https://www.stlouisfed.org/on-the-economy/2023/nov/fed-remittances-treasury-exp… Created Tue, 21/11/2023 - 21:30 Updated Tue, 21/11/2023 - 21:30 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.