Reserve Banks Return $77 Billion to U.S. Treasury
In 2011 the Federal Reserve System transferred most of its net income to the U.S. Treasury. The 2011 transfer totaled $76.9 billion.
Securities interest, commercial services generate income
The Reserve Banks had interest expenses of $3.8 billion on depository institutions' reserve balances and term deposits.
The income that the Reserve Banks generated through fees for providing services such as payments processing for depository institutions contributed an additional $479 million.
Federal Reserve Board policy directs each Reserve Bank to transfer its yearly net income to the U.S. Treasury after paying statutory dividends ($1.6 billion in 2011) to Federal Reserve member banks and making adjustments necessary so that surplus equals paid-in capital ($375 million in 2011).
January 31, 2012