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Release Date: Thursday, October 7, 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

October 7, 2021

 

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Reserve Bank credit, related items, and
reserve balances of depository institutions at
Federal Reserve Banks

Averages of daily figures

Wednesday
Oct 6, 2021

Week ended
Oct 6, 2021

Change from week ended

Sep 29, 2021

Oct 7, 2020

Reserve Bank credit

 8,415,988

-    9,330

+1,396,260

 8,425,569

Securities held outright1

 7,936,982

-    3,400

+1,495,878

 7,946,373

U.S. Treasury securities

 5,439,896

+   20,847

+  983,926

 5,449,277

Bills2

   326,044

         0

         0

   326,044

Notes and bonds, nominal2

 4,682,996

+   16,775

+  882,198

 4,691,968

Notes and bonds, inflation-indexed2

   366,155

+    3,401

+   77,395

   366,441

Inflation compensation3

    64,701

+      671

+   24,333

    64,824

Federal agency debt securities2

     2,347

         0

         0

     2,347

Mortgage-backed securities4

 2,494,739

-   24,246

+  511,952

 2,494,749

Unamortized premiums on securities held outright5

   354,787

-      509

+   20,834

   354,807

Unamortized discounts on securities held outright5

   -15,791

-      179

-   11,078

   -15,891

Repurchase agreements6

         0

         0

-    1,008

         0

Foreign official

         0

         0

-    1,000

         0

Others

         0

         0

-        8

         0

Loans

    59,144

-    4,299

-   17,094

    58,128

Primary credit

       419

-       86

-    2,470

       389

Secondary credit

         0

         0

         0

         0

Seasonal credit

        26

-        4

-        7

        25

Primary Dealer Credit Facility

         0

         0

-      233

         0

Money Market Mutual Fund Liquidity Facility

         0

         0

-    6,507

         0

Paycheck Protection Program Liquidity Facility

    58,700

-    4,208

-    7,876

    57,714

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Commercial Paper Funding Facility II LLC7

         0

         0

-    8,589

         0

Net portfolio holdings of Corporate Credit Facilities LLC7

       515

         0

-   44,588

       515

Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)7

    30,451

+        9

-    9,490

    30,457

Net portfolio holdings of Municipal Liquidity Facility LLC7

     9,776

+        2

-    6,771

     9,777

Net portfolio holdings of TALF II LLC7

     4,495

-       17

-    7,220

     4,495

Float

      -197

+       81

+       22

      -116

Central bank liquidity swaps8

       328

-       12

-   15,510

       328

Other Federal Reserve assets9

    35,499

-    1,004

+      875

    36,696

Foreign currency denominated assets10

    20,926

-      114

-      653

    20,846

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding11

    50,867

+       14

+      486

    50,867

 

 

 

 

 

Total factors supplying reserve funds

 8,504,022

-    9,430

+1,396,093

 8,513,524

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 

 


 

H.4.1

 

1. Factors Affecting Reserve Balances of Depository Institutions (continued)

Millions of dollars

Reserve Bank credit, related items, and
reserve balances of depository institutions at
Federal Reserve Banks

Averages of daily figures

Wednesday
Oct 6, 2021

Week ended
Oct 6, 2021

Change from week ended

Sep 29, 2021

Oct 7, 2020

Currency in circulation11

 2,198,495

+    2,445

+  163,625

 2,201,113

Reverse repurchase agreements12

 1,726,359

+  106,840

+1,527,139

 1,737,790

Foreign official and international accounts

   291,447

+   10,718

+   92,229

   286,615

Others

 1,434,912

+   96,122

+1,434,910

 1,451,175

Treasury cash holdings

        51

+        3

+       26

        49

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

   375,117

-  121,333

-1,494,833

   332,942

Term deposits held by depository institutions

         0

         0

         0

         0

U.S. Treasury, General Account

   135,582

-   62,162

-1,561,492

    95,854

Foreign official

     5,500

-    1,297

-   13,392

     6,463

Other13

   234,035

-   57,874

+   80,051

   230,624

Treasury contributions to credit facilities14

    26,397

-    1,983

-   87,603

    26,397

Other liabilities and capital15

    47,554

-      104

-    1,449

    47,689

 

 

 

 

 

Total factors, other than reserve balances,
absorbing reserve funds

 4,373,972

-   14,132

+  106,904

 4,345,980

 

 

 

 

 

Reserve balances with Federal Reserve Banks

 4,130,050

+    4,702

+1,289,190

 4,167,544

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

1.

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

2.

Face value of the securities.

3.

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

4.

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

the securities.

5.

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

6.

Cash value of agreements.

7.

Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury contributions to the facility. Refer to note on consolidation below.

8.

Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned

to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the

foreign central bank.

9.

Includes bank premises, accrued interest, and other accounts receivable.

10.

Revalued daily at current foreign currency exchange rates.

11.

Estimated.

12.

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

13.

Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements.  Also includes certain deposit accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as fiscal agents of the United States.

14.

Book value. Amount of equity investments in MS Facilities LLC of $16.6 billion, Municipal Liquidity Facility LLC of $6.3 billion, and TALF II LLC of $3.5 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.


 

 


 

H.4.1

 

1A. Memorandum Items

Millions of dollars

Memorandum item

Averages of daily figures

Wednesday
Oct 6, 2021

Week ended
Oct 6, 2021

Change from week ended

Sep 29, 2021

Oct 7, 2020

Securities held in custody for foreign official and international accounts

 3,477,986

-    6,594

+   67,538

 3,474,948

Marketable U.S. Treasury securities1

 3,061,360

-    5,679

+   81,578

 3,058,271

Federal agency debt and mortgage-backed securities2

   325,670

-      834

-   19,723

   325,687

Other securities3

    90,955

-       82

+    5,681

    90,989

Securities lent to dealers

    40,905

+    6,775

+   16,917

    40,539

Overnight facility4

    40,905

+    6,775

+   16,917

    40,539

U.S. Treasury securities

    40,905

+    6,775

+   16,917

    40,539

Federal agency debt securities

         0

         0

         0

         0

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

1.

Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS. Does not include securities pledged as collateral to foreign official and international account holders against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6.

2.

Face value of federal agency securities and current face value of mortgage-backed securities, which is the remaining principal balance of the securities.

3.

Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed securities, and commercial paper at face value.

4.

Face value. Fully collateralized by U.S. Treasury securities.


 

 

 


 

H.4.1

 

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, October 6, 2021

Millions of dollars

Remaining Maturity

Within 15
days

16 days to
90 days

91 days to
1 year

Over 1 year
to 5 years

Over 5 year
to 10 years

Over 10
years

All

Loans1

       146

       267

     3,970

    53,744

         0

...

    58,128

U.S. Treasury securities2

 

 

 

 

 

 

 

Holdings

    64,682

   318,226

   699,428

 2,085,301

   994,263

 1,287,378

 5,449,277

Weekly changes

-   19,326

+   29,025

-    2,951

-    7,983

+   12,507

+    6,951

+   18,221

Federal agency debt securities3

 

 

 

 

 

 

 

Holdings

         0

         0

         0

         0

     2,134

       213

     2,347

Weekly changes

         0

         0

         0

         0

         0

         0

         0

Mortgage-backed securities4

 

 

 

 

 

 

 

Holdings

         0

         0

        23

     1,767

    64,633

 2,428,325

 2,494,749

Weekly changes

         0

         0

+        5

+      108

+      793

-      843

+       65

Loan participations held by MS

 

 

 

 

 

 

 

Facilities LLC (Main Street Lending

 

 

 

 

 

 

 

Program)5

         0

         0

         0

    15,910

...

...

    15,910

Municipal notes held by Municipal

 

 

 

 

 

 

 

Liquidity Facility LLC6

         0

         0

         0

     4,373

...

...

     4,373

Loans held by TALF II LLC7

         0

         0

         0

     1,456

...

...

     1,456

Repurchase agreements8

         0

         0

...

...

...

...

         0

Central bank liquidity swaps9

       228

       100

         0

         0

         0

         0

       328

Reverse repurchase agreements8

 1,737,790

         0

...

...

...

...

 1,737,790

Term deposits

         0

         0

         0

...

...

...

         0

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

 

1.

Loans includes primary, secondary, and seasonal loans and credit extended through the Paycheck Protection Program Liquidity Facility and other credit extensions. Loans exclude the loans from the Federal Reserve Bank of New York (FRBNY) to Municipal Liquidity Facility LLC and TALF II LLC, and from the Federal Reserve Bank of Boston (FRBB) to MS Facilities LLC, which were eliminated when preparing the FRBNY's and FRBB's statement of condition, respectively, consistent with consolidation under generally accepted accounting principles.

2.

Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the original face value of such securities.

3.

Face value.

4.

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

5.

Book value of the loan participations held by the MS Facilities LLC.

6.

Book value of the municipal notes held by the Municipal Liquidity Facility LLC.

7.

Book value of the loans held by the TALF II LLC.

8.

Cash value of agreements.

9.

Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to
the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign
central bank.

 

 


 

H.4.1

 

3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Account name

Wednesday

Oct 6, 2021

Mortgage-backed securities held outright1

 2,494,749

Residential mortgage-backed securities

 2,485,202

Commercial mortgage-backed securities

     9,547

 

 

Commitments to buy mortgage-backed securities2

   124,721

Commitments to sell mortgage-backed securities2

         0

 

 

Cash and cash equivalents3

        37

 

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 Oct 6, 2021

 

Net portfolio holdings of

Credit Facilities LLCs

Outstanding

 

 

 

principal

Outstanding

 

 

amount

amount of

Treasury

 

of loan

facility

contributions

 

extended to

asset

and

 

the LLC1

purchases2

other assets3

Total

Corporate Credit Facilities LLC

         0

         0

       515

       515

MS Facilities LLC (Main Street Lending Program)

    15,920

    13,373

    17,085

    30,457

Municipal Liquidity Facility LLC

     4,373

     4,373

     5,404

     9,777

TALF II LLC

     1,462

     1,456

     3,039

     4,495

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 Corporate Credit Facilities LLC includes exchange traded-funds and corporate bonds at fair value.

 

b. For the MS Facilities LLC (Main Street Lending Program) includes loan participations at face value, net of an allowance for loan losses

 

    updated as of June 30, 2021.

 

c. 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.

 

d. For the TALF II LLC includes loans to holders of eligible asset-backed securities at book value.

3.

Includes short term receivables, interest and dividend receivables, and other assets of the facility. Also includes the portion of the Treasury contribution to the credit facilities, which is held as investments in nonmarketable Treasury securities and the residual portion which is held as cash and cash equivalents at the FRBNY. The amount of cash and cash equivalents held at the FRBNY are eliminated in consolidation and, as result, are excluded from net portfolio holdings in Tables 1, 5, and 6. Amounts excluded are approximately 15% of Treasury contributions to the Municipal Liquidity Facility LLC and TALF II LLC. Refer to the note on consolidation accompanying table 6.

 

 


 

H.4.1

 

5. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Assets, liabilities, and capital

Eliminations from consolidation

Wednesday
Oct 6, 2021

Change since

Wednesday

Wednesday

Sep 29, 2021

Oct 7, 2020

Assets

 

 

 

 

Gold certificate account

 

    11,037

         0

         0

Special drawing rights certificate account

 

     5,200

         0

         0

Coin

 

     1,208

+        5

-      273

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

 

 8,343,417

+   15,107

+1,481,813

Securities held outright1

 

 7,946,373

+   18,286

+1,491,389

U.S. Treasury securities

 

 5,449,277

+   18,221

+  979,429

Bills2

 

   326,044

         0

         0

Notes and bonds, nominal2

 

 4,691,968

+   13,916

+  877,378

Notes and bonds, inflation-indexed2

 

   366,441

+    3,687

+   77,681

Inflation compensation3

 

    64,824

+      618

+   24,370

Federal agency debt securities2

 

     2,347

         0

         0

Mortgage-backed securities4

 

 2,494,749

+       65

+  511,960

Unamortized premiums on securities held outright5

 

   354,807

+      345

+   20,476

Unamortized discounts on securities held outright5

 

   -15,891

-      226

-   11,197

Repurchase agreements6

 

         0

         0

-    1,059

Loans7

 

    58,128

-    3,298

-   17,796

Net portfolio holdings of Commercial Paper Funding Facility II LLC8

 

         0

         0

-    8,590

Net portfolio holdings of Corporate Credit Facilities LLC8

 

       515

         0

-   44,649

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

 

    30,457

+        8

-    9,619

Net portfolio holdings of Municipal Liquidity Facility LLC8

 

     9,777

+        1

-    6,771

Net portfolio holdings of TALF II LLC8

 

     4,495

-       18

-    7,220

Items in process of collection

(0)

        56

+        1

-        1

Bank premises

 

     1,539

-       11

-      650

Central bank liquidity swaps9

 

       328

-       12

-   15,510

Foreign currency denominated assets10

 

    20,846

-       35

-      705

Other assets11

 

    35,157

+    1,003

+    1,558

 

 

 

 

 

Total assets

(0)

 8,464,032

+   16,051

+1,389,383

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 

 


 

H.4.1

 

5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)

Millions of dollars

Assets, liabilities, and capital

Eliminations from consolidation

Wednesday
Oct 6, 2021

Change since

Wednesday

Wednesday

Sep 29, 2021

Oct 7, 2020

Liabilities

 

 

 

 

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

 

 2,151,498

+    3,701

+  162,057

Reverse repurchase agreements12

 

 1,737,790

+   35,443

+1,549,247

Deposits

(0)

 4,500,486

-   23,865

-  232,241

Term deposits held by depository institutions

 

         0

         0

         0

Other deposits held by depository institutions

 

 4,167,544

+   72,734

+1,304,187

U.S. Treasury, General Account

 

    95,854

-   77,891

-1,591,580

Foreign official

 

     6,463

-      753

-   12,434

Other13

(0)

   230,624

-   17,956

+   67,585

Deferred availability cash items

(0)

       172

-    1,053

-      293

Treasury contributions to credit facilities14

 

    26,397

         0

-   87,603

Other liabilities and accrued dividends15

 

     7,837

+    1,847

-    2,417

 

 

 

 

 

Total liabilities

(0)

 8,424,180

+   16,073

+1,388,749

 

 

 

 

 

Capital accounts

 

 

 

 

Capital paid in

 

    33,067

-       22

+      673

Surplus

 

     6,785

         0

-       40

Other capital accounts

 

         0

         0

         0

 

 

 

 

 

Total capital

 

    39,852

-       22

+      633

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.

12.

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

13.

Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements.  Also includes certain deposit accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as fiscal agents of the United States.

14.

Book value. Amount of equity investments in MS Facilities LLC of $16.6 billion, Municipal Liquidity Facility LLC of $6.3 billion, and TALF II LLC of $3.5 billion.

15.

Includes the liability for earnings remittances due to the U.S. Treasury.

 

 


 

H.4.1

 

6. Statement of Condition of Each Federal Reserve Bank, October 6, 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

       531

     5,422

       523

       752

     1,187

     2,188

     1,136

       475

       273

       455

     1,220

     2,075

Coin

     1,208

        16

        22

       115

        49

       177

       105

       231

        16

        28

        87

       143

       221

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

 8,343,417

   138,495

 4,691,066

   175,203

   315,000

   556,092

   485,850

   452,535

   108,641

    82,270

   110,778

   367,029

   860,458

Net portfolio holdings of Corporate Credit Facilities LLC2

       515

         0

       515

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of MS

 

 

 

 

 

 

 

 

 

 

 

 

 

Facilities LLC (Main Street Lending

 

 

 

 

 

 

 

 

 

 

 

 

 

Program)2

    30,457

    30,457

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Municipal Liquidity Facility LLC2

     9,777

         0

     9,777

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of TALF II LLC2

     4,495

         0

     4,495

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Central bank liquidity swaps3

       328

        15

       110

        12

        28

        68

        15

        13

         6

         3

         4

         6

        48

Foreign currency denominated

 

 

 

 

 

 

 

 

 

 

 

 

 

assets4

    20,846

       946

     7,007

       748

     1,802

     4,338

       943

       817

       396

       177

       225

       376

     3,070

Other assets5

    36,752

       708

    19,363

       874

     1,406

     2,724

     2,265

     2,037

       620

       474

       794

     1,730

     3,757

Interdistrict settlement account

         0

+   40,898

-  579,223

+   21,698

+   44,765

+   33,032

+   79,222

+  120,298

+   25,649

+    1,693

+   19,450

+   64,522

+  127,996

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 8,464,032

   212,065

 4,158,554

   199,174

   363,802

   597,618

   570,587

   577,067

   135,803

    84,918

   131,793

   435,026

   997,625

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 

 


 

H.4.1

 

6. Statement of Condition of Each Federal Reserve Bank, October 6, 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

 2,151,498

    70,883

   689,184

    61,431

   103,430

   154,043

   314,315

   121,310

    63,848

    32,832

    54,999

   195,879

   289,342

Reverse repurchase agreements6

 1,737,790

    29,040

   982,296

    36,704

    63,231

   116,446

   101,821

    94,832

    22,656

    13,446

    23,076

    76,848

   177,394

Deposits

 4,500,486

    95,630

 2,458,371

    99,293

   193,245

   318,099

   152,001

   358,866

    48,347

    38,218

    53,066

   161,004

   524,347

Depository institutions

 4,167,544

    95,605

 2,313,730

    99,291

   193,161

   317,085

   151,865

   172,809

    48,340

    38,013

    52,510

   160,845

   524,290

U.S. Treasury, General Account

    95,854

         0

    95,854

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     6,463

         2

     6,437

         1

         3

         8

         2

         2

         1

         0

         0

         1

         6

Other7

   230,624

        22

    42,350

         0

        81

     1,006

       134

   186,055

         6

       205

       555

       158

        51

Earnings remittances due to the U.S. Treasury8

     1,980

         7

     1,256

        21

        42

       151

       110

        98

        12

        18

        12

        87

       165

Treasury contributions to credit facilities9

    26,397

    16,572

     9,825

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Other liabilities and accrued
dividends

     6,028

    -1,833

     4,280

       225

       263

       677

       569

       420

       195

       177

       218

       298

       538

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total liabilities

 8,424,180

   210,299

 4,145,212

   197,674

   360,212

   589,416

   568,817

   575,526

   135,059

    84,691

   131,372

   434,117

   991,786

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital paid in

    33,067

     1,458

    11,062

     1,256

     3,004

     6,790

     1,463

     1,275

       615

       170

       348

       786

     4,840

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

 8,464,032

   212,065

 4,158,554

   199,174

   363,802

   597,618

   570,587

   577,067

   135,803

    84,918

   131,793

   435,026

   997,625

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

 

 


 

H.4.1

 

6. Statement of Condition of Each Federal Reserve Bank, October 6, 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 Paycheck Protection Program Liquidity Facility and other credit extensions.

2.

Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury contributions to the facility. Refer to note on consolidation below.

3.

Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate
equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.

4.

Revalued daily at current foreign currency exchange rates.

5.

Includes items in process of collection, bank premises, accrued interest (which represents the daily accumulation of interest earned), and other accounts receivable.

6.

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

7.

Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements.  Also includes certain deposit accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as fiscal agents of the United States.

8.

Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after providing for the costs of operations, payment of dividends, and the amount necessary to maintain each Federal Reserve Bank's allotted surplus cap.

9.

Book value. Amount of equity investments in MS Facilities LLC of $16.6 billion, Municipal Liquidity Facility LLC of $6.3 billion, and TALF II LLC of $3.5 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).

 

 

 


 

H.4.1

 

7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts

Millions of dollars

Federal Reserve notes and collateral

Wednesday

Oct 6, 2021

Federal Reserve notes outstanding

 2,399,730

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

   248,231

Federal Reserve notes to be collateralized

 2,151,498

Collateral held against Federal Reserve notes

 2,151,498

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

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

 2,135,262

Other assets pledged

         0

Memo:

 

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

 7,946,373

Less: Face value of securities under reverse repurchase agreements

 1,668,945

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

 6,277,428

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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