Sure. Which has nothing to do with your confusion about the Fed and Treasury.
It is lent into existence as a liability to the borrower, an IOU, that means it has to be on some entities books as an asset on which they intend to make a profit.
FRNs are a liability of the issuer, they're an asset to the holder.
Since it is not a coupon bearing debenture, it’s essentially lent out at a discount below face value.
You are mistaken.
That difference is their profit. That is what the Federal Reserve discount rate is.
Wrong. The discount rate is the interest rate the Fed charges a bank that borrows money overnight at the Discount Window.
https://en.wikipedia.org/wiki/Discount_window
The Federal Reserve Banks don’t even need depositors to provide what they lend out;
Correct. Central banks are allowed to create money out of thin air.
By the way, did I happen to mention that by education I am an economist
Wow! Was AOC a classmate?
Your blanket sweeping statement is wrong on its face, showing you don’t grasp the meaning of a medium of exchange. It depends on how the "holder" acquired the notes. Money can be earned or borrowed by its holder. The first method makes money an asset the second makes it a liability. The only way to find the total assets (net value worth) is to subtract the liabilities (value owned by someone else) from the actual assets (value owned a person himself).
The beauty of money is in its utility as a tool, because of its agreed upon liquidity.
Wow! Was AOC a classmate?
I’ll echo your "Wow!" because you show your ignorance by that insulting remark comparing me to Ocassional-Cortex. She is a dyed-in-the-wool Marxist who doesn’t understand money at all; no Marxist does, as witness the Ruble. She thinks as all socialists do that you can fund your wonderful utopias by printing whatever money you need forever and ever.
I told you what school of economic thought I followed. Monetarist.
Such printing of fiat money as advocated by socialists such as AOC is the worst form of regressive taxation there is as it hits the poor much harder than any other segment of the population, causing their wages and savings to be rapidly devalued, as other, more wealthy individuals can hold wealth in forms other than money, such as land, stock, inventory, jewelry, tc., which doesn’t get diluted with the number of bills being printed by whatever means, printing or electronic (incidentally that includes government spending by borrowing money that previously did not exist from financial institutions to fund new programs, money that is then spent into circulation in whatever form.).