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  • 09-01-2019
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The federal reserve transfers profits from its twelve regional banks to

The federal reserve transfers profits from its twelve regional banks to class=

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scouteo
scouteo scouteo
  • 09-01-2019

The correct answer is D) The Department of Treasury.

The Federal Reserve transfers profits from its 12 regional Banks to the Department of Treasury.

By law, the Federal Reserve is required to transfer its profits each year to the Department of Treasury of the United States. Approximately 95% of the Federal Reserve income is generated by interest payments. The Federal Reserve is the Central Bank of the U.S. It promotes the economy in the country.  


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