; and (B) provide prepurchase agreements under which the facility will purchase loans and agree that such loans will be repurchased by the public member bank at such time as is agreed upon by such facility and member bank. (c) Administrative, operating, and maintenance costs The Board of Governors shall pay all administrative, operating, and maintenance costs associated with the accounts, services, and facilities described in subsection (b). (d) Reimbursement The Board of Governors shall reimburse a public member bank for any expenses reasonably incurred in the process of operating as a pass-through intermediary described in subsection (b)(3). (e) Expenses (1) Member services Any expenses incurred by the Board of Governors under paragraphs (1) through (3) of subsection (b) and under subsections (c) and (d) shall be recorded— (A) in an account to be known as the Special Public Member Bank Services Account established at the Federal Reserve Bank of New York; and (B) 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 maintained separately from the balance sheet of the Federal Reserve Bank of New York and 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. (2) Facilities Any expenses incurred by the Board of Governors under paragraphs (4) through (7) of subsection (b) shall be recorded— (A) in an account to be known as the Special Public Member Bank Liquidity and Credit Account established at the Federal Reserve Bank of New York