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Home » Topics » The Federal Reserve�

Fed pays near-record billions to U.S. Treasury

The Federal Reserve. Image via AFP.

The Federal Reserve said Tuesday it had paid $76.9 billion to theUS Treasury from its estimated 2011 earnings, mainly income from interest collected on a range of securities. The amount was only three percent below the 2010 record payment of $79.3 billion, and reflected the extraordinary actions the Fed has taken to prop up…

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