Capitalizations Index – B ∞/21M
More detail: https://bitscreener.com/coins/infinitecoin
Infinitecoin is an open-source peer-to-peer cryptocurrency forked from Litecoin in 2013. Some of its features include high circulation volume (at 90.6 billion coins), fast transaction times, an advanced check-pointing system that limits the effect of 51% attacks, and a wallet message system that warns users to postpone transactions if security issues are discovered.
mises.org / / March 24, 2017
As the Fed continues to increase the rate of interest it , the Fed’s profits that are left over are slowly going to shrink in size. Since the Fed sends its profits to the US Treasury each year, the US Treasury will be receiving less. The Wall Street Journal
The Federal Reserve sent $91.5 billion in profits to the Treasury Department last year, a $6 billion decline that officials have long expected as a result of rising interest rates.
The Fed’s total net income declined by $7.6 billion, to $92.4 billion, according to the Fed’s audited financial statements released Friday. The decline was primarily the result of higher interest payments it made to banks on the reserves they keep at the central bank.
David Howden has this process — and the implications for “Fed independence” — rather nicely:
Each year, the Fed remits to the US Treasury its net income, and thus provides the federal government with an important source of funding.
For the US Treasury, Fed remittances are something of a free lunch. When someone buys a Treasury bond, the government must pay them interest. This applies to the Fed as well, but then at year-end the Fed remits the interest back to the Treasury.
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