Collateralization of Currency: Federal Reserve Notes: Notes Held by F.R. Banks Not Subject to Collateralization (Netted from Federal Reserve Notes Outstanding): Wednesday Level
RESPPLLNONNWW • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
456,093.00
Year-over-Year Change
-3.14%
Date Range
6/14/2006 - 8/6/2025
Summary
This economic indicator tracks the volume of Federal Reserve notes not subject to collateralization, reflecting the nuanced mechanics of U.S. currency management. The metric provides insights into the Federal Reserve's balance sheet and monetary policy operations.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The trend represents the net quantity of Federal Reserve notes held by Federal Reserve banks that are not backed by specific collateral assets. Economists analyze this data to understand currency circulation, monetary base dynamics, and potential shifts in the Federal Reserve's balance sheet strategy.
Methodology
Data is collected weekly by the Federal Reserve, tracking the Wednesday-level volume of uncollateralized Federal Reserve notes.
Historical Context
This metric is used in macroeconomic analysis to assess monetary policy implementation and the Federal Reserve's currency management approach.
Key Facts
- Represents uncollateralized Federal Reserve notes
- Collected on a weekly Wednesday basis
- Provides insight into currency management strategies
FAQs
Q: What does uncollateralized mean in this context?
A: Uncollateralized means these Federal Reserve notes are not backed by specific assets or securities at the time of measurement.
Q: Why is this metric important?
A: It helps economists and policymakers understand the Federal Reserve's currency management and potential monetary policy implications.
Q: How often is this data updated?
A: The data is collected and updated weekly, specifically on Wednesdays.
Q: What can changes in this metric indicate?
A: Fluctuations might signal shifts in monetary policy, changes in currency circulation, or adjustments in the Federal Reserve's balance sheet strategy.
Q: Are there limitations to this data?
A: The metric provides a snapshot of a specific moment and should be analyzed in conjunction with other monetary indicators for comprehensive insights.
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Citation
U.S. Federal Reserve, Collateralization of Currency: Federal Reserve Notes: Notes Held by F.R. Banks Not Subject to Collateralization (Netted from Federal Reserve Notes Outstanding): Wednesday Level [RESPPLLNONNWW], retrieved from FRED.
Last Checked: 8/1/2025