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.