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FEDERAL RESERVE statistical release For Release at 4:30 P.M. Eastern time December 30, 2021 The Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks," has been modified to reflect closing the Corporate Credit Facilities LLC (CCF LLC). CCF LLC related lines were removed from table 4 and table 6. Footnote 2 in Information on Principal Amounts of Credit Facilities LLCs (table 4) was revised accordingly. FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks December 30, 2021 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 Reserve Bank credit Securities held outright1 U.S. Treasury securities Bills2 Notes and bonds, nominal2 Notes and bonds, inflation-indexed2 Inflation compensation3 Federal agency debt securities2 Mortgage-backed securities4 Unamortized premiums on securities held outright5 Unamortized discounts on securities held outright5 Repurchase agreements6 Foreign official Others Loans Primary credit Secondary credit Seasonal credit Primary Dealer Credit Facility Money Market Mutual Fund Liquidity Facility Paycheck Protection Program Liquidity Facility Other credit extensions Net portfolio holdings of Commercial Paper Funding Facility II LLC7 Net portfolio holdings of Corporate Credit Facilities LLC7 Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)7 Net portfolio holdings of Municipal Liquidity Facility LLC7 Net portfolio holdings of TALF II LLC7 Float Central bank liquidity swaps8 Other Federal Reserve assets9 Foreign currency denominated assets10 Gold stock Special drawing rights certificate account Treasury currency outstanding11 Week ended Dec 29, 2021 8,741,648 8,289,331 5,651,960 326,044 4,870,809 383,200 71,907 2,347 2,635,024 353,769 -17,988 0 0 0 35,996 485 0 0 0 0 35,511 0 Averages of daily figures Change from week ended Dec 22, 2021 Dec 30, 2020 + + + + + - - 0 0 29,399 7,932 2,627 -139 3,349 37,373 20,357 11,041 5,200 50,928 + + + + + - + 149 1,711 7,998 0 6,073 985 940 0 9,708 822 1 0 0 0 1,792 218 0 0 0 0 1,574 0 +1,391,238 +1,531,670 + 963,054 0 + 863,616 + 71,176 + 28,263 0 + 568,615 + 9,634 12,549 1,000 1,000 0 20,981 1,300 0 0 485 3,873 15,323 0 Wednesday Dec 29, 2021 8,719,059 8,270,111 5,652,272 326,044 4,870,809 383,200 72,219 2,347 2,615,492 352,893 -17,973 0 0 0 34,952 640 0 0 0 0 34,312 0 0 0 - 8,557 46,455 0 0 5 26 1 6 3,093 1,097 28 0 0 14 + + - 24,118 13,343 10,036 53 13,634 557 1,881 0 0 476 29,406 7,864 2,627 -540 3,341 36,379 20,353 11,041 5,200 50,928 +1,389,833 8,806,581 8,829,174 162 Total factors supplying reserve funds 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 Week ended Dec 29, 2021 Averages of daily figures Change from week ended Dec 22, 2021 Dec 30, 2020 Currency in circulation11 Reverse repurchase agreements12 Foreign official and international accounts Others Treasury cash holdings Deposits with F.R. Banks, other than reserve balances Term deposits held by depository institutions U.S. Treasury, General Account Foreign official Other13 Treasury contributions to credit facilities14 Other liabilities and capital15 2,233,653 1,876,175 280,313 1,595,862 72 531,749 0 211,849 10,698 309,202 21,258 50,071 + + + - 8,652 129,452 14,315 115,136 2 190,404 0 126,895 5,438 58,072 0 956 Total factors, other than reserve balances, absorbing reserve funds 4,712,978 + 4,116,196 - Reserve balances with Federal Reserve Banks Note: Components may not sum to totals because of rounding. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. + + + Wednesday Dec 29, 2021 + 152,182 +1,671,158 + 75,560 +1,595,598 + 42 -1,334,507 0 -1,379,206 11,132 + 55,830 92,742 341 2,236,532 1,920,789 278,283 1,642,506 65 539,646 0 283,995 9,672 245,980 21,258 48,430 68,651 + 395,793 4,766,721 68,813 + 994,040 4,039,860 Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. Face value of the securities. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities. 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. Cash value of agreements. 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. 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. Includes bank premises, accrued interest, and other accounts receivable. Revalued daily at current foreign currency exchange rates. Estimated. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities 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. Book value. Amount of equity investments in MS Facilities LLC of $15.7 billion, Municipal Liquidity Facility LLC of $4.2 billion, and TALF II LLC of $1.4 billion. 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 Securities held in custody for foreign official and international accounts Marketable U.S. Treasury securities1 Federal agency debt and mortgage-backed securities2 Other securities3 Securities lent to dealers Overnight facility4 U.S. Treasury securities Federal agency debt securities Note: Components may not sum to totals because of rounding. 1. 2. 3. 4. Week ended Dec 29, 2021 3,412,684 3,013,160 318,248 81,277 33,097 33,097 33,097 0 Averages of daily figures Change from week ended Dec 22, 2021 Dec 30, 2020 + + + + 12,291 9,339 3,037 86 800 800 800 0 + + + 77,894 33,478 39,111 5,304 3,970 3,970 3,970 0 Wednesday Dec 29, 2021 3,410,373 3,011,488 317,484 81,401 36,072 36,072 36,072 0 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. Face value of federal agency securities and current face value of mortgage-backed securities, which is the remaining principal balance of the securities. Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed securities, and commercial paper at face value. Face value. Fully collateralized by U.S. Treasury securities. H.4.1 2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, December 29, 2021 Millions of dollars Within 15 days Remaining Maturity Loans U.S. Treasury securities2 Holdings Weekly changes 332 1 Federal agency debt securities3 Holdings Weekly changes 16 days to 90 days + 89,057 10,988 308 - 320,220 9,579 0 0 Mortgage-backed securities4 0 Holdings 0 Weekly changes Loan participations held by MS Facilities LLC (Main Street Lending 0 Program)5 Municipal notes held by Municipal 0 Liquidity Facility LLC6 0 Loans held by TALF II LLC7 0 Repurchase agreements8 3,291 Central bank liquidity swaps9 1,920,789 Reverse repurchase agreements8 0 Term deposits Note: Components may not sum to totals because of rounding. ...Not applicable. 1. 2. 3. 4. 5. 6. 7. 8. 9. - 0 0 0 1 Over 1 year to 5 years Over 5 year to 10 years 1,486 32,826 0 714,817 1,346 2,154,028 + 286 1,023,519 + 288 0 0 0 0 2,134 0 91 days to 1 year - 26 4 - 1,802 94 - 60,323 1,141 Over 10 years All ... 1,350,631 1,813 + 34,952 5,652,272 2,449 + 213 0 2,553,341 32,930 - 2,347 0 2,615,492 34,169 - 0 0 15,666 ... ... 15,666 0 0 0 50 0 0 0 0 ... 0 ... 0 4,131 1,346 ... 0 ... ... ... ... ... 0 ... ... ... ... ... 0 ... ... 4,131 1,346 0 3,341 1,920,789 0 Loans includes primary, secondary, and seasonal loans and credit extended through the Paycheck Protection Program Liquidity Facility and other credit extensions. 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. 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. Face value. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities. Book value of the loan participations held by the MS Facilities LLC. Book value of the municipal notes held by the Municipal Liquidity Facility LLC. Book value of the loans held by the TALF II LLC. Cash value of agreements. 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 Wednesday Dec 29, 2021 Account name 2,615,492 2,606,255 9,237 Mortgage-backed securities held outright1 Residential mortgage-backed securities Commercial mortgage-backed securities 94,748 Commitments to buy mortgage-backed securities2 Commitments to sell mortgage-backed securities2 83 6 Cash and cash equivalents3 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 Wednesday Dec 29, 2021 Net portfolio holdings of Credit Facilities LLCs Outstanding principal amount of loan extended to the LLC1 15,478 MS Facilities LLC (Main Street Lending Program) 4,131 Municipal Liquidity Facility LLC 1,431 TALF II LLC Note: Components may not sum to totals because of rounding. Credit Facilities LLCs: 1. 2. 3. Outstanding amount of facility asset purchases2 13,340 4,131 1,346 Treasury contributions and other assets3 16,066 3,733 1,281 Total 29,406 7,864 2,627 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. 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 September 30, 2021. b. For the Municipal Liquidity Facility LLC includes municipal notes at book value. Asset balances from trading activity may be reported on a one-day lag after the transaction date. c. For the TALF II LLC includes loans to holders of eligible asset-backed securities at book value. 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 Assets Gold certificate account Special drawing rights certificate account Coin Securities, unamortized premiums and discounts, repurchase agreements, and loans Securities held outright1 U.S. Treasury securities Bills2 Notes and bonds, nominal2 Notes and bonds, inflation-indexed2 Inflation compensation3 Federal agency debt securities2 Mortgage-backed securities4 Unamortized premiums on securities held outright5 Unamortized discounts on securities held outright5 Repurchase agreements6 Loans7 Net portfolio holdings of Commercial Paper Funding Facility II LLC8 Net portfolio holdings of Corporate Credit Facilities LLC8 Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)8 Net portfolio holdings of Municipal Liquidity Facility LLC8 Net portfolio holdings of TALF II LLC8 Items in process of collection Bank premises Central bank liquidity swaps9 Foreign currency denominated assets10 Other assets11 Eliminations from consolidation Wednesday Dec 29, 2021 11,037 5,200 1,212 8,639,983 8,270,111 5,652,272 326,044 4,870,809 383,200 72,219 2,347 2,615,492 352,893 -17,973 0 34,952 Change since Wednesday Wednesday Dec 22, 2021 Dec 30, 2020 + + + + + - 0 0 (0) 29,406 7,864 2,627 59 1,402 3,341 20,353 34,976 (0) 8,757,460 Total assets Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 0 0 8 35,560 31,720 2,449 0 1,601 0 848 0 34,169 1,731 22 0 2,130 - 0 0 350 +1,514,058 +1,539,380 + 963,356 0 + 863,616 + 71,176 + 28,565 0 + 576,024 + 9,970 12,543 1,000 21,749 0 0 - 8,557 46,532 + + - 8 95 0 3 6 3,076 32 444 + 24,667 13,414 10,037 23 820 14,542 2,076 1,070 - 33,035 + - +1,394,109 H.4.1 5. Consolidated Statement of Condition of All Federal Reserve Banks (continued) Millions of dollars Assets, liabilities, and capital Liabilities Federal Reserve notes, net of F.R. Bank holdings Reverse repurchase agreements12 Deposits Term deposits held by depository institutions Other deposits held by depository institutions U.S. Treasury, General Account Foreign official Other13 Deferred availability cash items Treasury contributions to credit facilities14 Other liabilities and accrued dividends15 Total liabilities Capital accounts Capital paid in Surplus Other capital accounts Total capital Note: Components may not sum to totals because of rounding. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. Eliminations from consolidation (0) (0) (0) (0) Wednesday Dec 29, 2021 Change since Wednesday Wednesday Dec 22, 2021 Dec 30, 2020 2,186,877 1,920,789 4,579,506 0 4,039,860 283,995 9,672 245,980 599 21,258 7,769 + + - 5,694 62,126 23,322 0 65,066 86,479 4,483 2,573 339 0 265 + 148,904 +1,711,026 - 371,861 0 + 896,883 -1,329,519 12,159 + 72,935 244 92,742 2,434 8,716,799 - 33,035 +1,392,649 + + + 33,876 6,785 0 0 0 0 + - 1,500 40 0 40,661 0 + 1,460 Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. Face value of the securities. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities. 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. 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, Money Market Mutual Fund Liquidity Facility, Paycheck Protection Program Liquidity Facility, and other credit extensions. 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. 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. Revalued daily at current foreign currency exchange rates. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 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. Book value. Amount of equity investments in MS Facilities LLC of $15.7 billion, Municipal Liquidity Facility LLC of $4.2 billion, and TALF II LLC of $1.4 billion. Includes the liability for earnings remittances due to the U.S. Treasury. H.4.1 6. Statement of Condition of Each Federal Reserve Bank, December 29, 2021 Millions of dollars Assets, liabilities, and capital Assets Gold certificates and special drawing rights certificates Coin Securities, unamortized premiums and discounts, repurchase agreements, and loans1 Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)2 Net portfolio holdings of Municipal Liquidity Facility LLC2 Net portfolio holdings of TALF II LLC2 Central bank liquidity swaps3 Foreign currency denominated assets4 Other assets5 Interdistrict settlement account Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City San Francisco Dallas 16,237 1,212 531 12 5,422 22 523 113 752 45 1,187 178 2,188 107 1,136 225 475 17 273 33 455 87 1,220 149 2,075 225 8,639,983 143,830 4,869,042 181,939 319,560 577,160 504,323 469,711 112,576 78,836 114,740 380,752 887,515 29,406 29,406 0 0 0 0 0 0 0 0 0 0 0 7,864 2,627 3,341 0 0 152 7,864 2,627 1,123 0 0 120 0 0 289 0 0 695 0 0 151 0 0 131 0 0 64 0 0 28 0 0 36 0 0 60 0 0 492 6,847 19,155 565,312 + 731 872 2,594 + 20,353 36,437 0 + 923 705 34,164 - 1,759 1,393 22,931 + 8,757,460 209,722 4,346,789 186,891 346,729 Total assets Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 4,234 2,738 110,661 + 696,853 920 2,245 77,462 + 587,396 797 2,025 108,948 + 582,973 387 598 25,155 + 139,272 173 467 2,932 + 82,741 220 795 25,839 + 142,173 367 1,721 71,569 + 455,837 2,996 3,724 83,056 980,083 H.4.1 6. Statement of Condition of Each Federal Reserve Bank, December 29, 2021 (continued) Millions of dollars Assets, liabilities, and capital Liabilities Federal Reserve notes, net Reverse repurchase agreements6 Deposits Depository institutions U.S. Treasury, General Account Foreign official Other7 Earnings remittances due to the U.S. Treasury8 Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City San Francisco Dallas 2,186,877 1,920,789 4,579,506 73,001 32,098 88,705 698,633 1,085,738 2,538,067 62,187 40,569 82,352 103,904 69,890 168,681 155,038 128,708 403,948 327,429 112,543 144,882 121,912 104,818 354,126 65,002 25,042 48,206 33,156 14,862 34,297 56,013 25,507 59,984 193,264 84,940 176,282 297,339 196,074 479,977 4,039,860 283,995 9,672 245,980 88,688 0 2 16 2,192,315 283,995 9,646 52,112 82,351 0 1 0 168,635 0 3 42 403,224 0 8 716 144,747 0 2 132 162,787 0 2 191,337 48,194 0 1 11 33,931 0 0 366 59,066 0 0 917 176,017 0 1 265 479,906 0 6 66 1,931 15 1,230 32 53 80 91 98 17 12 19 78 207 21,258 15,674 5,584 0 0 0 0 0 0 0 0 0 0 6,437 -1,538 3,460 252 304 874 1,042 470 194 185 228 337 630 8,716,799 207,956 4,332,711 185,391 342,831 688,648 585,987 581,423 138,461 82,513 141,750 454,901 974,227 33,876 6,785 0 1,459 308 0 11,797 2,280 0 1,257 244 0 3,311 587 0 6,793 1,412 0 1,102 307 0 1,283 266 0 682 129 0 170 58 0 350 73 0 814 122 0 4,857 999 0 8,757,460 209,722 4,346,789 186,891 346,729 Total liabilities and capital Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 696,853 587,396 582,973 139,272 82,741 142,173 455,837 980,083 Treasury contributions to credit facilities9 Other liabilities and accrued dividends Total liabilities Capital Capital paid in Surplus Other capital H.4.1 6. Statement of Condition of Each Federal Reserve Bank, December 29, 2021 (continued) 1. 2. 3. 4. 5. 6. 7. 8. 9. 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. 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. 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. Revalued daily at current foreign currency exchange rates. Includes items in process of collection, bank premises, accrued interest (which represents the daily accumulation of interest earned), and other accounts receivable. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 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. 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. Book value. Amount of equity investments in MS Facilities LLC of $15.7 billion, Municipal Liquidity Facility LLC of $4.2 billion, and TALF II LLC of $1.4 billion. Note on consolidation: The Federal Reserve Bank of New York (FRBNY) and the Federal Reserve Bank of Boston (FRBB) have extended loans to limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On April 14, 2020, FRBNY began extending loans to the Commercial Paper Funding Facility II LLC (CPFF II LLC), a limited liability company formed to purchase three-month U.S dollardenominated 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 Federal Reserve notes outstanding Less: Notes held by F.R. Banks not subject to collateralization Federal Reserve notes to be collateralized Collateral held against Federal Reserve notes Gold certificate account Special drawing rights certificate account U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 Other assets pledged Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 Less: Face value of securities under reverse repurchase agreements U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged Note: Components may not sum to totals because of rounding. 1. 2. 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. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. Wednesday Dec 29, 2021 2,437,093 250,216 2,186,877 2,186,877 11,037 5,200 2,170,640 0 8,270,111 1,863,367 6,406,744
@FedFRASER