The Federal Reserve’s holdings of U.S. government debt climbed to yet another record this week, hitting $1,728,477,000,000.00 by the close of business Wednesday, Feb. 13, according to data released late Thursday by the Fed.
That was an increase of $10,734,000,000.00 from the close of business on the previous Wednesday.
As of Wednesday, the total debt of the federal government was $16,524,304,599,079.04. That included $11,668,602,027,147.93 in debt held by the public and $4,855,702,571,931.11 in intragovernmental debt, which is money the Treasury has taken out of government trust funds—such as the Social Security Trust Fund—and spent on other government programs.
Since Jan. 2 of this year, the Federal Reserve has increased its holdings of U.S. government debt by $62,359,000,000.00 At the same time, the Treasury has increased the overall debt held by the public by $87,084,476,752.86. Thus, the Federal Reserve has bought up the equivalent of 71.6 percent of the publicly held debt that has been issued by the Treasury so far this calendar year, and 14.8 percent of all of the U.S. government’s publicly held debt that is now extant.
Read More: http://cnsnews.com/