We appraise the finding, reported in the literature, that a small but finite north-south asymmetry (NSA) exists in the interplanetary magnetic field (IMF) spiral at Earth's orbit. We have analyzed the data available on the Omnitape for the 1963 to 1993 period. The coverage is very uneven, ranging from less than 40% to greater than 80%. The magnitude of NSA fluctuates considerably during the period of our analysis. This is true even if one considers the period 1967 to 1982 when the coverage is greater than 50%. The values of NSA derived from 27-day averages of the hourly data points range from greater than +50 deg to less than -40 deg. If one arranges the data according to the magnetic polarity epochs of the solar polar field, the epoch averages gives the magnitude of NSA less than approximately 2 deg. This is also true, if one considers the average magnitude of NSA for the 1965 to 1993 period, when the coverage is greater than 25%. A genuine, persistent, NSA of IMF spiral is likely to affect the cosmic ray modulation, on either side of the current sheet, by introducing a corresponding change in the radial diffusion coefficient of energetic particle transport in the heliosphere. The annual mean values of the observed NSA of IMF spiral are compared with the observed off-ecliptic contributions to cosmic ray modulation.