The Federal Reserve, the central bank of the United States, provides the nation with a safe, flexible, and stable monetary and financial system.
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Stocks outstanding calculated as 70% of the sum of TIC form BL-1 Report of U.S. Dollar Liabilities of Depository Institutions, Bank Holding Companies/Financial Holding Companies, Brokers, and Dealers to Foreign-Residents, column 1 To Foreign Official Institutions, Non-Negotiable Deposits & Brokerage Balances and column 5 To All Other Foreigners, Non-Negotiable Deposits & Brokerage Balances, row Grand Total (code 9999-6); less TIC form BL-1 Reporting Banks' Own Liabilities to Foreigners, row Securities broker/dealer, sum of column 1 To Foreign Official Institutions, Non-Negotiable Deposits & Brokerage Balances and column 5 To All Other Foreigners, Non-Negotiable Deposits & Brokerage Balances. Transactions are calculated as the change in the stocks outstanding. Data for the most recent ten years show no significant seasonality.