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At taxpayers expense, Fed paid banks $38.5 billion in interest on ‘reserves’ in 2018

Wolf Richter  |  January 11, 2019

The Fed reported its preliminary results this morning for the year 2018. The headline is that it sent $65.4 billion of its profits to the US Treasury Department in 2018, and that this amount had plunged by 18.5% from the remittances, as they’re called, in 2017, and by 44.1% from the peak of $117 billion in 2015.

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