How much money is in the Federal Reserve?
Overall, as shown in table 1, the size of the Federal Reserve's balance sheet decreased roughly $90 billion from about $8.8 trillion on September 28, 2022, to about $8.7 trillion as of March 29, 2023.
| Department of the Treasury Bureau of the Fiscal Service Status Report of U.S. Government Gold Reserve February 28, 2021 | |
|---|---|
| Summary | Fine Troy Ounces |
| Subtotal - Gold Coins | 73,829.500 |
| Total - Federal Reserve Bank-Held Gold | 13,452,810.545 |
| Total - U.S. Government Gold Reserve | 261,498,926.241 |
U.S. official reserve assets 2000-2022
In 2022, the official reserve assets of the United States totaled to about 706.91 billion U.S. dollars. This is an increase from the year 2000, when the Federal Reserve's assets came to 128.4 billion U.S. dollars.
What Country Has the Most Gold? The country with the most gold is the United States, with 8,133 metric tons in the American gold reserve. This amounts to a value of $480.84 billion, going by the price of gold at the beginning of January 2023.
Prior to 1971, the US dollar was backed by gold. Today, the dollar is backed by 2 things: the government's ability to generate revenues (via debt or taxes), and its authority to compel economic participants to transact in dollars.
Answer is around 429 Billion Dollars for 8000 Metric Ton of gold at 53.66$ per gram(today's price). 53.66$ per gram * 1000 = 1KG = 53,660$ per KG. 53,660$ per KG * 1000 = 1 Metric Ton = 53.6 Million Dollars per 1 MT. 53.6 Million Dollars * 8000 = 8000 Metric Ton = 429 Billion Dollars.
The financial position of the United States includes assets of at least $269 trillion (1576% of GDP) and debts of $145.8 trillion (852% of GDP) to produce a net worth of at least $123.8 trillion (723% of GDP).
The Federal Reserve System is not "owned" by anyone. The Federal Reserve was created in 1913 by the Federal Reserve Act to serve as the nation's central bank. The Board of Governors in Washington, D.C., is an agency of the federal government and reports to and is directly accountable to the Congress.
The Federal Reserve is not funded by congressional appropriations. Its operations are financed primarily from the interest earned on the securities it owns—securities acquired in the course of the Federal Reserve's open market operations.
Who are the 7 members who run the Federal Reserve?
| Current governor | Party | Term expires |
|---|---|---|
| Jay Powell (Chair) | Republican | January 31, 2028 (as Governor) |
| Philip Jefferson (Vice Chair) | Democratic | September 7, 2027 (as Vice Chair) |
| January 31, 2036 (as Governor) | ||
| Michael Barr (Vice Chair for Supervision) | Democratic | July 13, 2026 (as Vice Chair for Supervision) |
Fostering a strong payments system: The Fed provides financial services to banks and helps put money in circulation to ensure that consumers, businesses and workers can get paid for their services and continue having access to the funds that they need for spending — whether by cash, checks or electronic transactions.
The group included Aldrich; his private secretary Arthur Shelton; Davison; Andrew (who by 1910 had been appointed assistant Treasury secretary); Frank Vanderlip, president of National City Bank and a former Treasury official; and Warburg.
Today, there are no specific limits on how much gold a person can own in the U.S. Whether it's bullion, coins, or jewelry, you can buy, own, and possess as much gold as you like. The only restrictions may come from reporting requirements if you simultaneously buy or sell large amounts of gold.
The United States holds the world's largest stockpile of gold reserves by a considerable margin of over 8,100 tons. The U.S. government has almost as many reserves as Germany, Italy, and France, which are the next three largest gold-holding countries combined.
Kuwaiti Dinar (KWD)
The Kuwaiti dinar is the strongest currency in the world, with 1 dinar buying 3.26 dollars (or, put another way, $1 equals 0.31 Kuwaiti dinar). Kuwait is located on the Persian Gulf between Saudi Arabia and Iraq, and the country earns much of its wealth as a leading global exporter of oil.
It's unlikely that the world will wake up one day with dollars no longer holding international appeal. Rather, in examples such as the British pound, there was a multi-decade process by which it went from the center of world economics to a second-tier currency.
International Debt and Financial Stability: As the reserve status of the dollar diminishes, countries holding significant amounts of US dollar-denominated debt may experience financial turbulence. Exchange rate fluctuations and potential defaults could undermine financial stability in both debtor and creditor nations.
That would be 26,216,704 kilograms of gold at the current market price. If you imagine a one troy ounce gold coin, you would need 842,867,037 of them to have a pile worth a trillion dollars.
At the time of writing the answer, a billion dollar would buy you about 24,743 kilograms of gold. Gold's density is about 19.32 per cc. So, its will form a solid cube with each side of 1.2 m. That's a lot of Gold!
How much gold is on earth?
About 244,000 metric tons of gold has been discovered to date (187,000 metric tons historically produced plus current underground reserves of 57,000 metric tons). Most of that gold has come from just three countries: China, Australia, and South Africa.
New Estimates of Value of Land of the United States (PDF)
Estimates suggest that this 1.89 billion acres of land are collectively worth approximately $23 trillion in 2009 (current prices), with 24% of the land area and $1.8 trillion of the value held by the federal government.
- Japan. Japan has the highest percentage of national debt in the world at 259.43% of its annual GDP. ...
- United States. ...
- China. ...
- Russia.
China had the second-largest total wealth of $84.48 trillion in 2022. Being one of the largest economies in the world, China makes it to our list of the wealthiest countries by per capita net worth.
It took many months and nearly straight party-line voting, but on December 23, 1913, the Senate passed and President Woodrow Wilson signed the Federal Reserve Act.
