Federal Reserve banks’ assets rose $491 billion in 2011 to $2.919 trillion, and their net income for the year was $77.4 billion, $75.4 billion of which went to the Treasury, the Fed announced Tuesday in the release of the 2011 combined audited annual comparative financial statements for the Fed banks.

The income, the Fed said in a release, “was derived primarily from $83.6 billion in interest income on securities acquired through open market operations (Treasury securities, federal agency and government-sponsored enterprise ... mortgage-backed securities ... and GSE debt securities).”

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