Posts Tagged ‘Federal reserve remittances’
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…
Read More