Federal Reserve Board Announces Reserve Bank Income And Expense Data And Transfers To The Treasury For 2021
<p><span>The Federal Reserve Board on Friday announced preliminary financial information indicating that the Reserve Banks had estimated net income of $107.8 billion during 2021, of which $107.4 billion was remitted to the U.S. Treasury as required under the Federal Reserve Act. The Federal Reserve Act requires the Reserve Banks to remit excess earnings to the U.S. Treasury after providing for operating expenses, payment of dividends, and the amount necessary to maintain surplus. The 2021 audited Reserve Bank financial statements are expected to be published later this year and may...
Source: mondovisione.com