Fed paid $97.7 billion to Treasury in 2015

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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.

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