Fed's loan programs earn $14 billion profit, officials say

08/31/2009 | Financial Times (tiered subscription model) · NYTimes.com

The Federal Reserve has earned about $19 billion from fees and interest it charged to banks and investors using its lending facilities during the past two years. Had the Fed invested that money in Treasury bills, it would have earned about $5 billion, meaning the central bank has made about $14 billion in profit from the facilities, according to an internal estimate.

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Financial Times (tiered subscription model) · NYTimes.com