The Fed currently holds about $5.435 trillion in Treasuries. The interest paid on these securities is remitted to the government.
In other words - a Ponzi Scheme
Awwww... that sure is nice of them to loan the government 5 trillion and not even collect any interest. That must be why they resist audits tooth and nail.
“The interest paid on these securities is remitted to the government.”
The interest on the other $25 trillion is not.
The Fed currently holds about $5.435 trillion in Treasuries. The interest paid on these securities is remitted to the government.
^^^^^^^^^^^^^^^^^
so the US gummit gets that $853 billion
According to the Treasury Department: the Fed, together with all other federal government accounts (SSA, Military Retirement Fund, Medicare), hold $12.26 trillion.