The Fed reported that in 2020 net profit was $ 88.8 billion, an increase of $ 33.3 billion compared to the previous year, of which $ 88.5 billion will be transferred to the treasury.
In a written statement from the US Federal Reserve (Fed), leading data on the bank’s income and expenses for 2020 were shared. The statement noted that the Fed’s estimated net profit in 2020 was $ 88.8 billion, an increase of $ 33.3 billion compared to the previous year.
In the statement, which stated that $ 88.5 billion of the said profit will be transferred to the US treasury, it was stated that interest expenditures decreased in this period.
In the statement, it was stated that the operating expenses of 12 Fed branches stood at $ 4.5 billion in 2020. In the Fed’s statement, it was stated that the audited financial statements for 2020 are expected to be published in March.
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