Re: Seigniorage, Who, What, Why

From: Lantern (gchand4059_at_aol.com)
Date: 08/13/04


Date: 13 Aug 2004 21:55:31 GMT

wfhummel wrote:

>>Hummel: [The Fed] rebates all of its income after expenses to the Treasury.>>

Can I conclude then that seigniorage profits go to the U.S. Treasury. And they
are accounted for in the FED's "Income minus expenses" notation?