[Toddsterpatriot]

No stocks. $4.2 trillion, not $14 trillion.

http://www.federalreserve.gov/releases/h41/Current/

[BereanBrain]

from my reading, you should take and add the securities held outright to assets.

If this is done, you get in the 12-14T neighborhood.

When can you hold a security outright and it not be an asset?