Fed Makes $43 Billion

[Toro]

That profit gets sent to the US Treasury.

Last year the central bank reported a whopping $43 billion in operating income. That was more or less the same level as in 2007, but meanwhile short-term interest rates had plummeted, ending the year near zero. That should have clobbered Fed income, as rate cuts did in the early days of the last recovery in 2002-04 (see chart).

The Fed makes money for taxpayers | The hedge fund of Foggy Bottom | The Economist

 

[neurosport]

if even printing money wasn't profitable that would have been pretty depressing ...

 

[manu1959]

if even printing money wasn't profitable that would have been pretty depressing ...

how is making money depressing........

 

[Yurt]

the link didn't work, i would like to read that...

you link says hedgefund of the foggy bottom