When the fed buys securities, the securities go on their balance sheet. Now... granted some of the securities may be junk, but there is an entry on the balance

When the fed buys securities, the securities go on their balance sheet. Now... granted some of the securities may be junk, but there is an entry on the balance sheet. What would go on their balance sheet if they gave away money? The fed is a bank. Not a government. It's (arguably) the governments job to redistribute income. Not the job of a private institution.