Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: Thursday, February 10, 2022
Release dates | Data Download Program (DDP) | About | Announcements | Technical Q&As
Current release  Other formats: Screen reader | PDF (21 KB)
Try data download now image link

 

FEDERAL RESERVE statistical release

 

H.4.1

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

February 10, 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 9, 2022

Week ended
Feb 9, 2022

Change from week ended

Feb 2, 2022

Feb 10, 2021

Reserve Bank credit

 8,837,698

+   10,189

+1,449,668

 8,839,900

Securities held outright1

 8,393,159

+    9,323

+1,534,520

 8,395,061

U.S. Treasury securities

 5,729,962

+    9,316

+  943,460

 5,731,864

Bills2

   326,044

         0

         0

   326,044

Notes and bonds, nominal2

 4,944,652

+    6,521

+  845,614

 4,946,424

Notes and bonds, inflation-indexed2

   385,089

+    2,396

+   66,725

   385,089

Inflation compensation3

    74,177

+      399

+   31,122

    74,306

Federal agency debt securities2

     2,347

         0

         0

     2,347

Mortgage-backed securities4

 2,660,850

+        7

+  591,060

 2,660,851

Unamortized premiums on securities held outright5

   351,223

-      258

+    5,179

   351,162

Unamortized discounts on securities held outright5

   -19,194

-      132

-   12,772

   -19,192

Repurchase agreements6

         0

         0

-      914

         0

Foreign official

         0

         0

-      914

         0

Others

         0

         0

         0

         0

Loans

    28,948

-    1,151

-   22,823

    28,532

Primary credit

       326

+       19

-    1,348

       394

Secondary credit

         0

         0

         0

         0

Seasonal credit

         0

         0

         0

         0

Primary Dealer Credit Facility

         0

         0

-      519

         0

Money Market Mutual Fund Liquidity Facility

         0

         0

-    1,729

         0

Paycheck Protection Program Liquidity Facility

    28,622

-    1,170

-   19,228

    28,138

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

-   26,258

         0

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

    29,250

+        7

-    4,062

    29,258

Net portfolio holdings of Municipal Liquidity Facility LLC7

     7,538

-      331

-    4,007

     7,097

Net portfolio holdings of TALF II LLC7

     2,542

-       34

-    3,862

     2,542

Float

      -116

+      365

-       48

      -117

Central bank liquidity swaps8

       207

-       57

-    8,256

       200

Other Federal Reserve assets9

    44,140

+    2,457

+    1,528

    45,357

Foreign currency denominated assets10

    20,432

+      232

-    1,481

    20,412

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding11

    51,012

+       14

+      529

    51,012

 

 

 

 

 

Total factors supplying reserve funds

 8,925,383

+   10,435

+1,448,715

 8,927,565

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 9, 2022

Week ended
Feb 9, 2022

Change from week ended

Feb 2, 2022

Feb 10, 2021

Currency in circulation11

 2,230,396

+    1,505

+  131,058

 2,231,488

Reverse repurchase agreements12

 1,913,997

+   17,018

+1,709,924

 1,907,891

Foreign official and international accounts

   260,173

-   23,262

+   56,176

   254,738

Others

 1,653,824

+   40,279

+1,653,748

 1,653,153

Treasury cash holdings

        25

-        1

-       36

        31

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

   938,295

+    8,131

-  872,346

   924,993

Term deposits held by depository institutions

         0

         0

         0

         0

U.S. Treasury, General Account

   686,384

+   10,611

-  922,522

   679,019

Foreign official

     5,218

-    1,431

-   16,741

     5,190

Other13

   246,694

-    1,048

+   66,918

   240,784

Treasury contributions to credit facilities14

    21,258

         0

-   30,520

    21,258

Other liabilities and capital15

    49,499

+    1,583

-    2,358

    46,927

 

 

 

 

 

Total factors, other than reserve balances,
absorbing reserve funds

 5,153,471

+   28,237

+  935,723

 5,132,588

 

 

 

 

 

Reserve balances with Federal Reserve Banks

 3,771,911

-   17,803

+  512,992

 3,794,977

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 9, 2022

Week ended
Feb 9, 2022

Change from week ended

Feb 2, 2022

Feb 10, 2021

Securities held in custody for foreign official and international accounts

 3,465,759

+    7,891

-   69,924

 3,460,389

Marketable U.S. Treasury securities1

 3,060,147

+    7,148

-   27,928

 3,054,240

Federal agency debt and mortgage-backed securities2

   323,067

+      151

-   35,872

   323,116

Other securities3

    82,545

+      592

-    6,124

    83,033

Securities lent to dealers

    36,769

-    5,993

+    8,380

    38,817

Overnight facility4

    36,769

-    5,993

+    8,380

    38,817

U.S. Treasury securities

    36,769

-    5,993

+    8,380

    38,817

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 9, 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

       150

       868

       342

    27,173

         0

...

    28,532

U.S. Treasury securities2

 

 

 

 

 

 

 

Holdings

   119,541

   285,648

   737,988

 2,203,535

 1,012,104

 1,373,047

 5,731,864

Weekly changes

-    1,199

+    1,399

-      180

+      138

+      106

+    3,490

+    3,755

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

    67,000

 2,591,706

 2,660,851

Weekly changes

         0

         0

         0

         0

+    7,558

-    7,553

+        6

Loan participations held by MS

 

 

 

 

 

 

 

Facilities LLC (Main Street Lending

 

 

 

 

 

 

 

Program)5

         0

         0

         0

    15,137

...

...

    15,137

Municipal notes held by Municipal

 

 

 

 

 

 

 

Liquidity Facility LLC6

         0

       451

         0

     2,907

...

...

     3,358

Loans held by TALF II LLC7

         0

         0

         0

     1,286

...

...

     1,286

Repurchase agreements8

         0

         0

...

...

...

...

         0

Central bank liquidity swaps9

       200

         0

         0

         0

         0

         0

       200

Reverse repurchase agreements8

 1,907,891

         0

...

...

...

...

 1,907,891

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 9, 2022

Mortgage-backed securities held outright1

 2,660,851

Residential mortgage-backed securities

 2,651,753

Commercial mortgage-backed securities

     9,098

 

 

Commitments to buy mortgage-backed securities2

   101,888

Commitments to sell mortgage-backed securities2

         0

 

 

Cash and cash equivalents3

         6

 

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 9, 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

    13,108

    16,150

    29,258

Municipal Liquidity Facility LLC

     3,358

     3,358

     3,739

     7,097

TALF II LLC

     1,345

     1,286

     1,256

     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 9, 2022

Change since

Wednesday

Wednesday

Feb 2, 2022

Feb 10, 2021

Assets

 

 

 

 

Gold certificate account

 

    11,037

         0

         0

Special drawing rights certificate account

 

     5,200

         0

         0

Coin

 

     1,252

-        1

-      313

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

 

 8,755,563

+    2,319

+1,491,628

Securities held outright1

 

 8,395,061

+    3,760

+1,524,023

U.S. Treasury securities

 

 5,731,864

+    3,755

+  932,963

Bills2

 

   326,044

         0

         0

Notes and bonds, nominal2

 

 4,946,424

+    3,402

+  837,252

Notes and bonds, inflation-indexed2

 

   385,089

         0

+   64,667

Inflation compensation3

 

    74,306

+      352

+   31,043

Federal agency debt securities2

 

     2,347

         0

         0

Mortgage-backed securities4

 

 2,660,851

+        6

+  591,061

Unamortized premiums on securities held outright5

 

   351,162

-      320

+    4,951

Unamortized discounts on securities held outright5

 

   -19,192

-       24

-   12,700

Repurchase agreements6

 

         0

         0

-      800

Loans7

 

    28,532

-    1,096

-   23,846

Net portfolio holdings of Commercial Paper Funding Facility II LLC8

 

         0

         0

-    8,558

Net portfolio holdings of Corporate Credit Facilities LLC8

 

         0

         0

-   26,274

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

 

    29,258

+        9

-    4,063

Net portfolio holdings of Municipal Liquidity Facility LLC8

 

     7,097

-      773

-    4,439

Net portfolio holdings of TALF II LLC8

 

     2,542

         0

-    3,863

Items in process of collection

(0)

        91

+       41

-       12

Bank premises

 

     1,382

+       10

-      828

Central bank liquidity swaps9

 

       200

-       64

-    8,263

Foreign currency denominated assets10

 

    20,412

-       34

-    1,631

Other assets11

 

    43,975

+    3,289

+    2,399

 

 

 

 

 

Total assets

(0)

 8,878,009

+    4,798

+1,435,784

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 9, 2022

Change since

Wednesday

Wednesday

Feb 2, 2022

Feb 10, 2021

Liabilities

 

 

 

 

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

 

 2,181,755

+    1,393

+  129,980

Reverse repurchase agreements12

 

 1,907,891

+    1,320

+1,695,860

Deposits

(0)

 4,719,970

+    3,377

-  353,781

Term deposits held by depository institutions

 

         0

         0

         0

Other deposits held by depository institutions

 

 3,794,977

+   38,360

+  496,338

U.S. Treasury, General Account

 

   679,019

-   31,248

-  897,725

Foreign official

 

     5,190

-      431

-   16,931

Other13

(0)

   240,784

-    3,304

+   64,536

Deferred availability cash items

(0)

       208

+        8

+       37

Treasury contributions to credit facilities14

 

    21,258

         0

-   30,520

Other liabilities and accrued dividends15

 

     6,390

-    1,281

-    7,146

 

 

 

 

 

Total liabilities

(0)

 8,837,472

+    4,816

+1,434,429

 

 

 

 

 

Capital accounts

 

 

 

 

Capital paid in

 

    33,752

-       18

+    1,356

Surplus

 

     6,785

         0

         0

Other capital accounts

 

         0

         0

         0

 

 

 

 

 

Total capital

 

    40,537

-       18

+    1,356

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 9, 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

     1,252

        16

        25

       114

        49

       180

       111

       231

        19

        36

        89

       155

       227

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

 8,755,563

   145,902

 4,937,198

   184,348

   322,622

   585,230

   511,346

   476,276

   114,034

    78,050

   116,270

   386,089

   898,200

Net portfolio holdings of MS

 

 

 

 

 

 

 

 

 

 

 

 

 

Facilities LLC (Main Street Lending

 

 

 

 

 

 

 

 

 

 

 

 

 

Program)2

    29,258

    29,258

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Municipal Liquidity Facility LLC2

     7,097

         0

     7,097

         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

       200

         9

        67

         7

        17

        42

         9

         8

         4

         2

         2

         4

        29

Foreign currency denominated

 

 

 

 

 

 

 

 

 

 

 

 

 

assets4

    20,412

       926

     6,861

       733

     1,765

     4,248

       923

       800

       388

       174

       221

       368

     3,006

Other assets5

    45,449

       850

    24,343

     1,050

     1,711

     3,341

     2,770

     2,481

       762

       553

       920

     2,095

     4,572

Interdistrict settlement account

         0

+    7,838

-  240,192

-    3,711

+    5,020

-   12,786

+   57,928

+   87,449

+   22,822

-      127

+   18,874

+   64,236

-    7,353

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 8,878,009

   185,329

 4,743,363

   183,064

   331,936

   581,442

   575,276

   568,380

   138,504

    78,960

   136,832

   454,167

   900,756

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 9, 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

 2,181,755

    72,090

   701,342

    60,224

   102,621

   152,678

   325,701

   124,850

    64,205

    32,789

    56,687

   190,237

   298,332

Reverse repurchase agreements6

 1,907,891

    31,882

 1,078,447

    40,296

    69,421

   127,844

   111,788

   104,114

    24,874

    14,763

    25,335

    84,370

   194,758

Deposits

 4,719,970

    65,010

 2,940,461

    80,796

   155,588

   292,008

   135,765

   337,339

    48,396

    30,988

    54,170

   178,201

   401,247

Depository institutions

 3,794,977

    64,983

 2,209,943

    80,794

   155,539

   291,272

   135,630

   145,189

    48,387

    30,548

    53,540

   177,977

   401,174

U.S. Treasury, General Account

   679,019

         0

   679,019

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     5,190

         2

     5,164

         1

         3

         8

         2

         2

         1

         0

         0

         1

         6

Other7

   240,784

        25

    46,336

         0

        46

       728

       133

   192,148

         8

       440

       629

       224

        68

Earnings remittances due to the U.S. Treasury8

     2,822

        40

     1,647

        56

       102

       193

       154

       147

        30

        17

        34

       117

       283

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

     3,776

    -1,254

     1,850

       197

       220

       564

       553

       388

       178

       154

       187

       263

       477

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total liabilities

 8,837,472

   183,442

 4,729,331

   181,568

   327,953

   573,288

   573,961

   566,838

   137,682

    78,711

   136,414

   453,188

   895,097

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital paid in

    33,752

     1,594

    11,669

     1,244

     3,321

     6,793

     1,094

     1,286

       685

       215

       348

       817

     4,687

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

 8,878,009

   185,329

 4,743,363

   183,064

   331,936

   581,442

   575,276

   568,380

   138,504

    78,960

   136,832

   454,167

   900,756

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 9, 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 9, 2022

Federal Reserve notes outstanding

 2,462,202

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

   280,447

Federal Reserve notes to be collateralized

 2,181,755

Collateral held against Federal Reserve notes

 2,181,755

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

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

 2,165,518

Other assets pledged

         0

Memo:

 

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

 8,395,061

Less: Face value of securities under reverse repurchase agreements

 1,902,901

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

 6,492,161

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

1.

Includes face value of U.S. Treasury, agency debt, and mortgage-backed securities held outright, compensation to adjust for the effect of inflation on the original face value of inflation-indexed securities, and cash value of repurchase agreements.

2.

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

 

 

 


Release dates | Data Download Program (DDP) | About | Announcements | Technical Q&As
Current release   Other formats: Screen reader | PDF (21 KB)

Statistical releases