FRB: H.4.1 Release--Factors Affecting Reserve Balances-- August 12, 2021

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks August 12, 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 Aug 11, 2021
Federal Reserve Banks Aug 11, 2021 Aug 4, 2021 Aug 12, 2020

Reserve Bank credit 8,204,942 + 16,278 +1,293,823 8,218,316
Securities held outright (1) 7,676,796 + 19,599 +1,426,116 7,690,627
U.S. Treasury securities 5,289,664 + 19,600 + 974,867 5,303,495
Bills (2) 326,044 0 0 326,044
Notes and bonds, nominal (2) 4,555,122 + 17,775 + 876,172 4,568,639
Notes and bonds, inflation-indexed (2) 350,142 + 857 + 76,493 350,142
Inflation compensation (3) 58,356 + 968 + 22,202 58,670
Federal agency debt securities (2) 2,347 0 0 2,347
Mortgage-backed securities (4) 2,384,785 0 + 451,249 2,384,785
Unamortized premiums on securities held outright (5) 353,012 + 354 + 30,480 353,035
Unamortized discounts on securities held outright (5) -14,798 - 123 - 9,886 -14,803
Repurchase agreements (6) 0 0 0 0
Foreign official 0 0 0 0
Others 0 0 0 0
Loans 83,342 - 1,289 - 117 82,500
Primary credit 272 - 65 - 2,421 289
Secondary credit 0 - 1 0 0
Seasonal credit 17 + 3 - 22 17
Primary Dealer Credit Facility 0 0 - 794 0
Money Market Mutual Fund Liquidity Facility 0 0 - 11,758 0
Paycheck Protection Program Liquidity Facility 83,053 - 1,226 + 14,942 82,194
Other credit extensions 0 0 0 0
Net portfolio holdings of Commercial Paper Funding
Facility II LLC (7) 0 0 - 8,632 0
Net portfolio holdings of Corporate Credit Facilities
LLC (7) 17,912 - 4,745 - 26,491 17,114
Net portfolio holdings of MS Facilities LLC (Main
Street Lending Program) (7) 30,568 + 23 - 7,052 30,575
Net portfolio holdings of Municipal Liquidity
Facility LLC (7) 9,763 + 1 - 6,324 9,764
Net portfolio holdings of TALF II LLC (7) 4,513 - 25 - 5,610 4,513
Float -107 + 217 + 83 -155
Central bank liquidity swaps (8) 484 + 6 - 99,298 492
Other Federal Reserve assets (9) 43,457 + 2,260 + 554 44,653
Foreign currency denominated assets (10) 21,168 - 193 - 403 21,124
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (11) 50,796 + 14 + 497 50,796

Total factors supplying reserve funds 8,293,147 + 16,099 +1,293,917 8,306,477

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 Aug 11, 2021
Federal Reserve Banks Aug 11, 2021 Aug 4, 2021 Aug 12, 2020

Currency in circulation (11) 2,188,619 + 1,485 + 185,600 2,189,318
Reverse repurchase agreements (12) 1,242,742 - 17,352 +1,025,343 1,267,998
Foreign official and international accounts 273,940 - 5,014 + 56,557 267,538
Others 968,802 - 12,338 + 968,786 1,000,460
Treasury cash holdings 46 - 2 0 47
Deposits with F.R. Banks, other than reserve balances 679,299 - 54,813 -1,146,146 631,530
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 434,919 - 57,749 -1,234,814 389,747
Foreign official 7,921 + 1,810 - 8,301 7,631
Other (13) 236,459 + 1,126 + 96,969 234,151
Treasury contributions to credit facilities (14) 40,278 0 - 73,722 40,278
Other liabilities and capital (15) 51,655 + 1,851 + 1,296 50,016

Total factors, other than reserve balances,
absorbing reserve funds 4,202,640 - 68,830 - 7,628 4,179,187

Reserve balances with Federal Reserve Banks 4,090,506 + 84,928 +1,301,545 4,127,290

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.
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 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 Aug 11, 2021
Aug 11, 2021 Aug 4, 2021 Aug 12, 2020

Securities held in custody for foreign official and
international accounts 3,496,272 - 11,533 + 88,486 3,498,083
Marketable U.S. Treasury securities (1) 3,061,645 - 11,860 + 99,094 3,063,652
Federal agency debt and mortgage-backed securities (2) 342,323 - 1,696 - 16,944 342,037
Other securities (3) 92,305 + 2,023 + 6,337 92,394
Securities lent to dealers 30,363 + 1,688 + 3,571 26,443
Overnight facility (4) 30,363 + 1,688 + 3,571 26,443
U.S. Treasury securities 30,363 + 1,688 + 3,571 26,443
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, August 11, 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) 90 216 10,275 71,919 0 ... 82,500
U.S. Treasury securities (2)
Holdings 108,976 258,414 676,691 2,052,328 967,987 1,239,097 5,303,495
Weekly changes - 3,664 + 9,339 - 5,472 + 14,059 + 7,971 + 3,625 + 25,860
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 18 1,818 64,221 2,318,728 2,384,785
Weekly changes 0 0 0 0 0 0 0
Loan participations held by MS
Facilities LLC (Main Street Lending
Program) (5) 0 0 0 16,136 ... ... 16,136
Municipal notes held by Municipal
Liquidity Facility LLC (6) 0 0 0 4,373 ... ... 4,373
Loans held by TALF II LLC (7) 0 0 0 1,470 ... ... 1,470
Repurchase agreements (8) 0 0 ... ... ... ... 0
Central bank liquidity swaps (9) 487 5 0 0 0 0 492
Reverse repurchase agreements (8) 1,267,998 0 ... ... ... ... 1,267,998
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 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 the loan participations held by the MS Facilities LLC.
6. Book value of the municipal notes held by the Municipal Liquidity Facility LLC.
7. Book value of the loans held by the TALF II LLC.
8. Cash value of agreements.
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.

3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name Wednesday
Aug 11, 2021

Mortgage-backed securities held outright (1) 2,384,785
Residential mortgage-backed securities 2,375,073
Commercial mortgage-backed securities 9,713

Commitments to buy mortgage-backed securities (2) 175,392
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 Aug 11, 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

Corporate Credit Facilities LLC 4,803 2,629 14,485 17,114
MS Facilities LLC (Main Street Lending Program) 16,097 13,591 16,984 30,575
Municipal Liquidity Facility LLC 4,373 4,373 5,391 9,764
TALF II LLC 1,482 1,470 3,043 4,513

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 Corporate Credit Facilities LLC includes exchange traded-funds and corporate bonds at
fair value. Asset balances from trading activity are
reported on a one-day lag after the transaction date.
b. For the MS Facilities LLC (Main Street Lending Program) includes loan participations at face
value, net of an allowance for loan losses
updated as of June 30, 2021.
c. 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.
d. 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: 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 Aug 11, 2021 Wednesday Wednesday
consolidation Aug 4, 2021 Aug 12, 2020

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,250 - 3 - 263
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 8,111,359 + 24,618 +1,454,205
Securities held outright (1) 7,690,627 + 25,860 +1,434,639
U.S. Treasury securities 5,303,495 + 25,860 + 983,402
Bills (2) 326,044 0 0
Notes and bonds, nominal (2) 4,568,639 + 25,005 + 886,870
Notes and bonds, inflation-indexed (2) 350,142 0 + 74,435
Inflation compensation (3) 58,670 + 855 + 22,097
Federal agency debt securities (2) 2,347 0 0
Mortgage-backed securities (4) 2,384,785 0 + 451,237
Unamortized premiums on securities held outright
(5) 353,035 + 247 + 30,073
Unamortized discounts on securities held outright
(5) -14,803 - 65 - 9,923
Repurchase agreements (6) 0 0 0
Loans (7) 82,500 - 1,425 - 584
Net portfolio holdings of Commercial Paper
Funding Facility II LLC (8) 0 0 - 8,603
Net portfolio holdings of Corporate Credit
Facilities LLC (8) 17,114 - 5,545 - 27,299
Net portfolio holdings of MS Facilities LLC (Main
Street Lending Program) (8) 30,575 + 8 - 7,159
Net portfolio holdings of Municipal Liquidity
Facility LLC (8) 9,764 + 1 - 6,324
Net portfolio holdings of TALF II LLC (8) 4,513 0 - 5,611
Items in process of collection (0) 76 - 32 + 31
Bank premises 1,665 - 12 - 532
Central bank liquidity swaps (9) 492 + 14 - 99,290
Foreign currency denominated assets (10) 21,124 - 193 - 394
Other assets (11) 42,988 + 3,228 + 1,118

Total assets (0) 8,257,159 + 22,086 +1,299,882

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 Aug 11, 2021 Wednesday Wednesday
consolidation Aug 4, 2021 Aug 12, 2020

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 2,139,815 + 698 + 182,431
Reverse repurchase agreements (12) 1,267,998 + 51,641 +1,049,652
Deposits (0) 4,758,820 - 30,045 + 140,793
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 4,127,290 + 81,397 +1,299,120
U.S. Treasury, General Account 389,747 - 116,124 -1,245,396
Foreign official 7,631 + 455 - 8,591
Other (13) (0) 234,151 + 4,226 + 95,659
Deferred availability cash items (0) 231 + 27 - 103
Treasury contributions to credit facilities (14) 40,278 0 - 73,722
Other liabilities and accrued dividends (15) 10,282 - 273 - 17

Total liabilities (0) 8,217,425 + 22,049 +1,299,034

Capital accounts
Capital paid in 32,949 + 37 + 887
Surplus 6,785 0 - 40
Other capital accounts 0 0 0

Total capital 39,734 + 37 + 847

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.
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 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, August 11, 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 1,250 18 23 115 59 180 114 234 16 31 87 147 227
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans (1) 8,111,359 134,266 4,548,703 172,843 307,894 539,360 471,136 438,834 105,479 88,435 108,351 356,027 840,032
Net portfolio holdings of Corporate
Credit Facilities LLC (2) 17,114 0 17,114 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of MS
Facilities LLC (Main Street Lending
Program) (2) 30,575 30,575 0 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Municipal
Liquidity Facility LLC (2) 9,764 0 9,764 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of TALF II LLC (2) 4,513 0 4,513 0 0 0 0 0 0 0 0 0 0
Central bank liquidity swaps (3) 492 22 165 18 43 102 22 19 9 4 5 9 72
Foreign currency denominated
assets (4) 21,124 959 7,101 758 1,826 4,396 955 828 402 180 229 381 3,111
Other assets (5) 44,729 837 23,837 1,044 1,694 3,264 2,753 2,469 742 544 910 2,079 4,556
Interdistrict settlement account 0 + 17,812 - 430,082 + 13,519 + 24,022 + 27,514 + 59,887 + 102,407 + 16,430 - 9,151 + 16,134 + 47,763 + 113,746

Total assets 8,257,159 185,020 4,186,561 188,820 336,289 576,004 537,055 545,927 123,552 80,315 126,171 407,626 963,819

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, August 11, 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 2,139,815 68,096 692,225 63,628 103,067 155,299 306,050 126,143 57,964 32,891 53,839 196,350 284,262
Reverse repurchase agreements (6) 1,267,998 21,189 716,743 26,781 46,137 84,966 74,295 69,195 16,531 9,811 16,838 56,073 129,437
Deposits 4,758,820 79,234 2,733,911 96,592 183,149 326,523 154,180 348,362 48,068 37,018 54,782 153,743 543,259
Depository institutions 4,127,290 79,222 2,285,404 96,591 183,110 325,949 154,044 167,438 48,058 36,799 53,973 153,470 543,232
U.S. Treasury, General Account 389,747 0 389,747 0 0 0 0 0 0 0 0 0 0
Foreign official 7,631 2 7,605 1 3 8 2 2 1 0 0 1 6
Other (7) 234,151 10 51,155 0 36 566 134 180,922 9 219 808 272 20
Earnings remittances due to the U.S.
Treasury (8) 2,936 32 1,770 54 98 153 173 156 36 16 29 132 285
Treasury contributions to credit
facilities (9) 40,278 16,572 23,706 0 0 0 0 0 0 0 0 0 0
Other liabilities and accrued
dividends 7,577 -1,870 4,900 265 330 893 589 530 210 354 247 389 740

Total liabilities 8,217,425 183,254 4,173,256 187,320 332,781 567,835 535,287 544,386 122,809 80,090 125,735 406,687 957,983

Capital
Capital paid in 32,949 1,457 11,025 1,256 2,922 6,756 1,461 1,275 614 167 362 816 4,837
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 8,257,159 185,020 4,186,561 188,820 336,289 576,004 537,055 545,927 123,552 80,315 126,171 407,626 963,819

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, August 11, 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.
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 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
Aug 11, 2021

Federal Reserve notes outstanding 2,360,255
Less: Notes held by F.R. Banks not subject to collateralization 220,440
Federal Reserve notes to be collateralized 2,139,815
Collateral held against Federal Reserve notes 2,139,815
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 2,123,579
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 7,690,627
Less: Face value of securities under reverse repurchase agreements 1,200,452
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 6,490,175

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