FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and 

Condition Statement of Federal Reserve Banks June 2, 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

Jun 1, 2022 May 25, 2022 Jun 2, 2021

Wednesday

Jun 1, 2022

Reserve Bank credit 8,879,041 - 21,738 + 999,128 8,878,608

Securities held outright1 8,480,185 - 18,626 +1,131,110 8,480,572

U.S. Treasury securities 5,770,391 + 1,487 + 667,933 5,770,779

Bills2 326,044 0 0 326,044

Notes and bonds, nominal2 4,974,862 - 601 + 592,216 4,973,358

Notes and bonds, inflation-indexed2 381,463 + 601 + 38,607 382,966

Inflation compensation3 88,022 + 1,487 + 37,109 88,410

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

Mortgage-backed securities4 2,707,446 - 20,114 + 463,176 2,707,446

Unamortized premiums on securities held outright5 337,329 - 1,213 - 11,643 337,126

Unamortized discounts on securities held outright5 -24,462 + 19 - 10,826 -24,487

Repurchase agreements6 0 0 0 0

Foreign official 0 0 0 0

Others 0 0 0 0

Loans 20,854 - 450 - 63,931 20,665

Primary credit 879 - 92 + 301 870

Secondary credit 0 0 0 0

Seasonal credit 2 - 2 - 3 2

Primary Dealer Credit Facility 0 0 0 0

Paycheck Protection Program Liquidity Facility 19,973 - 356 - 64,229 19,792

Other credit extensions 0 0 0 0

Net portfolio holdings of Commercial Paper Funding 

Facility II LLC7 0 0 - 8,554 0

Net portfolio holdings of Corporate Credit Facilities LLC7 0 0 - 25,963 0

Net portfolio holdings of MS Facilities LLC (Main Street 

Lending Program)7 26,667 - 244 - 3,895 26,676

Net portfolio holdings of Municipal Liquidity Facility LLC7 5,535 + 1 - 5,346 5,536

Net portfolio holdings of TALF II LLC7 2,261 - 26 - 2,523 2,195

Float -669 - 467 - 55 -141

Central bank liquidity swaps8 192 - 17 - 450 183

Other Federal Reserve assets9 31,147 - 718 + 1,202 30,284

Foreign currency denominated assets10 18,842 + 88 - 2,885 18,660

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 51,121 + 14 + 535 51,121

Total factors supplying reserve funds 8,965,245 - 21,637 + 996,778 8,964,631

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

Jun 1, 2022 May 25, 2022 Jun 2, 2021

Wednesday

Jun 1, 2022

Currency in circulation11 2,278,884 + 5,935 + 102,040 2,280,223

Reverse repurchase agreements12 2,260,205 + 371 +1,557,863 2,230,540

Foreign official and international accounts 263,347 - 310 + 31,017 265,525

Others 1,996,858 + 681 +1,526,846 1,965,015

Treasury cash holdings 91 - 1 + 54 91

Deposits with F.R. Banks, other than reserve balances 1,034,532 - 44,083 - 140,811 1,028,430

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 789,532 - 32,003 + 6,297 780,575

Foreign official 7,514 + 57 - 19,332 7,707

Other13 237,486 - 12,138 - 127,776 240,149

Treasury contributions to credit facilities14 17,940 - 474 - 32,338 17,940

Other liabilities and capital15 51,562 + 764 + 2,067 50,012

Total factors, other than reserve balances, 

absorbing reserve funds 5,643,215 - 37,487 +1,488,875 5,607,236

Reserve balances with Federal Reserve Banks 3,322,030 + 15,850 - 492,097 3,357,395

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

Jun 1, 2022 May 25, 2022 Jun 2, 2021

Wednesday

Jun 1, 2022

Securities held in custody for foreign official and international 

accounts 3,395,685 - 29,098 - 140,424 3,392,045

Marketable U.S. Treasury securities1 2,991,040 - 16,154 - 105,244 2,987,446

Federal agency debt and mortgage-backed securities2 321,599 - 12,963 - 29,325 321,603

Other securities3 83,045 + 18 - 5,855 82,997

Securities lent to dealers 39,823 - 1,350 + 1,349 44,411

Overnight facility4 39,823 - 1,350 + 1,349 44,411

U.S. Treasury securities 39,823 - 1,350 + 1,349 44,411

Federal agency debt securities 0 0 0 0

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

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

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

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

securities.

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

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

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, June 1, 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 428 493 0 19,744 0 ... 20,665

U.S. Treasury securities2

Holdings 67,188 331,056 833,614 2,083,210 1,026,609 1,429,102 5,770,779

Weekly changes - 7,370 - 18,049 + 59,527 - 33,814 - 1,814 + 2,882 + 1,362

Federal agency debt securities3

Holdings 0 0 0 0 2,134 213 2,347

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities4

Holdings 0 1 55 1,953 61,043 2,644,394 2,707,446

Weekly changes 0 0 + 10 - 10 0 0 0

Loan participations held by MS 

Facilities LLC (Main Street Lending 

Program)5 0 0 0 14,194 ... ... 14,194

Municipal notes held by Municipal 

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

Loans held by TALF II LLC7 0 0 0 1,141 ... ... 1,141

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

Central bank liquidity swaps9 183 0 0 0 0 0 183

Reverse repurchase agreements8 2,230,540 0 ... ... ... ... 2,230,540

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 Jun 1, 2022

Mortgage-backed securities held outright1 2,707,446

Residential mortgage-backed securities 2,698,576

Commercial mortgage-backed securities 8,870

Commitments to buy mortgage-backed securities2 58,535

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 3

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 Jun 1, 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) 13,926 12,325 14,351 26,676

Municipal Liquidity Facility LLC 2,907 2,907 2,629 5,536

TALF II LLC 1,171 1,141 1,055 2,195

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 March 31, 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

Jun 1, 2022 May 25, 2022 Jun 2, 2021

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,260 - 8 + 20

Securities, unamortized premiums and discounts, 

repurchase agreements, and loans 8,813,876 + 246 +1,027,821

Securities held outright1 8,480,572 + 1,362 +1,114,931

U.S. Treasury securities 5,770,779 + 1,362 + 651,756

Bills2 326,044 0 0

Notes and bonds, nominal2 4,973,358 - 2,105 + 574,368

Notes and bonds, inflation-indexed2 382,966 + 2,104 + 40,110

Inflation compensation3 88,410 + 1,362 + 37,277

Federal agency debt securities2 2,347 0 0

Mortgage-backed securities4 2,707,446 0 + 463,176

Unamortized premiums on securities held outright5 337,126 - 620 - 12,006

Unamortized discounts on securities held outright5 -24,487 - 43 - 10,792

Repurchase agreements6 0 0 0

Loans7 20,665 - 454 - 64,312

Net portfolio holdings of Commercial Paper Funding 

Facility II LLC8 0 0 - 8,554

Net portfolio holdings of Corporate Credit Facilities LLC8 0 0 - 25,963

Net portfolio holdings of MS Facilities LLC (Main Street 

Lending Program)8 26,676 + 11 - 3,891

Net portfolio holdings of Municipal Liquidity Facility LLC8 5,536 + 1 - 5,346

Net portfolio holdings of TALF II LLC8 2,195 - 93 - 2,566

Items in process of collection (0) 144 + 96 + 70

Bank premises 633 + 11 - 1,278

Central bank liquidity swaps9 183 - 26 - 330

Foreign currency denominated assets10 18,660 - 149 - 3,155

Other assets11 29,651 + 680 + 2,520

Total assets (0) 8,915,050 + 769 + 979,347

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

Jun 1, 2022 May 25, 2022 Jun 2, 2021

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 2,230,448 + 4,274 + 100,709

Reverse repurchase agreements12 2,230,540 - 27,681 +1,557,634

Deposits (0) 4,385,825 + 23,226 - 646,057

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 3,357,395 + 42,377 - 490,867

U.S. Treasury, General Account 780,575 - 21,139 - 31,512

Foreign official 7,707 + 272 - 19,041

Other13 (0) 240,149 + 1,716 - 104,636

Deferred availability cash items (0) 285 - 16 - 489

Treasury contributions to credit facilities14 17,940 0 - 32,338

Other liabilities and accrued dividends15 8,398 + 965 - 2,217

Total liabilities (0) 8,873,436 + 768 + 977,241

Capital accounts

Capital paid in 34,829 0 + 2,105

Surplus 6,785 0 0

Other capital accounts 0 0 0

Total capital 41,614 0 + 2,105

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, June 1, 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 1,260 20 25 109 46 191 96 227 25 46 94 154 227

Securities, unamortized premiums and 

discounts, repurchase agreements, 

and loans1 8,813,876 176,088 4,511,646 202,026 355,117 612,938 575,348 601,266 138,222 69,567 137,479 450,877 983,302

Net portfolio holdings of MS

Facilities LLC (Main Street Lending

Program)2 26,676 26,676 0 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of Municipal 

Liquidity Facility LLC2 5,536 0 5,536 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of TALF II LLC2 2,195 0 2,195 0 0 0 0 0 0 0 0 0 0

Central bank liquidity swaps3 183 8 64 7 18 37 6 7 4 1 2 4 26

Foreign currency denominated 

assets4 18,660 803 6,514 691 1,821 3,737 606 706 375 94 192 448 2,672

Other assets5 30,428 696 14,399 781 1,247 2,380 2,103 2,012 760 412 755 1,614 3,269

Interdistrict settlement account 0 + 1,750 + 276,118 - 20,710 - 70,131 - 61,443 + 4,486 - 22,200 + 1,514 - 1,702 - 8,435 - 2,662 - 96,584

Total assets 8,915,050 206,585 4,821,768 183,441 288,881 559,042 584,892 583,111 141,361 68,679 130,528 451,714 895,048

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, June 1, 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 2,230,448 72,815 702,424 60,635 103,442 152,217 337,313 128,657 70,042 34,041 58,748 196,432 313,683

Reverse repurchase agreements6 2,230,540 44,655 1,143,602 51,243 89,072 155,438 145,936 152,479 35,031 15,816 34,819 114,359 248,090

Deposits 4,385,825 74,331 2,953,040 69,771 92,034 242,054 99,386 299,761 35,122 18,367 36,263 139,345 326,353

Depository institutions 3,357,395 74,256 2,112,437 69,770 91,994 241,224 99,353 113,759 35,116 18,189 36,223 138,901 326,174

U.S. Treasury, General Account 780,575 0 780,575 0 0 0 0 0 0 0 0 0 0

Foreign official 7,707 2 7,681 1 4 8 1 2 1 0 0 1 6

Other7 240,149 73 52,347 0 36 822 32 186,000 5 177 40 443 173

Earnings remittances due to the U.S. 

Treasury8 2,690 48 1,340 59 97 182 218 176 54 25 41 150 298

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 5,993 -924 2,834 236 294 710 706 530 207 165 223 349 663

Total liabilities 8,873,436 204,815 4,807,289 181,944 284,939 550,602 583,560 581,603 140,456 68,413 130,095 450,634 889,087

Capital

Capital paid in 34,829 1,477 12,116 1,245 3,280 7,080 1,111 1,251 769 232 363 917 4,989

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 8,915,050 206,585 4,821,768 183,441 288,881 559,042 584,892 583,111 141,361 68,679 130,528 451,714 895,048

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, June 1, 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 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

Wednesday Federal Reserve notes and collateral Jun 1, 2022

Federal Reserve notes outstanding 2,521,820

Less: Notes held by F.R. Banks not subject to collateralization 291,372

Federal Reserve notes to be collateralized 2,230,448

Collateral held against Federal Reserve notes 2,230,448

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 2,214,211

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 8,480,572

Less: Face value of securities under reverse repurchase agreements 2,357,683

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 6,122,889

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.