Auditing the fed is often used as code to mean investigation into the fundamental business model. The problem is that if it ever became mainstream how the fed really works, it really will threaten the dollar. I would like to see citation of your claim they have published the numbers, I know they have published SOME numbers, often heavily redacted though. Some facts about the fed. The Federal Reserve is a private institution. The Federal Reserve holds a monopoly on the issuance of currency in the USA. Prior the the Emergency Economic Stabilization Act/TARP Act of September 2008, commercial banks were required to hold 10% of deposits as reserves. Part of the reason for the credit spread blowups of October/November 2008 was because in the same TARP Act the Fed was allowed to pay interest on deposits without publicly stating the interest rate. As a result of various acts of Congress in 2008, the Federal Reserve now has the authority to buy all sorts of assets (commercial paper, corporate bonds, mortgage loans, etc.). Much of the Fed's activity is not made public because of the use of off-balance sheet vehicles. There is debate over the constitutionality of the Fed's various powers. Also that If all money created is debt and counts as principal, where does the money come from to pay interest on this debt? It comes from the money that gets printed in the future. This is why inflation is a natural result of our current monetary system. This is often what you hear Ron Paul talking about on the floor. The teapartiers have unfortunately locked onto this as a talking point, but often lack facts, and hence it often gets dismissed as a conspiracy theory. I think the biggest benefit of auditing the Fed, is publicly knowing who really owns and controls it, knowing that a foreign company might control our very monetary system should at the least make one pause and research it a bit more.