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FEDERAL RESERVE statistical release For Release at 4:30 P.M. Eastern time February 3, 2022 In table 4, the outstanding amount of facility asset purchases for MS Facilities LLC (Main Street Lending Program) reflects the quarterly update to the allowance for loan losses. The allowance for loan losses was estimated based upon the Main Street Lending Program holdings as of December 31, 2021. FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks February 3, 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 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 Feb 2, 2022 8,827,509 8,383,836 5,720,646 326,044 4,938,131 382,693 73,778 2,347 2,660,843 351,481 -19,062 0 0 0 30,099 307 0 0 0 0 29,792 0 Averages of daily figures Change from week ended Jan 26, 2022 Feb 3, 2021 + + + + - - - 0 0 29,243 7,869 2,576 -481 264 41,683 20,200 11,041 5,200 50,998 + + - + 10,992 9,033 13,962 0 10,232 2,909 820 0 22,994 861 106 0 0 0 927 115 0 0 0 0 813 0 +1,460,675 +1,542,923 + 951,862 0 + 854,581 + 66,387 + 30,894 0 + 591,060 + 6,300 12,817 1,000 1,000 0 20,743 1,536 0 0 531 1,861 16,815 0 Wednesday Feb 2, 2022 8,835,075 8,391,301 5,728,109 326,044 4,943,022 385,089 73,954 2,347 2,660,845 351,482 -19,168 0 0 0 29,628 268 0 0 0 0 29,361 0 0 0 - 8,558 26,289 0 0 305 1 25 281 1 65 202 0 0 14 + - 4,061 3,743 3,867 64 8,415 1,007 1,813 0 0 522 29,249 7,870 2,542 -150 264 42,057 20,446 11,041 5,200 50,998 +1,459,384 8,922,761 8,914,948 11,180 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 Feb 2, 2022 Averages of daily figures Change from week ended Jan 26, 2022 Feb 3, 2021 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 2,228,891 1,896,979 283,435 1,613,545 26 930,164 0 675,773 6,649 247,742 21,258 47,916 + + + - 1,974 43,998 3,010 47,007 1 41,548 0 60,896 1,274 18,074 0 297 Total factors, other than reserve balances, absorbing reserve funds 5,125,234 - 3,789,714 - 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 Feb 2, 2022 + 131,500 +1,673,390 + 63,297 +1,610,094 23 - 909,998 0 - 949,552 15,200 + 54,754 30,520 1,561 2,230,088 1,906,571 279,676 1,626,895 24 959,976 0 710,267 5,621 244,088 21,258 48,227 4,720 + 862,788 5,166,144 6,460 + 596,596 3,756,617 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 Feb 2, 2022 3,457,868 3,052,999 322,916 81,953 42,762 42,762 42,762 0 Averages of daily figures Change from week ended Jan 26, 2022 Feb 3, 2021 + + + + 324 500 642 182 5,143 5,143 5,143 0 + + + 73,425 30,741 36,234 6,450 7,934 7,934 7,934 0 Wednesday Feb 2, 2022 3,466,187 3,061,188 323,050 81,949 42,502 42,502 42,502 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, February 2, 2022 Millions of dollars Within 15 days Remaining Maturity Loans U.S. Treasury securities2 Holdings Weekly changes 37 1 Federal agency debt securities3 Holdings Weekly changes 16 days to 90 days + 120,740 29,508 700 - 284,249 42,315 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 264 Central bank liquidity swaps9 1,906,571 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 1 0 Over 1 year to 5 years Over 5 year to 10 years 618 28,274 0 738,168 16,224 2,203,397 + 5,750 1,011,998 2,479 0 0 0 0 2,134 0 91 days to 1 year + 37 8 + 2,106 206 - 59,442 214 Over 10 years All ... 1,369,557 5,205 + 29,628 5,728,109 11,892 + 213 0 2,599,259 24 + 2,347 0 2,660,845 25 + 0 0 15,256 ... ... 15,256 451 0 0 0 0 0 0 0 ... 0 ... 0 2,907 1,291 ... 0 ... ... ... ... ... 0 ... ... ... ... ... 0 ... ... 3,358 1,291 0 264 1,906,571 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 Account name Wednesday Feb 2, 2022 Mortgage-backed securities held outright1 Residential mortgage-backed securities Commercial mortgage-backed securities 2,660,845 2,651,747 9,098 84,098 Commitments to buy mortgage-backed securities2 Commitments to sell mortgage-backed securities2 0 2 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 Feb 2, 2022 Net portfolio holdings of Credit Facilities LLCs Outstanding principal amount of loan extended to the LLC1 15,011 MS Facilities LLC (Main Street Lending Program) 4,131 Municipal Liquidity Facility LLC 1,345 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 13,227 3,358 1,291 Treasury contributions and other assets3 16,023 4,512 1,251 Total 29,249 7,870 2,542 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 December 31, 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 Change since Wednesday Wednesday Jan 26, 2022 Feb 3, 2021 Wednesday Feb 2, 2022 11,037 5,200 1,253 8,753,244 8,391,301 5,728,109 326,044 4,943,022 385,089 73,954 2,347 2,660,845 351,482 -19,168 0 29,628 + + + + + + + + - 0 0 (0) 29,249 7,870 2,542 50 1,372 264 20,446 40,686 (0) 8,873,211 Total assets Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 0 0 9 10,651 11,917 11,892 0 7,808 3,592 491 0 25 128 197 0 943 - 0 0 316 +1,517,864 +1,547,091 + 956,035 0 + 857,985 + 67,068 + 30,982 0 + 591,056 + 5,841 12,833 1,000 21,237 0 0 - 8,558 26,290 + + + + + 304 1 60 1 11 1 121 1,712 + 4,062 3,743 3,862 23 833 8,415 1,450 2,303 + 12,726 +1,462,613 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 Feb 2, 2022 Change since Wednesday Wednesday Jan 26, 2022 Feb 3, 2021 2,180,362 1,906,571 4,716,593 0 3,756,617 710,267 5,621 244,088 200 21,258 7,671 + + - + 91 15,381 4,301 0 68,459 70,647 1,049 5,440 371 0 1,877 + 130,056 +1,697,638 - 332,601 0 + 553,895 - 919,462 16,233 + 49,199 + 62 30,520 3,374 8,832,656 + 12,678 +1,461,261 33,770 6,785 0 + 48 0 0 + - 1,392 40 0 40,555 + 48 + 1,352 + - 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, February 2, 2022 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 1,253 531 16 5,422 23 523 112 752 48 1,187 180 2,188 113 1,136 230 475 21 273 36 455 90 1,220 157 2,075 226 8,753,244 145,826 4,935,244 184,284 322,791 584,994 511,147 476,099 114,028 78,489 116,252 385,942 898,149 29,249 29,249 0 0 0 0 0 0 0 0 0 0 0 7,870 2,542 264 0 0 12 7,870 2,542 89 0 0 9 0 0 23 0 0 55 0 0 12 0 0 10 0 0 5 0 0 2 0 0 3 0 0 5 0 0 39 20,446 42,107 0 + 923 796 9,299 - 6,941 22,489 250,304 - 730 980 2,172 - 1,759 1,592 852 - 8,873,211 186,652 4,730,315 184,467 326,113 Total assets Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 4,233 3,106 16,166 + 577,588 920 2,537 58,303 + 575,220 797 2,301 87,326 + 567,899 387 718 22,047 137,680 173 525 18 + 79,481 220 877 19,868 + 137,765 367 1,949 69,341 + 458,980 2,996 4,238 3,329 911,052 H.4.1 6. Statement of Condition of Each Federal Reserve Bank, February 2, 2022 (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 2,180,362 1,906,571 4,716,593 72,105 31,860 66,351 701,077 1,077,700 2,927,023 60,658 40,268 81,804 102,475 69,373 149,989 152,852 127,756 288,107 325,817 111,710 135,684 124,568 104,042 337,234 64,014 24,857 47,769 32,704 14,752 31,596 56,607 25,318 55,189 190,275 84,312 183,041 297,211 194,623 412,806 3,756,617 710,267 5,621 244,088 66,324 0 2 25 2,159,780 710,267 5,595 51,381 81,803 0 1 0 149,916 0 3 69 286,981 0 8 1,118 135,552 0 2 131 147,269 0 2 189,964 47,761 0 1 8 31,004 0 0 592 54,618 0 0 571 182,868 0 1 172 412,742 0 6 57 3,897 45 2,715 51 83 169 164 141 49 30 48 121 281 21,258 15,674 5,584 0 0 0 0 0 0 0 0 0 0 3,974 -1,270 2,183 190 212 551 530 372 170 149 185 253 450 8,832,656 184,765 4,716,283 182,971 322,131 569,434 573,905 566,357 136,859 79,232 137,346 458,001 905,371 33,770 6,785 0 1,594 292 0 11,669 2,363 0 1,244 252 0 3,319 663 0 6,793 1,361 0 1,094 221 0 1,285 257 0 685 137 0 215 34 0 348 70 0 816 163 0 4,708 973 0 8,873,211 186,652 4,730,315 184,467 326,113 Total liabilities and capital Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 577,588 575,220 567,899 137,680 79,481 137,765 458,980 911,052 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, February 2, 2022 (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 Feb 2, 2022 2,457,608 277,245 2,180,362 2,180,362 11,037 5,200 2,164,126 0 8,391,301 1,883,808 6,507,492
@FedFRASER