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The Fed creates deferred assets to account for losses. But how are the Fed's expenses (deferred assets) "removed" as stipulated in their accounting manual?

"A debit balance in the Accrued Remittances to Treasury / Deferred Asset account 240-925 represents the amount of net earnings that a Reserve Bank will need to realize before remittances to Treasury resume. In this case, the Bank will not make a remittance to Treasury on the first Wednesday in January.

On the January year-end closing date designated by the Board, the previous year's income, expense, and other capital account balances except for capital paid in and surplus are removed from the balance sheet. The amounts removed should be final data for the year as determined by the Reserve Bank and should agree dollar for dollar with the results for the year, which are reported elsewhere, such as in the annual CASPR reports and the reports on income from services."

https://www.federalreserve.gov/aboutthefed/chapter-6-reporting-requirements.htm

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