Accessibility/Mobile Features
Skip Navigation
Skip to Content
Editorial News
Classified Sites

The Canadian Press - ONLINE EDITION

Fed Chair Yellen's assets rose 8 pct. during 2013 to between $5.3 million and $14.1 million

WASHINGTON - Federal Reserve Chair Janet Yellen's assets rose in value by at least 8 per cent during 2013, raising their total to between $5.3 million and $14.1 million, according to her latest financial disclosure released Thursday.

Yellen's biggest asset is a trust fund she set up in 1992 with her husband, George Akerlof, a Nobel Prize-winning economist. The value of the trust fund is estimated at between $1 million and $5 million.

Yellen's assets have likely been driven up in value by a rebounding economy and a rising stock market. In 2012, her disclosure form estimated her assets at between $4 million and $13 million.

Some of Yellen's listed assets belong to her alone; others are co-owned with Akerlof.

The disclosure documents provided only a broad range rather than a specific figure for total assets.

Yellen's disclosure form covers calendar year 2013, when she served as the Fed's vice chair before succeeding Ben Bernanke in February to become the first woman to head the central bank.

One of the assets Yellen listed was a stamp collection, valued at between $15,000 and $50,000, a value that did not increase from 2012. The stamp collection was jointly owned with Akerlof.

Yellen, 68, said she was receiving a pension from the University of California, Berkeley, where she and Akerlof taught on the faculty for many years.

In a letter in October, when her nomination as Fed chair was pending before the Senate Banking Committee, Yellen said she and Akerlof were both receiving book royalties from Cambridge University Press, Oxford University Press and Princeton University Press.

Akerlof is serving as a visiting scholar at the International Monetary Fund in Washington.

Among the stocks listed on the disclosure form were shares of Conoco Phillips, DirecTV, DuPont, Office Depot, Pfizer, Raytheon, Phillips 66, Norfolk Southern and 21st Century Fox. The disclosure form showed that Yellen held a mix of company stocks and investment funds.

  • Rate this Rate This Star Icon
  • This article has not yet been rated.
  • We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high. If you thought it was well written, do the same. If it doesn’t meet your standards, mark it accordingly.

    You can also register and/or login to the site and join the conversation by leaving a comment.

    Rate it yourself by rolling over the stars and clicking when you reach your desired rating. We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high.

Sort by: Newest to Oldest | Oldest to Newest | Most Popular 0 Commentscomment icon

You can comment on most stories on You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.

There are no comments at the moment. Be the first to post a comment below.

Post Your Commentcomment icon

  • You have characters left

The Brandon Sun does not necessarily endorse any of the views posted. Comments are moderated before publication. By submitting your comment, you agree to our Terms and Conditions. New to commenting? Check out our Frequently Asked Questions.


Make text: Larger | Smaller

Brandon Sun Business Directory
The First World War at 100

Social Media

Canadian Mortgage Rates