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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: Mark 🐝  😊 😞
Number: of 12535 
Subject: Re: Jim Grant on Berkshire/Cash/Valuations
Date: 10/29/2024 7:06 PM
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By the end of June, Berkshire held a whopping $234.618 billion in Treasury bills. That’s more than the U.S. Federal Reserve's Treasury bill holdings

It's fun to consider, but it's an almost meaningless point. Because the Fed has been rolling off assets for a year plus now, and because "bills" only have terms up to a year, it's natural that those roll off the balance sheet the quickest. And sure enough, the Federal Reserve holds more than 3.7 TRILLION (as of Oct 23) of "notes" and "bonds" which have terms between one year and ten years for notes and between ten years and 30 years for bonds. But those are just terms used, all of them, bills, notes, and bonds are treasury debt, and all are backed by the same thing (full faith and credit of the USA) just with varying initial duration.
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