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United States Debt Held by Federal Reserve Banks

 
 
gollum
 
Reply Sun 15 May, 2011 12:02 pm
If the U.S. Treasury issues U.S. Treasury Bills, Notes, or Bonds (i.e., borrows money) and the debt is purchased and held by one or more of the 12 Federal Reserve Banks, is that debt counted toward our statutory debt limit?
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