Skip to main content

Back to Board of Governors of the Federal Reserve System-  Stay Connected    -  Link to Federal Reserve Facebook PageLink to Federal Reserve Twitter PageLink to Federal Reserve YouTube PageLink to Federal Reserve Flickr PageFederal Reserve LinkedIn PageSubscribe to RSSSubscribe to EmailRecent PostingsCalendar
Publications
Site Map
A-Z index
Careers
FAQs
Videos
ContactSearchSubmit Search ButtonAdvancedToggle Dropdown Menu            Board of Governors of the Federal Reserve System          
*The Federal Reserve, the central bank of the United States,              provides the nation with a safe, flexible, and stable monetary and              financial system.Main Menu Toggle ButtonSectionsSearch Toggle ButtonSearchSearch Submit ButtonSubmit-  About            the Fed-  -  Structure of the Federal Reserve SystemThe Fed ExplainedBoard MembersAdvisory CouncilsFederal Reserve BanksFederal Reserve Bank and Branch DirectorsFederal Reserve ActCurrency-  Board MeetingsBoard VotesDiversity & InclusionCareers
Do Business with the BoardHolidays Observed - K.8Ethics & Values-  ContactRequesting Information (FOIA)FAQs
Economic EducationFed Financial StatementsInnovationNews            & Events-  Press ReleasesSpeechesTestimonyCalendarVideos
Photo GalleryConferencesMonetary            Policy-  -  **Federal Open Market Committee** 
-  About the FOMCMeeting calendars and informationTranscripts and other historical materialsFAQs**Monetary Policy Principles and Practice**
Notes-  **Policy Implementation** 
-  Policy NormalizationPolicy Tools**Reports**
Monetary Policy ReportBeige BookFederal Reserve Balance Sheet Developments**Review of Monetary Policy Strategy, Tools, and                        CommunicationsOverviewSupervision            & Regulation-  -  **Institution Supervision** 
-  Community & Regional Financial InstitutionsLarge Financial InstitutionsForeign Banking OrganizationsFinancial Market UtilitiesConsumer Compliance**Reports**
Federal Reserve Supervision and Regulation Report-  **Reporting Forms** 
-  All Reporting FormsRecent UpdatesInformation collections under reviewFinancial StatementsApplications/structure changeFederal Financial Institutions Examination Council                      (FFIEC)Municipal & Government Securities-  **Supervision & Regulation Letters** 
-  By YearBy Topic**Banking Applications & Legal Developments**
Application ProcessBoard & Reserve Bank ActionEnforcement Actions & Legal Developments-  **Regulatory Resources** 
-  RegulationsManualsBasel Regulatory FrameworkVolcker RuleEducation, Training, and Assistance-  **Banking & Data Structure** 
-  Beneficial Ownership reportsLarge Commercial BanksU.S. Offices of Foreign EntitiesFinancial Holding CompaniesInterstate BranchingSecurities Underwriting & Dealing SubsidiariesMinority Depository InstitutionsFinancialStability-  **Financial Stability Assessments** 
-  About Financial StabilityTypes of Financial System Vulnerabilities & RisksMonitoring Risk Across the Financial SystemProactive Monitoring of Markets & InstitutionsFinancial Stability & Stress Testing-  **Financial Stability Coordination & Actions** 
-  Responding to Financial System EmergenciesCooperation on Financial Stability**Reports**
Financial Stability ReportPayment            Systems-  -  **Regulations & Statutes** 
-  Regulation CC (Availability of Funds and Collection of                      Checks)Regulation II (Debit Card Interchange Fees and                      Routing)Regulation HH (Financial Market Utilities)Other Regulations and Statutes-  **Payment Policies** 
-  Federal Reserve's Key Policies for the Provision of                      Financial ServicesOvernight OverdraftsPayment System RiskSponsorship for Priority Telecommunication Services-  **Reserve Bank Payment Services & Data** 
-  Automated Clearinghouse ServicesCheck ServicesCurrency and Coin ServicesDaylight Overdrafts and FeesFedNow? ServiceFedwire Funds ServicesFedwire Securities ServicesFiscal Agency ServicesNational Settlement Service-  **Financial Market Utilities & InfrastructuresSupervision & Oversight of Financial Market                      InfrastructuresDesignated Financial Market UtilitiesInternational Standards for Financial Market                      Infrastructures-  **Research, Committees, and Forums** 
-  Payment ResearchFederal Reserve Payments Study (FRPS)Payments System Policy Advisory CommitteeForumsEconomic            Research-  -  Meet the Economists**Working Papers and Notes**
Finance and Economics Discussion Series (FEDS)FEDS NotesInternational Finance Discussion Papers (IFDP)-  **Data, Models and Tools** 
-  Economic Research DataFRB/US ModelEstimated Dynamic Optimization (EDO) ModelSurvey of Consumer Finances (SCF)Data-  -  Data Download                      Program**Bank Assets and Liabilities**
Aggregate Reserves of Depository Institutions and the                      Monetary Base - H.3Assets and Liabilities of Commercial Banks in the U.S. -                      H.8Assets and Liabilities of U.S. Branches and Agencies of                      Foreign BanksCharge-Off and Delinquency Rates on Loans and Leases at                      Commercial BanksSenior Financial Officer SurveySenior Loan Officer Opinion Survey on Bank Lending                      Practices-  **Bank Structure Data** 
-  Large Commercial BanksMinority Depository InstitutionsStructure and Share Data for the U.S. Offices of Foreign                      Banks**Business Finance**
Commercial PaperFinance Companies - G.20New Security Issues, State and Local GovernmentsNew Security Issues, U.S. Corporations**Dealer Financing Terms**
Senior Credit Officer Opinion Survey on Dealer Financing                      Terms-  **Exchange Rates and International Data** 
-  Foreign Exchange Rates - H.10/G.5International Summary StatisticsSecurities Holdings and TransactionsStatistics Reported by Banks and Other Financial Firms in                      the United StatesStructure and Share Data for U.S. Offices of Foreign                      Banks**Financial Accounts**
Financial Accounts of the United States - Z.1-  **Household Finance** 
-  Consumer Credit - G.19Household Debt Service and Financial Obligations                      RatiosMortgage Debt OutstandingSurvey of Consumer Finances (SCF)Survey of Household Economics and Decisionmaking**Industrial Activity**
Industrial Production and Capacity Utilization - G.17**Interest Rates**
Selected Interest Rates - H.15-  **Micro Data Reference Manual (MDRM)** 
-  Micro and Macro Data Collections**Money Stock and Reserve Balances**
Factors Affecting Reserve Balances - H.4.1Money Stock Measures - H.6**Other**
Yield Curve Models and DataConsumers            & Communities-  -  **Regulations** 
-  Community Reinvestment Act (CRA)All Regulations**Supervision & Enforcement**
CA LettersEnforcement ActionsIndependent Foreclosure Review-  **Community Development** 
-  Housing and Neighborhood RevitalizationSmall Business and EntrepreneurshipEmployment and Workforce DevelopmentCommunity Development FinanceRural Community and Economic Development-  Conferences**Research & Analysis**
Survey of Household Economics and DecisionmakingResearch Publications & Data Analysis-  Community Advisory Council**Consumer Resources**
Mortgage and Foreclosure ResourcesFederal Reserve Community Development Resources-  Home 
-  Data 
Federal Reserve Balance Sheet: Factors Affecting Reserve Balances - H.4.1-  Current Release              Release DatesAbout
AnnouncementsTechnical Q&As
        Current Release                    PDF            RSS Data            Download        Release Date:        March 30, 2023      
 

 

FactorsAffecting Reserve Balances of Depository Institutions and ConditionStatement of Federal Reserve Banks

 

 

1.Factors Affecting Reserve Balances of Depository Institutions

Millionsof dollars

Reserve Bank credit, related items, andreserve balances of depository institutions at Federal Reserve Banks

Averages of daily figures

WednesdayMar 29, 2023

Week endedMar 29, 2023

Change from week ended

Mar 22, 2023

Mar 30, 2022

Reserve Bank credit

 8,696,026

+   38,058

-  206,851

 8,669,146

Securities held outright1

 7,932,116

-    6,294

-  548,561

 7,926,131

U.S. Treasury securities

 5,329,143

+      314

-  430,563

 5,329,303

Bills2

   281,997

-      548

-   44,047

   281,840

Notes and bonds, nominal2

 4,566,632

         0

-  399,853

 4,566,632

Notes and bonds, inflation-indexed2

   377,024

         0

-   11,209

   377,024

Inflation compensation3

   103,490

+      862

+   24,546

   103,806

Federal agency debt securities2

     2,347

         0

         0

     2,347

Mortgage-backed securities4

 2,600,626

-    6,608

-  117,998

 2,594,480

Unamortized premiums on securities held outright5

   305,311

-      734

-   39,565

   304,958

Unamortized discounts on securities held outright5

   -27,516

+      165

-    6,114

   -27,421

Repurchase agreements6

    59,287

+   26,430

+   59,287

    55,000

Foreign official

    59,286

+   26,429

+   59,286

    55,000

Others

         2

+        2

+        2

         0

Loans

   357,914

+   17,215

+  333,400

   342,667

Primary credit

   104,899

-   12,088

+  104,271

    88,157

Secondary credit

         0

         0

         0

         0

Seasonal credit

         4

         0

+        4

         3

Paycheck Protection Program Liquidity Facility 

    10,267

-      247

-   13,619

    10,005

Bank Term Funding Program

    62,645

+   28,036

+   62,645

    64,403

Other credit extensions7

   180,100

+    1,514

+  180,100

   180,100

Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)8

    22,285

+       21

-    6,574

    22,304

Net portfolio holdings of Municipal Liquidity Facility LLC8

     5,600

+        3

-    1,052

     5,602

Net portfolio holdings of TALF II LLC8

     1,944

+        1

-      583

     1,946

Float

      -230

-       54

+       70

      -474

Central bank liquidity swaps9

       590

+       88

+      359

       585

Other Federal Reserve assets10

    38,725

+    1,217

+    2,482

    37,849

Foreign currency denominated assets11

    18,804

+      183

-      715

    18,745

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding12

    51,639

+       14

+      728

    51,639

 

 

 

 

 

Total factors supplying reserve funds

 8,782,711

+   38,255

-  206,837

 8,755,772

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)

Millionsof dollars

Reserve Bank credit, related items, and reserve balances of depository institutions atFederal Reserve Banks

Averages of daily figures

WednesdayMar 29, 2023

Week endedMar 29, 2023

Change from week ended

Mar 22, 2023

Mar 30, 2022

Currency in circulation12

 2,321,283

+    6,791

+   54,969

 2,323,580

Reverse repurchase agreements13

 2,596,739

+   93,055

+  640,348

 2,632,542

Foreign official and international accounts

   367,300

+      395

+  115,483

   367,680

Others

 2,229,439

+   92,661

+  524,865

 2,264,862

Treasury cash holdings

       152

+       17

+       80

       167

Deposits with F.R. Banks, other than reserve balances

   406,294

-   69,666

-  462,209

   376,963

Term deposits held by depository institutions

         0

         0

         0

         0

U.S. Treasury, General Account

   183,577

-   76,010

-  391,488

   162,758

Foreign official

     9,439

-      163

+    1,107

     9,436

Other14

   213,278

+    6,507

-   71,828

   204,770

Treasury contributions to credit facilities15

    15,347

         0

-    5,911

    15,347

Other liabilities and capital16

     5,305

-    4,459

-   42,024

     5,373

 

 

 

 

 

Total factors, other than reserve balances, absorbing reserve funds

 5,345,120

+   25,739

+  185,252

 5,353,972

 

 

 

 

 

Reserve balances with Federal Reserve Banks

 3,437,592

+   12,517

-  392,088

 3,401,800

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 loans that were extended to depository institutions established by the Federal Deposit Insurance Corporation (FDIC). The Federal Reserve Banks' loans to these depository institutions are secured by collateral and the FDIC provides repayment guarantees.

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.

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

11.

Revalued daily at current foreign currency exchange rates.

12.

Estimated.

13.

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

14.

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.

15.

Book value. Amount of equity investments in MS Facilities LLC of $11.5 billion, Municipal Liquidity Facility LLC of $2.9 billion, and TALF II LLC of $1.0 billion.

16.

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

Millionsof dollars

Memorandum item

Averages of daily figures

WednesdayMar 29, 2023

Week endedMar 29, 2023

Change from week ended

Mar 22, 2023

Mar 30, 2022

Securities held in custody for foreign official and international accounts

 3,293,908

-   15,545

-  170,261

 3,303,830

Marketable U.S. Treasury securities1

 2,872,707

-   21,744

-  174,463

 2,882,544

Federal agency debt and mortgage-backed securities2

   339,854

+    6,200

+    4,442

   339,935

Other securities3

    81,347

-        1

-      241

    81,352

Securities lent to dealers

    50,044

+    3,546

+   10,092

    51,091

Overnight facility4

    50,044

+    3,546

+   10,092

    51,091

U.S. Treasury securities

    50,044

+    3,546

+   10,092

    51,091

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, March 29, 2023

Millionsof dollars

Remaining Maturity

Within 15days

16days to90 days

91 days to1 year

Over1 yearto 5 years

Over5 yearto 10 years

Over 10years

All

Loans1

   265,933

     2,827

    63,909

     9,999

         0

...

   342,667

U.S. Treasury securities2

 

 

 

 

 

 

 

Holdings

    90,307

   343,815

   641,873

 1,865,265

   909,269

 1,478,775

 5,329,303

Weeklychanges

+    5,989

-    7,532

+    1,056

+      353

+      235

+      228

+      327

Federalagency debt securities3

 

 

 

 

 

 

 

Holdings

         0

         0

         0

         0

     2,347

         0

     2,347

Weeklychanges

         0

         0

         0

         0

         0

         0

         0

Mortgage-backedsecurities4

 

 

 

 

 

 

 

Holdings

         0

         2

        19

     7,785

    46,849

 2,539,825

 2,594,480

Weeklychanges

         0

-        1

-        5

-      206

-      518

-   10,025

-   10,755

Loan participations held by MS 

 

 

 

 

 

 

 

Facilities LLC (Main Street Lending 

 

 

 

 

 

 

 

Program)5

         0

         0

         0

    11,255

...

...

    11,255

Municipal notes held by Municipal 

 

 

 

 

 

 

 

Liquidity Facility LLC6

         0

         0

     2,907

         0

...

...

     2,907

Loans held by TALF II LLC7

         0

         0

       927

         0

...

...

       927

Repurchaseagreements8

    55,000

         0

...

...

...

...

    55,000

Centralbank liquidity swaps9

       585

         0

         0

         0

         0

         0

       585

Reverse repurchaseagreements8

 2,632,542

         0

...

...

...

...

 2,632,542

Termdeposits

         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), Bank Term Funding Program, 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. Additionally, the Within 15 days category includes loans to FDIC-established depository institutions that were subsequently placed in receivership.  These loans are recognized as performing based upon payment due from the receiverships, collateral securing the loans, and the FDIC repayment guarantees. 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

Millionsof dollars

Account name

Wednesday

Mar 29, 2023

Mortgage-backed securities held outright1

 2,594,480

Residential mortgage-backed securities

 2,586,046

Commercial mortgage-backed securities

     8,434

 

 

Commitments to buy mortgage-backed securities2

        80

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

Millionsof dollars

Credit Facilities LLCs:

Wednesday Mar 29, 2023

 

Net portfolio holdings of

Credit Facilities LLCs

Outstanding

 

 

 

principal

Outstanding

 

 

amount

amount of

Treasury

 

of loan

facility

contributions

 

extended to

asset

and

 

the LLC1

purchases2

other assets3

Total

MS Facilities LLC (Main Street Lending Program)

    10,514

    10,212

    12,092

    22,304

Municipal Liquidity Facility LLC

     2,907

     2,907

     2,695

     5,602

TALF II LLC

       981

       927

     1,019

     1,946

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 December 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

Millionsof dollars

Assets, liabilities, and capital

Eliminations from consolidation

WednesdayMar 29, 2023

Change since

Wednesday

Wednesday

Mar 22, 2023

Mar 30, 2022

Assets

 

 

 

 

Gold certificate account

 

    11,037

         0

         0

Special drawing rights certificate account

 

     5,200

         0

         0

Coin

 

     1,289

+        4

-        6

Securities, unamortized premiums and discounts, repurchase agreements, and loans

 

 8,601,335

-   27,592

-  223,480

Securities held outright1

 

 7,926,131

-   10,427

-  551,496

U.S. Treasury securities

 

 5,329,303

+      327

-  430,727

Bills2

 

   281,840

-      534

-   44,204

Notes and bonds, nominal2

 

 4,566,632

         0

-  399,853

Notes and bonds, inflation-indexed2

 

   377,024

         0

-   11,209

Inflation compensation3

 

   103,806

+      861

+   24,539

Federal agency debt securities2

 

     2,347

         0

         0

Mortgage-backed securities4

 

 2,594,480

-   10,755

-  120,770

Unamortized premiums on securities held outright5

 

   304,958

-      815

-   39,578

Unamortized discounts on securities held outright5

 

   -27,421

+      173

-    6,040

Repurchase agreements6

 

    55,000

-    5,000

+   54,999

Loans7

 

   342,667

-   11,524

+  318,635

Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)8

 

    22,304

+       22

-    6,562

Net portfolio holdings of Municipal Liquidity Facility LLC8

 

     5,602

+        3

-    1,051

Net portfolio holdings of TALF II LLC8

 

     1,946

+        2

-      581

Items in process of collection

(0)

        50

-        2

-       11

Bank premises

 

       474

-        1

-      657

Central bank liquidity swaps9

 

       585

-        2

+      354

Foreign currency denominated assets10

 

    18,745

+       39

-      935

Other assets11

 

    37,376

-      316

+    1,728

 

 

 

 

 

Total assets

(0)

 8,705,942

-   27,845

-  231,200

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)

Millionsof dollars

Assets, liabilities, and capital

Eliminations from consolidation

WednesdayMar 29, 2023

Change since

Wednesday

Wednesday

Mar 22, 2023

Mar 30, 2022

Liabilities

 

 

 

 

Federal Reserve notes, net of F.R. Bank holdings

 

 2,273,392

+    4,671

+   54,732

Reverse repurchase agreements12

 

 2,632,542

-   17,442

+  591,759

Deposits

(0)

 3,778,764

-   10,305

-  830,002

Term deposits held by depository institutions

 

         0

         0

         0

Other deposits held by depository institutions

 

 3,401,800

+   31,814

-  371,666

U.S. Treasury, General Account

 

   162,758

-   37,098

-  394,033

Foreign official

 

     9,436

-        1

+    1,312

Other13

(0)

   204,770

-    5,021

-   65,614

Deferredavailability cash items

(0)

       524

+      199

-      673

Treasury contributions to credit facilities14

 

    15,347

         0

-    5,911

Otherliabilities and accrued dividends15

 

   -36,828

-    4,668

-   42,197

 

 

 

 

 

Total liabilities

(0)

 8,663,740

-   27,546

-  232,294

 

 

 

 

 

Capital accounts

 

 

 

 

Capital paid in

 

    35,417

-      299

+    1,093

Surplus

 

     6,785

         0

         0

Other capital accounts

 

         0

         0

         0

 

 

 

 

 

Total capital

 

    42,202

-      299

+    1,093

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 Paycheck Protection Program Liquidity Facility, Bank Term Funding Program, 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 $11.5 billion, Municipal Liquidity Facility LLC of $2.9 billion, and TALF II LLC of $1.0 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, March 29, 2023

Millionsof dollars

Assets, liabilities, and capital

Total

Boston

New York

Philadelphia

Cleveland

Richmond

Atlanta

Chicago

St. Louis

Minneapolis

Kansas

Dallas

San 

City

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

     1,289

        20

        37

       117

        43

       192

        79

       241

        27

        38

        86

       155

       253

Securities, unamortized premiums and discounts, repurchase agreements, and loans1

 8,601,335

   166,515

 4,292,497

   191,913

   332,702

   577,939

   542,830

   566,537

   131,723

    65,525

   135,468

   429,022

 1,168,664

Net portfolio holdings of MS

 

 

 

 

 

 

 

 

 

 

 

 

 

Facilities LLC (Main Street Lending

 

 

 

 

 

 

 

 

 

 

 

 

 

Program)2

    22,304

    22,304

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Municipal Liquidity Facility LLC2

     5,602

         0

     5,602

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of TALF II LLC2

     1,946

         0

     1,946

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Centralbank liquidity swaps3

       585

        25

       204

        22

        57

       117

        19

        22

        12

         3

         6

        14

        84

Foreign currency denominated 

 

 

 

 

 

 

 

 

 

 

 

 

 

assets4

    18,745

       807

     6,530

       695

     1,832

     3,758

       610

       711

       377

        94

       193

       450

     2,687

Otherassets5

    37,900

       862

    18,633

       934

     1,518

     2,910

     2,436

     2,473

       673

       465

       879

     1,956

     4,161

Interdistrictsettlement account

         0

+    5,535

+    3,727

-   40,301

-    7,485

+  267,673

+   40,724

-   19,742

-    2,833

-      765

-   19,366

-      668

-  226,498

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 8,705,942

   196,612

 4,334,446

   153,917

   329,431

   853,792

   588,944

   551,334

   130,441

    65,622

   117,707

   432,209

   951,486

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, March 29, 2023 (continued)

Millionsof dollars

Assets, liabilities, and capital

Total

Boston

New York

Philadelphia

Cleveland

Richmond

Atlanta

Chicago

St. Louis

Minneapolis

Kansas

Dallas

San

City

Francisco

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

Federal Reserve notes, net

 2,273,392

    77,872

   716,562

    53,256

   111,647

   175,166

   354,908

   124,855

    68,759

    32,507

    48,943

   190,498

   318,419

Reverserepurchase agreements6

 2,632,542

    52,703

 1,349,708

    60,478

   105,125

   183,453

   172,238

   179,960

    41,345

    18,666

    41,094

   134,969

   292,802

Deposits

 3,778,764

    53,083

 2,277,528

    38,732

   109,301

   490,006

    59,676

   247,485

    19,289

    14,158

    27,166

   106,300

   336,038

Depository institutions

 3,401,800

    53,076

 2,050,013

    38,731

   109,267

   489,568

    59,647

    99,301

    19,282

    14,052

    27,135

   105,714

   336,013

U.S.Treasury, General Account

   162,758

         0

   162,758

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     9,436

         2

     9,410

         1

         4

         8

         1

         2

         1

         0

         0

         1

         6

Other7

   204,770

         6

    55,348

         0

        30

       430

        28

   148,183

         6

       105

        31

       585

        19

Earnings remittances due to the U.S. Treasury8

   -44,180

      -822

   -31,430

      -230

      -866

    -4,350

        20

    -3,442

       -43

       -85

      -117

      -605

    -2,212

Treasury contributions to credit facilities9

    15,347

    11,453

     3,894

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Otherliabilities and accrued dividends

     7,876

       524

     3,323

       174

       265

     1,038

       801

       477

       134

       109

       165

       256

       609

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total liabilities

 8,663,740

   194,813

 4,319,586

   152,411

   325,472

   845,313

   587,644

   549,335

   129,483

    65,355

   117,252

   431,419

   945,657

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital

 

 

 

 

 

 

 

 

 

 

 

 

 

Capitalpaid in

    35,417

     1,507

    12,446

     1,262

     3,319

     7,106

     1,098

     1,763

       805

       224

       383

       647

     4,858

Surplus

     6,785

       292

     2,414

       244

       640

     1,374

       203

       236

       153

        43

        72

       143

       971

Othercapital

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total liabilities and capital

 8,705,942

   196,612

 4,334,446

   153,917

   329,431

   853,792

   588,944

   551,334

   130,441

    65,622

   117,707

   432,209

   951,486

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, March 29, 2023 (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, Bank Term Funding Program, 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.

The Federal Reserve Banks remit residual net earnings 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. Positive amounts represent the estimated weekly remittances due to U.S. Treasury. Negative amounts represent the cumulative deferred asset position, which is incurred during a period when earnings are not sufficient to provide for the cost of operations, payment of dividends, and maintaining surplus. The deferred asset is the amount of net earnings that the Federal Reserve Banks need to realize before remittances to the U.S. Treasury resume.

9.

Book value. Amount of equity investments in MS Facilities LLC of $11.5 billion, Municipal Liquidity Facility LLC of $2.9 billion, and TALF II LLC of $1.0 billion.

 

   

 

 

 

Noteon 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 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 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

Millionsof dollars

Federal Reserve notes and collateral

Wednesday

Mar 29, 2023

Federal Reserve notes outstanding

 2,632,798

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

   359,407

Federal Reserve notes to be collateralized

 2,273,392

Collateral held against Federal Reserve notes

 2,273,392

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

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

 2,257,155

Other assets pledged

         0

Memo:

 

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

 7,981,131

Less: Face value of securities under reverse repurchase agreements

 2,795,131

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

 5,186,000

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.

 

 

 
Back to Top          Last Update: March 30, 2023        Board of Governors*of the*Federal Reserve System-  About the Fed 
-  News & Events 
-  Monetary PolicySupervision & RegulationFinancial StabilityPayment SystemsEconomic Research
Data
Consumers & CommunitiesTools and Information-  ContactPublications
Freedom of Information (FOIA)Office of Inspector GeneralBudget & Performance              | AuditNo FEAR Act
Español
Website Policies              | Privacy ProgramAccessibility              Stay Connected            Link to Federal Reserve Facebook PageLink to Federal Reserve Twitter PageLink to Federal Reserve YouTube PageLink to Federal Reserve Flickr PageFederal Reserve LinkedIn PageSubscribe to RSSSubscribe to Email
            Board of Governors *of the* Federal            Reserve System          

            20th Street and Constitution Avenue N.W., Washington, DC 20551*****