Since September 2022, the Federal Reserve has lost about $36 billion. A big number!—and notably big compared to the Fed’s stated capital of $42 billion. Thus the Fed has already run through about 85% of its capital and has only $6.6 billion (0.07 % of its total assets) left as of February 22. How long will it take to burn through that? Less than three weeks.
So the Fed’s real capital will hit zero in mid-March. By April Fools’ Day, it will be proceeding into ever more negative territory. [This is shown in the attached graph--could be used or not.]
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