Fannie/Freddie Receive Fed Loans at Primary Credit Rate
Date:
July 13, 2008 Fed lending is at the primary credit rate and collateralized by U.S. government and federal agency securities.
Source:
Notes:
Activities of the Federal Reserve are not directly recorded in the federal budget. However, each year the Federal Reserve remits a portion of its earnings to the general treasury. This remittance is generally in the range of $20-$30 billion per year, but the CBO estimates that the Fed's earnings will be lower by approximately $90 billion over the next ten years.