Federal Reserve Bank transfers to US Treasury 2004

The Federal Reserve Board on Friday 7 January released figures that indicate the Federal Reserve Banks distributed approximately $18.086 billion of their $23.541 billion total income to the U.S. Treasury during 2004.

Federal Reserve System income is derived primarily from interest earned on U.S. government securities that the Federal Reserve has acquired through open market operations. This income amounted to $22.344 billion in 2004. Additionally, income from fees for the provision of priced

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