H.4.1 is a really useful and important data set. For example, you can see that US Fed is holding T2.7$ worth of mortgage backed securities i.e., it's funding them.
> Could the US simply "void" all USD that are owned by Russia?
Beyond a certain threshold those USDs are typically stored as US Treasury bills because it's too risky to deposit billions of $$ in bank accounts. The risk of bank going under is real at those deposit levels.
For anything more I highly recommend reading up Fed Guy blog [1]. It's one of the best sources of this information I've come across; he's extremely concise, no-jargon and explains the core principles really well.
While at it, take a look at this BIS data[2]. tl;dr Russian residents owe ~B121$ to other countries' banks.
You could start here: https://www.federalreserve.gov/releases/h41/20220224/
H.4.1 is a really useful and important data set. For example, you can see that US Fed is holding T2.7$ worth of mortgage backed securities i.e., it's funding them.
> Could the US simply "void" all USD that are owned by Russia?
Beyond a certain threshold those USDs are typically stored as US Treasury bills because it's too risky to deposit billions of $$ in bank accounts. The risk of bank going under is real at those deposit levels.
For anything more I highly recommend reading up Fed Guy blog [1]. It's one of the best sources of this information I've come across; he's extremely concise, no-jargon and explains the core principles really well.
While at it, take a look at this BIS data[2]. tl;dr Russian residents owe ~B121$ to other countries' banks.
[1] https://fedguy.com
[2] https://stats.bis.org/statx/srs/table/b4?c=RU