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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: UncleBigs who wrote (73232)10/31/2006 2:21:12 AM
From: bart13  Read Replies (2) of 110194
 

I found it. For 2005, the Fed collected $29 billion in interest on its holdings of US Treasuries and refunded $21.5 billion back to the treasury.


I was just looking a little deeper and I think your conclusion is off base.

Its true that the Fed collected $29 billion in interest on its holdings of US Treasuries, but the $21.5 billion refunded back to the Treasury was interest for currency. The actual line description is "Payments to U.S. Treasury as interest on Federal Reserve notes". It is not rebating interest collected on Treasures owned by the Fed, but rather paying interest on the $700+ billion Fed liability for actual currency.
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