Where would shares of stock in the Federal Reserve System purchased by the Fed's member banks be included on the Fed's balance sheet?
A)They would be included on the balance sheets of the member banks, but not included on the balance sheet of the Fed.
B)They would be included under "Other Federal Reserve Assets and Capital Account."
C)They would be included under "Deferred Availability Cash Items."
D)They would be included under "Other Federal Reserve Assets."

Question

Quizplus · Accepted Answer

Shares of stock in the Federal Reserve System purchased by the Fed's member banks would be included under "Other Federal Reserve Assets and Capital Account" on the Fed's balance sheet. This account includes other assets and liabilities such as the net book value of the Fed's property and equipment, capitalized software, land and buildings, and the Fed's capital accounts.

Where Would Shares of Stock in the Federal Reserve System