WASHINGTON (3/18/13)--The U.S. Federal Reserve System Friday released its 2012 combined annual financial statements for the Federal Reserve Banks and for the 12 individual Federal Reserve Banks.
The Federal Reserve Banks' 2012 net income before providing remittances to the U.S. Treasury was $90.6 billion. They provided $88.4 billion in remittances to the U.S. Treasury.
The Reserve Banks' net income was primarily derived from $80.5 billion in 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.
Total Reserve Bank assets as of Dec. 31 were $2.9 trillion, which is roughly the same as at the end of 2011.
Loans outstanding under the Term Asset-Backed Securities Lending Facility decreased to $0.6 billion from $9.1 billion in 2012 as a result of principal payments and loan prepayments.
To read the Fed release, use the link.