Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: Thursday, June 23, 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

June 23, 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 22, 2022

Week ended
Jun 22, 2022

Change from week ended

Jun 15, 2022

Jun 23, 2021

Reserve Bank credit

 8,900,824

+    7,976

+  849,802

 8,898,327

Securities held outright1

 8,496,150

+    6,742

+  986,522

 8,494,506

U.S. Treasury securities

 5,763,156

-    7,300

+  605,085

 5,763,344

Bills2

   326,044

         0

         0

   326,044

Notes and bonds, nominal2

 4,964,082

-    7,951

+  533,223

 4,964,082

Notes and bonds, inflation-indexed2

   382,966

         0

+   35,422

   382,966

Inflation compensation3

    90,064

+      652

+   36,440

    90,251

Federal agency debt securities2

     2,347

         0

         0

     2,347

Mortgage-backed securities4

 2,730,647

+   14,042

+  381,437

 2,728,815

Unamortized premiums on securities held outright5

   335,321

-      816

-   16,707

   334,904

Unamortized discounts on securities held outright5

   -25,128

-      497

-   11,141

   -25,152

Repurchase agreements6

         0

         0

         0

         0

Foreign official

         0

         0

         0

         0

Others

         0

         0

         0

         0

Loans

    22,303

+      407

-   64,294

    21,778

Primary credit

     3,564

+      859

+    2,968

     3,147

Secondary credit

         0

         0

         0

         0

Seasonal credit

         8

+        5

-        3

         9

Primary Dealer Credit Facility

         0

         0

         0

         0

Paycheck Protection Program Liquidity Facility

    18,731

-      457

-   67,258

    18,621

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

-   25,847

         0

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

    26,365

-      276

-    4,165

    26,374

Net portfolio holdings of Municipal Liquidity Facility LLC7

     5,539

+        2

-    5,197

     5,540

Net portfolio holdings of TALF II LLC7

     2,197

+        1

-    2,565

     2,197

Float

      -150

-       23

-       37

      -182

Central bank liquidity swaps8

       197

-        2

-      278

       197

Other Federal Reserve assets9

    38,032

+    2,439

+    2,067

    38,166

Foreign currency denominated assets10

    18,231

-       17

-    3,082

    18,254

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding11

    51,163

+       14

+      577

    51,163

 

 

 

 

 

Total factors supplying reserve funds

 8,986,459

+    7,973

+  847,297

 8,983,985

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 22, 2022

Week ended
Jun 22, 2022

Change from week ended

Jun 15, 2022

Jun 23, 2021

Currency in circulation11

 2,277,656

+    1,097

+   99,311

 2,278,628

Reverse repurchase agreements12

 2,473,338

+   31,591

+1,461,149

 2,516,146

Foreign official and international accounts

   252,826

-   13,153

+    7,431

   256,688

Others

 2,220,512

+   44,744

+1,453,718

 2,259,458

Treasury cash holdings

        93

-        1

+       50

        98

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

 1,020,992

+  113,178

-   19,058

 1,007,559

Term deposits held by depository institutions

         0

         0

         0

         0

U.S. Treasury, General Account

   758,283

+  101,413

+   23,594

   745,052

Foreign official

     7,435

-      183

+    1,734

     7,434

Other13

   255,275

+   11,949

-   44,386

   255,073

Treasury contributions to credit facilities14

    17,940

         0

-   32,338

    17,940

Other liabilities and capital15

    48,885

-    1,494

-    1,329

    48,026

 

 

 

 

 

Total factors, other than reserve balances,
absorbing reserve funds

 5,838,903

+  144,371

+1,507,784

 5,868,397

 

 

 

 

 

Reserve balances with Federal Reserve Banks

 3,147,556

-  136,398

-  660,486

 3,115,589

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 22, 2022

Week ended
Jun 22, 2022

Change from week ended

Jun 15, 2022

Jun 23, 2021

Securities held in custody for foreign official and international accounts

 3,403,278

+    5,510

-  136,941

 3,405,536

Marketable U.S. Treasury securities1

 2,996,983

+    5,136

-  102,040

 2,998,923

Federal agency debt and mortgage-backed securities2

   323,271

+      686

-   28,909

   323,674

Other securities3

    83,024

-      312

-    5,993

    82,939

Securities lent to dealers

    48,430

+    2,755

+    7,507

    46,706

Overnight facility4

    48,430

+    2,755

+    7,507

    46,706

U.S. Treasury securities

    48,430

+    2,755

+    7,507

    46,706

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 22, 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

     1,109

     2,064

         0

    18,605

         0

...

    21,778

U.S. Treasury securities2

 

 

 

 

 

 

 

Holdings

    80,281

   338,185

   810,763

 2,074,295

 1,029,136

 1,430,684

 5,763,344

Weekly changes

+    1,113

+    4,723

-    5,798

+      226

+      195

+      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

     2,063

    60,521

 2,666,176

 2,728,815

Weekly changes

         0

         0

         0

+        1

+        6

+    1,242

+    1,248

Loan participations held by MS

 

 

 

 

 

 

 

Facilities LLC (Main Street Lending

 

 

 

 

 

 

 

Program)5

         0

         0

         0

    14,053

...

...

    14,053

Municipal notes held by Municipal

 

 

 

 

 

 

 

Liquidity Facility LLC6

         0

         0

         0

     2,907

...

...

     2,907

Loans held by TALF II LLC7

         0

         0

         0

     1,139

...

...

     1,139

Repurchase agreements8

         0

         0

...

...

...

...

         0

Central bank liquidity swaps9

       197

         0

         0

         0

         0

         0

       197

Reverse repurchase agreements8

 2,516,146

         0

...

...

...

...

 2,516,146

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 22, 2022

Mortgage-backed securities held outright1

 2,728,815

Residential mortgage-backed securities

 2,719,970

Commercial mortgage-backed securities

     8,845

 

 

Commitments to buy mortgage-backed securities2

    43,432

Commitments to sell mortgage-backed securities2

         0

 

 

Cash and cash equivalents3

         0

 

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 22, 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)

    13,591

    12,184

    14,191

    26,374

Municipal Liquidity Facility LLC

     2,907

     2,907

     2,632

     5,540

TALF II LLC

     1,171

     1,139

     1,058

     2,197

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 22, 2022

Change since

Wednesday

Wednesday

Jun 15, 2022

Jun 23, 2021

Assets

 

 

 

 

Gold certificate account

 

    11,037

         0

         0

Special drawing rights certificate account

 

     5,200

         0

         0

Coin

 

     1,254

+        1

+       18

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

 

 8,826,036

-      257

+  880,359

Securities held outright1

 

 8,494,506

+    1,862

+  974,559

U.S. Treasury securities

 

 5,763,344

+      614

+  599,899

Bills2

 

   326,044

         0

         0

Notes and bonds, nominal2

 

 4,964,082

         0

+  530,109

Notes and bonds, inflation-indexed2

 

   382,966

         0

+   33,708

Inflation compensation3

 

    90,251

+      613

+   36,081

Federal agency debt securities2

 

     2,347

         0

         0

Mortgage-backed securities4

 

 2,728,815

+    1,248

+  374,660

Unamortized premiums on securities held outright5

 

   334,904

-      954

-   17,322

Unamortized discounts on securities held outright5

 

   -25,152

-      285

-   11,051

Repurchase agreements6

 

         0

         0

         0

Loans7

 

    21,778

-      880

-   65,827

Net portfolio holdings of Commercial Paper Funding Facility II LLC8

 

         0

         0

-    8,554

Net portfolio holdings of Corporate Credit Facilities LLC8

 

         0

         0

-   25,863

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

 

    26,374

+       11

-    4,164

Net portfolio holdings of Municipal Liquidity Facility LLC8

 

     5,540

+        2

-    5,198

Net portfolio holdings of TALF II LLC8

 

     2,197

+        1

-    2,565

Items in process of collection

(0)

        87

+       25

+       35

Bank premises

 

       618

-        2

-    1,299

Central bank liquidity swaps9

 

       197

-        2

-      286

Foreign currency denominated assets10

 

    18,254

+      130

-    3,077

Other assets11

 

    37,553

+    2,018

+    2,995

 

 

 

 

 

Total assets

(0)

 8,934,346

+    1,926

+  832,401

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 22, 2022

Change since

Wednesday

Wednesday

Jun 15, 2022

Jun 23, 2021

Liabilities

 

 

 

 

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

 

 2,228,812

+    1,711

+   98,679

Reverse repurchase agreements12

 

 2,516,146

+   94,542

+1,460,215

Deposits

(0)

 4,123,153

-   94,212

-  693,885

Term deposits held by depository institutions

 

         0

         0

         0

Other deposits held by depository institutions

 

 3,115,594

-   74,011

-  650,120

U.S. Treasury, General Account

 

   745,052

-   24,885

+   11,175

Foreign official

 

     7,434

-        1

+      665

Other13

(0)

   255,073

+    4,685

-   55,606

Deferred availability cash items

(0)

       269

+       40

+       46

Treasury contributions to credit facilities14

 

    17,940

         0

-   32,338

Other liabilities and accrued dividends15

 

     6,353

-      155

-    2,385

 

 

 

 

 

Total liabilities

(0)

 8,892,673

+    1,926

+  830,332

 

 

 

 

 

Capital accounts

 

 

 

 

Capital paid in

 

    34,888

+        1

+    2,069

Surplus

 

     6,785

         0

         0

Other capital accounts

 

         0

         0

         0

 

 

 

 

 

Total capital

 

    41,673

+        1

+    2,069

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 22, 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

     1,254

        18

        25

       108

        46

       194

        96

       223

        24

        42

        92

       153

       232

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

 8,826,036

   176,374

 4,517,411

   202,311

   355,280

   613,677

   576,078

   602,374

   138,367

    69,254

   137,616

   451,508

   985,787

Net portfolio holdings of MS

 

 

 

 

 

 

 

 

 

 

 

 

 

Facilities LLC (Main Street Lending

 

 

 

 

 

 

 

 

 

 

 

 

 

Program)2

    26,374

    26,374

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Municipal Liquidity Facility LLC2

     5,540

         0

     5,540

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of TALF II LLC2

     2,197

         0

     2,197

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Central bank liquidity swaps3

       197

         8

        68

         7

        19

        39

         6

         7

         4

         1

         2

         5

        28

Foreign currency denominated

 

 

 

 

 

 

 

 

 

 

 

 

 

assets4

    18,254

       786

     6,359

       677

     1,784

     3,660

       594

       692

       367

        92

       188

       438

     2,617

Other assets5

    38,259

       853

    18,520

       967

     1,577

     2,959

     2,578

     2,565

       705

       445

       891

     2,027

     4,172

Interdistrict settlement account

         0

-   13,745

+  273,405

-   21,933

-   68,431

-   64,057

+   11,464

-    8,178

+    3,516

-      825

-    9,927

-    2,465

-   98,822

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 8,934,346

   191,212

 4,828,795

   182,674

   291,039

   557,674

   593,063

   598,775

   143,444

    69,272

   129,301

   452,946

   896,150

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 22, 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

 2,228,812

    73,854

   701,591

    60,688

   103,309

   151,678

   337,664

   127,535

    71,448

    33,892

    58,819

   195,796

   312,538

Reverse repurchase agreements6

 2,516,146

    50,373

 1,290,032

    57,804

   100,477

   175,341

   164,623

   172,003

    39,517

    17,841

    39,277

   129,002

   279,856

Deposits

 4,123,153

    52,177

 2,816,269

    62,398

    82,920

   221,302

    88,579

   297,086

    31,339

    17,083

    30,499

   126,617

   296,885

Depository institutions

 3,115,594

    52,163

 2,003,440

    62,397

    82,883

   220,604

    88,546

   103,617

    31,333

    16,930

    30,462

   126,366

   296,854

U.S. Treasury, General Account

   745,052

         0

   745,052

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     7,434

         2

     7,408

         1

         4

         8

         1

         2

         1

         0

         0

         1

         6

Other7

   255,073

        12

    60,370

         0

        33

       690

        31

   193,468

         5

       153

        37

       250

        25

Earnings remittances due to the U.S. Treasury8

     1,253

        23

       530

        32

        73

       105

       117

        63

        26

         7

        39

        71

       167

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

     5,369

      -871

     1,790

       255

       316

       807

       748

       576

       210

       181

       233

       381

       742

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total liabilities

 8,892,673

   189,446

 4,814,261

   181,178

   287,095

   549,233

   591,731

   597,264

   142,539

    69,003

   128,868

   451,868

   890,188

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital paid in

    34,888

     1,474

    12,172

     1,245

     3,280

     7,081

     1,111

     1,254

       769

       235

       364

       915

     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

 8,934,346

   191,212

 4,828,795

   182,674

   291,039

   557,674

   593,063

   598,775

   143,444

    69,272

   129,301

   452,946

   896,150

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 22, 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 22, 2022

Federal Reserve notes outstanding

 2,529,969

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

   301,157

Federal Reserve notes to be collateralized

 2,228,812

Collateral held against Federal Reserve notes

 2,228,812

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

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

 2,212,575

Other assets pledged

         0

Memo:

 

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

 8,494,506

Less: Face value of securities under reverse repurchase agreements

 2,716,766

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

 5,777,741

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