The only bank made huge profit last year in U.S. is US Federal Reserve.<br><b...

Terrence Miao - 2012-01-17 10:21:26+1100 - Updated: 2012-01-17 10:21:26+1100

The only bank made huge profit last year in U.S. is US Federal Reserve.

Because of its unique business model. Rather than paying for funding, it simply creates the money that it needs at no cost. The return on its investments, as a result, almost all flows directly to the bottom line.

Hope Fed Reserve can list itself in NY Stock market one day ...

Fed Returns $77 Billion in Profits to Treasury

Dean Budd - 2012-01-17 11:25:15+1100 - Updated: 2012-01-17 11:26:02+1100

Who does this "profit" go to if they have no shareholders and it's a public bank? ;)

Terrence Miao - 2012-01-17 11:33:40+1100 - Updated: 2012-01-17 11:38:38+1100

U.S. government, represented by President Obama, is the solo and the biggest shareholder at the moment.

Americans should break this monopoly in the coming President election <hahaha />

Dean Budd - 2012-01-17 11:40:07+1100

Apparently there's not even anymore gold left in The Fed! Just printing machines! hahaha

Terrence Miao - 2012-01-17 11:44:43+1100

Very true.

Only two things U.S. government can't do: 1. Control of the weather 2. Print gold.

Oleg Kiorsak - 2012-01-17 12:14:00+1100

ah, I now can see how machine performance can translate directly into a "cash flow"... ;-)

James Gemmell - 2012-01-18 08:51:55+1100 - Updated: 2012-01-18 08:52:06+1100

A bizarre feature of this "profit" is that the interest payments on the US Treasuries owned by the Fed are paid by, umm, the US Treasury.