We need your help to reach our fiscal year-end goal tomorrow. Donate Now
Daily Pulse

The Fed turns a healthy profit in 2010

David Brancaccio Oct 3, 2011

The Marketplace Daily Pulse is beating faster today thanks to all the profit raining down from American’s central banking system, the Federal Reserve.

Dan Gross, at Yahoo Finance, tracked down the amount of profit the Fed earned last year. The Fed earns profit by charging interest and fees when it lends to banks, and then dumps that profit back into the United States Treasury on my behalf and yours.

In 2010, it hit $78.4 billion. That’s more than double the profit it generated in 2007, the year before the financial crisis.

The chart above, available as a download the PDF from the Federal Reserve website, shows how much the Fed gives back every year over the last decade.

Meanwhile, today’s the three-year anniversary of TARP – that massive and controversial bailout the Fed set up to prop up troubled banks. But the Fed, is doing just fine, thank you very much.

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.  

The clock is ticking 

Our fiscal year ends tomorrow. Can you chip in $50, $25 or even $10 to help us reach our goal?