Federal Reserve Balance Sheet: Factors Affecting Reserve Balances - H.4.1
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Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks |
|
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and |
Averages of daily figures |
Wednesday |
||
Week ended |
Change from week ended |
|||
Oct 2, 2024 |
Oct 11, 2023 |
|||
Reserve Bank credit |
7,004,400 |
- 17,245 |
- 910,340 |
7,005,073 |
Securities held outright1 |
6,648,860 |
- 11,259 |
- 761,771 |
6,648,891 |
U.S. Treasury securities |
4,364,435 |
- 11,259 |
- 564,123 |
4,364,466 |
Bills2 |
195,293 |
0 |
- 41,061 |
195,293 |
Notes and bonds, nominal2 |
3,707,128 |
- 11,550 |
- 508,288 |
3,707,128 |
Notes and bonds, inflation-indexed2 |
344,395 |
+ 201 |
- 20,985 |
344,395 |
Inflation compensation3 |
117,620 |
+ 91 |
+ 6,213 |
117,651 |
Federal agency debt securities2 |
2,347 |
0 |
0 |
2,347 |
Mortgage-backed securities4 |
2,282,078 |
0 |
- 197,648 |
2,282,078 |
Unamortized premiums on securities held outright5 |
256,275 |
- 450 |
- 30,118 |
256,120 |
Unamortized discounts on securities held outright5 |
-23,989 |
- 46 |
+ 2,596 |
-23,910 |
Repurchase agreements6 |
15 |
- 365 |
+ 15 |
1 |
Foreign official |
0 |
0 |
0 |
0 |
Others |
15 |
- 365 |
+ 15 |
1 |
Loans |
73,294 |
- 7,553 |
- 100,620 |
72,931 |
Primary credit |
1,474 |
- 358 |
- 1,152 |
1,745 |
Secondary credit |
0 |
- 3 |
0 |
0 |
Seasonal credit |
55 |
- 17 |
- 12 |
62 |
Paycheck Protection Program Liquidity Facility |
2,255 |
- 43 |
- 2,538 |
2,241 |
Bank Term Funding Program |
69,511 |
- 7,132 |
- 38,508 |
68,883 |
Other credit extensions7 |
0 |
0 |
- 58,409 |
0 |
Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 |
10,409 |
+ 9 |
- 8,981 |
10,419 |
Net portfolio holdings of Municipal Liquidity Facility LLC8 |
0 |
0 |
- 5,632 |
0 |
Net portfolio holdings of TALF II LLC8 |
0 |
0 |
- 1,220 |
0 |
Float |
-266 |
+ 356 |
- 68 |
-300 |
Central bank liquidity swaps9 |
155 |
- 2 |
- 75 |
155 |
Other Federal Reserve assets10 |
39,647 |
+ 2,065 |
- 4,465 |
40,766 |
Foreign currency denominated assets11 |
18,460 |
- 441 |
+ 730 |
18,397 |
Gold stock |
11,041 |
0 |
0 |
11,041 |
Special drawing rights certificate account |
10,200 |
0 |
+ 5,000 |
10,200 |
Treasury currency outstanding12 |
53,101 |
+ 14 |
+ 728 |
53,101 |
|
|
|
|
|
Total factors supplying reserve funds |
7,097,202 |
- 17,672 |
- 903,881 |
7,097,812 |
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 |
Averages of daily figures |
Wednesday |
||
Week ended |
Change from week ended |
|||
Oct 2, 2024 |
Oct 11, 2023 |
|||
Currency in circulation12 |
2,354,224 |
+ 2,790 |
+ 26,194 |
2,356,532 |
Reverse repurchase agreements13 |
736,288 |
- 107,837 |
- 818,821 |
739,297 |
Foreign official and international accounts |
404,425 |
- 17,024 |
+ 115,144 |
395,849 |
Others |
331,862 |
- 90,813 |
- 933,966 |
343,448 |
Treasury cash holdings |
318 |
+ 3 |
- 30 |
323 |
Deposits with F.R. Banks, other than reserve balances |
967,473 |
- 4,299 |
+ 93,884 |
951,400 |
Term deposits held by depository institutions |
0 |
0 |
0 |
0 |
U.S. Treasury, General Account |
802,115 |
+ 3,838 |
+ 92,955 |
787,395 |
Foreign official |
9,683 |
+ 1 |
- 4 |
9,682 |
Other14 |
155,675 |
- 8,137 |
+ 932 |
154,323 |
Treasury contributions to credit facilities15 |
4,958 |
0 |
- 8,400 |
4,958 |
Other liabilities and capital16 |
-152,266 |
- 4,938 |
- 93,969 |
-151,743 |
|
|
|
|
|
Total factors, other than reserve balances, |
3,910,995 |
- 114,281 |
- 801,143 |
3,900,768 |
|
|
|
|
|
Reserve balances with Federal Reserve Banks |
3,186,207 |
+ 96,609 |
- 102,738 |
3,197,045 |
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 outstanding loans to depository institutions that were subsequently placed into Federal Deposit Insurance Corporation (FDIC) receivership, including depository institutions established by the FDIC. The Federal Reserve Banks' loans to these depository institutions are secured by pledged collateral and the FDIC provides repayment guarantees. |
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. |
Includes bank premises, accrued interest, and other accounts receivable. |
11. |
Revalued daily at current foreign currency exchange rates. |
12. |
Estimated. |
13. |
Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities |
14. |
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. |
15. |
Book value. Amount of equity investments in MS Facilities 2020 LLC of $5.0 billion. |
16. |
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 |
||
Week ended |
Change from week ended |
|||
Oct 2, 2024 |
Oct 11, 2023 |
|||
Securities held in custody for foreign official and international accounts |
3,319,743 |
+ 8,141 |
- 105,513 |
3,324,148 |
Marketable U.S. Treasury securities1 |
2,932,438 |
+ 8,445 |
- 60,672 |
2,937,267 |
Federal agency debt and mortgage-backed securities2 |
297,664 |
+ 148 |
- 51,922 |
297,657 |
Other securities3 |
89,641 |
- 452 |
+ 7,081 |
89,224 |
Securities lent to dealers |
32,286 |
- 929 |
- 6,122 |
38,298 |
Overnight facility4 |
32,286 |
- 929 |
- 6,122 |
38,298 |
U.S. Treasury securities |
32,286 |
- 929 |
- 6,122 |
38,298 |
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, October 9, 2024
Millions of dollars
Remaining Maturity |
Within 15 |
16 days to |
91 days to |
Over 1 year |
Over 5 year |
Over 10 |
All |
Loans1 |
1,083 |
8,670 |
61,342 |
1,836 |
0 |
... |
72,931 |
U.S. Treasury securities2 |
|
|
|
|
|
|
|
Holdings |
36,365 |
212,598 |
526,419 |
1,469,577 |
591,944 |
1,527,563 |
4,364,466 |
Weekly changes |
- 3,812 |
+ 637 |
+ 3,187 |
+ 38 |
+ 10 |
+ 25 |
+ 84 |
Federal agency debt securities3 |
|
|
|
|
|
|
|
Holdings |
0 |
0 |
0 |
486 |
1,861 |
0 |
2,347 |
Weekly changes |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
Mortgage-backed securities4 |
|
|
|
|
|
|
|
Holdings |
0 |
0 |
16 |
6,127 |
24,565 |
2,251,369 |
2,282,078 |
Weekly changes |
0 |
0 |
- 1 |
0 |
+ 354 |
- 354 |
0 |
Loan participations held by MS |
|
|
|
|
|
|
|
Facilities 2020 LLC (Main Street |
|
|
|
|
|
|
|
Lending Program)5 |
0 |
0 |
0 |
5,183 |
... |
... |
5,183 |
Repurchase agreements6 |
1 |
0 |
... |
... |
... |
... |
1 |
Central bank liquidity swaps7 |
155 |
0 |
0 |
0 |
0 |
0 |
155 |
Reverse repurchase agreements6 |
739,297 |
0 |
... |
... |
... |
... |
739,297 |
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), Bank Term Funding Program, 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 Boston (FRBB) to MS Facilities 2020 LLC, which were eliminated when preparing the FRBB's statement of condition, 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 2020 LLC. |
6. |
Cash value of agreements. |
7. |
Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to |
H.4.1
3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name |
Wednesday |
Oct 9, 2024 |
|
Mortgage-backed securities held outright1 |
2,282,078 |
Residential mortgage-backed securities |
2,273,971 |
Commercial mortgage-backed securities |
8,107 |
|
|
Commitments to buy mortgage-backed securities2 |
149 |
Commitments to sell mortgage-backed securities2 |
0 |
|
|
Cash and cash equivalents3 |
0 |
1. |
Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities. |
2. |
Current face value. Includes residential and commercial mortgage-backed securities. Residential mortgage-backed securities generally settle within 180 calendar days and include commitments associated with outright transactions, dollar rolls, and coupon swaps. Commercial mortgage-backed securities generally settle within three business days. |
3. |
This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5 and table 6. |
4. Information on Principal Accounts of Credit Facilities LLC
Millions of dollars
Credit Facilities LLC: |
Wednesday Oct 9, 2024 |
|||
|
Net portfolio holdings of |
|||
Credit Facilities LLC |
||||
Outstanding |
|
|
|
|
principal |
Outstanding |
|
|
|
amount |
amount of |
Treasury |
|
|
of loan |
facility |
contributions |
|
|
extended to |
asset |
and |
|
|
the LLC1 |
purchases2 |
other assets3 |
Total |
|
MS Facilities 2020 LLC (Main Street Lending Program) |
4,324 |
4,583 |
5,836 |
10,419 |
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 includes loan participations at face value, net of an allowance for credit losses updated as of June 30, 2024. |
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. 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 |
Change since |
|
Wednesday |
Wednesday |
|||
Oct 2, 2024 |
Oct 11, 2023 |
|||
Assets |
|
|
|
|
Gold certificate account |
|
11,037 |
0 |
0 |
Special drawing rights certificate account |
|
10,200 |
0 |
+ 5,000 |
Coin |
|
1,519 |
+ 5 |
+ 57 |
Securities, unamortized premiums and discounts, repurchase agreements, and loans |
|
6,954,033 |
- 2,945 |
- 890,840 |
Securities held outright1 |
|
6,648,891 |
+ 84 |
- 761,689 |
U.S. Treasury securities |
|
4,364,466 |
+ 84 |
- 564,041 |
Bills2 |
|
195,293 |
0 |
- 40,867 |
Notes and bonds, nominal2 |
|
3,707,128 |
0 |
- 508,288 |
Notes and bonds, inflation-indexed2 |
|
344,395 |
0 |
- 20,985 |
Inflation compensation3 |
|
117,651 |
+ 85 |
+ 6,101 |
Federal agency debt securities2 |
|
2,347 |
0 |
0 |
Mortgage-backed securities4 |
|
2,282,078 |
0 |
- 197,648 |
Unamortized premiums on securities held outright5 |
|
256,120 |
- 438 |
- 30,120 |
Unamortized discounts on securities held outright5 |
|
-23,910 |
- 47 |
+ 2,601 |
Repurchase agreements6 |
|
1 |
- 1 |
+ 1 |
Loans7 |
|
72,931 |
- 2,544 |
- 101,633 |
Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 |
|
10,419 |
+ 12 |
- 8,990 |
Net portfolio holdings of Municipal Liquidity Facility LLC8 |
|
0 |
0 |
- 5,635 |
Net portfolio holdings of TALF II LLC8 |
|
0 |
0 |
- 1,221 |
Items in process of collection |
(0) |
314 |
+ 264 |
+ 259 |
Bank premises |
|
419 |
+ 6 |
- 15 |
Central bank liquidity swaps9 |
|
155 |
- 2 |
- 75 |
Foreign currency denominated assets10 |
|
18,397 |
- 409 |
+ 646 |
Other assets11 |
|
40,347 |
+ 2,984 |
- 4,401 |
|
|
|
|
|
Total assets |
(0) |
7,046,840 |
- 85 |
- 905,214 |
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 |
Change since |
|
Wednesday |
Wednesday |
|||
Oct 2, 2024 |
Oct 11, 2023 |
|||
Liabilities |
|
|
|
|
Federal Reserve notes, net of F.R. Bank holdings |
|
2,305,270 |
+ 3,589 |
+ 27,885 |
Reverse repurchase agreements12 |
|
739,297 |
- 59,957 |
- 790,455 |
Deposits |
(0) |
4,148,444 |
+ 61,190 |
- 40,850 |
Term deposits held by depository institutions |
|
0 |
0 |
0 |
Other deposits held by depository institutions |
|
3,197,045 |
+ 99,835 |
- 118,605 |
U.S. Treasury, General Account |
|
787,395 |
- 36,017 |
+ 74,395 |
Foreign official |
|
9,682 |
0 |
- 6 |
Other13 |
(0) |
154,323 |
- 2,627 |
+ 3,367 |
Deferred availability cash items |
(0) |
614 |
- 332 |
+ 308 |
Treasury contributions to credit facilities14 |
|
4,958 |
0 |
- 8,400 |
Other liabilities and accrued dividends15 |
|
-195,190 |
- 4,582 |
- 94,418 |
|
|
|
|
|
Total liabilities |
(0) |
7,003,393 |
- 92 |
- 905,931 |
|
|
|
|
|
Capital accounts |
|
|
|
|
Capital paid in |
|
36,662 |
+ 7 |
+ 716 |
Surplus |
|
6,785 |
0 |
0 |
Other capital accounts |
|
0 |
0 |
0 |
|
|
|
|
|
Total capital |
|
43,447 |
+ 7 |
+ 716 |
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 Paycheck Protection Program Liquidity Facility, Bank Term Funding Program, 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 |
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 2020 LLC of $5.0 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 9, 2024
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 |
21,237 |
729 |
6,619 |
657 |
997 |
1,557 |
2,999 |
1,417 |
635 |
355 |
599 |
1,786 |
2,887 |
Coin |
1,519 |
56 |
50 |
169 |
48 |
200 |
112 |
253 |
33 |
56 |
101 |
185 |
254 |
Securities, unamortized premiums and discounts, repurchase agreements, |
6,954,033 |
149,619 |
3,710,293 |
104,125 |
270,946 |
694,960 |
466,759 |
384,038 |
100,325 |
46,487 |
81,920 |
308,304 |
636,256 |
Net portfolio holdings of MS |
|
|
|
|
|
|
|
|
|
|
|
|
|
Facilities 2020 LLC (Main Street |
|
|
|
|
|
|
|
|
|
|
|
|
|
Lending Program)2 |
10,419 |
10,419 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
Central bank liquidity swaps3 |
155 |
6 |
54 |
5 |
16 |
31 |
5 |
8 |
3 |
1 |
2 |
4 |
20 |
Foreign currency denominated |
|
|
|
|
|
|
|
|
|
|
|
|
|
assets4 |
18,397 |
768 |
6,363 |
648 |
1,957 |
3,629 |
603 |
903 |
414 |
115 |
200 |
442 |
2,355 |
Other assets5 |
41,079 |
1,120 |
18,796 |
716 |
1,580 |
4,359 |
3,923 |
2,234 |
817 |
570 |
958 |
2,032 |
3,976 |
Interdistrict settlement account |
0 |
+ 9,310 |
- 98,393 |
+ 54,615 |
+ 35,320 |
- 73,678 |
+ 1,489 |
- 35,815 |
+ 8,831 |
+ 5,278 |
- 12,763 |
+ 11,769 |
+ 94,038 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets |
7,046,840 |
172,027 |
3,643,782 |
160,934 |
310,865 |
631,059 |
475,890 |
353,038 |
111,059 |
52,862 |
71,017 |
324,521 |
739,786 |
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 9, 2024 (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 |
2,305,270 |
85,641 |
749,221 |
55,433 |
114,508 |
167,110 |
359,594 |
105,692 |
77,585 |
30,748 |
29,532 |
201,678 |
328,526 |
Reverse repurchase agreements6 |
739,297 |
15,377 |
397,846 |
11,015 |
28,829 |
73,692 |
49,462 |
40,800 |
10,345 |
4,618 |
8,129 |
32,284 |
66,900 |
Deposits |
4,148,444 |
66,767 |
2,603,736 |
95,384 |
171,565 |
413,224 |
64,404 |
218,264 |
21,992 |
17,322 |
33,416 |
90,560 |
351,811 |
Depository institutions |
3,197,045 |
66,707 |
1,754,745 |
95,382 |
171,533 |
412,504 |
64,376 |
117,080 |
21,986 |
17,254 |
33,387 |
90,324 |
351,764 |
U.S. Treasury, General Account |
787,395 |
0 |
787,395 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
Foreign official |
9,682 |
2 |
9,656 |
1 |
4 |
8 |
1 |
2 |
1 |
0 |
0 |
1 |
5 |
Other7 |
154,323 |
58 |
51,940 |
0 |
28 |
712 |
27 |
101,183 |
4 |
68 |
28 |
234 |
41 |
Earnings remittances due to the U.S. Treasury8 |
-202,969 |
-3,897 |
-124,575 |
-2,655 |
-8,947 |
-32,548 |
25 |
-14,303 |
-16 |
-236 |
-744 |
-1,448 |
-13,625 |
Treasury contributions to credit facilities9 |
4,958 |
4,958 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
Other liabilities and accrued |
8,392 |
1,338 |
2,678 |
232 |
335 |
1,022 |
938 |
442 |
163 |
134 |
199 |
260 |
651 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities |
7,003,393 |
170,185 |
3,628,906 |
159,409 |
306,291 |
622,500 |
474,424 |
350,896 |
110,069 |
52,586 |
70,533 |
323,333 |
734,263 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital |
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital paid in |
36,662 |
1,559 |
12,531 |
1,286 |
3,852 |
7,221 |
1,244 |
1,809 |
837 |
233 |
410 |
1,025 |
4,655 |
Surplus |
6,785 |
283 |
2,346 |
239 |
722 |
1,339 |
222 |
333 |
153 |
42 |
74 |
163 |
869 |
Other capital |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities and capital |
7,046,840 |
172,027 |
3,643,782 |
160,934 |
310,865 |
631,059 |
475,890 |
353,038 |
111,059 |
52,862 |
71,017 |
324,521 |
739,786 |
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 9, 2024 (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, Bank Term Funding Program, 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 |
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. |
The Federal Reserve Banks remit residual net earnings 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. Positive amounts represent the estimated weekly remittances due to U.S. Treasury. Negative amounts represent the cumulative deferred asset position, which is incurred during a period when earnings are not sufficient to provide for the cost of operations, payment of dividends, and maintaining surplus. The deferred asset is the amount of net earnings that the Federal Reserve Banks need to realize before remittances to the U.S. Treasury resume. |
9. |
Book value. Amount of equity investments in MS Facilities 2020 LLC of $5.0 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 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 2020 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 2020 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 MLF LLC and TALF II LLC. The FRBB is the managing member of MS Facilities 2020 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 9, 2024 |
|
Federal Reserve notes outstanding |
2,781,914 |
Less: Notes held by F.R. Banks not subject to collateralization |
476,644 |
Federal Reserve notes to be collateralized |
2,305,270 |
Collateral held against Federal Reserve notes |
2,305,270 |
Gold certificate account |
11,037 |
Special drawing rights certificate account |
10,200 |
U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 |
2,284,033 |
Other assets pledged |
0 |
Memo: |
|
Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 |
6,648,892 |
Less: Face value of securities under reverse repurchase agreements |
805,220 |
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged |
5,843,673 |
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. |