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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: jimmg who wrote (76441)12/22/2006 2:34:53 PM
From: bart13  Read Replies (1) of 110194
 

The total size of the Fed's balance sheet amounts to about $2,600 per person in the US.


Although that's roughly true, the accounting rules that apply at a central bank are not the same as for a normal corporation.

For example, the SOMA account at around $800 billion is represented nowhere on the balance sheet and all by itself is only slightly smaller than the balance sheet totals. Another one - currency is carried as a liability on the balance sheet and composes well over 90% of the liabilities.
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