Federal Reserve to remit $92bn to US Treasury this year

Author: Eamonn Sheridan | Category: News

The Fed says it is sending $92 billion to the Treasury, down from $97.7 in 2015

These are characterised as Federal Reserve 'profits'. Yeah, I don't think so.

Its interest income the Fed receives, for example, on its holdings of U.S. Treasury bonds & mortgage-backed securities. it has accumulated, ahhhh, quite a lot, of these in its response to the financial crisis (correct me if I'm wrong, the balance sheet is around $4tln or something right?).