Fed Vice Chair Yellen has stocks, funds, stamps

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Associated Press

Posted on August 28, 2013 at 1:02 AM

Updated Wednesday, Aug 28 at 1:06 AM

WASHINGTON (AP) — Federal Reserve Vice Chair Janet Yellen, a leading contender to replace Ben Bernanke as Fed chairman, holds a mix of big-company stocks and investment funds in a trust with her husband, fellow economist George Akerlof. They also share an interest in stamps.

Yellen's financial disclosure report for 2012, made public Tuesday, shows that she and Akerlof have between $4 million and $13 million in assets, including a stamp collection valued at $15,000 to $50,000.

As the No. 2 Fed official, Yellen has represented the central bank at international finance meetings and has helped develop the Fed's plans for responding to a future global crisis. She has been in an unusually public succession battle for the chairman's job with former Treasury Secretary Larry Summers. President Barack Obama will choose Bernanke's successor.

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