On Friday, the preliminary figures for the US Federal Reserve systems were released.
The data indicated a record loss for 2023 and its income after expenses came in at a negative $114.3 billion last year, unlike the year before when the income after expenses was estimated at $58.8 billion in positive.
The loss was linen to the increases in interest expenses faced due to the US Fed's efforts to control inflation.
The Fed paid financial institutions $281.1 billion last year, against $102.4 billion in 2022.
Meanwhile, it earned $163.8 billion from bonds.
The Fed said operating expenses were estimated at $5.5 billion in 2023.
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