7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts accessible
H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks [title]: No description
7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts [title]:
Section 16 of the Federal Reserve Act requires the Reserve Banks to collateralize currency with Bank assets and specifies the categories or types of eligible collateral.Applicable collateral can consist of any assets on the balance sheets of the Federal Reserve Banks, which include, but are not limited to, gold certificates, special drawing rights(" SDRs "), U.S.Treasury securities, assets(including foreign currency) acquired under section 14 of the Federal Reserve Act, and loans extended by Reserve Banks.In practice, gold certificates, SDRs, and Treasury, agency, and mortgage - backed securities are pledged first, followed by any other Federal Reserve Bank assets.The amount on the line "other assets pledged" is, in effect, a residual number. It represents the total amount of currency that is not collateralized by gold certificates, SDRs, or Treasury, agency, and mortgage - backed securities.
Millions of dollars [title]: No description
Federal Reserve notes and collateral [column]: No description
Wednesday [column]: No description
Federal Reserve notes outstanding [row]: No description
Less: Notes held by F.R.Banks not subject to collateralization - sub-row of Federal Reserve notes outstanding [row]: No description
Federal Reserve notes to be collateralized - sub-row of Less: Notes held by F.R.Banks not subject to collateralization - sub-row of Federal Reserve notes outstanding [row]: No description
Collateral held against Federal Reserve notes [row]: No description
Gold certificate account - sub-row of Collateral held against Federal Reserve notes [row]: No description
Special drawing rights certificate account - sub-row of Collateral held against Federal Reserve notes [row]: No description
U.S.Treasury, agency debt, and mortgage-backed securities pledged - sub-row of Collateral held against Federal Reserve notes [row]: No description
Other assets pledged - sub-row of Collateral held against Federal Reserve notes [row]: No description
Memo: [row]: No description
Total U.S.Treasury, agency debt, and mortgage-backed securities [row]: No description
Less: Face value of securities under reverse repurchase agreements - sub-row of Total U.S.Treasury, agency debt, and mortgage-backed securities [row]: No description
U.S.Treasury, agency debt, and mortgage-backed securities eligible to be pledged - sub-row of Less: Face value of securities under reverse repurchase agreements - sub-row of Total U.S.Treasury, agency debt, and mortgage-backed securities [row]: No description