Fed Records 3rd Consecutive Quarterly Gain But Remittances To Treasury Won't Resume Any Time Soon

The Federal Reserve posted a $12.7 billion Q2 profit, its largest since Q2 2022 and its third consecutive quarterly gain. However, the Fed still has a $233 billion deferred asset, meaning Treasury remittances are unlikely to resume before mid-2031 and could be delayed further, limiting a source of federal budget revenue.