Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: Thursday, October 13, 2022
Release dates | Data Download Program (DDP) | About | Announcements | Technical Q&As
Current release  Other formats: Screen reader | 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

October 13, 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
Oct 12, 2022

Week ended
Oct 12, 2022

Change from week ended

Oct 5, 2022

Oct 13, 2021

Reserve Bank credit

 8,724,877

-    3,383

+  292,782

 8,724,414

Securities held outright1

 8,330,937

-    9,054

+  378,211

 8,330,346

U.S. Treasury securities

 5,630,432

-    9,054

+  174,806

 5,629,841

Bills2

   305,232

-    4,172

-   20,812

   304,652

Notes and bonds, nominal2

 4,849,432

-    4,837

+  152,320

 4,849,432

Notes and bonds, inflation-indexed2

   375,761

         0

+    8,291

   375,761

Inflation compensation3

   100,008

-       44

+   35,008

    99,996

Federal agency debt securities2

     2,347

         0

         0

     2,347

Mortgage-backed securities4

 2,698,158

         0

+  203,405

 2,698,158

Unamortized premiums on securities held outright5

   322,953

-      742

-   31,709

   322,758

Unamortized discounts on securities held outright5

   -26,787

-      131

-   10,907

   -26,741

Repurchase agreements6

         0

         0

         0

         0

Foreign official

         0

         0

         0

         0

Others

         0

         0

         0

         0

Loans

    20,783

-      296

-   35,497

    20,067

Primary credit

     7,390

+      297

+    7,026

     7,669

Secondary credit

         0

         0

         0

         0

Seasonal credit

        43

-       15

+       24

        42

Primary Dealer Credit Facility

         0

         0

         0

         0

Paycheck Protection Program Liquidity Facility

    13,349

-      580

-   42,547

    12,356

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Corporate Credit Facilities LLC7

         0

         0

-      515

         0

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

    25,725

+       14

-    4,733

    25,742

Net portfolio holdings of Municipal Liquidity Facility LLC7

     5,566

+        2

-    4,211

     5,567

Net portfolio holdings of TALF II LLC7

     2,136

-        1

-    2,359

     2,137

Float

      -143

+      209

-       16

      -193

Central bank liquidity swaps8

     3,307

+    3,007

+    2,983

     3,307

Other Federal Reserve assets9

    40,400

+    3,610

+    1,536

    41,423

Foreign currency denominated assets10

    16,934

-      146

-    3,848

    16,787

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding11

    51,356

+       14

+      675

    51,356

 

 

 

 

 

Total factors supplying reserve funds

 8,809,408

-    3,515

+  289,609

 8,808,798

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
Oct 12, 2022

Week ended
Oct 12, 2022

Change from week ended

Oct 5, 2022

Oct 13, 2021

Currency in circulation11

 2,286,728

+    6,341

+   83,266

 2,287,827

Reverse repurchase agreements12

 2,553,308

-   82,090

+  889,969

 2,580,347

Foreign official and international accounts

   323,267

+   25,930

+   30,706

   333,141

Others

 2,230,041

-  108,021

+  859,263

 2,247,206

Treasury cash holdings

        98

-        4

+       48

       103

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

   819,906

-   40,526

+  436,944

   788,876

Term deposits held by depository institutions

         0

         0

         0

         0

U.S. Treasury, General Account

   608,302

-   25,637

+  530,444

   583,513

Foreign official

     7,652

+      216

+    2,388

     7,435

Other13

   203,952

-   15,106

-   95,888

   197,928

Treasury contributions to credit facilities14

    17,940

         0

-    8,457

    17,940

Other liabilities and capital15

    43,516

-    2,274

-    5,569

    43,398

 

 

 

 

 

Total factors, other than reserve balances,
absorbing reserve funds

 5,721,496

-  118,553

+1,396,200

 5,718,491

 

 

 

 

 

Reserve balances with Federal Reserve Banks

 3,087,912

+  115,038

-1,106,591

 3,090,307

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 $13.9 billion, Municipal Liquidity Facility LLC of $2.9 billion, and TALF II LLC of $1.2 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
Oct 12, 2022

Week ended
Oct 12, 2022

Change from week ended

Oct 5, 2022

Oct 13, 2021

Securities held in custody for foreign official and international accounts

 3,325,227

+      888

-  157,692

 3,328,999

Marketable U.S. Treasury securities1

 2,918,701

+    1,243

-  147,454

 2,922,439

Federal agency debt and mortgage-backed securities2

   322,154

-       10

-    3,342

   322,153

Other securities3

    84,372

-      345

-    6,896

    84,407

Securities lent to dealers

    43,409

-    5,111

+    2,005

    44,139

Overnight facility4

    43,409

-    5,111

+    2,005

    44,139

U.S. Treasury securities

    43,400

-    5,103

+    1,996

    44,139

Federal agency debt securities

         9

-        8

+        9

         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, October 12, 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

     1,963

     5,757

         0

    12,347

         0

...

    20,067

U.S. Treasury securities2

 

 

 

 

 

 

 

Holdings

    66,698

   346,045

   790,328

 1,979,960

   991,971

 1,454,839

 5,629,841

Weekly changes

-    5,080

-    1,665

+    2,696

-       14

-       11

-       10

-    4,085

Federal agency debt securities3

 

 

 

 

 

 

 

Holdings

         0

         0

         0

         0

     2,347

         0

     2,347

Weekly changes

         0

         0

         0

         0

         0

         0

         0

Mortgage-backed securities4

 

 

 

 

 

 

 

Holdings

         0

         2

        55

     3,457

    54,494

 2,640,150

 2,698,158

Weekly changes

         0

         0

         0

         0

         0

         0

         0

Loan participations held by MS

 

 

 

 

 

 

 

Facilities LLC (Main Street Lending

 

 

 

 

 

 

 

Program)5

         0

         0

         0

    12,713

...

...

    12,713

Municipal notes held by Municipal

 

 

 

 

 

 

 

Liquidity Facility LLC6

         0

         0

         0

     2,907

...

...

     2,907

Loans held by TALF II LLC7

         0

         0

       484

       574

...

...

     1,058

Repurchase agreements8

         0

         0

...

...

...

...

         0

Central bank liquidity swaps9

     3,307

         0

         0

         0

         0

         0

     3,307

Reverse repurchase agreements8

 2,580,347

         0

...

...

...

...

 2,580,347

Term deposits

         0

         0

         0

...

...

...

         0

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

 

1.

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

2.

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

3.

Face value.

4.

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

5.

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

6.

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

7.

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

8.

Cash value of agreements.

9.

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

 

 


 

H.4.1

 

3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Account name

Wednesday

Oct 12, 2022

Mortgage-backed securities held outright1

 2,698,158

Residential mortgage-backed securities

 2,689,557

Commercial mortgage-backed securities

     8,601

 

 

Commitments to buy mortgage-backed securities2

     3,170

Commitments to sell mortgage-backed securities2

         5

 

 

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 Oct 12, 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)

    12,642

    10,927

    14,815

    25,742

Municipal Liquidity Facility LLC

     2,907

     2,907

     2,660

     5,567

TALF II LLC

     1,096

     1,058

     1,079

     2,137

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 June 30, 2022.

 

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

 

    a one-day lag after the transaction date.

 

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

3.

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

 

 


 

H.4.1

 

5. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Assets, liabilities, and capital

Eliminations from consolidation

Wednesday
Oct 12, 2022

Change since

Wednesday

Wednesday

Oct 5, 2022

Oct 13, 2021

Assets

 

 

 

 

Gold certificate account

 

    11,037

         0

         0

Special drawing rights certificate account

 

     5,200

         0

         0

Coin

 

     1,208

-        8

+        8

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

 

 8,646,430

-    6,203

+  289,224

Securities held outright1

 

 8,330,346

-    4,085

+  367,316

U.S. Treasury securities

 

 5,629,841

-    4,085

+  163,917

Bills2

 

   304,652

-    4,047

-   21,392

Notes and bonds, nominal2

 

 4,849,432

         0

+  142,261

Notes and bonds, inflation-indexed2

 

   375,761

         0

+    8,119

Inflation compensation3

 

    99,996

-       38

+   34,929

Federal agency debt securities2

 

     2,347

         0

         0

Mortgage-backed securities4

 

 2,698,158

         0

+  203,399

Unamortized premiums on securities held outright5

 

   322,758

-      609

-   31,859

Unamortized discounts on securities held outright5

 

   -26,741

-      161

-   10,864

Repurchase agreements6

 

         0

         0

         0

Loans7

 

    20,067

-    1,348

-   35,369

Net portfolio holdings of Corporate Credit Facilities LLC8

 

         0

         0

-      515

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

 

    25,742

+       20

-    4,723

Net portfolio holdings of Municipal Liquidity Facility LLC8

 

     5,567

+        2

-    4,212

Net portfolio holdings of TALF II LLC8

 

     2,137

+        1

-    2,358

Items in process of collection

(0)

       128

+       23

+        3

Bank premises

 

       626

+       13

-      921

Central bank liquidity swaps9

 

     3,307

+    3,007

+    2,974

Foreign currency denominated assets10

 

    16,787

-      281

-    3,922

Other assets11

 

    40,799

+    3,341

+    2,467

 

 

 

 

 

Total assets

(0)

 8,758,969

-       84

+  278,027

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
Oct 12, 2022

Change since

Wednesday

Wednesday

Oct 5, 2022

Oct 13, 2021

Liabilities

 

 

 

 

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

 

 2,237,778

+    4,434

+   82,545

Reverse repurchase agreements12

 

 2,580,347

+   35,502

+  922,725

Deposits

(0)

 3,879,184

-   37,148

-  714,003

Term deposits held by depository institutions

 

         0

         0

         0

Other deposits held by depository institutions

 

 3,090,308

+   13,858

-1,114,202

U.S. Treasury, General Account

 

   583,513

-   38,618

+  511,053

Foreign official

 

     7,435

+        1

+    2,171

Other13

(0)

   197,928

-   12,388

-  113,026

Deferred availability cash items

(0)

       322

+        4

+       82

Treasury contributions to credit facilities14

 

    17,940

         0

-    8,457

Other liabilities and accrued dividends15

 

     1,528

-    2,888

-    6,873

 

 

 

 

 

Total liabilities

(0)

 8,717,098

-       96

+  276,019

 

 

 

 

 

Capital accounts

 

 

 

 

Capital paid in

 

    35,086

+       13

+    2,008

Surplus

 

     6,785

         0

         0

Other capital accounts

 

         0

         0

         0

 

 

 

 

 

Total capital

 

    41,871

+       13

+    2,008

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

1.

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

2.

Face value of the securities.

3.

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

4.

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

5.

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

6.

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

7.

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

8.

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

9.

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

10.

Revalued daily at current foreign currency exchange rates.

11.

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

12.

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

13.

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

14.

Book value. Amount of equity investments in MS Facilities LLC of $13.9 billion, Municipal Liquidity Facility LLC of $2.9 billion, and TALF II LLC of $1.2 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, October 12, 2022

Millions of dollars

Assets, liabilities, and capital

Total

Boston

New York

Philadelphia

Cleveland

Richmond

Atlanta

Chicago

St. Louis

Minneapolis

Kansas

Dallas

San

City

Francisco

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

Gold certificates and special drawing rights certificates

    16,237

       544

     5,271

       537

       763

     1,203

     2,247

     1,093

       461

       263

       440

     1,279

     2,136

Coin

     1,208

        18

        24

       109

        48

       184

        83

       228

        25

        36

        87

       153

       214

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

 8,646,430

   172,837

 4,424,644

   198,209

   347,210

   601,188

   564,833

   590,140

   135,565

    66,257

   135,310

   442,683

   967,555

Net portfolio holdings of MS

 

 

 

 

 

 

 

 

 

 

 

 

 

Facilities LLC (Main Street Lending

 

 

 

 

 

 

 

 

 

 

 

 

 

Program)2

    25,742

    25,742

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Municipal Liquidity Facility LLC2

     5,567

         0

     5,567

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of TALF II LLC2

     2,137

         0

     2,137

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Central bank liquidity swaps3

     3,307

       142

     1,151

       123

       323

       663

       108

       125

        67

        17

        34

        79

       474

Foreign currency denominated

 

 

 

 

 

 

 

 

 

 

 

 

 

assets4

    16,787

       723

     5,848

       623

     1,641

     3,366

       546

       636

       338

        84

       173

       403

     2,406

Other assets5

    41,554

       931

    20,077

     1,036

     1,706

     3,209

     2,827

     2,788

       780

       499

       937

     2,200

     4,564

Interdistrict settlement account

         0

-   14,629

+  328,867

-   40,269

-   44,703

-   11,004

+    9,723

-   64,382

-    9,240

-    2,336

-   19,795

-   32,476

-   99,757

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 8,758,969

   186,309

 4,793,587

   160,367

   306,987

   598,810

   580,366

   530,629

   127,995

    64,819

   117,186

   414,321

   877,593

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, October 12, 2022 (continued)

Millions of dollars

Assets, liabilities, and capital

Total

Boston

New York

Philadelphia

Cleveland

Richmond

Atlanta

Chicago

St. Louis

Minneapolis

Kansas

Dallas

San

City

Francisco

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

Federal Reserve notes, net

 2,237,778

    78,292

   707,683

    54,912

   106,935

   156,239

   348,758

   122,937

    70,382

    33,371

    52,413

   192,281

   313,574

Reverse repurchase agreements6

 2,580,347

    51,658

 1,322,948

    59,279

   103,041

   179,815

   168,823

   176,392

    40,525

    18,296

    40,279

   132,293

   286,996

Deposits

 3,879,184

    41,334

 2,744,367

    44,505

    92,897

   253,922

    60,776

   229,619

    15,995

    12,750

    23,867

    88,416

   270,734

Depository institutions

 3,090,308

    41,326

 2,106,258

    44,504

    92,850

   252,745

    60,735

    80,555

    15,993

    12,616

    23,840

    88,184

   270,704

U.S. Treasury, General Account

   583,513

         0

   583,513

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     7,435

         2

     7,409

         1

         4

         8

         1

         2

         1

         0

         0

         1

         6

Other7

   197,928

         7

    47,188

         0

        43

     1,170

        40

   149,063

         1

       134

        27

       231

        25

Earnings remittances due to the U.S. Treasury8

    -4,076

       -80

    -2,809

       -43

      -124

      -506

        22

      -293

         4

       -11

        -7

       -10

      -217

Treasury contributions to credit facilities9

    17,940

    13,891

     4,049

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Other liabilities and accrued
dividends

     5,925

      -593

     2,736

       204

       263

       893

       652

       464

       170

       155

       203

       259

       520

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total liabilities

 8,717,098

   184,502

 4,778,974

   158,858

   303,011

   590,363

   579,032

   529,118

   127,077

    64,561

   116,755

   413,240

   871,607

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital paid in

    35,086

     1,514

    12,250

     1,258

     3,313

     7,086

     1,114

     1,253

       781

       224

       361

       918

     5,013

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

 8,758,969

   186,309

 4,793,587

   160,367

   306,987

   598,810

   580,366

   530,629

   127,995

    64,819

   117,186

   414,321

   877,593

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, October 12, 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 $13.9 billion, Municipal Liquidity Facility LLC of $2.9 billion, and TALF II LLC of $1.2 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 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 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

Oct 12, 2022

Federal Reserve notes outstanding

 2,589,299

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

   351,521

Federal Reserve notes to be collateralized

 2,237,778

Collateral held against Federal Reserve notes

 2,237,778

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

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

 2,221,541

Other assets pledged

         0

Memo:

 

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

 8,330,346

Less: Face value of securities under reverse repurchase agreements

 2,860,099

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

 5,470,248

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 | PDF (21 KB)

Statistical releases