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The US Federal Reserve said Tuesday it earned a record profit in 2009 of $ 52.1 billion dollars, led by gains on its unorthodox investments and bailouts during the height of the financial crisis.
The profit will provide US Treasury with $ 46.1 billion dollars from the operations of the central bank.
Originally posted by Whine Flu
Don't worry, $40b of that will go toward military spending.
The profit will provide US Treasury with 46.1 billion dollars from the operations of the central bank.
The profit included some 46.1 billion dollars in earnings on securities acquired through open market operations, including US Treasury bonds, mortgage-backed securities and government agency debt.