Is the Federal Reserve System a Way of Back-Doring?

Catherine has ordered a book on the federal income tax and would like to review it. Peter Henderson's Cracking the Code is published by Hodder & Stoughton at £16.99. Catherine: My husband had a patient who worked for the Federal Reserve. He told me the profit made by the Federal Reserve goes back into the US Treasury. Is that true? Yes and no. It's a much more complicated story.