I have found a number of references to the fed "owning gold". Here is a typpical one from a Midas last September. In the clip is a ref to the Fed's books.

Hi Bill -
Alan Grayson made great strides today in getting the Federal Reserve to admit that there is a problem with the ownership of Fed gold and has gotten the General Council to agree to a GAO audit..of sorts.

Here is the exchange and you can tell that Mr. Alverez is dancing around the gold audit trying to steer the line of questioning towards the physical presence of the gold and NOT any ownership issues related to loans, swaps or derivatives.

http://www.youtube.com/watch?v=7VPJHfmP3g4

Here is the exchange:

Grayson: "Does the Federal Reserve actually possess all the gold that's listed on their balance sheet?"

Alverez: "Yes"

Grayson: "Has that been audited by the GAO?"

Alverez: "Aaa..I believe that's within the GAO's authority to audit. It's certainly something our..aaa...independant accountant is able to verify and does."

Grayson: "So if I go ahead and ask for a GAO audit you won't oppose it, right?"

Alverez: "To auditing the presence of gold on the facility...I...I don't see any reason to object to that"

Then Grayson goes on to make further accusations...which are all very damning in their own right.

The key to the gold exchange is that Alverez is specifically talking about allowing an audit of "the presence of gold on the facility" and not the ownership or claims against that gold.

This exchange is an historic event in our battle against the gold cabal as the passing of the Audit the Fed bill will open the door to the gold manipulation mechanics.

We are on the doorstep of our FREEDOM once again in America.

Watch the battles closely!