Fed overpaid for crisis assets by $21 billion: government report

federal reserve

The Federal Reserve overpaid by $21 billion for the assets it bought as part of the extraordinary measures it to ease credit condition during the crisis, the US agency that reviews the budgetary effects of Congressional and legislative initiatives said on Monday.

The Congressional Budget Office said the central bank paid more than the fair market price for risky assets it took on in a process which expanded the Fed's balance sheet from $900 billion in August 2007 to more than $2 trillion by the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: