Bountiful Billions

In 2013 the Fed earned interest income of $51.6 billion from its vast holdings of Treasury securities, $36.6 billion in interest from its portfolio of mortgage backed-securities and another $2.2 billion from miscellaneous sources. After paying for its own expenses and making capital adjustments, the Fed returned $79.6 billion to the Treasury; 2.9% of all federal government revenue! In 2012 it remitted $88.4 billion; 3.6% of revenues. Simply staggering sums.

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