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FEDERAL RESERVE statistical release

 

H.4.1

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

November 12, 2021

 

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
Nov 10, 2021

Week ended
Nov 10, 2021

Change from week ended

Nov 3, 2021

Nov 11, 2020

Reserve Bank credit

 8,558,458

+   27,716

+1,432,092

 8,624,783

Securities held outright1

 8,083,631

+   26,444

+1,536,782

 8,148,320

U.S. Treasury securities

 5,544,097

+   17,078

+  999,957

 5,552,607

Bills2

   326,044

         0

         0

   326,044

Notes and bonds, nominal2

 4,778,290

+   14,514

+  899,577

 4,785,576

Notes and bonds, inflation-indexed2

   373,014

+    1,886

+   75,851

   374,042

Inflation compensation3

    66,748

+      676

+   24,528

    66,945

Federal agency debt securities2

     2,347

         0

         0

     2,347

Mortgage-backed securities4

 2,537,187

+    9,366

+  536,826

 2,593,366

Unamortized premiums on securities held outright5

   354,865

+      409

+   15,822

   355,808

Unamortized discounts on securities held outright5

   -16,723

-      239

-   12,054

   -16,767

Repurchase agreements6

         0

         0

-    1,000

         0

Foreign official

         0

         0

-    1,000

         0

Others

         0

         0

         0

         0

Loans

    47,760

-    1,339

-   21,060

    46,930

Primary credit

       338

+        8

-    2,036

       449

Secondary credit

         0

         0

         0

         0

Seasonal credit

        10

         0

+       10

        10

Primary Dealer Credit Facility

         0

         0

-      263

         0

Money Market Mutual Fund Liquidity Facility

         0

         0

-    5,497

         0

Paycheck Protection Program Liquidity Facility

    47,412

-    1,347

-   13,274

    46,471

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Commercial Paper Funding Facility II LLC7

         0

         0

-    8,559

         0

Net portfolio holdings of Corporate Credit Facilities LLC7

       515

         0

-   45,157

       515

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

    30,509

+        7

-   11,614

    30,516

Net portfolio holdings of Municipal Liquidity Facility LLC7

     9,784

+        1

-    6,768

     9,785

Net portfolio holdings of TALF II LLC7

     4,490

-        1

-    7,776

     4,491

Float

      -124

+      301

-       16

      -199

Central bank liquidity swaps8

       328

-        4

-    7,731

       328

Other Federal Reserve assets9

    43,424

+    2,137

+    1,225

    45,055

Foreign currency denominated assets10

    20,701

-       13

-    1,075

    20,622

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding11

    50,852

+       14

+      436

    50,852

 

 

 

 

 

Total factors supplying reserve funds

 8,646,252

+   27,717

+1,431,453

 8,712,498

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
Nov 10, 2021

Week ended
Nov 10, 2021

Change from week ended

Nov 3, 2021

Nov 11, 2020

Currency in circulation11

 2,209,986

+    4,152

+  155,814

 2,213,872

Reverse repurchase agreements12

 1,675,321

-   44,389

+1,480,500

 1,752,977

Foreign official and international accounts

   305,190

+    3,206

+  110,369

   304,354

Others

 1,370,131

-   47,594

+1,370,131

 1,448,623

Treasury cash holdings

        50

-        2

+        4

        62

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

   513,573

-   18,121

-1,309,372

   484,104

Term deposits held by depository institutions

         0

         0

         0

         0

U.S. Treasury, General Account

   259,293

-   20,912

-1,341,544

   231,421

Foreign official

     5,618

+      152

-   15,649

     6,592

Other13

   248,662

+    2,639

+   47,821

   246,091

Treasury contributions to credit facilities14

    26,397

         0

-   87,603

    26,397

Other liabilities and capital15

    51,884

+    3,373

-      760

    56,500

 

 

 

 

 

Total factors, other than reserve balances,
absorbing reserve funds

 4,477,211

-   54,988

+  238,582

 4,533,912

 

 

 

 

 

Reserve balances with Federal Reserve Banks

 4,169,041

+   82,705

+1,192,871

 4,178,586

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 $16.6 billion, Municipal Liquidity Facility LLC of $6.3 billion, and TALF II LLC of $3.5 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.


 

 


 

H.4.1

 

1A. Memorandum Items

Millions of dollars

Memorandum item

Averages of daily figures

Wednesday
Nov 10, 2021

Week ended
Nov 10, 2021

Change from week ended

Nov 3, 2021

Nov 11, 2020

Securities held in custody for foreign official and international accounts

 3,480,009

-    1,174

+   53,355

 3,461,618

Marketable U.S. Treasury securities1

 3,068,472

-    3,111

+   80,088

 3,049,956

Federal agency debt and mortgage-backed securities2

   328,564

+       37

-   24,141

   328,666

Other securities3

    82,973

+    1,901

-    2,593

    82,996

Securities lent to dealers

    36,863

-    2,884

+    7,272

    39,368

Overnight facility4

    36,863

-    2,884

+    7,272

    39,368

U.S. Treasury securities

    36,863

-    2,884

+    7,272

    39,368

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, November 10, 2021

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

       245

       214

     2,512

    43,959

         0

...

    46,930

U.S. Treasury securities2

 

 

 

 

 

 

 

Holdings

   110,097

   285,678

   707,348

 2,131,956

 1,005,551

 1,311,978

 5,552,607

Weekly changes

-   17,095

+   11,952

+    5,168

+   10,888

+    4,178

+    4,298

+   19,388

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

         0

        27

     1,677

    62,980

 2,528,681

 2,593,366

Weekly changes

         0

         0

         0

         0

-        1

+   65,543

+   65,542

Loan participations held by MS

 

 

 

 

 

 

 

Facilities LLC (Main Street Lending

 

 

 

 

 

 

 

Program)5

         0

         0

         0

    15,835

...

...

    15,835

Municipal notes held by Municipal

 

 

 

 

 

 

 

Liquidity Facility LLC6

         0

         0

         0

     4,373

...

...

     4,373

Loans held by TALF II LLC7

         0

         0

         0

     1,368

...

...

     1,368

Repurchase agreements8

         0

         0

...

...

...

...

         0

Central bank liquidity swaps9

       328

         0

         0

         0

         0

         0

       328

Reverse repurchase agreements8

 1,752,977

         0

...

...

...

...

 1,752,977

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 and other credit extensions. 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

Nov 10, 2021

Mortgage-backed securities held outright1

 2,593,366

Residential mortgage-backed securities

 2,583,975

Commercial mortgage-backed securities

     9,392

 

 

Commitments to buy mortgage-backed securities2

    85,748

Commitments to sell mortgage-backed securities2

         0

 

 

Cash and cash equivalents3

         0

 

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 Nov 10, 2021

 

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

Corporate Credit Facilities LLC

         0

         0

       515

       515

MS Facilities LLC (Main Street Lending Program)

    15,736

    13,505

    17,012

    30,516

Municipal Liquidity Facility LLC

     4,373

     4,373

     5,412

     9,785

TALF II LLC

     1,456

     1,368

     3,123

     4,491

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 Corporate Credit Facilities LLC includes exchange traded-funds and corporate bonds at fair value.

 

b. 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 September 30, 2021.

 

c. 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.

 

d. 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
Nov 10, 2021

Change since

Wednesday

Wednesday

Nov 3, 2021

Nov 11, 2020

Assets

 

 

 

 

Gold certificate account

 

    11,037

         0

         0

Special drawing rights certificate account

 

     5,200

         0

         0

Coin

 

     1,204

+        2

-      273

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

 

 8,534,292

+   84,534

+1,575,066

Securities held outright1

 

 8,148,320

+   84,930

+1,592,874

U.S. Treasury securities

 

 5,552,607

+   19,388

+  999,876

Bills2

 

   326,044

         0

         0

Notes and bonds, nominal2

 

 4,785,576

+   17,800

+  898,310

Notes and bonds, inflation-indexed2

 

   374,042

+    1,199

+   76,879

Inflation compensation3

 

    66,945

+      388

+   24,687

Federal agency debt securities2

 

     2,347

         0

         0

Mortgage-backed securities4

 

 2,593,366

+   65,542

+  592,998

Unamortized premiums on securities held outright5

 

   355,808

+    1,107

+   16,546

Unamortized discounts on securities held outright5

 

   -16,767

-      117

-   12,107

Repurchase agreements6

 

         0

         0

-    1,000

Loans7

 

    46,930

-    1,387

-   21,248

Net portfolio holdings of Commercial Paper Funding Facility II LLC8

 

         0

         0

-    8,559

Net portfolio holdings of Corporate Credit Facilities LLC8

 

       515

         0

-   45,177

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

 

    30,516

+        9

-   11,821

Net portfolio holdings of Municipal Liquidity Facility LLC8

 

     9,785

+        2

-    6,768

Net portfolio holdings of TALF II LLC8

 

     4,491

+        1

-    7,775

Items in process of collection

(0)

        72

+        1

-        1

Bank premises

 

     1,455

+        6

-      740

Central bank liquidity swaps9

 

       328

-        4

-    7,708

Foreign currency denominated assets10

 

    20,622

-       62

-    1,025

Other assets11

 

    43,599

+    3,756

+    2,480

 

 

 

 

 

Total assets

(0)

 8,663,117

+   88,246

+1,487,700

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
Nov 10, 2021

Change since

Wednesday

Wednesday

Nov 3, 2021

Nov 11, 2020

Liabilities

 

 

 

 

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

 

 2,164,281

+    6,192

+  155,113

Reverse repurchase agreements12

 

 1,752,977

+   95,911

+1,557,166

Deposits

(0)

 4,662,690

-   21,373

-  141,067

Term deposits held by depository institutions

 

         0

         0

         0

Other deposits held by depository institutions

 

 4,178,586

+   28,756

+1,186,487

U.S. Treasury, General Account

 

   231,421

-   55,538

-1,339,347

Foreign official

 

     6,592

+      945

-   14,675

Other13

(0)

   246,091

+    4,464

+   26,468

Deferred availability cash items

(0)

       271

+       83

+       65

Treasury contributions to credit facilities14

 

    26,397

         0

-   87,603

Other liabilities and accrued dividends15

 

    16,592

+    7,392

+    3,339

 

 

 

 

 

Total liabilities

(0)

 8,623,208

+   88,203

+1,487,014

 

 

 

 

 

Capital accounts

 

 

 

 

Capital paid in

 

    33,123

+       42

+      725

Surplus

 

     6,785

         0

-       40

Other capital accounts

 

         0

         0

         0

 

 

 

 

 

Total capital

 

    39,908

+       42

+      685

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.

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 $16.6 billion, Municipal Liquidity Facility LLC of $6.3 billion, and TALF II LLC of $3.5 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, November 10, 2021

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

       531

     5,422

       523

       752

     1,187

     2,188

     1,136

       475

       273

       455

     1,220

     2,075

Coin

     1,204

        15

        18

       115

        46

       177

       104

       227

        17

        32

        86

       149

       218

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

 8,534,292

   141,862

 4,803,806

   179,533

   318,117

   569,389

   497,626

   463,480

   111,172

    81,345

   113,286

   375,728

   878,947

Net portfolio holdings of Corporate Credit Facilities LLC2

       515

         0

       515

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of MS

 

 

 

 

 

 

 

 

 

 

 

 

 

Facilities LLC (Main Street Lending

 

 

 

 

 

 

 

 

 

 

 

 

 

Program)2

    30,516

    30,516

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Municipal Liquidity Facility LLC2

     9,785

         0

     9,785

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of TALF II LLC2

     4,491

         0

     4,491

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Central bank liquidity swaps3

       328

        15

       110

        12

        28

        68

        15

        13

         6

         3

         4

         6

        48

Foreign currency denominated

 

 

 

 

 

 

 

 

 

 

 

 

 

assets4

    20,622

       936

     6,932

       740

     1,783

     4,291

       933

       808

       392

       175

       223

       372

     3,037

Other assets5

    45,127

       848

    24,044

     1,051

     1,710

     3,305

     2,765

     2,489

       750

       553

       915

     2,097

     4,599

Interdistrict settlement account

         0

+   25,709

-  437,346

+    7,920

+   47,648

-    5,609

+   71,571

+  107,945

+   26,934

+      384

+   19,076

+   61,065

+   74,703

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 8,663,117

   200,432

 4,417,777

   189,894

   370,085

   572,809

   575,201

   576,098

   139,746

    82,765

   134,046

   440,637

   963,627

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, November 10, 2021 (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

 2,164,281

    71,092

   691,179

    61,504

   103,924

   153,669

   319,669

   120,850

    64,600

    32,970

    55,027

   193,875

   295,921

Reverse repurchase agreements6

 1,752,977

    29,294

   990,881

    37,024

    63,784

   117,464

   102,711

    95,660

    22,854

    13,564

    23,278

    77,519

   178,944

Deposits

 4,662,690

    83,175

 2,701,725

    89,456

   197,890

   292,070

   150,212

   357,136

    51,210

    35,760

    54,993

   167,609

   481,453

Depository institutions

 4,178,586

    83,160

 2,415,283

    89,454

   197,844

   291,501

   150,079

   162,599

    51,200

    35,455

    54,097

   166,522

   481,390

U.S. Treasury, General Account

   231,421

         0

   231,421

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     6,592

         2

     6,565

         1

         3

         8

         2

         2

         1

         0

         0

         1

         6

Other7

   246,091

        13

    48,455

         0

        43

       561

       131

   194,536

         8

       304

       896

     1,087

        57

Earnings remittances due to the U.S. Treasury8

     2,759

        22

     1,702

        52

        95

       112

       167

       148

        14

        14

        26

       126

       284

Treasury contributions to credit facilities9

    26,397

    16,572

     9,825

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Other liabilities and accrued
dividends

    14,104

    -1,489

     9,123

       358

       495

     1,290

     1,030

       754

       266

       229

       300

       571

     1,177

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total liabilities

 8,623,208

   198,665

 4,404,434

   188,394

   366,188

   564,604

   573,789

   574,548

   138,944

    82,537

   133,624

   439,701

   957,779

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital paid in

    33,123

     1,459

    11,062

     1,256

     3,309

     6,793

     1,105

     1,283

       673

       170

       348

       813

     4,849

Surplus

     6,785

       308

     2,280

       244

       587

     1,412

       307

       266

       129

        58

        73

       122

       999

Other capital

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total liabilities and capital

 8,663,117

   200,432

 4,417,777

   189,894

   370,085

   572,809

   575,201

   576,098

   139,746

    82,765

   134,046

   440,637

   963,627

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, November 10, 2021 (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 $16.6 billion, Municipal Liquidity Facility LLC of $6.3 billion, and TALF II LLC of $3.5 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).

 

 

 


 

H.4.1

 

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

Millions of dollars

Federal Reserve notes and collateral

Wednesday

Nov 10, 2021

Federal Reserve notes outstanding

 2,415,417

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

   251,136

Federal Reserve notes to be collateralized

 2,164,281

Collateral held against Federal Reserve notes

 2,164,281

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

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

 2,148,044

Other assets pledged

         0

Memo:

 

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

 8,148,320

Less: Face value of securities under reverse repurchase agreements

 1,695,498

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

 6,452,822

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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