Skip to Content
Release Date: July 08, 2021
Release dates | Data Download Program (DDP) |
About |
Announcements |
Technical Q&As
Current release Other formats:
Screen reader |
PDF
(21 KB)
FEDERAL RESERVE statistical release
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks July 8, 2021
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures Wednesday
reserve balances of depository institutions at Week ended Change from week ended Jul 7, 2021
Federal Reserve Banks Jul 7, 2021 Jun 30, 2021 Jul 8, 2020
Reserve Bank credit 8,047,806 + 8,317 +1,132,521 8,058,899
Securities held outright (1) 7,512,568 + 9,829 +1,378,094 7,523,709
U.S. Treasury securities 5,190,583 + 14,740 + 969,856 5,201,725
Bills (2) 326,044 0 0 326,044
Notes and bonds, nominal (2) 4,456,035 + 10,692 + 867,390 4,466,950
Notes and bonds, inflation-indexed (2) 352,886 + 3,110 + 82,680 352,886
Inflation compensation (3) 55,619 + 939 + 19,787 55,845
Federal agency debt securities (2) 2,347 0 0 2,347
Mortgage-backed securities (4) 2,319,637 - 4,912 + 408,236 2,319,637
Unamortized premiums on securities held outright (5) 351,498 + 239 + 36,846 351,432
Unamortized discounts on securities held outright (5) -14,357 - 163 - 9,039 -14,349
Repurchase agreements (6) 0 0 - 41,286 0
Foreign official 0 0 - 143 0
Others 0 0 - 41,143 0
Loans 89,838 - 1,156 - 5,456 88,802
Primary credit 391 - 69 - 4,928 406
Secondary credit 0 0 0 0
Seasonal credit 20 0 + 1 20
Primary Dealer Credit Facility 0 0 - 2,276 0
Money Market Mutual Fund Liquidity Facility 0 0 - 19,624 0
Paycheck Protection Program Liquidity Facility 89,427 - 1,087 + 21,370 88,376
Other credit extensions 0 0 0 0
Net portfolio holdings of Commercial Paper Funding
Facility II LLC (7) 0 - 1,250 - 12,800 0
Net portfolio holdings of Corporate Credit Facilities
LLC (7) 25,906 + 38 - 16,407 25,931
Net portfolio holdings of MS Facilities LLC (Main
Street Lending Program) (7) 30,548 + 9 - 6,954 30,555
Net portfolio holdings of Municipal Liquidity
Facility LLC (7) 10,740 + 2 - 5,341 10,742
Net portfolio holdings of TALF II LLC (7) 4,689 - 63 - 4,064 4,689
Float -123 + 200 + 85 -100
Central bank liquidity swaps (8) 521 - 56 - 181,556 521
Other Federal Reserve assets (9) 35,978 + 688 + 400 36,967
Foreign currency denominated assets (10) 21,202 - 105 + 299 21,189
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (11) 50,726 + 14 + 461 50,726
Total factors supplying reserve funds 8,135,974 + 8,224 +1,133,281 8,147,055
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures Wednesday
reserve balances of depository institutions at Week ended Change from week ended Jul 7, 2021
Federal Reserve Banks Jul 7, 2021 Jun 30, 2021 Jul 8, 2020
Currency in circulation (11) 2,186,896 + 6,260 + 212,206 2,188,852
Reverse repurchase agreements (12) 1,008,251 - 65,635 + 780,136 1,049,332
Foreign official and international accounts 261,542 + 10,762 + 33,428 263,612
Others 746,709 - 76,397 + 746,708 785,720
Treasury cash holdings 42 0 - 19 45
Deposits with F.R. Banks, other than reserve balances 979,641 - 16,249 - 844,767 961,876
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 753,364 + 7,402 - 899,734 724,898
Foreign official 5,263 - 1,509 - 11,856 5,230
Other (13) 221,014 - 22,142 + 66,823 231,748
Treasury contributions to credit facilities (14) 40,278 - 7,143 - 73,722 40,278
Other liabilities and capital (15) 50,297 + 1,213 + 2,845 50,469
Total factors, other than reserve balances,
absorbing reserve funds 4,265,405 - 81,554 + 76,678 4,290,852
Reserve balances with Federal Reserve Banks 3,870,568 + 89,777 +1,056,601 3,856,203
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 Corporate Credit Facilities LLC of $13.9 billion, MS
Facilities LLC of $16.6 billion, Municipal Liquidity Facility LLC of $6.3 billion, and TALF II LLC of
$3.5 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.
1A. Memorandum Items
Millions of dollars
Memorandum item Averages of daily figures Wednesday
Week ended Change from week ended Jul 7, 2021
Jul 7, 2021 Jun 30, 2021 Jul 8, 2020
Securities held in custody for foreign official and
international accounts 3,528,385 + 5,803 + 125,707 3,530,555
Marketable U.S. Treasury securities (1) 3,087,536 + 5,915 + 138,214 3,089,768
Federal agency debt and mortgage-backed securities (2) 351,761 - 193 - 16,878 351,588
Other securities (3) 89,088 + 81 + 4,371 89,199
Securities lent to dealers 37,569 - 2,706 + 5,434 34,395
Overnight facility (4) 37,569 - 2,706 + 5,434 34,395
U.S. Treasury securities 37,569 - 2,706 + 5,434 34,395
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.
2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, July 7, 2021
Millions of dollars
Remaining Maturity Within 15 16 days to 91 days to Over 1 year Over 5 year Over 10 All
days 90 days 1 year to 5 years to 10 years years
Loans (1) 202 224 13,942 74,427 7 ... 88,802
U.S. Treasury securities (2)
Holdings 76,653 295,430 658,430 2,002,523 954,433 1,214,256 5,201,725
Weekly changes - 2,472 + 28,299 - 19,949 + 6,814 + 3,461 + 2,188 + 18,340
Federal agency debt securities (3)
Holdings 0 0 0 0 2,134 213 2,347
Weekly changes 0 0 0 0 0 0 0
Mortgage-backed securities (4)
Holdings 0 0 16 1,880 65,494 2,252,246 2,319,637
Weekly changes 0 0 + 3 + 122 + 284 - 411 0
Commercial paper held by Commercial
Paper Funding Facility II LLC (5) 0 0 0 ... ... ... 0
Loan participations held by MS
Facilities LLC (Main Street Lending
Program) (6) 0 0 0 16,191 ... ... 16,191
Municipal notes held by Municipal
Liquidity Facility LLC (7) 0 0 0 4,373 ... ... 4,373
Loans held by TALF II LLC (8) 0 0 0 1,622 ... ... 1,622
Repurchase agreements (9) 0 0 ... ... ... ... 0
Central bank liquidity swaps (10) 178 343 0 0 0 0 521
Reverse repurchase agreements (9) 1,049,332 0 ... ... ... ... 1,049,332
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 Primary
Dealer Credit Facility, Paycheck Protection Program Liquidity Facility, and other credit extensions. Loans
exclude the loans from the Federal Reserve Bank of New York (FRBNY) to Commercial Paper Funding
Facility II LLC, Corporate Credit Facilities LLC, 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 commercial paper held by Commercial Paper Funding Facility II LLC.
6. Book value of the loan participations held by the MS Facilities LLC.
7. Book value of the municipal notes held by the Municipal Liquidity Facility LLC.
8. Book value of the loans held by the TALF II LLC.
9. Cash value of agreements.
10. 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.
3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name Wednesday
Jul 7, 2021
Mortgage-backed securities held outright (1) 2,319,637
Residential mortgage-backed securities 2,309,868
Commercial mortgage-backed securities 9,770
Commitments to buy mortgage-backed securities (2) 183,074
Commitments to sell mortgage-backed securities (2) 168
Cash and cash equivalents (3) 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 Jul 7, 2021
Net portfolio holdings of
Credit Facilities LLCs
Outstanding
principal Outstanding
amount amount of Treasury
of loan facility contributions
extended to asset and
the LLC (1) purchases (2)other assets (3) Total
Commercial Paper Funding Facility II LLC 0 0 0 0
Corporate Credit Facilities LLC 13,609 9,451 16,480 25,931
MS Facilities LLC (Main Street Lending Program) 16,228 13,533 17,022 30,555
Municipal Liquidity Facility LLC 5,358 4,373 6,369 10,742
TALF II LLC 1,660 1,622 3,067 4,689
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 Commercial Paper Funding Facility II LLC includes commercial paper at book value.
b. For the Corporate Credit Facilities LLC includes exchange traded-funds and corporate bonds at
fair value. Asset balances from trading activity are
reported on a one-day lag after the transaction date.
c. 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, 2021.
d. 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.
e. 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 credit facilities from the
following consolidated LLCs: Commercial Paper Funding Facility II LLC, Corporate Credit Facilities LLC,
Municipal Liquidity Facility LLC, and TALF II LLC. Refer to the note on consolidation accompanying
table 6.
5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital Eliminations Wednesday Change since
from Jul 7, 2021 Wednesday Wednesday
consolidation Jun 30, 2021 Jul 8, 2020
Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,235 + 2 - 262
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 7,949,594 + 16,009 +1,401,185
Securities held outright (1) 7,523,709 + 18,340 +1,378,606
U.S. Treasury securities 5,201,725 + 18,340 + 970,370
Bills (2) 326,044 0 0
Notes and bonds, nominal (2) 4,466,950 + 17,601 + 867,677
Notes and bonds, inflation-indexed (2) 352,886 0 + 82,680
Inflation compensation (3) 55,845 + 738 + 20,012
Federal agency debt securities (2) 2,347 0 0
Mortgage-backed securities (4) 2,319,637 0 + 408,236
Unamortized premiums on securities held outright
(5) 351,432 + 30 + 36,181
Unamortized discounts on securities held outright
(5) -14,349 - 37 - 9,050
Repurchase agreements (6) 0 0 0
Loans (7) 88,802 - 2,324 - 4,553
Net portfolio holdings of Commercial Paper
Funding Facility II LLC (8) 0 0 - 12,802
Net portfolio holdings of Corporate Credit
Facilities LLC (8) 25,931 + 29 - 16,713
Net portfolio holdings of MS Facilities LLC (Main
Street Lending Program) (8) 30,555 + 8 - 6,948
Net portfolio holdings of Municipal Liquidity
Facility LLC (8) 10,742 + 2 - 5,340
Net portfolio holdings of TALF II LLC (8) 4,689 0 - 4,064
Items in process of collection (0) 113 + 47 + 62
Bank premises 1,880 - 49 - 316
Central bank liquidity swaps (9) 521 - 47 - 178,574
Foreign currency denominated assets (10) 21,189 - 32 + 216
Other assets (11) 35,088 + 3,261 + 615
Total assets (0) 8,097,773 + 19,229 +1,177,057
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital Eliminations Wednesday Change since
from Jul 7, 2021 Wednesday Wednesday
consolidation Jun 30, 2021 Jul 8, 2020
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 2,139,402 + 5,263 + 210,927
Reverse repurchase agreements (12) 1,049,332 - 211,593 + 824,472
Deposits (0) 4,818,079 + 224,264 + 213,213
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 3,856,203 + 344,573 +1,042,907
U.S. Treasury, General Account 724,898 - 127,031 - 899,506
Foreign official 5,230 - 25 - 11,002
Other (13) (0) 231,748 + 6,746 + 80,814
Deferred availability cash items (0) 213 - 915 - 53
Treasury contributions to credit facilities (14) 40,278 0 - 73,722
Other liabilities and accrued dividends (15) 10,865 + 2,211 + 1,378
Total liabilities (0) 8,058,170 + 19,230 +1,176,215
Capital accounts
Capital paid in 32,818 - 1 + 882
Surplus 6,785 0 - 40
Other capital accounts 0 0 0
Total capital 39,603 - 1 + 842
Note: Components may not sum to totals because of rounding.
1. Includes securities lent to dealers under the overnight securities lending facility; refer to table
1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of
inflation-indexed securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the
remaining principal balance of the securities.
5. Reflects the premium or discount, which is the difference between the purchase price and the face
value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency debt
securities, and mortgage-backed securities, amortization is on an effective-interest basis.
6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
7. Loans includes primary, secondary, and seasonal loans and credit extended through the Primary
Dealer Credit Facility, Money Market Mutual Fund Liquidity Facility, Paycheck Protection Program Liquidity
Facility, and other credit extensions.
8. Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury
contributions to the facility. Refer to note on consolidation below.
9. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used
when the foreign currency is returned to the foreign central bank. This exchange rate equals the
market exchange rate used when the foreign currency was acquired from the foreign central bank.
10. Revalued daily at current foreign currency exchange rates.
11. Includes accrued interest, which represents the daily accumulation of interest earned, and other
accounts receivable.
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
securities, and mortgage-backed securities.
13. Includes deposits held at the Reserve Banks by international and multilateral organizations,
government-sponsored enterprises, designated financial market utilities, and deposits held by depository
institutions in joint accounts in connection with their participation in certain private-sector payment
arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General Account,
for services provided by the Reserve Banks as fiscal agents of the United States.
14. Book value. Amount of equity investments in Corporate Credit Facilities LLC of $13.9 billion, MS
Facilities LLC of $16.6 billion, Municipal Liquidity Facility LLC of $6.3 billion, and TALF II LLC of
$3.5 billion.
15. Includes the liability for earnings remittances due to the U.S. Treasury.
6. Statement of Condition of Each Federal Reserve Bank, July 7, 2021
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San
City Francisco
Assets
Gold certificates and special drawing
rights certificates 16,237 531 5,422 523 752 1,187 2,188 1,136 475 273 455 1,220 2,075
Coin 1,235 19 25 111 54 182 112 232 14 32 85 145 225
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans (1) 7,949,594 131,503 4,454,821 170,256 301,889 528,206 461,487 429,825 103,535 88,426 106,461 348,709 824,477
Net portfolio holdings of Commercial
Paper Funding Facility II LLC (2) 0 0 0 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Corporate
Credit Facilities LLC (2) 25,931 0 25,931 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of MS
Facilities LLC (Main Street Lending
Program) (2) 30,555 30,555 0 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Municipal
Liquidity Facility LLC (2) 10,742 0 10,742 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of TALF II LLC (2) 4,689 0 4,689 0 0 0 0 0 0 0 0 0 0
Central bank liquidity swaps (3) 521 24 175 19 45 108 24 20 10 4 6 9 77
Foreign currency denominated
assets (4) 21,189 962 7,122 761 1,832 4,409 958 830 403 180 229 382 3,120
Other assets (5) 37,081 708 19,504 885 1,407 2,764 2,341 2,057 624 467 805 1,741 3,777
Interdistrict settlement account 0 - 4,228 - 299,092 + 23,631 + 10,754 - 3,421 + 42,811 + 77,640 + 10,640 - 13,977 + 12,503 + 34,262 + 108,476
Total assets 8,097,773 160,073 4,229,339 196,184 316,733 533,437 509,921 511,741 115,702 75,405 120,544 386,468 942,227
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
6. Statement of Condition of Each Federal Reserve Bank, July 7, 2021 (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 2,139,402 65,109 698,722 63,597 104,766 157,159 301,165 128,017 57,586 32,487 53,744 194,500 282,550
Reverse repurchase agreements (6) 1,049,332 17,535 593,141 22,163 38,181 70,314 61,483 57,262 13,681 8,119 13,934 46,403 107,116
Deposits 4,818,079 61,064 2,892,984 108,603 169,854 296,856 144,725 324,239 43,444 34,215 52,160 144,219 545,714
Depository institutions 3,856,203 61,046 2,107,255 108,602 169,809 296,157 144,590 151,953 43,435 33,565 50,098 144,004 545,688
U.S. Treasury, General Account 724,898 0 724,898 0 0 0 0 0 0 0 0 0 0
Foreign official 5,230 2 5,204 1 3 8 2 2 1 0 0 1 6
Other (7) 231,748 16 55,628 0 41 691 133 172,284 9 650 2,061 215 20
Earnings remittances due to the U.S.
Treasury (8) 2,797 36 1,675 52 92 162 158 146 32 19 33 122 271
Treasury contributions to credit
facilities (9) 40,278 16,572 23,706 0 0 0 0 0 0 0 0 0 0
Other liabilities and accrued
dividends 8,281 -2,008 5,843 269 332 778 597 535 216 340 239 393 747
Total liabilities 8,058,170 158,308 4,216,073 194,684 313,225 525,269 508,127 510,200 114,959 75,181 120,109 385,637 936,398
Capital
Capital paid in 32,818 1,457 10,987 1,256 2,921 6,756 1,486 1,275 613 167 361 709 4,830
Surplus 6,785 308 2,280 244 587 1,412 307 266 129 58 73 122 999
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0
Total liabilities and capital 8,097,773 160,073 4,229,339 196,184 316,733 533,437 509,921 511,741 115,702 75,405 120,544 386,468 942,227
Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
6. Statement of Condition of Each Federal Reserve Bank, July 7, 2021 (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 Primary Dealer Credit Facility, 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 Corporate Credit Facilities LLC of $13.9 billion, MS Facilities LLC of $16.6 billion, and Municipal Liquidity Facility LLC of $6.3 billion, and TALF II
LLC of $3.5 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).
7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
Jul 7, 2021
Federal Reserve notes outstanding 2,332,317
Less: Notes held by F.R. Banks not subject to collateralization 192,915
Federal Reserve notes to be collateralized 2,139,402
Collateral held against Federal Reserve notes 2,139,402
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 2,123,165
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 7,523,709
Less: Face value of securities under reverse repurchase agreements 1,044,276
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 6,479,433
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