WASHINGTON (3/17/14)--The Federal Reserve System Friday released the 2013 combined annual financial statements for the Federal Reserve Banks, as well as statements for the 12 individual Federal Reserve Banks, the consolidated variable interest entities that were created to respond to strains in financial markets, and the Fed Board of Governors.
The financial statements are audited annually by an independent auditing firm.
The Fed said in a release that:
The Federal Reserve Banks' 2013 earnings, inclusive of other comprehensive income, were $81.4 billion.
The Reserve Banks provided for remittances to the U.S. Treasury of $79.6 billion.
Interest income on securities acquired through open market operations--U.S. Treasury securities, government-sponsored enterprise (GSE) debt securities, and federal agency and GSE mortgage-backed securities (MBS)--totaled $90.4 billion, an increase of $9.9 billion over the previous year.
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