FRB: H.4.1 Release--Factors Affecting Reserve Balances-- April 29, 2021

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks April 29, 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 28, 2021
Federal Reserve Banks Apr 28, 2021 Apr 21, 2021 Apr 29, 2020

Reserve Bank credit 7,769,787 + 7,966 +1,172,132 7,740,777
Securities held outright (1) 7,235,791 + 3,462 +1,673,293 7,208,414
U.S. Treasury securities 5,010,258 + 18,868 +1,065,241 5,014,762
Bills (2) 326,044 0 0 326,044
Notes and bonds, nominal (2) 4,305,591 + 16,536 + 961,387 4,308,411
Notes and bonds, inflation-indexed (2) 331,244 + 1,714 + 92,125 332,616
Inflation compensation (3) 47,378 + 617 + 11,727 47,691
Federal agency debt securities (2) 2,347 0 0 2,347
Mortgage-backed securities (4) 2,223,186 - 15,406 + 608,052 2,191,305
Unamortized premiums on securities held outright (5) 350,565 - 877 + 69,297 349,308
Unamortized discounts on securities held outright (5) -11,478 - 365 - 5,671 -11,804
Repurchase agreements (6) 0 0 - 163,558 0
Foreign official 0 0 0 0
Others 0 0 - 163,557 0
Loans 71,774 + 4,768 - 49,610 73,124
Primary credit 1,058 + 189 - 30,201 731
Secondary credit 0 0 0 0
Seasonal credit 0 0 0 0
Primary Dealer Credit Facility 0 - 4 - 28,618 0
Money Market Mutual Fund Liquidity Facility 0 0 - 47,504 0
Paycheck Protection Program Liquidity Facility 70,716 + 4,582 + 56,713 72,394
Other credit extensions 0 0 0 0
Net portfolio holdings of Commercial Paper Funding
Facility II LLC (7) 8,556 0 + 5,635 8,556
Net portfolio holdings of Corporate Credit Facilities
LLC (7) 25,974 + 13 + 25,974 25,970
Net portfolio holdings of MS Facilities LLC (Main
Street Lending Program) (7) 30,892 + 5 + 30,892 30,895
Net portfolio holdings of Municipal Liquidity
Facility LLC (7) 11,333 - 83 + 11,333 11,121
Net portfolio holdings of TALF II LLC (7) 5,283 0 + 5,283 5,284
Float -214 - 120 + 153 -833
Central bank liquidity swaps (8) 703 + 30 - 433,550 703
Other Federal Reserve assets (9) 40,609 + 1,135 + 2,662 40,039
Foreign currency denominated assets (10) 21,673 + 93 + 1,233 21,656
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 + 415 50,616

Total factors supplying reserve funds 7,858,317 + 8,073 +1,173,780 7,829,290

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 28, 2021
Federal Reserve Banks Apr 28, 2021 Apr 21, 2021 Apr 29, 2020

Currency in circulation (11) 2,161,144 + 2,920 + 257,785 2,163,465
Reverse repurchase agreements (12) 327,035 + 50,625 + 55,728 382,891
Foreign official and international accounts 222,200 - 4,021 - 44,678 216,159
Others 104,835 + 54,646 + 100,405 166,732
Treasury cash holdings 59 - 8 - 239 47
Deposits with F.R. Banks, other than reserve balances 1,440,480 - 47,711 + 153,956 1,295,205
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 967,689 - 48,213 - 29,818 932,287
Foreign official 29,071 - 2,175 + 12,754 29,092
Other (13) 443,720 + 2,677 + 171,021 333,827
Treasury contributions to credit facilities (14) 50,278 0 + 50,278 50,278
Other liabilities and capital (15) 50,051 - 1,569 - 13,857 48,385

Total factors, other than reserve balances,
absorbing reserve funds 4,029,048 + 4,259 + 503,653 3,940,272

Reserve balances with Federal Reserve Banks 3,829,269 + 3,814 + 670,127 3,889,018

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 28, 2021
Apr 28, 2021 Apr 21, 2021 Apr 29, 2020

Securities held in custody for foreign official and
international accounts 3,546,598 - 13,168 + 209,249 3,545,218
Marketable U.S. Treasury securities (1) 3,100,435 - 16,988 + 230,727 3,101,351
Federal agency debt and mortgage-backed securities (2) 357,455 + 2,880 - 25,096 355,200
Other securities (3) 88,709 + 942 + 3,619 88,667
Securities lent to dealers 36,698 + 3,519 + 2,340 36,801
Overnight facility (4) 36,698 + 3,519 + 2,340 36,801
U.S. Treasury securities 36,698 + 3,519 + 2,340 36,801
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 28, 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) 104 626 10,586 61,805 3 ... 73,124
U.S. Treasury securities (2)
Holdings 100,168 327,552 628,477 1,902,633 906,047 1,149,886 5,014,762
Weekly changes - 4,525 + 1,357 + 3,208 + 3,603 + 5,350 + 5,463 + 14,456
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 10 1,853 66,798 2,122,644 2,191,305
Weekly changes 0 0 - 2 - 94 - 1,537 - 54,051 - 55,684
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 16,366 ... ... 16,366
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 1,833 ... ... 1,833
Repurchase agreements (9) 0 0 ... ... ... ... 0
Central bank liquidity swaps (10) 164 539 0 0 0 0 703
Reverse repurchase agreements (9) 382,891 0 ... ... ... ... 382,891
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 28, 2021

Mortgage-backed securities held outright (1) 2,191,305
Residential mortgage-backed securities 2,181,429
Commercial mortgage-backed securities 9,876

Commitments to buy mortgage-backed securities (2) 187,356
Commitments to sell mortgage-backed securities (2) 0

Cash and cash equivalents (3) 65

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 28, 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 13,765 12,205 25,970
MS Facilities LLC (Main Street Lending Program) 16,404 13,952 16,943 30,895
Municipal Liquidity Facility LLC 5,758 5,758 5,363 11,121
TALF II LLC 2,256 1,833 3,451 5,284

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 28, 2021 Wednesday Wednesday
consolidation Apr 21, 2021 Apr 29, 2020

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,384 - 15 - 214
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 7,619,042 - 39,903 +1,481,796
Securities held outright (1) 7,208,414 - 41,228 +1,629,928
U.S. Treasury securities 5,014,762 + 14,456 +1,043,343
Bills (2) 326,044 0 0
Notes and bonds, nominal (2) 4,308,411 + 11,337 + 941,364
Notes and bonds, inflation-indexed (2) 332,616 + 2,401 + 90,326
Inflation compensation (3) 47,691 + 718 + 11,653
Federal agency debt securities (2) 2,347 0 0
Mortgage-backed securities (4) 2,191,305 - 55,684 + 586,585
Unamortized premiums on securities held outright
(5) 349,308 - 1,966 + 66,068
Unamortized discounts on securities held outright
(5) -11,804 - 537 - 6,093
Repurchase agreements (6) 0 0 - 158,202
Loans (7) 73,124 + 3,828 - 49,904
Net portfolio holdings of Commercial Paper
Funding Facility II LLC (8) 8,556 0 + 5,184
Net portfolio holdings of Corporate Credit
Facilities LLC (8) 25,970 - 5 + 25,970
Net portfolio holdings of MS Facilities LLC (Main
Street Lending Program) (8) 30,895 + 3 + 30,895
Net portfolio holdings of Municipal Liquidity
Facility LLC (8) 11,121 - 297 + 11,121
Net portfolio holdings of TALF II LLC (8) 5,284 + 1 + 5,284
Items in process of collection (0) 75 + 12 + 34
Bank premises 1,925 + 7 - 283
Central bank liquidity swaps (9) 703 + 30 - 438,250
Foreign currency denominated assets (10) 21,656 + 12 + 1,131
Other assets (11) 38,115 + 170 + 2,366

Total assets (0) 7,780,962 - 39,986 +1,125,033

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 28, 2021 Wednesday Wednesday
consolidation Apr 21, 2021 Apr 29, 2020

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 2,114,276 + 3,098 + 252,145
Reverse repurchase agreements (12) 382,891 + 80,101 + 113,785
Deposits (0) 5,184,223 - 121,552 + 724,085
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 3,889,018 + 121,564 + 725,505
U.S. Treasury, General Account 932,287 - 71,156 - 143,945
Foreign official 29,092 - 772 + 12,769
Other (13) (0) 333,827 - 171,186 + 129,757
Deferred availability cash items (0) 908 + 745 - 530
Treasury contributions to credit facilities (14) 50,278 0 + 50,278
Other liabilities and accrued dividends (15) 9,116 - 2,379 - 15,163

Total liabilities (0) 7,741,693 - 39,986 +1,124,602

Capital accounts
Capital paid in 32,484 0 + 471
Surplus 6,785 0 - 40
Other capital accounts 0 0 0

Total capital 39,269 0 + 431

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 28, 2021
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San
City Francisco

Assets
Gold certificates and special drawing
rights certificates 16,237 531 5,422 523 752 1,187 2,188 1,136 475 273 455 1,220 2,075
Coin 1,384 25 34 110 70 193 127 237 26 41 95 157 271
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans (1) 7,619,042 126,507 4,277,640 163,606 280,438 508,438 443,998 412,905 99,701 75,228 104,437 335,103 791,039
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) 25,970 0 25,970 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of MS
Facilities LLC (Main Street Lending
Program) (2) 30,895 30,895 0 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Municipal
Liquidity Facility LLC (2) 11,121 0 11,121 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of TALF II LLC (2) 5,284 0 5,284 0 0 0 0 0 0 0 0 0 0
Central bank liquidity swaps (3) 703 32 236 25 61 146 32 28 13 6 8 13 103
Foreign currency denominated
assets (4) 21,656 983 7,279 778 1,872 4,507 979 849 412 184 234 390 3,189
Other assets (5) 40,115 756 21,155 942 1,509 2,966 2,487 2,220 661 474 856 2,005 4,082
Interdistrict settlement account 0 + 23,974 - 224,994 + 28,259 + 20,251 - 1,660 + 8,154 + 62,388 + 9,975 - 6,316 + 7,712 + 17,126 + 55,132

Total assets 7,780,962 183,703 4,137,702 194,243 304,953 515,776 457,965 479,763 111,263 69,890 113,797 356,014 855,892

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 28, 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 2,114,276 63,404 688,021 59,239 104,715 156,722 295,189 129,450 58,508 33,084 54,614 186,257 285,076
Reverse repurchase agreements (6) 382,891 6,398 216,431 8,087 13,932 25,657 22,434 20,894 4,992 2,963 5,084 16,932 39,086
Deposits 5,184,223 97,389 3,179,645 125,242 182,586 324,461 137,992 327,350 46,814 32,426 53,422 151,719 525,178
Depository institutions 3,889,018 97,378 2,054,351 125,240 182,124 323,757 137,858 161,010 46,808 32,207 52,095 151,038 525,151
U.S. Treasury, General Account 932,287 0 932,287 0 0 0 0 0 0 0 0 0 0
Foreign official 29,092 2 29,065 1 3 8 2 2 1 0 0 1 6
Other (7) 333,827 10 163,942 0 458 696 131 166,339 6 218 1,327 680 21
Earnings remittances due to the U.S.
Treasury (8) 694 5 419 12 24 45 42 32 6 1 7 30 71
Treasury contributions to credit
facilities (9) 50,278 16,572 33,706 0 0 0 0 0 0 0 0 0 0
Other liabilities and accrued
dividends 9,329 -1,844 6,308 256 309 744 525 501 197 1,068 235 357 674

Total liabilities 7,741,693 181,925 4,124,530 192,836 301,565 507,629 456,181 478,226 110,518 69,542 113,363 355,295 850,084

Capital
Capital paid in 32,484 1,470 10,892 1,164 2,801 6,735 1,477 1,270 617 291 361 597 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 7,780,962 183,703 4,137,702 194,243 304,953 515,776 457,965 479,763 111,263 69,890 113,797 356,014 855,892

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 28, 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 28, 2021

Federal Reserve notes outstanding 2,277,131
Less: Notes held by F.R. Banks not subject to collateralization 162,855
Federal Reserve notes to be collateralized 2,114,276
Collateral held against Federal Reserve notes 2,114,276
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 2,098,040
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 7,208,414
Less: Face value of securities under reverse repurchase agreements 363,756
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 6,844,658

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