FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks February 11, 2021

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Week ended

Feb 10, 2021 Feb 3, 2021 Feb 12, 2020

Wednesday

Feb 10, 2021

Reserve Bank credit 7,388,030 + 21,196 +3,253,013 7,402,209

Securities held outright1 6,858,639 + 17,726 +3,030,377 6,871,038

U.S. Treasury securities 4,786,502 + 17,718 +2,348,481 4,798,901

Bills2 326,044 0 + 70,578 326,044

Notes and bonds, nominal2 4,099,038 + 15,488 +2,072,762 4,109,172

Notes and bonds, inflation-indexed2 318,364 + 2,058 + 187,541 320,422

Inflation compensation3 43,055 + 171 + 17,599 43,263

Federal agency debt securities2 2,347 0 0 2,347

Mortgage-backed securities4 2,069,790 + 7 + 681,896 2,069,790

Unamortized premiums on securities held outright5 346,044 + 863 + 222,208 346,211

Unamortized discounts on securities held outright5 -6,422 - 177 + 6,885 -6,492

Repurchase agreements6 914 - 86 - 163,810 800

Foreign official 914 - 86 + 914 800

Others 0 0 - 164,724 0

Loans 51,771 + 929 + 51,771 52,378

Primary credit 1,674 - 169 + 1,674 1,630

Secondary credit 0 0 0 0

Seasonal credit 0 0 0 0

Primary Dealer Credit Facility 519 - 12 + 519 510

Money Market Mutual Fund Liquidity Facility 1,729 - 132 + 1,729 1,729

Paycheck Protection Program Liquidity Facility 47,850 + 1,243 + 47,850 48,509

Other credit extensions 0 0 0 0

Net portfolio holdings of Commercial Paper Funding

Facility II LLC7 8,558 0 + 8,558 8,558

Net portfolio holdings of Corporate Credit Facilities LLC7 26,258 - 31 + 26,258 26,274

Net portfolio holdings of MS Facilities LLC (Main Street

Lending Program)7 33,312 + 8 + 33,312 33,321

Net portfolio holdings of Municipal Liquidity Facility LLC7 11,545 - 67 + 11,545 11,536

Net portfolio holdings of TALF II LLC7 6,404 - 39 + 6,404 6,405

Float -68 + 349 + 27 -68

Central bank liquidity swaps8 8,463 - 216 + 8,408 8,463

Other Federal Reserve assets9 42,612 + 1,936 + 11,070 43,786

Foreign currency denominated assets10 21,913 - 100 + 1,543 22,043

Gold stock 11,041 0 0 11,041

Special drawing rights certificate account 5,200 0 0 5,200

Treasury currency outstanding11 50,525 + 14 + 408 50,525

Total factors supplying reserve funds 7,476,710 + 21,111 +3,254,965 7,491,017

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

1. Factors Affecting Reserve Balances of Depository Institutions (continued)

Millions of dollars

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Week ended

Feb 10, 2021 Feb 3, 2021 Feb 12, 2020

Wednesday

Feb 10, 2021

Currency in circulation11 2,099,380 + 1,954 + 305,024 2,100,668

Reverse repurchase agreements12 204,073 - 19,516 - 24,213 212,031

Foreign official and international accounts 203,997 - 16,141 - 23,565 212,031

Others 76 - 3,375 - 648 0

Treasury cash holdings 61 + 12 - 170 71

Deposits with F.R. Banks, other than reserve balances 1,810,641 - 29,521 +1,331,866 1,775,112

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 1,608,906 - 16,419 +1,197,669 1,576,744

Foreign official 21,959 + 110 + 16,776 22,121

Other13 179,776 - 13,212 + 117,421 176,248

Treasury contributions to credit facilities14 51,778 0 + 51,778 51,778

Other liabilities and capital15 51,857 + 2,380 + 7,325 52,718

Total factors, other than reserve balances,

absorbing reserve funds 4,217,790 - 44,691 +1,671,611 4,192,378

Reserve balances with Federal Reserve Banks 3,258,919 + 65,801 +1,583,353 3,298,639

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of

the securities.

5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been

amortized. For U.S. Treasury securities, Federal agency debt securities, and mortgage-backed securities, amortization is on an effective-interest

basis.

6. Cash value of agreements.

7. Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury contributions to the facility. Refer to note on

consolidation below.

8. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned

to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the

foreign central bank.

9. Includes bank premises, accrued interest, and other accounts receivable. Also includes net portfolio holdings of Maiden Lane LLC. 

10. Revalued daily at current foreign currency exchange rates.

11. Estimated.

12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities

13. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial

market utilities, and deposits held by depository institutions in joint accounts in connection with their participation in certain private-sector payment

arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks

as fiscal agents of the United States.

14. Book value. Amount of equity investments in Commercial Paper Funding Facility II LLC of $10 billion, Corporate Credit Facilities LLC of $13.9 billion,

MS Facilities LLC of $16.6 billion, Municipal Liquidity Facility LLC of $6.3 billion, and TALF II LLC of $3.5 billion, and credit protection in the Money

Market Mutual Fund Liquidity Facility of $1.5 billion.

15. Includes the liability for earnings remittances due to the U.S. Treasury.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.
H.4.1

1A. Memorandum Items

Millions of dollars

Averages of daily figures

Memorandum item Week ended Change from week ended

Feb 10, 2021 Feb 3, 2021 Feb 12, 2020

Wednesday

Feb 10, 2021

Securities held in custody for foreign official and international

accounts 3,535,683 + 4,390 + 77,252 3,533,433

Marketable U.S. Treasury securities1 3,088,075 + 4,335 + 79,133 3,085,639

Federal agency debt and mortgage-backed securities2 358,939 - 211 - 8,349 358,837

Other securities3 88,669 + 266 + 6,468 88,957

Securities lent to dealers 28,389 - 6,439 - 4,389 30,020

Overnight facility4 28,389 - 6,439 - 4,389 30,020

U.S. Treasury securities 28,389 - 6,439 - 4,389 30,020

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.
H.4.1

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, February 10, 2021

Millions of dollars

Remaining Maturity Within 15

days

16 days to

90 days

91 days to

1 year

Over 1 year

to 5 years

Over 5 year

to 10 years

Over 10

years

All

Loans1 1,072 2,797 0 48,498 11 ... 52,378

U.S. Treasury securities2

Holdings 99,329 307,059 637,758 1,826,092 845,658 1,083,004 4,798,901

Weekly changes + 1,348 - 154 + 763 + 14,046 + 8,856 + 1,968 + 26,827

Federal agency debt securities3

Holdings 0 0 0 0 1,818 529 2,347

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities4

Holdings 0 0 6 2,112 72,522 1,995,150 2,069,790

Weekly changes 0 0 0 0 0 + 1 + 1

Commercial paper held by Commercial

Paper Funding Facility II LLC5 0 0 0 ... ... ... 0

Loan participations held by MS

Facilities LLC (Main Street Lending

Program)6 0 0 0 16,549 ... ... 16,549

Municipal notes held by Municipal

Liquidity Facility LLC7 0 0 845 5,358 ... ... 6,203

Loans held by TALF II LLC8 0 0 0 2,613 ... ... 2,613

Repurchase agreements9 800 0 ... ... ... ... 800

Central bank liquidity swaps10 3,254 5,209 0 0 0 0 8,463

Reverse repurchase agreements9 212,031 0 ... ... ... ... 212,031

Term deposits 0 0 0 ... ... ... 0

Note: Components may not sum to totals because of rounding.

...Not applicable.

1. Loans includes primary, secondary, and seasonal loans and credit extended through the Primary Dealer Credit Facility, Money Market Mutual Fund

Liquidity Facility, Paycheck Protection Program Liquidity Facility, and other credit extensions. Loans exclude the loans from the Federal Reserve

Bank of New York (FRBNY) to Commercial Paper Funding Facility II LLC, Corporate Credit Facilities LLC, Municipal Liquidity Facility LLC, and TALF

II LLC, and from the Federal Reserve Bank of Boston (FRBB) to MS Facilities LLC, which were eliminated when preparing the FRBNY's and FRBB’s

statement of condition, respectively, consistent with consolidation under generally accepted accounting principles.

2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the original

face value of such securities.

3. Face value.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.

5. Book value of commercial paper held by Commercial Paper Funding Facility II LLC.

6. Book value of the loan participations held by the MS Facilities LLC.

7. Book value of the municipal notes held by the Municipal Liquidity Facility LLC.

8. Book value of the loans held by the TALF II LLC.

9. Cash value of agreements.

10. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to

the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign

central bank.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Wednesday Account name Feb 10, 2021

Mortgage-backed securities held outright1 2,069,790

Residential mortgage-backed securities 2,059,900

Commercial mortgage-backed securities 9,889

Commitments to buy mortgage-backed securities2 252,277

Commitments to sell mortgage-backed securities2 2,000

Cash and cash equivalents3 10

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

Wednesday Feb 10, 2021

Net portfolio holdings of

Credit Facilities LLCs

Outstanding

principal Outstanding

amount amount of Treasury

of loan facility contributions

extended to asset and

Credit Facilities LLCs:

the LLC1 purchases2 other assets3 Total

Commercial Paper Funding Facility II LLC 0 0 8,558 8,558

Corporate Credit Facilities LLC 14,018 14,179 12,095 26,274

MS Facilities LLC (Main Street Lending Program) 16,585 16,453 16,868 33,321

Municipal Liquidity Facility LLC 6,203 6,203 5,333 11,536

TALF II LLC 3,382 2,613 3,792 6,405

Note: Components may not sum to totals because of rounding.

1. Book value. This amount was eliminated when preparing the Federal Reserve Banks’ statement of condition consistent with consolidation under

generally accepted accounting principles. Refer to the note on consolidation accompanying table 6. Loans are extended from the Federal Reserve

Bank to the LLC upon settlement of the investment activity.

2. Outstanding amount of facility asset purchases:

a. For the Commercial Paper Funding Facility II LLC includes commercial paper at book value.

b. For the Corporate Credit Facilities LLC includes exchange traded-funds at fair value and corporate bonds at book value. Asset balances

 from trading activity are reported on a one-day lag after the transaction date.

c. For the MS Facilities LLC (Main Street Lending Program) includes loan participations, net of an allowance for loan losses updated as of

 September 30, 2020, at face value.

d. For the Municipal Liquidity Facility LLC includes municipal notes at book value. Asset balances from trading activity may be reported on

 a one-day lag after the transaction date.

e. For the TALF II LLC includes loans to holders of eligible asset-backed securities at book value.

3. Includes short term receivables, interest and dividend receivables, and other assets of the facility. Also includes the portion of the Treasury

contribution to the credit facilities, which is held as investments in nonmarketable Treasury securities and the residual portion which is held as cash

and cash equivalents at the FRBNY. The amount of cash and cash equivalents held at the FRBNY are eliminated in consolidation and, as result, are

excluded from net portfolio holdings in Tables 1, 5, and 6. Amounts excluded are approximately 15% of Treasury contributions to the credit facilities

from the following consolidated LLCs: Commercial Paper Funding Facility II LLC, Corporate Credit Facilities LLC, Municipal Liquidity Facility LLC, and

TALF II LLC. Refer to the note on consolidation accompanying table 6.
H.4.1

5. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Feb 10, 2021 Feb 3, 2021 Feb 12, 2020

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,565 - 4 - 218

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 7,263,935 + 28,555 +3,152,058

Securities held outright1 6,871,038 + 26,828 +3,034,544

U.S. Treasury securities 4,798,901 + 26,827 +2,356,280

Bills2 326,044 0 + 68,006

Notes and bonds, nominal2 4,109,172 + 24,135 +2,081,095

Notes and bonds, inflation-indexed2 320,422 + 2,401 + 189,370

Inflation compensation3 43,263 + 291 + 17,809

Federal agency debt securities2 2,347 0 0

Mortgage-backed securities4 2,069,790 + 1 + 678,264

Unamortized premiums on securities held outright5 346,211 + 570 + 221,962

Unamortized discounts on securities held outright5 -6,492 - 157 + 6,774

Repurchase agreements6 800 - 200 - 163,600

Loans7 52,378 + 1,513 + 52,378

Net portfolio holdings of Commercial Paper Funding

Facility II LLC8 8,558 0 + 8,558

Net portfolio holdings of Corporate Credit Facilities LLC8 26,274 - 16 + 26,274

Net portfolio holdings of MS Facilities LLC (Main Street

Lending Program)8 33,321 + 10 + 33,321

Net portfolio holdings of Municipal Liquidity Facility LLC8 11,536 - 77 + 11,536

Net portfolio holdings of TALF II LLC8 6,405 + 1 + 6,405

Items in process of collection (0) 103 + 30 + 48

Bank premises 2,210 + 5 + 13

Central bank liquidity swaps9 8,463 - 216 + 8,408

Foreign currency denominated assets10 22,043 + 147 + 1,733

Other assets11 41,576 + 3,193 + 11,401

Total assets (0) 7,442,225 + 31,627 +3,259,536

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Feb 10, 2021 Feb 3, 2021 Feb 12, 2020

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 2,051,775 + 1,469 + 303,514

Reverse repurchase agreements12 212,031 + 3,098 - 11,798

Deposits (0) 5,073,751 + 24,557 +2,907,941

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 3,298,639 + 95,917 +1,603,557

U.S. Treasury, General Account 1,576,744 - 52,985 +1,172,403

Foreign official 22,121 + 267 + 16,938

Other13 (0) 176,248 - 18,641 + 115,044

Deferred availability cash items (0) 171 + 33 + 13

Treasury contributions to credit facilities14 51,778 0 + 51,778

Other liabilities and accrued dividends15 13,536 + 2,491 + 7,424

Total liabilities (0) 7,403,043 + 31,648 +3,258,874

Capital accounts

Capital paid in 32,396 + 18 + 701

Surplus 6,785 - 40 - 40

Other capital accounts 0 0 0

Total capital 39,181 - 22 + 661

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.

5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been

amortized. For U.S. Treasury securities, Federal agency debt securities, and mortgage-backed securities, amortization is on an effective-interest

basis.

6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

7. Loans includes primary, secondary, and seasonal loans and credit extended through the Primary Dealer Credit Facility, Money Market Mutual Fund

Liquidity Facility, Paycheck Protection Program Liquidity Facility, and other credit extensions.

8. Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury contributions to the facility. Refer to note on

consolidation below.

9. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to

the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign

central bank.

10. Revalued daily at current foreign currency exchange rates.

11. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable. Also includes net portfolio

holdings of Maiden Lane LLC.

12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

13. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial

market utilities, and deposits held by depository institutions in joint accounts in connection with their participation in certain private-sector payment

arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks

as fiscal agents of the United States.

14. Book value. Amount of equity investments in Commercial Paper Funding Facility II LLC of $10 billion, Corporate Credit Facilities LLC of $13.9 billion,

MS Facilities LLC of $16.6 billion, Municipal Liquidity Facility LLC of $6.3 billion, and TALF II LLC of $3.5 billion, and credit protection in the Money

Market Mutual Fund Liquidity Facility of $1.5 billion.

15. Includes the liability for earnings remittances due to the U.S. Treasury.
H.4.1

6. Statement of Condition of Each Federal Reserve Bank, February 10, 2021

Millions of dollars

Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas 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 1,565 35 43 132 75 210 153 261 32 43 104 185 291

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans1 7,263,935 164,894 3,743,577 169,594 227,115 454,885 533,266 404,189 115,229 76,296 118,621 349,199 907,071

Net portfolio holdings of Commercial

Paper Funding Facility II LLC2 8,558 0 8,558 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of Corporate

Credit Facilities LLC2 26,274 0 26,274 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of MS

Facilities LLC (Main Street Lending

Program)2 33,321 33,321 0 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of Municipal

Liquidity Facility LLC2 11,536 0 11,536 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of TALF II LLC2 6,405 0 6,405 0 0 0 0 0 0 0 0 0 0

Central bank liquidity swaps3 8,463 402 2,844 305 723 1,786 420 329 139 66 89 100 1,260

Foreign currency denominated

assets4 22,043 1,046 7,410 793 1,883 4,652 1,093 856 361 173 232 262 3,281

Other assets5 43,889 2,562 19,906 1,081 1,443 3,043 3,337 2,470 850 575 1,019 2,264 5,340

Interdistrict settlement account 0 - 46,546 + 318,743 + 14,198 + 70,924 + 14,377 - 127,126 - 191 - 15,026 - 11,915 - 17,578 - 44,546 - 155,313

Total assets 7,442,225 156,247 4,150,778 186,631 302,924 480,118 413,326 409,050 102,064 65,508 102,937 308,666 763,976

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

6. Statement of Condition of Each Federal Reserve Bank, February 10, 2021 (continued)

Millions of dollars

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

Liabilities

Federal Reserve notes, net 2,051,775 61,673 672,789 55,715 94,989 155,368 282,451 132,714 59,062 33,384 54,582 176,570 272,475

Reverse repurchase agreements6 212,031 4,762 109,781 4,837 6,634 13,289 15,626 11,843 3,350 2,004 3,372 10,219 26,316

Deposits 5,073,751 69,353 3,314,043 124,340 197,531 302,424 112,621 262,261 38,641 29,449 44,256 120,613 458,219

Depository institutions 3,298,639 69,333 1,673,769 124,338 197,495 301,792 112,537 129,852 38,639 29,329 43,862 119,501 458,192

U.S. Treasury, General Account 1,576,744 0 1,576,744 0 0 0 0 0 0 0 0 0 0

Foreign official 22,121 2 22,094 1 3 8 2 2 1 0 0 0 6

Other7 176,248 18 41,437 0 32 623 83 132,407 2 119 394 1,112 21

Earnings remittances due to the U.S.

Treasury8 2,083 43 1,077 45 56 118 166 120 31 16 41 105 266

Treasury contributions to credit facilities9 51,778 18,072 33,706 0 0 0 0 0 0 0 0 0 0

Other liabilities and accrued

dividends 11,625 567 6,221 287 327 773 687 576 235 323 259 441 930

Total liabilities 7,403,043 154,469 4,137,618 185,225 299,537 471,972 411,551 407,515 101,319 65,175 102,510 307,948 758,206

Capital

Capital paid in 32,396 1,470 10,880 1,163 2,800 6,734 1,468 1,269 616 275 354 596 4,771

Surplus 6,785 308 2,280 244 587 1,412 307 266 129 58 73 122 999

Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 7,442,225 156,247 4,150,778 186,631 302,924 480,118 413,326 409,050 102,064 65,508 102,937 308,666 763,976

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

6. Statement of Condition of Each Federal Reserve Bank, February 10, 2021 (continued)

1. Securities include outright holdings of U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities, including securities lent to dealers under the overnight securities

lending facility; refer to table 1A. Mortgage-backed securities are guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Unamortized premiums and discounts are the differences between the

purchase price and the face value of the securities that have not been amortized. For U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities, amortization is on

an effective-interest basis. Repurchase agreements reflect the cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. Loans includes primary,

secondary, and seasonal loans and credit extended through the Primary Dealer Credit Facility, Money Market Mutual Fund Liquidity Facility, Paycheck Protection Program Liquidity Facility, and

other credit extensions.

2. Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury contributions to the facility. Refer to note on consolidation below.

3. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate

equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.

4. Revalued daily at current foreign currency exchange rates.

5. Includes items in process of collection, bank premises, accrued interest (which represents the daily accumulation of interest earned), and other accounts receivable. Also includes Net portfolio

holdings of Maiden Lane LLC; refer to the note on consolidation for additional information.

6. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

7. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by

depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements. Also includes certain deposit accounts other than the U.S. Treasury,

General Account, for services provided by the Reserve Banks as fiscal agents of the United States.

8. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after

providing for the costs of operations, payment of dividends, and the amount necessary to maintain each Federal Reserve Bank’s allotted surplus cap.

9. Book value. Amount of equity investments in Commercial Paper Funding Facility II LLC of $10 billion, Corporate Credit Facilities LLC of $13.9 billion, MS Facilities LLC of $16.6 billion, and

Municipal Liquidity Facility LLC of $6.3 billion, and TALF II LLC of $3.5 billion, and credit protection in the Money Market Mutual Fund Liquidity Facility of $1.5 billion.

 

Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) and the Federal Reserve Bank of Boston (FRBB) have extended loans to limited liability companies under the authority of section 13(3) of the Federal

Reserve Act. On April 14, 2020, FRBNY began extending loans to the Commercial Paper Funding Facility II LLC (CPFF II LLC), a limited liability company formed to purchase three-month U.S dollardenominated 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).
H.4.1

7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents’ Accounts

Millions of dollars

Wednesday Federal Reserve notes and collateral Feb 10, 2021

Federal Reserve notes outstanding 2,214,779

Less: Notes held by F.R. Banks not subject to collateralization 163,005

Federal Reserve notes to be collateralized 2,051,775

Collateral held against Federal Reserve notes 2,051,775

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 2,035,538

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 6,871,838

Less: Face value of securities under reverse repurchase agreements 202,591

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 6,669,247

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.