Federal Reserve Makes Record Interest Payment to Treasury Dept.

[InTheLight]

The Federal Reserve paid a record $96.9 billion to the U.S. Treasury in 2014 as interest income on its bond purchases increased solidly.

The annual payment to U.S. taxpayers was up from $79.6 billion in 2013, according to the Fed's annual financial statement and audit by Deloitte & Touche released Friday.

The Fed earned $115.9 billion in interest income on its securities, up $25.5 billion from the previous year.

The Fed, by law, must hand over the bulk of its profits to the Treasury...

http://www.usatoday.com/story/money/business/2015/03/20/fed-annual-statement/25081103/

 

[carpro]

How much interest did we pay out in 2014 on the national debt?

 

[InTheLight]

How much interest did we pay out in 2014 on the national debt?

$430 Billion to 40+ countries

http://www.treasury.gov/ticdata/Publish/mfh.txt

http://www.treasurydirect.gov/govt/reports/ir/ir_expense.htm

 

[Crabtownboy]

$430 Billion to 40+ countries

http://www.treasury.gov/ticdata/Publish/mfh.txt

http://www.treasurydirect.gov/govt/reports/ir/ir_expense.htm

Much of that thanks to G. Bush and his misadventures. Remember how we were borrowing up to a billion a week from other countries to support his misadventures. We, our children, and their children will pay for these wars in money and lack of governmental services for a long time.

 

[InTheLight]

Much of that thanks to G. Bush and his misadventures. Remember how we were borrowing up to a billion a week from other countries to support his misadventures. We, our children, and their children will pay for these wars in money and lack of governmental services for a long time.

A billion a week is nothing compared to Obama. I remember Obama's $853 Billion stimulus plan that created about 3 jobs. I remember Obama doubling the national debt in 6 years.

 

[Crabtownboy]

A billion a week is nothing compared to Obama. I remember Obama's $853 Billion stimulus plan that created about 3 jobs. I remember Obama doubling the national debt in 6 years.

Yeah, and it was because of the momentum of the economic train wreck started by Bush. Took time to slow it down. The economy is doing much better now and it certainly is not because of anything the GOP has done. You cannot change the direction of something as big as the US economy overnight. After all, it took Bush at least 7 years to move from a good economy to a disastrous on.

 

[carpro]

$430 Billion to 40+ countries

http://www.treasury.gov/ticdata/Publish/mfh.txt

http://www.treasurydirect.gov/govt/reports/ir/ir_expense.htm

To me. Doesn't looks so good anymore.

When we start earning more interest than we're paying out, I'll be the first to stand up and cheer.