Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: Thursday, April 21, 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

April 21, 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
Apr 20, 2022

Week ended
Apr 20, 2022

Change from week ended

Apr 13, 2022

Apr 21, 2021

Reserve Bank credit

 8,916,249

+   10,135

+1,154,428

 8,919,111

Securities held outright1

 8,492,347

+    9,412

+1,260,018

 8,496,070

U.S. Treasury securities

 5,752,453

-    9,233

+  761,063

 5,763,035

Bills2

   326,044

         0

         0

   326,044

Notes and bonds, nominal2

 4,963,585

-      294

+  674,530

 4,975,463

Notes and bonds, inflation-indexed2

   382,287

-    8,553

+   52,757

   380,862

Inflation compensation3

    80,537

-      386

+   33,776

    80,667

Federal agency debt securities2

     2,347

         0

         0

     2,347

Mortgage-backed securities4

 2,737,547

+   18,645

+  498,955

 2,730,687

Unamortized premiums on securities held outright5

   343,055

-      726

-    8,387

   342,411

Unamortized discounts on securities held outright5

   -22,385

-      725

-   11,272

   -23,052

Repurchase agreements6

         0

-        9

         0

         0

Foreign official

         0

         0

         0

         0

Others

         0

-        9

         0

         0

Loans

    23,589

+      329

-   43,417

    24,354

Primary credit

     1,268

+      825

+      399

     2,181

Secondary credit

         0

         0

         0

         0

Seasonal credit

         0

         0

         0

         0

Primary Dealer Credit Facility

         0

         0

-        4

         0

Money Market Mutual Fund Liquidity Facility

         0

         0

         0

         0

Paycheck Protection Program Liquidity Facility

    22,321

-      496

-   43,813

    22,173

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Commercial Paper Funding Facility II LLC7

         0

         0

-    8,556

         0

Net portfolio holdings of Corporate Credit Facilities LLC7

         0

         0

-   25,961

         0

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

    28,708

-      169

-    2,179

    28,476

Net portfolio holdings of Municipal Liquidity Facility LLC7

     6,655

+        1

-    4,761

     6,656

Net portfolio holdings of TALF II LLC7

     2,512

+        1

-    2,771

     2,512

Float

      -105

+       28

-       11

      -155

Central bank liquidity swaps8

       237

+        4

-      436

       237

Other Federal Reserve assets9

    41,636

+    1,990

+    2,162

    41,600

Foreign currency denominated assets10

    19,003

-      197

-    2,577

    19,001

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding11

    51,037

+       14

+      490

    51,037

 

 

 

 

 

Total factors supplying reserve funds

 9,002,530

+    9,951

+1,152,341

 9,005,390

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
Apr 20, 2022

Week ended
Apr 20, 2022

Change from week ended

Apr 13, 2022

Apr 21, 2021

Currency in circulation11

 2,270,105

-      186

+  111,936

 2,270,489

Reverse repurchase agreements12

 2,023,558

+   21,741

+1,747,148

 2,164,277

Foreign official and international accounts

   273,563

+   24,724

+   47,342

   297,717

Others

 1,749,996

-    2,982

+1,699,807

 1,866,560

Treasury cash holdings

        81

+        5

+       14

        86

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

   986,273

+  158,780

-  501,918

 1,175,344

Term deposits held by depository institutions

         0

         0

         0

         0

U.S. Treasury, General Account

   711,406

+  164,098

-  304,496

   907,526

Foreign official

    10,348

+    2,486

-   20,898

    10,077

Other13

   264,520

-    7,803

-  176,523

   257,741

Treasury contributions to credit facilities14

    21,258

         0

-   29,020

    21,258

Other liabilities and capital15

    49,153

+    1,154

-    2,467

    47,079

 

 

 

 

 

Total factors, other than reserve balances,
absorbing reserve funds

 5,350,429

+  181,495

+1,325,695

 5,678,533

 

 

 

 

 

Reserve balances with Federal Reserve Banks

 3,652,101

-  171,543

-  173,354

 3,326,857

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
Apr 20, 2022

Week ended
Apr 20, 2022

Change from week ended

Apr 13, 2022

Apr 21, 2021

Securities held in custody for foreign official and international accounts

 3,445,586

-   15,402

-  114,180

 3,448,822

Marketable U.S. Treasury securities1

 3,026,090

-   24,166

-   91,333

 3,033,083

Federal agency debt and mortgage-backed securities2

   337,538

+    8,805

-   17,037

   333,808

Other securities3

    81,957

-       42

-    5,810

    81,932

Securities lent to dealers

    42,684

-    2,059

+    9,505

    38,894

Overnight facility4

    42,684

-    2,059

+    9,505

    38,894

U.S. Treasury securities

    42,684

-    2,059

+    9,505

    38,894

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, April 20, 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

     1,678

       889

         0

    21,786

         0

...

    24,354

U.S. Treasury securities2

 

 

 

 

 

 

 

Holdings

    83,731

   327,570

   769,484

 2,158,441

 1,016,826

 1,406,984

 5,763,035

Weekly changes

+    3,510

+    2,043

-    7,949

-   10,060

+   10,271

+    3,168

+      981

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

        49

     2,095

    63,789

 2,664,754

 2,730,687

Weekly changes

         0

         0

+        1

-       10

-      575

-    8,914

-    9,498

Loan participations held by MS

 

 

 

 

 

 

 

Facilities LLC (Main Street Lending

 

 

 

 

 

 

 

Program)5

         0

         0

         0

    14,511

...

...

    14,511

Municipal notes held by Municipal

 

 

 

 

 

 

 

Liquidity Facility LLC6

         0

         0

         0

     2,907

...

...

     2,907

Loans held by TALF II LLC7

         0

         0

         0

     1,250

...

...

     1,250

Repurchase agreements8

         0

         0

...

...

...

...

         0

Central bank liquidity swaps9

       237

         0

         0

         0

         0

         0

       237

Reverse repurchase agreements8

 2,164,277

         0

...

...

...

...

 2,164,277

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 (PPPLF) and other credit extensions. A component of PPPLF loans presented in the Within 15 day category has reached maturity and is recognized as performing loans based upon the underlying guarantee of the collateral by the Small Business Administration. 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

Apr 20, 2022

Mortgage-backed securities held outright1

 2,730,687

Residential mortgage-backed securities

 2,721,694

Commercial mortgage-backed securities

     8,993

 

 

Commitments to buy mortgage-backed securities2

    40,900

Commitments to sell mortgage-backed securities2

         0

 

 

Cash and cash equivalents3

        95

 

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 Apr 20, 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)

    14,147

    12,496

    15,980

    28,476

Municipal Liquidity Facility LLC

     2,907

     2,907

     3,749

     6,656

TALF II LLC

     1,311

     1,250

     1,262

     2,512

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
Apr 20, 2022

Change since

Wednesday

Wednesday

Apr 13, 2022

Apr 21, 2021

Assets

 

 

 

 

Gold certificate account

 

    11,037

         0

         0

Special drawing rights certificate account

 

     5,200

         0

         0

Coin

 

     1,284

-        6

-      115

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

 

 8,839,783

-    9,765

+1,180,838

Securities held outright1

 

 8,496,070

-    8,516

+1,246,428

U.S. Treasury securities

 

 5,763,035

+      981

+  762,729

Bills2

 

   326,044

         0

         0

Notes and bonds, nominal2

 

 4,975,463

+   11,584

+  678,389

Notes and bonds, inflation-indexed2

 

   380,862

-    9,978

+   50,647

Inflation compensation3

 

    80,667

-      625

+   33,694

Federal agency debt securities2

 

     2,347

         0

         0

Mortgage-backed securities4

 

 2,730,687

-    9,498

+  483,698

Unamortized premiums on securities held outright5

 

   342,411

-    1,148

-    8,863

Unamortized discounts on securities held outright5

 

   -23,052

-    1,196

-   11,785

Repurchase agreements6

 

         0

-        1

         0

Loans7

 

    24,354

+    1,096

-   44,942

Net portfolio holdings of Commercial Paper Funding Facility II LLC8

 

         0

         0

-    8,556

Net portfolio holdings of Corporate Credit Facilities LLC8

 

         0

         0

-   25,975

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

 

    28,476

-      410

-    2,416

Net portfolio holdings of Municipal Liquidity Facility LLC8

 

     6,656

+        1

-    4,762

Net portfolio holdings of TALF II LLC8

 

     2,512

         0

-    2,771

Items in process of collection

(0)

        64

-       22

+        1

Bank premises

 

     1,070

-       47

-      848

Central bank liquidity swaps9

 

       237

+        4

-      436

Foreign currency denominated assets10

 

    19,001

-      151

-    2,643

Other assets11

 

    40,530

+      757

+    2,585

 

 

 

 

 

Total assets

(0)

 8,955,851

-    9,636

+1,134,903

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
Apr 20, 2022

Change since

Wednesday

Wednesday

Apr 13, 2022

Apr 21, 2021

Liabilities

 

 

 

 

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

 

 2,220,817

-      820

+  109,639

Reverse repurchase agreements12

 

 2,164,277

+   93,945

+1,861,487

Deposits

(0)

 4,502,201

-  100,948

-  803,574

Term deposits held by depository institutions

 

         0

         0

         0

Other deposits held by depository institutions

 

 3,326,857

-  466,462

-  440,597

U.S. Treasury, General Account

 

   907,526

+  363,990

-   95,917

Foreign official

 

    10,077

+      905

-   19,787

Other13

(0)

   257,741

+      619

-  247,272

Deferred availability cash items

(0)

       218

-       52

+       55

Treasury contributions to credit facilities14

 

    21,258

         0

-   29,020

Other liabilities and accrued dividends15

 

     5,835

-    1,787

-    5,660

 

 

 

 

 

Total liabilities

(0)

 8,914,606

-    9,663

+1,132,927

 

 

 

 

 

Capital accounts

 

 

 

 

Capital paid in

 

    34,460

+       27

+    1,976

Surplus

 

     6,785

         0

         0

Other capital accounts

 

         0

         0

         0

 

 

 

 

 

Total capital

 

    41,245

+       27

+    1,976

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, April 20, 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

       544

     5,271

       537

       763

     1,203

     2,247

     1,093

       461

       263

       440

     1,279

     2,136

Coin

     1,284

        19

        26

       113

        50

       188

       104

       234

        25

        44

        94

       157

       231

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

 8,839,783

   176,520

 4,524,783

   202,538

   356,285

   614,555

   576,770

   602,768

   138,597

    70,708

   137,872

   452,055

   986,334

Net portfolio holdings of MS

 

 

 

 

 

 

 

 

 

 

 

 

 

Facilities LLC (Main Street Lending

 

 

 

 

 

 

 

 

 

 

 

 

 

Program)2

    28,476

    28,476

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Municipal Liquidity Facility LLC2

     6,656

         0

     6,656

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of TALF II LLC2

     2,512

         0

     2,512

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Central bank liquidity swaps3

       237

        10

        83

         9

        23

        48

         8

         9

         5

         1

         2

         6

        34

Foreign currency denominated

 

 

 

 

 

 

 

 

 

 

 

 

 

assets4

    19,001

       818

     6,619

       705

     1,857

     3,810

       618

       720

       382

        96

       196

       456

     2,724

Other assets5

    41,664

       919

    20,292

     1,044

     1,717

     3,189

     2,779

     2,796

       777

       474

       940

     2,197

     4,541

Interdistrict settlement account

         0

-   14,440

+  260,202

-   24,981

-   59,726

-   77,593

+    2,012

+   10,593

+    6,237

+    2,245

-    3,833

+    2,071

-  102,789

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 8,955,851

   192,866

 4,826,442

   179,965

   300,969

   545,399

   584,538

   618,213

   146,484

    73,831

   135,711

   458,222

   893,210

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, April 20, 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

 2,220,817

    72,958

   703,976

    60,287

   103,831

   153,171

   333,945

   129,546

    67,563

    34,227

    58,367

   192,733

   310,213

Reverse repurchase agreements6

 2,164,277

    43,329

 1,109,628

    49,721

    86,426

   150,821

   141,601

   147,949

    33,991

    15,346

    33,785

   110,962

   240,719

Deposits

 4,502,201

    60,051

 2,990,406

    68,213

   106,466

   232,203

   106,933

   338,649

    43,831

    23,826

    42,899

   153,119

   335,607

Depository institutions

 3,326,857

    60,036

 2,024,745

    68,212

   106,414

   231,350

   106,890

   130,815

    43,825

    23,315

    42,868

   152,817

   335,571

U.S. Treasury, General Account

   907,526

         0

   907,526

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

    10,077

         2

    10,051

         1

         4

         8

         1

         2

         1

         0

         0

         1

         6

Other7

   257,741

        13

    48,084

         0

        48

       845

        41

   207,832

         5

       511

        31

       300

        31

Earnings remittances due to the U.S. Treasury8

     2,639

        47

     1,353

        60

       108

       175

       185

       176

        39

        20

        38

       143

       294

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

     3,414

    -1,163

     1,440

       188

       215

       591

       543

       385

       169

       155

       192

       252

       447

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total liabilities

 8,914,606

   190,895

 4,812,387

   178,469

   297,045

   536,962

   583,207

   616,706

   145,593

    73,574

   135,281

   457,208

   887,281

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital paid in

    34,460

     1,679

    11,693

     1,244

     3,261

     7,077

     1,110

     1,250

       755

       223

       361

       850

     4,957

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

 8,955,851

   192,866

 4,826,442

   179,965

   300,969

   545,399

   584,538

   618,213

   146,484

    73,831

   135,711

   458,222

   893,210

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, April 20, 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

Apr 20, 2022

Federal Reserve notes outstanding

 2,506,454

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

   285,637

Federal Reserve notes to be collateralized

 2,220,817

Collateral held against Federal Reserve notes

 2,220,817

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

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

 2,204,580

Other assets pledged

         0

Memo:

 

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

 8,496,070

Less: Face value of securities under reverse repurchase agreements

 2,269,005

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

 6,227,065

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