FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and 

Condition Statement of Federal Reserve Banks October 27, 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

Oct 26, 2022 Oct 19, 2022 Oct 27, 2021

Wednesday

Oct 26, 2022

Reserve Bank credit 8,701,328 - 19,397 + 162,958 8,687,796

Securities held outright1 8,301,058 - 21,979 + 239,558 8,289,604

U.S. Treasury securities 5,609,377 - 11,720 + 102,257 5,608,738

Bills2 298,994 - 3,266 - 27,050 298,315

Notes and bonds, nominal2 4,834,688 - 8,416 + 89,171 4,834,742

Notes and bonds, inflation-indexed2 375,761 0 + 5,947 375,761

Inflation compensation3 99,934 - 38 + 34,189 99,920

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

Mortgage-backed securities4 2,689,334 - 10,259 + 137,300 2,678,519

Unamortized premiums on securities held outright5 321,313 - 1,003 - 33,998 320,794

Unamortized discounts on securities held outright5 -26,820 - 9 - 10,566 -26,759

Repurchase agreements6 2 + 1 + 2 1

Foreign official 0 0 0 0

Others 2 + 1 + 2 1

Loans 18,728 - 978 - 32,852 19,020

Primary credit 5,231 - 1,136 + 4,735 5,585

Secondary credit 0 0 0 0

Seasonal credit 27 0 + 14 28

Primary Dealer Credit Facility 0 0 0 0

Paycheck Protection Program Liquidity Facility 13,470 + 158 - 37,601 13,408

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 25,206 - 301 - 5,079 25,225

Net portfolio holdings of Municipal Liquidity Facility LLC7 5,570 + 2 - 4,211 5,572

Net portfolio holdings of TALF II LLC7 2,138 + 1 - 2,358 2,140

Float -225 - 101 - 40 -551

Central bank liquidity swaps8 11,302 + 4,820 + 10,979 11,302

Other Federal Reserve assets9 43,056 + 150 + 2,039 41,447

Foreign currency denominated assets10 16,987 + 179 - 3,760 17,208

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 51,384 + 14 + 690 51,384

Total factors supplying reserve funds 8,785,940 - 19,204 + 159,887 8,772,629

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

Oct 26, 2022 Oct 19, 2022 Oct 27, 2021

Wednesday

Oct 26, 2022

Currency in circulation11 2,283,138 - 2,013 + 79,327 2,284,547

Reverse repurchase agreements12 2,564,090 + 13,166 + 861,138 2,489,364

Foreign official and international accounts 327,517 - 1,819 + 44,196 302,508

Others 2,236,573 + 14,985 + 816,941 2,186,856

Treasury cash holdings 101 - 2 + 42 98

Deposits with F.R. Banks, other than reserve balances 836,702 + 22,076 + 268,863 831,180

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 634,548 + 27,349 + 421,257 636,327

Foreign official 7,435 - 1 + 2,142 7,436

Other13 194,718 - 5,274 - 154,537 187,417

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

Other liabilities and capital15 41,131 - 3,225 - 6,693 41,353

Total factors, other than reserve balances, 

absorbing reserve funds 5,743,102 + 30,002 +1,194,220 5,664,483

Reserve balances with Federal Reserve Banks 3,042,838 - 49,206 -1,034,332 3,108,146

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

Oct 26, 2022 Oct 19, 2022 Oct 27, 2021

Wednesday

Oct 26, 2022

Securities held in custody for foreign official and international 

accounts 3,337,265 + 2,029 - 149,644 3,326,903

Marketable U.S. Treasury securities1 2,924,018 - 813 - 152,517 2,914,011

Federal agency debt and mortgage-backed securities2 329,043 + 2,900 - 201 328,815

Other securities3 84,205 - 57 + 3,075 84,076

Securities lent to dealers 38,395 - 3,932 - 1,839 36,821

Overnight facility4 38,395 - 3,932 - 1,839 36,821

U.S. Treasury securities 38,389 - 3,938 - 1,845 36,821

Federal agency debt securities 5 + 5 + 5 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, October 26, 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 2,235 3,386 0 13,400 0 ... 19,020

U.S. Treasury securities2

Holdings 87,888 323,110 784,922 1,966,052 991,947 1,454,819 5,608,738

Weekly changes - 3,149 - 268 + 227 - 2 - 12 - 11 - 3,215

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 46 3,336 53,345 2,621,791 2,678,519

Weekly changes 0 - 1 - 9 - 108 - 751 - 19,263 - 20,132

Loan participations held by MS 

Facilities LLC (Main Street Lending 

Program)5 0 0 0 12,539 ... ... 12,539

Municipal notes held by Municipal 

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

Loans held by TALF II LLC7 0 0 501 538 ... ... 1,039

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

Central bank liquidity swaps9 11,302 0 0 0 0 0 11,302

Reverse repurchase agreements8 2,489,364 0 ... ... ... ... 2,489,364

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 Oct 26, 2022

Mortgage-backed securities held outright1 2,678,519

Residential mortgage-backed securities 2,669,965

Commercial mortgage-backed securities 8,554

Commitments to buy mortgage-backed securities2 5

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 28

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 Oct 26, 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 10,758 14,466 25,225

Municipal Liquidity Facility LLC 2,907 2,907 2,665 5,572

TALF II LLC 1,096 1,039 1,101 2,140

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 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.

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

Oct 26, 2022 Oct 19, 2022 Oct 27, 2021

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,200 - 5 - 10

Securities, unamortized premiums and discounts, 

repurchase agreements, and loans 8,602,661 - 24,301 + 170,307

Securities held outright1 8,289,604 - 23,346 + 246,151

U.S. Treasury securities 5,608,738 - 3,215 + 95,409

Bills2 298,315 - 3,252 - 27,729

Notes and bonds, nominal2 4,834,742 + 75 + 84,168

Notes and bonds, inflation-indexed2 375,761 0 + 4,919

Inflation compensation3 99,920 - 38 + 34,050

Federal agency debt securities2 2,347 0 0

Mortgage-backed securities4 2,678,519 - 20,132 + 150,742

Unamortized premiums on securities held outright5 320,794 - 1,250 - 33,875

Unamortized discounts on securities held outright5 -26,759 - 3 - 10,444

Repurchase agreements6 1 - 9 + 1

Loans7 19,020 + 307 - 31,526

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

Net portfolio holdings of MS Facilities LLC (Main Street 

Lending Program)8 25,225 + 22 - 5,064

Net portfolio holdings of Municipal Liquidity Facility LLC8 5,572 + 2 - 4,210

Net portfolio holdings of TALF II LLC8 2,140 + 2 - 2,356

Items in process of collection (0) 98 - 11 + 43

Bank premises 659 + 20 - 806

Central bank liquidity swaps9 11,302 + 4,820 + 10,979

Foreign currency denominated assets10 17,208 + 449 - 3,514

Other assets11 40,788 - 1,831 + 2,055

Total assets (0) 8,723,090 - 20,832 + 166,909

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

Oct 26, 2022 Oct 19, 2022 Oct 27, 2021

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 2,234,457 + 255 + 78,542

Reverse repurchase agreements12 2,489,364 - 82,295 + 767,880

Deposits (0) 3,939,326 + 63,604 - 665,889

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 3,108,147 + 67,369 -1,015,007

U.S. Treasury, General Account 636,327 - 4,286 + 399,832

Foreign official 7,436 + 1 + 2,170

Other13 (0) 187,417 + 521 - 52,883

Deferred availability cash items (0) 649 + 402 + 1

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

Other liabilities and accrued dividends15 -521 - 2,800 - 7,180

Total liabilities (0) 8,681,216 - 20,834 + 164,898

Capital accounts

Capital paid in 35,089 + 2 + 2,012

Surplus 6,785 0 0

Other capital accounts 0 0 0

Total capital 41,874 + 2 + 2,012

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, October 26, 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 1,200 18 24 106 44 185 81 223 25 36 86 151 221

Securities, unamortized premiums and 

discounts, repurchase agreements, 

and loans1 8,602,661 172,022 4,404,580 197,242 345,438 598,222 561,993 587,352 134,854 65,874 134,353 440,304 960,428

Net portfolio holdings of MS

Facilities LLC (Main Street Lending

Program)2 25,225 25,225 0 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of Municipal 

Liquidity Facility LLC2 5,572 0 5,572 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of TALF II LLC2 2,140 0 2,140 0 0 0 0 0 0 0 0 0 0

Central bank liquidity swaps3 11,302 487 3,936 419 1,105 2,266 368 428 228 57 117 271 1,620

Foreign currency denominated 

assets4 17,208 741 5,994 638 1,682 3,450 560 652 346 87 178 413 2,467

Other assets5 41,546 934 20,074 1,037 1,729 3,215 2,802 2,792 777 481 938 2,200 4,565

Interdistrict settlement account 0 - 16,708 + 403,785 - 48,885 - 60,697 - 15,022 + 1,990 - 71,532 - 11,305 - 3,634 - 20,509 - 35,345 - 122,139

Total assets 8,723,090 183,263 4,851,376 151,096 290,063 593,520 570,040 521,009 125,385 63,164 115,601 409,274 849,298

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, October 26, 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 2,234,457 77,836 707,904 54,255 107,390 158,179 346,978 122,688 69,832 32,617 51,879 191,528 313,370

Reverse repurchase agreements6 2,489,364 49,837 1,276,301 57,189 99,407 173,475 162,870 170,172 39,096 17,651 38,859 127,629 276,877

Deposits 3,939,326 40,553 2,850,128 37,990 79,152 253,283 57,847 226,617 15,366 12,496 24,240 88,798 252,856

Depository institutions 3,108,147 40,540 2,159,463 37,989 79,117 252,700 57,815 87,082 15,356 12,431 24,211 88,613 252,830

U.S. Treasury, General Account 636,327 0 636,327 0 0 0 0 0 0 0 0 0 0

Foreign official 7,436 2 7,410 1 4 8 1 2 1 0 0 1 6

Other7 187,417 11 46,929 0 31 576 31 139,533 9 64 29 184 20

Earnings remittances due to the U.S. 

Treasury8 -6,274 -118 -4,420 -60 -127 -697 8 -451 -2 -25 -20 -33 -328

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 6,401 -542 2,801 212 264 831 1,001 472 175 167 212 271 537

Total liabilities 8,681,216 181,457 4,836,763 149,586 286,086 585,071 568,705 519,498 124,467 62,906 115,169 408,193 843,313

Capital

Capital paid in 35,089 1,514 12,250 1,258 3,313 7,088 1,114 1,253 781 224 362 918 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 8,723,090 183,263 4,851,376 151,096 290,063 593,520 570,040 521,009 125,385 63,164 115,601 409,274 849,298

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, October 26, 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 Oct 26, 2022

Federal Reserve notes outstanding 2,595,219

Less: Notes held by F.R. Banks not subject to collateralization 360,762

Federal Reserve notes to be collateralized 2,234,457

Collateral held against Federal Reserve notes 2,234,457

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 2,218,220

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 8,289,605

Less: Face value of securities under reverse repurchase agreements 2,789,382

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 5,500,223

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.