In August 2016,the largest liability of the Fed was

Name: In August 2016,the largest liability of the Fed was
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In August 2016, the largest liability of the Federal Reserve was reserves held by banks at the Fed. This was largely due to the quantitative easing programs that had been implemented in the years following the 2008 financial crisis, which significantly increased the amount of reserves banks held at the Federal Reserve.

In August 2016,the Largest Liability of the Fed Was