFICE OF INSPECTOR GENERAL
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
CONSUMER FINANCIAL PROTECTION BUREAU
WASHINGTON, DC 20551

March 17, 2015

Federal Financial Institutions Examination Council
3501 Fairfax Drive, B-7081a
Arlington, VA 22226-3550

Dear Federal Financial Institutions Examination Council Members:

This letter transmits the Independent Auditors’ Report prepared by Deloitte & Touche LLP on the Federal Financial Institutions Examination Council’s (FFIEC) financial statements. The Office of Inspector General contracted with Deloitte & Touche LLP to audit the financial statements of the FFIEC as of and for the years ended December 31, 2014 and 2013.

The contract requires the audits to be performed in accordance with auditing standards generally accepted in the United States of America and in accordance with the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States. The Office of Inspector General reviews and monitors the work of Deloitte & Touche LLP to ensure compliance with Government Auditing Standards and the contract. Deloitte & Touche LLP is responsible for the accompanying Independent Auditors’ Report, dated March 17, 2015.

We do not express an opinion on the FFIEC’s financial statements. In addition, we do not draw conclusions on the FFIEC’s compliance with laws and regulations.

Sincerely,

/signed/

Mark Bialek
Inspector General

cc:

Judith Dupre, Executive Secretary, FFIEC
Amy Friend, Chairman, FFIEC Legal Advisory Group and Member,
  Office of the Comptroller of the Currency
William Mitchell, Chief Financial Officer and Director, Division of
  Financial Management, Board of Governors of the Federal
  Reserve System