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Release Date: Thursday, November 10, 2022
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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 10, 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
Nov 9, 2022

Week ended
Nov 9, 2022

Change from week ended

Nov 2, 2022

Nov 10, 2021

Reserve Bank credit

 8,642,580

-   19,349

+   84,122

 8,643,955

Securities held outright1

 8,255,992

-   17,855

+  172,361

 8,256,104

U.S. Treasury securities

 5,575,120

-   17,859

+   31,023

 5,575,232

Bills2

   296,059

         0

-   29,985

   296,059

Notes and bonds, nominal2

 4,803,184

-   18,062

+   24,894

 4,803,184

Notes and bonds, inflation-indexed2

   375,764

+        3

+    2,750

   375,786

Inflation compensation3

   100,113

+      200

+   33,365

   100,203

Federal agency debt securities2

     2,347

         0

         0

     2,347

Mortgage-backed securities4

 2,678,524

+        3

+  141,337

 2,678,524

Unamortized premiums on securities held outright5

   319,751

-      622

-   35,114

   319,545

Unamortized discounts on securities held outright5

   -27,145

-      312

-   10,422

   -27,087

Repurchase agreements6

         0

         0

         0

         1

Foreign official

         0

         0

         0

         0

Others

         0

         0

         0

         1

Loans

    16,397

-    2,715

-   31,363

    16,612

Primary credit

     3,487

-    2,489

+    3,149

     3,734

Secondary credit

         0

         0

         0

         0

Seasonal credit

        17

         0

+        7

        19

Primary Dealer Credit Facility

         0

         0

         0

         0

Paycheck Protection Program Liquidity Facility

    12,893

-      225

-   34,519

    12,859

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

    25,640

+       19

-    4,869

    25,659

Net portfolio holdings of Municipal Liquidity Facility LLC7

     5,574

+        1

-    4,210

     5,576

Net portfolio holdings of TALF II LLC7

     2,103

-       21

-    2,387

     2,105

Float

      -142

+      335

-       18

      -195

Central bank liquidity swaps8

       195

-        8

-      133

       195

Other Federal Reserve assets9

    44,214

+    1,827

+      790

    45,442

Foreign currency denominated assets10

    17,056

+       38

-    3,645

    17,194

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding11

    51,412

+       14

+      705

    51,412

 

 

 

 

 

Total factors supplying reserve funds

 8,727,289

-   19,297

+   81,181

 8,728,802

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 9, 2022

Week ended
Nov 9, 2022

Change from week ended

Nov 2, 2022

Nov 10, 2021

Currency in circulation11

 2,288,240

+    3,589

+   78,398

 2,292,260

Reverse repurchase agreements12

 2,584,810

+   45,614

+  909,489

 2,592,090

Foreign official and international accounts

   352,811

+   14,784

+   47,621

   354,278

Others

 2,231,999

+   30,830

+  861,868

 2,237,812

Treasury cash holdings

        99

+        1

+       49

       100

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

   728,724

-   70,804

+  215,151

   715,424

Term deposits held by depository institutions

         0

         0

         0

         0

U.S. Treasury, General Account

   527,479

-   71,065

+  268,186

   517,340

Foreign official

     7,457

+       18

+    1,839

     7,436

Other13

   193,788

+      243

-   54,874

   190,649

Treasury contributions to credit facilities14

    17,940

         0

-    8,457

    17,940

Other liabilities and capital15

    39,590

-    2,854

-   12,294

    39,758

 

 

 

 

 

Total factors, other than reserve balances,
absorbing reserve funds

 5,659,402

-   24,456

+1,182,335

 5,657,572

 

 

 

 

 

Reserve balances with Federal Reserve Banks

 3,067,888

+    5,161

-1,101,153

 3,071,230

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
Nov 9, 2022

Week ended
Nov 9, 2022

Change from week ended

Nov 2, 2022

Nov 10, 2021

Securities held in custody for foreign official and international accounts

 3,320,534

+   10,375

-  159,475

 3,320,190

Marketable U.S. Treasury securities1

 2,906,890

+    9,983

-  161,582

 2,906,575

Federal agency debt and mortgage-backed securities2

   329,177

+       50

+      613

   329,175

Other securities3

    84,466

+      340

+    1,493

    84,440

Securities lent to dealers

    45,578

+    6,852

+    8,715

    43,192

Overnight facility4

    45,578

+    6,852

+    8,715

    43,192

U.S. Treasury securities

    45,578

+    6,852

+    8,715

    43,192

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 9, 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

     1,665

     2,097

         0

    12,850

         0

...

    16,612

U.S. Treasury securities2

 

 

 

 

 

 

 

Holdings

   109,880

   301,375

   789,366

 1,939,222

   980,441

 1,454,949

 5,575,232

Weekly changes

-   20,773

+   14,224

+    6,561

+       92

+       95

+       69

+      267

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

        53

     4,073

    52,113

 2,622,282

 2,678,524

Weekly changes

         0

+        1

-        2

         0

+       34

-       34

+        1

Loan participations held by MS

 

 

 

 

 

 

 

Facilities LLC (Main Street Lending

 

 

 

 

 

 

 

Program)5

         0

         0

         0

    12,294

...

...

    12,294

Municipal notes held by Municipal

 

 

 

 

 

 

 

Liquidity Facility LLC6

         0

         0

         0

     2,907

...

...

     2,907

Loans held by TALF II LLC7

         0

         0

       788

       251

...

...

     1,039

Repurchase agreements8

         1

         0

...

...

...

...

         1

Central bank liquidity swaps9

       195

         0

         0

         0

         0

         0

       195

Reverse repurchase agreements8

 2,592,090

         0

...

...

...

...

 2,592,090

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

Nov 9, 2022

Mortgage-backed securities held outright1

 2,678,524

Residential mortgage-backed securities

 2,669,970

Commercial mortgage-backed securities

     8,554

 

 

Commitments to buy mortgage-backed securities2

         0

Commitments to sell mortgage-backed securities2

         0

 

 

Cash and cash equivalents3

         4

 

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 9, 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)

    12,088

    10,901

    14,759

    25,659

Municipal Liquidity Facility LLC

     2,907

     2,907

     2,669

     5,576

TALF II LLC

     1,058

     1,039

     1,066

     2,105

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 September 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
Nov 9, 2022

Change since

Wednesday

Wednesday

Nov 2, 2022

Nov 10, 2021

Assets

 

 

 

 

Gold certificate account

 

    11,037

         0

         0

Special drawing rights certificate account

 

     5,200

         0

         0

Coin

 

     1,196

-        2

-        8

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

 

 8,565,174

-    1,457

+   30,882

Securities held outright1

 

 8,256,104

+      268

+  107,784

U.S. Treasury securities

 

 5,575,232

+      267

+   22,625

Bills2

 

   296,059

         0

-   29,985

Notes and bonds, nominal2

 

 4,803,184

         0

+   17,608

Notes and bonds, inflation-indexed2

 

   375,786

+       25

+    1,744

Inflation compensation3

 

   100,203

+      242

+   33,258

Federal agency debt securities2

 

     2,347

         0

         0

Mortgage-backed securities4

 

 2,678,524

+        1

+   85,158

Unamortized premiums on securities held outright5

 

   319,545

-      590

-   36,263

Unamortized discounts on securities held outright5

 

   -27,087

-      304

-   10,320

Repurchase agreements6

 

         1

         0

+        1

Loans7

 

    16,612

-      831

-   30,318

Net portfolio holdings of Corporate Credit Facilities LLC8

 

         0

         0

-      515

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

 

    25,659

+       22

-    4,857

Net portfolio holdings of Municipal Liquidity Facility LLC8

 

     5,576

+        2

-    4,209

Net portfolio holdings of TALF II LLC8

 

     2,105

+        2

-    2,386

Items in process of collection

(0)

       108

         0

+       36

Bank premises

 

       637

-        1

-      818

Central bank liquidity swaps9

 

       195

-        8

-      133

Foreign currency denominated assets10

 

    17,194

+      113

-    3,428

Other assets11

 

    44,806

+    3,346

+    1,207

 

 

 

 

 

Total assets

(0)

 8,678,886

+    2,016

+   15,769

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 9, 2022

Change since

Wednesday

Wednesday

Nov 2, 2022

Nov 10, 2021

Liabilities

 

 

 

 

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

 

 2,242,141

+    5,568

+   77,860

Reverse repurchase agreements12

 

 2,592,090

+   11,490

+  839,113

Deposits

(0)

 3,786,654

-   12,189

-  876,036

Term deposits held by depository institutions

 

         0

         0

         0

Other deposits held by depository institutions

 

 3,071,230

+   24,250

-1,107,356

U.S. Treasury, General Account

 

   517,340

-   34,749

+  285,919

Foreign official

 

     7,436

         0

+      844

Other13

(0)

   190,649

-    1,690

-   55,442

Deferred availability cash items

(0)

       303

+       13

+       32

Treasury contributions to credit facilities14

 

    17,940

         0

-    8,457

Other liabilities and accrued dividends15

 

    -1,827

-    2,577

-   18,419

 

 

 

 

 

Total liabilities

(0)

 8,637,300

+    2,305

+   14,092

 

 

 

 

 

Capital accounts

 

 

 

 

Capital paid in

 

    34,801

-      289

+    1,678

Surplus

 

     6,785

         0

         0

Other capital accounts

 

         0

         0

         0

 

 

 

 

 

Total capital

 

    41,586

-      289

+    1,678

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

1.

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

2.

Face value of the securities.

3.

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

4.

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

5.

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

6.

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

7.

Loans includes primary, secondary, and seasonal loans and credit extended through the Primary Dealer Credit Facility, 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, November 9, 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

     1,196

        16

        24

       108

        45

       187

        78

       221

        23

        36

        88

       150

       220

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

 8,565,174

   171,380

 4,386,149

   196,477

   344,004

   595,807

   559,617

   584,731

   134,297

    65,448

   133,841

   438,583

   954,840

Net portfolio holdings of MS

 

 

 

 

 

 

 

 

 

 

 

 

 

Facilities LLC (Main Street Lending

 

 

 

 

 

 

 

 

 

 

 

 

 

Program)2

    25,659

    25,659

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Municipal Liquidity Facility LLC2

     5,576

         0

     5,576

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of TALF II LLC2

     2,105

         0

     2,105

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Central bank liquidity swaps3

       195

         8

        68

         7

        19

        39

         6

         7

         4

         1

         2

         5

        28

Foreign currency denominated

 

 

 

 

 

 

 

 

 

 

 

 

 

assets4

    17,194

       740

     5,990

       638

     1,680

     3,447

       559

       652

       346

        87

       177

       413

     2,465

Other assets5

    45,550

     1,014

    22,093

     1,127

     1,887

     3,481

     3,070

     3,062

       864

       533

     1,012

     2,405

     5,004

Interdistrict settlement account

         0

-    1,210

+  305,281

-   43,913

-   50,984

-   10,835

+   14,178

-   54,454

-    7,978

-    2,214

-   18,532

-   25,296

-  104,044

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 8,678,886

   198,151

 4,732,557

   154,981

   297,415

   593,329

   579,756

   535,313

   128,017

    64,153

   117,028

   417,539

   860,648

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 9, 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

 2,242,141

    77,985

   706,945

    54,436

   108,480

   161,758

   349,167

   122,274

    69,700

    32,225

    52,216

   192,175

   314,780

Reverse repurchase agreements6

 2,592,090

    51,893

 1,328,969

    59,549

   103,510

   180,634

   169,591

   177,195

    40,710

    18,379

    40,463

   132,896

   288,303

Deposits

 3,786,654

    52,842

 2,680,974

    39,338

    81,342

   242,484

    59,062

   234,480

    16,496

    13,156

    23,714

    91,327

   251,439

Depository institutions

 3,071,230

    52,834

 2,108,535

    39,337

    81,303

   241,965

    58,306

    93,134

    16,487

    13,093

    23,683

    91,202

   251,351

U.S. Treasury, General Account

   517,340

         0

   517,340

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     7,436

         2

     7,410

         1

         4

         8

         1

         2

         1

         0

         0

         1

         6

Other7

   190,649

         6

    47,690

         0

        36

       511

       755

   141,345

         8

        62

        30

       124

        82

Earnings remittances due to the U.S. Treasury8

    -8,589

      -170

    -6,130

       -69

      -157

      -901

         8

      -628

        -9

       -28

       -24

       -44

      -436

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

     7,065

       -89

     3,139

       217

       277

       903

       658

       515

       196

       165

       219

       284

       581

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total liabilities

 8,637,300

   196,352

 4,717,945

   153,471

   293,452

   584,878

   578,486

   533,836

   127,092

    63,897

   116,587

   416,637

   854,666

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital paid in

    34,801

     1,507

    12,248

     1,258

     3,300

     7,090

     1,049

     1,219

       788

       221

       371

       739

     5,010

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

 8,678,886

   198,151

 4,732,557

   154,981

   297,415

   593,329

   579,756

   535,313

   128,017

    64,153

   117,028

   417,539

   860,648

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 9, 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

Nov 9, 2022

Federal Reserve notes outstanding

 2,602,944

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

   360,804

Federal Reserve notes to be collateralized

 2,242,141

Collateral held against Federal Reserve notes

 2,242,141

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

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

 2,225,904

Other assets pledged

         0

Memo:

 

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

 8,256,105

Less: Face value of securities under reverse repurchase agreements

 2,954,023

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

 5,302,082

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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