Monday, August 27, 2012

Federal Reserve Delivers $46B Of First-Half Profit To U.S. Treasury

http://www.forbes.com/sites/steveschaefer/2012/08/27/federal-reserve-delivers-46b-of-first-half-profit-u-s-treasury/

In quarterly reports for the first half of 2012 released Monday, the Fed says it generated net income of $47.5 billion in the January-June period, returning $46.4 billion of that to taxpayers.

For all of 2011, the Fed returned $76.9 billion to the U.S. Treasury.

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