Article Image

IPFS News Link • Federal Reserve

Federal Reserve made $14 billion on turmoil loans

• Reuters
The Federal Reserve has made $14 billion in profits on loans made in the last two years.

The U.S. central bank also earned about $19 billion from interest and fees charged to institutions that tapped liquidity facilities during the global financial crisis, the report said.

If the Fed had invested the same amounted loaned out in three-month Treasury bills since August 2007, it would have earned $5 billion in interest, the FT said.

 

2 Comments in Response to

Comment by RickStone
Entered on:

 Transparnecy will end the Fed. Support HR 1207 by Ron Paul. Take back our country and take back our money.

Comment by Anonymous
Entered on:

Get ready for your first Depression http://thecomingdepression.blogspot.com/2009/08/bob-chapman-over-4000-banks-will.html



Home Grown Food