As of January 2013,the Fed no longer holds any mortgage-backed securities or federal agency debt securities as assets.

Question

Quizplus · Accepted Answer

This statement is false. As of January 2013, the Fed still held mortgage-backed securities and federal agency debt securities as assets on its balance sheet. The Fed's holdings of these securities began to decline gradually in 2014, but it was not until September 2019 that the Fed announced a program to begin reducing its holdings of Treasury bills and mortgage-backed securities.

As of January 2013,the Fed No Longer Holds Any Mortgage-Backed