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As U.S. Treasury intervened in the bond market, the Netherlands rushed 86 tons of gold out of America because of ‘geopolitical unrest’

2

'Critical employees will begin to retire': Trump’s new pay plan will deny most federal roles a raise, and it has workers warning of a retention crunch

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New LA Angels owner Stan Kroenke is quietly America's largest private landowner, boasting 2.7 million acres and besting Bill Gates and Jeff Bezos

Bernanke bounces back

By
Colin Barr
Colin Barr
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By
Colin Barr
Colin Barr
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July 30, 2010, 8:52 PM ET
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Ben Bernanke’s portfolio bounced back along with the stock market last year.

Bernanke (right), the Federal Reserve chairman, and his family owned financial assets valued at between $1.2 million and $2.5 million at the end of 2009, according to financial disclosures released by the Fed Friday. That’s up from a range of $850,000 to $1.9 million at Dec. 31, 2008.



Recovers some lost ground

The rise brings Bernanke’s holdings back in line with their 2007 levels, tracking the fall and rise of the stock market. The S&P 500 index rose 23% last year after plunging nearly 40% the year before.

Bernanke’s biggest gains were in two retirement accounts he holds thanks to the years he spent as a professor at Princeton, a Teachers Insurance and Annuity Association guaranteed annuity and a College Retirement Equity Fund variable annuity that’s invested in large-cap stocks.

The value of both accounts rose last year to a range of $500,000 to $1 million from half those sums the year before.

Bernanke also has accounts at SunTrust Bank and a retirement account with Vanguard. He also got as much as $1 million in royalties each from Pearson and McGraw-Hill on textbooks he helped write. His annual salary is $199,700.

Top executive branch officials, including those employed by the Federal Reserve Board, must report their financial position annually under the Ethics in Government Act.

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