One Fed official owns thousands of acres of farmland and at least $1 million in gold. Many own individual blue chip stocks, while another appears to hold no major assets other than his home and an employee benefit plan.
Americans got an unprecedented peek at the wealth of the Federal Reserve's top ranks this week, when the central bank released nearly 600 pages of financial disclosure documents from its current regional presidents.
Richard Fisher, president of the Dallas Fed, is one of the richest of the 12. He accrued a portfolio of at least $21 million after working 22 years in the financial industry as a banker, stock broker and hedge fund manager.Unlike Bernanke, whose assets were in no-frills retirement accounts, money markets and U.S. Treasury securities, several top Fed members have more interesting investments.
Fisher owns more than 7,000 acres in Texas, Georgia, Iowa and Missouri, in addition to more than $1 million in SPDR's Gold Trust (GLD), and at least $50,000 in platinum and uranium each.
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