Fed income drops in 2016

Federal Reserve
The Federal Reserve

The Federal Reserve Banks’ combined financial statements for 2016 show earnings fell somewhat in 2016. Interest income fell, costs rose and a new act adjusted the remittance process.

The Fed earned approximately $92 billion in 2016 and remitted $91.5 billion to the Treasury, compared with income of around $100 billion in 2015 and remittances of $117 billion.

Interest income declined by about $2.5 billion, which the Fed attributed to changes in the composition of its assets. The central bank

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected]nking.com to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: