Federal Reserve Annual Report

 The last time I reported on the Federal Reserve was in a blog post called What is the value of a dollar . As of 9/30/23, the Federal Reserve had assets measured at FMV of $6.787 trillion (including deferred asset of $106 billion) as opposed to liabilities and equity of $8.195 trillion, for a loss of $1.408 trillion.

They have now produced their annual report for the year ending 12/31/2023, and their SOMA assets show a FMV of $6.524 trillion and face value of $7.472 trillion for an unrealized loss of $948 billion.  Their deferred asset account has $133 billion.  So total unrealized losses are $1.081 trillion.  The total balance sheet as of 12/31/23 was $7.836 trillion.

So on a fair value basis, they earned $327 billion for the quarter, which is better than a loss.  But the deferred asset account increased by $27 billion.  This is really a disguised loss.  So the Federal Reserve is still losing money, benefitting the big banks and to the detriment of taxpayers.