====== Central Bank Money ======
[[cbdc:public:cbdc_omg:8_append:20_glossary:start| Return to Glossary ]]

**Central Bank Money** is a liability of the central bank. In the United States, central bank money
comes in the form of physical currency issued by the Federal Reserve and digital balances held
by commercial banks at the Federal Reserve.

Source: [[https://www.federalreserve.gov/publications/files/money-and-payments-20220120.pdf ]]

/**=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-
/* To add a discussion page to this page, comment out the line that says 
  ~~DISCUSSION:off~~
*/
~~DISCUSSION:on|Outstanding Issues~~
~~DISCUSSION:off~~