Fed Remits $88.4 Billion to Treasury in Audited Financial Report
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The Federal Reserve paid a record $88.4 billion to the U.S. Treasury in 2012 as part of an annual dividend it remits to taxpayers.
The central bank provided the figure as part of its annual audited financial statements released today in Washington. The central bank’s financial statements are audited by New York-based Deloitte & Touche LLP. The Fed provided a preliminary estimate of an $88.9 billion remittance to taxpayers on Jan. 10. Last year, the Fed returned $75.4 billion to the Treasury.