The portion of the Federal Reserve's assets made up of U.S. Treasury bills has declined since 2007. Go to www.federalreserve.gov. On the top of the page, under "Data" and "Money Stock and Reserve Balances," select the link "Factors Affecting Reserve Balances- H.4.1." Under the "Release Dates" tab, click on the link for July 02, 2020.

a. Under "Condition Statement of Federal Reserve Banks," find the row "Reserve Bank Credit." What is the total amount of reserve bank credit under "Average of Daily Figures" for the week ended July 1, 2020? What is the amount displayed for "U.S. Treasury securities"? What percentage of the Federal Reserve's total reserve bank credit is currently made up of U.S. Treasury bills?

Enter total reserve bank credit and U.S. Treasury securities in terms of millions of dollars (as listed in the release). Round your percentage to one decimal place.

Total reserve bank credit for the week ended July 1 2020: 6975.8 Incorrect 42 4. US. Treasury securities for the week ended July 1 2020: 0 5 Incorrect . . 60.3 US. Treasury bills as a percentage of total reserve bank credit: Incorrect million million %