The Fed’s annual profit surges to $81.7 billion

by | Jan 27, 2012 | Central Banking Elite | 0 comments

By Steve Goldstein

WASHINGTON (MarketWatch) — The Federal Reserve released earnings for 2010, with the central bank’s profit growing to $81.7 billion, a record high, from $53.4 billion, mostly due to growing interest earnings on federal agency and government-sponsored enterprise mortgage-backed securities. The Fed’s balance sheet — which also can be monitored monthly — ballooned to $2.43 trillion, up $193 billion from 2009, as holdings of U.S. Treasury and mortgage-backed securities rose. The Fed returned $79 billion to the U.S. Treasury in 2010, up from $47 billion in 2009. (Updates to include that the Fed profits were at a record.)

 

http://www.marketwatch.com/story/the-feds-annual-profit-surges-to-817-billion-2011-03-22

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