FRB: H.4.1 Release--Factors Affecting Reserve Balances-- April 15, 2021

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks April 15, 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 Apr 14, 2021
Federal Reserve Banks Apr 14, 2021 Apr 7, 2021 Apr 15, 2020

Reserve Bank credit 7,692,317 + 35,351 +1,496,297 7,753,650
Securities held outright (1) 7,165,867 + 30,612 +1,970,328 7,224,865
U.S. Treasury securities 4,969,645 + 21,421 +1,252,231 4,973,499
Bills (2) 326,044 0 0 326,044
Notes and bonds, nominal (2) 4,259,702 + 18,670 +1,119,115 4,262,999
Notes and bonds, inflation-indexed (2) 336,815 + 2,058 + 119,571 337,158
Inflation compensation (3) 47,084 + 693 + 13,545 47,298
Federal agency debt securities (2) 2,347 0 0 2,347
Mortgage-backed securities (4) 2,193,875 + 9,191 + 718,097 2,249,019
Unamortized premiums on securities held outright (5) 351,262 + 362 + 100,934 351,737
Unamortized discounts on securities held outright (5) -9,895 - 386 - 2,772 -10,419
Repurchase agreements (6) 0 0 - 201,596 0
Foreign official 0 0 - 1 0
Others 0 0 - 201,596 0
Loans 64,004 + 2,037 - 64,600 65,102
Primary credit 708 - 53 - 40,326 743
Secondary credit 0 0 0 0
Seasonal credit 0 0 0 0
Primary Dealer Credit Facility 25 0 - 35,565 25
Money Market Mutual Fund Liquidity Facility 0 - 171 - 51,944 0
Paycheck Protection Program Liquidity Facility 63,272 + 2,263 + 63,272 64,334
Other credit extensions 0 0 0 0
Net portfolio holdings of Commercial Paper Funding
Facility II LLC (7) 8,556 0 + 8,415 8,556
Net portfolio holdings of Corporate Credit Facilities
LLC (7) 25,940 - 80 + 25,940 25,959
Net portfolio holdings of MS Facilities LLC (Main
Street Lending Program) (7) 30,963 + 9 + 30,963 30,970
Net portfolio holdings of Municipal Liquidity
Facility LLC (7) 11,414 - 121 + 11,414 11,416
Net portfolio holdings of TALF II LLC (7) 5,283 + 1 + 5,283 5,283
Float -234 - 127 + 32 -218
Central bank liquidity swaps (8) 795 - 73 - 392,268 795
Other Federal Reserve assets (9) 38,362 + 3,118 + 4,225 39,605
Foreign currency denominated assets (10) 21,417 + 126 + 902 21,515
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (11) 50,616 + 14 + 426 50,616

Total factors supplying reserve funds 7,780,591 + 35,491 +1,497,624 7,842,022

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 Apr 14, 2021
Federal Reserve Banks Apr 14, 2021 Apr 7, 2021 Apr 15, 2020

Currency in circulation (11) 2,153,198 + 6,227 + 268,311 2,156,376
Reverse repurchase agreements (12) 265,990 + 26,470 - 18,474 281,853
Foreign official and international accounts 231,696 + 5,853 - 46,875 230,997
Others 34,294 + 20,617 + 28,401 50,856
Treasury cash holdings 78 - 10 - 229 68
Deposits with F.R. Banks, other than reserve balances 1,280,249 - 45,608 + 145,844 1,363,048
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 925,094 - 85,009 + 35,279 921,685
Foreign official 32,017 - 291 + 15,665 31,075
Other (13) 323,138 + 39,692 + 94,901 410,288
Treasury contributions to credit facilities (14) 51,136 - 642 + 51,136 50,278
Other liabilities and capital (15) 52,127 + 4,190 - 7,735 53,946

Total factors, other than reserve balances,
absorbing reserve funds 3,802,778 - 9,373 + 438,853 3,905,568

Reserve balances with Federal Reserve Banks 3,977,813 + 44,864 +1,058,772 3,936,454

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 Apr 14, 2021
Apr 14, 2021 Apr 7, 2021 Apr 15, 2020

Securities held in custody for foreign official and
international accounts 3,553,999 + 5,064 + 235,831 3,562,016
Marketable U.S. Treasury securities (1) 3,118,674 + 3,774 + 271,617 3,117,927
Federal agency debt and mortgage-backed securities (2) 347,857 + 1,443 - 40,353 356,764
Other securities (3) 87,467 - 154 + 4,567 87,325
Securities lent to dealers 42,850 + 2,402 + 8,254 48,392
Overnight facility (4) 42,850 + 2,402 + 8,254 48,392
U.S. Treasury securities 42,850 + 2,402 + 8,254 48,392
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, April 14, 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) 122 646 3,407 60,927 0 ... 65,102
U.S. Treasury securities (2)
Holdings 71,695 353,207 625,391 1,892,626 894,208 1,136,372 4,973,499
Weekly changes - 3,407 + 2,826 + 619 + 3,942 + 5,022 + 5,464 + 14,466
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 12 1,954 69,053 2,178,001 2,249,019
Weekly changes 0 0 0 0 0 + 64,336 + 64,335
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 16,436 ... ... 16,436
Municipal notes held by Municipal
Liquidity Facility LLC (7) 0 400 0 5,358 ... ... 5,758
Loans held by TALF II LLC (8) 0 0 0 1,872 ... ... 1,872
Repurchase agreements (9) 0 0 ... ... ... ... 0
Central bank liquidity swaps (10) 271 524 0 0 0 0 795
Reverse repurchase agreements (9) 281,853 0 ... ... ... ... 281,853
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
Apr 14, 2021

Mortgage-backed securities held outright (1) 2,249,019
Residential mortgage-backed securities 2,239,076
Commercial mortgage-backed securities 9,943

Commitments to buy mortgage-backed securities (2) 161,970
Commitments to sell mortgage-backed securities (2) 0

Cash and cash equivalents (3) 0

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

4. Information on Principal Accounts of Credit Facilities LLCs
Millions of dollars
Credit Facilities LLCs: Wednesday Apr 14, 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 13,825 13,768 12,191 25,959
MS Facilities LLC (Main Street Lending Program) 16,488 14,023 16,948 30,970
Municipal Liquidity Facility LLC 6,058 5,758 5,658 11,416
TALF II LLC 2,256 1,872 3,411 5,283

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
December 31, 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 Apr 14, 2021 Wednesday Wednesday
consolidation Apr 7, 2021 Apr 15, 2020

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,428 - 30 - 228
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 7,631,285 + 80,857 +1,715,022
Securities held outright (1) 7,224,865 + 78,801 +1,865,489
U.S. Treasury securities 4,973,499 + 14,466 +1,184,641
Bills (2) 326,044 0 0
Notes and bonds, nominal (2) 4,262,999 + 11,337 +1,056,855
Notes and bonds, inflation-indexed (2) 337,158 + 2,401 + 114,466
Inflation compensation (3) 47,298 + 728 + 13,320
Federal agency debt securities (2) 2,347 0 0
Mortgage-backed securities (4) 2,249,019 + 64,335 + 680,848
Unamortized premiums on securities held outright
(5) 351,737 + 627 + 89,403
Unamortized discounts on securities held outright
(5) -10,419 - 859 - 3,523
Repurchase agreements (6) 0 0 - 181,100
Loans (7) 65,102 + 2,288 - 55,247
Net portfolio holdings of Commercial Paper
Funding Facility II LLC (8) 8,556 0 + 7,582
Net portfolio holdings of Corporate Credit
Facilities LLC (8) 25,959 + 22 + 25,959
Net portfolio holdings of MS Facilities LLC (Main
Street Lending Program) (8) 30,970 + 8 + 30,970
Net portfolio holdings of Municipal Liquidity
Facility LLC (8) 11,416 + 3 + 11,416
Net portfolio holdings of TALF II LLC (8) 5,283 0 + 5,283
Items in process of collection (0) 55 + 11 + 20
Bank premises 1,916 + 3 - 287
Central bank liquidity swaps (9) 795 - 73 - 377,496
Foreign currency denominated assets (10) 21,515 + 148 + 990
Other assets (11) 37,688 + 3,271 + 5,985

Total assets (0) 7,793,104 + 84,222 +1,425,217

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 Apr 14, 2021 Wednesday Wednesday
consolidation Apr 7, 2021 Apr 15, 2020

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 2,107,251 + 6,057 + 267,952
Reverse repurchase agreements (12) 281,853 + 9,780 + 2,269
Deposits (0) 5,299,502 + 65,487 +1,125,650
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 3,936,454 - 7,601 + 866,580
U.S. Treasury, General Account 921,685 - 33,283 + 65,530
Foreign official 31,075 - 1,174 + 14,728
Other (13) (0) 410,288 + 107,544 + 178,813
Deferred availability cash items (0) 274 + 123 - 122
Treasury contributions to credit facilities (14) 50,278 - 1,500 + 50,278
Other liabilities and accrued dividends (15) 14,678 + 4,274 - 21,246

Total liabilities (0) 7,753,836 + 84,220 +1,424,781

Capital accounts
Capital paid in 32,482 0 + 475
Surplus 6,785 0 - 40
Other capital accounts 0 0 0

Total capital 39,267 0 + 435

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, April 14, 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 1,428 29 37 116 69 198 127 247 23 44 100 159 281
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans (1) 7,631,285 170,201 3,928,456 176,745 240,745 477,342 559,476 423,698 120,901 84,930 124,735 366,151 957,906
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) 25,959 0 25,959 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of MS
Facilities LLC (Main Street Lending
Program) (2) 30,970 30,970 0 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Municipal
Liquidity Facility LLC (2) 11,416 0 11,416 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of TALF II LLC (2) 5,283 0 5,283 0 0 0 0 0 0 0 0 0 0
Central bank liquidity swaps (3) 795 36 267 29 69 165 36 31 15 7 9 14 117
Foreign currency denominated
assets (4) 21,515 977 7,232 773 1,860 4,477 973 843 409 183 233 388 3,168
Other assets (5) 39,660 955 19,205 993 1,309 2,834 2,982 2,238 755 553 943 2,067 4,826
Interdistrict settlement account 0 - 42,847 + 110,681 + 16,719 + 80,343 + 33,602 - 101,754 + 41,151 - 8,689 - 14,444 - 11,739 - 11,592 - 91,429

Total assets 7,793,104 160,853 4,122,574 195,903 325,156 519,783 464,022 469,345 113,893 71,542 114,729 358,390 876,914

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, April 14, 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 2,107,251 62,728 683,762 57,186 104,333 157,900 293,667 130,920 59,489 33,173 54,976 184,986 284,133
Reverse repurchase agreements (6) 281,853 6,329 145,931 6,430 8,818 17,665 20,772 15,743 4,453 2,664 4,482 13,584 34,981
Deposits 5,299,502 75,172 3,235,961 130,507 208,167 335,041 146,862 320,376 48,915 34,873 54,512 158,493 550,623
Depository institutions 3,936,454 75,159 2,035,893 130,505 208,127 334,362 146,819 161,425 48,899 34,639 53,709 156,321 550,596
U.S. Treasury, General Account 921,685 0 921,685 0 0 0 0 0 0 0 0 0 0
Foreign official 31,075 2 31,048 1 3 8 2 2 1 0 0 1 6
Other (7) 410,288 11 247,335 0 37 670 41 158,950 16 234 802 2,171 21
Earnings remittances due to the U.S.
Treasury (8) 2,821 62 1,468 64 93 192 207 149 32 24 42 132 355
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 12,131 -1,788 8,573 309 356 838 731 620 258 459 285 476 1,014

Total liabilities 7,753,836 159,075 4,109,402 194,495 321,768 511,636 462,238 467,809 113,148 71,193 114,296 357,670 871,106

Capital
Capital paid in 32,482 1,470 10,892 1,164 2,801 6,735 1,477 1,270 616 291 360 597 4,809
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 7,793,104 160,853 4,122,574 195,903 325,156 519,783 464,022 469,345 113,893 71,542 114,729 358,390 876,914

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, April 14, 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
Apr 14, 2021

Federal Reserve notes outstanding 2,263,062
Less: Notes held by F.R. Banks not subject to collateralization 155,811
Federal Reserve notes to be collateralized 2,107,251
Collateral held against Federal Reserve notes 2,107,251
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 2,091,014
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 7,224,865
Less: Face value of securities under reverse repurchase agreements 269,859
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 6,955,006

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