Reservation

The Fed paid banks $30 billion on 'excess reserves' for 2017

6 monthes ago   |   By

Andrew Harnik/AP
The Fed pays banks interest on their required reserves and on their excess reserves at the Fed.
Every time the Fed has raised its target range for the federal funds rate it also raised the interest rates it pays the banks on reserves.
At taxpayer expense: easiest, risk-free, sit-on-your-ass profit ever.
The Federal Reserve's income from operations in 2017 dropped by $11.7 billion to $80.7 billion, the Fed announced today. Its $4.45-trillion of assets - including $2.45 trillion of US Treasury securities and $1.76 trillion of mortgage-backed securities that it acquired...
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