Federal Reserve Returns $77 Billion to the Treasury for 2011
Written by Gary North on January 11, 2012
Every year, the Federal Reserve System returns to the Treasury most of the money it receives as interest payments from the U.S. government. In 2010, this was over $79 billion. Interest rates were lower in 2011, so this year’s payment is around $77 billion. The FED by law has not been able to keep the […]
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