Percent of M0 Backed by Securities Held Outright

The current money supply is primarily backed by the Federal Reserve's holding of securities outright. This means United States government bills, bonds and notes. The quality of backing, the very integrity of money, can be changed from time to time as the FED buys and sells its holding of government securities.

It is for all practical purposes the Federal Reserves assets that back the current money supply. Listed below is the amount of money supply backed by government securities held by the FED.