the Treasury Department by the Federal Reserve System or a Federal reserve bank, and any overdraft liability incurred by the Department of the Treasury shall not be included in calculations of public debt subject to limit under section 3101 of title 31, United States Code. (4) Treatment of losses The Federal Reserve Bank of New York shall record any losses incurred as a result of spending undertaken on behalf of the Secretary from the Fund Account as a deferred asset (as described in section 11.96 of the Financial Accounting Manual for Federal Reserve Banks, as in effect on the date of the enactment of this Act) and shall be excluded from calculations of the net operating position or consolidated balance sheet of the Federal Reserve Bank of New York or the Federal Reserve System, so as to not reduce or impact the calculation of total income or revenue generated by the Federal Reserve System, or otherwise reduce the total amount of net operating profits to be made available for remittance to the Treasury on an ongoing basis.