AP: Federal Reserve pays government $88.9 billionSubmitted by the clover helix on Fri, 01/11/2013 - 08:18
"The Federal Reserve paid the federal government a record $88.9 billion in 2012.
The central bank earned the money from the Treasury bonds and mortgage-backed securities it has bought to drive interest rates lower and boost the economy.
The Fed said Thursday that the 2012 payment was up 17.9% from 2011, when it paid the federal government $75.4 billion. It also surpassed the previous record of $79.3 billion in 2010."
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