Jump to content
Sign Up To Remove Ads!
TheToolman

Fed Pays Banks $30 Billion on “Excess Reserves” for 2017

Recommended Posts

 TheToolman    876

I wish I could make money out of nothing like the Fed.  Not a bad days profit from nothing.....  :getoutl:

The Federal Reserve’s income from operations in 2017 dropped by $11.7 billion to $80.7 billion, the Fed announced today. Its $4.45-trillion of assets – including $2.45 trillion of US Treasury securities and $1.76 trillion of mortgage-backed securities that it acquired during years of QE – produce a lot of interest income.

How much interest income? $113.6 billion.

It also made $1.9 billion in foreign currency gains, resulting “from the daily revaluation of foreign currency denominated investments at current exchange rates.”

For a total income of about $115.5 billion.

https://wolfstreet.com/2018/01/10/fed-pays-banks-30-billion-on-excess-reserves-for-2017/

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up to our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now


×