Archive | March 2014

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Is Russia Pulling Money Out of U.S. for Safekeeping? By Peter Coy March 14, 2014

There‚Äôs circumstantial evidence that Russia may have yanked tens of billions of dollars in assets out of a custodial account at the U.S. Federal Reserve, possibly to keep it from being frozen by U.S. authorities in case of heightened conflict in Ukraine. The Federal Reserve holds U.S. Treasury securities in custody on behalf of foreign […]