FRB: H.4.1 Release-- Factors Affecting Reserve Balances -- Thursday, February 17, 2022

FEDERAL RESERVE statistical release

H.4.1

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

February 17, 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 Feb 16, 2022
	Week ended Feb 16, 2022	Change from week ended
	Week ended Feb 16, 2022	Feb 9, 2022	Feb 17, 2021
Reserve Bank credit	8,858,545	+ 20,847	+1,346,131	8,872,950
Securities held outright1	8,417,836	+ 24,677	+1,436,997	8,445,579
U.S. Treasury securities	5,735,288	+ 5,326	+ 923,144	5,738,619
Bills2	326,044	0	0	326,044
Notes and bonds, nominal2	4,949,625	+ 4,973	+ 827,270	4,952,826
Notes and bonds, inflation-indexed2	385,089	0	+ 64,667	385,089
Inflation compensation3	74,529	+ 352	+ 31,207	74,659
Federal agency debt securities2	2,347	0	0	2,347
Mortgage-backed securities4	2,680,201	+ 19,351	+ 513,853	2,704,613
Unamortized premiums on securities held outright5	350,628	- 595	+ 1,270	350,324
Unamortized discounts on securities held outright5	-19,518	- 324	- 12,986	-20,185
Repurchase agreements6	0	0	- 714	0
Foreign official	0	0	- 714	0
Others	0	0	0	0
Loans	28,626	- 322	- 24,405	28,706
Primary credit	758	+ 432	- 1,009	1,112
Secondary credit	0	0	0	0
Seasonal credit	0	0	0	0
Primary Dealer Credit Facility	0	0	- 265	0
Money Market Mutual Fund Liquidity Facility	0	0	- 1,729	0
Paycheck Protection Program Liquidity Facility	27,868	- 754	- 21,402	27,594
Other credit extensions	0	0	0	0
Net portfolio holdings of Commercial Paper Funding Facility II LLC7	0	0	- 8,557	0
Net portfolio holdings of Corporate Credit Facilities LLC7	0	0	- 26,269	0
Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)7	29,177	- 73	- 4,093	28,980
Net portfolio holdings of Municipal Liquidity Facility LLC7	7,097	- 441	- 4,439	7,098
Net portfolio holdings of TALF II LLC7	2,542	0	- 3,863	2,542
Float	-139	- 23	- 69	-167
Central bank liquidity swaps8	214	+ 7	- 7,951	214
Other Federal Reserve assets9	42,082	- 2,058	+ 1,210	29,858
Foreign currency denominated assets10	20,344	- 88	- 1,633	20,356
Gold stock	11,041	0	0	11,041
Special drawing rights certificate account	5,200	0	0	5,200
Treasury currency outstanding11	50,986	+ 14	+ 496	50,986

Total factors supplying reserve funds	8,946,115	+ 20,773	+1,344,993	8,960,532

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 Feb 16, 2022
	Week ended Feb 16, 2022	Change from week ended
	Week ended Feb 16, 2022	Feb 9, 2022	Feb 17, 2021
Currency in circulation11	2,232,103	+ 1,747	+ 130,078	2,234,394
Reverse repurchase agreements12	1,897,602	- 16,395	+1,692,539	1,901,462
Foreign official and international accounts	260,390	+ 217	+ 55,350	257,328
Others	1,637,212	- 16,612	+1,637,188	1,644,134
Treasury cash holdings	31	+ 6	- 41	34
Deposits with F.R. Banks, other than reserve balances	947,435	+ 9,140	- 862,591	960,654
Term deposits held by depository institutions	0	0	0	0
U.S. Treasury, General Account	692,541	+ 6,157	- 874,500	709,261
Foreign official	5,790	+ 572	- 16,512	7,251
Other13	249,104	+ 2,410	+ 28,421	244,141
Treasury contributions to credit facilities14	21,258	0	- 30,520	21,258
Other liabilities and capital15	47,712	- 1,787	- 5,538	46,010

Total factors, other than reserve balances, absorbing reserve funds	5,146,142	- 7,289	+ 923,927	5,163,812

Reserve balances with Federal Reserve Banks	3,799,973	+ 28,062	+ 421,066	3,796,720

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 Feb 16, 2022
	Week ended Feb 16, 2022	Change from week ended
	Week ended Feb 16, 2022	Feb 9, 2022	Feb 17, 2021
Securities held in custody for foreign official and international accounts	3,447,889	- 17,870	- 101,845	3,449,672
Marketable U.S. Treasury securities1	3,041,368	- 18,779	- 58,514	3,043,010
Federal agency debt and mortgage-backed securities2	323,600	+ 533	- 36,749	324,071
Other securities3	82,921	+ 376	- 6,582	82,591
Securities lent to dealers	39,612	+ 2,843	+ 12,797	42,884
Overnight facility4	39,612	+ 2,843	+ 12,797	42,884
U.S. Treasury securities	39,612	+ 2,843	+ 12,797	42,884
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, February 16, 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	532	1,217	237	26,721	0	...	28,706
U.S. Treasury securities2
Holdings	86,572	324,187	735,457	2,191,349	991,620	1,409,433	5,738,619
Weekly changes	- 32,969	+ 38,539	- 2,531	- 12,186	- 20,484	+ 36,386	+ 6,755
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	37	2,094	66,430	2,636,051	2,704,613
Weekly changes	0	0	0	- 12	- 570	+ 44,345	+ 43,762
Loan participations held by MS
Facilities LLC (Main Street Lending
Program)5	0	0	0	15,110	...	...	15,110
Municipal notes held by Municipal
Liquidity Facility LLC6	451	0	0	2,907	...	...	3,358
Loans held by TALF II LLC7	0	0	0	1,286	...	...	1,286
Repurchase agreements8	0	0	...	...	...	...	0
Central bank liquidity swaps9	214	0	0	0	0	0	214
Reverse repurchase agreements8	1,901,462	0	...	...	...	...	1,901,462
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.

Account name	Wednesday
Mortgage-backed securities held outright1	2,704,613
Residential mortgage-backed securities	2,695,537
Commercial mortgage-backed securities	9,077

Commitments to buy mortgage-backed securities2	70,202
Commitments to sell mortgage-backed securities2	1,000

Cash and cash equivalents3	0

4. Information on Principal Accounts of Credit Facilities LLCs

Millions of dollars

Credit Facilities LLCs:	Wednesday Feb 16, 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)	14,727	13,087	15,893	28,980
Municipal Liquidity Facility LLC	3,358	3,358	3,740	7,098
TALF II LLC	1,345	1,286	1,256	2,542

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 December 31, 2021.
	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 Feb 16, 2022	Change since
			Wednesday	Wednesday
			Feb 9, 2022	Feb 17, 2021
Assets
Gold certificate account		11,037	0	0
Special drawing rights certificate account		5,200	0	0
Coin		1,271	+ 19	- 291
Securities, unamortized premiums and discounts, repurchase agreements, and loans		8,804,425	+ 48,862	+1,409,942
Securities held outright1		8,445,579	+ 50,518	+1,448,613
U.S. Treasury securities		5,738,619	+ 6,755	+ 914,562
Bills2		326,044	0	0
Notes and bonds, nominal2		4,952,826	+ 6,402	+ 818,583
Notes and bonds, inflation-indexed2		385,089	0	+ 64,667
Inflation compensation3		74,659	+ 353	+ 31,311
Federal agency debt securities2		2,347	0	0
Mortgage-backed securities4		2,704,613	+ 43,762	+ 534,051
Unamortized premiums on securities held outright5		350,324	- 838	+ 599
Unamortized discounts on securities held outright5		-20,185	- 993	- 13,457
Repurchase agreements6		0	0	- 500
Loans7		28,706	+ 174	- 25,313
Net portfolio holdings of Commercial Paper Funding Facility II LLC8		0	0	- 8,556
Net portfolio holdings of Corporate Credit Facilities LLC8		0	0	- 26,240
Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)8		28,980	- 278	- 4,285
Net portfolio holdings of Municipal Liquidity Facility LLC8		7,098	+ 1	- 4,440
Net portfolio holdings of TALF II LLC8		2,542	0	- 3,863
Items in process of collection	(0)	53	- 38	- 16
Bank premises		1,387	+ 5	- 657
Central bank liquidity swaps9		214	+ 14	- 7,951
Foreign currency denominated assets10		20,356	- 56	- 1,491
Other assets11		28,472	- 15,503	+ 1,480

Total assets	(0)	8,911,033	+ 33,024	+1,353,631

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 Feb 16, 2022	Change since
			Wednesday	Wednesday
			Feb 9, 2022	Feb 17, 2021
Liabilities
Federal Reserve notes, net of F.R. Bank holdings		2,184,708	+ 2,953	+ 131,369
Reverse repurchase agreements12		1,901,462	- 6,429	+1,699,743
Deposits	(0)	4,757,374	+ 37,404	- 443,631
Term deposits held by depository institutions		0	0	0
Other deposits held by depository institutions		3,796,720	+ 1,743	+ 388,849
U.S. Treasury, General Account		709,261	+ 30,242	- 859,632
Foreign official		7,251	+ 2,061	- 15,801
Other13	(0)	244,141	+ 3,357	+ 42,953
Deferred availability cash items	(0)	220	+ 12	+ 39
Treasury contributions to credit facilities14		21,258	0	- 30,520
Other liabilities and accrued dividends15		5,549	- 841	- 4,633

Total liabilities	(0)	8,870,572	+ 33,100	+1,352,367

Capital accounts
Capital paid in		33,676	- 76	+ 1,264
Surplus		6,785	0	0
Other capital accounts		0	0	0

Total capital		40,461	- 76	+ 1,264

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 $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, February 16, 2022

Millions of dollars

Assets, liabilities, and capital	Total	Boston	New York	Philadelphia	Cleveland	Richmond	Atlanta	Chicago	St. Louis	Minneapolis	Kansas	Dallas	San
Assets, liabilities, and capital	Total	Boston	New York	Philadelphia	Cleveland	Richmond	Atlanta	Chicago	St. Louis	Minneapolis	City	Dallas	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	1,271	16	24	115	51	182	111	231	20	37	90	160	233
Securities, unamortized premiums and discounts, repurchase agreements, and loans1	8,804,425	146,712	4,965,144	185,376	324,344	588,481	514,198	478,930	114,668	78,257	116,909	388,232	903,177
Net portfolio holdings of MS
Facilities LLC (Main Street Lending
Program)2	28,980	28,980	0	0	0	0	0	0	0	0	0	0	0
Net portfolio holdings of Municipal Liquidity Facility LLC2	7,098	0	7,098	0	0	0	0	0	0	0	0	0	0
Net portfolio holdings of TALF II LLC2	2,542	0	2,542	0	0	0	0	0	0	0	0	0	0
Central bank liquidity swaps3	214	10	72	8	18	44	10	8	4	2	2	4	31
Foreign currency denominated
assets4	20,356	924	6,842	731	1,760	4,236	921	798	387	173	220	367	2,998
Other assets5	29,912	593	15,594	723	1,158	2,310	1,826	1,637	557	398	713	1,411	2,992
Interdistrict settlement account	0	+ 4,731	- 213,436	- 7,999	- 1,892	- 15,219	+ 59,170	+ 79,111	+ 20,079	- 187	+ 16,343	+ 62,755	- 3,454

Total assets	8,911,033	182,495	4,789,302	179,476	326,191	581,221	578,423	561,851	136,189	78,953	134,733	454,148	908,052

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, February 16, 2022 (continued)

Millions of dollars

Assets, liabilities, and capital	Total	Boston	New York	Philadelphia	Cleveland	Richmond	Atlanta	Chicago	St. Louis	Minneapolis	Kansas	Dallas	San
Assets, liabilities, and capital	Total	Boston	New York	Philadelphia	Cleveland	Richmond	Atlanta	Chicago	St. Louis	Minneapolis	City	Dallas	Francisco
Liabilities
Federal Reserve notes, net	2,184,708	72,170	702,088	59,668	102,600	152,390	327,311	125,235	64,285	33,020	56,109	190,006	299,826
Reverse repurchase agreements6	1,901,462	31,775	1,074,813	40,160	69,187	127,413	111,411	103,763	24,790	14,713	25,250	84,086	194,101
Deposits	4,757,374	62,207	2,989,999	77,910	150,110	292,502	137,676	330,852	46,108	30,804	52,751	178,707	407,748
Depository institutions	3,796,720	62,180	2,225,369	77,909	150,011	291,936	137,501	137,100	46,098	30,330	52,175	178,435	407,678
U.S. Treasury, General Account	709,261	0	709,261	0	0	0	0	0	0	0	0	0	0
Foreign official	7,251	2	7,225	1	3	8	2	2	1	0	0	1	6
Other7	244,141	25	48,144	0	96	558	173	193,751	9	474	576	272	64
Earnings remittances due to the U.S. Treasury8	2,509	36	1,464	50	93	160	153	129	16	16	19	113	257
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	3,261	-1,254	1,353	191	216	601	557	375	168	151	186	257	459

Total liabilities	8,870,572	180,608	4,775,300	177,980	322,207	573,067	577,109	560,354	135,367	78,704	134,315	453,169	902,392

Capital
Capital paid in	33,676	1,594	11,639	1,244	3,321	6,793	1,094	1,239	685	215	348	817	4,687
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	8,911,033	182,495	4,789,302	179,476	326,191	581,221	578,423	561,851	136,189	78,953	134,733	454,148	908,052

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, February 16, 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).

Federal Reserve notes and collateral	Wednesday
Federal Reserve notes and collateral	Feb 16, 2022
Federal Reserve notes outstanding	2,467,630
Less: Notes held by F.R. Banks not subject to collateralization	282,921
Federal Reserve notes to be collateralized	2,184,708
Collateral held against Federal Reserve notes	2,184,708
Gold certificate account	11,037
Special drawing rights certificate account	5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2	2,168,472
Other assets pledged	0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities1,2	8,445,579
Less: Face value of securities under reverse repurchase agreements	1,920,240
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged	6,525,339

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.

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.