As a portion of total assets measured in billions of dollars, the most important asset on the Fed's balance sheet is:

Name: As a portion of total assets measured in billions of dollars, the most important asset on the Fed's balance sheet is:
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Securities, such as U.S. Treasuries, make up the majority of the Fed's balance sheet and are used for monetary policy operations. While gold, foreign exchange reserves, and loans are also on the balance sheet, they are smaller portions of the total assets.

As a Portion of Total Assets Measured in Billions of Dollars