Fed profits soar to record $80.9 billion

federal reserve

The Federal Reserve on Monday revealed a record profit of $80.9 billion for 2010, a 51% leap on 2009, in its preliminary unaudited results for the year.

The bumper profit has allowed the regional Fed banks to transfer a record $78.4 billion to the US Treasury, a 65% increase compared with the amount transferred in 2009. The amount is about $500m under the combined total transferred to the Treasury in 2009 and 2008, and over four times the transfer made in 2004, the year in the past decade in

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.