Federal Reserve Posts $77 Billion Profit for 2011

Wed, Mar 21 2012 03:16pm PDT 1
Geno
Geno
194 Posts
The Federal Reserve issued its financial reports to the public on Tuesday, showing that it made a substantial profit of $77.4 billion in 2011 thanks to an active buying spree of purchasing bonds to stimulate the economy. While the numbers were a slight decline from the central bank's performance in 2010, the numbers are still staggering, and if the Fed were a private bank, would make it the most profitable in the world.
Direct Link:

Please login or sign up to post on this network.
Click here to sign up.