Federal Reserve Board 2023 Annual Financial Statements Release

The Federal Reserve Board released the ______ annual audited financial statements for the Federal Reserve Banks.

An independent public accounting firm issued ______ opinions, asserting that its audit found the financial statements to be free of material misstatements.

The Board released individual and combined statements for the Board, the 12 Federal Reserve Banks, and 3 ______ related to lending facilities established to support the Federal Reserve's pandemic response.

Total assets of the Reserve Banks as of December 31, 2023, were approximately ______ trillion.

Total assets were composed primarily of $7.5 trillion of U.S. Treasury securities and federal agency and government-sponsored enterprise ______ securities acquired through the conduct of monetary policy.

The Federal Reserve Act requires the Reserve Banks to remit excess ______ to the U.S. Treasury after providing for operating costs, payments of dividends, and an amount necessary to maintain surplus at the statutory limit.

In 2023, the ______ reported by the Reserve Banks increased by $116.7 billion resulting in a cumulative deferred asset at year-end of $133.3 billion.

The Board engaged ______ to audit the financial statements of the Reserve Banks and the LLCs in accordance with applicable standards.

Interest income on securities acquired through open market operations totaled $163.8 billion in 2023, a ______ of $6.2 billion from 2022.

Operating ______ were $9.2 billion in 2023, including assessments of $2.9 billion for Board expenses, currency costs, and the operations of the Consumer Financial Protection Bureau.