News release: “The Federal Reserve System on Friday released the 2012 combined annual financial statements for the Federal Reserve Banks, as well as for the 12 individual Federal Reserve Banks, the consolidated variable interest entities (VIEs) that were created to respond to strains in financial markets, and the Board of Governors. These financial statements are audited annually by an independent auditing firm. The Federal Reserve Banks’ 2012 net income before providing for remittances to the U.S. Treasury was $90.6 billion. The Reserve Banks provided for remittances to the U.S. Treasury of $88.4 billion.”