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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: UncleBigs who wrote (73232)	10/30/2006 9:10:22 PM
From: bart13	Respond to 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. This number would have been higher if they hadn't reported a loss of $2.7 billion on foreign currencies. I wonder what the hell that was. Trying to prop up the dollar? Anyway, a lot of interesting info here. I'm going to spend some time. reading. Go to page 19 for the above info. Nice job, looks like I'm going to have to go back and reread the Control Act of 1980, and the original 1913 Act. I sure thought that 6% applied to return on assets, not equity. I think you're right on that $2.7 billion, it generally checks with line 5 for total currencies at federalreserve.gov , which I believe is the ESF account balance in disguise.

To: UncleBigs who wrote (73232)	10/31/2006 2:21:12 AM
From: bart13	Read Replies (2) \| Respond to 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.