Showing posts with label transfer. Show all posts
Showing posts with label transfer. 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.
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