FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and 

Condition Statement of Federal Reserve Banks October 6, 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 5, 2022 Sep 28, 2022 Oct 6, 2021

Wednesday

Oct 5, 2022

Reserve Bank credit 8,728,260 - 44,663 + 312,272 8,724,213

Securities held outright1 8,339,991 - 42,854 + 403,009 8,334,431

U.S. Treasury securities 5,639,486 - 33,281 + 199,590 5,633,926

Bills2 309,404 - 4,244 - 16,640 308,699

Notes and bonds, nominal2 4,854,269 - 29,019 + 171,273 4,849,432

Notes and bonds, inflation-indexed2 375,761 0 + 9,606 375,761

Inflation compensation3 100,052 - 18 + 35,351 100,034

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

Mortgage-backed securities4 2,698,158 - 9,573 + 203,419 2,698,158

Unamortized premiums on securities held outright5 323,695 - 835 - 31,092 323,367

Unamortized discounts on securities held outright5 -26,656 - 14 - 10,865 -26,580

Repurchase agreements6 0 0 0 0

Foreign official 0 0 0 0

Others 0 0 0 0

Loans 21,079 + 485 - 38,065 21,415

Primary credit 7,093 + 636 + 6,674 7,511

Secondary credit 0 0 0 0

Seasonal credit 58 + 9 + 32 58

Primary Dealer Credit Facility 0 0 0 0

Paycheck Protection Program Liquidity Facility 13,929 - 160 - 44,771 13,847

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 25,711 + 22 - 4,740 25,722

Net portfolio holdings of Municipal Liquidity Facility LLC7 5,564 + 2 - 4,212 5,565

Net portfolio holdings of TALF II LLC7 2,137 - 11 - 2,358 2,136

Float -352 - 137 - 155 -213

Central bank liquidity swaps8 300 + 84 - 28 300

Other Federal Reserve assets9 36,790 - 1,406 + 1,291 38,070

Foreign currency denominated assets10 17,080 + 137 - 3,846 17,068

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 51,342 + 14 + 668 51,342

Total factors supplying reserve funds 8,812,923 - 44,511 + 309,094 8,808,864

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 5, 2022 Sep 28, 2022 Oct 6, 2021

Wednesday

Oct 5, 2022

Currency in circulation11 2,280,387 + 3,544 + 82,086 2,283,376

Reverse repurchase agreements12 2,635,398 + 5,675 + 909,039 2,544,845

Foreign official and international accounts 297,337 - 2,354 + 5,890 314,046

Others 2,338,062 + 8,029 + 903,150 2,230,799

Treasury cash holdings 102 - 1 + 51 98

Deposits with F.R. Banks, other than reserve balances 860,432 - 66,565 + 485,315 839,881

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 633,939 - 55,630 + 498,357 622,131

Foreign official 7,436 0 + 1,936 7,434

Other13 219,058 - 10,934 - 14,977 210,316

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

Other liabilities and capital15 45,790 + 561 - 1,764 46,274

Total factors, other than reserve balances, 

absorbing reserve funds 5,840,049 - 56,787 +1,466,270 5,732,414

Reserve balances with Federal Reserve Banks 2,972,874 + 12,276 -1,157,176 3,076,450

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 5, 2022 Sep 28, 2022 Oct 6, 2021

Wednesday

Oct 5, 2022

Securities held in custody for foreign official and international 

accounts 3,324,339 - 42,062 - 153,647 3,317,655

Marketable U.S. Treasury securities1 2,917,458 - 42,051 - 143,902 2,911,048

Federal agency debt and mortgage-backed securities2 322,164 - 153 - 3,506 322,155

Other securities3 84,717 + 142 - 6,238 84,453

Securities lent to dealers 48,520 + 819 + 7,615 45,034

Overnight facility4 48,520 + 819 + 7,615 45,034

U.S. Treasury securities 48,503 + 816 + 7,598 45,024

Federal agency debt securities 17 + 3 + 17 10

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 5, 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 2,057 5,520 0 13,838 0 ... 21,415

U.S. Treasury securities2

Holdings 71,778 347,710 787,632 1,979,974 991,982 1,454,849 5,633,926

Weekly changes - 20,577 + 31,066 - 25,899 - 13,566 - 8,938 - 8 - 37,922

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 2 55 3,457 54,494 2,640,150 2,698,158

Weekly changes 0 + 1 + 9 + 206 - 53 - 163 0

Loan participations held by MS 

Facilities LLC (Main Street Lending 

Program)5 0 0 0 12,780 ... ... 12,780

Municipal notes held by Municipal 

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

Loans held by TALF II LLC7 0 0 484 574 ... ... 1,058

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

Central bank liquidity swaps9 300 0 0 0 0 0 300

Reverse repurchase agreements8 2,544,845 0 ... ... ... ... 2,544,845

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 5, 2022

Mortgage-backed securities held outright1 2,698,158

Residential mortgage-backed securities 2,689,557

Commercial mortgage-backed securities 8,601

Commitments to buy mortgage-backed securities2 3,165

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 0

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 5, 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) 12,642 10,994 14,729 25,722

Municipal Liquidity Facility LLC 2,907 2,907 2,658 5,565

TALF II LLC 1,096 1,058 1,078 2,136

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 5, 2022 Sep 28, 2022 Oct 6, 2021

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,216 - 6 + 8

Securities, unamortized premiums and discounts, 

repurchase agreements, and loans 8,652,633 - 37,735 + 309,216

Securities held outright1 8,334,431 - 37,922 + 388,058

U.S. Treasury securities 5,633,926 - 37,922 + 184,649

Bills2 308,699 - 4,035 - 17,345

Notes and bonds, nominal2 4,849,432 - 33,856 + 157,464

Notes and bonds, inflation-indexed2 375,761 0 + 9,320

Inflation compensation3 100,034 - 31 + 35,210

Federal agency debt securities2 2,347 0 0

Mortgage-backed securities4 2,698,158 0 + 203,409

Unamortized premiums on securities held outright5 323,367 - 669 - 31,440

Unamortized discounts on securities held outright5 -26,580 0 - 10,689

Repurchase agreements6 0 - 1 0

Loans7 21,415 + 857 - 36,713

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

Net portfolio holdings of MS Facilities LLC (Main Street 

Lending Program)8 25,722 + 18 - 4,735

Net portfolio holdings of Municipal Liquidity Facility LLC8 5,565 + 2 - 4,212

Net portfolio holdings of TALF II LLC8 2,136 - 13 - 2,359

Items in process of collection (0) 105 + 34 + 49

Bank premises 613 - 7 - 926

Central bank liquidity swaps9 300 + 84 - 28

Foreign currency denominated assets10 17,068 + 175 - 3,778

Other assets11 37,458 + 933 + 2,301

Total assets (0) 8,759,053 - 36,514 + 295,021

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 5, 2022 Sep 28, 2022 Oct 6, 2021

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 2,233,344 + 4,695 + 81,846

Reverse repurchase agreements12 2,544,845 - 93,444 + 807,055

Deposits (0) 3,916,332 + 51,588 - 584,154

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 3,076,450 + 93,242 -1,091,094

U.S. Treasury, General Account 622,131 - 39,789 + 526,277

Foreign official 7,434 - 2 + 971

Other13 (0) 210,316 - 1,864 - 20,308

Deferred availability cash items (0) 318 - 456 + 146

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

Other liabilities and accrued dividends15 4,416 + 1,092 - 3,421

Total liabilities (0) 8,717,194 - 36,526 + 293,014

Capital accounts

Capital paid in 35,073 + 11 + 2,006

Surplus 6,785 0 0

Other capital accounts 0 0 0

Total capital 41,858 + 11 + 2,006

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 5, 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 1,216 18 25 109 49 185 86 226 26 36 88 153 215

Securities, unamortized premiums and 

discounts, repurchase agreements, 

and loans1 8,652,633 172,917 4,428,355 198,316 347,448 601,514 564,967 590,442 135,610 66,331 134,892 442,664 969,176

Net portfolio holdings of MS

Facilities LLC (Main Street Lending

Program)2 25,722 25,722 0 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of Municipal 

Liquidity Facility LLC2 5,565 0 5,565 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of TALF II LLC2 2,136 0 2,136 0 0 0 0 0 0 0 0 0 0

Central bank liquidity swaps3 300 13 104 11 29 60 10 11 6 2 3 7 43

Foreign currency denominated 

assets4 17,068 735 5,946 633 1,668 3,422 555 647 344 86 176 410 2,447

Other assets5 38,176 861 18,379 959 1,571 2,968 2,585 2,558 727 466 884 2,027 4,191

Interdistrict settlement account 0 - 3,893 + 318,744 - 37,700 - 47,452 - 23,206 + 10,628 - 56,120 - 9,881 - 2,150 - 18,913 - 27,760 - 102,298

Total assets 8,759,053 196,918 4,784,526 162,865 304,076 586,147 581,078 538,857 127,294 65,034 117,569 418,780 875,910

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 5, 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 2,233,344 78,422 706,765 54,929 106,573 155,000 347,640 122,258 70,183 33,596 52,355 192,107 313,514

Reverse repurchase agreements6 2,544,845 50,948 1,304,746 58,464 101,623 177,341 166,500 173,965 39,968 18,044 39,725 130,473 283,048

Deposits 3,916,332 52,484 2,752,512 47,753 91,664 244,869 64,881 240,713 16,021 12,975 24,835 94,802 272,823

Depository institutions 3,076,450 52,476 2,074,347 47,751 91,627 243,974 64,845 80,482 16,011 12,845 24,813 94,486 272,792

U.S. Treasury, General Account 622,131 0 622,131 0 0 0 0 0 0 0 0 0 0

Foreign official 7,434 2 7,408 1 4 8 1 2 1 0 0 1 6

Other7 210,316 6 48,626 0 33 887 35 160,230 9 130 21 315 25

Earnings remittances due to the U.S. 

Treasury8 -2,913 -59 -2,079 -28 -77 -359 39 -213 11 -6 4 -4 -144

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 7,647 -571 3,920 238 315 849 690 623 194 166 219 321 683

Total liabilities 8,717,194 195,115 4,769,913 161,356 300,099 577,701 579,752 537,347 126,376 64,776 117,137 417,699 869,924

Capital

Capital paid in 35,073 1,511 12,250 1,258 3,313 7,086 1,105 1,253 781 224 361 918 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 8,759,053 196,918 4,784,526 162,865 304,076 586,147 581,078 538,857 127,294 65,034 117,569 418,780 875,910

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 5, 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 5, 2022

Federal Reserve notes outstanding 2,586,515

Less: Notes held by F.R. Banks not subject to collateralization 353,172

Federal Reserve notes to be collateralized 2,233,344

Collateral held against Federal Reserve notes 2,233,344

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 2,217,107

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 8,334,431

Less: Face value of securities under reverse repurchase agreements 2,783,706

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 5,550,725

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.