January 11, 2016

WHAT SHALL WE DO WITH THE SURPLUS?

Fed Sent Record $97.7 Billion in Profits to U.S. Treasury in 2015 (BEN LEUBSDORF, Jan. 11, 2016, WSJ)

The Federal Reserve handed over a record $97.7 billion in profits to the Treasury Department in 2015, according to preliminary figures released Monday.

The Fed uses revenue from various sources, including interest from its big portfolio of bonds and other assets, to cover its operating and other expenses. The rest of the money is sent to the Treasury to help pay the federal government's bills.

In 2014, the Fed sent a then-record $96.9 billion to the Treasury.

Posted by at January 11, 2016 2:47 PM

  

« ELECTIONS HAVE CONSEQUENCES: | Main | NO ONE HAS IT HARDER THAN THEIR FATHER DID: »