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$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 [1]
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 [2].

The Fed’s accounting for the previous week [3] 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 [4]8 [4], 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.

Full article here [1]


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URL to article: http://www.prisonplanet.com/2001093000000-feds-ownership-of-u-s-debt-breaks-2t-for-first-time.html

URLs in this post:

[1] CNS News: http://www.cnsnews.com/news/article/2001093000000-fed-s-ownership-us-debt-breaks-2t-first-time

[2] the Fed’s latest weekly accounting: http://www.federalreserve.gov/releases/h41/Current/

[3] the previous week: http://www.federalreserve.gov/releases/h41/20130808/

[4] on Dec. 31, 200: http://www.federalreserve.gov/releases/h41/20090102/

[5] 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

[6] 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

[7] 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

[8] 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

[9] 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

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