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Release Date: Thursday, August 18, 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

August 18, 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
Aug 17, 2022

Week ended
Aug 17, 2022

Change from week ended

Aug 10, 2022

Aug 18, 2021

Reserve Bank credit

 8,837,056

-    4,356

+  538,934

 8,814,179

Securities held outright1

 8,441,593

+    1,649

+  666,083

 8,428,995

U.S. Treasury securities

 5,711,698

-    8,340

+  397,848

 5,699,175

Bills2

   326,044

         0

         0

   326,044

Notes and bonds, nominal2

 4,914,324

-    9,792

+  337,969

 4,901,267

Notes and bonds, inflation-indexed2

   374,719

         0

+   22,691

   374,719

Inflation compensation3

    96,612

+    1,453

+   37,189

    97,145

Federal agency debt securities2

     2,347

         0

         0

     2,347

Mortgage-backed securities4

 2,727,548

+    9,990

+  268,235

 2,727,473

Unamortized premiums on securities held outright5

   329,257

-      538

-   25,575

   329,026

Unamortized discounts on securities held outright5

   -26,335

-      333

-   11,380

   -26,492

Repurchase agreements6

         1

+        1

+        1

         0

Foreign official

         0

         0

         0

         0

Others

         1

+        1

+        1

         0

Loans

    18,326

-      243

-   63,313

    18,174

Primary credit

     2,660

+       16

+    2,367

     2,657

Secondary credit

         0

         0

         0

         0

Seasonal credit

        44

+       18

+       21

        48

Primary Dealer Credit Facility

         0

         0

         0

         0

Paycheck Protection Program Liquidity Facility

    15,622

-      276

-   65,701

    15,469

Other credit extensions

         0

         0

         0

         0

Net portfolio holdings of Corporate Credit Facilities LLC7

         0

         0

-   17,114

         0

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

    26,042

-       98

-    4,514

    25,902

Net portfolio holdings of Municipal Liquidity Facility LLC7

     5,551

+        2

-    4,214

     5,552

Net portfolio holdings of TALF II LLC7

     2,158

+        1

-    2,355

     2,159

Float

      -159

-       21

-       39

      -161

Central bank liquidity swaps8

       189

-        2

-      308

       189

Other Federal Reserve assets9

    40,434

-    4,771

+    1,662

    30,836

Foreign currency denominated assets10

    17,992

+       59

-    3,210

    17,831

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding11

    51,244

+       14

+      602

    51,244

 

 

 

 

 

Total factors supplying reserve funds

 8,922,532

-    4,283

+  536,325

 8,899,495

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
Aug 17, 2022

Week ended
Aug 17, 2022

Change from week ended

Aug 10, 2022

Aug 18, 2021

Currency in circulation11

 2,275,881

+      327

+   88,085

 2,276,370

Reverse repurchase agreements12

 2,465,208

+   11,690

+1,135,548

 2,467,848

Foreign official and international accounts

   268,116

+    5,489

+    2,127

   268,217

Others

 2,197,092

+    6,202

+1,133,422

 2,199,631

Treasury cash holdings

       104

+        3

+       56

       105

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

   767,725

-   13,187

+  176,882

   755,408

Term deposits held by depository institutions

         0

         0

         0

         0

U.S. Treasury, General Account

   545,321

-   11,944

+  206,513

   539,278

Foreign official

     8,313

-      932

+      560

     7,435

Other13

   214,091

-      311

-   30,191

   208,695

Treasury contributions to credit facilities14

    17,940

         0

-   22,338

    17,940

Other liabilities and capital15

    48,923

-    1,719

-    1,947

    48,130

 

 

 

 

 

Total factors, other than reserve balances,
absorbing reserve funds

 5,575,782

-    2,886

+1,376,286

 5,565,800

 

 

 

 

 

Reserve balances with Federal Reserve Banks

 3,346,750

-    1,397

-  839,961

 3,333,695

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
Aug 17, 2022

Week ended
Aug 17, 2022

Change from week ended

Aug 10, 2022

Aug 18, 2021

Securities held in custody for foreign official and international accounts

 3,381,324

+    3,317

-  120,869

 3,384,506

Marketable U.S. Treasury securities1

 2,983,793

+    2,719

-   84,241

 2,987,045

Federal agency debt and mortgage-backed securities2

   313,861

+      429

-   27,933

   313,821

Other securities3

    83,670

+      169

-    8,695

    83,639

Securities lent to dealers

    41,274

-      384

+   10,761

    40,476

Overnight facility4

    41,274

-      384

+   10,761

    40,476

U.S. Treasury securities

    41,274

-      384

+   10,761

    40,476

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, August 17, 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

     1,400

     1,316

         0

    15,458

         0

...

    18,174

U.S. Treasury securities2

 

 

 

 

 

 

 

Holdings

    78,277

   323,810

   819,992

 2,017,163

   986,738

 1,473,195

 5,699,175

Weekly changes

-   58,348

+   44,297

+   10,468

-   22,167

-   31,442

+   35,795

-   21,397

Federal agency debt securities3

 

 

 

 

 

 

 

Holdings

         0

         0

         0

         0

     2,347

         0

     2,347

Weekly changes

         0

         0

         0

         0

         0

         0

         0

Mortgage-backed securities4

 

 

 

 

 

 

 

Holdings

         0

         2

        57

     2,413

    57,527

 2,667,474

 2,727,473

Weekly changes

         0

         0

         0

-        1

-      380

+   10,286

+    9,905

Loan participations held by MS

 

 

 

 

 

 

 

Facilities LLC (Main Street Lending

 

 

 

 

 

 

 

Program)5

         0

         0

         0

    13,460

...

...

    13,460

Municipal notes held by Municipal

 

 

 

 

 

 

 

Liquidity Facility LLC6

         0

         0

         0

     2,907

...

...

     2,907

Loans held by TALF II LLC7

         0

         0

       202

       888

...

...

     1,090

Repurchase agreements8

         0

         0

...

...

...

...

         0

Central bank liquidity swaps9

       189

         0

         0

         0

         0

         0

       189

Reverse repurchase agreements8

 2,467,848

         0

...

...

...

...

 2,467,848

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

Aug 17, 2022

Mortgage-backed securities held outright1

 2,727,473

Residential mortgage-backed securities

 2,718,754

Commercial mortgage-backed securities

     8,719

 

 

Commitments to buy mortgage-backed securities2

    15,940

Commitments to sell mortgage-backed securities2

         0

 

 

Cash and cash equivalents3

        45

 

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 Aug 17, 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)

    12,938

    11,661

    14,241

    25,902

Municipal Liquidity Facility LLC

     2,907

     2,907

     2,645

     5,552

TALF II LLC

     1,126

     1,090

     1,069

     2,159

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 June 30, 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
Aug 17, 2022

Change since

Wednesday

Wednesday

Aug 10, 2022

Aug 18, 2021

Assets

 

 

 

 

Gold certificate account

 

    11,037

         0

         0

Special drawing rights certificate account

 

     5,200

         0

         0

Coin

 

     1,300

+        5

+       61

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

 

 8,749,703

-   13,177

+  537,511

Securities held outright1

 

 8,428,995

-   11,492

+  637,359

U.S. Treasury securities

 

 5,699,175

-   21,397

+  375,524

Bills2

 

   326,044

         0

         0

Notes and bonds, nominal2

 

 4,901,267

-   22,849

+  316,825

Notes and bonds, inflation-indexed2

 

   374,719

         0

+   21,375

Inflation compensation3

 

    97,145

+    1,453

+   37,324

Federal agency debt securities2

 

     2,347

         0

         0

Mortgage-backed securities4

 

 2,727,473

+    9,905

+  261,835

Unamortized premiums on securities held outright5

 

   329,026

-      574

-   25,914

Unamortized discounts on securities held outright5

 

   -26,492

-      530

-   11,301

Repurchase agreements6

 

         0

         0

         0

Loans7

 

    18,174

-      581

-   62,634

Net portfolio holdings of Corporate Credit Facilities LLC8

 

         0

         0

-   17,116

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

 

    25,902

-      252

-    4,632

Net portfolio holdings of Municipal Liquidity Facility LLC8

 

     5,552

+        1

-    4,214

Net portfolio holdings of TALF II LLC8

 

     2,159

+        1

-    2,354

Items in process of collection

(0)

        49

-       15

-       21

Bank premises

 

       612

+        5

-    1,051

Central bank liquidity swaps9

 

       189

-        2

-      299

Foreign currency denominated assets10

 

    17,831

-      334

-    3,297

Other assets11

 

    30,230

-   15,606

+    2,578

 

 

 

 

 

Total assets

(0)

 8,849,762

-   29,376

+  507,164

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
Aug 17, 2022

Change since

Wednesday

Wednesday

Aug 10, 2022

Aug 18, 2021

Liabilities

 

 

 

 

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

 

 2,226,527

-      101

+   87,959

Reverse repurchase agreements12

 

 2,467,848

+   22,149

+1,082,447

Deposits

(0)

 4,089,108

-   48,840

-  640,677

Term deposits held by depository institutions

 

         0

         0

         0

Other deposits held by depository institutions

 

 3,333,700

-   23,794

-  828,465

U.S. Treasury, General Account

 

   539,278

-   21,862

+  225,627

Foreign official

 

     7,435

-    1,510

+      203

Other13

(0)

   208,695

-    1,675

-   38,042

Deferred availability cash items

(0)

       210

+        5

+       11

Treasury contributions to credit facilities14

 

    17,940

         0

-   22,338

Other liabilities and accrued dividends15

 

     6,333

-    2,589

-    2,293

 

 

 

 

 

Total liabilities

(0)

 8,807,966

-   29,377

+  505,110

 

 

 

 

 

Capital accounts

 

 

 

 

Capital paid in

 

    35,011

+        1

+    2,054

Surplus

 

     6,785

         0

         0

Other capital accounts

 

         0

         0

         0

 

 

 

 

 

Total capital

 

    41,796

+        1

+    2,054

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, August 17, 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

     1,300

        21

        27

       110

        55

       193

       107

       233

        30

        36

        94

       162

       232

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

 8,749,703

   174,884

 4,479,927

   201,096

   351,752

   608,556

   571,389

   597,191

   137,198

    67,569

   136,440

   447,988

   975,713

Net portfolio holdings of MS

 

 

 

 

 

 

 

 

 

 

 

 

 

Facilities LLC (Main Street Lending

 

 

 

 

 

 

 

 

 

 

 

 

 

Program)2

    25,902

    25,902

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Municipal Liquidity Facility LLC2

     5,552

         0

     5,552

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of TALF II LLC2

     2,159

         0

     2,159

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Central bank liquidity swaps3

       189

         8

        66

         7

        18

        38

         6

         7

         4

         1

         2

         5

        27

Foreign currency denominated

 

 

 

 

 

 

 

 

 

 

 

 

 

assets4

    17,831

       768

     6,211

       661

     1,743

     3,575

       580

       676

       359

        90

       184

       428

     2,556

Other assets5

    30,890

       712

    14,691

       799

     1,303

     2,452

     2,055

     2,058

       632

       394

       786

     1,652

     3,355

Interdistrict settlement account

         0

-   19,484

+  316,983

-   28,954

-   74,652

-   20,758

+    3,948

-   45,861

-    4,461

-    1,492

-   13,803

-   18,081

-   93,386

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 8,849,762

   183,355

 4,830,887

   174,257

   280,982

   595,259

   580,332

   555,398

   134,223

    66,860

   124,142

   433,433

   890,634

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, August 17, 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

 2,226,527

    76,560

   705,907

    57,282

   102,042

   151,679

   344,519

   125,318

    70,606

    33,770

    56,844

   192,948

   309,054

Reverse repurchase agreements6

 2,467,848

    49,406

 1,265,269

    56,695

    98,548

   171,976

   161,463

   168,701

    38,758

    17,498

    38,523

   126,526

   274,484

Deposits

 4,089,108

    42,400

 2,838,165

    58,537

    76,125

   262,389

    72,274

   259,300

    23,738

    15,160

    28,106

   112,491

   300,424

Depository institutions

 3,333,700

    42,392

 2,243,641

    58,536

    76,090

   261,481

    72,210

    99,789

    23,727

    15,086

    28,077

   112,273

   300,397

U.S. Treasury, General Account

   539,278

         0

   539,278

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     7,435

         2

     7,409

         1

         4

         8

         1

         2

         1

         0

         0

         1

         6

Other7

   208,695

         6

    47,837

         0

        30

       899

        62

   159,509

        10

        74

        29

       217

        21

Earnings remittances due to the U.S. Treasury8

     1,047

        17

       389

        25

        43

        22

       164

        83

        24

        13

        26

       101

       140

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

     5,496

      -722

     2,501

       219

       253

       748

       588

       490

       180

       161

       211

       298

       569

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total liabilities

 8,807,966

   181,552

 4,816,281

   172,758

   277,010

   586,813

   579,006

   553,893

   133,307

    66,603

   123,709

   432,364

   884,671

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital paid in

    35,011

     1,511

    12,244

     1,247

     3,309

     7,086

     1,105

     1,248

       780

       223

       363

       907

     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

 8,849,762

   183,355

 4,830,887

   174,257

   280,982

   595,259

   580,332

   555,398

   134,223

    66,860

   124,142

   433,433

   890,634

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, August 17, 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 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 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

Aug 17, 2022

Federal Reserve notes outstanding

 2,557,167

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

   330,640

Federal Reserve notes to be collateralized

 2,226,527

Collateral held against Federal Reserve notes

 2,226,527

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

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

 2,210,290

Other assets pledged

         0

Memo:

 

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

 8,428,995

Less: Face value of securities under reverse repurchase agreements

 2,543,773

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

 5,885,222

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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