Skip to Content
Release Date: March 11, 2021
Release dates | Data Download Program (DDP) |
About |
Announcements |
Technical Q&As
Current release Other formats:
Screen reader |
PDF
(21 KB)
FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks March 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 Mar 10, 2021
Federal Reserve Banks Mar 10, 2021 Mar 3, 2021 Mar 11, 2020
Reserve Bank credit 7,530,925 + 24,223 +3,309,335 7,540,483
Securities held outright (1) 7,015,379 + 23,546 +3,125,247 7,024,790
U.S. Treasury securities 4,879,631 + 23,395 +2,363,691 4,889,007
Bills (2) 326,044 0 + 11,431 326,044
Notes and bonds, nominal (2) 4,182,423 + 20,822 +2,139,285 4,190,787
Notes and bonds, inflation-indexed (2) 326,766 + 2,057 + 194,342 327,623
Inflation compensation (3) 44,398 + 516 + 18,634 44,553
Federal agency debt securities (2) 2,347 0 0 2,347
Mortgage-backed securities (4) 2,133,402 + 152 + 761,556 2,133,436
Unamortized premiums on securities held outright (5) 349,677 + 725 + 225,218 349,720
Unamortized discounts on securities held outright (5) -7,589 - 241 + 5,805 -8,077
Repurchase agreements (6) 500 0 - 198,801 500
Foreign official 500 0 + 500 500
Others 0 0 - 199,301 0
Loans 56,425 + 261 + 56,417 56,301
Primary credit 1,451 - 290 + 1,443 1,355
Secondary credit 0 0 0 0
Seasonal credit 0 0 0 0
Primary Dealer Credit Facility 251 - 4 + 251 230
Money Market Mutual Fund Liquidity Facility 665 - 436 + 665 594
Paycheck Protection Program Liquidity Facility 54,057 + 991 + 54,057 54,122
Other credit extensions 0 0 0 0
Net portfolio holdings of Commercial Paper Funding
Facility II LLC (7) 8,556 0 + 8,556 8,556
Net portfolio holdings of Corporate Credit Facilities
LLC (7) 26,075 - 81 + 26,075 26,027
Net portfolio holdings of MS Facilities LLC (Main
Street Lending Program) (7) 30,969 + 8 + 30,969 30,978
Net portfolio holdings of Municipal Liquidity
Facility LLC (7) 11,545 + 2 + 11,545 11,548
Net portfolio holdings of TALF II LLC (7) 5,647 - 108 + 5,647 5,648
Float -103 + 343 + 91 -111
Central bank liquidity swaps (8) 3,176 - 1,919 + 3,118 2,774
Other Federal Reserve assets (9) 30,667 + 1,685 + 9,449 31,830
Foreign currency denominated assets (10) 21,505 - 357 + 318 21,467
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (11) 50,581 + 14 + 426 50,581
Total factors supplying reserve funds 7,619,252 + 23,879 +3,310,079 7,628,772
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 Mar 10, 2021
Federal Reserve Banks Mar 10, 2021 Mar 3, 2021 Mar 11, 2020
Currency in circulation (11) 2,104,252 + 1,921 + 290,237 2,106,555
Reverse repurchase agreements (12) 196,194 - 25,099 - 31,869 193,750
Foreign official and international accounts 195,448 - 19,547 - 30,669 193,650
Others 746 - 5,552 - 1,200 100
Treasury cash holdings 96 + 11 - 211 110
Deposits with F.R. Banks, other than reserve balances 1,628,192 - 43,837 +1,152,065 1,582,429
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 1,360,064 - 69,485 + 979,508 1,310,273
Foreign official 23,402 + 1,285 + 18,047 23,474
Other (13) 244,727 + 24,364 + 154,510 248,682
Treasury contributions to credit facilities (14) 51,778 0 + 51,778 51,778
Other liabilities and capital (15) 46,729 + 1,992 + 593 47,419
Total factors, other than reserve balances,
absorbing reserve funds 4,027,242 - 65,011 +1,462,594 3,982,040
Reserve balances with Federal Reserve Banks 3,592,010 + 88,890 +1,847,485 3,646,732
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 Mar 10, 2021
Mar 10, 2021 Mar 3, 2021 Mar 11, 2020
Securities held in custody for foreign official and
international accounts 3,569,579 + 25,218 + 129,585 3,577,416
Marketable U.S. Treasury securities (1) 3,127,390 + 25,675 + 147,320 3,135,486
Federal agency debt and mortgage-backed securities (2) 353,100 + 24 - 24,139 353,135
Other securities (3) 89,090 - 480 + 6,406 88,795
Securities lent to dealers 36,196 - 1,176 + 2,346 40,612
Overnight facility (4) 36,196 - 1,176 + 2,346 40,612
U.S. Treasury securities 36,196 - 1,176 + 2,346 40,612
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, March 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) 1,197 982 11 54,111 0 ... 56,301
U.S. Treasury securities (2)
Holdings 44,743 377,085 624,104 1,862,620 870,902 1,109,553 4,889,007
Weekly changes - 8,854 + 9,499 - 617 + 10,765 + 4,278 + 6,657 + 21,728
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 9 2,029 70,794 2,060,604 2,133,436
Weekly changes 0 0 0 0 0 + 36 + 36
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 16,529 ... ... 16,529
Municipal notes held by Municipal
Liquidity Facility LLC (7) 0 845 0 5,358 ... ... 6,203
Loans held by TALF II LLC (8) 0 0 0 2,270 ... ... 2,270
Repurchase agreements (9) 500 0 ... ... ... ... 500
Central bank liquidity swaps (10) 2,059 715 0 0 0 0 2,774
Reverse repurchase agreements (9) 193,750 0 ... ... ... ... 193,750
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
Mar 10, 2021
Mortgage-backed securities held outright (1) 2,133,436
Residential mortgage-backed securities 2,123,542
Commercial mortgage-backed securities 9,894
Commitments to buy mortgage-backed securities (2) 228,274
Commitments to sell mortgage-backed securities (2) 1,000
Cash and cash equivalents (3) 29
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 Mar 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 8,556 8,556
Corporate Credit Facilities LLC 13,956 13,860 12,167 26,027
MS Facilities LLC (Main Street Lending Program) 16,524 14,115 16,863 30,978
Municipal Liquidity Facility LLC 6,203 6,203 5,345 11,548
TALF II LLC 2,623 2,270 3,378 5,648
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
December 31, 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 Mar 10, 2021 Wednesday Wednesday
consolidation Mar 3, 2021 Mar 11, 2020
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,540 - 5 - 189
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 7,423,234 + 21,741 +3,172,568
Securities held outright (1) 7,024,790 + 21,764 +3,127,566
U.S. Treasury securities 4,889,007 + 21,728 +2,365,976
Bills (2) 326,044 0 + 5,001
Notes and bonds, nominal (2) 4,190,787 + 20,137 +2,147,305
Notes and bonds, inflation-indexed (2) 327,623 + 1,201 + 194,970
Inflation compensation (3) 44,553 + 390 + 18,700
Federal agency debt securities (2) 2,347 0 0
Mortgage-backed securities (4) 2,133,436 + 36 + 761,590
Unamortized premiums on securities held outright
(5) 349,720 + 373 + 225,297
Unamortized discounts on securities held outright
(5) -8,077 - 622 + 5,289
Repurchase agreements (6) 500 0 - 241,875
Loans (7) 56,301 + 226 + 56,290
Net portfolio holdings of Commercial Paper
Funding Facility II LLC (8) 8,556 0 + 8,556
Net portfolio holdings of Corporate Credit
Facilities LLC (8) 26,027 - 108 + 26,027
Net portfolio holdings of MS Facilities LLC (Main
Street Lending Program) (8) 30,978 + 10 + 30,978
Net portfolio holdings of Municipal Liquidity
Facility LLC (8) 11,548 + 3 + 11,548
Net portfolio holdings of TALF II LLC (8) 5,648 + 1 + 5,648
Items in process of collection (0) 63 + 1 + 4
Bank premises 1,916 + 2 - 283
Central bank liquidity swaps (9) 2,774 - 2,089 + 2,716
Foreign currency denominated assets (10) 21,467 - 322 + 320
Other assets (11) 29,915 + 3,144 + 10,100
Total assets (0) 7,579,901 + 22,377 +3,267,990
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 Mar 10, 2021 Wednesday Wednesday
consolidation Mar 3, 2021 Mar 11, 2020
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 2,057,619 + 3,204 + 286,833
Reverse repurchase agreements (12) 193,750 - 9,589 - 39,525
Deposits (0) 5,229,161 + 27,601 +2,966,806
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 3,646,732 + 81,882 +1,866,742
U.S. Treasury, General Account 1,310,273 - 109,965 + 937,936
Foreign official 23,474 + 1,601 + 18,287
Other (13) (0) 248,682 + 54,082 + 143,840
Deferred availability cash items (0) 174 - 184 - 197
Treasury contributions to credit facilities (14) 51,778 0 + 51,778
Other liabilities and accrued dividends (15) 8,210 + 1,338 + 1,681
Total liabilities (0) 7,540,693 + 22,370 +3,267,376
Capital accounts
Capital paid in 32,424 + 8 + 655
Surplus 6,785 0 - 40
Other capital accounts 0 0 0
Total capital 39,209 + 8 + 615
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, March 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 1,540 36 44 126 74 210 150 252 28 45 106 169 302
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans (1) 7,423,234 166,964 3,824,200 172,614 232,218 464,627 544,924 412,820 117,781 80,122 120,710 356,710 929,545
Net portfolio holdings of Commercial
Paper Funding Facility II LLC (2) 8,556 0 8,556 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Corporate
Credit Facilities LLC (2) 26,027 0 26,027 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of MS
Facilities LLC (Main Street Lending
Program) (2) 30,978 30,978 0 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Municipal
Liquidity Facility LLC (2) 11,548 0 11,548 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of TALF II LLC (2) 5,648 0 5,648 0 0 0 0 0 0 0 0 0 0
Central bank liquidity swaps (3) 2,774 132 932 100 237 586 138 108 45 22 29 33 413
Foreign currency denominated
assets (4) 21,467 1,019 7,216 772 1,834 4,530 1,065 834 352 168 226 255 3,196
Other assets (5) 31,893 2,284 13,607 810 1,055 2,298 2,405 1,799 845 457 805 1,685 3,844
Interdistrict settlement account 0 - 33,998 + 285,459 + 10,287 + 63,267 + 28,365 - 129,756 + 5,816 - 15,568 - 15,441 - 18,950 - 37,916 - 141,564
Total assets 7,579,901 167,948 4,188,718 185,237 299,446 501,781 421,107 422,764 103,961 65,643 103,377 322,137 797,780
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, March 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 2,057,619 61,718 672,602 55,162 97,156 155,566 284,488 131,973 58,424 32,887 54,295 178,142 275,207
Reverse repurchase agreements (6) 193,750 4,351 100,315 4,420 6,062 12,143 14,279 10,822 3,061 1,831 3,081 9,338 24,047
Deposits 5,229,161 83,802 3,362,429 124,024 192,613 325,341 120,059 277,995 41,541 30,265 45,341 133,606 492,145
Depository institutions 3,646,732 83,783 1,929,515 124,022 192,572 324,153 119,970 130,791 41,534 30,199 45,310 132,765 492,118
U.S. Treasury, General Account 1,310,273 0 1,310,273 0 0 0 0 0 0 0 0 0 0
Foreign official 23,474 2 23,447 1 3 8 2 2 1 0 0 0 6
Other (7) 248,682 18 99,194 0 37 1,179 87 147,202 7 66 31 841 21
Earnings remittances due to the U.S.
Treasury (8) 2,321 35 1,307 44 50 89 178 129 30 22 43 119 275
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 6,064 -1,809 5,188 181 179 496 329 312 161 292 186 213 336
Total liabilities 7,540,693 166,169 4,175,548 183,831 296,059 493,634 419,333 421,231 103,217 65,297 102,946 321,418 792,010
Capital
Capital paid in 32,424 1,471 10,891 1,163 2,801 6,734 1,467 1,268 615 288 358 597 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 7,579,901 167,948 4,188,718 185,237 299,446 501,781 421,107 422,764 103,961 65,643 103,377 322,137 797,780
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, March 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
Mar 10, 2021
Federal Reserve notes outstanding 2,228,400
Less: Notes held by F.R. Banks not subject to collateralization 170,780
Federal Reserve notes to be collateralized 2,057,619
Collateral held against Federal Reserve notes 2,057,619
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 2,041,383
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 7,025,290
Less: Face value of securities under reverse repurchase agreements 188,055
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 6,837,235
Note: Components may not sum to totals because of rounding.
1. Includes face value of U.S. Treasury, agency debt, and mortgage-backed securities held outright,
compensation to adjust for the effect of inflation on the original face value of inflation-indexed
securities, and cash value of repurchase agreements.
2. Includes securities lent to dealers under the overnight securities lending facility; refer to table
1A.
Release dates | Data Download Program (DDP) |
About |
Announcements |
Technical Q&As
Current release Other formats:
Screen reader |
PDF
(21 KB)
Statistical releases