Fed remits a record $97.7 billion to treasury
The Federal Reserve has announced that they have remitted a record $97.7 billion to the US Treasury in 2015. The payment represents the earnings from the 4.5 trillion balance sheet the Fed hold of government and agency debt as a result of QE.
I guess if you take
97,700,000,000/4,500,000,000,000 = 2.17% return for the year.
Now if I win the US Powerball at 1.4 billion and earn 2.17% for the year, that would equal: $30,380,000. I think I could live on that.....
(I had to do that math twice to make sure).
