Showing posts with label reserve. Show all posts
Showing posts with label reserve. Show all posts
Saturday, March 8, 2014
Federal Reserve Banks Transfer 76 9 Billion in Net Income to Treasury
The Board of Governors of the Federal Reserve announced the the Reserve Banks transferred approximately $76.9 billion of their estimated 2011 net income to the U.S. Treasury. This is slightly less than the $79.3 billion distribution to Treasury for 2010.
The Reserve Banks had an estimated unaudited net income of $78.9 billion for 2011. The Reserve Banks reported reported revenues of $83.6 billion in interest income on securities acquired through open market operations. Additional earnings were derived primarily from realized gains on the sale of U.S. Treasury securities of $2.3 billion, foreign currency gains of $152 million, and income from services of $479 million.
The Reserve Banks had interest expense of $3.8 billion on depository institutions reserve balances and term deposits.
Operating expenses of the Reserve Banks totaled $3.4 billion in 2011. In addition, the Reserve Banks were assessed $1.1 billion for the cost of new currency and Board expenditures and $282 million to fund the operations of the Bureau of Consumer Financial Protection and Office of Financial Research.
Read the press release.
ReadThe RestEntry..
The Reserve Banks had an estimated unaudited net income of $78.9 billion for 2011. The Reserve Banks reported reported revenues of $83.6 billion in interest income on securities acquired through open market operations. Additional earnings were derived primarily from realized gains on the sale of U.S. Treasury securities of $2.3 billion, foreign currency gains of $152 million, and income from services of $479 million.
The Reserve Banks had interest expense of $3.8 billion on depository institutions reserve balances and term deposits.
Operating expenses of the Reserve Banks totaled $3.4 billion in 2011. In addition, the Reserve Banks were assessed $1.1 billion for the cost of new currency and Board expenditures and $282 million to fund the operations of the Bureau of Consumer Financial Protection and Office of Financial Research.
Read the press release.
Saturday, June 1, 2013
April’s Federal Reserve Survey Reports Stronger Loan Demand
According to April’s Senior Loan Officer Opinion Survey on Bank Lending Practices conducted by the Federal Reserve, domestic banks, on balance, reported having eased their lending standards and having experienced stronger demand in several loan categories over the past three months.
Tightening standards for prime mortgage loans decreased 7.8% and demand for the prime loans increased 39.1%. The subprime mortgage market still reported tightening. Both large and medium, as well as small firms said the C&I loan market tightening decrease by 19.1% and 23.1% respectively. Moreover, loan demand increased for both categories. Banks that eased their C&I lending policies generally cited increased competition for such loans as an important reason for having done so.
The survey is based on responses from 68 domestic banks and 21 U.S. branches and agencies of foreign banks.
Read the Federal Reserve release.
ReadThe RestEntry..
Tightening standards for prime mortgage loans decreased 7.8% and demand for the prime loans increased 39.1%. The subprime mortgage market still reported tightening. Both large and medium, as well as small firms said the C&I loan market tightening decrease by 19.1% and 23.1% respectively. Moreover, loan demand increased for both categories. Banks that eased their C&I lending policies generally cited increased competition for such loans as an important reason for having done so.
The survey is based on responses from 68 domestic banks and 21 U.S. branches and agencies of foreign banks.
Read the Federal Reserve release.
Friday, May 24, 2013
Federal Reserve Announces Results of Stress Test
“The banking industry is pleased that the overwhelming majority of institutions passed the Federal Reserve’s stress tests with flying colors. The banking industry has worked hard to fortify its financial base since the financial crisis. The industry is now very well prepared for any challenging economic circumstances that could arise.
At the same time, we object to testing bank capital under theoretical conditions that are far more severe than even those seen during ‘the Great Recession.’ It unjustifiably prohibits some institutions from paying dividends to shareholders and could potentially impair their ability to raise capital and make loans. That is an unnecessary and ill-timed consequence of these stress tests given the essential role of banks in our still-recovering economy.”
By Frank Keating, ABA President and CEO
Read the Federal Reserves release.
ReadThe RestEntry..
At the same time, we object to testing bank capital under theoretical conditions that are far more severe than even those seen during ‘the Great Recession.’ It unjustifiably prohibits some institutions from paying dividends to shareholders and could potentially impair their ability to raise capital and make loans. That is an unnecessary and ill-timed consequence of these stress tests given the essential role of banks in our still-recovering economy.”
By Frank Keating, ABA President and CEO
Read the Federal Reserves release.
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