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Board of Governors of the Federal Reserve System

The Federal Reserve, the central bank of the United States, provides the nation with a safe, flexible, and stable monetary and financial system.

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About This Manual Abbreviations Summary of Revisions Chapter 1. Balance Sheet Chapter 2. Collateral and Custodies Chapter 3. Property and Equipment Chapter 4. System Open Market Account Chapter 5. Federal Reserve Notes Chapter 6. Reporting Requirements Chapter 7. Funding, Credit, Liquidity, and Loan Facilities Chapter 8. Special Topics Appendixes Appendix A. Currency Appendix B. Dividends Appendix C. FR 34 Accounts Appendix D. Software Appendix E. Reserved Appendix F. Pension

Abbreviations

ACH: Automated clearinghouse
AOCI: Accumulated Other Comprehensive Income
ASC: Accounting Standards Codification
BEP: Bureau of Engraving and Printing
BTFP: Bank Term Funding Program
CBAF: Central Business Administration Function
CFPB: Consumer Financial Protection Bureau
CMBS: Commercial Mortgage Backed Securities
DCP: Deferred Compensation Plan
Dodd-Frank Act: Dodd-Frank Wall Street Reform and Consumer Protection Act
EASy: Enterprise Accounting System
ESF: Exchange Stabilization Fund
FAM: Financial Accounting Manual for Federal Reserve Banks
FASB: Financial Accounting Standards Board
FAST Act: Fixing America's Surface Transportation Act
FDIC: Federal Deposit Insurance Corporation
FOMC: Federal Open Market Committee
FRB: Federal Reserve Bank
FRBA: Federal Reserve Bank of Atlanta
FRBB: Federal Reserve Bank of Boston
FRBNY: Federal Reserve Bank of New York
GAAP: Generally accepted accounting principles
GSE: Government-sponsored enterprise

ISA: Interdistrict Settlement Account
LLC: Limited liability company
MBS: Mortgage-backed securities
MSELF: Main Street Expanded Loan Facility
MSNLF: Main Street New Loan Facility
MSPLF: Main Street Priority Loan Facility
NOELF: Nonprofit Organization Expanded Loan Facility
NONLF: Nonprofit Organization New Loan Facility
OEB: Office of Employee Benefits
PPM: Program and Project Management
PPPLF: Paycheck Protection Program Lending Facility
RBOPS: Reserve Bank Operations & Payment Systems
RMBS: Residential Mortgage Backed Securities
SDRs: Special drawing rights
SOMA: System Open Market Account
SPE: Special-purpose entity
SPV: Special Purpose Vehicle
TBA: To-be-announced
TT&L: Treasury Tax and Loan
Thrift BEP: Thrift Benefits Equalization Plan
VIE: Variable interest entity
WTB: Working Trial Balance

Last Update: January 13, 2026