March 15 (Reuters) – The Federal Reserve sent a record $88.4
billion in profits to the U.S. Treasury last year, audited
results showed on Friday, a big payday for the government thanks
to the central bank’s massive bond purchases.
The income came mostly from $80.5 billion in interest on
Treasury bonds and mortgage-backed securities, according to the
annual financial statements audited by Deloitte. Total Fed bank
assets stood at $2.9 trillion at the end of last year.