The safest bank account in the world: The New York Fed

Discussion in 'Economics' started by Daal, Oct 4, 2008.

  1. Daal


    "Marketable securities held in custody for foreign official and international accounts (1) 2,465,651 + 43,756"

    $2.5 trillion held for other governments and other 'special clients' and that goes up every week. Of course this is all insured by the the Fed's FDIC. I bet their fdic doesn't need recaptalization. I wonder when they will start to take retail clients..