Well let's examine the sheet and see what we see and you
tell me where you think we don't agree.
Notes, bonds nominal shows 0 change,
Notes, bonds, inflation adjusted
shows 0 change.
This is where permanent would show up.
Notice that TBills are up 16,558. TBills are "permanent" except they are really a stronger form of temporary simply
because they have a 1-3 month term.
The two 28 day RPs I missed in that period add up to 16.
The third column shows the change between 2001 and now.
Securities held outright 626,479 + 16,564 + 72,238 629,407
U.S. Treasury (1) 626,469 + 16,564 + 72,238 629,397
Bills (2) 223,757 + 16,558 + 37,582 226,682
Notes and bonds, nominal (2) 389,219 0 + 31,813 389,219
Notes and bonds, inflation-indexed (2) 12,242 0 + 2,531 12,242
Inflation compensation (3) 1,250 + 5 + 311
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