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Release Date: Thursday, June 9, 2022
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FEDERAL RESERVE statistical release

 

H.4.1

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

June 9, 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
Jun 8, 2022

Week ended
Jun 8, 2022

Change from week ended

Jun 1, 2022

Jun 9, 2021

Reserve Bank credit

 8,880,563

+    1,522

+  975,178

 8,882,034

Securities held outright1

 8,480,960

+      775

+1,109,794

 8,481,186

U.S. Treasury securities

 5,771,167

+      776

+  646,618

 5,771,393

Bills2

   326,044

         0

         0

   326,044

Notes and bonds, nominal2

 4,973,358

-    1,504

+  570,905

 4,973,358

Notes and bonds, inflation-indexed2

   382,966

+    1,503

+   38,623

   382,966

Inflation compensation3

    88,798

+      776

+   37,088

    89,024

Federal agency debt securities2

     2,347

         0

         0

     2,347

Mortgage-backed securities4

 2,707,446

         0

+  463,176

 2,707,446

Unamortized premiums on securities held outright5

   336,730

-      599

-   12,654

   336,545

Unamortized discounts on securities held outright5

   -24,511

-       49

-   10,771

   -24,482

Repurchase agreements6

         0

         0

         0

         0

Foreign official

         0

         0

         0

         0

Others

         0

         0

         0

         0

Loans

    20,574

-      280

-   65,935

    20,731

Primary credit

       929

+       50

+      443

     1,191

Secondary credit

         0

         0

         0

         0

Seasonal credit

         3

+        1

-        6

         4

Primary Dealer Credit Facility

         0

         0

         0

         0

Paycheck Protection Program Liquidity Facility

    19,643

-      330

-   66,371

    19,536

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Commercial Paper Funding Facility II LLC7

         0

         0

-    8,554

         0

Net portfolio holdings of Corporate Credit Facilities LLC7

         0

         0

-   25,906

         0

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

    26,677

+       10

-    3,892

    26,687

Net portfolio holdings of Municipal Liquidity Facility LLC7

     5,536

+        1

-    5,281

     5,537

Net portfolio holdings of TALF II LLC7

     2,195

-       66

-    2,566

     2,196

Float

      -156

+      513

-       47

      -135

Central bank liquidity swaps8

       183

-        9

-      333

       183

Other Federal Reserve assets9

    32,374

+    1,227

+    1,323

    33,588

Foreign currency denominated assets10

    18,667

-      175

-    3,007

    18,526

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding11

    51,135

+       14

+      549

    51,135

 

 

 

 

 

Total factors supplying reserve funds

 8,966,606

+    1,361

+  972,720

 8,967,937

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
Jun 8, 2022

Week ended
Jun 8, 2022

Change from week ended

Jun 1, 2022

Jun 9, 2021

Currency in circulation11

 2,279,182

+      298

+   99,174

 2,278,876

Reverse repurchase agreements12

 2,312,207

+   52,002

+1,601,697

 2,404,314

Foreign official and international accounts

   262,108

-    1,239

+   39,538

   264,037

Others

 2,050,098

+   53,240

+1,562,158

 2,140,277

Treasury cash holdings

        91

         0

+       53

        94

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

   967,502

-   67,030

-  159,268

   925,126

Term deposits held by depository institutions

         0

         0

         0

         0

U.S. Treasury, General Account

   723,384

-   66,148

-    6,851

   683,892

Foreign official

     7,621

+      107

-   19,767

     8,734

Other13

   236,497

-      989

-  132,650

   232,501

Treasury contributions to credit facilities14

    17,940

         0

-   32,338

    17,940

Other liabilities and capital15

    50,280

-    1,282

-    1,630

    48,985

 

 

 

 

 

Total factors, other than reserve balances,
absorbing reserve funds

 5,627,202

-   16,013

+1,507,687

 5,675,335

 

 

 

 

 

Reserve balances with Federal Reserve Banks

 3,339,405

+   17,375

-  534,966

 3,292,602

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 $13.9 billion, Municipal Liquidity Facility LLC of $2.9 billion, and TALF II LLC of $1.2 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
Jun 8, 2022

Week ended
Jun 8, 2022

Change from week ended

Jun 1, 2022

Jun 9, 2021

Securities held in custody for foreign official and international accounts

 3,394,626

-    1,059

-  153,000

 3,396,579

Marketable U.S. Treasury securities1

 2,989,758

-    1,282

-  118,137

 2,991,502

Federal agency debt and mortgage-backed securities2

   321,607

+        8

-   29,001

   321,656

Other securities3

    83,261

+      216

-    5,862

    83,421

Securities lent to dealers

    39,244

-      579

+    3,040

    42,044

Overnight facility4

    39,244

-      579

+    3,040

    42,044

U.S. Treasury securities

    39,244

-      579

+    3,040

    42,044

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, June 8, 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

       468

       752

         0

    19,510

         0

...

    20,731

U.S. Treasury securities2

 

 

 

 

 

 

 

Holdings

    55,157

   369,205

   807,534

 2,083,436

 1,026,805

 1,429,257

 5,771,393

Weekly changes

-   12,031

+   38,149

-   26,080

+      226

+      196

+      155

+      614

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

        54

     2,072

    60,997

 2,644,322

 2,707,446

Weekly changes

         0

         0

-        1

+      119

-       46

-       72

         0

Loan participations held by MS

 

 

 

 

 

 

 

Facilities LLC (Main Street Lending

 

 

 

 

 

 

 

Program)5

         0

         0

         0

    14,109

...

...

    14,109

Municipal notes held by Municipal

 

 

 

 

 

 

 

Liquidity Facility LLC6

         0

         0

         0

     2,907

...

...

     2,907

Loans held by TALF II LLC7

         0

         0

         0

     1,141

...

...

     1,141

Repurchase agreements8

         0

         0

...

...

...

...

         0

Central bank liquidity swaps9

       183

         0

         0

         0

         0

         0

       183

Reverse repurchase agreements8

 2,404,314

         0

...

...

...

...

 2,404,314

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

Jun 8, 2022

Mortgage-backed securities held outright1

 2,707,446

Residential mortgage-backed securities

 2,698,576

Commercial mortgage-backed securities

     8,870

 

 

Commitments to buy mortgage-backed securities2

    71,067

Commitments to sell mortgage-backed securities2

     4,182

 

 

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 Jun 8, 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)

    13,926

    12,240

    14,447

    26,687

Municipal Liquidity Facility LLC

     2,907

     2,907

     2,630

     5,537

TALF II LLC

     1,171

     1,141

     1,055

     2,196

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 March 31, 2022.

 

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
Jun 8, 2022

Change since

Wednesday

Wednesday

Jun 1, 2022

Jun 9, 2021

Assets

 

 

 

 

Gold certificate account

 

    11,037

         0

         0

Special drawing rights certificate account

 

     5,200

         0

         0

Coin

 

     1,256

-        4

+       13

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

 

 8,813,979

+      103

+1,014,074

Securities held outright1

 

 8,481,186

+      614

+1,104,678

U.S. Treasury securities

 

 5,771,393

+      614

+  641,502

Bills2

 

   326,044

         0

         0

Notes and bonds, nominal2

 

 4,973,358

         0

+  567,790

Notes and bonds, inflation-indexed2

 

   382,966

         0

+   36,908

Inflation compensation3

 

    89,024

+      614

+   36,803

Federal agency debt securities2

 

     2,347

         0

         0

Mortgage-backed securities4

 

 2,707,446

         0

+  463,176

Unamortized premiums on securities held outright5

 

   336,545

-      581

-   13,135

Unamortized discounts on securities held outright5

 

   -24,482

+        5

-   10,619

Repurchase agreements6

 

         0

         0

         0

Loans7

 

    20,731

+       66

-   66,849

Net portfolio holdings of Commercial Paper Funding Facility II LLC8

 

         0

         0

-    8,554

Net portfolio holdings of Corporate Credit Facilities LLC8

 

         0

         0

-   25,856

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

 

    26,687

+       11

-    3,889

Net portfolio holdings of Municipal Liquidity Facility LLC8

 

     5,537

+        1

-    5,197

Net portfolio holdings of TALF II LLC8

 

     2,196

+        1

-    2,566

Items in process of collection

(0)

        65

-       79

+       15

Bank premises

 

       615

-       18

-    1,303

Central bank liquidity swaps9

 

       183

         0

-      333

Foreign currency denominated assets10

 

    18,526

-      134

-    3,156

Other assets11

 

    32,973

+    3,322

+    2,678

 

 

 

 

 

Total assets

(0)

 8,918,254

+    3,204

+  965,927

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
Jun 8, 2022

Change since

Wednesday

Wednesday

Jun 1, 2022

Jun 9, 2021

Liabilities

 

 

 

 

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

 

 2,229,086

-    1,362

+   98,308

Reverse repurchase agreements12

 

 2,404,314

+  173,774

+1,683,378

Deposits

(0)

 4,217,728

-  168,097

-  780,892

Term deposits held by depository institutions

 

         0

         0

         0

Other deposits held by depository institutions

 

 3,292,602

-   64,793

-  624,123

U.S. Treasury, General Account

 

   683,892

-   96,683

+   10,337

Foreign official

 

     8,734

+    1,027

-   18,759

Other13

(0)

   232,501

-    7,648

-  148,347

Deferred availability cash items

(0)

       201

-       84

+       19

Treasury contributions to credit facilities14

 

    17,940

         0

-   32,338

Other liabilities and accrued dividends15

 

     7,317

-    1,081

-    4,703

 

 

 

 

 

Total liabilities

(0)

 8,876,586

+    3,150

+  963,771

 

 

 

 

 

Capital accounts

 

 

 

 

Capital paid in

 

    34,883

+       54

+    2,156

Surplus

 

     6,785

         0

         0

Other capital accounts

 

         0

         0

         0

 

 

 

 

 

Total capital

 

    41,668

+       54

+    2,156

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, 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 $13.9 billion, Municipal Liquidity Facility LLC of $2.9 billion, and TALF II LLC of $1.2 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, June 8, 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

     1,256

        19

        24

       108

        48

       191

        96

       225

        24

        43

        93

       155

       230

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

 8,813,979

   176,086

 4,511,689

   202,023

   355,087

   612,933

   575,346

   601,209

   138,214

    69,465

   137,479

   450,886

   983,562

Net portfolio holdings of MS

 

 

 

 

 

 

 

 

 

 

 

 

 

Facilities LLC (Main Street Lending

 

 

 

 

 

 

 

 

 

 

 

 

 

Program)2

    26,687

    26,687

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Municipal Liquidity Facility LLC2

     5,537

         0

     5,537

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of TALF II LLC2

     2,196

         0

     2,196

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Central bank liquidity swaps3

       183

         8

        64

         7

        18

        37

         6

         7

         4

         1

         2

         4

        26

Foreign currency denominated

 

 

 

 

 

 

 

 

 

 

 

 

 

assets4

    18,526

       798

     6,453

       687

     1,810

     3,714

       603

       702

       373

        93

       191

       445

     2,656

Other assets5

    33,653

       758

    16,084

       857

     1,377

     2,618

     2,243

     2,239

       811

       437

       806

     1,782

     3,641

Interdistrict settlement account

         0

-   19,667

+  284,240

-   18,394

-   63,073

-   72,683

+   14,509

-   22,129

+    5,226

-      118

-   10,119

-    4,111

-   93,683

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 8,918,254

   185,233

 4,831,558

   185,824

   296,031

   548,014

   595,050

   583,346

   145,113

    70,184

   128,893

   450,440

   898,568

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, June 8, 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

 2,229,086

    72,690

   702,199

    60,640

   103,592

   151,955

   337,316

   128,104

    70,795

    33,963

    58,737

   196,056

   313,041

Reverse repurchase agreements6

 2,404,314

    48,134

 1,232,696

    55,235

    96,011

   167,548

   157,306

   164,358

    37,761

    17,048

    37,532

   123,268

   267,417

Deposits

 4,217,728

    49,640

 2,874,504

    68,178

    92,118

   219,259

    98,323

   288,748

    35,417

    18,729

    31,938

   129,593

   311,281

Depository institutions

 3,292,602

    49,625

 2,134,109

    68,177

    92,070

   218,029

    98,290

   106,066

    35,411

    18,558

    31,906

   129,115

   311,247

U.S. Treasury, General Account

   683,892

         0

   683,892

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     8,734

         2

     8,708

         1

         4

         8

         1

         2

         1

         0

         0

         1

         6

Other7

   232,501

        13

    47,796

         0

        44

     1,222

        32

   182,680

         5

       171

        31

       478

        28

Earnings remittances due to the U.S. Treasury8

     2,189

        34

     1,139

        47

        94

       136

       157

       142

        33

        12

        35

       119

       245

Treasury contributions to credit facilities9

    17,940

    13,891

     4,049

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Other liabilities and accrued
dividends

     5,328

      -921

     2,438

       228

       273

       674

       617

       487

       204

       166

       218

       324

       621

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total liabilities

 8,876,586

   183,467

 4,817,024

   184,328

   292,088

   539,572

   593,718

   581,838

   144,208

    69,918

   128,460

   449,360

   892,605

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital paid in

    34,883

     1,474

    12,171

     1,245

     3,280

     7,081

     1,111

     1,251

       769

       232

       363

       917

     4,990

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

 8,918,254

   185,233

 4,831,558

   185,824

   296,031

   548,014

   595,050

   583,346

   145,113

    70,184

   128,893

   450,440

   898,568

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, June 8, 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 $13.9 billion, Municipal Liquidity Facility LLC of $2.9 billion, and TALF II LLC of $1.2 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

Jun 8, 2022

Federal Reserve notes outstanding

 2,524,415

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

   295,328

Federal Reserve notes to be collateralized

 2,229,086

Collateral held against Federal Reserve notes

 2,229,086

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

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

 2,212,850

Other assets pledged

         0

Memo:

 

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

 8,481,186

Less: Face value of securities under reverse repurchase agreements

 2,545,575

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

 5,935,611

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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