Does any one individual profit from federal reserve?

Answer:

By law, the Treasury has claim to all income after expenses (and a standard 6% dividend to member banks). This can be found in the US Code ..

TITLE 12 > CHAPTER 3 > SUBCHAPTER VI > § 290
Use of earnings transferred to Treasury

"The net earnings derived by the ... Federal reserve banks shall, in the discretion of the Secretary, be used to supplement the gold reserve held against outstanding United States notes, or shall be applied to the reduction of the outstanding bonded indebtedness of the United States under regulations to be prescribed by the Secretary of the Treasury..."

As an example, let's look at the income statement for the Federal Reserve http://www.federalreserve.gov/boarddocs/…

Note on page 2 under "Combined Statements of Income" it shows

Interest on U.S. Government Securities: $40B
Payment to U.S. Treasury ... $34B