Checkable deposits are the debts or liabilities of the following:
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Commercial banks: Checkable deposits represent customers’ deposits that can be withdrawn on demand, making them liabilities for commercial banks.
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Thrift institutions: Similar to commercial banks, thrift institutions (like savings and loan associations and credit unions) also handle checkable deposits, making them a liability for these institutions as well.
The Federal Reserve Banks have checkable deposits as part of their operations, but they primarily serve other financial institutions, so it's less common to refer to checkable deposits in terms of their liabilities.
The Government does not have checkable deposits in the same sense as financial institutions; rather, it manages financial accounts and might hold deposits in various forms but they don’t account for these as liabilities in the same manner.
Thus, the correct answers are Thrift institutions and Commercial banks.