How Many Bills Have Not Changed Since Being Issued By The Federal Reserve?

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Release Date: Thursday, March 24, 2022
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FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and Condition Argument of Federal Reserve Banks

March 24, 2022

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Reserve Bank credit, related items, and reserve balances of depository institutions at Federal Reserve Banks	Averages of daily figures			Wednesday Mar 23, 2022
	Week ended Mar 23, 2022	Alter from week ended
		Mar 16, 2022	Mar 24, 2021
Reserve Bank credit	8,924,198	+ 28,729	+1,238,979	viii,925,168
Securities held outright 1	8,498,798	+ 30,105	+ane,334,910	8,500,255
U.S. Treasury securities	five,758,825	+ 881	+ 843,107	5,759,149
Bills ii	326,044	0	0	326,044
Notes and bonds, nominal 2	4,966,485	0	+ 750,914	4,966,485
Notes and bonds, inflation-indexed 2	388,233	0	+ 59,409	388,233
Inflation bounty 3	78,062	+ 881	+ 32,783	78,386
Federal bureau debt securities ii	two,347	0	0	2,347
Mortgage-backed securities 4	two,737,626	+ 29,224	+ 491,803	2,738,760
Unamortized premiums on securities held outright 5	346,361	- 870	- 6,556	345,896
Unamortized discounts on securities held outright v	-21,374	- 555	- 12,814	-21,410
Repurchase agreements vi	0	0	0	0
Foreign official	0	0	0	0
Others	0	0	0	0
Loans	25,276	- ii,148	- 33,014	24,738
Principal credit	910	- 1,532	- 105	599
Secondary credit	0	0	0	0
Seasonal credit	0	0	0	0
Primary Dealer Credit Facility	0	0	- 114	0
Money Marketplace Mutual Fund Liquidity Facility	0	0	- 557	0
Paycheck Protection Program Liquidity Facility	24,366	- 616	- 32,237	24,140
Other credit extensions	0	0	0	0
Net portfolio holdings of Commercial Paper Funding Facility 2 LLC 7	0	0	- 8,562	0
Net portfolio holdings of Corporate Credit Facilities LLC 7	0	0	- 26,012	0
Net portfolio holdings of MS Facilities LLC (Main Street Lending Program) 7	28,849	- 110	- two,092	28,857
Net portfolio holdings of Municipal Liquidity Facility LLC 7	6,651	+ i	- iv,900	6,652
Net portfolio holdings of TALF Two LLC 7	ii,526	0	- 3,122	2,527
Float	-124	+ 48	- 17	-155
Central banking company liquidity swaps eight	309	+ 25	- 523	309
Other Federal Reserve assets 9	36,926	+ ii,233	+ ane,681	37,498
Foreign currency denominated avails x	19,710	- 58	- 1,736	xix,568
Aureate stock	eleven,041	0	0	11,041
Special drawing rights certificate account	v,200	0	0	5,200
Treasury currency outstanding xi	fifty,981	+ fourteen	+ 458	50,981
Total factors supplying reserve funds	nine,011,131	+ 28,686	+1,237,701	nine,011,958

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

H.iv.1

1. Factors Affecting Reserve Balances of Depository Institutions (continued)

Millions of dollars

Reserve Bank credit, related items, and reserve balances of depository institutions at Federal Reserve Banks	Averages of daily figures			Wednesday Mar 23, 2022
	Week ended Mar 23, 2022	Change from calendar week concluded
		Mar 16, 2022	Mar 24, 2021
Currency in circulation 11	2,264,290	+ 3,256	+ 142,389	two,265,754
Opposite repurchase agreements 12	one,977,615	+ 145,927	+one,748,454	2,054,582
Foreign official and international accounts	248,946	- iv,551	+ 40,780	251,396
Others	i,728,669	+ 150,479	+1,707,674	1,803,186
Treasury cash holdings	70	+ 1	- 29	72
Deposits with F.R. Banks, other than reserve balances	897,992	+ 41,568	- 597,103	854,686
Term deposits held by depository institutions	0	0	0	0
U.S. Treasury, General Account	614,616	+ 44,010	- 446,522	576,442
Foreign official	7,389	- 318	- 22,416	7,573
Other 13	275,987	- 2,124	- 128,166	270,671
Treasury contributions to credit facilities 14	21,258	0	- 30,520	21,258
Other liabilities and capital fifteen	48,811	- 1,440	- 210	46,560
Full factors, other than reserve balances, arresting reserve funds	5,210,037	+ 189,313	+ane,262,982	5,242,912
Reserve balances with Federal Reserve Banks	3,801,095	- 160,626	- 25,280	3,769,046

Notation: Components may non sum to totals considering of rounding.

1.	Includes securities lent to dealers under the overnight securities lending facility; refer to tabular array 1A.
ii.	Face value of the securities.
iii.	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 up value shown is the remaining master balance of the securities.
5.	Reflects the premium or discount, which is the difference between the purchase cost and the face value of the securities that has not been amortized. For U.Southward. Treasury securities, Federal agency debt securities, and mortgage-backed securities, amortization is on an effective-involvement ground.
half-dozen.	Greenbacks 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 notation on consolidation below.
8.	Dollar value of strange currency held nether these agreements valued at the exchange rate to be used when the foreign currency is returned to the strange fundamental bank. This exchange rate equals the market exchange charge per unit used when the foreign currency was acquired from the foreign central bank.
ix.	Includes bank premises, accrued interest, and other accounts receivable.
10.	Revalued daily at current strange currency exchange rates.
11.	Estimated.
12.	Greenbacks value of agreements, which are collateralized past U.South. Treasury securities, federal agency debt securities, and mortgage-backed securities
13.	Includes deposits held at the Reserve Banks by international and multilateral organizations, authorities-sponsored enterprises, designated financial marketplace utilities, and deposits held by depository institutions in articulation accounts in connection with their participation in certain private-sector payment arrangements. Also includes certain deposit accounts other than the U.Due south. Treasury, General Account, for services provided by the Reserve Banks as fiscal agents of the United States.
14.	Book value. Amount of disinterestedness investments in MS Facilities LLC of $fifteen.seven billion, Municipal Liquidity Facility LLC of $4.2 billion, and TALF Ii LLC of $1.4 billion.
xv.	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.ane

1A. Memorandum Items

Millions of dollars

Memorandum item	Averages of daily figures			Wednesday Mar 23, 2022
	Week ended Mar 23, 2022	Change from week ended
		Mar 16, 2022	Mar 24, 2021
Securities held in custody for foreign official and international accounts	three,450,299	+ xv,498	- 116,274	iii,458,647
Marketable U.S. Treasury securities 1	iii,029,199	+ 7,064	- 95,365	iii,034,738
Federal bureau debt and mortgage-backed securities 2	339,473	+ 8,077	- fifteen,359	342,275
Other securities three	81,628	+ 358	- five,549	81,634
Securities lent to dealers	39,678	+ 387	+ 3,013	36,627
Overnight facility 4	39,678	+ 387	+ 3,013	36,627
U.South. Treasury securities	39,678	+ 387	+ three,013	36,627
Federal agency debt securities	0	0	0	0

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

ane.	Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS. Does non include securities pledged as collateral to strange official and international account holders confronting opposite repurchase agreements with the Federal Reserve presented in tables 1, five, and 6.
2.	Face up value of federal agency securities and current face up value of mortgage-backed securities, which is the remaining principal balance of the securities.
3.	Includes non-marketable U.South. Treasury securities, supranationals, corporate bonds, asset-backed securities, and commercial paper at face value.
4.	Confront value. Fully collateralized by U.S. Treasury securities.

H.4.1

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, March 23, 2022

Millions of dollars

Remaining Maturity	Inside 15 days	16 days to 90 days	91 days to ane year	Over 1 twelvemonth to five years	Over five twelvemonth to 10 years	Over 10 years	All
Loans 1	362	904	ane	23,471	0	...	24,738
U.Due south. Treasury securities two
Holdings	81,034	325,999	760,289	two,183,659	1,008,054	1,400,114	5,759,149
Weekly changes	+ 3,616	+ 14,810	- 18,376	+ 344	+ 265	+ 223	+ 882
Federal agency debt securities 3
Holdings	0	0	0	0	2,134	213	2,347
Weekly changes	0	0	0	0	0	0	0
Mortgage-backed securities 4
Holdings	0	ane	43	2,116	65,418	2,671,182	2,738,760
Weekly changes	0	0	0	+ 1	+ 2	+ eight,826	+ 8,829
Loan participations held by MS
Facilities LLC (Principal Street Lending
Program) 5	0	0	0	14,788	...	...	fourteen,788
Municipal notes held by Municipal
Liquidity Facility LLC six	0	0	0	2,907	...	...	2,907
Loans held past TALF Ii LLC 7	0	0	0	1,275	...	...	1,275
Repurchase agreements 8	0	0	...	...	...	...	0
Central banking concern liquidity swaps ix	309	0	0	0	0	0	309
Reverse repurchase agreements 8	ii,054,582	0	...	...	...	...	2,054,582
Term deposits	0	0	0	...	...	...	0

Annotation: Components may not sum to totals considering of rounding.
...Non applicable.

i.	Loans includes primary, secondary, and seasonal loans and credit extended through the Paycheck Protection Program Liquidity Facility and other credit extensions. Loans exclude the loans from the Federal Reserve Banking company of New York (FRBNY) to Municipal Liquidity Facility LLC and TALF II LLC, and from the Federal Reserve Depository financial institution of Boston (FRBB) to MS Facilities LLC, which were eliminated when preparing the FRBNY'southward and FRBB'south argument of condition, respectively, consistent with consolidation under generally accustomed accounting principles.
ii.	Face value. For aggrandizement-indexed securities, includes the original face value and compensation that adjusts for the issue of inflation on the original face value of such securities.
3.	Face up value.
4.	Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The electric current face value shown is the remaining principal residue of the securities.
5.	Volume value of the loan participations held by the MS Facilities LLC.
6.	Book value of the municipal notes held past the Municipal Liquidity Facility LLC.
7.	Volume value of the loans held by the TALF II LLC.
viii.	Cash value of agreements.
9.	Dollar value of foreign currency held under these agreements valued at the exchange charge per unit to be used when the foreign currency is returned to the strange central bank. This commutation rate equals the market exchange rate used when the strange currency was acquired from the strange central bank.

H.4.1

3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Account name	Wed
	Mar 23, 2022
Mortgage-backed securities held outright 1	two,738,760
Residential mortgage-backed securities	2,729,727
Commercial mortgage-backed securities	ix,032
Commitments to buy mortgage-backed securities 2	39,589
Commitments to sell mortgage-backed securities 2	0
Cash and cash equivalents 3	50

1.	Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal residual of the securities.
two.	Current face value. Includes residential and commercial mortgage-backed securities. Residential mortgage-backed securities more often than not 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.
three.	This corporeality 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

Credit Facilities LLCs:	Wednesday Mar 23, 2022
		Net portfolio holdings of
		Credit Facilities LLCs
	Outstanding
	principal	Outstanding
	corporeality	corporeality of	Treasury
	of loan	facility	contributions
	extended to	asset	and
	the LLC 1	purchases 2	other avails 3	Full
MS Facilities LLC (Principal Street Lending Plan)	xiv,563	12,765	16,093	28,857
Municipal Liquidity Facility LLC	2,907	two,907	iii,745	6,652
TALF Two LLC	1,327	1,275	i,252	2,527

Annotation: Components may non sum to totals because of rounding.

1.	Book value. This corporeality was eliminated when preparing the Federal Reserve Banks' argument of condition consistent with consolidation nether mostly accepted bookkeeping principles. Refer to the annotation on consolidation accompanying table 6. Loans are extended from the Federal Reserve Bank to the LLC upon settlement of the investment activity.
two.	Outstanding corporeality of facility asset purchases:
	a. For the MS Facilities LLC (Chief Street Lending Program) includes loan participations at face value, net of an allowance for loan losses
	updated every bit of December 31, 2021.
	b. For the Municipal Liquidity Facility LLC includes municipal notes at book value. Nugget 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 curt 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 greenbacks equivalents held at the FRBNY are eliminated in consolidation and, as result, are excluded from net portfolio holdings in Tables 1, v, and 6. Amounts excluded are approximately 15% of Treasury contributions to the Municipal Liquidity Facility LLC and TALF 2 LLC. Refer to the note on consolidation accompanying tabular array 6.

H.four.1

five. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Assets, liabilities, and capital letter	Eliminations from consolidation	Wednesday Mar 23, 2022	Change since
			Wed	Wednesday
			Mar sixteen, 2022	Mar 24, 2021
Avails
Golden document business relationship		11,037	0	0
Special drawing rights certificate account		v,200	0	0
Money		1,293	+ ix	- 223
Securities, unamortized premiums and discounts, repurchase agreements, and loans		8,849,480	+ vi,285	+i,288,594
Securities held outright 1		8,500,255	+ nine,710	+1,341,799
U.S. Treasury securities		five,759,149	+ 882	+ 837,847
Bills ii		326,044	0	0
Notes and bonds, nominal 2		4,966,485	0	+ 748,094
Notes and bonds, inflation-indexed 2		388,233	0	+ 57,010
Inflation bounty 3		78,386	+ 881	+ 32,742
Federal agency debt securities 2		2,347	0	0
Mortgage-backed securities four		two,738,760	+ 8,829	+ 503,953
Unamortized premiums on securities held outright v		345,896	- 1,048	- 6,565
Unamortized discounts on securities held outright 5		-21,410	- 137	- 12,397
Repurchase agreements half dozen		0	- ane	0
Loans 7		24,738	- 2,240	- 34,243
Net portfolio holdings of Commercial Paper Funding Facility II LLC 8		0	0	- eight,556
Net portfolio holdings of Corporate Credit Facilities LLC eight		0	0	- 26,023
Internet portfolio holdings of MS Facilities LLC (Main Street Lending Program) eight		28,857	+ x	- 2,088
Net portfolio holdings of Municipal Liquidity Facility LLC eight		6,652	+ 1	- 4,901
Net portfolio holdings of TALF 2 LLC 8		two,527	+ 1	- 3,122
Items in process of drove	(0)	54	- 10	+ 9
Banking company premises		1,293	- 68	- 626
Central banking company liquidity swaps 9		309	+ 25	- 523
Foreign currency denominated assets 10		nineteen,568	- 159	- 1,804
Other assets 11		36,205	+ 2,075	+ 2,116
Total avails	(0)	8,962,474	+ 8,168	+1,242,852

Annotation: Components may not sum to totals because of rounding. Footnotes appear at the end of the tabular array.

H.4.1

5. Consolidated Statement of Condition of All Federal Reserve Banks (connected)

Millions of dollars

Avails, liabilities, and capital letter	Eliminations from consolidation	Wednesday Mar 23, 2022	Alter since
			Wednesday	Wednesday
			Mar 16, 2022	Mar 24, 2021
Liabilities
Federal Reserve notes, internet of F.R. Bank holdings		2,216,134	+ 1,913	+ 133,149
Reverse repurchase agreements 12		two,054,582	+ 189,945	+1,820,138
Deposits	(0)	four,623,732	- 182,898	- 678,970
Term deposits held past depository institutions		0	0	0
Other deposits held by depository institutions		3,769,046	- 124,366	- 40,093
U.Due south. Treasury, Full general Business relationship		576,442	- 45,085	- 455,466
Foreign official		7,573	+ one,140	- 23,025
Other 13	(0)	270,671	- 14,586	- 160,385
Deferred availability cash items	(0)	209	- 2	- 27
Treasury contributions to credit facilities 14		21,258	0	- 30,520
Other liabilities and accrued dividends 15		5,451	- 790	- 2,804
Total liabilities	(0)	8,921,365	+ eight,167	+1,240,965
Capital accounts
Uppercase paid in		34,324	0	+ 1,887
Surplus		6,785	0	0
Other capital accounts		0	0	0
Full uppercase		41,109	0	+ 1,887

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

1.	Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
two.	Confront value of the securities.
three.	Compensation that adjusts for the consequence of inflation on the original face value of aggrandizement-indexed securities.
4.	Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal rest of the securities.
5.	Reflects the premium or disbelieve, which is the deviation between the purchase toll and the face value of the securities that has not been amortized. For U.Southward. Treasury securities, Federal bureau debt securities, and mortgage-backed securities, acquittal is on an constructive-involvement basis.
6.	Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
7.	Loans includes chief, secondary, and seasonal loans and credit extended through the Primary Dealer Credit Facility, Coin Market Mutual Fund Liquidity 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.
nine.	Dollar value of foreign currency held under these agreements valued at the commutation rate to be used when the foreign currency is returned to the foreign cardinal banking concern. This substitution rate equals the market exchange rate used when the foreign currency was acquired from the foreign central banking company.
ten.	Revalued daily at current strange currency exchange rates.
xi.	Includes accrued interest, which represents the daily aggregating of interest earned, and other accounts receivable.
12.	Cash value of agreements, which are collateralized by U.Due south. 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 sure eolith accounts other than the U.S. Treasury, General Account, for services provided past the Reserve Banks equally fiscal agents of the United states.
14.	Book value. Amount of equity investments in MS Facilities LLC of $xv.7 billion, Municipal Liquidity Facility LLC of $4.ii billion, and TALF Two LLC of $1.4 billion.
15.	Includes the liability for earnings remittances due to the U.S. Treasury.

H.iv.1

vi. Argument of Condition of Each Federal Reserve Bank, March 23, 2022

Millions of dollars

Assets, liabilities, and uppercase	Total	Boston	New York	Philadelphia	Cleveland	Richmond	Atlanta	Chicago	St. Louis	Minneapolis	Kansas	Dallas	San
											Metropolis		Francisco
Assets
Gold certificates and special drawing rights certificates	16,237	531	5,422	523	752	1,187	2,188	1,136	475	273	455	1,220	2,075
Coin	1,293	xix	21	116	53	190	108	235	22	41	93	160	235
Securities, unamortized premiums and discounts, repurchase agreements, and loans ane	8,849,480	147,488	4,991,882	186,408	325,556	591,649	517,068	481,598	115,237	77,272	117,511	390,365	907,445
Internet portfolio holdings of MS
Facilities LLC (Main Street Lending
Program) 2	28,857	28,857	0	0	0	0	0	0	0	0	0	0	0
Internet portfolio holdings of Municipal Liquidity Facility LLC 2	6,652	0	half-dozen,652	0	0	0	0	0	0	0	0	0	0
Net portfolio holdings of TALF II LLC ii	2,527	0	ii,527	0	0	0	0	0	0	0	0	0	0
Cardinal bank liquidity swaps 3	309	fourteen	104	11	27	64	14	12	half-dozen	three	3	half dozen	46
Foreign currency denominated
assets four	19,568	888	six,578	703	1,692	4,072	885	767	372	166	212	353	ii,881
Other assets 5	37,552	716	19,852	886	i,419	2,802	2,264	2,049	807	465	786	one,743	3,762
Interdistrict settlement account	0	+ xviii,225	- 288,453	- ii,285	- 11,181	+ 515	+ 55,635	+ 113,254	+ 27,477	+ 123	+ 18,770	+ 76,780	- 8,859
Total assets	8,962,474	196,738	4,744,584	186,361	318,318	600,479	578,163	599,050	144,397	78,342	137,830	470,627	907,585

Note: Components may not sum to totals considering of rounding. Footnotes appear at the end of the tabular array.

H.four.ane

6. Statement of Condition of Each Federal Reserve Banking company, March 23, 2022 (continued)

Millions of dollars

Assets, liabilities, and capital	Full	Boston	New York	Philadelphia	Cleveland	Richmond	Atlanta	Chicago	St. Louis	Minneapolis	Kansas	Dallas	San
											City		Francisco
Liabilities
Federal Reserve notes, net	ii,216,134	72,962	704,833	59,158	105,113	154,052	334,364	130,115	65,260	33,726	57,463	191,019	308,069
Contrary repurchase agreements six	ii,054,582	34,334	1,161,365	43,394	74,758	137,673	120,382	112,119	26,786	fifteen,898	27,283	90,857	209,732
Deposits	4,623,732	73,029	ii,856,143	82,067	134,218	299,571	121,379	354,791	51,286	28,296	52,438	187,362	383,153
Depository institutions	3,769,046	73,004	ii,214,446	82,066	134,123	298,898	121,293	143,131	51,277	28,107	52,406	187,217	383,080
U.S. Treasury, General Account	576,442	0	576,442	0	0	0	0	0	0	0	0	0	0
Strange official	vii,573	2	vii,546	ane	iii	8	2	2	1	0	0	one	6
Other seven	270,671	23	57,709	0	91	665	85	211,658	vii	188	31	144	67
Earnings remittances due to the U.S. Treasury 8	2,481	28	ane,473	48	79	138	156	127	30	fifteen	31	110	246
Treasury contributions to credit facilities 9	21,258	xv,674	five,584	0	0	0	0	0	0	0	0	0	0
Other liabilities and accrued dividends	3,178	-1,202	one,143	198	226	606	551	391	170	159	191	265	479
Total liabilities	8,921,365	194,825	iv,730,541	184,865	314,394	592,042	576,832	597,542	143,532	78,095	137,405	469,613	901,678
Capital
Uppercase paid in	34,324	ane,621	11,680	ane,244	three,261	seven,077	1,110	1,250	728	214	354	851	4,934
Surplus	6,785	292	two,363	252	663	ane,361	221	257	137	34	lxx	163	973
Other capital	0	0	0	0	0	0	0	0	0	0	0	0	0
Total liabilities and capital letter	8,962,474	196,738	4,744,584	186,361	318,318	600,479	578,163	599,050	144,397	78,342	137,830	470,627	907,585

Note: Components may not sum to totals because of rounding. Footnotes announced at the stop of the table.

H.4.1

6. Argument of Condition of Each Federal Reserve Bank, March 23, 2022 (connected)

1.	Securities include outright holdings of U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities, including securities lent to dealers nether 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 buy cost and the face value of the securities that have not been amortized. For U.S. Treasury securities, federal bureau debt securities, and mortgage-backed securities,
	amortization is on an effective-interest basis. Repurchase agreements reverberate the cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
	Loans includes main, 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 annotation on consolidation below.
3.	Dollar value of foreign currency held under these agreements valued at the substitution rate to be used when the foreign currency is returned to the foreign central banking company. This commutation rate equals the market place exchange rate used when the strange currency was acquired from the foreign primal bank.
4.	Revalued daily at current strange currency exchange rates.
5.	Includes items in process of drove, bank bounds, accrued interest (which represents the daily accumulation of interest earned), and other accounts receivable.
6.	Cash value of agreements, which are collateralized by U.Southward. Treasury securities, federal agency debt securities, and mortgage-backed securities.
seven.	Includes deposits held at the Reserve Banks by international and multilateral organizations, authorities-sponsored enterprises, designated financial market utilities, and deposits held by depository institutions in joint accounts in connexion 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.
eight.	Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line correspond the remainder internet 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 Banking company's allotted surplus cap.
9.	Volume value. Amount of equity investments in MS Facilities LLC of $15.seven billion, Municipal Liquidity Facility LLC of $4.two billion, and TALF Ii LLC of $i.4 billion.

	Note on consolidation:
	The Federal Reserve Banking company of New York (FRBNY) and the Federal Reserve Bank of Boston (FRBB) have extended loans to limited liability companies nether the dominance of section 13(iii) of the Federal Reserve Act. On April 14, 2020, FRBNY began extending loans to the Commercial Newspaper Funding Facility II LLC (CPFF II LLC), a limited liability company formed to purchase three-month U.Due south dollar-denominated commercial paper by eligible issuers. The assets of the CPFF Ii LLC and the amount provided past U.S. Treasury as credit protection to the FRBNY are used to secure the loan from the FRBNY. On May 12, 2020, FRBNY began extending loans to the Corporate Credit Facilities LLC (CCF LLC), a express 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 buy eligible individual corporate bonds and commutation-traded funds through the Secondary Market Corporate Credit Facility. The avails of the CCF LLC and the corporeality provided by U.Due south. Treasury as credit protection to the FRBNY are used to secure the loan from the FRBNY. On June five, 2020, FRBNY began extending loans to the Municipal Liquidity Facility LLC (MLF LLC), a express liability company formed to purchase municipal notes from eligible issuers. The avails of the MLF LLC and the amount provided by U.Southward. Treasury every bit 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 assist back up the flow of credit to consumers and businesses. The assets of the TALF II LLC and the amount provided past U.S. Treasury equally 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.South. Treasury as credit protection to the FRBB are used to secure the loan from the FRBB.
	The FRBNY is the managing member of CPFF II LLC, CCF LLC, MLF LLC, and TALF II LLC. The FRBB is the managing fellow member of MS Facilities LLC (Master Street Lending Plan). Consistent with generally accepted bookkeeping principles, the avails 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 status shown on this release. As a consequence of the consolidation, the loan from the Reserve Banking concern 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. Cyberspace assets of the LLC appears as assets on tabular array 6 (and in tabular array one and table five), 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 corporeality provided past U.South. Treasury as credit protection to FRBNY and FRBB appears as liabilities on tabular array 6 (and in table ane and table v).

H.four.1

7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts

Millions of dollars

Federal Reserve notes and collateral	Wednesday
	Mar 23, 2022
Federal Reserve notes outstanding	two,488,619
Less: Notes held by F.R. Banks non subject field to collateralization	272,485
Federal Reserve notes to be collateralized	ii,216,134
Collateral held confronting Federal Reserve notes	ii,216,134
Gilded certificate account	11,037
Special drawing rights certificate business relationship	5,200
U.Southward. Treasury, agency debt, and mortgage-backed securities pledged 1,2	2,199,897
Other assets pledged	0
Memo:
Total U.Southward. Treasury, agency debt, and mortgage-backed securities 1,2	8,500,255
Less: Face value of securities under reverse repurchase agreements	2,114,684
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged	6,385,571

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

i.	Includes face up value of U.S. Treasury, agency debt, and mortgage-backed securities held outright, compensation to accommodate 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 nether the overnight securities lending facility; refer to table 1A.

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Source: https://www.federalreserve.gov/releases/h41/current/

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