Easy to pay when one has a license to create money.
(From The Washington Examiner)
The $97.7 billion sum sent from the Fed to the Treasury on its profits was up slightly from 2014, when it remitted $96.9 billion. The profits were earned on the Fed’s massive portfolio of bonds. The Fed’s $4.5 trillion holdings, are mostly in U.S. Treasury securities and mortgage-backed securities backed by the government. That portfolio earned $113.6 billion in interest income in 2015, the Fed said.