The Fed’s payments to the Treasury hit a decade low in 2019 as the repo crisis raged
|01/12/2020||Posted by BusinessMediaguide.Com under General World News||
- The Federal Reserve last year paid the US Treasury its smallest sum in a decade, doling out $54.9 billion throughout 2019.
- The central bank faced income pressures from declining interest income and surging expenses, according to a Friday statement.
- The Fed’s market repurchase agreement, or repo, operations drove costs higher through the second half of the year as the bank added billions of dollars to the US financial system.
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The Federal Reserve paid the US Treasury its smallest sum in a decade in 2019 as the central bank faced higher operating costs and read more >>>