Wednesday, December 30, 2015

Fed Feeds Feds Funds Update

In December the Fed transferred $27.5 billion to the Treasury from its interest earnings on the securities it purchased.

For the first quarter of Fiscal Year 2015-16 (October 1, 2015 - December 31, 2015), the Fed remitted $41.6 billion to the Treasury.

Like the fraternity song we used to sing in the late 1950s - early 1960s:

"Rolls in, rolls in
My God how the money rolls in."

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