(Dallas Fed) Robert Kaplan, the president of the Federal Reserve Bank of Dallas, engaged in more than 1 million stock trades last year. Fellow regional Fed leaders only made modest financial holdings and transactions.
Kaplan had holdings of about 27 individual stock, fund, or alternative assets, each valued at over $1 million. He also made some combination of purchases or sales of over $1 million in 22 company shares or investment funds.
The Dallas Fed Chair’s holdings included Apple Inc, Alphabet, Boeing Co., Amazon.com Inc., Facebook Inc., and Marathon Petroleum Corp.
Kaplan has previously criticized high monetary stimulus by the Fed, saying it increases financial sector risks.
The financial disclosures, in which eleven out of the twelve Fed bank heads participated, give insights into the holdings by officials in charge of the country’s monetary policy.
Kaplan has been the Fed chair of Dallas since 2015, with deep roots in the financial sector. He served Goldman Sachs for more than two decades before leaving in 2006.
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