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FEDERAL RESERVE statistical release

 

 

For Release at

4:30 P.M. Eastern time

May 5, 2022

 

 

In table 4, the outstanding amount of facility asset purchases for MS Facilities LLC (Main Street Lending Program) reflects the quarterly update to the allowance for loan losses.  The allowance for loan losses was estimated based upon the Main Street Lending Program holdings as of March 31, 2022.

 


 

FEDERAL RESERVE statistical release

 

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks

May 5, 2022

 

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Reserve Bank credit, related items, and
reserve balances of depository institutions at
Federal Reserve Banks

Averages of daily figures

Wednesday
May 4, 2022

Week ended
May 4, 2022

Change from week ended

Apr 27, 2022

May 5, 2021

Reserve Bank credit

 8,903,770

-   14,476

+1,151,462

 8,903,659

Securities held outright1

 8,482,011

-   13,405

+1,263,555

 8,482,597

U.S. Treasury securities

 5,764,648

+      994

+  739,864

 5,765,229

Bills2

   326,044

         0

         0

   326,044

Notes and bonds, nominal2

 4,975,463

         0

+  660,264

 4,975,463

Notes and bonds, inflation-indexed2

   380,862

         0

+   45,299

   380,862

Inflation compensation3

    82,280

+      995

+   34,302

    82,861

Federal agency debt securities2

     2,347

         0

         0

     2,347

Mortgage-backed securities4

 2,715,016

-   14,400

+  523,691

 2,715,020

Unamortized premiums on securities held outright5

   340,746

-    1,008

-    8,797

   340,492

Unamortized discounts on securities held outright5

   -23,274

-      105

-   11,121

   -23,400

Repurchase agreements6

         0

         0

         0

         1

Foreign official

         0

         0

         0

         0

Others

         0

         0

         0

         1

Loans

    24,568

-       23

-   50,511

    23,905

Primary credit

     3,068

+      448

+    2,369

     2,606

Secondary credit

         0

         0

         0

         0

Seasonal credit

         5

+        3

+        5

         0

Primary Dealer Credit Facility

         0

         0

         0

         0

Paycheck Protection Program Liquidity Facility

    21,495

-      474

-   52,885

    21,299

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Commercial Paper Funding Facility II LLC7

         0

         0

-    8,556

         0

Net portfolio holdings of Corporate Credit Facilities LLC7

         0

         0

-   25,977

         0

Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)7

    28,612

+      134

-    2,077

    28,640

Net portfolio holdings of Municipal Liquidity Facility LLC7

     6,658

+        2

-    4,463

     6,659

Net portfolio holdings of TALF II LLC7

     2,472

-       40

-    2,501

     2,465

Float

      -328

-      130

-       23

      -192

Central bank liquidity swaps8

       225

+       11

-      428

       225

Other Federal Reserve assets9

    42,078

+       86

+    2,359

    42,268

Foreign currency denominated assets10

    18,544

-      288

-    3,063

    18,533

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding11

    51,065

+       14

+      506

    51,065

 

 

 

 

 

Total factors supplying reserve funds

 8,989,620

-   14,751

+1,148,905

 8,989,499

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 

 


 

H.4.1

 

1. Factors Affecting Reserve Balances of Depository Institutions (continued)

Millions of dollars

Reserve Bank credit, related items, and
reserve balances of depository institutions at
Federal Reserve Banks

Averages of daily figures

Wednesday
May 4, 2022

Week ended
May 4, 2022

Change from week ended

Apr 27, 2022

May 5, 2021

Currency in circulation11

 2,271,074

+    1,365

+  106,175

 2,272,695

Reverse repurchase agreements12

 2,133,374

+   57,354

+1,739,584

 2,098,553

Foreign official and international accounts

   283,798

+    1,479

+   56,223

   282,897

Others

 1,849,576

+   55,875

+1,683,362

 1,815,656

Treasury cash holdings

        80

-        5

+       34

        81

Deposits with F.R. Banks, other than reserve balances

 1,219,254

-   37,808

-   88,719

 1,234,600

Term deposits held by depository institutions

         0

         0

         0

         0

U.S. Treasury, General Account

   945,478

+    1,150

-    8,211

   964,412

Foreign official

     7,530

-    1,378

-   20,704

     7,434

Other13

   266,245

-   37,582

-   59,805

   262,754

Treasury contributions to credit facilities14

    21,258

         0

-   29,020

    21,258

Other liabilities and capital15

    48,496

+      242

-    1,506

    48,320

 

 

 

 

 

Total factors, other than reserve balances,
absorbing reserve funds

 5,693,536

+   21,147

+1,726,549

 5,675,506

 

 

 

 

 

Reserve balances with Federal Reserve Banks

 3,296,085

-   35,897

-  577,643

 3,313,993

Note: Components may not sum to totals because of rounding.
 

1.

Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2.

Face value of the securities.

3.

Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4.

Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of

the securities.

5.

Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized.  For U.S. Treasury securities, Federal agency debt securities, and mortgage-backed securities, amortization is on an effective-interest basis.

6.

Cash value of agreements.

7.

Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury contributions to the facility. Refer to note on consolidation below.

8.

Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned

to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the

foreign central bank.

9.

Includes bank premises, accrued interest, and other accounts receivable.

10.

Revalued daily at current foreign currency exchange rates.

11.

Estimated.

12.

Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities

13.

Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements.  Also includes certain deposit accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as fiscal agents of the United States.

14.

Book value. Amount of equity investments in MS Facilities LLC of $15.7 billion, Municipal Liquidity Facility LLC of $4.2 billion, and TALF II LLC of $1.4 billion.

15.

Includes the liability for earnings remittances due to the U.S. Treasury.

 

 

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.


 

 


 

H.4.1

 

1A. Memorandum Items

Millions of dollars

Memorandum item

Averages of daily figures

Wednesday
May 4, 2022

Week ended
May 4, 2022

Change from week ended

Apr 27, 2022

May 5, 2021

Securities held in custody for foreign official and international accounts

 3,425,483

-   36,147

-  117,766

 3,428,418

Marketable U.S. Treasury securities1

 3,024,352

-   15,653

-   75,111

 3,027,229

Federal agency debt and mortgage-backed securities2

   318,780

-   20,994

-   36,381

   318,809

Other securities3

    82,352

+      501

-    6,273

    82,380

Securities lent to dealers

    37,467

-       84

-    3,750

    37,968

Overnight facility4

    37,467

-       84

-    3,750

    37,968

U.S. Treasury securities

    37,467

-       84

-    3,750

    37,968

Federal agency debt securities

         0

         0

         0

         0

Note: Components may not sum to totals because of rounding.
 

1.

Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS. Does not include securities pledged as collateral to foreign official and international account holders against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6.

2.

Face value of federal agency securities and current face value of mortgage-backed securities, which is the remaining principal balance of the securities.

3.

Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed securities, and commercial paper at face value.

4.

Face value. Fully collateralized by U.S. Treasury securities.


 

 

 


 

H.4.1

 

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, May 4, 2022

Millions of dollars

Remaining Maturity

Within 15
days

16 days to
90 days

91 days to
1 year

Over 1 year
to 5 years

Over 5 year
to 10 years

Over 10
years

All

Loans1

     2,126

       705

         0

    21,074

         0

...

    23,905

U.S. Treasury securities2

 

 

 

 

 

 

 

Holdings

   131,150

   281,662

   801,777

 2,123,221

 1,017,659

 1,409,760

 5,765,229

Weekly changes

+   52,345

-   46,565

+   27,964

-   35,581

+      525

+    2,527

+    1,216

Federal agency debt securities3

 

 

 

 

 

 

 

Holdings

         0

         0

         0

         0

     2,134

       213

     2,347

Weekly changes

         0

         0

         0

         0

         0

         0

         0

Mortgage-backed securities4

 

 

 

 

 

 

 

Holdings

         0

         1

        53

     2,067

    62,631

 2,650,269

 2,715,020

Weekly changes

         0

+        1

+       12

+       70

-       16

-       57

+        8

Loan participations held by MS

 

 

 

 

 

 

 

Facilities LLC (Main Street Lending

 

 

 

 

 

 

 

Program)5

         0

         0

         0

    14,451

...

...

    14,451

Municipal notes held by Municipal

 

 

 

 

 

 

 

Liquidity Facility LLC6

         0

         0

         0

     2,907

...

...

     2,907

Loans held by TALF II LLC7

         0

         0

         0

     1,160

...

...

     1,160

Repurchase agreements8

         1

         0

...

...

...

...

         1

Central bank liquidity swaps9

       225

         0

         0

         0

         0

         0

       225

Reverse repurchase agreements8

 2,098,553

         0

...

...

...

...

 2,098,553

Term deposits

         0

         0

         0

...

...

...

         0

Note: Components may not sum to totals because of rounding.
...Not applicable.

 

1.

Loans includes primary, secondary, and seasonal loans and credit extended through the Paycheck Protection Program Liquidity Facility (PPPLF) and other credit extensions. A component of PPPLF loans presented in the Within 15 day category has reached maturity and is recognized as performing loans based upon the underlying guarantee of the collateral by the Small Business Administration. Loans exclude the loans from the Federal Reserve Bank of New York (FRBNY) to Municipal Liquidity Facility LLC and TALF II LLC, and from the Federal Reserve Bank of Boston (FRBB) to MS Facilities LLC, which were eliminated when preparing the FRBNY's and FRBB's statement of condition, respectively, consistent with consolidation under generally accepted accounting principles.

2.

Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the original face value of such securities.

3.

Face value.

4.

Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.

5.

Book value of the loan participations held by the MS Facilities LLC.

6.

Book value of the municipal notes held by the Municipal Liquidity Facility LLC.

7.

Book value of the loans held by the TALF II LLC.

8.

Cash value of agreements.

9.

Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to
the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign
central bank.

 

 


 

H.4.1

 

3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Account name

Wednesday

May 4, 2022

Mortgage-backed securities held outright1

 2,715,020

Residential mortgage-backed securities

 2,706,077

Commercial mortgage-backed securities

     8,943

 

 

Commitments to buy mortgage-backed securities2

    52,676

Commitments to sell mortgage-backed securities2

         0

 

 

Cash and cash equivalents3

        16

 

1.

Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.

2.

Current face value. Includes residential and commercial mortgage-backed securities. Residential mortgage-backed securities generally settle within 180 calendar days and include commitments associated with outright transactions, dollar rolls, and coupon swaps. Commercial mortgage-backed securities generally settle within three business days.

3.

This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5 and table 6.


 

 


 

4. Information on Principal Accounts of Credit Facilities LLCs

Millions of dollars

Credit Facilities LLCs:

Wednesday May 4, 2022

 

Net portfolio holdings of

Credit Facilities LLCs

Outstanding

 

 

 

principal

Outstanding

 

 

amount

amount of

Treasury

 

of loan

facility

contributions

 

extended to

asset

and

 

the LLC1

purchases2

other assets3

Total

MS Facilities LLC (Main Street Lending Program)

    14,147

    12,581

    16,059

    28,640

Municipal Liquidity Facility LLC

     2,907

     2,907

     3,751

     6,659

TALF II LLC

     1,264

     1,160

     1,306

     2,465

Note: Components may not sum to totals because of rounding.
 

1.

Book value. This amount was eliminated when preparing the Federal Reserve Banks' statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 6. Loans are extended from the Federal Reserve Bank to the LLC upon settlement of the investment activity.

2.

Outstanding amount of facility asset purchases:

 

a. For the MS Facilities LLC (Main Street Lending Program) includes loan participations at face value, net of an allowance for loan losses

 

    updated as of March 31, 2022.

 

b. For the Municipal Liquidity Facility LLC includes municipal notes at book value. Asset balances from trading activity may be reported on

 

    a one-day lag after the transaction date.

 

c. For the TALF II LLC includes loans to holders of eligible asset-backed securities at book value.

3.

Includes short term receivables, interest and dividend receivables, and other assets of the facility. Also includes the portion of the Treasury contribution to the credit facilities, which is held as investments in nonmarketable Treasury securities and the residual portion which is held as cash and cash equivalents at the FRBNY. The amount of cash and cash equivalents held at the FRBNY are eliminated in consolidation and, as result, are excluded from net portfolio holdings in Tables 1, 5, and 6. Amounts excluded are approximately 15% of Treasury contributions to the Municipal Liquidity Facility LLC and TALF II LLC. Refer to the note on consolidation accompanying table 6.

 

 


 

H.4.1

 

5. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Assets, liabilities, and capital

Eliminations from consolidation

Wednesday
May 4, 2022

Change since

Wednesday

Wednesday

Apr 27, 2022

May 5, 2021

Assets

 

 

 

 

Gold certificate account

 

    11,037

         0

         0

Special drawing rights certificate account

 

     5,200

         0

         0

Coin

 

     1,285

+        4

-       26

Securities, unamortized premiums and discounts, repurchase agreements, and loans

 

 8,823,594

-      447

+1,175,138

Securities held outright1

 

 8,482,597

+    1,225

+1,248,507

U.S. Treasury securities

 

 5,765,229

+    1,216

+  724,811

Bills2

 

   326,044

         0

         0

Notes and bonds, nominal2

 

 4,975,463

         0

+  645,420

Notes and bonds, inflation-indexed2

 

   380,862

         0

+   44,808

Inflation compensation3

 

    82,861

+    1,217

+   34,584

Federal agency debt securities2

 

     2,347

         0

         0

Mortgage-backed securities4

 

 2,715,020

+        8

+  523,695

Unamortized premiums on securities held outright5

 

   340,492

-      606

-    9,165

Unamortized discounts on securities held outright5

 

   -23,400

-      260

-   11,111

Repurchase agreements6

 

         1

+        1

+        1

Loans7

 

    23,905

-      806

-   53,093

Net portfolio holdings of Commercial Paper Funding Facility II LLC8

 

         0

         0

-    8,556

Net portfolio holdings of Corporate Credit Facilities LLC8

 

         0

         0

-   25,996

Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)8

 

    28,640

+      154

-    2,019

Net portfolio holdings of Municipal Liquidity Facility LLC8

 

     6,659

+        2

-    4,464

Net portfolio holdings of TALF II LLC8

 

     2,465

-       48

-    2,457

Items in process of collection

(0)

        63

-       12

-        1

Bank premises

 

       614

-        7

-    1,300

Central bank liquidity swaps9

 

       225

+       11

-      428

Foreign currency denominated assets10

 

    18,533

-       97

-    2,984

Other assets11

 

    41,656

+    1,213

+    2,577

 

 

 

 

 

Total assets

(0)

 8,939,972

+      773

+1,129,486

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 

 


 

H.4.1

 

5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)

Millions of dollars

Assets, liabilities, and capital

Eliminations from consolidation

Wednesday
May 4, 2022

Change since

Wednesday

Wednesday

Apr 27, 2022

May 5, 2021

Liabilities

 

 

 

 

Federal Reserve notes, net of F.R. Bank holdings

 

 2,222,991

+    2,023

+  104,615

Reverse repurchase agreements12

 

 2,098,553

+    6,990

+1,710,249

Deposits

(0)

 4,548,595

-    9,289

-  653,395

Term deposits held by depository institutions

 

         0

         0

         0

Other deposits held by depository institutions

 

 3,313,995

-   13,556

-  586,808

U.S. Treasury, General Account

 

   964,412

+    6,993

+   18,278

Foreign official

 

     7,434

-    2,471

-   20,653

Other13

(0)

   262,754

-      256

-   64,212

Deferred availability cash items

(0)

       255

-      472

+       89

Treasury contributions to credit facilities14

 

    21,258

         0

-   29,020

Other liabilities and accrued dividends15

 

     7,060

+    1,521

-    5,040

 

 

 

 

 

Total liabilities

(0)

 8,898,713

+      774

+1,127,500

 

 

 

 

 

Capital accounts

 

 

 

 

Capital paid in

 

    34,475

+        1

+    1,987

Surplus

 

     6,785

         0

         0

Other capital accounts

 

         0

         0

         0

 

 

 

 

 

Total capital

 

    41,260

+        1

+    1,987

Note: Components may not sum to totals because of rounding.
 

1.

Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2.

Face value of the securities.

3.

Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4.

Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.

5.

Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized.  For U.S. Treasury securities, Federal agency debt securities, and mortgage-backed securities, amortization is on an effective-interest basis.

6.

Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

7.

Loans includes primary, secondary, and seasonal loans and credit extended through the Primary Dealer Credit Facility, Paycheck Protection Program Liquidity Facility, and other credit extensions.

8.

Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury contributions to the facility. Refer to note on consolidation below.

9.

Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to
the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign
central bank.

10.

Revalued daily at current foreign currency exchange rates.

11.

Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.

12.

Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

13.

Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements.  Also includes certain deposit accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as fiscal agents of the United States.

14.

Book value. Amount of equity investments in MS Facilities LLC of $15.7 billion, Municipal Liquidity Facility LLC of $4.2 billion, and TALF II LLC of $1.4 billion.

15.

Includes the liability for earnings remittances due to the U.S. Treasury.

 

 


 

H.4.1

 

6. Statement of Condition of Each Federal Reserve Bank, May 4, 2022

Millions of dollars

Assets, liabilities, and capital

Total

Boston

New York

Philadelphia

Cleveland

Richmond

Atlanta

Chicago

St. Louis

Minneapolis

Kansas

Dallas

San

City

Francisco

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

Gold certificates and special drawing rights certificates

    16,237

       544

     5,271

       537

       763

     1,203

     2,247

     1,093

       461

       263

       440

     1,279

     2,136

Coin

     1,285

        19

        26

       111

        51

       189

       103

       238

        25

        46

        94

       156

       228

Securities, unamortized premiums and discounts, repurchase agreements,
and loans1

 8,823,594

   176,240

 4,516,815

   202,174

   355,532

   613,406

   575,754

   601,677

   138,337

    70,231

   137,648

   451,273

   984,508

Net portfolio holdings of MS

 

 

 

 

 

 

 

 

 

 

 

 

 

Facilities LLC (Main Street Lending

 

 

 

 

 

 

 

 

 

 

 

 

 

Program)2

    28,640

    28,640

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Municipal Liquidity Facility LLC2

     6,659

         0

     6,659

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of TALF II LLC2

     2,465

         0

     2,465

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Central bank liquidity swaps3

       225

        10

        78

         8

        22

        45

         7

         9

         5

         1

         2

         5

        32

Foreign currency denominated

 

 

 

 

 

 

 

 

 

 

 

 

 

assets4

    18,533

       798

     6,456

       687

     1,811

     3,716

       603

       702

       373

        93

       191

       445

     2,657

Other assets5

    42,334

       932

    20,628

     1,057

     1,739

     3,228

     2,812

     2,833

       811

       501

       960

     2,227

     4,606

Interdistrict settlement account

         0

-   16,390

+  352,480

-   27,592

-   70,859

-   83,327

-    7,578

-    8,347

-      527

-      994

-   11,145

-    6,666

-  119,054

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 8,939,972

   190,793

 4,910,878

   176,983

   289,058

   538,459

   573,948

   598,205

   139,484

    70,142

   128,190

   448,719

   875,113

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 

 


 

H.4.1

 

6. Statement of Condition of Each Federal Reserve Bank, May 4, 2022 (continued)

Millions of dollars

Assets, liabilities, and capital

Total

Boston

New York

Philadelphia

Cleveland

Richmond

Atlanta

Chicago

St. Louis

Minneapolis

Kansas

Dallas

San

City

Francisco

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

Federal Reserve notes, net

 2,222,991

    73,005

   703,796

    60,423

   103,633

   152,121

   334,558

   128,893

    67,880

    34,217

    58,624

   194,593

   311,248

Reverse repurchase agreements6

 2,098,553

    42,013

 1,075,931

    48,211

    83,801

   146,241

   137,301

   143,457

    32,958

    14,880

    32,759

   107,592

   233,409

Deposits

 4,548,595

    59,058

 3,108,054

    66,585

    97,352

   230,859

    99,948

   323,726

    37,495

    20,604

    36,127

   145,090

   323,699

Depository institutions

 3,313,995

    59,043

 2,088,064

    66,584

    97,296

   229,873

    99,900

   110,915

    37,489

    20,431

    36,090

   144,645

   323,665

U.S. Treasury, General Account

   964,412

         0

   964,412

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     7,434

         2

     7,408

         1

         4

         8

         1

         2

         1

         0

         0

         1

         6

Other7

   262,754

        13

    48,170

         0

        52

       978

        46

   212,809

         5

       172

        36

       444

        28

Earnings remittances due to the U.S. Treasury8

     3,470

        72

     1,760

        76

       133

       238

       238

       232

        68

        32

        56

       180

       385

Treasury contributions to credit facilities9

    21,258

    15,674

     5,584

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Other liabilities and accrued
dividends

     3,844

    -1,002

     1,698

       192

       215

       562

       572

       390

       177

       152

       194

       250

       442

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total liabilities

 8,898,713

   188,821

 4,896,823

   175,487

   285,134

   530,022

   572,617

   596,698

   138,579

    69,885

   127,759

   447,706

   869,183

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital paid in

    34,475

     1,680

    11,693

     1,244

     3,261

     7,077

     1,110

     1,250

       769

       224

       361

       850

     4,957

Surplus

     6,785

       292

     2,363

       252

       663

     1,361

       221

       257

       137

        34

        70

       163

       973

Other capital

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total liabilities and capital

 8,939,972

   190,793

 4,910,878

   176,983

   289,058

   538,459

   573,948

   598,205

   139,484

    70,142

   128,190

   448,719

   875,113

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 

 


 

H.4.1

 

6. Statement of Condition of Each Federal Reserve Bank, May 4, 2022 (continued)

 

1.

Securities include outright holdings of U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities, including securities lent to dealers under the overnight securities

 

lending facility; refer to table 1A. Mortgage-backed securities are guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Unamortized premiums and discounts are the differences between

 

the purchase price and the face value of the securities that have not been amortized.  For U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities,

 

amortization is on an effective-interest basis. Repurchase agreements reflect the cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

 

Loans includes primary, secondary, and seasonal loans and credit extended through the Paycheck Protection Program Liquidity Facility and other credit extensions.

2.

Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury contributions to the facility. Refer to note on consolidation below.

3.

Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate
equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.

4.

Revalued daily at current foreign currency exchange rates.

5.

Includes items in process of collection, bank premises, accrued interest (which represents the daily accumulation of interest earned), and other accounts receivable.

6.

Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

7.

Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements.  Also includes certain deposit accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as fiscal agents of the United States.

8.

Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after providing for the costs of operations, payment of dividends, and the amount necessary to maintain each Federal Reserve Bank's allotted surplus cap.

9.

Book value. Amount of equity investments in MS Facilities LLC of $15.7 billion, Municipal Liquidity Facility LLC of $4.2 billion, and TALF II LLC of $1.4 billion.

 

  

 

 

 

Note on consolidation:

 

 

The Federal Reserve Bank of New York (FRBNY) and the Federal Reserve Bank of Boston (FRBB) have extended loans to limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On April 14, 2020, FRBNY began extending loans to the Commercial Paper Funding Facility II LLC (CPFF II LLC), a limited liability company formed to purchase three-month U.S dollar-denominated commercial paper by eligible issuers. The assets of the CPFF II LLC and the amount provided by U.S. Treasury as credit protection to the FRBNY are used to secure the loan from the FRBNY. On May 12, 2020, FRBNY began extending loans to the Corporate Credit Facilities LLC (CCF LLC), a limited liability company formed to purchase eligible bonds or portions of syndicated loans or bonds at issuance through the Primary Market Corporate Credit Facility and to purchase eligible individual corporate bonds and exchange-traded funds through the Secondary Market Corporate Credit Facility. The assets of the CCF LLC and the amount provided by U.S. Treasury as credit protection to the FRBNY are used to secure the loan from the FRBNY. On June 5, 2020, FRBNY began extending loans to the Municipal Liquidity Facility LLC (MLF LLC), a limited liability company formed to purchase municipal notes from eligible issuers. The assets of the MLF LLC and the amount provided by U.S. Treasury as credit protection to the FRBNY are used to secure the loan from the FRBNY. On June 25, 2020, FRBNY began extending loans to the TALF II LLC, a special purpose vehicle that was formed to help support the flow of credit to consumers and businesses. The assets of the TALF II LLC and the amount provided by U.S. Treasury as credit protection to the FRBNY are used to secure the loan from the FRBNY. On July 15, 2020, the FRBB began extending loans to the MS Facilities LLC (Main Street Lending Program), a special purpose vehicle that was formed to help ensure credit flows to small and medium-sized businesses and to eligible nonprofits. The assets of the MS Facilities LLC and the amount provided by U.S. Treasury as credit protection to the FRBB are used to secure the loan from the FRBB.

 

 

The FRBNY is the managing member of CPFF II LLC, CCF LLC, MLF LLC, and TALF II LLC. The FRBB is the managing member of MS Facilities LLC (Main Street Lending Program). Consistent with generally accepted accounting principles, the assets and liabilities of each LLC have been accounted for and consolidated with the assets and liabilities of the FRBNY or FRBB, in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the loan from the Reserve Bank to the LLC is eliminated as are any balances held at the FRBNY for LLCs consolidated to FRBNY or FRBB for LLCs consolidated to FRBB. Treasury contributions to credit facilities are held at FRBNY until invested. Net assets of the LLC appears as assets on table 6 (and in table 1 and table 5), and the liabilities of the LLC to entities other than the FRBNY or FRBB, including those with recourse only to the portfolio holdings of the LLC, are included in other liabilities in this table (and table 1 and table 5). The amount provided by U.S. Treasury as credit protection to FRBNY and FRBB appears as liabilities on table 6 (and in table 1 and table 5).

 

 

 


 

H.4.1

 

7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts

Millions of dollars

Federal Reserve notes and collateral

Wednesday

May 4, 2022

Federal Reserve notes outstanding

 2,512,411

Less: Notes held by F.R. Banks not subject to collateralization

   289,420

Federal Reserve notes to be collateralized

 2,222,991

Collateral held against Federal Reserve notes

 2,222,991

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2

 2,206,754

Other assets pledged

         0

Memo:

 

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2

 8,482,598

Less: Face value of securities under reverse repurchase agreements

 2,220,505

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged

 6,262,092

Note: Components may not sum to totals because of rounding.
 

1.

Includes face value of U.S. Treasury, agency debt, and mortgage-backed securities held outright, compensation to adjust for the effect of inflation on the original face value of inflation-indexed securities, and cash value of repurchase agreements.

2.

Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

 

 

 


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