Reserve Banks Return Nearly $90 Billion to U.S. Treasury
In 2012 the Federal Reserve System transferred most of its net income to the U.S. Treasury. The 2012 transfer totaled $88.9 billion.
Securities interest, commercial services generate income
The Reserve Banks had interest expenses of $3.9 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 $450 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 2012) to Federal Reserve member banks and making adjustments necessary so that surplus equals paid-in capital ($461 million in 2012).
January 28, 2013