Federal Reserve Banks: Combined Financial Statements (2025)

Government Record · Federal Reserve Banks; audited by KPMG LLP · March 12, 2026

Federal Reserve Banks, March 2026, audited by KPMG: the 2025 financial statements explain that the banks send excess earnings to the Treasury weekly and pause when earnings fall short, recording a deferred asset until payments resume.

Remittances to the Treasury are made on a weekly basis

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Federal Reserve Banks, March 2026, audited by KPMG: the 2025 financial statements explain that the banks send excess earnings to the Treasury weekly and pause when earnings fall short, recording a deferred asset until payments resume.

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