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The Fed’s Remittances to the Treasury: Explaining the 'Deferred Asset'
https://www.stlouisfed.org/on-the-economy/2023/nov/fed-remittances-treasury-explaining-deferred-asset
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The Federal Reserve typically generates excess earnings, which it remits to the U.S. Treasury. But what happens when the Fed’s costs exceed its income? A blog post explains.
