Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: Thursday, December 31, 2020
Release dates | Data Download Program (DDP) | About | Announcements | Technical Q&As
Current release  Other formats: Screen reader | ASCII | PDF (21 KB)
Try data download now image link

FEDERAL RESERVE statistical release

H.4.1

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

December 31, 2020

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
Dec 30, 2020

Week ended
Dec 30, 2020

Change from week ended

Dec 23, 2020

Jan 1, 2020

Reserve Bank credit

7,350,410

+    4,827

+3,229,014

7,322,274

Securities held outright1

6,757,661

+      388

+3,017,726

6,730,731

U.S. Treasury securities

4,688,906

+   16,323

+2,359,995

4,688,916

Bills2

   326,044

         0

+  156,519

   326,044

Notes and bonds, nominal2

4,007,193

+   15,050

+1,999,635

4,007,193

Notes and bonds, inflation-indexed2

   312,024

+    1,199

+  185,648

   312,024

Inflation compensation3

    43,644

+       73

+   18,192

    43,654

Federal agency debt securities2

     2,347

         0

         0

     2,347

Mortgage-backed securities4

2,066,409

-   15,934

+  657,732

2,039,468

Unamortized premiums on securities held outright5

   344,135

-      154

+  219,510

   342,923

Unamortized discounts on securities held outright5

    -5,439

+       22

+    7,844

    -5,430

Repurchase agreements6

     1,000

-        1

-  241,326

     1,000

Foreign official

     1,000

-        1

+    1,000

     1,000

Others

         0

         0

-  242,326

         0

Loans

    56,977

-    1,247

+   56,951

    56,701

Primary credit

     1,785

-      360

+    1,770

     1,735

Secondary credit

         0

         0

         0

         0

Seasonal credit

         0

         0

-       11

         0

Primary Dealer Credit Facility

       485

+       66

+      485

       485

Money Market Mutual Fund Liquidity Facility

     3,873

-      516

+    3,873

     3,621

Paycheck Protection Program Liquidity Facility

    50,834

-      437

+   50,834

    50,860

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Commercial Paper Funding Facility II LLC7

     8,557

         0

+    8,557

     8,557

Net portfolio holdings of Corporate Credit Facilities LLC7

    46,455

+      107

+   46,455

    46,532

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

    53,517

+    3,632

+   53,517

    54,073

Net portfolio holdings of Municipal Liquidity Facility LLC7

    21,275

+        7

+   21,275

    21,278

Net portfolio holdings of TALF II LLC7

    12,663

+      114

+   12,663

    12,664

Float

      -192

-       69

+      278

      -761

Central bank liquidity swaps8

    16,983

+      605

+   13,254

    17,883

Other Federal Reserve assets9

    36,816

+    1,420

+   12,308

    36,122

Foreign currency denominated assets10

    22,238

-       19

+    1,537

    22,429

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding11

    50,521

+       14

+      450

    50,521

Total factors supplying reserve funds

7,439,411

+    4,823

+3,231,001

7,411,465

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


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
Dec 30, 2020

Week ended
Dec 30, 2020

Change from week ended

Dec 23, 2020

Jan 1, 2020

Currency in circulation11

2,081,540

+   10,130

+  275,660

2,086,909

Reverse repurchase agreements12

   205,017

+    8,862

-   80,792

   209,763

Foreign official and international accounts

   204,753

+    8,856

-   61,003

   209,111

Others

       264

+        6

-   19,788

       652

Treasury cash holdings

        30

-        1

-      141

        28

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

1,866,256

+    7,479

+1,410,453

1,808,390

Term deposits held by depository institutions

         0

         0

         0

         0

U.S. Treasury, General Account

1,591,055

-   11,352

+1,208,502

1,613,514

Foreign official

    21,830

+        4

+   16,648

    21,831

Other13

   253,372

+   18,827

+  185,304

   173,045

Treasury contributions to credit facilities14

   114,000

         0

+  114,000

   114,000

Other liabilities and capital15

    50,412

-      762

+    5,511

    49,404

Total factors, other than reserve balances,
absorbing reserve funds

4,317,254

+   25,706

+1,724,691

4,268,495

Reserve balances with Federal Reserve Banks

3,122,156

-   20,885

+1,506,310

3,142,970

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. Also includes net portfolio holdings of Maiden Lane LLC.  

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 Commercial Paper Funding Facility II LLC of $10 billion, Corporate Credit Facilities LLC of $37.5 billion, MS Facilities LLC of $37.5 billion, Municipal Liquidity Facility LLC of $17.5 billion, and TALF II LLC of $10 billion, and credit protection in the Money Market Mutual Fund Liquidity Facility of $1.5 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.



1A. Memorandum Items

Millions of dollars

Memorandum item

Averages of daily figures

Wednesday
Dec 30, 2020

Week ended
Dec 30, 2020

Change from week ended

Dec 23, 2020

Jan 1, 2020

Securities held in custody for foreign official and international accounts

3,490,578

-    8,513

+   92,377

3,485,432

Marketable U.S. Treasury securities1

3,046,638

-    4,626

+   89,956

3,044,237

Federal agency debt and mortgage-backed securities2

   357,359

-    3,888

-    1,545

   354,616

Other securities3

    86,581

+        2

+    3,966

    86,578

Securities lent to dealers

    29,127

+    1,524

-    5,865

    32,200

Overnight facility4

    29,127

+    1,524

-    5,865

    32,200

U.S. Treasury securities

    29,127

+    1,524

-    5,865

    32,200

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.



2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, December 30, 2020

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

     2,829

     2,811

       201

    50,860

         0

...

    56,701

U.S. Treasury securities2

Holdings

    93,926

   295,783

   649,811

1,767,023

   827,914

1,054,458

4,688,916

Weekly changes

+    8,631

-    7,555

-    1,074

+   11,352

-    5,329

+        9

+    6,035

Federal agency debt securities3

Holdings

         0

         0

         0

         0

     1,818

       529

     2,347

Weekly changes

         0

         0

         0

         0

         0

         0

         0

Mortgage-backed securities4

Holdings

         0

         0

         4

     2,016

    72,045

1,965,404

2,039,468

Weekly changes

         0

         0

         0

-       91

-    1,467

-   45,548

-   47,106

Commercial paper held by Commercial

Paper Funding Facility II LLC5

         0

         0

         0

...

...

...

         0

Loan participations held by MS

Facilities LLC (Main Street Lending

Program)6

         0

         0

         0

    16,481

...

...

    16,481

Municipal notes held by Municipal

Liquidity Facility LLC7

         0

         0

       925

     5,358

...

...

     6,283

Loans held by TALF II LLC8

         0

         0

         0

     3,552

...

...

     3,552

Repurchase agreements9

     1,000

         0

...

...

...

...

     1,000

Central bank liquidity swaps10

     7,166

    10,717

         0

         0

         0

         0

    17,883

Reverse repurchase agreements9

   209,763

         0

...

...

...

...

   209,763

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 Primary Dealer Credit Facility, Money Market Mutual Fund Liquidity Facility, Paycheck Protection Program Liquidity Facility, and other credit extensions. Loans exclude the loans from the Federal Reserve Bank of New York (FRBNY) to Commercial Paper Funding Facility II LLC, Corporate Credit Facilities LLC, 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 commercial paper held by Commercial Paper Funding Facility II LLC.

6.

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

7.

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

8.

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

9.

Cash value of agreements.

10.

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.


3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Account name

Wednesday

Dec 30, 2020

Mortgage-backed securities held outright1

2,039,468

Residential mortgage-backed securities

2,029,628

Commercial mortgage-backed securities

     9,840

Commitments to buy mortgage-backed securities2

   195,401

Commitments to sell mortgage-backed securities2

        84

Cash and cash equivalents3

         8

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 Dec 30, 2020

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

Commercial Paper Funding Facility II LLC

         0

         0

     8,557

     8,557

Corporate Credit Facilities LLC

    14,116

    14,315

    32,217

    46,532

MS Facilities LLC (Main Street Lending Program)

    16,472

    16,385

    37,688

    54,073

Municipal Liquidity Facility LLC

     6,361

     6,283

    14,995

    21,278

TALF II LLC

     4,144

     3,552

     9,112

    12,664

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 Commercial Paper Funding Facility II LLC includes commercial paper at book value.

b. For the Corporate Credit Facilities LLC includes exchange traded-funds at fair value and corporate bonds at book value. Asset balances

    from trading activity are reported on a one-day lag after the transaction date.

c. For the MS Facilities LLC (Main Street Lending Program) includes loan participations, net of an allowance for loan losses updated as of

    September 30, 2020, at face value.

d. 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.

e. 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 initially 15% of Treasury contributions to the credit facilities from the following consolidated LLCs: Commercial Paper Funding Facility II LLC, Corporate Credit Facilities LLC, Municipal Liquidity Facility LLC, and TALF II LLC. Refer to the note on consolidation accompanying table 6.


5. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Assets, liabilities, and capital

Eliminations from consolidation

Wednesday
Dec 30, 2020

Change since

Wednesday

Wednesday

Dec 23, 2020

Jan 1, 2020

Assets

Gold certificate account

    11,037

         0

         0

Special drawing rights certificate account

     5,200

         0

         0

Coin

     1,562

-        8

-       95

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

7,125,925

-   44,215

+3,019,014

Securities held outright1

6,730,731

-   41,072

+2,990,774

U.S. Treasury securities

4,688,916

+    6,035

+2,359,983

Bills2

   326,044

         0

+  156,519

Notes and bonds, nominal2

4,007,193

+    6,001

+2,000,643

Notes and bonds, inflation-indexed2

   312,024

         0

+  184,640

Inflation compensation3

    43,654

+       33

+   18,180

Federal agency debt securities2

     2,347

         0

         0

Mortgage-backed securities4

2,039,468

-   47,106

+  630,791

Unamortized premiums on securities held outright5

   342,923

-    2,096

+  218,346

Unamortized discounts on securities held outright5

    -5,430

+       13

+    7,854

Repurchase agreements6

     1,000

         0

-  254,619

Loans7

    56,701

-    1,060

+   56,659

Net portfolio holdings of Commercial Paper Funding Facility II LLC8

     8,557

         0

+    8,557

Net portfolio holdings of Corporate Credit Facilities LLC8

    46,532

+      122

+   46,532

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

    54,073

+    1,919

+   54,073

Net portfolio holdings of Municipal Liquidity Facility LLC8

    21,278

+        3

+   21,278

Net portfolio holdings of TALF II LLC8

    12,664

+        1

+   12,664

Items in process of collection

(0)

        82

+       21

         0

Bank premises

     2,222

+       16

+       11

Central bank liquidity swaps9

    17,883

+    1,050

+   14,155

Foreign currency denominated assets10

    22,429

+      215

+    1,637

Other assets11

    33,906

+      188

+   11,899

Total assets

(0)

7,363,351

-   40,688

+3,189,725

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


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

Millions of dollars

Assets, liabilities, and capital

Eliminations from consolidation

Wednesday
Dec 30, 2020

Change since

Wednesday

Wednesday

Dec 23, 2020

Jan 1, 2020

Liabilities

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

2,037,973

+    9,754

+  278,546

Reverse repurchase agreements12

   209,763

+   11,239

-  126,886

Deposits

(0)

4,951,367

-   62,157

+2,919,408

Term deposits held by depository institutions

         0

         0

         0

Other deposits held by depository institutions

3,142,977

-   34,333

+1,594,128

U.S. Treasury, General Account

1,613,514

+   30,206

+1,209,661

Foreign official

    21,831

+        5

+   16,649

Other13

(0)

   173,045

-   58,034

+   98,970

Deferred availability cash items

(0)

       843

+      580

+      118

Treasury contributions to credit facilities14

   114,000

         0

+  114,000

Other liabilities and accrued dividends15

    10,203

-       66

+    3,859

Total liabilities

(0)

7,324,150

-   40,650

+3,189,047

Capital accounts

Capital paid in

    32,376

-       38

+      678

Surplus

     6,825

         0

         0

Other capital accounts

         0

         0

         0

Total capital

    39,201

-       38

+      678

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, Money Market Mutual Fund Liquidity 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. Also includes net portfolio holdings of Maiden Lane LLC.

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 Commercial Paper Funding Facility II LLC of $10 billion, Corporate Credit Facilities LLC of $37.5 billion, MS Facilities LLC of $37.5 billion, Municipal Liquidity Facility LLC of $17.5 billion, and TALF II LLC of $10 billion, and credit protection in the Money Market Mutual Fund Liquidity Facility of $1.5 billion.

15.

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


6. Statement of Condition of Each Federal Reserve Bank, December 30, 2020

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

       533

     5,483

       529

       761

     1,165

     2,183

     1,137

       479

       270

       450

     1,202

     2,045

Coin

     1,562

        31

        40

       131

        86

       206

       154

       258

        32

        43

       106

       182

       292

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

7,125,925

   163,601

3,669,978

   167,566

   222,742

   446,250

   523,097

   396,436

   113,097

    74,769

   116,936

   342,607

   888,846

Net portfolio holdings of Commercial Paper Funding Facility II LLC2

     8,557

         0

     8,557

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Corporate Credit Facilities LLC2

    46,532

         0

    46,532

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of MS

Facilities LLC (Main Street Lending

Program)2

    54,073

    54,073

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Municipal Liquidity Facility LLC2

    21,278

         0

    21,278

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of TALF II LLC2

    12,664

         0

    12,664

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Central bank liquidity swaps3

    17,883

       849

     6,010

       644

     1,528

     3,775

       887

       694

       293

       140

       189

       212

     2,663

Foreign currency denominated

assets4

    22,429

     1,060

     7,608

       803

     1,908

     4,712

     1,107

       867

       366

       175

       235

       265

     3,324

Other assets5

    36,211

     2,405

    15,871

       901

     1,183

     2,604

     2,737

     2,039

       691

       478

       872

     2,069

     4,361

Interdistrict settlement account

         0

-   24,708

+  224,107

-   11,570

+   75,115

+  169,345

-  125,264

-   22,714

-   21,550

-   11,862

-   21,886

-   50,411

-  178,600

Total assets

7,363,351

   197,843

4,018,129

   159,003

   303,324

   628,056

   404,900

   378,717

    93,408

    64,012

    96,901

   296,127

   722,930

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


6. Statement of Condition of Each Federal Reserve Bank, December 30, 2020 (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

2,037,973

    62,193

   675,608

    55,848

    93,291

   151,088

   280,550

   132,542

    59,049

    33,503

    55,062

   172,382

   266,856

Reverse repurchase agreements6

   209,763

     4,711

   108,607

     4,786

     6,563

    13,147

    15,459

    11,716

     3,314

     1,982

     3,336

    10,109

    26,034

Deposits

4,951,367

    89,608

3,141,215

    96,657

   199,713

   454,728

   106,332

   232,324

    30,081

    27,198

    37,811

   112,498

   423,201

Depository institutions

3,142,977

    89,586

1,445,220

    96,656

   198,967

   453,967

   106,318

   123,414

    30,080

    27,050

    37,763

   110,781

   423,175

U.S. Treasury, General Account

1,613,514

         0

1,613,514

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

    21,831

         2

    21,804

         1

         3

         8

         2

         2

         1

         0

         0

         0

         6

Other7

   173,045

        20

    60,676

         0

       743

       753

        11

   108,909

         1

       148

        48

     1,717

        20

Earnings remittances due to the U.S. Treasury8

       722

         5

       410

        12

        22

        49

        38

        29

        12

         3

        11

        25

       106

Treasury contributions to credit facilities9

   114,000

    39,000

    75,000

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Other liabilities and accrued
dividends

    10,324

       532

     4,116

       291

       352

       865

       718

       572

       224

       997

       260

       448

       949

Total liabilities

7,324,150

   196,050

4,004,955

   157,595

   299,941

   619,877

   403,097

   377,184

    92,681

    63,683

    96,479

   295,463

   717,146

Capital

Capital paid in

    32,376

     1,470

    10,880

     1,163

     2,800

     6,738

     1,464

     1,269

       615

       275

       350

       583

     4,768

Surplus

     6,825

       324

     2,294

       246

       583

     1,441

       338

       265

       112

        53

        72

        81

     1,016

Other capital

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Total liabilities and capital

7,363,351

   197,843

4,018,129

   159,003

   303,324

   628,056

   404,900

   378,717

    93,408

    64,012

    96,901

   296,127

   722,930

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


6. Statement of Condition of Each Federal Reserve Bank, December 30, 2020 (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 Primary Dealer Credit Facility, Money Market Mutual Fund Liquidity Facility, 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. Also includes Net portfolio holdings of Maiden Lane LLC; refer to the note on consolidation for additional information.

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 a $6.825 billion surplus.

9.

Book value. Amount of equity investments in Commercial Paper Funding Facility II LLC of $10 billion, Corporate Credit Facilities LLC of $37.5 billion, MS Facilities LLC of $37.5 billion, and Municipal Liquidity Facility LLC of $17.5 billion, and TALF II LLC of $10 billion, and credit protection in the Money Market Mutual Fund Liquidity Facility of $1.5 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).

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

Millions of dollars

Federal Reserve notes and collateral

Wednesday

Dec 30, 2020

Federal Reserve notes outstanding

2,192,177

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

   154,203

Federal Reserve notes to be collateralized

2,037,973

Collateral held against Federal Reserve notes

2,037,973

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

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

2,021,737

Other assets pledged

         0

Memo:

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

6,731,731

Less: Face value of securities under reverse repurchase agreements

   203,718

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

6,528,013

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.


Release dates | Data Download Program (DDP) | About | Announcements | Technical Q&As
Current release   Other formats: Screen reader | ASCII | PDF (21 KB)

Statistical releases