Please spare-me. I've have more than enough experience to understand how incorrect you are, and yet don't feel the need to say how much. Please, stick to the entity structures in your country as you clearly do not understand US non-profits. Does your country have something similar to an NPO?
Hahahahaha, in this case capital is NOT cash. In this case the FED properly presented its capital as a liability. Cash is ALWAYS presented on the other side of the balance sheet under name ... cash (at bank, in hand). When you go to the link you posted you may notice that FED uses different name for cash in their assets , e.g. ''Coins'', ''Notes'', etc
I do not want to be rude, but please - before posting anything else regarding accounting or fundamental analysis - visit a department of accounting or a department of financial studies at your university to get basic education. Or simply pay a few bucks to a freshman to get you right on this issue. Or go to a department of corporate banking in your bank and show them this thread. They should have enough pity to correct you.
I don't know what more to say - you're just plain wrong. The sheet lists reserve notes as liabilities that it has issued, not that it's holding. I didn't think that needed to be mentioned.
Do as I suggested, consult your accountant. Then get back and share your new better and improved knowledge with us You can have (i) notes that are payable and then they will be presented as liabilities, and you can have (ii) notes receivable that will be presented as assets. I understand that the way FED present their statements is complicated. You should read FED's statements along with the auditors' report to get an idea of what respective items mean. But before you do this, please consult your accountant first to get an idea of what is the difference between assets and liabilities and to understand that the colloquial meaning of ''capital'' is different than the financial / accounting meaning of this word
You want me to consult myself, or the CPA who signs my books every quarter? Yes, I do my own books and my CPA looks them over for about 60 seconds and signs them. Also, save the semantics: you're backpedaling on your "capital/equity" usage. Also here's a tip: you've never seen an auditor's report of the Fed - no one outside the govt. has so save us your knowledge of how to use it to supplement the fed's "complicated" balance sheet.
You are a moron. There is a basic equation in accounting: TOTAL ASSETS = TOTAL LIABILITIES (liabilities + owner's equity) http://en.wikipedia.org/wiki/Balance_sheet I can't believe I am giving the source for this obvious principle. If you calculate the formula this way: TOTAL ASSETS / TOTAL LIABILITIES (liabilities + owner's equity) = 1 or 100% You calculated the same formula yesterday, and surprisingly your result was not 100%. Your result was 102%. What it means is you did not include equity / equity capital / capital in total liabilities in your equation. The result you got (102%) should have indicated to you that, either: (i) FED balance sheet is not balanced, or (ii) you are a sheer idiot and need to get basic accounting training.
I don't even know what more to say. Did you notice the dates on that balance sheet? Their valuations and allocations change DAILY - they even provide some daily deltas!!! They did this almost certainly to show that their balance sheet is inaccurate as soon as it's published, so I would expect to see things unbalanced slightly. Again, and for the last time: THE FED DOES NOT HAVE EQUITY. NPOs DO NOT HAVE EQUITY. STOP USING EQUITY IN ACCOUNTING CALCULATIONS FOR NPOs. FASB TREATS NPOs MUCH DIFFERENTLY THAN FOR-PROFITS, YOU SHOULD TOO!! All of the formulas you are quoting for used with for-profit entities. YOU CANNOT USE THEM FOR NPOs.!!!1!! The 102% I calculated shows that: 1) the fed is over capitalized 2) they have aprox 2% of unallocated assets that goes towards the payment to the US Treasury at the end of the fiscal year.
1 thing is sure is that the wrong one who has the courage to show this tread to his boss will lose his job And Karly... you are becoming crazy with your NPO... did you tatoo it ? Yeah we are not speaking about a classical npo... but from The Federal Reserve of The United States... Aka the lead of the Central Banking System ( CBS, as you like tags ).