According to Binyamin Appelbaum of the New York Times (2012, January 10), the US Federal Reserve Bank, which is a privately-held company in America, turned $77 billion in profits over to the US Treasury in 2011. For the record, the next most profitable public firm in America is Exxon Mobile with reported profits of $41 billion in 2011. Said another way, the US Federal Reserve Bank is more profitable than every public corporation in America.
Is anyone else concerned that the US Federal Reserve Bank is more profitable than every public company in America...?
Applebaum, B (2012, January 10), Fed Turns Over $77 Billion in Profits to the Treasury, New York Times.