News Summary: Fed pays government record $88.9B

Published on NewsOK Modified: January 10, 2013 at 11:57 am •  Published: January 10, 2013
Advertisement
;

HAVEN'T WE MET?: The Federal Reserve paid the federal government a record $88.9 billion in 2012, almost 18 percent more than a year ago. The previous record was $79.3 billion in 2010.

BOND SHARPIE: The central bank earned the money in part from the Treasury bonds and mortgage-backed securities it has purchased to drive interest rates lower and boost the economy.

THOSE WERE THE DAYS: Before it launched the first bond buying program in 2008, its annual payments had averaged below $30 billion for the previous three years.



Trending Now


AROUND THE WEB

  1. 1
    It’s harder to be a poor student in the U.S. than in Russia
  2. 2
    Man fatally stabbed in west Tulsa early Sunday
  3. 3
    How brain imaging can be used to predict the stock market
  4. 4
    Bridenstine tours Fort Sill, satisfied with facility's transparency
  5. 5
    10 Most Popular Wedding 'First Dance' Songs
+ show more