Story from LAST year…. Not seeing any stories this year about the same thing… hmmmmm… 🤔
The Fed said that its earnings were up $33.1 billion last year, a gain that reflected falling interest rates which meant the central bank paid commercial banks less in interest payments on bank reserves that the Fed requires them to keep.
Gee I wonder how much the Fed will have to pay commercial banks and the others this year under an increasing rate policy? 🤔… that monetarist Bullard guy there wants them to be paying 3% by year end… hope they can afford it…
Fed Pays US Treasury $86.9 Billion, Largest Sum in 4 Years https://t.co/odWzFTsR8w pic.twitter.com/GwbH5l7OjR
— NBC Chicago (@nbcchicago) March 22, 2021
"The Federal Reserve Board on Friday announced preliminary financial information indicating that the Reserve Banks had estimated net income of $107.8 billion during 2021, of which $107.4 billion was remitted to the U.S. Treasury as required under the Federal Reserve Act."
ReplyDeleteHere's the link: Federal Reserve.
That’s the Fed Mike they have to disclose this,,,
ReplyDeleteWhere is the Art Degree journos in the media covering this?
Correct. They could have easily looked it up like I did.
ReplyDeleteThey needed 400million a year to run the fed... What the hell are they doing with that big of a budget
ReplyDeleteYes, it does seem like an enormous budget. I mean, the entire judicial branch (courts) is $2 bln. That's half the Fed.
ReplyDeleteThey fund a lot of research ..,,
ReplyDelete