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    <title>Business Recorder - Business &amp; Finance - Money &amp; Banking</title>
    <link>https://www.brecorder.com/</link>
    <description>Business Recorder</description>
    <language>en-Us</language>
    <copyright>Copyright 2026</copyright>
    <pubDate>Thu, 13 Aug 2026 13:45:47 +0500</pubDate>
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      <title>US Fed delivers $79bn boost to government</title>
      <link>https://www.brecorder.com/news/8188/us-fed-delivers-79bn-boost-to-government</link>
      <description>&lt;p class="MsoPlainText"&gt;&lt;img style="margin-right: 10px; margin-bottom: 10px; float: left;" alt="  " src="https://i.brecorder.com/images/stories/pics2011/mar/us-central-bank_400.jpg" width="400" height="300" /&gt;WASHINGTON: The US central bank was a pretty profitable business in 2010, returning $79.3 billion to the government, much of it interest on securities bought to prop up the economy, it said Tuesday.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;The Federal Reserve published its official accounts showing a net profit of $81.7 billion, a 53 percent hike from the previous year's $53.4 billion.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Of that it said it would deliver $79.3 billion to the US Treasury, 67 percent more than the government's take for 2009.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Nearly $45 billion of its earnings came from mortgage-backed securities it absorbed when their values had plummeted in 2008, putting the financial institutions which owned them in danger.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Critics at the time said the Fed was risking taxpayer money on junk assets, though the securities it bought were mostly better-quality assets from state-owned financiers.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;It also earned $26 billion from securities it bought from the Treasury, part of its operations to stimulate the economy as it moves slowly back from recession.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;&lt;Center /&gt;&lt;b&gt;&lt;i&gt;Copyright AFP (Agence France-Presse), 2011&lt;/b&gt;&lt;/i&gt;&lt;/center&gt;&lt;/p&gt;
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      <content:encoded xmlns="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p class="MsoPlainText"><img style="margin-right: 10px; margin-bottom: 10px; float: left;" alt="  " src="https://i.brecorder.com/images/stories/pics2011/mar/us-central-bank_400.jpg" width="400" height="300" />WASHINGTON: The US central bank was a pretty profitable business in 2010, returning $79.3 billion to the government, much of it interest on securities bought to prop up the economy, it said Tuesday.</p>
<p class="MsoPlainText">The Federal Reserve published its official accounts showing a net profit of $81.7 billion, a 53 percent hike from the previous year's $53.4 billion.</p>
<p class="MsoPlainText">Of that it said it would deliver $79.3 billion to the US Treasury, 67 percent more than the government's take for 2009.</p>
<p class="MsoPlainText">Nearly $45 billion of its earnings came from mortgage-backed securities it absorbed when their values had plummeted in 2008, putting the financial institutions which owned them in danger.</p>
<p class="MsoPlainText">Critics at the time said the Fed was risking taxpayer money on junk assets, though the securities it bought were mostly better-quality assets from state-owned financiers.</p>
<p class="MsoPlainText">It also earned $26 billion from securities it bought from the Treasury, part of its operations to stimulate the economy as it moves slowly back from recession.</p>
<p class="MsoPlainText"><Center /><b><i>Copyright AFP (Agence France-Presse), 2011</b></i></center></p>
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      <category>Business &amp; Finance</category>
      <guid>https://www.brecorder.com/news/8188</guid>
      <pubDate>Tue, 22 Mar 2011 17:05:30 +0500</pubDate>
      <author>none@none.com (Imad Uddin)</author>
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