Fed gains $14 billion profits on loans

According to the Financial Times Monday report, the Federal Reserve gained $14 billion profits on loans made over last two years.

As experts considered, in case the Fed had invested the same amounted loaned out in three-month Treasury bills since August 2007, it would have earned $5 billion in interest.

The US central bank also obtained $19 billion from interest and fees charged to institutions that tapped liquidity facilities during the global financial crisis. 

The outlook doesn’t take in the consideration company bailouts and purchases of long-term assets and also unrealized gains or losses on the Fed's portfolio of mortgage-backed securities and Treasuries purchased as part of the $1.75 trillion asset purchase program.