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The figures excluded short-term securities and private placements.
The vast bulk (two-thirds) is invested in bank deposits and short-term securities.
The industry is rushing to offer more lucrative services such as short-term securities lending.
They buy and sell short-term securities in what are called "open market operations".
But the company has $4.9 billion in cash, including short-term securities and accounts receivable.
As of the second quarter, the company had $26.3 billion in cash and short-term securities.
Mr. Gross criticized G.E.'s reliance on commercial paper, the short-term securities floated directly to big investors.
A bank can buy short-term securities of its own government and pocket the difference — up to four or five percentage points — for the life of the securities.
The Fed's twist is scheduled to end soon, mainly because the central bank is running low on the short-term securities that keep the action going.
The Fed is also selling the same volume of short-term securities so that the purchases do not increase the size of its balance sheet.
It is now buying long-term securities with proceeds from the sale of short-term securities, but it is running out of inventory to sell.
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CEO of Professional Science Editing for Scientists @ prosciediting.com