Work

The Federal Reserve's Secret Payouts to U.S. Banks: How High Interest Rates Have Quietly Enriched Financial Institutions Geopolitics Report Vol 1 Issue 10

Year: 2024

Type: article

Abstract: The Federal Reserve’s policy of paying banks interest on reserves has resulted in an unprecedented windfall for U.S. banks, with over $1.1 trillion in excess profits flowing to financial institutions between 2021 and 2023.

Source: Zenodo (CERN European Organization for Nuclear Research)

DOI: 10.5281/zenodo.13924477

Authors: Valamontes, Antonios, Valamontes Center For Scientific Publication

Language: English

Topic: Banking stability, regulation, efficiency

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W6948800051

FWCI:

Cites:

Cited by:

Related to: