Federal Reserve System reports annual net income exceeding $63B

THE FEDERAL RESERVE SYSTEM will contribute $65.5 billion to the U.S. Treasury Department based on its preliminary 2018 financial results. The Fed system includes 12 Federal Reserve banks, including one in Boston, shown above. / BLOOMBERG FILE PHOTO/BRENT LEWIN
PROVIDENCE – The Federal Reserve System’s estimated net income for 2018 is $63.1 billion, the Fed announced. The figure represents the combined profit of the Fed’s board of governors and the 12 Federal Reserve banks nationwide. As a result, the Fed’s total payments to the U.S. Treasury Department for 2018 are estimated at $65.5 billion,…

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