re: Interest on the debt is 60% of the Amount taken in by the Treasury in February

It's saying that they "owe" the treasury that much, but don't worry, they've got that covered w/ "deferred assets".

quote:

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In this case, the Fed creates a “deferred asset,” which is a negative liability whose value is the cumulative value of the shortfall in earnings. Once the Fed returns to earning a positive net income, it will pay down the value of the deferred asset until it reaches zero, at which point the Fed will resume sending remittances to the Treasury.

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