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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Beginning 2001:Q4, annual market value stocks outstanding are benchmarked as a percentage of the Thrift Savings Plan (TSP) F Fund total assets. Quarterly unadjusted transactions are a percentage of unpublished TSP F fund net purchases data. Quarterly capital gains are estimated using the change in the Merrill Lynch Treasury master par weighted price index. Non-benchmark quarterly stocks outstanding are the previous stocks outstanding, plus the quarterly unadjusted transactions, plus quarterly capital gains. The Treasury securities percentage of the TSP F fund is the share of investments in Treasury securities as reported in the notes accompanying the TSP annual financial statements. Annual share is linearly interpolated to obtain quarterly estimates. Data for the most recent ten years show no significant seasonality.