Fed's paper losses top the $200 billion mark
U.S. Federal Reserve losses crossed the $200 billion point this week, according to data released on Thursday by the central bank. The Fed reported that as of Wednesday, the level of its so-called earnings remittance to the Treasury Department stood at negative $201.2 billion. The number represents a paper loss that central bank officials have noted does not impair their ability to conduct monetary policy./ The negative number is captured in an accounting measure the Fed calls a deferred asset. The Fed must cover this shortfall before it can ...
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