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Release Date: February 11, 2021
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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 February 11, 2021
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 Feb 10, 2021
Federal Reserve Banks Feb 10, 2021 Feb 3, 2021 Feb 12, 2020
Reserve Bank credit 7,388,030 + 21,196 +3,253,013 7,402,209
Securities held outright (1) 6,858,639 + 17,726 +3,030,377 6,871,038
U.S. Treasury securities 4,786,502 + 17,718 +2,348,481 4,798,901
Bills (2) 326,044 0 + 70,578 326,044
Notes and bonds, nominal (2) 4,099,038 + 15,488 +2,072,762 4,109,172
Notes and bonds, inflation-indexed (2) 318,364 + 2,058 + 187,541 320,422
Inflation compensation (3) 43,055 + 171 + 17,599 43,263
Federal agency debt securities (2) 2,347 0 0 2,347
Mortgage-backed securities (4) 2,069,790 + 7 + 681,896 2,069,790
Unamortized premiums on securities held outright (5) 346,044 + 863 + 222,208 346,211
Unamortized discounts on securities held outright (5) -6,422 - 177 + 6,885 -6,492
Repurchase agreements (6) 914 - 86 - 163,810 800
Foreign official 914 - 86 + 914 800
Others 0 0 - 164,724 0
Loans 51,771 + 929 + 51,771 52,378
Primary credit 1,674 - 169 + 1,674 1,630
Secondary credit 0 0 0 0
Seasonal credit 0 0 0 0
Primary Dealer Credit Facility 519 - 12 + 519 510
Money Market Mutual Fund Liquidity Facility 1,729 - 132 + 1,729 1,729
Paycheck Protection Program Liquidity Facility 47,850 + 1,243 + 47,850 48,509
Other credit extensions 0 0 0 0
Net portfolio holdings of Commercial Paper Funding
Facility II LLC (7) 8,558 0 + 8,558 8,558
Net portfolio holdings of Corporate Credit Facilities
LLC (7) 26,258 - 31 + 26,258 26,274
Net portfolio holdings of MS Facilities LLC (Main
Street Lending Program) (7) 33,312 + 8 + 33,312 33,321
Net portfolio holdings of Municipal Liquidity
Facility LLC (7) 11,545 - 67 + 11,545 11,536
Net portfolio holdings of TALF II LLC (7) 6,404 - 39 + 6,404 6,405
Float -68 + 349 + 27 -68
Central bank liquidity swaps (8) 8,463 - 216 + 8,408 8,463
Other Federal Reserve assets (9) 42,612 + 1,936 + 11,070 43,786
Foreign currency denominated assets (10) 21,913 - 100 + 1,543 22,043
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (11) 50,525 + 14 + 408 50,525
Total factors supplying reserve funds 7,476,710 + 21,111 +3,254,965 7,491,017
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 Feb 10, 2021
Federal Reserve Banks Feb 10, 2021 Feb 3, 2021 Feb 12, 2020
Currency in circulation (11) 2,099,380 + 1,954 + 305,024 2,100,668
Reverse repurchase agreements (12) 204,073 - 19,516 - 24,213 212,031
Foreign official and international accounts 203,997 - 16,141 - 23,565 212,031
Others 76 - 3,375 - 648 0
Treasury cash holdings 61 + 12 - 170 71
Deposits with F.R. Banks, other than reserve balances 1,810,641 - 29,521 +1,331,866 1,775,112
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 1,608,906 - 16,419 +1,197,669 1,576,744
Foreign official 21,959 + 110 + 16,776 22,121
Other (13) 179,776 - 13,212 + 117,421 176,248
Treasury contributions to credit facilities (14) 51,778 0 + 51,778 51,778
Other liabilities and capital (15) 51,857 + 2,380 + 7,325 52,718
Total factors, other than reserve balances,
absorbing reserve funds 4,217,790 - 44,691 +1,671,611 4,192,378
Reserve balances with Federal Reserve Banks 3,258,919 + 65,801 +1,583,353 3,298,639
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 $13.9 billion, MS Facilities LLC of $16.6 billion, Municipal
Liquidity Facility LLC of $6.3 billion, and TALF II LLC of $3.5 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 Feb 10, 2021
Feb 10, 2021 Feb 3, 2021 Feb 12, 2020
Securities held in custody for foreign official and
international accounts 3,535,683 + 4,390 + 77,252 3,533,433
Marketable U.S. Treasury securities (1) 3,088,075 + 4,335 + 79,133 3,085,639
Federal agency debt and mortgage-backed securities (2) 358,939 - 211 - 8,349 358,837
Other securities (3) 88,669 + 266 + 6,468 88,957
Securities lent to dealers 28,389 - 6,439 - 4,389 30,020
Overnight facility (4) 28,389 - 6,439 - 4,389 30,020
U.S. Treasury securities 28,389 - 6,439 - 4,389 30,020
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, February 10, 2021
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) 1,072 2,797 0 48,498 11 ... 52,378
U.S. Treasury securities (2)
Holdings 99,329 307,059 637,758 1,826,092 845,658 1,083,004 4,798,901
Weekly changes + 1,348 - 154 + 763 + 14,046 + 8,856 + 1,968 + 26,827
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 6 2,112 72,522 1,995,150 2,069,790
Weekly changes 0 0 0 0 0 + 1 + 1
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 16,549 ... ... 16,549
Municipal notes held by Municipal
Liquidity Facility LLC (7) 0 0 845 5,358 ... ... 6,203
Loans held by TALF II LLC (8) 0 0 0 2,613 ... ... 2,613
Repurchase agreements (9) 800 0 ... ... ... ... 800
Central bank liquidity swaps (10) 3,254 5,209 0 0 0 0 8,463
Reverse repurchase agreements (9) 212,031 0 ... ... ... ... 212,031
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
Feb 10, 2021
Mortgage-backed securities held outright (1) 2,069,790
Residential mortgage-backed securities 2,059,900
Commercial mortgage-backed securities 9,889
Commitments to buy mortgage-backed securities (2) 252,277
Commitments to sell mortgage-backed securities (2) 2,000
Cash and cash equivalents (3) 10
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 Feb 10, 2021
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 8,558 8,558
Corporate Credit Facilities LLC 14,018 14,179 12,095 26,274
MS Facilities LLC (Main Street Lending Program) 16,585 16,453 16,868 33,321
Municipal Liquidity Facility LLC 6,203 6,203 5,333 11,536
TALF II LLC 3,382 2,613 3,792 6,405
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 approximately 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 Feb 10, 2021 Wednesday Wednesday
consolidation Feb 3, 2021 Feb 12, 2020
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,565 - 4 - 218
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 7,263,935 + 28,555 +3,152,058
Securities held outright (1) 6,871,038 + 26,828 +3,034,544
U.S. Treasury securities 4,798,901 + 26,827 +2,356,280
Bills (2) 326,044 0 + 68,006
Notes and bonds, nominal (2) 4,109,172 + 24,135 +2,081,095
Notes and bonds, inflation-indexed (2) 320,422 + 2,401 + 189,370
Inflation compensation (3) 43,263 + 291 + 17,809
Federal agency debt securities (2) 2,347 0 0
Mortgage-backed securities (4) 2,069,790 + 1 + 678,264
Unamortized premiums on securities held outright
(5) 346,211 + 570 + 221,962
Unamortized discounts on securities held outright
(5) -6,492 - 157 + 6,774
Repurchase agreements (6) 800 - 200 - 163,600
Loans (7) 52,378 + 1,513 + 52,378
Net portfolio holdings of Commercial Paper
Funding Facility II LLC (8) 8,558 0 + 8,558
Net portfolio holdings of Corporate Credit
Facilities LLC (8) 26,274 - 16 + 26,274
Net portfolio holdings of MS Facilities LLC (Main
Street Lending Program) (8) 33,321 + 10 + 33,321
Net portfolio holdings of Municipal Liquidity
Facility LLC (8) 11,536 - 77 + 11,536
Net portfolio holdings of TALF II LLC (8) 6,405 + 1 + 6,405
Items in process of collection (0) 103 + 30 + 48
Bank premises 2,210 + 5 + 13
Central bank liquidity swaps (9) 8,463 - 216 + 8,408
Foreign currency denominated assets (10) 22,043 + 147 + 1,733
Other assets (11) 41,576 + 3,193 + 11,401
Total assets (0) 7,442,225 + 31,627 +3,259,536
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 Feb 10, 2021 Wednesday Wednesday
consolidation Feb 3, 2021 Feb 12, 2020
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 2,051,775 + 1,469 + 303,514
Reverse repurchase agreements (12) 212,031 + 3,098 - 11,798
Deposits (0) 5,073,751 + 24,557 +2,907,941
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 3,298,639 + 95,917 +1,603,557
U.S. Treasury, General Account 1,576,744 - 52,985 +1,172,403
Foreign official 22,121 + 267 + 16,938
Other (13) (0) 176,248 - 18,641 + 115,044
Deferred availability cash items (0) 171 + 33 + 13
Treasury contributions to credit facilities (14) 51,778 0 + 51,778
Other liabilities and accrued dividends (15) 13,536 + 2,491 + 7,424
Total liabilities (0) 7,403,043 + 31,648 +3,258,874
Capital accounts
Capital paid in 32,396 + 18 + 701
Surplus 6,785 - 40 - 40
Other capital accounts 0 0 0
Total capital 39,181 - 22 + 661
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 $13.9 billion, MS Facilities LLC of $16.6 billion, Municipal
Liquidity Facility LLC of $6.3 billion, and TALF II LLC of $3.5 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, February 10, 2021
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 1,565 35 43 132 75 210 153 261 32 43 104 185 291
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans (1) 7,263,935 164,894 3,743,577 169,594 227,115 454,885 533,266 404,189 115,229 76,296 118,621 349,199 907,071
Net portfolio holdings of Commercial
Paper Funding Facility II LLC (2) 8,558 0 8,558 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Corporate
Credit Facilities LLC (2) 26,274 0 26,274 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of MS
Facilities LLC (Main Street Lending
Program) (2) 33,321 33,321 0 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Municipal
Liquidity Facility LLC (2) 11,536 0 11,536 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of TALF II LLC (2) 6,405 0 6,405 0 0 0 0 0 0 0 0 0 0
Central bank liquidity swaps (3) 8,463 402 2,844 305 723 1,786 420 329 139 66 89 100 1,260
Foreign currency denominated
assets (4) 22,043 1,046 7,410 793 1,883 4,652 1,093 856 361 173 232 262 3,281
Other assets (5) 43,889 2,562 19,906 1,081 1,443 3,043 3,337 2,470 850 575 1,019 2,264 5,340
Interdistrict settlement account 0 - 46,546 + 318,743 + 14,198 + 70,924 + 14,377 - 127,126 - 191 - 15,026 - 11,915 - 17,578 - 44,546 - 155,313
Total assets 7,442,225 156,247 4,150,778 186,631 302,924 480,118 413,326 409,050 102,064 65,508 102,937 308,666 763,976
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, February 10, 2021 (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 2,051,775 61,673 672,789 55,715 94,989 155,368 282,451 132,714 59,062 33,384 54,582 176,570 272,475
Reverse repurchase agreements (6) 212,031 4,762 109,781 4,837 6,634 13,289 15,626 11,843 3,350 2,004 3,372 10,219 26,316
Deposits 5,073,751 69,353 3,314,043 124,340 197,531 302,424 112,621 262,261 38,641 29,449 44,256 120,613 458,219
Depository institutions 3,298,639 69,333 1,673,769 124,338 197,495 301,792 112,537 129,852 38,639 29,329 43,862 119,501 458,192
U.S. Treasury, General Account 1,576,744 0 1,576,744 0 0 0 0 0 0 0 0 0 0
Foreign official 22,121 2 22,094 1 3 8 2 2 1 0 0 0 6
Other (7) 176,248 18 41,437 0 32 623 83 132,407 2 119 394 1,112 21
Earnings remittances due to the U.S.
Treasury (8) 2,083 43 1,077 45 56 118 166 120 31 16 41 105 266
Treasury contributions to credit
facilities (9) 51,778 18,072 33,706 0 0 0 0 0 0 0 0 0 0
Other liabilities and accrued
dividends 11,625 567 6,221 287 327 773 687 576 235 323 259 441 930
Total liabilities 7,403,043 154,469 4,137,618 185,225 299,537 471,972 411,551 407,515 101,319 65,175 102,510 307,948 758,206
Capital
Capital paid in 32,396 1,470 10,880 1,163 2,800 6,734 1,468 1,269 616 275 354 596 4,771
Surplus 6,785 308 2,280 244 587 1,412 307 266 129 58 73 122 999
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
Total liabilities and capital 7,442,225 156,247 4,150,778 186,631 302,924 480,118 413,326 409,050 102,064 65,508 102,937 308,666 763,976
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, February 10, 2021 (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 each Federal Reserve Bank's allotted surplus cap.
9. Book value. Amount of equity investments in Commercial Paper Funding Facility II LLC of $10 billion, Corporate Credit Facilities LLC of $13.9 billion, MS Facilities LLC of $16.6 billion, and
Municipal Liquidity Facility LLC of $6.3 billion, and TALF II LLC of $3.5 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
Feb 10, 2021
Federal Reserve notes outstanding 2,214,779
Less: Notes held by F.R. Banks not subject to collateralization 163,005
Federal Reserve notes to be collateralized 2,051,775
Collateral held against Federal Reserve notes 2,051,775
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 2,035,538
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 6,871,838
Less: Face value of securities under reverse repurchase agreements 202,591
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 6,669,247
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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