Typically the largest asset item in the Federal Reserve Banks' consolidated balance sheet (as illustrated in the book, for April 2013) is:
A) Loans to commercial banks
B) Federal Reserve Notes
C) Treasury deposits
D) Securities

Question

Quizplus · Accepted Answer

The largest asset item on the Federal Reserve Banks' consolidated balance sheet is typically "Securities," which include U.S. Treasury securities and other government-backed securities. These are held as part of the Fed's monetary policy operations.

Typically the Largest Asset Item in the Federal Reserve Banks