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Post by bot on Jan 9, 2015 17:45:54 GMT -5
Fed hands record $98.7 billion to Treasury
WASHINGTON (MarketWatch) - The Federal Reserve transferred a record $98.7 billion in earnings to the U.S. Treasury during 2014, the central bank announced Friday, a side benefit of its massive bond-buying purchases. The transfer is more than the prior record of $88.4 billion transferred in 2012. Under Fed policy, residual Fed earnings are distributed to Treasury after covering expenses. The remittances to the Treasury are made weekly. The Fed could suffer losses on its Treasury holdings if interest rates rise sharply, analysts said.
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