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TheToolman

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

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 TheToolman    1,595

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/

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notgoingtorespond   
notgoingtorespond

It pays to be too big to jail.

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