Orlavey Demonstration Issuer, LLC (fictional): its first month
GenClara shows you 35 days of a fictional issuer's finished reserve reporting here, with no account needed. It runs from the daily holdings and the 13 checks to the draft weekly and quarterly returns and the certificate. Every name, bank, bill and wallet is invented. We save nothing.
Nothing blocks approval or certification.
11 pass, 0 fail, 2 unknown, 2 overridden. Run as of 2026-07-01.
Pass
Reserves cover the outstanding supply
Eligible reserves of $944,486,800 cover the $926,344,063 outstanding (101.959%).
The 2 cells it read
Reserves › outstanding supply (as of 2026-06-30):$926,344,063
Reserves › eligible reserves (lines that pass the screen):$944,486,800
Pass
The reserve valuation date is current
Valued as of 2026-06-30, on or after the latest month-end (2026-06-30).
No two of the 7 reserve lines share asset, custodian, maturity and amount.
Pass
Every reserve line is an eligible reserve asset
All 7 reserve lines pass the eligibility and maturity screen (12 U.S.C. 5903(a)(1)(A)).
Pass
Required reserve fields are filled in
The issuer, the as-of date and every line's asset and custodian are recorded.
UnknownOverridden
Reserves cover the outstanding supply each day of the PS-01 week
Coverage is unknown on 7 days: a supply or fair value figure is not recorded (never read as zero), or undetermined holdings decide it.
Override by controller@orlavey-demo.example on 2026-07-01 14:10 UTC: “Coverage reads unknown on each day because the two money market funds are undetermined at holding level. We confirmed both invest solely in permitted reserve assets (reserve line f on the 30 June 2026 snapshot). On 26 June 2026 one bill's maturity was also missing from the custody file. We report it as unknown for that day rather than back-fill it.”
The 7 cells it read
PS-01 2026-06-24 › eligible reserves against outstanding supply (Schedule B col. I):$843,180,000 against $925,063,400 (short $81,883,400; $100,000,000 undetermined (Fictional Government Money Market Fund, Fictional Treasury Obligations Fund))
PS-01 2026-06-25 › eligible reserves against outstanding supply (Schedule B col. I):$843,397,800 against $925,276,843 (short $81,879,043; $100,000,000 undetermined (Fictional Government Money Market Fund, Fictional Treasury Obligations Fund))
PS-01 2026-06-26 › eligible reserves against outstanding supply (Schedule B col. I):$811,766,000 against $925,490,288 (short $113,724,288; $131,849,600 undetermined (9XX100007, Fictional Government Money Market Fund, Fictional Treasury Obligations Fund))
PS-01 2026-06-27 › eligible reserves against outstanding supply (Schedule B col. I):$843,833,400 against $925,703,732 (short $81,870,332; $100,000,000 undetermined (Fictional Government Money Market Fund, Fictional Treasury Obligations Fund))
PS-01 2026-06-28 › eligible reserves against outstanding supply (Schedule B col. I):$844,051,200 against $925,917,177 (short $81,865,977; $100,000,000 undetermined (Fictional Government Money Market Fund, Fictional Treasury Obligations Fund))
PS-01 2026-06-29 › eligible reserves against outstanding supply (Schedule B col. I):$844,269,000 against $926,130,620 (short $81,861,620; $100,000,000 undetermined (Fictional Government Money Market Fund, Fictional Treasury Obligations Fund))
PS-01 2026-06-30 › eligible reserves against outstanding supply (Schedule B col. I):$844,486,800 against $926,344,063 (short $81,857,263; $100,000,000 undetermined (Fictional Government Money Market Fund, Fictional Treasury Obligations Fund))
Pass
No PS-01 day is valued in the future
Every recorded day of the week of 2026-06-24 is dated on or before today.
Pass
No PS-01 holding or blockchain is entered twice on a day
No instrument, blockchain or collateral row appears twice on any recorded day.
UnknownOverridden
Every PS-01 holding is in an eligible reserve category
3 holdings cannot be screened from what is recorded.
Override by controller@orlavey-demo.example on 2026-07-01 14:10 UTC: “Three holdings cannot be screened from the PS-01 record: the two money market funds (confirmed on reserve line f as invested solely in permitted reserve assets) and the 26 June 2026 bill whose maturity the custody file left out. The custodian confirmed its maturity on 29 June 2026 (evidence EV-002), and the 26 June 2026 figure stays as recorded.”
The 3 cells it read
PS-01 › mmf Fictional Government Money Market Fund:all seven days (a money market fund counts only if it invests solely in eligible assets; not recorded on the PS-01 week)
PS-01 › mmf Fictional Treasury Obligations Fund:all seven days (a money market fund counts only if it invests solely in eligible assets; not recorded on the PS-01 week)
PS-01 › treasury 9XX100007:2026-06-26 (remaining maturity not recorded)
Pass
Required PS-01 fields are filled in
The cover page names the issuer and coin, and every day records its supply rows and every holding's fair value and identifier.
Pass
The reserve snapshot ties to PS-01 for the same date
The reserve snapshot and PS-01 agree for 2026-06-30 on total reserves and outstanding supply, to the cent.
The 4 cells it read
Reserves › total reserves (2026-06-30):$944,486,800
PS-01 week › 2026-06-30 › total fair value (Schedule C):$944,486,800
PS-01a and PS-01 agree for the week of 2026-06-24: end-of-week supply exactly, weekly average reserves within the 3 thousand that row rounding allows.
The 4 cells it read
PS-01a › Schedule B 2.d outstanding at end of week:926,344 thousand
PS-01 2026-06-30 › outstanding supply (Schedule B col. I), in thousands:926,344 thousand
PS-01a › Schedule C 1.a-1.d, 1.f, 1.g weekly average fair value, summed:943,833 thousand
PS-01 2026-06-24 to 2026-06-30 › average of the daily total fair values, in thousands:943,833 thousand
Pass
PS-02 ties to PS-01 at each quarter end
PS-02 and PS-01 agree at each compared quarter end, within the one thousand the forms' rounding allows.
The 4 cells it read
PS-02 quarter ending 2026-06-30 › total reserves, in thousands:944,487 thousand
PS-01 week › 2026-06-30 › total fair value (Schedule C), in thousands:944,487 thousand
PS-02 quarter ending 2026-06-30 › outstanding supply, in thousands:926,344 thousand
PS-01 week › 2026-06-30 › outstanding supply (Schedule B col. I), in thousands:926,344 thousand
Fictional data. Every form here is a draft prepared against the agencies' proposed PS-01, PS-01a and PS-02, not a filing. GenClara does not give legal advice and does not say anyone complies with any law.