国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

U.S. Fed sends roughly 80.2 bln U.S. dollars in profits to Treasury in 2017

Source: Xinhua| 2018-01-11 04:51:57|Editor: Shi Yinglun
Video PlayerClose

WASHINGTON, Jan. 10 (Xinhua) -- U.S. Federal Reserve said on Wednesday that its remittances to U.S. Treasury Department are expected to continue to decline in 2017 due to increases in interest payments to commercial banks.

The Fed is expected to pay about 80.2 billion U.S. dollars to the Treasury in 2017, down from the 91.5 billion dollars in 2016, and falling for a second year in a row, according to preliminary estimates by the Fed.

The drop was primarily due to the increases in the central bank's interest payments to commercial banks for their reserves deposited at the central bank. In 2017, such payments increased 13.8 billion dollars.

After the global financial crisis, the Fed adopted a series of bond-buying programs in order to stimulate the economy. The central bank could use the profits of its bond holdings to cover its own operating expenses and sends the rest to the U.S. Treasury.

The Fed's remittances to the Treasury peaked 97.7 billion dollars in 2015, but began to decline after the Fed raised interest rates in December 2015 for the first time since the financial crisis.

Such remittances are expected to decline further as the Fed in last October began to shrink its 4.5 trillion dollar balance sheet which was accumulated during the bond-purchasing programs.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001368862361
主站蜘蛛池模板: 宁武县| 蕉岭县| 安达市| 万盛区| 林口县| 常山县| 故城县| 抚松县| 盘锦市| 板桥市| 康乐县| 鲁甸县| 南通市| 平凉市| 丹阳市| 观塘区| 汾西县| 赤壁市| 清镇市| 保定市| 诸城市| 屯昌县| 水城县| 屏山县| 绍兴县| 磐安县| 乌苏市| 久治县| 石屏县| 禄丰县| 林州市| 寻乌县| 南和县| 伊吾县| 鸡东县| 隆子县| 招远市| 日土县| 乌兰浩特市| 安吉县| 彭泽县|