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U.S. Treasury Received $79.6 Billion From Fed In 2013

Saturday, March 15, 2014 - 8:43 AM
"Each year, the Federal Reserve typically transfers its profits to the U.S. Treasury, which then end up in the hands of taxpayers. Now, numbers from 2013 are finally available, and the Fed dumped $79.6 billion into the Treasury last year. This may seem like an exorbitant number, but the fact is that it’s actually down from the year before, in which funds sent to the Treasury totaled $88.4 billion as a result of Operation Twist, a program which earned the Fed money through sales of short term debt."

Fed Sent $79.6 Billion to U.S. Treasury in 2013 - MyBankTracker.com
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ShorebreakShorebreak2,603 posts since
Apr 6, 2010
Rep Points: 14,091
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