FEDERAL RESERVE statistical release

For Release at

4:30 P.M. Eastern time

November 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 September 30, 2022.
FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and 

Condition Statement of Federal Reserve Banks November 3, 2022

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at 

Federal Reserve Banks

Week ended

Nov 2, 2022 Oct 26, 2022 Nov 3, 2021

Wednesday

Nov 2, 2022

Reserve Bank credit 8,661,929 - 39,399 + 131,187 8,642,059

Securities held outright1 8,273,847 - 27,211 + 216,660 8,255,836

U.S. Treasury securities 5,592,979 - 16,398 + 65,960 5,574,965

Bills2 296,059 - 2,935 - 29,985 296,059

Notes and bonds, nominal2 4,821,246 - 13,442 + 57,470 4,803,184

Notes and bonds, inflation-indexed2 375,761 0 + 4,633 375,761

Inflation compensation3 99,913 - 21 + 33,841 99,961

Federal agency debt securities2 2,347 0 0 2,347

Mortgage-backed securities4 2,678,521 - 10,813 + 150,700 2,678,523

Unamortized premiums on securities held outright5 320,373 - 940 - 34,083 320,135

Unamortized discounts on securities held outright5 -26,833 - 13 - 10,349 -26,783

Repurchase agreements6 0 - 2 0 1

Foreign official 0 0 0 1

Others 0 - 2 0 0

Loans 19,112 + 384 - 29,987 17,443

Primary credit 5,976 + 745 + 5,646 4,407

Secondary credit 0 0 0 0

Seasonal credit 17 - 10 + 7 8

Primary Dealer Credit Facility 0 0 0 0

Paycheck Protection Program Liquidity Facility 13,118 - 352 - 35,641 13,028

Other credit extensions 0 0 0 0

Net portfolio holdings of Corporate Credit Facilities LLC7 0 0 - 515 0

Net portfolio holdings of MS Facilities LLC (Main Street 

Lending Program)7 25,621 + 415 - 4,881 25,637

Net portfolio holdings of Municipal Liquidity Facility LLC7 5,573 + 3 - 4,210 5,574

Net portfolio holdings of TALF II LLC7 2,124 - 14 - 2,367 2,103

Float -477 - 252 - 52 -182

Central bank liquidity swaps8 203 - 11,099 - 129 203

Other Federal Reserve assets9 42,387 - 669 + 1,100 42,093

Foreign currency denominated assets10 17,018 + 31 - 3,696 17,081

Gold stock 11,041 0 0 11,041

Special drawing rights certificate account 5,200 0 0 5,200

Treasury currency outstanding11 51,398 + 14 + 697 51,398

Total factors supplying reserve funds 8,746,586 - 39,354 + 128,188 8,726,779

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

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and 

reserve balances of depository institutions at

Federal Reserve Banks

Week ended

Nov 2, 2022 Oct 26, 2022 Nov 3, 2021

Wednesday

Nov 2, 2022

Currency in circulation11 2,284,651 + 1,513 + 78,953 2,286,678

Reverse repurchase agreements12 2,539,196 - 24,894 + 819,486 2,580,600

Foreign official and international accounts 338,027 + 10,510 + 36,043 350,739

Others 2,201,169 - 35,404 + 783,444 2,229,861

Treasury cash holdings 98 - 3 + 46 99

Deposits with F.R. Banks, other than reserve balances 799,528 - 37,174 + 267,834 751,863

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 598,544 - 36,004 + 318,339 552,089

Foreign official 7,439 + 4 + 1,973 7,436

Other13 193,545 - 1,173 - 52,478 192,339

Treasury contributions to credit facilities14 17,940 0 - 8,457 17,940

Other liabilities and capital15 42,444 + 1,313 - 6,067 42,625

Total factors, other than reserve balances, 

absorbing reserve funds 5,683,858 - 59,244 +1,151,796 5,679,803

Reserve balances with Federal Reserve Banks 3,062,727 + 19,889 -1,023,609 3,046,975

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of 

the securities.

5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been 

amortized. For U.S. Treasury securities, Federal agency debt securities, and mortgage-backed securities, amortization is on an effective-interest 

basis.

6. Cash value of agreements.

7. Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury contributions to the facility. Refer to note on 

consolidation below.

8. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned 

to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the 

foreign central bank.

9. Includes bank premises, accrued interest, and other accounts receivable.

10. Revalued daily at current foreign currency exchange rates.

11. Estimated.

12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities

13. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial 

market utilities, and deposits held by depository institutions in joint accounts in connection with their participation in certain private-sector payment 

arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks 

as fiscal agents of the United States.

14. Book value. Amount of equity investments in MS Facilities LLC of $13.9 billion, Municipal Liquidity Facility LLC of $2.9 billion, and TALF II LLC of 

$1.2 billion.

15. Includes the liability for earnings remittances due to the U.S. Treasury.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.
H.4.1

1A. Memorandum Items

Millions of dollars

Averages of daily figures

Memorandum item Week ended Change from week ended

Nov 2, 2022 Oct 26, 2022 Nov 3, 2021

Wednesday

Nov 2, 2022

Securities held in custody for foreign official and international 

accounts 3,310,159 - 27,106 - 171,024 3,314,575

Marketable U.S. Treasury securities1 2,896,907 - 27,111 - 174,676 2,900,914

Federal agency debt and mortgage-backed securities2 329,127 + 84 + 600 329,179

Other securities3 84,126 - 79 + 3,054 84,482

Securities lent to dealers 38,726 + 331 - 1,021 41,693

Overnight facility4 38,726 + 331 - 1,021 41,693

U.S. Treasury securities 38,726 + 337 - 1,021 41,693

Federal agency debt securities 0 - 5 0 0

Note: Components may not sum to totals because of rounding.

1. Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS. Does not include securities pledged as collateral 

to foreign official and international account holders against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6.

2. Face value of federal agency securities and current face value of mortgage-backed securities, which is the remaining principal balance of the 

securities.

3. Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed securities, and commercial paper at face value.

4. Face value. Fully collateralized by U.S. Treasury securities.
H.4.1

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, November 2, 2022

Millions of dollars

Remaining Maturity Within 15

days

16 days to

90 days

91 days to

1 year

Over 1 year

to 5 years

Over 5 year

to 10 years

Over 10

years

All

Loans1 2,257 2,166 0 13,020 0 ... 17,443

U.S. Treasury securities2

Holdings 130,653 287,151 782,805 1,939,130 980,346 1,454,880 5,574,965

Weekly changes + 42,765 - 35,959 - 2,117 - 26,922 - 11,601 + 61 - 33,773

Federal agency debt securities3

Holdings 0 0 0 0 2,347 0 2,347

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities4

Holdings 0 1 55 4,073 52,079 2,622,316 2,678,523

Weekly changes 0 0 + 9 + 737 - 1,266 + 525 + 4

Loan participations held by MS 

Facilities LLC (Main Street Lending 

Program)5 0 0 0 12,341 ... ... 12,341

Municipal notes held by Municipal 

Liquidity Facility LLC6 0 0 0 2,907 ... ... 2,907

Loans held by TALF II LLC7 0 0 788 251 ... ... 1,039

Repurchase agreements8 1 0 ... ... ... ... 1

Central bank liquidity swaps9 203 0 0 0 0 0 203

Reverse repurchase agreements8 2,580,600 0 ... ... ... ... 2,580,600

Term deposits 0 0 0 ... ... ... 0

Note: Components may not sum to totals because of rounding.

...Not applicable.

1. Loans includes primary, secondary, and seasonal loans and credit extended through the Paycheck Protection Program Liquidity Facility (PPPLF) 

and other credit extensions. A component of PPPLF loans presented in the Within 15 day category has reached maturity and is recognized as 

performing loans based upon the underlying guarantee of the collateral by the Small Business Administration. Loans exclude the loans from the 

Federal Reserve Bank of New York (FRBNY) to Municipal Liquidity Facility LLC and TALF II LLC, and from the Federal Reserve Bank of Boston 

(FRBB) to MS Facilities LLC, which were eliminated when preparing the FRBNY's and FRBB's statement of condition, respectively, consistent with 

consolidation under generally accepted accounting principles.

2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the original 

face value of such securities.

3. Face value.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.

5. Book value of the loan participations held by the MS Facilities LLC.

6. Book value of the municipal notes held by the Municipal Liquidity Facility LLC. 

7. Book value of the loans held by the TALF II LLC. 

8. Cash value of agreements.

9. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to 

the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign 

central bank.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Wednesday Account name Nov 2, 2022

Mortgage-backed securities held outright1 2,678,523

Residential mortgage-backed securities 2,669,969

Commercial mortgage-backed securities 8,554

Commitments to buy mortgage-backed securities2 1

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 4

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 Nov 2, 2022

Net portfolio holdings of

Credit Facilities LLCs

Outstanding

principal Outstanding

amount amount of Treasury

of loan facility contributions

extended to asset and

Credit Facilities LLCs:

the LLC1 purchases2 other assets3 Total

MS Facilities LLC (Main Street Lending Program) 12,088 10,949 14,688 25,637

Municipal Liquidity Facility LLC 2,907 2,907 2,667 5,574

TALF II LLC 1,058 1,039 1,064 2,103

Note: Components may not sum to totals because of rounding.

1. Book value. This amount was eliminated when preparing the Federal Reserve Banks' statement of condition consistent with consolidation under 

generally accepted accounting principles. Refer to the note on consolidation accompanying table 6. Loans are extended from the Federal Reserve 

Bank to the LLC upon settlement of the investment activity.

2. Outstanding amount of facility asset purchases:

a. For the MS Facilities LLC (Main Street Lending Program) includes loan participations at face value, net of an allowance for loan losses

 updated as of September 30, 2022.

b. For the Municipal Liquidity Facility LLC includes municipal notes at book value. Asset balances from trading activity may be reported on

 a one-day lag after the transaction date.

c. For the TALF II LLC includes loans to holders of eligible asset-backed securities at book value.

3. Includes short term receivables, interest and dividend receivables, and other assets of the facility. Also includes the portion of the Treasury 

contribution to the credit facilities, which is held as investments in nonmarketable Treasury securities and the residual portion which is held as cash 

and cash equivalents at the FRBNY. The amount of cash and cash equivalents held at the FRBNY are eliminated in consolidation and, as result, are 

excluded from net portfolio holdings in Tables 1, 5, and 6. Amounts excluded are approximately 15% of Treasury contributions to the Municipal 

Liquidity Facility LLC and TALF II LLC. Refer to the note on consolidation accompanying table 6.
H.4.1

5. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from 

consolidation

Wednesday

Nov 2, 2022 Oct 26, 2022 Nov 3, 2021

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,198 - 2 - 4

Securities, unamortized premiums and discounts, 

repurchase agreements, and loans 8,566,631 - 36,030 + 116,873

Securities held outright1 8,255,836 - 33,768 + 192,446

U.S. Treasury securities 5,574,965 - 33,773 + 41,746

Bills2 296,059 - 2,256 - 29,985

Notes and bonds, nominal2 4,803,184 - 31,558 + 35,408

Notes and bonds, inflation-indexed2 375,761 0 + 2,918

Inflation compensation3 99,961 + 41 + 33,404

Federal agency debt securities2 2,347 0 0

Mortgage-backed securities4 2,678,523 + 4 + 150,699

Unamortized premiums on securities held outright5 320,135 - 659 - 34,566

Unamortized discounts on securities held outright5 -26,783 - 24 - 10,133

Repurchase agreements6 1 0 + 1

Loans7 17,443 - 1,577 - 30,874

Net portfolio holdings of Corporate Credit Facilities LLC8 0 0 - 515

Net portfolio holdings of MS Facilities LLC (Main Street 

Lending Program)8 25,637 + 412 - 4,870

Net portfolio holdings of Municipal Liquidity Facility LLC8 5,574 + 2 - 4,209

Net portfolio holdings of TALF II LLC8 2,103 - 37 - 2,387

Items in process of collection (0) 108 + 10 + 37

Bank premises 638 - 21 - 811

Central bank liquidity swaps9 203 - 11,099 - 129

Foreign currency denominated assets10 17,081 - 127 - 3,603

Other assets11 41,460 + 672 + 1,617

Total assets (0) 8,676,870 - 46,220 + 101,999

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from 

consolidation

Wednesday

Nov 2, 2022 Oct 26, 2022 Nov 3, 2021

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 2,236,573 + 2,116 + 78,484

Reverse repurchase agreements12 2,580,600 + 91,236 + 923,534

Deposits (0) 3,798,843 - 140,483 - 885,220

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 3,046,980 - 61,167 -1,102,850

U.S. Treasury, General Account 552,089 - 84,238 + 265,130

Foreign official 7,436 0 + 1,789

Other13 (0) 192,339 + 4,922 - 49,288

Deferred availability cash items (0) 290 - 359 + 102

Treasury contributions to credit facilities14 17,940 0 - 8,457

Other liabilities and accrued dividends15 750 + 1,271 - 8,450

Total liabilities (0) 8,634,995 - 46,221 + 99,990

Capital accounts

Capital paid in 35,090 + 1 + 2,009

Surplus 6,785 0 0

Other capital accounts 0 0 0

Total capital 41,875 + 1 + 2,009

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.

5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been 

amortized. For U.S. Treasury securities, Federal agency debt securities, and mortgage-backed securities, amortization is on an effective-interest 

basis.

6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

7. Loans includes primary, secondary, and seasonal loans and credit extended through the Primary Dealer Credit Facility, Paycheck Protection 

Program Liquidity Facility, and other credit extensions.

8. Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury contributions to the facility. Refer to note on 

consolidation below.

9. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to 

the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign 

central bank.

10. Revalued daily at current foreign currency exchange rates.

11. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.

12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

13. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial 

market utilities, and deposits held by depository institutions in joint accounts in connection with their participation in certain private-sector payment 

arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks 

as fiscal agents of the United States.

14. Book value. Amount of equity investments in MS Facilities LLC of $13.9 billion, Municipal Liquidity Facility LLC of $2.9 billion, and TALF II LLC of 

$1.2 billion.

15. Includes the liability for earnings remittances due to the U.S. Treasury.
H.4.1

6. Statement of Condition of Each Federal Reserve Bank, November 2, 2022

Millions of dollars

Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco

Assets

Gold certificates and special drawing 

rights certificates 16,237 544 5,271 537 763 1,203 2,247 1,093 461 263 440 1,279 2,136

Coin 1,198 17 25 108 43 186 80 221 24 35 87 149 223

Securities, unamortized premiums and 

discounts, repurchase agreements, 

and loans1 8,566,631 171,321 4,386,683 196,538 344,038 595,842 559,640 584,926 134,308 65,498 133,782 438,798 955,256

Net portfolio holdings of MS

Facilities LLC (Main Street Lending

Program)2 25,637 25,637 0 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of Municipal 

Liquidity Facility LLC2 5,574 0 5,574 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of TALF II LLC2 2,103 0 2,103 0 0 0 0 0 0 0 0 0 0

Central bank liquidity swaps3 203 9 71 8 20 41 7 8 4 1 2 5 29

Foreign currency denominated 

assets4 17,081 731 6,018 630 1,659 3,404 552 643 342 85 175 408 2,433

Other assets5 42,206 946 20,389 1,050 1,753 3,238 2,852 2,834 811 507 959 2,238 4,628

Interdistrict settlement account 0 + 1,017 + 318,664 - 44,252 - 53,744 - 22,468 + 14,293 - 52,489 - 8,168 - 3,691 - 18,194 - 25,475 - 105,493

Total assets 8,676,870 200,222 4,744,798 154,619 294,532 581,445 579,670 537,236 127,782 62,699 117,252 417,402 859,212

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

6. Statement of Condition of Each Federal Reserve Bank, November 2, 2022 (continued)

Millions of dollars

Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco

Liabilities

Federal Reserve notes, net 2,236,573 77,756 708,194 54,132 107,943 158,923 347,852 122,315 69,570 32,312 51,968 191,723 313,885

Reverse repurchase agreements6 2,580,600 51,663 1,323,078 59,285 103,051 179,833 168,840 176,409 40,529 18,298 40,283 132,306 287,025

Deposits 3,798,843 55,348 2,695,954 39,526 79,404 234,162 60,932 236,911 16,558 11,682 24,353 92,001 252,011

Depository institutions 3,046,980 55,341 2,087,979 39,524 79,366 233,316 60,899 94,347 16,549 11,591 24,326 91,761 251,980

U.S. Treasury, General Account 552,089 0 552,089 0 0 0 0 0 0 0 0 0 0

Foreign official 7,436 2 7,409 1 4 8 1 2 1 0 0 1 6

Other7 192,339 6 48,477 0 35 837 31 142,562 8 92 27 238 25

Earnings remittances due to the U.S. 

Treasury8 -7,219 -139 -5,179 -62 -152 -808 55 -522 12 -18 -5 -24 -376

Treasury contributions to credit facilities9 17,940 13,891 4,049 0 0 0 0 0 0 0 0 0 0

Other liabilities and accrued 

dividends 8,258 -104 4,090 229 310 887 657 612 195 166 220 315 682

Total liabilities 8,634,995 198,416 4,730,185 153,109 290,556 572,997 578,335 535,725 126,864 62,440 116,820 416,321 853,227

Capital

Capital paid in 35,090 1,514 12,250 1,258 3,313 7,088 1,114 1,254 781 224 362 918 5,013

Surplus 6,785 292 2,363 252 663 1,361 221 257 137 34 70 163 973

Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 8,676,870 200,222 4,744,798 154,619 294,532 581,445 579,670 537,236 127,782 62,699 117,252 417,402 859,212

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

6. Statement of Condition of Each Federal Reserve Bank, November 2, 2022 (continued)

1. Securities include outright holdings of U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities, including securities lent to dealers under the overnight securities 

lending facility; refer to table 1A. Mortgage-backed securities are guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Unamortized premiums and discounts are the differences between 

the purchase price and the face value of the securities that have not been amortized. For U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities, 

amortization is on an effective-interest basis. Repurchase agreements reflect the cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. 

Loans includes primary, secondary, and seasonal loans and credit extended through the Paycheck Protection Program Liquidity Facility and other credit extensions.

2. Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury contributions to the facility. Refer to note on consolidation below.

3. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate 

equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.

4. Revalued daily at current foreign currency exchange rates.

5. Includes items in process of collection, bank premises, accrued interest (which represents the daily accumulation of interest earned), and other accounts receivable. 

6. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

7. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by 

depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements. Also includes certain deposit accounts other than the U.S. Treasury, 

General Account, for services provided by the Reserve Banks as fiscal agents of the United States.

8. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after 

providing for the costs of operations, payment of dividends, and the amount necessary to maintain each Federal Reserve Bank's allotted surplus cap.

9. Book value. Amount of equity investments in MS Facilities LLC of $13.9 billion, Municipal Liquidity Facility LLC of $2.9 billion, and TALF II LLC of $1.2 billion.

 

Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) and the Federal Reserve Bank of Boston (FRBB) have extended loans to limited liability companies under the authority of section 13(3) of the Federal 

Reserve Act. On May 12, 2020, FRBNY began extending loans to the Corporate Credit Facilities LLC (CCF LLC), a limited liability company formed to purchase eligible bonds or portions of syndicated 

loans or bonds at issuance through the Primary Market Corporate Credit Facility and to purchase eligible individual corporate bonds and exchange-traded funds through the Secondary Market 

Corporate Credit Facility. The assets of the CCF LLC and the amount provided by U.S. Treasury as credit protection to the FRBNY are used to secure the loan from the FRBNY. On June 5, 2020, 

FRBNY began extending loans to the Municipal Liquidity Facility LLC (MLF LLC), a limited liability company formed to purchase municipal notes from eligible issuers. The assets of the MLF LLC and 

the amount provided by U.S. Treasury as credit protection to the FRBNY are used to secure the loan from the FRBNY. On June 25, 2020, FRBNY began extending loans to the TALF II LLC, a special 

purpose vehicle that was formed to help support the flow of credit to consumers and businesses. The assets of the TALF II LLC and the amount provided by U.S. Treasury as credit protection to the 

FRBNY are used to secure the loan from the FRBNY. On July 15, 2020, the FRBB began extending loans to the MS Facilities LLC (Main Street Lending Program), a special purpose vehicle that was 

formed to help ensure credit flows to small and medium-sized businesses and to eligible nonprofits. The assets of the MS Facilities LLC and the amount provided by U.S. Treasury as credit protection to 

the FRBB are used to secure the loan from the FRBB.

The FRBNY is the managing member of CCF LLC, MLF LLC, and TALF II LLC. The FRBB is the managing member of MS Facilities LLC (Main Street Lending Program). Consistent with generally 

accepted accounting principles, the assets and liabilities of each LLC have been accounted for and consolidated with the assets and liabilities of the FRBNY or FRBB, in the preparation of the 

statements of condition shown on this release. As a consequence of the consolidation, the loan from the Reserve Bank to the LLC is eliminated as are any balances held at the FRBNY for LLCs 

consolidated to FRBNY or FRBB for LLCs consolidated to FRBB. Treasury contributions to credit facilities are held at FRBNY until invested. Net assets of the LLC appears as assets on table 6 (and in 

table 1 and table 5), and the liabilities of the LLC to entities other than the FRBNY or FRBB, including those with recourse only to the portfolio holdings of the LLC, are included in other liabilities in this 

table (and table 1 and table 5). The amount provided by U.S. Treasury as credit protection to FRBNY and FRBB appears as liabilities on table 6 (and in table 1 and table 5).
H.4.1

7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts

Millions of dollars

Wednesday Federal Reserve notes and collateral Nov 2, 2022

Federal Reserve notes outstanding 2,598,168

Less: Notes held by F.R. Banks not subject to collateralization 361,595

Federal Reserve notes to be collateralized 2,236,573

Collateral held against Federal Reserve notes 2,236,573

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 2,220,336

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 8,255,837

Less: Face value of securities under reverse repurchase agreements 2,899,129

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 5,356,708

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.