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FEDERAL RESERVE statistical release

 

 

For Release at

4:30 P.M. Eastern time

November 4, 2021

 

 

In table 4, the outstanding amount of facility asset purchases for MS Facilities LLC (Main Street Lending Program) reflects the quarterly update to the allowance for loan losses.  The allowance for loan losses was estimated based upon the Main Street Lending Program holdings as of September 30, 2021.

 

 

 

 

 


 

FEDERAL RESERVE statistical release

 

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks

November 4, 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
Nov 3, 2021

Week ended
Nov 3, 2021

Change from week ended

Oct 27, 2021

Nov 4, 2020

Reserve Bank credit

 8,530,742

-    7,628

+1,420,499

 8,536,560

Securities held outright1

 8,057,187

-    4,313

+1,523,836

 8,063,390

U.S. Treasury securities

 5,527,019

+   19,899

+  996,338

 5,533,219

Bills2

   326,044

         0

         0

   326,044

Notes and bonds, nominal2

 4,763,776

+   18,259

+  897,674

 4,767,776

Notes and bonds, inflation-indexed2

   371,128

+    1,314

+   74,652

   372,843

Inflation compensation3

    66,072

+      327

+   24,013

    66,557

Federal agency debt securities2

     2,347

         0

         0

     2,347

Mortgage-backed securities4

 2,527,821

-   24,213

+  527,498

 2,527,824

Unamortized premiums on securities held outright5

   354,456

-      855

+   15,878

   354,701

Unamortized discounts on securities held outright5

   -16,484

-      230

-   11,877

   -16,650

Repurchase agreements6

         0

         0

-    1,000

         0

Foreign official

         0

         0

-    1,000

         0

Others

         0

         0

         0

         0

Loans

    49,099

-    2,481

-   21,572

    48,317

Primary credit

       330

-      166

-    2,104

       259

Secondary credit

         0

         0

         0

         0

Seasonal credit

        10

-        3

+        9

        10

Primary Dealer Credit Facility

         0

         0

-      249

         0

Money Market Mutual Fund Liquidity Facility

         0

         0

-    5,518

         0

Paycheck Protection Program Liquidity Facility

    48,759

-    2,312

-   13,711

    48,047

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Commercial Paper Funding Facility II LLC7

         0

         0

-    8,562

         0

Net portfolio holdings of Corporate Credit Facilities LLC7

       515

         0

-   45,013

       515

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

    30,502

+      217

-   10,973

    30,507

Net portfolio holdings of Municipal Liquidity Facility LLC7

     9,783

+        2

-    6,768

     9,783

Net portfolio holdings of TALF II LLC7

     4,491

-        5

-    7,702

     4,490

Float

      -425

-      240

-      106

      -118

Central bank liquidity swaps8

       332

+        9

-    6,873

       332

Other Federal Reserve assets9

    41,287

+      270

+    1,231

    41,292

Foreign currency denominated assets10

    20,714

-       33

-      866

    20,684

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding11

    50,838

+       14

+      429

    50,838

 

 

 

 

 

Total factors supplying reserve funds

 8,618,535

-    7,647

+1,420,062

 8,624,323

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
Nov 3, 2021

Week ended
Nov 3, 2021

Change from week ended

Oct 27, 2021

Nov 4, 2020

Currency in circulation11

 2,205,834

+    1,893

+  159,088

 2,207,681

Reverse repurchase agreements12

 1,719,710

+   16,758

+1,518,775

 1,657,066

Foreign official and international accounts

   301,984

+   18,663

+  101,051

   313,081

Others

 1,417,725

-    1,907

+1,417,723

 1,343,985

Treasury cash holdings

        52

-        7

+        3

        49

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

   531,694

-   36,145

-1,289,666

   534,233

Term deposits held by depository institutions

         0

         0

         0

         0

U.S. Treasury, General Account

   280,205

+   66,914

-1,341,141

   286,959

Foreign official

     5,466

+      173

-   15,791

     5,647

Other13

   246,023

-  103,232

+   67,265

   241,627

Treasury contributions to credit facilities14

    26,397

         0

-   87,603

    26,397

Other liabilities and capital15

    48,511

+      687

-      135

    49,066

 

 

 

 

 

Total factors, other than reserve balances,
absorbing reserve funds

 4,532,199

-   16,813

+  300,463

 4,474,492

 

 

 

 

 

Reserve balances with Federal Reserve Banks

 4,086,336

+    9,166

+1,119,599

 4,149,830

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
Nov 3, 2021

Week ended
Nov 3, 2021

Change from week ended

Oct 27, 2021

Nov 4, 2020

Securities held in custody for foreign official and international accounts

 3,481,183

-    5,726

+   65,644

 3,479,869

Marketable U.S. Treasury securities1

 3,071,583

-    4,952

+   95,277

 3,070,087

Federal agency debt and mortgage-backed securities2

   328,527

-      717

-   24,190

   328,561

Other securities3

    81,072

-       58

-    5,444

    81,220

Securities lent to dealers

    39,747

-      487

+   13,720

    35,895

Overnight facility4

    39,747

-      487

+   13,720

    35,895

U.S. Treasury securities

    39,747

-      487

+   13,720

    35,895

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, November 3, 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

       114

       155

     2,738

    45,309

         0

...

    48,317

U.S. Treasury securities2

 

 

 

 

 

 

 

Holdings

   127,192

   273,726

   702,180

 2,121,068

 1,001,373

 1,307,680

 5,533,219

Weekly changes

+   60,247

-   45,271

-    4,350

+    7,256

-    5,292

+    7,300

+   19,890

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

        27

     1,677

    62,981

 2,463,138

 2,527,824

Weekly changes

         0

         0

+        7

+       73

+      259

-      294

+       47

Loan participations held by MS

 

 

 

 

 

 

 

Facilities LLC (Main Street Lending

 

 

 

 

 

 

 

Program)5

         0

         0

         0

    15,898

...

...

    15,898

Municipal notes held by Municipal

 

 

 

 

 

 

 

Liquidity Facility LLC6

         0

         0

         0

     4,373

...

...

     4,373

Loans held by TALF II LLC7

         0

         0

         0

     1,386

...

...

     1,386

Repurchase agreements8

         0

         0

...

...

...

...

         0

Central bank liquidity swaps9

       332

         0

         0

         0

         0

         0

       332

Reverse repurchase agreements8

 1,657,066

         0

...

...

...

...

 1,657,066

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

Nov 3, 2021

Mortgage-backed securities held outright1

 2,527,824

Residential mortgage-backed securities

 2,518,432

Commercial mortgage-backed securities

     9,392

 

 

Commitments to buy mortgage-backed securities2

   125,170

Commitments to sell mortgage-backed securities2

         0

 

 

Cash and cash equivalents3

        14

 

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 Nov 3, 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)

    15,736

    13,567

    16,940

    30,507

Municipal Liquidity Facility LLC

     4,373

     4,373

     5,410

     9,783

TALF II LLC

     1,456

     1,386

     3,104

     4,490

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 September 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
Nov 3, 2021

Change since

Wednesday

Wednesday

Oct 27, 2021

Nov 4, 2020

Assets

 

 

 

 

Gold certificate account

 

    11,037

         0

         0

Special drawing rights certificate account

 

     5,200

         0

         0

Coin

 

     1,202

-        8

-      279

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

 

 8,449,758

+   17,404

+1,503,848

Securities held outright1

 

 8,063,390

+   19,937

+1,522,632

U.S. Treasury securities

 

 5,533,219

+   19,890

+  995,132

Bills2

 

   326,044

         0

         0

Notes and bonds, nominal2

 

 4,767,776

+   17,202

+  895,044

Notes and bonds, inflation-indexed2

 

   372,843

+    2,001

+   75,680

Inflation compensation3

 

    66,557

+      687

+   24,409

Federal agency debt securities2

 

     2,347

         0

         0

Mortgage-backed securities4

 

 2,527,824

+       47

+  527,500

Unamortized premiums on securities held outright5

 

   354,701

+       32

+   15,538

Unamortized discounts on securities held outright5

 

   -16,650

-      335

-   11,978

Repurchase agreements6

 

         0

         0

-    1,000

Loans7

 

    48,317

-    2,229

-   21,343

Net portfolio holdings of Commercial Paper Funding Facility II LLC8

 

         0

         0

-    8,559

Net portfolio holdings of Corporate Credit Facilities LLC8

 

       515

         0

-   45,148

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

 

    30,507

+      218

-   11,176

Net portfolio holdings of Municipal Liquidity Facility LLC8

 

     9,783

+        1

-    6,769

Net portfolio holdings of TALF II LLC8

 

     4,490

-        6

-    7,776

Items in process of collection

(0)

        71

+       16

+       18

Bank premises

 

     1,449

-       16

-      741

Central bank liquidity swaps9

 

       332

+        9

-    6,916

Foreign currency denominated assets10

 

    20,684

-       38

-      960

Other assets11

 

    39,843

+    1,110

+    1,850

 

 

 

 

 

Total assets

(0)

 8,574,871

+   18,690

+1,417,392

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
Nov 3, 2021

Change since

Wednesday

Wednesday

Oct 27, 2021

Nov 4, 2020

Liabilities

 

 

 

 

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

 

 2,158,089

+    2,174

+  156,955

Reverse repurchase agreements12

 

 1,657,066

-   64,418

+1,464,029

Deposits

(0)

 4,684,063

+   78,848

-  114,973

Term deposits held by depository institutions

 

         0

         0

         0

Other deposits held by depository institutions

 

 4,149,830

+   26,676

+1,170,293

U.S. Treasury, General Account

 

   286,959

+   50,464

-1,331,609

Foreign official

 

     5,647

+      381

-   15,617

Other13

(0)

   241,627

+    1,327

+   61,961

Deferred availability cash items

(0)

       188

-      460

+       33

Treasury contributions to credit facilities14

 

    26,397

         0

-   87,603

Other liabilities and accrued dividends15

 

     9,200

+    2,541

-    1,695

 

 

 

 

 

Total liabilities

(0)

 8,535,005

+   18,687

+1,416,747

 

 

 

 

 

Capital accounts

 

 

 

 

Capital paid in

 

    33,081

+        4

+      685

Surplus

 

     6,785

         0

-       40

Other capital accounts

 

         0

         0

         0

 

 

 

 

 

Total capital

 

    39,866

+        4

+      645

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, November 3, 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

     1,202

        14

        18

       114

        46

       175

       103

       229

        17

        31

        87

       148

       218

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

 8,449,758

   140,429

 4,755,396

   177,616

   315,440

   563,720

   492,600

   458,820

   110,087

    80,967

   112,237

   371,958

   870,489

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

    30,507

    30,507

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Municipal Liquidity Facility LLC2

     9,783

         0

     9,783

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of TALF II LLC2

     4,490

         0

     4,490

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Central bank liquidity swaps3

       332

        15

       112

        12

        29

        69

        15

        13

         6

         3

         4

         6

        49

Foreign currency denominated

 

 

 

 

 

 

 

 

 

 

 

 

 

assets4

    20,684

       939

     6,953

       743

     1,788

     4,304

       935

       810

       393

       176

       224

       373

     3,046

Other assets5

    41,362

       785

    21,928

       970

     1,574

     3,051

     2,544

     2,283

       700

       513

       865

     1,930

     4,218

Interdistrict settlement account

         0

+   28,333

-  460,834

+   13,325

+   42,040

+   12,224

+   67,826

+  114,957

+   24,411

-    1,310

+   18,464

+   60,027

+   80,536

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 8,574,871

   201,554

 4,343,784

   193,303

   361,669

   584,731

   566,213

   578,248

   136,089

    80,652

   132,335

   435,663

   960,630

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, November 3, 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

 2,158,089

    70,840

   689,599

    61,453

   103,478

   153,331

   318,192

   120,611

    64,436

    32,777

    54,809

   194,488

   294,076

Reverse repurchase agreements6

 1,657,066

    27,691

   936,667

    34,999

    60,294

   111,037

    97,091

    90,426

    21,604

    12,822

    22,004

    73,278

   169,153

Deposits

 4,684,063

    86,233

 2,688,285

    95,063

   193,625

   311,299

   148,746

   365,092

    48,996

    34,616

    54,837

   166,554

   490,718

Depository institutions

 4,149,830

    86,215

 2,351,768

    95,062

   193,584

   310,357

   148,613

   169,792

    48,987

    34,424

    54,115

   166,260

   490,654

U.S. Treasury, General Account

   286,959

         0

   286,959

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     5,647

         2

     5,620

         1

         3

         8

         2

         2

         1

         0

         0

         1

         6

Other7

   241,627

        16

    43,938

         0

        37

       934

       131

   195,299

         8

       192

       722

       293

        57

Earnings remittances due to the U.S. Treasury8

     2,440

        55

     1,339

        51

        83

       192

       152

       118

        58

        25

        36

        99

       233

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

     6,948

    -1,604

     4,727

       237

       294

       668

       620

       459

       193

       185

       227

       329

       613

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total liabilities

 8,535,005

   199,787

 4,330,442

   191,803

   357,773

   576,526

   564,801

   576,706

   135,287

    80,425

   131,914

   434,748

   954,793

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital paid in

    33,081

     1,459

    11,062

     1,256

     3,309

     6,793

     1,105

     1,276

       673

       170

       348

       792

     4,838

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

 8,574,871

   201,554

 4,343,784

   193,303

   361,669

   584,731

   566,213

   578,248

   136,089

    80,652

   132,335

   435,663

   960,630

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, November 3, 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

Nov 3, 2021

Federal Reserve notes outstanding

 2,410,987

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

   252,898

Federal Reserve notes to be collateralized

 2,158,089

Collateral held against Federal Reserve notes

 2,158,089

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

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

 2,141,852

Other assets pledged

         0

Memo:

 

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

 8,063,390

Less: Face value of securities under reverse repurchase agreements

 1,614,369

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

 6,449,021

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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