January 9, 2015

WHICH MORE THAN PAYS FOR THAT COMMUNITY COLLEGE PROGRAM:

Fed's Bond Buying Yields Bonanza for Treasury (MICHAEL S. DERBY, Jan. 9, 2015, WSJ)


The Federal Reserve sent a record $98.7 billion in profits to the Treasury Department in 2014, largely reflecting higher interest earnings on its big bond holdings. [...]

The central bank's remittance to the Treasury last year was the biggest since 2012, when it handed over $88.4 billion. Before the crisis, the Fed turned over $21.5 billion in 2005, and $34.6 billion in 2006. The figures released Friday are preliminary and subject to revision.

Posted by at January 9, 2015 4:28 PM
  

blog comments powered by Disqus
« KNOWING YOUR ALLIES: | Main | CIRCLING THE DRAIN: »