The Fed's cumulative losses, known as "deferred assets," sit at near a RECORD $245 billion.

This represents the gap between what the Fed pays commercial banks in interest on their reserves and what it earns on its bond holdings.

The losses began in 2022 when the Fed aggressively raised interest rates to fight inflation, making its borrowing costs higher than its investment returns.

Importantly, it will take the Fed YEARS to fully eliminate the losses and resume remittances to the Treasury.

The Fed is one of the few institutions that can lose hundreds of billions of Dollars with almost no consequences.