The Federal Reserve’s Profit Machine

Worried about the Federal Reserve’s profits? Maybe at some point, but for now the central bank is raking it in.
Any profit the Fed makes over 6% goes directly to the U.S. Treasury. For the month of January, the Fed forked over $5.2 billion (see page 6). For the first four months of this fiscal year, the Fed has paid the Treasury over $24 billion which is twice as much as one year ago.
For the 2009 calendar year, the Fed’s net jumped 46% to $52.1 billion, and $46.1 billion of that went to the Treasury.

Posted by Eddy Elfenbein on February 18th, 2010 at 8:36 am

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