Quarterly Report On Federal Reserve Balance Sheet Developments: Fill & Download for Free

You can look at the Fed’s balance sheet yourself:Quarterly Report on Federal Reserve Balance Sheet Developments

Which audit? In the past 15 years, OIG and GAO have prepared over 150 audits of a few dozen subjects all on file at the Federal Reserve Website (see below), along with the last 15 year's annual Consolidated Audited Financial Statements from KPMG, the last 32 quarterly financial statements, the last two years monthly financial reports and, each week, the Fed publishes its interactive balance sheet. And dozens of other reports on activity.AuditThe information below is provided as required by the Wall Street Reform and Consumer Protection Act. The page will be updated as reports and other information become available.Audited Annual Federal Reserve System financial statementsAnnual audited financial statements of the Federal Reserve System and independent auditors' reports.Federal Reserve System audited annual financial statementsReports prepared by the Comptroller GeneralUnder section 714 of title 31, United States Code.U.S. Government Accountability Office (GAO) reportsReports to Congress on Emergency LendingReports on Emergency Lending Authorized Pursuant to Section 13(3) of the Federal Reserve Act since July, 21, 2010In accordance with Section 1101 of the Dodd-Frank Act, the Board will publish reports issued to the Congress not later than seven days after the Board authorizes any new loan or other financial assistance under Section 13(3) of the Federal Reserve Act. The Board also will publish written updates every 30 days with respect to any such loan or other financial assistance. There have been no new emergency loans authorized by the Board.Other information about the liquidity and credit programs and other monetary policy tools that the Federal Reserve used to respond to the financial crisisReports Pursuant to Section 129 of the Emergency Economic Stabilization Act of 2008The Federal Reserve filed reports with Congress pursuant to section 129(b) of the Emergency Economic Stabilization Act of 2008. The reports provided updates concerning the lending facilities established by the Board under section 13(3) of the Federal Reserve Act that are currently outstanding. In October 2009, the Board began to incorporate these reports into its monthly report on "Credit and Liquidity Programs and the Balance Sheet."Quarterly Report on Federal Reserve Balance Sheet DevelopmentsThe Federal Reserve prepares this quarterly report as part of its efforts to enhance transparency about its balance sheet, financial information, and monetary policy tools, and to ensure appropriate accountability to the Congress and the public.Previously, similar information was published in the "Monthly Report on Credit and Liquidity Programs and the Balance Sheet".Monthly Report on Credit and Liquidity Programs and the Balance SheetThe Federal Reserve prepared this monthly report as part of its efforts to enhance transparency about the range of programs and tools that have been implemented in response to the financial crisis and to ensure appropriate accountability to the Congress and the public from June 2009 to August 2012.Subsequent to August 2012, similar information is published in the "Quarterly Report on Federal Reserve Balance Sheet Developments," available on the Board's public website.Transaction dataTransaction detail related to the liquidity and credit programs and other monetary policy tools that the Federal Reserve used to respond to the financial crisis that emerged during the summer of 2007.Other information helpful in understanding the accounting, financial reporting, and internal controls of the Federal Reserve Board and the Federal Reserve BanksFinancial Accounting ManualAnnual ReportsAnnual Report: Budget Review (2013 and previous years)Reserve Bank Operating Expenses Historical Actual and Current Year Budget InformationFederal Reserve Banks Combined Quarterly Financial Reports (Unaudited)H.4.1: Factors Affecting Reserve BalancesOffice of Inspector General (OIG) ReportsOIG Semiannual Reports to the CongressFederal Reserve System Audited Annual Financial StatementsFederal Reserve Banks Combined Quarterly Financial Reports (Unaudited)

The simple equation for a balance sheet is:Assets = Liabilities + EquityIf you look at the top of a dollar bill, it says that it is a Federal Reserve Note, which means that it is a liability to the Federal Reserve that is backed by the full faith and credit of the U.S.During the last recession, it became extremely hard for many individuals and businesses to get loans because the banks were trying to hang onto cash reserves as they were losing money from repossessions of homes and of businesses and people filing bankruptcy. In order to get money back to the banks, the Federal Reserve began buying loans and securities from the banks, and they did this by creating dollars. For example, a bank had $20 million worth of U.S. securities, the Fed would credit the bank with $20 million in the bank’s account to be available for the bank to lend out, and the Fed received $20 million in U.S. securities as an asset.As of August 2017, the Federal Reserves balance sheet sits at $4.465 trillion, and the Fed wants to reduce that, so it will do it in primarily two ways:It will sell the securities back to the banks and to other institutions.It will allow those that are close to maturing to mature and collect the money from the organization that issued the security.As the Federal reserve receives the money back from selling or collecting on the securities, it will then remove the money from circulation reducing the liability side of the Fed’s balance sheet. Over time, the balance sheet will drop as the asset and liability sides drop, thus reducing the balance sheet.For more information on the Fed’s balance sheet:Quarterly Report on Federal Reserve Balance Sheet Developments