Skip to Content
Release Date: December 17, 2020
Release dates | Data Download Program (DDP) |
About |
Announcements |
Technical Q&As
Current release Other formats:
Screen reader |
ASCII |
PDF
(21 KB)
FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks December 17, 2020
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures Wednesday
reserve balances of depository institutions at Week ended Change from week ended Dec 16, 2020
Federal Reserve Banks Dec 16, 2020 Dec 9, 2020 Dec 18, 2019
Reserve Bank credit 7,252,103 + 60,085 +3,164,510 7,322,422
Securities held outright (1) 6,681,311 + 53,479 +2,965,403 6,744,281
U.S. Treasury securities 4,643,132 + 21,298 +2,355,885 4,662,841
Bills (2) 326,044 0 + 189,738 326,044
Notes and bonds, nominal (2) 3,965,226 + 19,089 +1,965,555 3,984,922
Notes and bonds, inflation-indexed (2) 308,426 + 2,058 + 182,453 308,426
Inflation compensation (3) 43,436 + 151 + 18,139 43,448
Federal agency debt securities (2) 2,347 0 0 2,347
Mortgage-backed securities (4) 2,035,832 + 32,181 + 609,518 2,079,093
Unamortized premiums on securities held outright (5) 342,185 + 1,614 + 216,613 343,821
Unamortized discounts on securities held outright (5) -5,276 - 197 + 7,874 -5,482
Repurchase agreements (6) 1,000 0 - 234,292 1,000
Foreign official 1,000 0 + 1,000 1,000
Others 0 0 - 235,292 0
Loans 58,700 - 1,305 + 58,676 58,809
Primary credit 1,766 - 321 + 1,751 1,871
Secondary credit 0 0 0 0
Seasonal credit 0 0 - 9 0
Primary Dealer Credit Facility 264 + 14 + 264 350
Money Market Mutual Fund Liquidity Facility 4,449 - 13 + 4,449 4,449
Paycheck Protection Program Liquidity Facility 52,222 - 984 + 52,222 52,139
Other credit extensions 0 0 0 0
Net portfolio holdings of Commercial Paper Funding
Facility II LLC (7) 8,557 - 5 + 8,557 8,557
Net portfolio holdings of Corporate Credit Facilities
LLC (7) 46,202 + 79 + 46,202 46,286
Net portfolio holdings of MS Facilities LLC (Main
Street Lending Program) (7) 46,028 + 1,823 + 46,028 47,515
Net portfolio holdings of Municipal Liquidity
Facility LLC (7) 17,060 + 588 + 17,060 21,267
Net portfolio holdings of TALF II LLC (7) 12,463 + 198 + 12,463 12,464
Float -186 - 114 - 80 -106
Central bank liquidity swaps (8) 10,367 + 1,034 + 10,288 10,048
Other Federal Reserve assets (9) 33,691 + 2,891 + 9,717 33,962
Foreign currency denominated assets (10) 22,117 + 19 + 1,499 22,189
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (11) 50,528 + 14 + 467 50,528
Total factors supplying reserve funds 7,340,988 + 60,118 +3,166,474 7,411,380
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures Wednesday
reserve balances of depository institutions at Week ended Change from week ended Dec 16, 2020
Federal Reserve Banks Dec 16, 2020 Dec 9, 2020 Dec 18, 2019
Currency in circulation (11) 2,066,480 + 113 + 273,664 2,068,090
Reverse repurchase agreements (12) 191,636 + 8,484 - 68,075 190,860
Foreign official and international accounts 191,618 + 8,467 - 65,791 190,834
Others 18 + 17 - 2,284 26
Treasury cash holdings 38 - 3 - 137 31
Deposits with F.R. Banks, other than reserve balances 1,746,417 - 1,092 +1,330,217 1,813,826
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 1,529,698 - 4,545 +1,197,106 1,615,873
Foreign official 21,823 + 25 + 16,641 21,825
Other (13) 194,895 + 3,427 + 116,469 176,128
Treasury contributions to credit facilities (14) 114,000 0 + 114,000 114,000
Other liabilities and capital (15) 54,177 + 1,855 + 8,814 55,747
Total factors, other than reserve balances,
absorbing reserve funds 4,172,749 + 9,358 +1,658,484 4,242,554
Reserve balances with Federal Reserve Banks 3,168,240 + 50,760 +1,507,991 3,168,826
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. Also includes net
portfolio holdings of Maiden Lane LLC.
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 Commercial Paper Funding Facility II LLC of $10
billion, Corporate Credit Facilities LLC of $37.5 billion, MS Facilities LLC of $37.5 billion, Municipal
Liquidity Facility LLC of $17.5 billion, and TALF II LLC of $10 billion, and credit protection in the
Money Market Mutual Fund Liquidity Facility of $1.5 billion.
15. Includes the liability for earnings remittances due to the U.S. Treasury.
Sources: Federal Reserve Banks and the U.S. Department of the Treasury.
1A. Memorandum Items
Millions of dollars
Memorandum item Averages of daily figures Wednesday
Week ended Change from week ended Dec 16, 2020
Dec 16, 2020 Dec 9, 2020 Dec 18, 2019
Securities held in custody for foreign official and
international accounts 3,501,564 + 17,763 + 96,132 3,509,175
Marketable U.S. Treasury securities (1) 3,052,333 + 16,962 + 95,719 3,059,405
Federal agency debt and mortgage-backed securities (2) 362,246 + 763 - 3,211 363,130
Other securities (3) 86,985 + 38 + 3,625 86,640
Securities lent to dealers 25,118 - 6,377 - 5,651 23,643
Overnight facility (4) 25,118 - 6,377 - 5,651 23,643
U.S. Treasury securities 25,118 - 6,377 - 5,651 23,643
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.
2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, December 16, 2020
Millions of dollars
Remaining Maturity Within 15 16 days to 91 days to Over 1 year Over 5 year Over 10 All
days 90 days 1 year to 5 years to 10 years years
Loans (1) 2,540 3,542 588 52,139 0 ... 58,809
U.S. Treasury securities (2)
Holdings 83,472 306,309 647,778 1,742,438 832,286 1,050,559 4,662,841
Weekly changes + 42,162 - 38,705 + 10,626 + 4,889 + 1,636 + 11,695 + 32,303
Federal agency debt securities (3)
Holdings 0 0 0 0 1,818 529 2,347
Weekly changes 0 0 0 0 0 0 0
Mortgage-backed securities (4)
Holdings 0 0 4 2,107 73,509 2,003,473 2,079,093
Weekly changes 0 0 0 - 5 - 587 + 76,030 + 75,437
Commercial paper held by Commercial
Paper Funding Facility II LLC (5) 0 0 0 ... ... ... 0
Loan participations held by MS
Facilities LLC (Main Street Lending
Program) (6) 0 0 0 10,007 ... ... 10,007
Municipal notes held by Municipal
Liquidity Facility LLC (7) 0 0 1,003 5,358 ... ... 6,361
Loans held by TALF II LLC (8) 0 0 0 3,458 ... ... 3,458
Repurchase agreements (9) 1,000 0 ... ... ... ... 1,000
Central bank liquidity swaps (10) 502 9,546 0 0 0 0 10,048
Reverse repurchase agreements (9) 190,860 0 ... ... ... ... 190,860
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 Primary
Dealer Credit Facility, Money Market Mutual Fund Liquidity Facility, Paycheck Protection Program Liquidity
Facility, and other credit extensions. Loans exclude the loans from the Federal Reserve Bank of New
York (FRBNY) to Commercial Paper Funding Facility II LLC, Corporate Credit Facilities LLC, 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 commercial paper held by Commercial Paper Funding Facility II LLC.
6. Book value of the loan participations held by the MS Facilities LLC.
7. Book value of the municipal notes held by the Municipal Liquidity Facility LLC.
8. Book value of the loans held by the TALF II LLC.
9. Cash value of agreements.
10. 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.
3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name Wednesday
Dec 16, 2020
Mortgage-backed securities held outright (1) 2,079,093
Residential mortgage-backed securities 2,069,326
Commercial mortgage-backed securities 9,766
Commitments to buy mortgage-backed securities (2) 170,271
Commitments to sell mortgage-backed securities (2) 89
Cash and cash equivalents (3) 48
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 Dec 16, 2020
Net portfolio holdings of
Credit Facilities LLCs
Outstanding
principal Outstanding
amount amount of Treasury
of loan facility contributions
extended to asset and
the LLC (1) purchases (2)other assets (3) Total
Commercial Paper Funding Facility II LLC 0 0 8,557 8,557
Corporate Credit Facilities LLC 13,920 14,105 32,182 46,286
MS Facilities LLC (Main Street Lending Program) 10,000 9,911 37,603 47,515
Municipal Liquidity Facility LLC 1,454 6,361 14,905 21,267
TALF II LLC 3,946 3,458 9,006 12,464
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 Commercial Paper Funding Facility II LLC includes commercial paper at book value.
b. For the Corporate Credit Facilities LLC includes exchange traded-funds at fair value and
corporate bonds at book value. Asset balances
from trading activity are reported on a one-day lag after the transaction date.
c. For the MS Facilities LLC (Main Street Lending Program) includes loan participations, net of an
allowance for loan losses updated as of
September 30, 2020, at face value.
d. 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.
e. 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 initially 15% of Treasury contributions to the credit facilities from the
following consolidated LLCs: Commercial Paper Funding Facility II LLC, Corporate Credit Facilities LLC,
Municipal Liquidity Facility LLC, and TALF II LLC. Refer to the note on consolidation accompanying table
6.
5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital Eliminations Wednesday Change since
from Dec 16, 2020 Wednesday Wednesday
consolidation Dec 9, 2020 Dec 18, 2019
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,560 + 19 - 113
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 7,142,430 + 109,520 +3,068,097
Securities held outright (1) 6,744,281 + 107,740 +3,018,820
U.S. Treasury securities 4,662,841 + 32,303 +2,362,163
Bills (2) 326,044 0 + 179,022
Notes and bonds, nominal (2) 3,984,922 + 32,270 +1,982,564
Notes and bonds, inflation-indexed (2) 308,426 0 + 182,453
Inflation compensation (3) 43,448 + 33 + 18,123
Federal agency debt securities (2) 2,347 0 0
Mortgage-backed securities (4) 2,079,093 + 75,437 + 656,657
Unamortized premiums on securities held outright
(5) 343,821 + 2,798 + 218,423
Unamortized discounts on securities held outright
(5) -5,482 - 402 + 7,755
Repurchase agreements (6) 1,000 0 - 235,662
Loans (7) 58,809 - 617 + 58,761
Net portfolio holdings of Commercial Paper
Funding Facility II LLC (8) 8,557 0 + 8,557
Net portfolio holdings of Corporate Credit
Facilities LLC (8) 46,286 + 148 + 46,286
Net portfolio holdings of MS Facilities LLC (Main
Street Lending Program) (8) 47,515 + 2,694 + 47,515
Net portfolio holdings of Municipal Liquidity
Facility LLC (8) 21,267 + 4,908 + 21,267
Net portfolio holdings of TALF II LLC (8) 12,464 + 1 + 12,464
Items in process of collection (0) 78 - 2 + 24
Bank premises 2,201 + 2 + 6
Central bank liquidity swaps (9) 10,048 + 483 + 9,969
Foreign currency denominated assets (10) 22,189 + 162 + 1,602
Other assets (11) 31,761 + 1,999 + 9,866
Total assets (0) 7,362,592 + 119,934 +3,225,540
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital Eliminations Wednesday Change since
from Dec 16, 2020 Wednesday Wednesday
consolidation Dec 9, 2020 Dec 18, 2019
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 2,019,149 + 1,327 + 271,415
Reverse repurchase agreements (12) 190,860 - 1,397 - 73,121
Deposits (0) 4,982,652 + 116,105 +2,901,964
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 3,168,826 + 21,170 +1,537,378
U.S. Treasury, General Account 1,615,873 + 113,512 +1,237,300
Foreign official 21,825 + 2 + 16,643
Other (13) (0) 176,128 - 18,580 + 110,643
Deferred availability cash items (0) 184 + 11 + 36
Treasury contributions to credit facilities (14) 114,000 0 + 114,000
Other liabilities and accrued dividends (15) 16,508 + 3,878 + 10,523
Total liabilities (0) 7,323,353 + 119,925 +3,224,818
Capital accounts
Capital paid in 32,414 + 10 + 722
Surplus 6,825 0 0
Other capital accounts 0 0 0
Total capital 39,239 + 10 + 722
Note: Components may not sum to totals because of rounding.
1. Includes securities lent to dealers under the overnight securities lending facility; refer to table
1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of
inflation-indexed securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the
remaining principal balance of the securities.
5. Reflects the premium or discount, which is the difference between the purchase price and the face
value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency debt
securities, and mortgage-backed securities, amortization is on an effective-interest basis.
6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
7. Loans includes primary, secondary, and seasonal loans and credit extended through the Primary
Dealer Credit Facility, Money Market Mutual Fund Liquidity Facility, Paycheck Protection Program Liquidity
Facility, and other credit extensions.
8. Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury
contributions to the facility. Refer to note on consolidation below.
9. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used
when the foreign currency is returned to the foreign central bank. This exchange rate equals the
market exchange rate used when the foreign currency was acquired from the foreign central bank.
10. Revalued daily at current foreign currency exchange rates.
11. Includes accrued interest, which represents the daily accumulation of interest earned, and other
accounts receivable. Also includes net portfolio holdings of Maiden Lane LLC.
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 Commercial Paper Funding Facility II LLC of $10
billion, Corporate Credit Facilities LLC of $37.5 billion, MS Facilities LLC of $37.5 billion, Municipal
Liquidity Facility LLC of $17.5 billion, and TALF II LLC of $10 billion, and credit protection in the
Money Market Mutual Fund Liquidity Facility of $1.5 billion.
15. Includes the liability for earnings remittances due to the U.S. Treasury.
6. Statement of Condition of Each Federal Reserve Bank, December 16, 2020
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 16,237 533 5,483 529 761 1,165 2,183 1,137 479 270 450 1,202 2,045
Coin 1,560 30 36 134 87 206 152 259 33 45 105 181 292
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans (1) 7,142,430 164,977 3,677,736 167,464 223,210 447,197 524,450 397,438 113,393 74,908 117,406 343,412 890,840
Net portfolio holdings of Commercial
Paper Funding Facility II LLC (2) 8,557 0 8,557 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Corporate
Credit Facilities LLC (2) 46,286 0 46,286 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of MS
Facilities LLC (Main Street Lending
Program) (2) 47,515 47,515 0 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Municipal
Liquidity Facility LLC (2) 21,267 0 21,267 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of TALF II LLC (2) 12,464 0 12,464 0 0 0 0 0 0 0 0 0 0
Central bank liquidity swaps (3) 10,048 477 3,377 362 859 2,121 498 390 165 79 106 119 1,496
Foreign currency denominated
assets (4) 22,189 1,053 7,459 798 1,896 4,683 1,100 862 364 174 234 263 3,303
Other assets (5) 34,040 2,360 14,762 846 1,110 2,406 2,578 1,915 822 436 832 1,881 4,092
Interdistrict settlement account 0 - 34,908 + 261,241 - 19,515 + 75,108 + 118,302 - 120,272 - 20,145 - 20,245 - 13,964 - 20,769 - 50,305 - 154,528
Total assets 7,362,592 182,037 4,058,668 150,618 303,031 576,080 410,689 381,856 95,011 61,947 98,363 296,753 747,541
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
6. Statement of Condition of Each Federal Reserve Bank, December 16, 2020 (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 2,019,149 61,617 674,503 55,267 92,245 147,801 278,190 131,564 58,646 33,284 54,544 168,553 262,935
Reverse repurchase agreements (6) 190,860 4,286 98,819 4,354 5,971 11,962 14,066 10,660 3,016 1,804 3,035 9,198 23,688
Deposits 4,982,652 74,810 3,187,198 89,243 200,996 407,135 115,722 237,381 32,353 26,170 40,072 117,761 453,811
Depository institutions 3,168,826 74,783 1,485,734 89,242 200,958 406,749 115,656 126,777 32,348 26,116 40,037 116,640 453,785
U.S. Treasury, General Account 1,615,873 0 1,615,873 0 0 0 0 0 0 0 0 0 0
Foreign official 21,825 2 21,799 1 3 8 2 2 1 0 0 0 6
Other (7) 176,128 25 63,791 0 35 377 64 110,602 3 54 35 1,121 20
Earnings remittances due to the U.S.
Treasury (8) 2,040 48 1,085 39 67 119 152 110 29 19 27 90 254
Treasury contributions to credit
facilities (9) 114,000 39,000 75,000 0 0 0 0 0 0 0 0 0 0
Other liabilities and accrued
dividends 14,652 443 8,889 306 369 884 759 606 238 341 263 486 1,067
Total liabilities 7,323,353 180,204 4,045,494 149,209 299,649 567,901 408,889 380,322 94,281 61,618 97,941 296,089 741,756
Capital
Capital paid in 32,414 1,509 10,880 1,163 2,800 6,738 1,461 1,269 618 275 350 583 4,768
Surplus 6,825 324 2,294 246 583 1,441 338 265 112 53 72 81 1,016
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
Total liabilities and capital 7,362,592 182,037 4,058,668 150,618 303,031 576,080 410,689 381,856 95,011 61,947 98,363 296,753 747,541
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
6. Statement of Condition of Each Federal Reserve Bank, December 16, 2020 (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 Primary Dealer Credit Facility, Money Market Mutual Fund Liquidity Facility, 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. Also includes Net portfolio
holdings of Maiden Lane LLC; refer to the note on consolidation for additional information.
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 a $6.825 billion surplus.
9. Book value. Amount of equity investments in Commercial Paper Funding Facility II LLC of $10 billion, Corporate Credit Facilities LLC of $37.5 billion, MS Facilities LLC of $37.5 billion, and
Municipal Liquidity Facility LLC of $17.5 billion, and TALF II LLC of $10 billion, and credit protection in the Money Market Mutual Fund Liquidity Facility of $1.5 billion.
Note on consolidation:
The Federal Reserve Bank of New York (FRBNY) and the Federal Reserve Bank of Boston (FRBB) have extended loans to limited liability companies under the authority of section 13(3) of the Federal
Reserve Act. On April 14, 2020, FRBNY began extending loans to the Commercial Paper Funding Facility II LLC (CPFF II LLC), a limited liability company formed to purchase three-month U.S
dollar-denominated commercial paper by eligible issuers. The assets of the CPFF II LLC and the amount provided by U.S. Treasury as credit protection to the FRBNY are used to secure the loan from the FRBNY. On
May 12, 2020, FRBNY began extending loans to the Corporate Credit Facilities LLC (CCF LLC), a limited liability company formed to purchase eligible bonds or portions of syndicated loans or bonds at
issuance through the Primary Market Corporate Credit Facility and to purchase eligible individual corporate bonds and exchange-traded funds through the Secondary Market Corporate Credit Facility.
The assets of the CCF LLC and the amount provided by U.S. Treasury as credit protection to the FRBNY are used to secure the loan from the FRBNY. On June 5, 2020, FRBNY began extending loans to the
Municipal Liquidity Facility LLC (MLF LLC), a limited liability company formed to purchase municipal notes from eligible issuers. The assets of the MLF LLC and the amount provided by U.S. Treasury
as credit protection to the FRBNY are used to secure the loan from the FRBNY. On June 25, 2020, FRBNY began extending loans to the TALF II LLC, a special purpose vehicle that was formed to help
support the flow of credit to consumers and businesses. The assets of the TALF II LLC and the amount provided by U.S. Treasury as credit protection to the FRBNY are used to secure the loan from the
FRBNY. On July 15, 2020, the FRBB began extending loans to the MS Facilities LLC (Main Street Lending Program), a special purpose vehicle that was formed to help ensure credit flows to small and
medium-sized businesses and to eligible nonprofits. The assets of the MS Facilities LLC and the amount provided by U.S. Treasury as credit protection to the FRBB are used to secure the loan from the
FRBB.
The FRBNY is the managing member of CPFF II LLC, CCF LLC, MLF LLC, and TALF II LLC. The FRBB is the managing member of MS Facilities LLC (Main Street Lending Program). Consistent with generally
accepted accounting principles, the assets and liabilities of each LLC have been accounted for and consolidated with the assets and liabilities of the FRBNY or FRBB, in the preparation of the
statements of condition shown on this release. As a consequence of the consolidation, the loan from the Reserve Bank to the LLC is eliminated as are any balances held at the FRBNY for LLCs consolidated
to FRBNY or FRBB for LLCs consolidated to FRBB. Treasury contributions to credit facilities are held at FRBNY until invested. Net assets of the LLC appears as assets on table 6 (and in table 1 and
table 5), and the liabilities of the LLC to entities other than the FRBNY or FRBB, including those with recourse only to the portfolio holdings of the LLC, are included in other liabilities in this
table (and table 1 and table 5). The amount provided by U.S. Treasury as credit protection to FRBNY and FRBB appears as liabilities on table 6 (and in table 1 and table 5).
7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
Dec 16, 2020
Federal Reserve notes outstanding 2,182,929
Less: Notes held by F.R. Banks not subject to collateralization 163,780
Federal Reserve notes to be collateralized 2,019,149
Collateral held against Federal Reserve notes 2,019,149
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 2,002,912
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 6,745,281
Less: Face value of securities under reverse repurchase agreements 182,781
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 6,562,500
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 |
ASCII |
PDF
(21 KB)
Statistical releases