As you can see, the assets held by the Federal Reserve currently total about $ trillion, up significantly from about $ billion before the crisis. The slide shows the principal categories of assets we hold, grouped (as I will explain) so as to correspond to the various types of initiatives we've taken to address the crisis.
Electronic funds transfer services, which were previously seen as an alternative mode of payment for those who favor convenience, have now become a “necessity”. But we want to make it the norm in this new economy. So how has the PPMI and BSP strategic partnership been progressing in terms of promoting digital payment services?