Fed 2016 profits to Treasury fall - RTRS

Dhwani Mehta FXStreet

The Fed published the preliminary estimates of its 2016 results late-Tuesday, via Reuters, noting that its year-end remittances to the US Treasury are expected to fall to $92 billion, down $5.7 billion from a record $97.7 billion transferred in 2015.

The decline in profits can be partly attributed to a drop of about $2.6 billion in what the Fed earns on its holdings of US Treasury bonds and mortgage-backed securities accumulated in fighting the 2007 to 2009 financial crisis.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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