Washington, July 19: Federal Reserve Chairman Alan Greenspan's conservative approach to investing kept his nest egg secure in 2002, a year when many Americans in his income bracket lost money. In 2002, the Dow Jones industrial average lost 17 per cent -- its worst decline since 1977. But the central bank chief's own portfolio changed little in value.
Financial disclosure documents on Friday showed that Fed chairman's assets were valued at between $3 million and $6.4 million during 2002.
The reports give ranges for the assets rather than the specific amount.

The range is little changed from 2001 when his wealth was valued at between $3.1 million and $6.5 million.
To avoid a conflict of interest, Greenspan keeps his money in Treasury bonds and money-market funds and does not invest in stocks. Bureau Report