The total interest expense of the Federal Reserve increased drastically from 5.75 billion U.S. dollars in 2021 to 102.38 billion U.S. dollars in 2022. This was by far the highest interest expense reported during the observed period. As the Federal Reserve pays interest on the reserves banks keep at them, the interest expense of the Federal Reserve rocketed due to the sharply increasing interest rates in 2022.
Total interest expense of the Federal Reserve from 2013 to 2022
(in billion U.S. dollars)
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Interest expense in billion U.S. dollars
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Federal Reserve. (March 16, 2023). Total interest expense of the Federal Reserve from 2013 to 2022 (in billion U.S. dollars) [Graph]. In Statista. Retrieved July 03, 2024, from https://www.statista.com/statistics/1386650/federal-reserve-total-interest-expense/
Federal Reserve. "Total interest expense of the Federal Reserve from 2013 to 2022 (in billion U.S. dollars)." Chart. March 16, 2023. Statista. Accessed July 03, 2024. https://www.statista.com/statistics/1386650/federal-reserve-total-interest-expense/
Federal Reserve. (2023). Total interest expense of the Federal Reserve from 2013 to 2022 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: July 03, 2024. https://www.statista.com/statistics/1386650/federal-reserve-total-interest-expense/
Federal Reserve. "Total Interest Expense of The Federal Reserve from 2013 to 2022 (in Billion U.S. Dollars)." Statista, Statista Inc., 16 Mar 2023, https://www.statista.com/statistics/1386650/federal-reserve-total-interest-expense/
Federal Reserve, Total interest expense of the Federal Reserve from 2013 to 2022 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1386650/federal-reserve-total-interest-expense/ (last visited July 03, 2024)
Total interest expense of the Federal Reserve from 2013 to 2022 (in billion U.S. dollars) [Graph], Federal Reserve, March 16, 2023. [Online]. Available: https://www.statista.com/statistics/1386650/federal-reserve-total-interest-expense/