The Federal Reserve Bank’s 2025 year-end audit of financial statements performed by external auditor KPMG will continue to use the online tool Thomson Reuters® Confirmation® (Off-site). Confirmation, a secure digital platform used to electronically request fast and secure audit confirmations, was implemented in 2022 for the year-end audit as part of ongoing efforts to improve delivery of information and services to customers.
Additionally, Federal Reserve Financial Services will send email messages to solicit responses to balance confirmations for your master account, member bank shares held and/or loans issued under the Paycheck Protection Program Liquidity Facility (PPPLF).
What actions do I need to take?
In mid-January, Federal Reserve Bank audit requests will be sent via two communication methods: Confirmation and an email from KPMG. When you receive this request, please review and respond in a timely manner. The balance confirmation process is an important step in preparing the Federal Reserve System Audited Annual Financial Statements (Off-site).
What can I expect when using the Confirmation tool?
You will receive a request to confirm your institution’s balance(s) via Confirmation. The request will be sent from systems.administrator@confirmation.com. Institutions that use Confirmation for their own audit requests will have the request routed to their normal audit request queue.
Confirmation requests can be confirmed as valid Federal Reserve Bank requests by confirming the Client Electronic Signature section, which will be signed by Gradeigh Mack, Director of Financial Management, Federal Reserve.
The data elements that are being confirmed are the same as prior years and may include:
- Master Accounts
- Balance at close of business on Dec. 31, 2025
- Interest rate
- Member Banks
- Number of shares held at close of business on Dec. 31, 2025
- Paid-in capital
- Total dividends received from Federal Reserve Bank in 2025
- PPPLF Loans
- Loan ID
- Date of maturity
- Current outstanding advance amount
Institutions that do not use Confirmation will receive the request via email to a contact on their institution’s Official Authorization List (OAL). Please note that you will have the ability to confirm or reject the audit request. Use of email and the PDF attachment sent by a KPMG associate from a @kpmg.com email address will remain an option to reply to the balance confirmation request if you opt not to respond through Confirmation.
Please note that there is no cost to reply to a Federal Reserve Bank audit request, whether replying by PDF and email or via Confirmation.
How can I find support?
We look forward to continuing to serve you in 2026. If you have any questions about these changes, please contact National Accounting and Customer Support at SYS.NACS.CapitalStock@mpls.frb.org.
“Thomson Reuters” and “Confirmation” are registered trademarks of Thomson Reuters Corp.
