Accurate, Focused Research on Law, Technology and Knowledge Discovery Since 2002

Federal Reserve Board announces Reserve Bank income, expense data and transfers to Treasury for 2015

“The Federal Reserve Board on Monday announced preliminary results indicating that the Reserve Banks provided for payments of approximately $97.7 billion of their estimated 2015 net income to the U.S. Treasury.  In addition, the Federal Reserve transferred to the Treasury $19.3 billion from Reserve Bank capital surplus on December 28, 2015, which was the amount necessary to reduce aggregate Reserve Bank surplus to the $10 billion surplus limitation in the Fixing America’s Surface Transportation Act (FAST Act).  The FAST Act, which was enacted on December 4, 2015, requires that aggregate Federal Reserve Bank capital surplus not exceed $10 billion.  The 2015 audited Reserve Bank financial statements are expected to be published in March and may include adjustments to these preliminary unaudited results. “

Sorry, comments are closed for this post.