FED Reports Gains As Dollar Slips Feb-March-April Data Reveals

REGULATIONS

The Federal Reserve and the U.S. Treasury Exchange Stabilization Fund (ESF) had a few good months this spring, as the dollar slid and the value of its foreign currency holdings soared.

According to the latest report on Fed and Treasury activity in the foreign exchange market between February and April, the value of the Fed's outstanding foreign currency balance rose to $1,996.9 million and $881.8 million for the ESF (the latter includes valuation gains on warehoused funds.) These valuation gains

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