Federal Reserve makes record $52.1bn profit

BBC
January 12, 2010

[efoods]The Federal Reserve made a profit of $52.1bn (£32.2bn) in 2009, a rise of 47% over the previous year.

The sum allowed the central bank to pay a record $46.1bn to the US Treasury last year.

That was the largest amount ever paid by the central bank since its creation in 1914.

The record figure was largely thanks to its attempts to support the financial system throughout the ongoing financial crisis.

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This article was posted: Tuesday, January 12, 2010 at 11:31 am

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