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FEDERAL RESERVE statistical release

 

 

For Release at

4:30 P.M. Eastern time

February 3, 2022

 

 

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 December 31, 2021.

 

 

 

 

 


 

FEDERAL RESERVE statistical release

 

H.4.1

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

February 3, 2022

 

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
Feb 2, 2022

Week ended
Feb 2, 2022

Change from week ended

Jan 26, 2022

Feb 3, 2021

Reserve Bank credit

 8,827,509

-   10,992

+1,460,675

 8,835,075

Securities held outright1

 8,383,836

-    9,033

+1,542,923

 8,391,301

U.S. Treasury securities

 5,720,646

+   13,962

+  951,862

 5,728,109

Bills2

   326,044

         0

         0

   326,044

Notes and bonds, nominal2

 4,938,131

+   10,232

+  854,581

 4,943,022

Notes and bonds, inflation-indexed2

   382,693

+    2,909

+   66,387

   385,089

Inflation compensation3

    73,778

+      820

+   30,894

    73,954

Federal agency debt securities2

     2,347

         0

         0

     2,347

Mortgage-backed securities4

 2,660,843

-   22,994

+  591,060

 2,660,845

Unamortized premiums on securities held outright5

   351,481

-      861

+    6,300

   351,482

Unamortized discounts on securities held outright5

   -19,062

-      106

-   12,817

   -19,168

Repurchase agreements6

         0

         0

-    1,000

         0

Foreign official

         0

         0

-    1,000

         0

Others

         0

         0

         0

         0

Loans

    30,099

-      927

-   20,743

    29,628

Primary credit

       307

-      115

-    1,536

       268

Secondary credit

         0

         0

         0

         0

Seasonal credit

         0

         0

         0

         0

Primary Dealer Credit Facility

         0

         0

-      531

         0

Money Market Mutual Fund Liquidity Facility

         0

         0

-    1,861

         0

Paycheck Protection Program Liquidity Facility

    29,792

-      813

-   16,815

    29,361

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Commercial Paper Funding Facility II LLC7

         0

         0

-    8,558

         0

Net portfolio holdings of Corporate Credit Facilities LLC7

         0

         0

-   26,289

         0

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

    29,243

+      305

-    4,061

    29,249

Net portfolio holdings of Municipal Liquidity Facility LLC7

     7,869

+        1

-    3,743

     7,870

Net portfolio holdings of TALF II LLC7

     2,576

-       25

-    3,867

     2,542

Float

      -481

-      281

-       64

      -150

Central bank liquidity swaps8

       264

-        1

-    8,415

       264

Other Federal Reserve assets9

    41,683

-       65

+    1,007

    42,057

Foreign currency denominated assets10

    20,200

-      202

-    1,813

    20,446

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding11

    50,998

+       14

+      522

    50,998

 

 

 

 

 

Total factors supplying reserve funds

 8,914,948

-   11,180

+1,459,384

 8,922,761

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
Feb 2, 2022

Week ended
Feb 2, 2022

Change from week ended

Jan 26, 2022

Feb 3, 2021

Currency in circulation11

 2,228,891

-    1,974

+  131,500

 2,230,088

Reverse repurchase agreements12

 1,896,979

-   43,998

+1,673,390

 1,906,571

Foreign official and international accounts

   283,435

+    3,010

+   63,297

   279,676

Others

 1,613,545

-   47,007

+1,610,094

 1,626,895

Treasury cash holdings

        26

+        1

-       23

        24

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

   930,164

+   41,548

-  909,998

   959,976

Term deposits held by depository institutions

         0

         0

         0

         0

U.S. Treasury, General Account

   675,773

+   60,896

-  949,552

   710,267

Foreign official

     6,649

-    1,274

-   15,200

     5,621

Other13

   247,742

-   18,074

+   54,754

   244,088

Treasury contributions to credit facilities14

    21,258

         0

-   30,520

    21,258

Other liabilities and capital15

    47,916

-      297

-    1,561

    48,227

 

 

 

 

 

Total factors, other than reserve balances,
absorbing reserve funds

 5,125,234

-    4,720

+  862,788

 5,166,144

 

 

 

 

 

Reserve balances with Federal Reserve Banks

 3,789,714

-    6,460

+  596,596

 3,756,617

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 $15.7 billion, Municipal Liquidity Facility LLC of $4.2 billion, and TALF II LLC of $1.4 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
Feb 2, 2022

Week ended
Feb 2, 2022

Change from week ended

Jan 26, 2022

Feb 3, 2021

Securities held in custody for foreign official and international accounts

 3,457,868

-      324

-   73,425

 3,466,187

Marketable U.S. Treasury securities1

 3,052,999

+      500

-   30,741

 3,061,188

Federal agency debt and mortgage-backed securities2

   322,916

-      642

-   36,234

   323,050

Other securities3

    81,953

-      182

-    6,450

    81,949

Securities lent to dealers

    42,762

+    5,143

+    7,934

    42,502

Overnight facility4

    42,762

+    5,143

+    7,934

    42,502

U.S. Treasury securities

    42,762

+    5,143

+    7,934

    42,502

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, February 2, 2022

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

        37

       700

       618

    28,274

         0

...

    29,628

U.S. Treasury securities2

 

 

 

 

 

 

 

Holdings

   120,740

   284,249

   738,168

 2,203,397

 1,011,998

 1,369,557

 5,728,109

Weekly changes

+   29,508

-   42,315

+   16,224

+    5,750

-    2,479

+    5,205

+   11,892

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

         1

        37

     2,106

    59,442

 2,599,259

 2,660,845

Weekly changes

         0

         0

+        8

+      206

-      214

+       24

+       25

Loan participations held by MS

 

 

 

 

 

 

 

Facilities LLC (Main Street Lending

 

 

 

 

 

 

 

Program)5

         0

         0

         0

    15,256

...

...

    15,256

Municipal notes held by Municipal

 

 

 

 

 

 

 

Liquidity Facility LLC6

         0

       451

         0

     2,907

...

...

     3,358

Loans held by TALF II LLC7

         0

         0

         0

     1,291

...

...

     1,291

Repurchase agreements8

         0

         0

...

...

...

...

         0

Central bank liquidity swaps9

       264

         0

         0

         0

         0

         0

       264

Reverse repurchase agreements8

 1,906,571

         0

...

...

...

...

 1,906,571

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

Feb 2, 2022

Mortgage-backed securities held outright1

 2,660,845

Residential mortgage-backed securities

 2,651,747

Commercial mortgage-backed securities

     9,098

 

 

Commitments to buy mortgage-backed securities2

    84,098

Commitments to sell mortgage-backed securities2

         0

 

 

Cash and cash equivalents3

         2

 

1.

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

2.

Current face value. Includes residential and commercial mortgage-backed securities. Residential mortgage-backed securities generally settle within 180 calendar days and include commitments associated with outright transactions, dollar rolls, and coupon swaps. Commercial mortgage-backed securities generally settle within three business days.

3.

This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5 and table 6.


 

 


 

4. Information on Principal Accounts of Credit Facilities LLCs

Millions of dollars

Credit Facilities LLCs:

Wednesday Feb 2, 2022

 

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

MS Facilities LLC (Main Street Lending Program)

    15,011

    13,227

    16,023

    29,249

Municipal Liquidity Facility LLC

     4,131

     3,358

     4,512

     7,870

TALF II LLC

     1,345

     1,291

     1,251

     2,542

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

 

    updated as of December 31, 2021.

 

b. 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.

 

c. 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
Feb 2, 2022

Change since

Wednesday

Wednesday

Jan 26, 2022

Feb 3, 2021

Assets

 

 

 

 

Gold certificate account

 

    11,037

         0

         0

Special drawing rights certificate account

 

     5,200

         0

         0

Coin

 

     1,253

+        9

-      316

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

 

 8,753,244

+   10,651

+1,517,864

Securities held outright1

 

 8,391,301

+   11,917

+1,547,091

U.S. Treasury securities

 

 5,728,109

+   11,892

+  956,035

Bills2

 

   326,044

         0

         0

Notes and bonds, nominal2

 

 4,943,022

+    7,808

+  857,985

Notes and bonds, inflation-indexed2

 

   385,089

+    3,592

+   67,068

Inflation compensation3

 

    73,954

+      491

+   30,982

Federal agency debt securities2

 

     2,347

         0

         0

Mortgage-backed securities4

 

 2,660,845

+       25

+  591,056

Unamortized premiums on securities held outright5

 

   351,482

-      128

+    5,841

Unamortized discounts on securities held outright5

 

   -19,168

-      197

-   12,833

Repurchase agreements6

 

         0

         0

-    1,000

Loans7

 

    29,628

-      943

-   21,237

Net portfolio holdings of Commercial Paper Funding Facility II LLC8

 

         0

         0

-    8,558

Net portfolio holdings of Corporate Credit Facilities LLC8

 

         0

         0

-   26,290

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

 

    29,249

+      304

-    4,062

Net portfolio holdings of Municipal Liquidity Facility LLC8

 

     7,870

+        1

-    3,743

Net portfolio holdings of TALF II LLC8

 

     2,542

-       60

-    3,862

Items in process of collection

(0)

        50

+        1

-       23

Bank premises

 

     1,372

-       11

-      833

Central bank liquidity swaps9

 

       264

-        1

-    8,415

Foreign currency denominated assets10

 

    20,446

+      121

-    1,450

Other assets11

 

    40,686

+    1,712

+    2,303

 

 

 

 

 

Total assets

(0)

 8,873,211

+   12,726

+1,462,613

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
Feb 2, 2022

Change since

Wednesday

Wednesday

Jan 26, 2022

Feb 3, 2021

Liabilities

 

 

 

 

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

 

 2,180,362

+       91

+  130,056

Reverse repurchase agreements12

 

 1,906,571

+   15,381

+1,697,638

Deposits

(0)

 4,716,593

-    4,301

-  332,601

Term deposits held by depository institutions

 

         0

         0

         0

Other deposits held by depository institutions

 

 3,756,617

-   68,459

+  553,895

U.S. Treasury, General Account

 

   710,267

+   70,647

-  919,462

Foreign official

 

     5,621

-    1,049

-   16,233

Other13

(0)

   244,088

-    5,440

+   49,199

Deferred availability cash items

(0)

       200

-      371

+       62

Treasury contributions to credit facilities14

 

    21,258

         0

-   30,520

Other liabilities and accrued dividends15

 

     7,671

+    1,877

-    3,374

 

 

 

 

 

Total liabilities

(0)

 8,832,656

+   12,678

+1,461,261

 

 

 

 

 

Capital accounts

 

 

 

 

Capital paid in

 

    33,770

+       48

+    1,392

Surplus

 

     6,785

         0

-       40

Other capital accounts

 

         0

         0

         0

 

 

 

 

 

Total capital

 

    40,555

+       48

+    1,352

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 $15.7 billion, Municipal Liquidity Facility LLC of $4.2 billion, and TALF II LLC of $1.4 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, February 2, 2022

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

     1,253

        16

        23

       112

        48

       180

       113

       230

        21

        36

        90

       157

       226

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

 8,753,244

   145,826

 4,935,244

   184,284

   322,791

   584,994

   511,147

   476,099

   114,028

    78,489

   116,252

   385,942

   898,149

Net portfolio holdings of MS

 

 

 

 

 

 

 

 

 

 

 

 

 

Facilities LLC (Main Street Lending

 

 

 

 

 

 

 

 

 

 

 

 

 

Program)2

    29,249

    29,249

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Municipal Liquidity Facility LLC2

     7,870

         0

     7,870

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of TALF II LLC2

     2,542

         0

     2,542

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Central bank liquidity swaps3

       264

        12

        89

         9

        23

        55

        12

        10

         5

         2

         3

         5

        39

Foreign currency denominated

 

 

 

 

 

 

 

 

 

 

 

 

 

assets4

    20,446

       923

     6,941

       730

     1,759

     4,233

       920

       797

       387

       173

       220

       367

     2,996

Other assets5

    42,107

       796

    22,489

       980

     1,592

     3,106

     2,537

     2,301

       718

       525

       877

     1,949

     4,238

Interdistrict settlement account

         0

+    9,299

-  250,304

-    2,172

-      852

-   16,166

+   58,303

+   87,326

+   22,047

-       18

+   19,868

+   69,341

+    3,329

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 8,873,211

   186,652

 4,730,315

   184,467

   326,113

   577,588

   575,220

   567,899

   137,680

    79,481

   137,765

   458,980

   911,052

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, February 2, 2022 (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

 2,180,362

    72,105

   701,077

    60,658

   102,475

   152,852

   325,817

   124,568

    64,014

    32,704

    56,607

   190,275

   297,211

Reverse repurchase agreements6

 1,906,571

    31,860

 1,077,700

    40,268

    69,373

   127,756

   111,710

   104,042

    24,857

    14,752

    25,318

    84,312

   194,623

Deposits

 4,716,593

    66,351

 2,927,023

    81,804

   149,989

   288,107

   135,684

   337,234

    47,769

    31,596

    55,189

   183,041

   412,806

Depository institutions

 3,756,617

    66,324

 2,159,780

    81,803

   149,916

   286,981

   135,552

   147,269

    47,761

    31,004

    54,618

   182,868

   412,742

U.S. Treasury, General Account

   710,267

         0

   710,267

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     5,621

         2

     5,595

         1

         3

         8

         2

         2

         1

         0

         0

         1

         6

Other7

   244,088

        25

    51,381

         0

        69

     1,118

       131

   189,964

         8

       592

       571

       172

        57

Earnings remittances due to the U.S. Treasury8

     3,897

        45

     2,715

        51

        83

       169

       164

       141

        49

        30

        48

       121

       281

Treasury contributions to credit facilities9

    21,258

    15,674

     5,584

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Other liabilities and accrued
dividends

     3,974

    -1,270

     2,183

       190

       212

       551

       530

       372

       170

       149

       185

       253

       450

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total liabilities

 8,832,656

   184,765

 4,716,283

   182,971

   322,131

   569,434

   573,905

   566,357

   136,859

    79,232

   137,346

   458,001

   905,371

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital paid in

    33,770

     1,594

    11,669

     1,244

     3,319

     6,793

     1,094

     1,285

       685

       215

       348

       816

     4,708

Surplus

     6,785

       292

     2,363

       252

       663

     1,361

       221

       257

       137

        34

        70

       163

       973

Other capital

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total liabilities and capital

 8,873,211

   186,652

 4,730,315

   184,467

   326,113

   577,588

   575,220

   567,899

   137,680

    79,481

   137,765

   458,980

   911,052

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, February 2, 2022 (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 $15.7 billion, Municipal Liquidity Facility LLC of $4.2 billion, and TALF II LLC of $1.4 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

Feb 2, 2022

Federal Reserve notes outstanding

 2,457,608

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

   277,245

Federal Reserve notes to be collateralized

 2,180,362

Collateral held against Federal Reserve notes

 2,180,362

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

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

 2,164,126

Other assets pledged

         0

Memo:

 

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

 8,391,301

Less: Face value of securities under reverse repurchase agreements

 1,883,808

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

 6,507,492

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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