Skip to main content

Back to Board of Governors of the Federal Reserve System-  Stay Connected    -  Federal Reserve Facebook PageFederal Reserve Instagram PageFederal Reserve YouTube PageFederal Reserve Flickr PageFederal Reserve LinkedIn PageFederal Reserve Threads PageFederal Reserve Twitter 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-  Aboutthe Fed    -  -  Structure of the Federal Reserve System 
-  The Fed Explained 
-  Board Members 
-  Advisory Councils 
-  Federal Reserve Banks 
-  Federal Reserve Bank and Branch Directors 
-  Federal Reserve Act 
-  Currency 
-  Board Meetings 
-  Board Votes 
-  Diversity & Inclusion 
-  Careers 
-  Do Business with the Board 
-  Holidays Observed - K.8 
-  Ethics & Values 
-  Contact 
-  Requesting Information (FOIA) 
-  FAQs 
-  Economic Education 
-  Fed Financial Statements 
-  Innovation 
-  News& Events    -  Press Releases 
  -  Speeches 
  -  Testimony 
  -  Calendar 
  -  Videos 
  -  Photo Gallery 
  -  Conferences 
-  MonetaryPolicy    -  -  **Federal Open Market Committee** 
-  About the FOMC 
-  Meeting calendars and information 
-  Transcripts and other historical materials 
-  FAQs 
-  **Monetary Policy Principles and Practice** 
-  Notes 
-  **Policy Implementation** 
-  Policy Normalization 
-  Policy Tools 
-  **Reports** 
-  Monetary Policy Report 
-  Beige Book 
-  Federal Reserve Balance Sheet Developments 
-  **Review of Monetary Policy Strategy, Tools, and Communications** 
-  Overview 
-  Supervision& Regulation    -  -  **Institution Supervision** 
-  Community & Regional Financial Institutions 
-  Large Financial Institutions 
-  Foreign Banking Organizations 
-  Financial Market Utilities 
-  Consumer Compliance 
-  **Reports** 
-  Federal Reserve Supervision and Regulation Report 
-  **Reporting Forms** 
-  All Reporting Forms 
-  Recent Updates 
-  Information collections under review 
-  Financial Statements 
-  Applications/structure change 
-  Federal Financial Institutions Examination Council (FFIEC) 
-  Municipal & Government Securities 
-  **Supervision & Regulation Letters** 
-  By Year 
-  By Topic 
-  **Banking Applications & Legal Developments** 
-  Application Process 
-  Board & Reserve Bank Action 
-  Enforcement Actions & Legal Developments 
-  **Regulatory Resources** 
-  Regulations 
-  Manuals 
-  Basel Regulatory Framework 
-  Volcker Rule 
-  Education, Training, and Assistance 
-  **Banking & Data Structure** 
-  Beneficial Ownership reports 
-  Large Commercial Banks 
-  U.S. Offices of Foreign Entities 
-  Financial Holding Companies 
-  Interstate Branching 
-  Securities Underwriting & Dealing Subsidiaries 
-  Minority Depository Institutions 
-  FinancialStability    -  **Financial Stability Assessments** 
-  About Financial Stability 
-  Types of Financial System Vulnerabilities & Risks 
-  Monitoring Risk Across the Financial System 
-  Proactive Monitoring of Markets & Institutions 
-  Financial Stability & Stress Testing 
-  **Financial Stability Coordination & Actions** 
-  Responding to Financial System Emergencies 
-  Cooperation on Financial Stability 
-  **Reports** 
-  Financial Stability Report 
-  PaymentSystems    -  -  **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 Services 
-  Guidelines for Evaluating Joint Account Requests 
-  Overnight Overdrafts 
-  Payment System Risk 
-  Sponsorship for Priority Telecommunication Services 
-  **Reserve Bank Payment Services & Data** 
-  Automated Clearinghouse Services 
-  Check Services 
-  Currency and Coin Services 
-  Daylight Overdrafts and Fees 
-  FedNow® Service 
-  Fedwire Funds Services 
-  Fedwire Securities Services 
-  Fiscal Agency Services 
-  Master Account and Services Database 
-  National Settlement Service 
-  **Financial Market Utilities & Infrastructures** 
-  Supervision & Oversight of Financial Market Infrastructures 
-  Designated Financial Market Utilities 
-  International Standards for Financial Market Infrastructures 
-  **Research, Committees, and Forums** 
-  Payment Research 
-  Federal Reserve Payments Study (FRPS) 
-  Payments System Policy Advisory Committee 
-  Forums 
-  EconomicResearch    -  -  Meet the Economists 
-  **Working Papers and Notes** 
-  Finance and Economics Discussion Series (FEDS) 
-  FEDS Notes 
-  International Finance Discussion Papers (IFDP) 
-  **Data, Models and Tools** 
-  Economic Research Data 
-  FRB/US Model 
-  Estimated Dynamic Optimization (EDO) Model 
-  Survey of Consumer Finances (SCF) 
-  Data    -  -  Data Download Program 
-  **Bank Assets and Liabilities** 
-  Aggregate Reserves of Depository Institutions and the Monetary Base - H.3 
-  Assets and Liabilities of Commercial Banks in the U.S. - H.8 
-  Assets and Liabilities of U.S. Branches and Agencies of Foreign Banks 
-  Charge-Off and Delinquency Rates on Loans and Leases at Commercial Banks 
-  Senior Financial Officer Survey 
-  Senior Loan Officer Opinion Survey on Bank Lending Practices 
-  **Bank Structure Data** 
-  Large Commercial Banks 
-  Minority Depository Institutions 
-  Structure and Share Data for the U.S. Offices of Foreign Banks 
-  **Business Finance** 
-  Commercial Paper 
-  Finance Companies - G.20 
-  New Security Issues, State and Local Governments 
-  New 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.5 
-  International Summary Statistics 
-  Securities Holdings and Transactions 
-  Statistics Reported by Banks and Other Financial Firms in the United States 
-  Structure 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.19 
-  Household Debt Service and Financial Obligations Ratios 
-  Mortgage Debt Outstanding 
-  Survey 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.4.1 
-  Money Stock Measures - H.6 
-  **Other** 
-  Yield Curve Models and Data 
-  Consumers & Communities    -  -  **Regulations** 
-  Community Reinvestment Act (CRA) 
-  All Regulations 
-  **Supervision & Enforcement** 
-  CA Letters 
-  Enforcement Actions 
-  Independent Foreclosure Review 
-  **Community Development** 
-  Housing and Neighborhood Revitalization 
-  Small Business and Entrepreneurship 
-  Employment and Workforce Development 
-  Community Development Finance 
-  Rural Community and Economic Development 
-  Conferences 
-  **Research & Analysis** 
-  Survey of Household Economics and Decisionmaking 
-  Research Publications & Data Analysis 
-  Community Advisory Council 
-  **Consumer Resources** 
-  Mortgage and Foreclosure Resources 
-  Federal 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:        October 19, 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

WednesdayOct 18, 2023

Week endedOct 18, 2023

Change from week ended

Oct 11, 2023

Oct 19, 2022

Reserve Bank credit

 7,905,284

-    9,456

-  815,441

 7,897,530

Securities held outright1

 7,403,451

-    7,180

-  919,586

 7,395,456

U.S. Treasury securities

 4,921,410

-    7,148

-  699,687

 4,913,457

Bills2

   234,719

-    1,635

-   67,541

   234,531

Notes and bonds, nominal2

 4,209,463

-    5,953

-  633,641

 4,201,526

Notes and bonds, inflation-indexed2

   365,380

         0

-   10,381

   365,380

Inflation compensation3

   111,847

+      440

+   11,875

   112,020

Federal agency debt securities2

     2,347

         0

         0

     2,347

Mortgage-backed securities4

 2,479,694

-       32

-  219,899

 2,479,652

Unamortized premiums on securities held outright5

   285,909

-      484

-   36,407

   285,717

Unamortized discounts on securities held outright5

   -26,512

+       73

+      299

   -26,422

Repurchase agreements6

         0

         0

-        1

         0

Foreign official

         0

         0

         0

         0

Others

         0

         0

-        1

         0

Loans

   169,616

-    4,298

+  149,910

   169,618

Primary credit

     2,720

+       94

-    3,647

     2,962

Secondary credit

         0

         0

         0

         0

Seasonal credit

        55

-       12

+       28

        48

Paycheck Protection Program Liquidity Facility 

     4,663

-      130

-    8,649

     4,633

Bank Term Funding Program

   108,818

+      799

+  108,818

   108,818

Other credit extensions7

    53,360

-    5,049

+   53,360

    53,156

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

    19,235

-      155

-    6,272

    19,011

Net portfolio holdings of Municipal Liquidity Facility LLC8

     5,635

+        3

+       67

     5,638

Net portfolio holdings of TALF II LLC8

     1,221

+        1

-      916

     1,222

Float

      -164

+       34

-       40

      -235

Central bank liquidity swaps9

       231

+        1

-    6,251

       231

Other Federal Reserve assets10

    46,661

+    2,549

+    3,755

    47,295

Foreign currency denominated assets11

    17,639

-       91

+      831

    17,632

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding12

    52,462

+       14

+      485

    52,462

 

 

 

 

 

Total factors supplying reserve funds

 7,991,626

-    9,533

-  814,125

 7,983,866

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

WednesdayOct 18, 2023

Week endedOct 18, 2023

Change from week ended

Oct 11, 2023

Oct 19, 2022

Currency in circulation12

 2,325,165

-    2,941

+   39,407

 2,324,467

Reverse repurchase agreements13

 1,434,124

-  120,985

-1,116,800

 1,448,928

Foreign official and international accounts

   297,713

+    8,432

-   31,623

   298,147

Others

 1,136,411

-  129,417

-1,085,177

 1,150,781

Treasury cash holdings

       359

+       11

+      256

       366

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

   921,547

+   47,958

+  106,921

 1,002,778

Term deposits held by depository institutions

         0

         0

         0

         0

U.S. Treasury, General Account

   759,878

+   50,718

+  152,679

   841,103

Foreign official

     9,688

+        1

+    2,252

     9,688

Other14

   151,981

-    2,762

-   48,011

   151,986

Treasury contributions to credit facilities15

    13,358

         0

-    4,582

    13,358

Other liabilities and capital16

   -56,808

+    1,489

-  101,164

   -56,261

 

 

 

 

 

Total factors, other than reserve balances, absorbing reserve funds

 4,637,744

-   74,470

-1,075,963

 4,733,636

 

 

 

 

 

Reserve balances with Federal Reserve Banks

 3,353,881

+   64,936

+  261,837

 3,250,230

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 outstanding loans to depository institutions that were subsequently placed into Federal Deposit Insurance Corporation (FDIC) receivership, including depository institutions established by the FDIC. The Federal Reserve Banks' loans to these depository institutions are secured by pledged 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 $9.7 billion, Municipal Liquidity Facility LLC of $2.8 billion, and TALF II LLC of $0.9 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

WednesdayOct 18, 2023

Week endedOct 18, 2023

Change from week ended

Oct 11, 2023

Oct 19, 2022

Securities held in custody for foreign official and international accounts

 3,433,271

+    8,015

+   98,035

 3,427,084

Marketable U.S. Treasury securities1

 2,997,656

+    4,546

+   72,825

 2,991,511

Federal agency debt and mortgage-backed securities2

   353,175

+    3,589

+   27,032

   353,128

Other securities3

    82,440

-      120

-    1,822

    82,446

Securities lent to dealers

    38,906

+      498

-    3,421

    38,194

Overnight facility4

    38,906

+      498

-    3,421

    38,194

U.S. Treasury securities

    38,906

+      498

-    3,421

    38,194

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, October 18, 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

    56,882

     3,098

   105,009

     4,629

         0

...

   169,618

U.S. Treasury securities2

 

 

 

 

 

 

 

Holdings

    83,503

   240,051

   584,932

 1,682,577

   818,473

 1,503,922

 4,913,457

Weeklychanges

+   34,874

-   24,084

-   17,778

-    8,298

+      107

+      129

-   15,050

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

         1

        22

     5,745

    37,845

 2,436,039

 2,479,652

Weeklychanges

         0

         0

         0

         0

         0

-       75

-       74

Loan participations held by MS 

 

 

 

 

 

 

 

Facilities LLC (Main Street Lending 

 

 

 

 

 

 

 

Program)5

         0

         0

         0

     9,285

...

...

     9,285

Municipal notes held by Municipal 

 

 

 

 

 

 

 

Liquidity Facility LLC6

         0

     2,907

         0

         0

...

...

     2,907

Loans held by TALF II LLC7

         0

       200

         0

         0

...

...

       200

Repurchaseagreements8

         0

         0

...

...

...

...

         0

Centralbank liquidity swaps9

       231

         0

         0

         0

         0

         0

       231

Reverse repurchaseagreements8

 1,448,928

         0

...

...

...

...

 1,448,928

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 outstanding loans to depository institutions (including FDIC-established depository institutions) that were subsequently placed in receivership.  These loans are recognized as performing based upon payment due from the receiverships, pledged 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

Oct 18, 2023

Mortgage-backed securities held outright1

 2,479,652

Residential mortgage-backed securities

 2,471,339

Commercial mortgage-backed securities

     8,312

 

 

Commitments to buy mortgage-backed securities2

       150

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 Oct 18, 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)

     8,329

     8,382

    10,629

    19,011

Municipal Liquidity Facility LLC

     2,907

     2,907

     2,730

     5,638

TALF II LLC

       393

       200

     1,022

     1,222

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, 2023.

 

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

WednesdayOct 18, 2023

Change since

Wednesday

Wednesday

Oct 11, 2023

Oct 19, 2022

Assets

 

 

 

 

Gold certificate account

 

    11,037

         0

         0

Special drawing rights certificate account

 

     5,200

         0

         0

Coin

 

     1,456

-        6

+      251

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

 

 7,824,370

-   20,503

-  802,592

Securities held outright1

 

 7,395,456

-   15,124

-  917,494

U.S. Treasury securities

 

 4,913,457

-   15,050

-  698,496

Bills2

 

   234,531

-    1,629

-   67,036

Notes and bonds, nominal2

 

 4,201,526

-   13,890

-  633,141

Notes and bonds, inflation-indexed2

 

   365,380

         0

-   10,381

Inflation compensation3

 

   112,020

+      470

+   12,062

Federal agency debt securities2

 

     2,347

         0

         0

Mortgage-backed securities4

 

 2,479,652

-       74

-  218,999

Unamortized premiums on securities held outright5

 

   285,717

-      523

-   36,327

Unamortized discounts on securities held outright5

 

   -26,422

+       89

+      334

Repurchase agreements6

 

         0

         0

-       10

Loans7

 

   169,618

-    4,946

+  150,905

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

 

    19,011

-      398

-    6,192

Net portfolio holdings of Municipal Liquidity Facility LLC8

 

     5,638

+        3

+       68

Net portfolio holdings of TALF II LLC8

 

     1,222

+        1

-      916

Items in process of collection

(0)

        70

+       15

-       39

Bank premises

 

       438

+        4

-      201

Central bank liquidity swaps9

 

       231

+        1

-    6,251

Foreign currency denominated assets10

 

    17,632

-      119

+      873

Other assets11

 

    46,857

+    2,109

+    4,238

 

 

 

 

 

Total assets

(0)

 7,933,162

-   18,892

-  810,760

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

WednesdayOct 18, 2023

Change since

Wednesday

Wednesday

Oct 11, 2023

Oct 19, 2022

Liabilities

 

 

 

 

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

 

 2,273,823

-    3,562

+   39,621

Reverse repurchase agreements12

 

 1,448,928

-   80,824

-1,122,731

Deposits

(0)

 4,253,007

+   63,713

+  377,285

Term deposits held by depository institutions

 

         0

         0

         0

Other deposits held by depository institutions

 

 3,250,230

-   65,420

+  209,452

U.S. Treasury, General Account

 

   841,103

+  128,103

+  200,490

Foreign official

 

     9,688

         0

+    2,253

Other13

(0)

   151,986

+    1,030

-   34,910

Deferredavailability cash items

(0)

       306

         0

+       59

Treasury contributions to credit facilities14

 

    13,358

         0

-    4,582

Otherliabilities and accrued dividends15

 

   -98,994

+    1,778

-  101,273

 

 

 

 

 

Total liabilities

(0)

 7,890,429

-   18,895

-  811,621

 

 

 

 

 

Capital accounts

 

 

 

 

Capital paid in

 

    35,948

+        2

+      861

Surplus

 

     6,785

         0

         0

Other capital accounts

 

         0

         0

         0

 

 

 

 

 

Total capital

 

    42,733

+        2

+      861

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 $9.7 billion, Municipal Liquidity Facility LLC of $2.8 billion, and TALF II LLC of $0.9 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 18, 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

       557

     5,175

       525

       752

     1,187

     2,287

     1,104

       479

       264

       452

     1,290

     2,165

Coin

     1,456

        49

        45

       131

        52

       189

       113

       254

        30

        47

       100

       182

       265

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

 7,824,370

   152,111

 4,281,815

   128,479

   238,488

   539,550

   525,682

   483,012

   122,120

    59,487

   107,261

   386,181

   800,183

Net portfolio holdings of MS

 

 

 

 

 

 

 

 

 

 

 

 

 

Facilities LLC (Main Street Lending

 

 

 

 

 

 

 

 

 

 

 

 

 

Program)2

    19,011

    19,011

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of Municipal Liquidity Facility LLC2

     5,638

         0

     5,638

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Net portfolio holdings of TALF II LLC2

     1,222

         0

     1,222

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Centralbank liquidity swaps3

       231

        10

        82

         8

        22

        47

         7

         8

         5

         1

         2

         5

        33

Foreign currency denominated 

 

 

 

 

 

 

 

 

 

 

 

 

 

assets4

    17,632

       759

     6,275

       633

     1,663

     3,570

       529

       614

       397

       111

       187

       372

     2,523

Otherassets5

    47,365

     1,031

    21,863

       838

     1,420

     3,462

     4,354

     2,728

       901

       610

     1,039

     2,398

     6,720

Interdistrictsettlement account

         0

-    2,874

-    5,737

-   17,170

+   35,003

+  195,257

-   23,712

-   86,632

-   11,606

-    4,538

-   16,047

-   55,847

-    6,098

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 7,933,162

   170,654

 4,316,376

   113,445

   277,400

   743,262

   509,259

   401,088

   112,327

    55,983

    92,996

   334,580

   805,792

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 18, 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

 2,273,823

    78,772

   725,947

    52,356

   111,258

   165,403

   353,249

   124,481

    72,395

    34,152

    48,750

   188,568

   318,491

Reverserepurchase agreements6

 1,448,928

    27,993

   809,154

    23,880

    44,526

   100,830

    98,156

    90,321

    21,675

     9,824

    18,733

    70,645

   133,189

Deposits

 4,253,007

    53,282

 2,829,406

    36,523

   120,619

   483,515

    55,682

   192,036

    17,247

    11,804

    25,275

    75,706

   351,911

Depository institutions

 3,250,230

    53,222

 1,924,431

    36,522

   120,561

   482,836

    55,575

    95,546

    17,232

    11,639

    25,240

    75,555

   351,870

U.S.Treasury, General Account

   841,103

         0

   841,103

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     9,688

         2

     9,662

         1

         4

         8

         1

         1

         1

         0

         0

         1

         6

Other7

   151,986

        58

    54,210

         0

        54

       671

       106

    96,489

        14

       165

        34

       150

        35

Earnings remittances due to the U.S. Treasury8

  -110,926

    -2,111

   -72,322

    -1,044

    -3,928

   -16,454

        70

    -8,437

      -109

      -196

      -435

    -1,662

    -4,298

Treasury contributions to credit facilities9

    13,358

     9,684

     3,674

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Otherliabilities and accrued dividends

    12,238

     1,226

     5,643

       216

       452

     1,480

       684

       657

       155

       129

       208

       319

     1,071

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total liabilities

 7,890,429

   168,846

 4,301,503

   111,932

   272,926

   734,775

   507,841

   399,057

   111,363

    55,714

    92,531

   333,576

   800,365

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital

 

 

 

 

 

 

 

 

 

 

 

 

 

Capitalpaid in

    35,948

     1,516

    12,460

     1,269

     3,834

     7,113

     1,215

     1,795

       811

       226

       393

       861

     4,456

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

 7,933,162

   170,654

 4,316,376

   113,445

   277,400

   743,262

   509,259

   401,088

   112,327

    55,983

    92,996

   334,580

   805,792

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 18, 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 $9.7 billion, Municipal Liquidity Facility LLC of $2.8 billion, and TALF II LLC of $0.9 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

Oct 18, 2023

Federal Reserve notes outstanding

 2,692,409

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

   418,586

Federal Reserve notes to be collateralized

 2,273,823

Collateral held against Federal Reserve notes

 2,273,823

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

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

 2,257,586

Other assets pledged

         0

Memo:

 

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

 7,395,456

Less: Face value of securities under reverse repurchase agreements

 1,697,988

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

 5,697,468

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: October 19, 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            Federal Reserve Facebook PageFederal Reserve Instagram PageFederal Reserve YouTube PageFederal Reserve Flickr PageFederal Reserve LinkedIn PageFederal Reserve Threads PageLink to Federal Reserve Twitter PageSubscribe to RSSSubscribe to Email
            Board of Governors *of the* Federal            Reserve System          

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