The Federal Reserve sent a record $88.4 billion in profits to the U.S. Treasury last year, audited results showed on Friday, a big payday for the government thanks to the central bank's massive bond purchases.
The income came mostly from $80.5 billion in interest on Treasury bonds and mortgage-backed securities, according to the annual financial statements audited by Deloitte. Total Fed bank assets stood at $2.9 trillion at the end of last year.
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Federal Reserve Sends Record $88.4 Billion Profit to U.S. Treasury
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