The same day that the Federal Reserve's Federal Open Market Committee announced last week that the Fed would continue to buy $40
billion in mortgage-backed securities (MBSs) and $45 billion in U.S. Treasury
securities per month, the Fed also released its latest weekly accounting sheet indicating that it had
already accumulated more Treasuries and MBSs than the total value of the
publicly held U.S. government debt amassed by all U.S. presidents from George
Washington though Bill Clinton.
Since the beginning of September 2008, in fact, the Fed's ownership of
Treasury securities and MBSs has increased seven fold.
As of the close of business Thursday, the Fed said, it owned approximately
$2,052,055,000,000 in U.S. Treasury securities and approximately
$1,339,771,000,000 in mortgage-backed securities—for a combined total of about
$3,391,826,000,000 in Treasury securities and MBSs.
The U.S. Treasury divides the U.S. government debt into two parts: debt held
by the public, which includes publicly traded Treasury securities such as
Treasury bills, notes and bonds, and intra-governmental debt, which is money the
Treasury has borrowed out of the Social Security trust fund and other government
trust funds and then used to pay current expenses.
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- This site is the inspiration of a former reporter/photographer for one of New England's largest daily newspapers and for various magazines. The intent is to direct readers to interesting political articles, and we urge you to visit the source sites. Any comments may be noted on site or directed to KarisChaf at gmail.
Monday, September 23, 2013
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