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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 September 15, 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 Paycheck Protection Program Liquidity Facility Other credit extensions 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 Sep 14, 2022 Averages of daily figures Change from week ended Sep 7, 2022 Sep 15, 2021 8,788,731 8,400,771 5,687,814 318,882 4,893,074 375,761 100,096 2,347 2,710,611 326,233 -26,810 9 0 9 19,776 5,201 0 46 0 14,529 0 0 + - 25,952 5,558 2,145 -153 203 35,046 17,320 11,041 5,200 51,300 + + + + + + - + + + + + + - + 488 2,568 3,889 3,877 0 0 13 0 1,322 558 48 8 0 8 626 908 0 4 0 287 0 0 + + + + + + 16 2 1 9 6 2,993 62 0 0 14 + - 8,873,592 + 441 Total factors supplying reserve funds Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. Wednesday Sep 14, 2022 436,695 553,012 303,203 7,162 256,914 16,209 37,240 0 249,810 28,289 11,233 9 0 9 51,824 4,927 0 21 0 56,772 0 15,056 8,797,781 8,407,904 5,687,031 318,105 4,893,074 375,761 100,091 2,347 2,718,526 326,059 -26,773 0 0 0 20,606 6,158 0 49 0 14,399 0 0 + 4,589 4,213 2,367 31 126 1,401 3,941 0 0 641 25,969 5,559 2,146 -163 203 36,270 17,282 11,041 5,200 51,300 + 433,394 8,882,604 + + + + + - 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 Sep 14, 2022 Averages of daily figures Change from week ended Sep 7, 2022 Sep 15, 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 2,281,911 2,485,489 273,138 2,212,350 98 806,696 0 593,808 7,435 205,452 17,940 46,531 + + + Total factors, other than reserve balances, absorbing reserve funds 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 Sep 14, 2022 - 1,208 43,154 11,173 31,980 0 11,422 0 12,513 1,147 55 0 2,356 + 84,605 +1,084,629 21,528 +1,106,156 + 51 + 327,469 0 + 363,480 + 814 36,826 22,338 4,764 2,280,792 2,526,689 301,110 2,225,579 99 851,107 0 617,997 7,435 225,675 17,940 47,284 5,638,664 + 51,011 +1,469,651 5,723,910 3,234,928 - 50,570 -1,036,256 3,158,694 + + + 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 $13.9 billion, Municipal Liquidity Facility LLC of $2.9 billion, and TALF II LLC of $1.2 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 Sep 14, 2022 3,376,510 2,978,017 314,254 84,240 48,273 48,273 48,270 3 Averages of daily figures Change from week ended Sep 7, 2022 Sep 15, 2021 + + + + + 11,192 12,411 1,370 150 3,161 3,161 3,158 3 + + + + 94,195 68,733 17,783 7,678 17,498 17,498 17,495 3 Wednesday Sep 14, 2022 3,384,047 2,977,631 322,433 83,983 48,185 48,185 48,175 10 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, September 14, 2022 Millions of dollars Within 15 days Remaining Maturity Loans U.S. Treasury securities2 Holdings Weekly changes 3,134 1 Federal agency debt securities3 Holdings Weekly changes + 52,038 3,069 2. 3. 4. 5. 6. 7. 8. 9. Over 5 year to 10 years 0 14,389 0 810,627 1,338 2,010,470 5 1,000,928 4 0 0 0 0 0 0 2,347 0 2 0 54 0 3,364 0 55,805 0 0 0 13,181 ... ... 13,181 0 0 0 0 0 0 0 358 ... 0 ... 0 2,907 718 ... 0 ... ... ... ... ... 0 ... ... ... ... ... 0 ... ... 2,907 1,076 0 203 2,526,689 0 91 days to 1 year 3,082 - 358,104 8,124 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 203 Central bank liquidity swaps9 2,526,689 Reverse repurchase agreements8 0 Term deposits Note: Components may not sum to totals because of rounding. ...Not applicable. 1. Over 1 year to 5 years 16 days to 90 days + Over 10 years All ... 1,454,864 4 - 20,606 5,687,031 3,729 - 0 0 2,659,300 9,234 + 2,347 0 2,718,526 9,235 + 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. 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 Sep 14, 2022 Account name 2,718,526 2,709,847 8,679 Mortgage-backed securities held outright1 Residential mortgage-backed securities Commercial mortgage-backed securities 7,709 Commitments to buy mortgage-backed securities2 Commitments to sell mortgage-backed securities2 0 0 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 Sep 14, 2022 Net portfolio holdings of Credit Facilities LLCs Outstanding principal amount of loan extended to the LLC1 12,938 MS Facilities LLC (Main Street Lending Program) 2,907 Municipal Liquidity Facility LLC 1,110 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 11,393 2,907 1,076 Treasury contributions and other assets3 14,576 2,652 1,070 Total 25,969 5,559 2,146 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 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. 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 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 Sep 14, 2022 11,037 5,200 1,244 (0) Change since Wednesday Wednesday Sep 7, 2022 Sep 15, 2021 - 8,727,796 8,407,904 5,687,031 318,105 4,893,074 375,761 100,091 2,347 2,718,526 326,059 -26,773 0 20,606 0 + + - 25,969 5,559 2,146 49 606 203 17,282 35,667 (0) 8,832,759 Total assets Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 0 0 13 + 0 0 35 7,065 5,505 3,729 3,715 0 0 14 0 9,235 525 50 5 2,139 0 + + + + + + - 409,080 499,529 295,159 7,939 249,827 16,209 37,061 0 204,370 29,672 11,208 0 49,568 12,308 + + + + + + + 19 1 1 27 6 6 120 3,177 + 4,468 4,213 2,366 8 984 126 4,000 3,346 + 10,358 + 383,989 + + + - 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 Sep 14, 2022 Change since Wednesday Wednesday Sep 7, 2022 Sep 15, 2021 2,230,831 2,526,689 4,009,804 0 3,158,697 617,997 7,435 225,675 212 17,940 5,451 + - - 3,513 66,791 51,891 0 112,639 35,076 0 25,673 51 0 977 8,790,925 + 10,359 + 382,018 35,049 6,785 0 0 0 0 + 1,971 0 0 41,834 0 + 1,971 + + - + 83,288 +1,151,013 - 826,943 0 -1,085,980 + 273,329 + 2,170 16,461 + 33 22,338 3,033 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, 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 $13.9 billion, Municipal Liquidity Facility LLC of $2.9 billion, and TALF II LLC of $1.2 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, September 14, 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 1,244 544 19 5,271 23 537 110 763 52 1,203 189 2,247 93 1,093 226 461 28 263 36 440 90 1,279 158 2,136 220 8,727,796 174,403 4,467,162 200,458 350,593 606,842 569,849 595,514 136,846 67,039 136,197 446,591 976,301 25,969 25,969 0 0 0 0 0 0 0 0 0 0 0 5,559 2,146 203 0 0 9 5,559 2,146 71 0 0 8 0 0 20 0 0 41 0 0 7 0 0 8 0 0 4 0 0 1 0 0 2 0 0 5 0 0 29 17,282 36,322 0 - 744 823 17,928 + 6,020 17,497 332,162 - 641 920 38,715 - 1,689 1,500 58,526 - 8,832,759 184,582 4,835,913 163,959 296,091 Total assets Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 3,465 2,832 9,159 + 605,414 562 2,413 2,237 577,408 655 2,439 57,539 542,396 348 679 7,427 130,939 87 464 955 66,935 178 846 17,838 119,916 415 1,934 26,795 423,586 2,477 3,973 99,516 885,620 H.4.1 6. Statement of Condition of Each Federal Reserve Bank, September 14, 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 2,230,831 2,526,689 4,009,804 78,403 50,584 40,564 708,346 1,295,437 2,811,029 55,311 58,047 48,879 103,748 100,898 87,181 152,940 176,076 267,202 345,800 165,312 64,311 122,693 172,724 244,998 70,715 39,682 19,437 33,719 17,916 14,886 54,516 39,442 25,314 193,013 129,542 99,638 311,629 281,028 286,365 3,158,697 617,997 7,435 225,675 40,555 0 2 7 2,118,460 617,997 7,409 67,163 48,878 0 1 0 87,148 0 4 30 266,571 0 8 623 64,263 0 1 47 87,450 0 2 157,546 19,428 0 1 8 14,812 0 0 74 25,284 0 0 30 99,507 0 1 129 286,340 0 6 19 -45 -4 -213 8 29 -62 83 -6 10 0 5 40 65 17,940 13,891 4,049 0 0 0 0 0 0 0 0 0 0 5,708 -658 2,652 216 258 812 576 477 178 159 207 283 548 8,790,925 182,780 4,821,300 162,461 292,114 596,967 576,083 540,885 130,022 66,679 119,484 422,517 879,635 35,049 6,785 0 1,511 292 0 12,250 2,363 0 1,247 252 0 3,313 663 0 7,086 1,361 0 1,105 221 0 1,253 257 0 780 137 0 221 34 0 362 70 0 907 163 0 5,013 973 0 8,832,759 184,582 4,835,913 163,959 296,091 Total liabilities and capital Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 605,414 577,408 542,396 130,939 66,935 119,916 423,586 885,620 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, September 14, 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 $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 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 Sep 14, 2022 2,572,657 341,826 2,230,831 2,230,831 11,037 5,200 2,214,594 0 8,407,904 2,699,394 5,708,510