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A Closer Look at the Fed’s Balance Sheet Accounting

Author

Listed:
  • Deborah Leonard
  • Antoine Martin
  • Jennifer Wolgemuth

Abstract

An earlier post on how the Fed changes the size of its balance sheet prompted several questions from readers about the Federal Reserve’s accounting of asset purchases and the payment of principal by the Treasury on Treasury securities owned by the Fed. In this post, we provide a more detailed explanation of the accounting rules that govern these transactions.

Suggested Citation

  • Deborah Leonard & Antoine Martin & Jennifer Wolgemuth, 2017. "A Closer Look at the Fed’s Balance Sheet Accounting," Liberty Street Economics 20170804, Federal Reserve Bank of New York.
    • Handle: RePEc:fip:fednls:87206
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    More about this item

    Keywords

    Federal Reserve; Accounting; Balance Sheet;
    All these keywords.

    JEL classification:

    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit

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