Fed pays near-record billions to U.S. Treasury
[Agence France-Presse ][01.10.12]
The Federal Reserve said Tuesday it had paid $76.9 billion to the US Treasury from its estimated 2011 earnings, mainly income from interest collected on a range of securities. The amount was only three percent below the 2010 record payment of $79.3 billion, and reflected the extraordinary actions the Fed has taken to prop up the economy after the 2008 financial crisis.
Most of the 2011 earnings came from $83.6 billion in interest income on government-linked securities, such as US Treasury securities, the central bank said in a statement.
