11 Mar 2011

It’s Good to Have a Printing Press

Federal Reserve 1 Comment

I came across these figures for a Mises.org article. I hadn’t seen them reported:

The Federal Reserve Board on Monday announced preliminary unaudited results indicating that the Reserve Banks provided for payments of approximately $78.4 billion of their estimated 2010 net income of $80.9 billion to the U.S. Treasury. This represents a $31.0 billion increase in payments to the U.S. Treasury over 2009 ($47.4 billion of $53.4 billion of net income). The increase was due primarily to increased interest income earned on securities holdings during 2010.

There are other interesting stats at the link.

One Response to “It’s Good to Have a Printing Press”

  1. Daniel Kuehn says:

    I will step in for the Chartalists that apparently frequent the blog and point out that it’s not really a printing press so much as a mere keystroke