Federal Reserve banks earned $81.4 billion in 2013
Just short of $80 billion were remitted to the US Treasury
The Federal Reserve System earned $81.4 billion in 2013, of which it remitted $79.6 billion to the US Treasury, according to the Fed's annual financial statement released on Friday.
Total assets at the end of 2013 stood at $4 trillion, an increase of $1.1 trillion from 2012. Holdings of US Treasury securities meanwhile increased by $550 billion, and federal agency and government sponsored enterprise mortgage-backed securities (GSE MBS) holdings increased by $583.5 billion.
GSE debt securities
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 print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com