Which of the following is NOT a Federal Reserve asset?
A)The Fed's holdings of foreign exchange
B)The Federal Reserve building in Washington, D.C.
C)Shares of stock purchased in the Federal Reserve system by member banks
D)The computer systems used in the Federal Reserve district banks

Question

Quizplus · Accepted Answer

Shares of stock purchased in the Federal Reserve system by member banks are not considered an asset of the Federal Reserve. Instead, they represent a required investment by member banks into the Federal Reserve System, essentially serving as a membership fee, and are recorded as an asset on the banks' balance sheets, not the Federal Reserve's.

Which of the Following Is NOT a Federal Reserve Asset