Chairman Rand Paul of the U.S. Senate Committee on Homeland Security and Governmental Affairs (HSGAC) launched an investigation on the Federal Reserve’s use of Interest on Reserve Balances (IORB). After months of correspondence, the Federal Reserve Board of Governors produced over 40,000 pages of documents detailing IORB payments for every two-week period from July 2013 through July 2025. This report released Dec 10th outlines the following key findings from the contents of the data:1. IORB payments equal 10 percent of the Federal Deficit2. The Federal Reserve has used IORB payments to subsidize Wall Street’s largest banks3. IORB payments are also subsidizing foreign bankshttps://www.hsgac.senate.gov/wp-content/uploads/2025.12.09_IORB-Report-VFINAL.pdf
Yay, a massive anti-american fucking traitor is "aUdItInG tHe FeD"! I bet it's gonna be great!
Senator Rand Paul explains IORB:>The Fed uses funds that would otherwise go to the taxpayer to make IORB payments to the largest banks in the world, both foreign and domestic. It’s a double whammy. Banks use your money that’s sitting in a checking account to earn as much as 5.4% interest, underwritten by your tax dollars, then pay you an average of 0.07% interest, and pocket the difference. IORB enables the Fed, without any form of oversight or elections, to unilaterally transfer wealth from the American taxpayer to the wealthiest banks on Wall Street.IORB payments have totaled hundreds of billions of dollars since 2013, and to date, most people don’t even know they exist. Those that do have been denied meaningful data to understand how they have been used to influence the American economy, allowing unelected officials at the Fed to influence the American economy in a way that rivals elected Members of Congress.>“At a time of persistent and self-imposed worsening losses at the Fed, the manipulators of the American economy continue to pay banks to do nothing but have their funds sit in a safe,” said Dr. Paul. “How can anybody, especially the populist Republicans and the entire Democratic Caucus, defend such a subsidy when supposed income inequality and the national debt is at the top of the political agenda?"
Don't care, hate Randlet's guts, plus hope he hangs for treason.
>>524024672>>524025716Fuck Rand "RINO" Paul.Lolberts can never be true patriots.
some background:The NY Fed's Quantitative Easing (QE) counterfeiting scheme:NYFed buys treasuries (and MBSs) outright from (only) NYFed primary dealers by creating reserves out of thin air, which seditiously undermines Congress’ sole power to regulate our currency. This is QE.NY Fed’s primary dealers then take those reserves and earn Interest on Excess Reserves aka IOER (now called IORB pic related) on them at the NYFed, interest which IS PAID IN CASH to the primary dealers--cash, which they DO MAKE INTEREST ON, this is their counterfeiting scheme (also, every penny paid in interest (cash) to the primary dealers for excess reserves also reduces the Fed’s remittance to the US Treasury).The NYFed used QE to bail themselves out during the financial collapse of 2008 and is how its primary dealers have been effectively counterfeiting our currency ever since.And in addition to the scheme above, the NYFed and its owners, the primary dealers, then use these US treasuries and MBS, bought with QE btw, like chips in a big casino with repos, reverse repos, margin loans, and foreign swap transactions to further rob the American public.....
>>524025698>>524025730>>524025808keknote how reserves and IORB rise concurrently, as the NYFed prioritizes paying out IORB to banks (mostly primary dealers) on the reserves they were PAID BY THE FED FOR TREASURIES PURCHASED DURING QEpic rel
>>524026341hi anon, thanks for this topicgreat news about the analysis report
Since 2022 the Fed has been operating at an unprecedented loss, averaging $96 billion in losses in each of the last two years.pic relthe Fed is now bankrupting the treasury to pay out banks all over the world
>>524027014hey anonit is a great reporthere is the link to the hearing on Dec 11, too, which was very good 1:45 minOversight hearing to examine the Federal Reserve's big bank welfare program, focusing on the IORB regime.US Homeland Security and Government Affairs Committeehttps://www.congress.gov/event/119th-congress/senate-event/337732Rand Paul Abolish IORB hearing Dec 11, 2025US Homeland Security and Government Affairs Committee
IORB payments are becoming larger and larger portion of the deficit.we are issuing debt to pay interest on reserves
>The top 20 bank recipients (see Figure 6) received approximately the same amount of IORB payments from 2020-2025 ($305 billion) as the next 4,500 banks received ($302 billion).pic rel
>The five largest banks in the U.S. by consolidated assets: JP Morgan Chase, Bank of America, Citibank, Wells Fargo, and U.S. Bank received $136 billion in IORB payments from 2013 to 2024, with 2024 payments alone amounting to $43.9 billion.>driver for profitability for these banks accounting for 16.5 percent of net interest income for the U.S.’s 5 largest banks in 2024
>JP Morgan Chase received $15 billion in IORB payments in 2024. According to its 2024 annual report, JPM's total investment banking fees charged to clients only totaled $9.1 billion, showing that the Fed’s interest payments were a larger driver of profits for JP Morgan Chase than its entire investment banking division. >the Fed’s interest payments were a larger driver of profits for JP Morgan Chase than its entire investment banking division. >the Fed’s interest payments were a larger driver of profits for JP Morgan Chase than its entire investment banking division.
>the Fed’s interest payments were a larger driver of profits for JP Morgan Chase than its entire investment banking division.<<<----This trend held for 4 of the top 5 banks in 2024, with the table below comparing investment banking fee revenues to IORB payments.
>>524027700>issuing debt to pay interest on reserveschecked, imagine that
>>524025698Shut up you stupid kike and/or zion don cultist
>>524025730Fuck you for being retarded. Why is he a traitor, trump said so and you also love sucking jewish cock?
>An analysis of the Fed’s IORB documents shows that from January 2013 through July 2025, 39 percent ($235 billion) of IORB payments were issued to foreign or majority foreign-owned banks.>the gross amount in payments sent to foreign banks continues to grow substantially each year as the Fed hasincreased IORB rates.
>>524029768>continues to grow substantially each year as the Fed has increased IORB rates.like i post in this text all the time:the Federal Reserve franchises have their dream come true, note the right side of the chart, high reserves and high IORB at the same timethe last time they tried to have both, JPM got raided by the FBI for rigging treasury and silver markets which caused the repo spike, all big banks failed again quietly and got bailed out again for trillions in Sept/Oct 2019 and then we had covid, which shut down the economy and conveniently hid their illiquidity lol
>As IORB rates drastically increased in late 2021 and 2022, not only did domestic banks rush to park capital at the Fed, but foreign banks also seemed to inject dormant capital from their international banks into their U.S. subsidiary to take advantage of the more generous risk-free interest offered for excess reserves. The share of IORB payments jumped from 28.5 percent foreign banks (the lowest since 2013) to nearly 40 percent of payments>Of top 10 recipients of IORB payments from July2013 to July 2025, 4 are foreign banks (bolded)
>>524027091do you think they see the writing on the wall and they're looting before running for the exits? government/finance behavior has been increasingly erratic for the last 6 years or so and it seems like their primary concern is keeping wool over the public's eyes.
<<<---“Bank profit subsidy” reflects the percent of participating depository institution’s net interest income that is attributable to IORB payments from the Fed. Notably, the American taxpayer has financed over 50 percent of Bahrain’s bank profits, 47 percent of Norway’s bank profits, and 22 percent of Japan’s bank profitsiow, center column is how much of bank profits are from the NYFed paying oput IORB
>>524030254and the second half of the foreign bank getting IORB >NYFed IORB is 50% of all Bahrain's banking incomeholy fuck we are being robbed fucking blind
>>524030056they are definitely looting the treasury with reckless abandon, now the Fed is ~$250 Billion in the hole b/c of paying out IORB (and RRP)for new anons:Notice on the top half of pic rel the NYFed squeezes out the citizens' currency and pays its ilk IORB and RRP instead, while also buying houses and bonds.The NYFed clearly prioritizes enriching its private owner banks over the citizens having a currencywhy doesn't Trump ever mention this?b/c fucking Trump thinks the NYFed is the housethe FUCKING US TAXPAYER IS THE FUCKING HOUSE>it's even fucking worse than I thought it was
>it's even fucking worse than I thought it was
>>524025716Da fuq? This is outrageous. What in the hell is going on?
now, we compare IORB paid out to banks by country vs tariffs received for Q2 2025the ones in red get paid more in IORB from the NYFed than tariffs paid to US
>>524030713bottom of table shows at least the tariffs received outweigh the IORB paid out
>>524027317Thank God for Rand Paul. Why the fuck are we giving foreign banks hundreds of billions of dollars. Detche Bank owes me about $40,000. And I bet we’re giving them tens of billions. No more. Fuck this shit.
<<<---put another way
>>524025698Nigger
>>524028481You’re going to regret ripping me off, Deutche Bank. I promise you that.
>>524030994>Thank God for Rand PaulThisthis is just the beginning of the auditingnow paul is chair of homeland security and govt affairsRand End the Fed’s Big Bank Bailout Act:https://www.paul.senate.gov/wp-content/uploads/2025/06/SIL25743.pdfThe End the Fed’s Big Bank Bailout Actamends Section 19 of the Federal Reserve Act to eliminate the Fed’s authority to make these interest payments. Senator Paul argues this simple change could save more than a trillion dollars over the next decade.
and Rand Paul just introduced this too, to audit the Fed
imagine had out tax dollars been going toward the citizens and infrastructure all of this time
>>524031231Based. Some folx need to go to jail and lose everything.
>>524031319This is so fucking disgusting I don’t have words.
>>524031096>this is just the beginning of the auditinglet us pray
AND the fucking incompetent Fed thinks their IORB and RRP policies bankrupting the Treasury is A RUNNING TALLY THAT THEY ARE TO BE REPAID (today, the bankrupt Fed franchise is ~$245 B in the hole)so essentially, the NYFed is trying to ROB US TWICE kek WITH THE SAME FUCKING CON
>>524024672>The federal reserve is welfareHmm
>>524031464Well, it is but... the U.S. gov and American citizens are in reality wholly-owned slaves to the Federal Reserve
>>524031418>let us prayand clawback lolok, i have to crash i have been up since 5amdo what you will with the thread, i just wanted to get it all in a thread to be able to linkpic related is a speech by Miran to the Fed about IORB and how people want to eliminate itMiran talks out both sides of this mouth
>>524031464the US treasury secretary says QE (aka IORB) is UBI for the NYFedsee top of pic rel
let me leave these two also lol
>>524031618Well it is an empire. A gay Jew empire
>>524031731ok, see you anons later thx for bumping
>>524031688>Quantitative easing is welfare for state sponsored mortgagesYes? There's a reason there's a housing bubble
>>524031642thanks anon, appreciate this one
>>524031812When something becomes too big to fail, can it be called a bubble? bubble implies these asset prices can pop or deflate, but housing and other assets are so leveraged, god knows how many times over, intertwined into other funding liabilities that it can't be allowed to pop. Perhaps instead of seeing these as bubbles, it's just simply a permanent wealth transfer.
>>524024672so basically what I am to understand from this is that banks(a supposed private entity) is being somewhat reliant on the federal reserve(government entity) for cash? is this the sum? and I would assume its bad when a private entity is reliant on a money printer for liquid flow. 10% is a pretty big number for businesses that run on tight profit margins, though I don't know what margins banks usually deal with but the fact that they're relying on the government at all is suspect?
>>524025698jew
>>524025698>>524025730>>524025808Kikes seething.
>>524032042>federal reserve(government entity)Central banks are quasi-governmental entities. The Federal Reserve Board is a 'government' entity that only reports to U.S. Congress periodically, but isn't fully 'accountable' to Congress per its charter.The separate district banks in the Federal Reserve System are controlled by private shareholdersBut yes, this is money that U.S. gov/us taxpayers are entitled to because according to the Fed's charter it 'works for' America and its citizens as the central bank.See >>524026124 for what IORB does in the Federal Reserve's operations via the NYFed (largest most powerful bank in the system)
>>524025698>>524031085>>524032105Nigger jew.
>>524032765oh yeah I completely forgot the federal reserve isn't the government but its own private entity, so these are two private entities that lean on one another that have big influence on government and direct relationship with government
>>524032872Correct, when we're discussing central banks and what they do they're private entities. (The host nation's sovereign treasury, with which they in tandem "print" currency, is the public government part of the partnership) Their influence on government, governance and the sovereign nation they "serve" is wide and profound.Just ask former U.K. PM Liz Truss:https://archive.4plebs.org/pol/thread/522930520
>>524033713well without them being independent I doubt other nations would even care to cooperate in an alliance. from this perspective it forms a fair partnership, if the fed was actually a part of the US government then the power the government would have over other nations looking to build partnerships with the USA would be incredibly unbalanced to be fair, would it not? I never really thought of why they are independent but its probably to maintain balance in partnership. if anything goes wrong the USA probably takes the brunt, but uh USA has a very strong economy, generally but idk.
I admire the man. He didn't give a fuck what you think.
