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Article: FEDERAL RESERVE BOARD ANNOUNCED RESERVE BANK INCOME, EXPENSE DATA, TRANSFERS TO TREASURY FOR 2006
- Article from:
- US Fed News Service, Including US State News
- Article date:
- January 9, 2007
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The Federal Reserve Board issued the following press release:
The Federal Reserve Board on Tuesday announced that the Federal Reserve Banks distributed approximately $28.547 billion of their $37.838 billion total income to the U.S. Treasury during 2006.
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 $36.452 billion in 2006. Additionally, income from fees for the provision of priced services to depository institutions totaled $909 million. The remaining income of $477 million includes earnings on foreign currencies, earnings from loans, and ...