At Taxpayers' Expense, Fed Paid Banks $38.5 Billion in Interest on "Reserves" in 2018. Here's How
By Wolf Richter / January 10, 2019 / marketsanity.com / Article Link
Normally, this would be ironic: The Fed doesn't need to borrow; it creates money when it needs some. So it wouldn't pay interest. But these are not normal times.