Prison Planet.com » Fed’s Holdings of U.S. Gov’t Debt Hit Record $1,696,691,000,000; Up 257% Under Obama

Fed’s Holdings of U.S. Gov’t Debt Hit Record $1,696,691,000,000; Up 257% Under Obama

Posted By admin On January 25, 2013 @ 6:25 am In Money Watch | Comments Disabled

Terence P. Jeffrey
CNS News ^[1]
Jan 25, 2013

In data released ^[2]Thursday afternoon, the Federal Reserve revealed that its holdings of U.S. government debt had increased to an all-time record of $1,696,691,000,000 as of the close of business on Wednesday.

The Fed’s holdings of U.S. government debt have increased ^[3] by 257 percent since President Barack Obama was first inaugurated on Jan. 20, 2009, and the Fed is currently the single largest holder of U.S. government debt.

As of the end of November, according to the U.S. Treasury ^[4], entities in Mainland China owned about $1,170,100,000,000 in U.S. government debt, making China the largest foreign holder of U.S. government debt.

When Obama was inaugurated in 2009, the Fed owned $475.322 billion in U.S. government debt. As of the close of business on Wednesday, Jan. 23, the Fed owned $1.696691 trillion in U.S. government debt, up $1.221369 trillion during Obama’s first term.

Full article here ^[1]

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URLs in this post:

[1] CNS News: http://cnsnews.com/news/article/fed-s-holdings-us-govt-debt-hit-record-1696691000000-257-under-obama

[2] data released: http://www.federalreserve.gov/releases/h41/current/h41.htm

[3] have increased: http://www.federalreserve.gov/releases/h41/20090122/

[4] according to the U.S. Treasury: http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/mfh.txt

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