FRB: H.4.1 Release--Factors Affecting Reserve Balances-- June 10, 2021

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks June 10, 2021

1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures Wednesday
reserve balances of depository institutions at Week ended Change from week ended Jun 9, 2021
Federal Reserve Banks Jun 9, 2021 Jun 2, 2021 Jun 10, 2020

Reserve Bank credit 7,905,385 + 25,472 + 792,177 7,912,984
Securities held outright (1) 7,371,166 + 22,091 +1,390,033 7,376,508
U.S. Treasury securities 5,124,549 + 22,091 + 981,358 5,129,891
Bills (2) 326,044 0 0 326,044
Notes and bonds, nominal (2) 4,402,453 + 19,807 + 881,965 4,405,568
Notes and bonds, inflation-indexed (2) 344,343 + 1,487 + 84,192 346,058
Inflation compensation (3) 51,710 + 797 + 15,202 52,221
Federal agency debt securities (2) 2,347 0 0 2,347
Mortgage-backed securities (4) 2,244,270 0 + 408,675 2,244,270
Unamortized premiums on securities held outright (5) 349,384 + 412 + 43,274 349,680
Unamortized discounts on securities held outright (5) -13,740 - 104 - 8,265 -13,863
Repurchase agreements (6) 0 0 - 184,315 0
Foreign official 0 0 0 0
Others 0 0 - 184,314 0
Loans 86,509 + 1,724 - 13,094 87,580
Primary credit 486 - 92 - 8,766 502
Secondary credit 0 0 0 0
Seasonal credit 9 + 4 - 1 9
Primary Dealer Credit Facility 0 0 - 5,846 0
Money Market Mutual Fund Liquidity Facility 0 0 - 28,168 0
Paycheck Protection Program Liquidity Facility 86,014 + 1,812 + 29,689 87,069
Other credit extensions 0 0 0 0
Net portfolio holdings of Commercial Paper Funding
Facility II LLC (7) 8,554 0 - 4,241 8,554
Net portfolio holdings of Corporate Credit Facilities
LLC (7) 25,906 - 57 - 10,914 25,856
Net portfolio holdings of MS Facilities LLC (Main
Street Lending Program) (7) 30,569 + 7 + 26,015 30,576
Net portfolio holdings of Municipal Liquidity
Facility LLC (7) 10,817 - 64 - 5,259 10,734
Net portfolio holdings of TALF II LLC (7) 4,761 - 23 + 4,761 4,762
Float -109 + 505 + 76 -132
Central bank liquidity swaps (8) 516 - 126 - 445,743 516
Other Federal Reserve assets (9) 31,051 + 1,106 - 153 32,213
Foreign currency denominated assets (10) 21,674 - 53 + 822 21,682
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (11) 50,670 + 14 + 435 50,670

Total factors supplying reserve funds 7,993,970 + 25,433 + 793,434 8,001,576

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

1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures Wednesday
reserve balances of depository institutions at Week ended Change from week ended Jun 9, 2021
Federal Reserve Banks Jun 9, 2021 Jun 2, 2021 Jun 10, 2020

Currency in circulation (11) 2,180,092 + 3,178 + 226,250 2,180,167
Reverse repurchase agreements (12) 710,510 + 8,168 + 468,888 720,936
Foreign official and international accounts 222,570 - 9,760 - 18,871 218,032
Others 487,940 + 17,928 + 487,759 502,904
Treasury cash holdings 38 + 1 - 113 42
Deposits with F.R. Banks, other than reserve balances 1,126,770 - 48,573 - 541,912 1,081,895
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 730,235 - 53,000 - 776,323 673,555
Foreign official 27,388 + 542 + 11,018 27,493
Other (13) 369,147 + 3,885 + 223,392 380,848
Treasury contributions to credit facilities (14) 50,278 0 - 53,722 50,278
Other liabilities and capital (15) 51,910 + 2,415 + 1,898 51,532

Total factors, other than reserve balances,
absorbing reserve funds 4,119,599 - 34,810 + 101,291 4,084,851

Reserve balances with Federal Reserve Banks 3,874,371 + 60,244 + 692,143 3,916,725

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

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table
1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of
inflation-indexed securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the
remaining principal balance of the securities.
5. Reflects the premium or discount, which is the difference between the purchase price and the face
value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency debt
securities, and mortgage-backed securities, amortization is on an effective-interest basis.
6. Cash value of agreements.
7. Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury
contributions to the facility. Refer to note on consolidation below.
8. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used
when the foreign currency is returned to the foreign central bank. This exchange rate equals the
market exchange rate used when the foreign currency was acquired from the foreign central bank.
9. Includes bank premises, accrued interest, and other accounts receivable. Also includes net
portfolio holdings of Maiden Lane LLC.
10. Revalued daily at current foreign currency exchange rates.
11. Estimated.
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt
securities, and mortgage-backed securities
13. Includes deposits held at the Reserve Banks by international and multilateral organizations,
government-sponsored enterprises, designated financial market utilities, and deposits held by depository
institutions in joint accounts in connection with their participation in certain private-sector payment
arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General Account,
for services provided by the Reserve Banks as fiscal agents of the United States.
14. Book value. Amount of equity investments in Commercial Paper Funding Facility II LLC of $10
billion, Corporate Credit Facilities LLC of $13.9 billion, MS Facilities LLC of $16.6 billion, Municipal
Liquidity Facility LLC of $6.3 billion, and TALF II LLC of $3.5 billion.
15. Includes the liability for earnings remittances due to the U.S. Treasury.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.

1A. Memorandum Items
Millions of dollars
Memorandum item Averages of daily figures Wednesday
Week ended Change from week ended Jun 9, 2021
Jun 9, 2021 Jun 2, 2021 Jun 10, 2020

Securities held in custody for foreign official and
international accounts 3,547,626 + 11,517 + 140,570 3,541,703
Marketable U.S. Treasury securities (1) 3,107,895 + 11,611 + 163,100 3,101,823
Federal agency debt and mortgage-backed securities (2) 350,608 - 316 - 26,739 350,606
Other securities (3) 89,123 + 223 + 4,209 89,274
Securities lent to dealers 36,204 - 2,270 + 2,477 37,226
Overnight facility (4) 36,204 - 2,270 + 2,477 37,226
U.S. Treasury securities 36,204 - 2,270 + 2,477 37,226
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.

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, June 9, 2021
Millions of dollars
Remaining Maturity Within 15 16 days to 91 days to Over 1 year Over 5 year Over 10 All
days 90 days 1 year to 5 years to 10 years years

Loans (1) 351 160 20,115 66,951 3 ... 87,580
U.S. Treasury securities (2)
Holdings 50,731 327,810 643,991 1,978,648 933,934 1,194,777 5,129,891
Weekly changes - 11,590 + 11,289 + 360 + 1,842 + 5,179 + 3,786 + 10,868
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 0 15 1,847 67,409 2,174,999 2,244,270
Weekly changes 0 0 0 0 + 278 - 278 0
Commercial paper held by Commercial
Paper Funding Facility II LLC (5) 0 0 0 ... ... ... 0
Loan participations held by MS
Facilities LLC (Main Street Lending
Program) (6) 0 0 0 16,298 ... ... 16,298
Municipal notes held by Municipal
Liquidity Facility LLC (7) 0 0 0 5,358 ... ... 5,358
Loans held by TALF II LLC (8) 0 0 0 1,675 ... ... 1,675
Repurchase agreements (9) 0 0 ... ... ... ... 0
Central bank liquidity swaps (10) 163 353 0 0 0 0 516
Reverse repurchase agreements (9) 720,936 0 ... ... ... ... 720,936
Term deposits 0 0 0 ... ... ... 0

Note: Components may not sum to totals because of rounding.
...Not applicable.

1. Loans includes primary, secondary, and seasonal loans and credit extended through the Primary
Dealer Credit Facility, Paycheck Protection Program Liquidity Facility, and other credit extensions. Loans
exclude the loans from the Federal Reserve Bank of New York (FRBNY) to Commercial Paper Funding
Facility II LLC, Corporate Credit Facilities LLC, 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 commercial paper held by Commercial Paper Funding Facility II LLC.
6. Book value of the loan participations held by the MS Facilities LLC.
7. Book value of the municipal notes held by the Municipal Liquidity Facility LLC.
8. Book value of the loans held by the TALF II LLC.
9. Cash value of agreements.
10. 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.

3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name Wednesday
Jun 9, 2021

Mortgage-backed securities held outright (1) 2,244,270
Residential mortgage-backed securities 2,234,447
Commercial mortgage-backed securities 9,823

Commitments to buy mortgage-backed securities (2) 233,470
Commitments to sell mortgage-backed securities (2) 2,020

Cash and cash equivalents (3) 1

1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the
remaining principal balance of the securities.
2. Current face value. Includes residential and commercial mortgage-backed securities. Residential
mortgage-backed securities generally settle within 180 calendar days and include commitments associated
with outright transactions, dollar rolls, and coupon swaps. Commercial mortgage-backed securities
generally settle within three business days.
3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5
and table 6.

4. Information on Principal Accounts of Credit Facilities LLCs
Millions of dollars
Credit Facilities LLCs: Wednesday Jun 9, 2021
Net portfolio holdings of
Credit Facilities LLCs
Outstanding
principal Outstanding
amount amount of Treasury
of loan facility contributions
extended to asset and
the LLC (1) purchases (2)other assets (3) Total

Commercial Paper Funding Facility II LLC 0 0 8,554 8,554
Corporate Credit Facilities LLC 13,609 13,405 12,451 25,856
MS Facilities LLC (Main Street Lending Program) 16,282 13,639 16,936 30,576
Municipal Liquidity Facility LLC 5,358 5,358 5,376 10,734
TALF II LLC 1,733 1,675 3,086 4,762

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 Commercial Paper Funding Facility II LLC includes commercial paper at book value.
b. For the Corporate Credit Facilities LLC includes exchange traded-funds at fair value and
corporate bonds at book value. Asset balances
from trading activity are reported on a one-day lag after the transaction date.
c. 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 March 31, 2021.
d. 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.
e. 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 credit facilities from the
following consolidated LLCs: Commercial Paper Funding Facility II LLC, Corporate Credit Facilities LLC,
Municipal Liquidity Facility LLC, and TALF II LLC. Refer to the note on consolidation accompanying
table 6.

5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital Eliminations Wednesday Change since
from Jun 9, 2021 Wednesday Wednesday
consolidation Jun 2, 2021 Jun 10, 2020

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,243 + 3 - 169
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 7,799,905 + 13,850 +1,244,663
Securities held outright (1) 7,376,508 + 10,867 +1,388,157
U.S. Treasury securities 5,129,891 + 10,868 + 979,482
Bills (2) 326,044 0 0
Notes and bonds, nominal (2) 4,405,568 + 6,578 + 878,794
Notes and bonds, inflation-indexed (2) 346,058 + 3,202 + 84,907
Inflation compensation (3) 52,221 + 1,088 + 15,781
Federal agency debt securities (2) 2,347 0 0
Mortgage-backed securities (4) 2,244,270 0 + 408,675
Unamortized premiums on securities held outright
(5) 349,680 + 548 + 42,864
Unamortized discounts on securities held outright
(5) -13,863 - 168 - 8,411
Repurchase agreements (6) 0 0 - 167,300
Loans (7) 87,580 + 2,603 - 10,647
Net portfolio holdings of Commercial Paper
Funding Facility II LLC (8) 8,554 0 - 4,242
Net portfolio holdings of Corporate Credit
Facilities LLC (8) 25,856 - 107 - 11,518
Net portfolio holdings of MS Facilities LLC (Main
Street Lending Program) (8) 30,576 + 9 - 1,299
Net portfolio holdings of Municipal Liquidity
Facility LLC (8) 10,734 - 148 - 5,343
Net portfolio holdings of TALF II LLC (8) 4,762 + 1 + 4,762
Items in process of collection (0) 50 - 24 + 10
Bank premises 1,918 + 7 - 283
Central bank liquidity swaps (9) 516 + 3 - 444,004
Foreign currency denominated assets (10) 21,682 - 133 + 667
Other assets (11) 30,295 + 3,164 + 148

Total assets (0) 7,952,327 + 16,624 + 783,391

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

5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital Eliminations Wednesday Change since
from Jun 9, 2021 Wednesday Wednesday
consolidation Jun 2, 2021 Jun 10, 2020

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 2,130,778 + 1,039 + 223,751
Reverse repurchase agreements (12) 720,936 + 48,030 + 480,122
Deposits (0) 4,998,620 - 33,262 + 131,338
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 3,916,725 + 68,463 + 726,071
U.S. Treasury, General Account 673,555 - 138,532 - 831,014
Foreign official 27,493 + 745 + 11,237
Other (13) (0) 380,848 + 36,063 + 225,046
Deferred availability cash items (0) 182 - 592 - 95
Treasury contributions to credit facilities (14) 50,278 0 - 53,722
Other liabilities and accrued dividends (15) 12,020 + 1,405 + 1,399

Total liabilities (0) 7,912,815 + 16,620 + 782,794

Capital accounts
Capital paid in 32,727 + 3 + 636
Surplus 6,785 0 - 40
Other capital accounts 0 0 0

Total capital 39,512 + 3 + 596

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

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table
1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of
inflation-indexed securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the
remaining principal balance of the securities.
5. Reflects the premium or discount, which is the difference between the purchase price and the face
value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency debt
securities, and mortgage-backed securities, amortization is on an effective-interest basis.
6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
7. Loans includes primary, secondary, and seasonal loans and credit extended through the Primary
Dealer Credit Facility, Money 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.
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. Also includes net portfolio holdings of Maiden Lane LLC.
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 Commercial Paper Funding Facility II LLC of $10
billion, Corporate Credit Facilities LLC of $13.9 billion, MS Facilities LLC of $16.6 billion, Municipal
Liquidity Facility LLC of $6.3 billion, and TALF II LLC of $3.5 billion.
15. Includes the liability for earnings remittances due to the U.S. Treasury.

6. Statement of Condition of Each Federal Reserve Bank, June 9, 2021
Millions of 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 16,237 531 5,422 523 752 1,187 2,188 1,136 475 273 455 1,220 2,075
Coin 1,243 19 29 109 58 178 114 227 14 34 85 146 230
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans (1) 7,799,905 129,043 4,371,337 167,637 294,794 519,367 453,155 421,870 101,759 82,935 105,718 342,224 810,065
Net portfolio holdings of Commercial
Paper Funding Facility II LLC (2) 8,554 0 8,554 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Corporate
Credit Facilities LLC (2) 25,856 0 25,856 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of MS
Facilities LLC (Main Street Lending
Program) (2) 30,576 30,576 0 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Municipal
Liquidity Facility LLC (2) 10,734 0 10,734 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of TALF II LLC (2) 4,762 0 4,762 0 0 0 0 0 0 0 0 0 0
Central bank liquidity swaps (3) 516 23 173 19 45 107 23 20 10 4 6 9 76
Foreign currency denominated
assets (4) 21,682 984 7,288 778 1,875 4,512 981 849 412 184 235 391 3,193
Other assets (5) 32,263 625 16,717 778 1,220 2,425 1,988 1,786 698 430 726 1,596 3,275
Interdistrict settlement account 0 + 14,324 - 278,807 + 30,755 + 4,081 + 4,778 + 32,260 + 77,524 + 9,678 - 12,001 + 6,336 + 26,907 + 84,164

Total assets 7,952,327 176,126 4,172,064 200,599 302,824 532,554 490,709 503,413 113,048 71,859 113,560 372,493 903,078

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

6. Statement of Condition of Each Federal Reserve Bank, June 9, 2021 (continued)
Millions of 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 2,130,778 62,947 697,676 63,068 104,670 157,331 300,898 128,163 58,333 32,523 53,490 190,116 281,564
Reverse repurchase agreements (6) 720,936 12,047 407,513 15,227 26,232 48,309 42,241 39,342 9,399 5,578 9,573 31,881 73,593
Deposits 4,998,620 84,775 3,011,596 120,550 167,949 317,745 145,009 333,639 44,312 33,165 49,774 149,115 540,991
Depository institutions 3,916,725 84,759 2,107,655 120,549 167,827 316,739 144,885 160,369 44,304 32,416 48,417 147,842 540,965
U.S. Treasury, General Account 673,555 0 673,555 0 0 0 0 0 0 0 0 0 0
Foreign official 27,493 2 27,466 1 3 8 2 2 1 0 0 1 6
Other (7) 380,848 14 202,920 0 118 998 122 173,268 8 749 1,357 1,273 21
Earnings remittances due to the U.S.
Treasury (8) 3,021 23 1,789 59 106 190 167 160 35 20 40 130 303
Treasury contributions to credit
facilities (9) 50,278 16,572 33,706 0 0 0 0 0 0 0 0 0 0
Other liabilities and accrued
dividends 9,181 -2,020 6,518 285 360 812 601 568 226 348 250 419 814

Total liabilities 7,912,815 174,346 4,158,798 199,188 299,317 524,386 488,916 501,872 112,305 71,635 113,126 371,662 897,265

Capital
Capital paid in 32,727 1,472 10,986 1,167 2,921 6,756 1,486 1,275 613 167 361 709 4,815
Surplus 6,785 308 2,280 244 587 1,412 307 266 129 58 73 122 999
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 7,952,327 176,126 4,172,064 200,599 302,824 532,554 490,709 503,413 113,048 71,859 113,560 372,493 903,078

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

6. Statement of Condition of Each Federal Reserve Bank, June 9, 2021 (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 Primary Dealer Credit Facility, Paycheck Protection Program Liquidity Facility, and other credit extensions.
2. Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury contributions to the facility. Refer to note on consolidation below.
3. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals
the market exchange rate used when the foreign currency was acquired from the foreign central bank.
4. Revalued daily at current foreign currency exchange rates.
5. Includes items in process of collection, bank premises, accrued interest (which represents the daily accumulation of interest earned), and other accounts receivable. Also includes Net portfolio
holdings of Maiden Lane LLC; refer to the note on consolidation for additional information.
6. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
7. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by
depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General
Account, for services provided by the Reserve Banks as fiscal agents of the United States.
8. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after
providing for the costs of operations, payment of dividends, and the amount necessary to maintain each Federal Reserve Bank's allotted surplus cap.
9. Book value. Amount of equity investments in Commercial Paper Funding Facility II LLC of $10 billion, Corporate Credit Facilities LLC of $13.9 billion, MS Facilities LLC of $16.6 billion, and
Municipal Liquidity Facility LLC of $6.3 billion, and TALF II LLC of $3.5 billion.

Note on consolidation:
The Federal Reserve Bank of New York (FRBNY) and the Federal Reserve Bank of Boston (FRBB) have extended loans to limited liability companies under the authority of section 13(3) of the Federal
Reserve Act. On April 14, 2020, FRBNY began extending loans to the Commercial Paper Funding Facility II LLC (CPFF II LLC), a limited liability company formed to purchase three-month U.S
dollar-denominated commercial paper by eligible issuers. The assets of the CPFF 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
May 12, 2020, FRBNY began extending loans to the Corporate Credit Facilities LLC (CCF LLC), a limited liability company formed to purchase eligible bonds or portions of syndicated loans or bonds at
issuance through the Primary Market Corporate Credit Facility and to purchase eligible individual corporate bonds and exchange-traded funds through the Secondary Market Corporate Credit Facility.
The assets of the CCF LLC and the amount provided by U.S. Treasury as credit protection to the FRBNY are used to secure the loan from the FRBNY. On June 5, 2020, FRBNY began extending loans to the
Municipal Liquidity Facility LLC (MLF LLC), a limited liability company formed to purchase municipal notes from eligible issuers. The assets of the MLF LLC and the amount provided by U.S. Treasury
as credit protection to the FRBNY are used to secure the loan from the FRBNY. On June 25, 2020, FRBNY began extending loans to the TALF II LLC, a special purpose vehicle that was formed to help
support the flow of credit to consumers and businesses. The assets of the TALF II LLC and the amount provided by U.S. Treasury as credit protection to the FRBNY are used to secure the loan from the
FRBNY. On July 15, 2020, the FRBB began extending loans to the MS Facilities LLC (Main Street Lending Program), a special purpose vehicle that was formed to help ensure credit flows to small and
medium-sized businesses and to eligible nonprofits. The assets of the MS Facilities LLC and the amount provided by U.S. Treasury as credit protection to the FRBB are used to secure the loan from the
FRBB.
The FRBNY is the managing member of CPFF II LLC, CCF LLC, MLF LLC, and TALF II LLC. The FRBB is the managing member of MS Facilities LLC (Main Street Lending Program). Consistent with generally
accepted accounting principles, the assets and liabilities of each LLC have been accounted for and consolidated with the assets and liabilities of the FRBNY or FRBB, in the preparation of the
statements of condition shown on this release. As a consequence of the consolidation, the loan from the Reserve Bank to the LLC is eliminated as are any balances held at the FRBNY for LLCs consolidated
to FRBNY or FRBB for LLCs consolidated to FRBB. Treasury contributions to credit facilities are held at FRBNY until invested. Net assets of the LLC appears as assets on table 6 (and in table 1 and
table 5), and the liabilities of the LLC to entities other than the FRBNY or FRBB, including those with recourse only to the portfolio holdings of the LLC, are included in other liabilities in this
table (and table 1 and table 5). The amount provided by U.S. Treasury as credit protection to FRBNY and FRBB appears as liabilities on table 6 (and in table 1 and table 5).

7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
Jun 9, 2021

Federal Reserve notes outstanding 2,311,615
Less: Notes held by F.R. Banks not subject to collateralization 180,836
Federal Reserve notes to be collateralized 2,130,778
Collateral held against Federal Reserve notes 2,130,778
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 2,114,542
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 7,376,508
Less: Face value of securities under reverse repurchase agreements 682,197
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 6,694,311

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.

Statistical releases