Bloomberg by the Numbers: $4.23 Trillion

Photograph by Ethan Miller/Getty Images

An aerial view of homes in Henderson, Nevada.

Federal Reserve banks had about $4.23 trillion in total assets as of March 26.

Most of the Fed’s holdings are in U.S. Treasury securities ($2.31 trillion) or mortgage-backed securities ($1.6 trillion).

The Federal Open Market Committee “has kept the benchmark interest rate near zero since December 2008 and sought to cut borrowing costs and fuel growth through bond buying that has more than quadrupled its assets” to $4.23 trillion, Bloomberg’s Jeff Kearns and Craig Torres reported.

While the Fed has curtailed its monthly bond-buying program to $55 billion from a high of $85 billion, an “extraordinary commitment is still needed and will be for some time” to help the economic recovery, Fed chair Janet Yellen said yesterday in Chicago.


What do you think about this article? Comment below!