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Comment: The Fed sent $54.9 billion to the US Treasury in 2019

The Fed announced its preliminary estimate of remittances to the US Treasury for 2019. It sent a total of about $54.9 billion to the Treasury for 2019 compared to $65.3 billion in 2018, down for a fifth year in a row from the peak of $97.7 billion in 2015. On net, the amount is lower for two reasons: it made higher interest payments on reserves for a good part of 2019 and it had fewer holdings that earned interest.

The Fed will make its final report in March.

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