13. As shown in Figure 16-9, on September 5, 2007, about 90%

of the Federal Reserve’s assets were made up of U.S. Treasury bills. However, on December 23, 2009, only 26% of the Federal Reserve’s assets were made up of U.S. Treasury bills. Go to www.federalreserve.gov. Under “Recent Statistical Releases,” click on “All Statistical Releases.” Under the heading

“Money Stock and Reserve Balances,” click on “Factors Affecting Reserve Balances.” Click on the date of the current release.