Fed Posts Record Earnings From Fighting Financial Crisis

January 12th, 2010

Federal Reserve banks paid a record $46.1 billion to the US Treasury in 2009 as aggressive bond purchases and lending to fight the financial crisis swelled its net income by nearly 47 percent to a record $52.1 billion. The Fed's payment to the Treasury represents an increase of $14.4 billion over its 2008 contribution and was the largest since the U.S. central bank was created in 1914