1 3 The feds Balance sheet Assets Liabilities Government securities Currency in circulation Discount loans Reserves(bank deposits Gold and sDr U.S Treasury deposits certificate accounts Foreign and other Coin deposits Cash items in process Deferred-availability of collection cash items Others Others and capital accounts1.3 The Fed’s Balance Sheet Assets Liabilities Government securities Discount loans Gold and SDR certificate accounts Coin Cash items in process of collection Others Currency in circulation Reserves (bank deposits) U.S Treasury deposits Foreign and other deposits Deferred-availability cash items Others and capital accounts