Liabilities Having reviewed the Federal Reserve's main asset accounts, let me now touch briefly on the liability side of the balance sheet. Historically, the largest component of the Federal Reserve's liabilities has historically been Federal Reserve notes – that is, U.S. paper currency. Currency has expanded over time in line with nominal spending in the United States and demands for U.S. currency abroad.
This year, Global Money Week is especially important for two reasons: Firstly, for the fact that with the activities that we will organize this week, we have brought the Republic of Kosovo to the attention of the international arena, where the activities that we will organize this week can be followed 1  internationally through "live streams" from central banks, regulators and international organizations dealing with financial education issues; Secondly, for the fact already announced by the CBK that 2019 will be the year of consumer protection and the activities that we will organize in the field of financial education will be in the function of consumer protection.