Net income of the Federal Reserve (Fed) dropped from 107.93 billion U.S. dollars in 2021 to 58.84 billion U.S. dollars in 2022, a decrease of almost 50 percent. The total net income reported in 2022 was the second lowest during the observed period. As the largest part of the Fed's net income is paid to the U.S. Treasury, earnings remittances also declined significantly in 2022.
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