The total operating expenses of the Federal Reserve (Fed) were **** billion U.S. dollars in 2023, down from **** billion U.S. dollars in 2022. Total operating expenses included salaries and benefits, Board expenses, currency costs, and the operations of the Consumer Financial Protection Bureau.

Graph and download economic data for Other Operating Expenses for Monetary Authorities-Central Bank, All Establishments, Employer Firms (DISCONTINUED) (EXPOOPEF521ALLEST) from 2009 to 2012 about operating, employer firms, establishments, expenditures, services, banks, depository institutions, and USA.

United States Operating Cash Balance: Federal Reserve Account data was reported at 578.473 USD bn in 15 Apr 2022. This records a decrease from the previous number of 602.292 USD bn for 14 Apr 2022. United States Operating Cash Balance: Federal Reserve Account data is updated daily, averaging 117.704 USD bn from Jan 1998 (Median) to 15 Apr 2022, with 6017 observations. The data reached an all-time high of 1,830.546 USD bn in 27 Jul 2020 and a record low of 2.973 USD bn in 15 May 2008. United States Operating Cash Balance: Federal Reserve Account data remains active status in CEIC and is reported by Bureau of the Fiscal Service. The data is categorized under High Frequency Database’s Government & Other Securities – Table US.DB011: US Treasury Operating Cash Balance: Bureau of the Fiscal Service.

Graph and download economic data for Federal Government; Cash and Monetary Assets Other Than Treasury Operating Cash; Asset, Level (BOGZ1FL313026003Q) from Q4 1945 to Q1 2025 about cash, operating, Treasury, federal, assets, and USA.

Based on confidential supervisory data, this dataset estimates the degree of collateral re-use at the dealer level through their collateral multiplier: the ratio between a dealer's total secured funding and their outright holdings financed through secured funding. Treasury re-use increases as the supply of available securities decreases, especially when supply declines due to Federal Reserve asset purchases. Non-U.S. dealers' re-use increases when profits from intermediating cash are high, U.S. dealers' re-use increases when demand to source on-the-run Treasuries is high, and both types of dealers' re-use can alleviate safe asset scarcity. Finally, there was a sharp drop in Treasury re-use at the onset of the COVID-19 pandemic, with a subsequent reversal after the Federal Reserve's intervention to support market functioning.

It is commonly believed that the Fed's ability to control the federal funds rate stems from its ability to alter the supply of liquidity in the overnight market through open market operations. This paper uses daily data compiled by the author from the records of the Trading Desk of the Federal Reserve Bank of New York over the period March 1, 1984, through December 31, 1996. The author analyzes the Desk's use of its operating procedure in implementing monetary policy and the extent to which open market operations affect the federal funds rate-- the liquidity effect. The author finds that the operating procedure was used to guide daily open market operations. However, there is little evidence of a liquidity effect at the daily frequency and even less evidence at lower frequencies. Consistent with the absence of a liquidity effect, open market operations appear to be a relatively unimportant source of liquidity to the federal funds market.

The Federal Reserve's balance sheet has undergone significant changes since 2007, reflecting its response to major economic crises. From a modest *** trillion U.S. dollars at the end of 2007, it ballooned to approximately **** trillion U.S. dollars by June 2025. This dramatic expansion, particularly during the 2008 financial crisis and the COVID-19 pandemic - both of which resulted in negative annual GDP growth in the U.S. - showcases the Fed's crucial role in stabilizing the economy through expansionary monetary policies. Impact on inflation and interest rates The Fed's expansionary measures, while aimed at stimulating economic growth, have had notable effects on inflation and interest rates. Following the quantitative easing in 2020, inflation in the United States reached ***** percent in 2022, the highest since 1991. However, by *************, inflation had declined to *** percent. Concurrently, the Federal Reserve implemented a series of interest rate hikes, with the rate peaking at **** percent in ***********, before the first rate cut since ************** occurred in **************. Financial implications for the Federal Reserve The expansion of the Fed's balance sheet and subsequent interest rate hikes have had significant financial implications. In 2023, the Fed reported a negative net income of ***** billion U.S. dollars, a stark contrast to the ***** billion U.S. dollars profit in 2022. This unprecedented shift was primarily due to rapidly rising interest rates, which caused the Fed's interest expenses to soar to over *** billion U.S. dollars in 2023. Despite this, the Fed's net interest income on securities acquired through open market operations reached a record high of ****** billion U.S. dollars in the same year.

United States - All Other Operating Expenses for Monetary Authorities-Central Bank, All Establishments, Employer Firms was 3207.00000 Mil. of $ in January of 2020, according to the United States Federal Reserve. Historically, United States - All Other Operating Expenses for Monetary Authorities-Central Bank, All Establishments, Employer Firms reached a record high of 3402.00000 in January of 2019 and a record low of 2548.00000 in January of 2014. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - All Other Operating Expenses for Monetary Authorities-Central Bank, All Establishments, Employer Firms - last updated from the United States Federal Reserve on July of 2025.

Graph and download economic data for Money Market Funds; Security Repurchase Agreements (Federal Reserve Reverse Repurchase Agreement Operations); Asset, Revaluation (BOGZ1FR632051103Q) from Q4 1946 to Q1 2025 about revaluation, repurchase agreements, reverse repos, operating, MMMF, securities, assets, and USA.

United States - Federal Government; Treasury Operating Cash; Asset, Transactions was -1089433.00000 Mil. of $ in January of 2025, according to the United States Federal Reserve. Historically, United States - Federal Government; Treasury Operating Cash; Asset, Transactions reached a record high of 4840475.00000 in April of 2020 and a record low of -2653621.00000 in July of 2021. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Federal Government; Treasury Operating Cash; Asset, Transactions - last updated from the United States Federal Reserve on July of 2025.

United States - Operating Interest Expense for Monetary Authorities-Central Bank, All Establishments, Employer Firms was 102376.00000 Mil. of $ in January of 2022, according to the United States Federal Reserve. Historically, United States - Operating Interest Expense for Monetary Authorities-Central Bank, All Establishments, Employer Firms reached a record high of 102376.00000 in January of 2022 and a record low of 0.00000 in January of 2010. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Operating Interest Expense for Monetary Authorities-Central Bank, All Establishments, Employer Firms - last updated from the United States Federal Reserve on July of 2025.

United States - Federal Government; Cash and Monetary Assets Other Than Treasury Operating Cash; Asset, Transactions was -2596.00000 Mil. of $ in January of 2025, according to the United States Federal Reserve. Historically, United States - Federal Government; Cash and Monetary Assets Other Than Treasury Operating Cash; Asset, Transactions reached a record high of 67216.00000 in October of 1991 and a record low of -80216.00000 in January of 2004. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Federal Government; Cash and Monetary Assets Other Than Treasury Operating Cash; Asset, Transactions - last updated from the United States Federal Reserve on July of 2025.

United States - Federal Government; Operating Surplus, Net, Transactions was -4591.00000 Mil. of $ in January of 2025, according to the United States Federal Reserve. Historically, United States - Federal Government; Operating Surplus, Net, Transactions reached a record high of 9364.00000 in July of 2002 and a record low of -9576.00000 in April of 2024. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Federal Government; Operating Surplus, Net, Transactions - last updated from the United States Federal Reserve on July of 2025.

Graph and download economic data for Income and Expense: Net Operating Income (QBPQYNTOPY) from Q1 1984 to Q1 2025 about operating, Net, income, and USA.

United States - Federal Government; Operating Surplus, Net, Transactions was -8430.00000 Mil. of $ in January of 2024, according to the United States Federal Reserve. Historically, United States - Federal Government; Operating Surplus, Net, Transactions reached a record high of 7550.00000 in January of 1998 and a record low of -8430.00000 in January of 2024. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Federal Government; Operating Surplus, Net, Transactions - last updated from the United States Federal Reserve on July of 2025.

United States - Sources of Revenue: All Other Operating Revenue for Travel Agencies, All Establishments, Employer Firms was 2841.00000 Mil. of $ in January of 2021, according to the United States Federal Reserve. Historically, United States - Sources of Revenue: All Other Operating Revenue for Travel Agencies, All Establishments, Employer Firms reached a record high of 3649.00000 in January of 2019 and a record low of 1592.00000 in January of 2013. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Sources of Revenue: All Other Operating Revenue for Travel Agencies, All Establishments, Employer Firms - last updated from the United States Federal Reserve on August of 2025.

Graph and download economic data for Federal Government; Operating Surplus, Net, Transactions (FGOSNTQ027S) from Q4 1946 to Q1 2025 about operating, budget, IMA, transactions, federal, Net, government, and USA.

Graph and download economic data for Federal Debt Held by Federal Reserve Banks (FDHBFRBN) from Q1 1970 to Q1 2025 about debt, federal, banks, depository institutions, and USA.

United States - All Other Operating Expenses for Scientific Research and Development Services, All Establishments, Employer Firms was 57959.00000 Mil. of $ in January of 2022, according to the United States Federal Reserve. Historically, United States - All Other Operating Expenses for Scientific Research and Development Services, All Establishments, Employer Firms reached a record high of 77574.00000 in January of 2019 and a record low of 25315.00000 in January of 2012. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - All Other Operating Expenses for Scientific Research and Development Services, All Establishments, Employer Firms - last updated from the United States Federal Reserve on August of 2025.

United States - Gross domestic income: Net operating surplus: Private enterprises was 1810155.00000 Mil. of $ in January of 2025, according to the United States Federal Reserve. Historically, United States - Gross domestic income: Net operating surplus: Private enterprises reached a record high of 1880473.00000 in July of 2024 and a record low of 586949.00000 in January of 2002. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Gross domestic income: Net operating surplus: Private enterprises - last updated from the United States Federal Reserve on July of 2025.