- Prison Planet.com - http://www.prisonplanet.com -
$2,001,093,000,000: Fed’s Ownership of U.S. Debt Breaks $2T for First Time
Posted By admin On August 20, 2013 @ 5:02 am In Money Watch | Comments Disabled
Terence P. Jeffrey
CNS News 
August 20, 2013
The Federal Reserve’s holdings of publicly traded U.S. Treasury securities—federal government debt—pushed above $2 trillion for the first time last week, hitting approximately $2,001,093,000,000 as of Aug. 14, according to the Fed’s latest weekly accounting .
The Fed’s accounting for the previous week  showed that it had owned approximately $1,993,375,000,000 in U.S. Treasury securities as of Aug. 7.
Back on Dec. 31, 200 8 , before the Fed began its strategy of “Quantitative Easing,” the Fed owned only $475.9 billion in U.S. Treasury securities. Since then, the Fed’s holdings of U.S. government debt have more than quadrupled.
Launched in 2009, the Fed’s Quantitative Easing (QE) efforts have attempted to stimulate the economy.
Article printed from Prison Planet.com: http://www.prisonplanet.com
URL to article: http://www.prisonplanet.com/2001093000000-feds-ownership-of-u-s-debt-breaks-2t-for-first-time.html
URLs in this post:
 CNS News: http://www.cnsnews.com/news/article/2001093000000-fed-s-ownership-us-debt-breaks-2t-first-time
 the Fed’s latest weekly accounting: http://www.federalreserve.gov/releases/h41/Current/
 the previous week: http://www.federalreserve.gov/releases/h41/20130808/
 on Dec. 31, 200: http://www.federalreserve.gov/releases/h41/20090102/
 Fed Now Largest Owner of U.S. Gov’t Debt—Surpassing China: http://www.prisonplanet.com/fed-now-largest-owner-of-u-s-gov%e2%80%99t-debt%e2%80%94surpassing-china.html
 U.S. Treasury: China Has Decreased Its Holdings of U.S. Debt: http://www.prisonplanet.com/u-s-treasury-china-has-decreased-its-holdings-of-u-s-debt.html
 Fed’s Holdings of U.S. Gov’t Debt Hit Record $1,696,691,000,000; Up 257% Under Obama: http://www.prisonplanet.com/fed%e2%80%99s-holdings-of-u-s-govt-debt-hit-record-1696691000000-up-257-under-obama.html
 Fed Has Bought More U.S. Gov’t Debt This Year Than Treasury Has Issued: http://www.prisonplanet.com/fed-has-bought-more-u-s-gov%e2%80%99t-debt-this-year-than-treasury-has-issued.html
 US Closes 2011 With Record $15.22 Trillion In Debt, Officially At 100.3% Debt/GDP, $14 Billion From Breaching Debt Ceiling: http://www.prisonplanet.com/us-closes-2011-with-record-15-22-trillion-in-debt-officially-at-100-3-debtgdp-14-billion-from-breaching-debt-ceiling.html
Copyright © 2013 PrisonPlanet.com. All rights reserved.