March 20, 2015
WISE INVESTING:
Fed's profit jumps 30% to $101 billion (Paul R. La Monica3/20/15, Money)
According to figures released Friday, the Fed reported net income of $101.3 billion. That's an increase of nearly 30% from 2013.But the Fed sends nearly all of its profits to the Treasury. Last year, that amounted to $96.9 billion. The Fed said this was a record.The Fed also ended 2014 with nearly $4.5 trillion in assets -- up from about $4 trillion in 2013.
Posted by Orrin Judd at March 20, 2015 12:54 PM
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