Summary of Revisions
Effective as of January 1, 2026, Financial Accounting Manual for Federal Reserve Banks (FAM) revisions remove closed credit facility references and include accounting for the new currency processing machines and sensors.
Summary of Revisions
Chapters 1, 7, 8, and Appendix C—FR 34 Accounts
Removed references to closed credit facilities. Corresponding accounts were moved to the closed accounts listing in appendix C.
- Paragraph 2.40—Loans (140-025, 140-050, 140-055, and 140-057)
- Paragraph 3.04—Loans Payable (145-050)
- Paragraph 70.20—Term Asset Backed Securities Loan Facility (145-400, 145-415, 145-430, 145-445, 145-460, 145-515, 145-530, and 145-575) (removed)
- Paragraph 70.60—Municipal Liquidity Facility (145-700, 145-701, and 145-702) (removed)
- Paragraph 81.01—Allowance for Credit Losses
Chapters 3 and Appendix A—Currency
Removed references to old currency processing machines that have been fully depreciated and added accounting policy for the new currency processing machines and sensors.
- Paragraph 30.45—Furniture and Equipment
- Paragraph 30.78—Maximum Useful Lives and Salvage Values Table
- Appendix A—Currency—A.2 BPS 3000 Machine Useful Lives (removed)