Fed gives U.S. a record $88.9B

01/10/2013 | Washington Post, The

The Federal Reserve paid the U.S. government a record $88.9 billion in 2012, a 17.9% increase from $75.4 billion in 2011. The central bank earned the money from the mortgage-backed securities and Treasury bonds it has bought. The previous record was $79.3 billion in 2010.

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Washington Post, The

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