Correction to Fed Profits Items
March 24 2017 - 3:45PM
Dow Jones News
The Fed's portfolio had an unrealized gain of $66.5 billion for
the year and an unrealized loss of $191.5 billion for the fourth
quarter. "Fed Sent $91.5 Billion in Profits to U.S. Treasury in
2016," at 12:03 p.m. EDT, and "Market Value of Fed Bond Portfolio
Plunged in 4Q -- Market Talk," at 12:19 p.m. EDT, incorrectly said
the market value of the Fed's holdings declined in 2016 and gave an
incorrect figure for the fourth-quarter unrealized loss. (March 24,
2017)
(END) Dow Jones Newswires
March 24, 2017 15:30 ET (19:30 GMT)
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