• Inside Labour

    No South African, with or without a job, should be condemned to poverty, says Patrick Craven.

  • Rating agencies and SA

    Warts and all, rating agencies kept SA on the straight and narrow, says Daniel Silke.

  • Crisis management fail

    Ford SA lost the plot right after the tragic death of a Kuga owner in 2015, says Solly Moeng.

All data is delayed
Loading...
See More

US pumps record high into govt coffers

Jan 10 2013 18:10
Reuters
Washington - The Federal Reserve pumped a record $88.9bn into the US Treasury last year, the spoils of big profits made on its vast holdings of securities, the US central bank said on Thursday.

The Fed said the money was earned primarily from interest payments on the securities in its multi-trillion dollar portfolio of US government debt and bonds related to the housing industry.

Each year, the central bank sends its earnings, minus operating costs and other expenses, to the Treasury.

The 2012 figure eclipsed the prior record of $79.3bn deposited into government coffers in 2010.

The Fed estimated its net income for last year at $91 billion.

 

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

united states  |  fed

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about: SMALL BUSINESS

From fossils to finance – that’s been the career trajectory of Dr Merrill van der Walt, a palaeontologist until recently. She is now a statistician with a difference.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

How did you buy your property?

Previous results · Suggest a vote

Loading...