<p>Deposits at the Federal Reserve largely count as money, at least as far as the depositing commercial banks are concerned. </p>

<p>Apparently on March 1 2016, the Federal Reserve Banks' liabilities included $\$1475$ billion of Federal Reserve notes, net of F.R. Bank holdings, and $\$2530$ billion of deposits, together with $\$412$ billion of other liabilities. See the second part of table 5 of <a href="https://www.federalreserve.gov/releases/h41/current/" rel="nofollow noreferrer">https://www.federalreserve.gov/releases/h41/current/</a> for more details</p>

<p>Coins are not issued by the Federal Reserve, but by the United States Mint</p>

CC BY-SA 3.0
2017-03-09T23:27:38.067Z
Thanks but I still don't understand how much of that is cash and how much is non-cash
Joe Jobs
CC BY-SA 3.0
2017-03-10T00:35:44.583Z
Deposits at the Federal Reserve are not cash but they are money: they  can be used for payment (at which point they become somebody else's deposit) and they can be converted into cash on demand
Henry
CC BY-SA 3.0
2017-03-10T20:50:38.997Z
Thanks. Who and when takes the decision to convert the deposits into cash? I can imagine an answer for "when?": at the moment when many people decide to withdraw a lot of cash money from their banks accounts. The banks will transfer deposits to FED in exchange for cash? And what's the best term for these "deposits", non-cash money? Virtual money? Digital money?
Joe Jobs
CC BY-SA 3.0
2017-03-10T21:40:29.180Z
The banks can demand cash for their "Federal Reserve balances" at any time, especially if they are ["excess reserves"](https://en.wikipedia.org/wiki/Excess_reserves) as most of them currently are
Henry
CC BY-SA 3.0
2017-03-05T21:21:17.487Z
2017-03-05T21:21:17.487Z
Henry
<p>When the Federal Reserve is issuing money, they are only printing cash money (coins and banknotes)?</p>

<p>If not, then what other types of money they are issuing?</p>

<federal-reserve><money>
The Federal Reserve is only issuing cash money?
Joe Jobs
# The Federal Reserve is only issuing cash money?

(Asked by: username_0 on 2017-03-04)

When the Federal Reserve is issuing money, they are only printing cash money (coins and banknotes)?

If not, then what other types of money they are issuing?

**Tags:** federal-reserve, money


---

## 1 answers

### Answer by username_1 on 2017-03-05. Score: 1 | Accepted answer

Deposits at the Federal Reserve largely count as money, at least as far as the depositing commercial banks are concerned.

Apparently on March 1 2016, the Federal Reserve Banks' liabilities included $\$1475$ billion of Federal Reserve notes, net of F.R. Bank holdings, and $\$2530$ billion of deposits, together with $\$412$ billion of other liabilities. See the second part of table 5 of <https://www.federalreserve.gov/releases/h41/current/> for more details

Coins are not issued by the Federal Reserve, but by the United States Mint

> **Comments:**
> **username_0**: Thanks but I still don't understand how much of that is cash and how much is non-cash  
> **username_1**: Deposits at the Federal Reserve are not cash but they are money: they  can be used for payment (at which point they become somebody else's deposit) and they can be converted into cash on demand  
> **username_0**: Thanks. Who and when takes the decision to convert the deposits into cash? I can imagine an answer for "when?": at the moment when many people decide to withdraw a lot of cash money from their banks accounts. The banks will transfer deposits to FED in exchange for cash? And what's the best term for these "deposits", non-cash money? Virtual money? Digital money?  
> **username_1**: The banks can demand cash for their "Federal Reserve balances" at any time, especially if they are ["excess reserves"](https://en.wikipedia.org/wiki/Excess_reserves) as most of them currently are  

---

