Highlights of recently released Fed Board financial statements:
- Earnings were approximately $58.8 billion in 2022, representing a decrease of $49.1 billion from 2021;
- Interest income on securities acquired through open market operations totaled $170.0 billion in 2022, an increase of $47.6 billion from 2021;
- Interest expense on depository institutions' reserve balances was $60.4 billion in 2022, an increase of $55.1 billion from 2021;
- Interest expense on securities sold under agreements to repurchase was $42.0 billion in 2022, an increase of $41.6 billion from 2021.
- Net income from facilities related to the Federal Reserve's pandemic response was $108.0 million in 2022; and
- Operating expenses were $9.2 billion in 2022, including assessments of $2.8 billion for Board expenses, currency costs, and the operations of the Consumer Financial Protection Bureau.
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