Collateralization of Currency: Holdings Against Federal Reserve Notes: Collateral Held Against Federal Reserve Notes: Gold Certificate Account: Wednesday Level
RESPPNGNWW • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,037.00
Year-over-Year Change
0.00%
Date Range
6/14/2006 - 8/6/2025
Summary
This economic indicator tracks the gold certificate holdings used as collateral against Federal Reserve notes, providing insight into the monetary backing of U.S. currency. It represents a historical mechanism for ensuring the stability and credibility of the national currency system.
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 gold certificate account reflects a legacy of the gold standard era, showing the remaining gold-backed assets held by the Federal Reserve as collateral. Economists use this data to understand the historical monetary policy and the transition of the U.S. currency system.
Methodology
Data is collected and reported weekly by the Federal Reserve, tracking the current level of gold certificates held as collateral against circulating Federal Reserve notes.
Historical Context
This metric is used in macroeconomic analysis to examine the historical monetary policy and the evolution of the U.S. currency backing system.
Key Facts
- Represents historical gold-backed currency mechanism
- Reflects legacy of the gold standard era
- Provides insight into monetary policy evolution
FAQs
Q: What does this indicator measure?
A: It tracks the gold certificates held as collateral against Federal Reserve notes, showing the historical monetary backing of U.S. currency.
Q: Why is this data important?
A: It provides historical context for U.S. monetary policy and the transition from the gold standard to the current fiat currency system.
Q: How often is this data updated?
A: The data is collected and reported on a weekly basis by the Federal Reserve.
Q: Does this still impact current monetary policy?
A: While no longer directly relevant to current currency valuation, it offers important historical insights into monetary system development.
Q: What are the limitations of this data?
A: The indicator is primarily historical and does not reflect current currency backing methods in the modern monetary system.
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Related Trends
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Assets: Securities Held Outright: Federal Agency Debt Securities: Week Average
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Citation
U.S. Federal Reserve, Collateralization of Currency: Holdings Against Federal Reserve Notes: Collateral Held Against Federal Reserve Notes: Gold Certificate Account: Wednesday Level [RESPPNGNWW], retrieved from FRED.
Last Checked: 8/1/2025