The Federal Reserve (Fed) experienced an unprecedented shift in its financial performance, with its net income plummeting from 58.84 billion U.S. dollars in 2022 to negative 114.3 billion U.S. dollars in 2023 - an exceptionally sharp decrease. This negative net income in 2023 marked the lowest point in the observed period. As the majority of the Fed's net income is typically remitted to the U.S. Treasury, these earnings remittances also saw a significant decline in 2023. This drastic decline in net income occurred because of the rapidly rising interest rates in 2023.
Net income of the Federal Reserve from 2013 to 2023
(in billion U.S. dollars)
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Federal Reserve. (March 25, 2024). Net income of the Federal Reserve from 2013 to 2023 (in billion U.S. dollars) [Graph]. In Statista. Retrieved October 30, 2024, from https://www.statista.com/statistics/1386660/federal-reserve-net-income/
Federal Reserve. "Net income of the Federal Reserve from 2013 to 2023 (in billion U.S. dollars)." Chart. March 25, 2024. Statista. Accessed October 30, 2024. https://www.statista.com/statistics/1386660/federal-reserve-net-income/
Federal Reserve. (2024). Net income of the Federal Reserve from 2013 to 2023 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: October 30, 2024. https://www.statista.com/statistics/1386660/federal-reserve-net-income/
Federal Reserve. "Net Income of The Federal Reserve from 2013 to 2023 (in Billion U.S. Dollars)." Statista, Statista Inc., 25 Mar 2024, https://www.statista.com/statistics/1386660/federal-reserve-net-income/
Federal Reserve, Net income of the Federal Reserve from 2013 to 2023 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1386660/federal-reserve-net-income/ (last visited October 30, 2024)
Net income of the Federal Reserve from 2013 to 2023 (in billion U.S. dollars) [Graph], Federal Reserve, March 25, 2024. [Online]. Available: https://www.statista.com/statistics/1386660/federal-reserve-net-income/
