The Most Profitable Bank In The World Is More Profitable NowJanuary 11, 2013 1:12 pm
We had written about the kind of money made by the Fed, that made it the most profitable bank in the world – we spotted some numbers today, that makes the Fed more profitable now, and it is on a growth trajectory as well. It has a $2.9 trillion balance sheet now, and some 89 billion dollars have been sent back to the government (Source)
How do we digest these billions and trillions? One way could be this: the easing program is still on, and so the balance sheet would swell by 85 billion dollars every month, or more than a trillion dollars in 2013. But where does the Fed’s profits come from? We need to do some analysis on that, and that would be a separate post.