How much did the Fed make?
This final note today, in honor of the opening of corporate earnings season. Alcoa reported profits after the bell this afternoon, basically in line with expectations.
Also reporting was the Federal Reserve Bank of the United States. It’s got all those Treasury bonds it’s been holding, and loans the Fed’s made under its various bailout or stimulus programs. Bottom line — in the most literal sense of the word — the Fed cleared almost $81 billion in profit last year. Almost all of that — $78 billion — gets sent to the Treasury Department for deposit in the general fund. The rest is what the Fed’s going to use for operating expenses.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.