US Fed pays USD77.7 billion to government


(MENAFN) The US government received payments of USD77.7 from the Federal Reserve last year, Xinhua reported



The initial figure represents a 12 percent drop from the USD88.4 billion paid in 2012



The Fed's Treasury bonds and mortgage-backed securities brought an estimated net income of USD79.5 billion last year


MENAFN

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.