FRB: H.4.1 Release--Factors Affecting Reserve Balances-- February 18, 2021

FEDERAL RESERVE statistical release

For Release at
4:30 P.M. EDT
February 18, 2021

As of March 4, 2021 the ASCII format data tables for the H.4.1 Factors Affecting Reserve Balances will no
longer be available on this webpage. Historical data tables will continue to be available and current data will
continue to be available through the Data Download Program
(https://www.federalreserve.gov/datadownload/Choose.aspx?rel=H41) and HTML (https://www.federalreserve.gov/releases/h41/current/default.htm).
FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks February 18, 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 Feb 17, 2021
Federal Reserve Banks Feb 17, 2021 Feb 10, 2021 Feb 19, 2020

Reserve Bank credit 7,512,414 + 124,384 +3,367,576 7,517,575
Securities held outright (1) 6,980,839 + 122,200 +3,143,635 6,996,966
U.S. Treasury securities 4,812,144 + 25,642 +2,367,175 4,824,057
Bills (2) 326,044 0 + 65,863 326,044
Notes and bonds, nominal (2) 4,122,355 + 23,317 +2,094,049 4,134,243
Notes and bonds, inflation-indexed (2) 320,422 + 2,058 + 189,370 320,422
Inflation compensation (3) 43,322 + 267 + 17,892 43,348
Federal agency debt securities (2) 2,347 0 0 2,347
Mortgage-backed securities (4) 2,166,348 + 96,558 + 776,459 2,170,562
Unamortized premiums on securities held outright (5) 349,358 + 3,314 + 225,310 349,725
Unamortized discounts on securities held outright (5) -6,532 - 110 + 6,769 -6,728
Repurchase agreements (6) 714 - 200 - 166,700 500
Foreign official 714 - 200 + 714 500
Others 0 0 - 167,414 0
Loans 53,031 + 1,260 + 53,029 54,019
Primary credit 1,767 + 93 + 1,765 1,755
Secondary credit 0 0 0 0
Seasonal credit 0 0 0 0
Primary Dealer Credit Facility 265 - 254 + 265 265
Money Market Mutual Fund Liquidity Facility 1,729 0 + 1,729 1,729
Paycheck Protection Program Liquidity Facility 49,270 + 1,420 + 49,270 50,271
Other credit extensions 0 0 0 0
Net portfolio holdings of Commercial Paper Funding
Facility II LLC (7) 8,557 - 1 + 8,557 8,556
Net portfolio holdings of Corporate Credit Facilities
LLC (7) 26,269 + 11 + 26,269 26,240
Net portfolio holdings of MS Facilities LLC (Main
Street Lending Program) (7) 33,270 - 42 + 33,270 33,265
Net portfolio holdings of Municipal Liquidity
Facility LLC (7) 11,536 - 9 + 11,536 11,538
Net portfolio holdings of TALF II LLC (7) 6,405 + 1 + 6,405 6,405
Float -70 - 2 + 44 -113
Central bank liquidity swaps (8) 8,165 - 298 + 8,097 8,165
Other Federal Reserve assets (9) 40,872 - 1,740 + 11,356 29,036
Foreign currency denominated assets (10) 21,977 + 64 + 1,734 21,847
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (11) 50,539 + 14 + 412 50,539

Total factors supplying reserve funds 7,601,171 + 124,461 +3,369,722 7,606,202

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 Feb 17, 2021
Federal Reserve Banks Feb 17, 2021 Feb 10, 2021 Feb 19, 2020

Currency in circulation (11) 2,102,074 + 2,694 + 303,977 2,102,242
Reverse repurchase agreements (12) 205,063 + 990 - 20,701 201,719
Foreign official and international accounts 205,040 + 1,043 - 18,574 201,669
Others 24 - 52 - 2,126 50
Treasury cash holdings 72 + 11 - 179 79
Deposits with F.R. Banks, other than reserve balances 1,810,026 - 615 +1,300,966 1,793,134
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 1,567,041 - 41,865 +1,138,236 1,568,893
Foreign official 22,302 + 343 + 17,117 23,052
Other (13) 220,683 + 40,907 + 145,613 201,188
Treasury contributions to credit facilities (14) 51,778 0 + 51,778 51,778
Other liabilities and capital (15) 53,250 + 1,393 + 9,090 49,379

Total factors, other than reserve balances,
absorbing reserve funds 4,222,264 + 4,474 +1,644,933 4,198,331

Reserve balances with Federal Reserve Banks 3,378,907 + 119,988 +1,724,789 3,407,871

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, and credit protection in the
Money Market Mutual Fund Liquidity Facility of $1.5 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 Feb 17, 2021
Feb 17, 2021 Feb 10, 2021 Feb 19, 2020

Securities held in custody for foreign official and
international accounts 3,549,734 + 14,051 + 87,227 3,546,739
Marketable U.S. Treasury securities (1) 3,099,882 + 11,807 + 102,453 3,097,157
Federal agency debt and mortgage-backed securities (2) 360,349 + 1,410 - 22,441 359,792
Other securities (3) 89,503 + 834 + 7,214 89,791
Securities lent to dealers 26,815 - 1,574 + 1,046 29,233
Overnight facility (4) 26,815 - 1,574 + 1,046 29,233
U.S. Treasury securities 26,815 - 1,574 + 1,046 29,233
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, February 17, 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) 1,729 2,019 0 50,260 11 ... 54,019
U.S. Treasury securities (2)
Holdings 100,436 326,865 634,962 1,821,988 851,747 1,088,059 4,824,057
Weekly changes + 1,107 + 19,806 - 2,796 - 4,104 + 6,089 + 5,055 + 25,156
Federal agency debt securities (3)
Holdings 0 0 0 0 1,818 529 2,347
Weekly changes 0 0 0 0 0 0 0
Mortgage-backed securities (4)
Holdings 0 0 6 2,109 72,007 2,096,440 2,170,562
Weekly changes 0 0 0 - 3 - 515 + 101,290 + 100,772
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 16,548 ... ... 16,548
Municipal notes held by Municipal
Liquidity Facility LLC (7) 0 0 845 5,358 ... ... 6,203
Loans held by TALF II LLC (8) 0 0 0 2,593 ... ... 2,593
Repurchase agreements (9) 500 0 ... ... ... ... 500
Central bank liquidity swaps (10) 4,816 3,349 0 0 0 0 8,165
Reverse repurchase agreements (9) 201,719 0 ... ... ... ... 201,719
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, Money Market Mutual Fund Liquidity 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
Feb 17, 2021

Mortgage-backed securities held outright (1) 2,170,562
Residential mortgage-backed securities 2,160,666
Commercial mortgage-backed securities 9,896

Commitments to buy mortgage-backed securities (2) 161,471
Commitments to sell mortgage-backed securities (2) 0

Cash and cash equivalents (3) 281

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 Feb 17, 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 8,556 8,556
Corporate Credit Facilities LLC 14,018 14,115 12,125 26,240
MS Facilities LLC (Main Street Lending Program) 16,524 16,453 16,812 33,265
Municipal Liquidity Facility LLC 6,203 6,203 5,335 11,538
TALF II LLC 3,382 2,593 3,812 6,405

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, net of an
allowance for loan losses updated as of
September 30, 2020, at face value.
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 Feb 17, 2021 Wednesday Wednesday
consolidation Feb 10, 2021 Feb 19, 2020

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,562 - 3 - 212
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 7,394,483 + 130,548 +3,280,391
Securities held outright (1) 6,996,966 + 125,928 +3,157,147
U.S. Treasury securities 4,824,057 + 25,156 +2,372,369
Bills (2) 326,044 0 + 60,505
Notes and bonds, nominal (2) 4,134,243 + 25,071 +2,104,565
Notes and bonds, inflation-indexed (2) 320,422 0 + 189,370
Inflation compensation (3) 43,348 + 85 + 17,929
Federal agency debt securities (2) 2,347 0 0
Mortgage-backed securities (4) 2,170,562 + 100,772 + 784,778
Unamortized premiums on securities held outright
(5) 349,725 + 3,514 + 225,859
Unamortized discounts on securities held outright
(5) -6,728 - 236 + 6,771
Repurchase agreements (6) 500 - 300 - 163,400
Loans (7) 54,019 + 1,641 + 54,014
Net portfolio holdings of Commercial Paper
Funding Facility II LLC (8) 8,556 - 2 + 8,556
Net portfolio holdings of Corporate Credit
Facilities LLC (8) 26,240 - 34 + 26,240
Net portfolio holdings of MS Facilities LLC (Main
Street Lending Program) (8) 33,265 - 56 + 33,265
Net portfolio holdings of Municipal Liquidity
Facility LLC (8) 11,538 + 2 + 11,538
Net portfolio holdings of TALF II LLC (8) 6,405 0 + 6,405
Items in process of collection (0) 69 - 34 - 2
Bank premises 2,044 - 166 - 155
Central bank liquidity swaps (9) 8,165 - 298 + 8,098
Foreign currency denominated assets (10) 21,847 - 196 + 1,735
Other assets (11) 26,992 - 14,584 + 9,974

Total assets (0) 7,557,402 + 115,177 +3,385,832

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 Feb 17, 2021 Wednesday Wednesday
consolidation Feb 10, 2021 Feb 19, 2020

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 2,053,339 + 1,564 + 301,749
Reverse repurchase agreements (12) 201,719 - 10,312 - 25,245
Deposits (0) 5,201,005 + 127,254 +3,051,801
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 3,407,871 + 109,232 +1,748,850
U.S. Treasury, General Account 1,568,893 - 7,851 +1,147,842
Foreign official 23,052 + 931 + 17,865
Other (13) (0) 201,188 + 24,940 + 137,243
Deferred availability cash items (0) 181 + 10 - 6
Treasury contributions to credit facilities (14) 51,778 0 + 51,778
Other liabilities and accrued dividends (15) 10,182 - 3,354 + 5,103

Total liabilities (0) 7,518,205 + 115,162 +3,385,180

Capital accounts
Capital paid in 32,412 + 16 + 692
Surplus 6,785 0 - 40
Other capital accounts 0 0 0

Total capital 39,197 + 16 + 652

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, and credit protection in the
Money Market Mutual Fund Liquidity Facility of $1.5 billion.
15. Includes the liability for earnings remittances due to the U.S. Treasury.

6. Statement of Condition of Each Federal Reserve Bank, February 17, 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 16,237 533 5,483 529 761 1,165 2,183 1,137 479 270 450 1,202 2,045
Coin 1,562 34 42 130 74 211 153 259 32 44 105 184 294
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans (1) 7,394,483 168,412 3,810,441 172,521 231,232 462,993 542,826 411,414 117,324 77,703 120,643 355,398 923,576
Net portfolio holdings of Commercial
Paper Funding Facility II LLC (2) 8,556 0 8,556 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Corporate
Credit Facilities LLC (2) 26,240 0 26,240 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of MS
Facilities LLC (Main Street Lending
Program) (2) 33,265 33,265 0 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Municipal
Liquidity Facility LLC (2) 11,538 0 11,538 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of TALF II LLC (2) 6,405 0 6,405 0 0 0 0 0 0 0 0 0 0
Central bank liquidity swaps (3) 8,165 388 2,744 294 698 1,723 405 317 134 64 86 97 1,216
Foreign currency denominated
assets (4) 21,847 1,037 7,344 786 1,867 4,610 1,083 848 358 171 230 259 3,252
Other assets (5) 29,105 2,232 12,267 745 981 2,123 2,215 1,646 617 403 785 1,581 3,509
Interdistrict settlement account 0 - 41,498 + 359,597 + 14,266 + 62,199 - 1,325 - 133,077 - 2,867 - 17,146 - 14,860 - 20,516 - 47,946 - 156,828

Total assets 7,557,402 164,403 4,250,657 189,271 297,811 471,501 415,788 412,754 101,797 63,796 101,783 310,776 777,066

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, February 17, 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 2,053,339 61,644 672,868 55,600 95,219 155,405 283,063 132,632 58,976 33,453 54,367 176,742 273,369
Reverse repurchase agreements (6) 201,719 4,530 104,442 4,602 6,311 12,643 14,866 11,267 3,187 1,906 3,208 9,722 25,036
Deposits 5,201,005 77,764 3,422,580 127,328 192,512 294,428 115,200 266,617 38,623 27,754 43,490 123,034 471,676
Depository institutions 3,407,871 77,747 1,779,731 127,326 192,469 293,812 115,111 122,331 38,617 27,673 42,858 118,547 471,649
U.S. Treasury, General Account 1,568,893 0 1,568,893 0 0 0 0 0 0 0 0 0 0
Foreign official 23,052 2 23,026 1 3 8 2 2 1 0 0 0 6
Other (7) 201,188 15 50,930 0 39 607 86 144,284 5 81 632 4,487 21
Earnings remittances due to the U.S.
Treasury (8) 1,784 30 991 35 43 77 136 100 26 14 19 94 218
Treasury contributions to credit
facilities (9) 51,778 18,072 33,706 0 0 0 0 0 0 0 0 0 0
Other liabilities and accrued
dividends 8,579 585 2,907 298 340 802 748 603 240 323 272 465 996

Total liabilities 7,518,205 162,625 4,237,493 187,864 294,425 463,355 414,013 411,219 101,052 63,451 101,356 310,058 771,295

Capital
Capital paid in 32,412 1,470 10,883 1,163 2,800 6,734 1,468 1,269 616 287 354 596 4,771
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 7,557,402 164,403 4,250,657 189,271 297,811 471,501 415,788 412,754 101,797 63,796 101,783 310,776 777,066

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, February 17, 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, Money Market Mutual Fund Liquidity 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, and credit protection in the Money Market Mutual Fund Liquidity Facility of $1.5 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
Feb 17, 2021

Federal Reserve notes outstanding 2,215,334
Less: Notes held by F.R. Banks not subject to collateralization 161,995
Federal Reserve notes to be collateralized 2,053,339
Collateral held against Federal Reserve notes 2,053,339
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 2,037,102
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 6,997,466
Less: Face value of securities under reverse repurchase agreements 194,269
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 6,803,198

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