Liquidity operations squeezed Fed’s net income last year

US Federal Reserve
Photo: US Federal Reserve

The Federal Reserve’s recent liquidity injections led to its lowest remittance to the Treasury since 2009, preliminary results show.

The central bank handed over $54.9 billion to the Treasury, down from $65.8 billion in 2018.

In total, the Fed’s net income was $55.5 billion, down by $7.6 billion in 2018. This is the lowest figure since 2009, where it netted $52.1 billion. 

The decline was due largely to a decrease of $9.5 billion in interest income on securities purchased through open market

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