FEDERAL RESERVE statistical release

For Release at

4:30 P.M. EDT

February 18, 2021

As of March 4, 2021 the ASCII format data tables for the H.4.1 Factors Affecting Reserve

Balances will no longer be available on this webpage. Historical data tables will continue to be

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FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks February 18, 2021

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

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 17, 2021 Feb 10, 2021 Feb 19, 2020

Wednesday

Feb 17, 2021

Reserve Bank credit 7,512,414 + 124,384 +3,367,576 7,517,575

Securities held outright1 6,980,839 + 122,200 +3,143,635 6,996,966

U.S. Treasury securities 4,812,144 + 25,642 +2,367,175 4,824,057

Bills2 326,044 0 + 65,863 326,044

Notes and bonds, nominal2 4,122,355 + 23,317 +2,094,049 4,134,243

Notes and bonds, inflation-indexed2 320,422 + 2,058 + 189,370 320,422

Inflation compensation3 43,322 + 267 + 17,892 43,348

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

Mortgage-backed securities4 2,166,348 + 96,558 + 776,459 2,170,562

Unamortized premiums on securities held outright5 349,358 + 3,314 + 225,310 349,725

Unamortized discounts on securities held outright5 -6,532 - 110 + 6,769 -6,728

Repurchase agreements6 714 - 200 - 166,700 500

Foreign official 714 - 200 + 714 500

Others 0 0 - 167,414 0

Loans 53,031 + 1,260 + 53,029 54,019

Primary credit 1,767 + 93 + 1,765 1,755

Secondary credit 0 0 0 0

Seasonal credit 0 0 0 0

Primary Dealer Credit Facility 265 - 254 + 265 265

Money Market Mutual Fund Liquidity Facility 1,729 0 + 1,729 1,729

Paycheck Protection Program Liquidity Facility 49,270 + 1,420 + 49,270 50,271

Other credit extensions 0 0 0 0

Net portfolio holdings of Commercial Paper Funding

Facility II LLC7 8,557 - 1 + 8,557 8,556

Net portfolio holdings of Corporate Credit Facilities LLC7 26,269 + 11 + 26,269 26,240

Net portfolio holdings of MS Facilities LLC (Main Street

Lending Program)7 33,270 - 42 + 33,270 33,265

Net portfolio holdings of Municipal Liquidity Facility LLC7 11,536 - 9 + 11,536 11,538

Net portfolio holdings of TALF II LLC7 6,405 + 1 + 6,405 6,405

Float -70 - 2 + 44 -113

Central bank liquidity swaps8 8,165 - 298 + 8,097 8,165

Other Federal Reserve assets9 40,872 - 1,740 + 11,356 29,036

Foreign currency denominated assets10 21,977 + 64 + 1,734 21,847

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 50,539 + 14 + 412 50,539

Total factors supplying reserve funds 7,601,171 + 124,461 +3,369,722 7,606,202

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
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 17, 2021 Feb 10, 2021 Feb 19, 2020

Wednesday

Feb 17, 2021

Currency in circulation11 2,102,074 + 2,694 + 303,977 2,102,242

Reverse repurchase agreements12 205,063 + 990 - 20,701 201,719

Foreign official and international accounts 205,040 + 1,043 - 18,574 201,669

Others 24 - 52 - 2,126 50

Treasury cash holdings 72 + 11 - 179 79

Deposits with F.R. Banks, other than reserve balances 1,810,026 - 615 +1,300,966 1,793,134

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 1,567,041 - 41,865 +1,138,236 1,568,893

Foreign official 22,302 + 343 + 17,117 23,052

Other13 220,683 + 40,907 + 145,613 201,188

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

Other liabilities and capital15 53,250 + 1,393 + 9,090 49,379

Total factors, other than reserve balances,

absorbing reserve funds 4,222,264 + 4,474 +1,644,933 4,198,331

Reserve balances with Federal Reserve Banks 3,378,907 + 119,988 +1,724,789 3,407,871

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

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

2. Face value of the securities.

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

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

the securities.

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

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

basis.

6. Cash value of agreements.

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

consolidation below.

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

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

foreign central bank.

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

10. Revalued daily at current foreign currency exchange rates.

11. Estimated.

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

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

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

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

as fiscal agents of the United States.

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

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

Market Mutual Fund Liquidity Facility of $1.5 billion.

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

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

1A. Memorandum Items

Millions of dollars

Averages of daily figures

Memorandum item Week ended Change from week ended

Feb 17, 2021 Feb 10, 2021 Feb 19, 2020

Wednesday

Feb 17, 2021

Securities held in custody for foreign official and international

accounts 3,549,734 + 14,051 + 87,227 3,546,739

Marketable U.S. Treasury securities1 3,099,882 + 11,807 + 102,453 3,097,157

Federal agency debt and mortgage-backed securities2 360,349 + 1,410 - 22,441 359,792

Other securities3 89,503 + 834 + 7,214 89,791

Securities lent to dealers 26,815 - 1,574 + 1,046 29,233

Overnight facility4 26,815 - 1,574 + 1,046 29,233

U.S. Treasury securities 26,815 - 1,574 + 1,046 29,233

Federal agency debt securities 0 0 0 0

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

1. Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS. Does not include securities pledged as collateral

to foreign official and international account holders against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6.

2. Face value of federal agency securities and current face value of mortgage-backed securities, which is the remaining principal balance of the

securities.

3. Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed securities, and commercial paper at face value.

4. Face value. Fully collateralized by U.S. Treasury securities.
H.4.1

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, February 17, 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 1,729 2,019 0 50,260 11 ... 54,019

U.S. Treasury securities2

Holdings 100,436 326,865 634,962 1,821,988 851,747 1,088,059 4,824,057

Weekly changes + 1,107 + 19,806 - 2,796 - 4,104 + 6,089 + 5,055 + 25,156

Federal agency debt 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 2,109 72,007 2,096,440 2,170,562

Weekly changes 0 0 0 - 3 - 515 + 101,290 + 100,772

Commercial paper held by Commercial

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

Loan participations held by MS

Facilities LLC (Main Street Lending

Program)6 0 0 0 16,548 ... ... 16,548

Municipal notes held by Municipal

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

Loans held by TALF II LLC8 0 0 0 2,593 ... ... 2,593

Repurchase agreements9 500 0 ... ... ... ... 500

Central bank liquidity swaps10 4,816 3,349 0 0 0 0 8,165

Reverse repurchase agreements9 201,719 0 ... ... ... ... 201,719

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

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

...Not applicable.

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

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

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

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

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

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

face value of such securities.

3. Face value.

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

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

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

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

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

9. Cash value of agreements.

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

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

central bank.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Wednesday Account name Feb 17, 2021

Mortgage-backed securities held outright1 2,170,562

Residential mortgage-backed securities 2,160,666

Commercial mortgage-backed securities 9,896

Commitments to buy mortgage-backed securities2 161,471

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 281

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

2. Current face value. Includes residential and commercial mortgage-backed securities. Residential mortgage-backed securities generally settle within

180 calendar days and include commitments associated with outright transactions, dollar rolls, and coupon swaps. Commercial mortgage-backed

securities generally settle within three business days.

3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5 and table 6.

4. Information on Principal Accounts of Credit Facilities LLCs

Millions of dollars

Wednesday Feb 17, 2021

Net portfolio holdings of

Credit Facilities LLCs

Outstanding

principal Outstanding

amount amount of Treasury

of loan facility contributions

extended to asset and

Credit Facilities LLCs:

the LLC1 purchases2 other assets3 Total

Commercial Paper Funding Facility II LLC 0 0 8,556 8,556

Corporate Credit Facilities LLC 14,018 14,115 12,125 26,240

MS Facilities LLC (Main Street Lending Program) 16,524 16,453 16,812 33,265

Municipal Liquidity Facility LLC 6,203 6,203 5,335 11,538

TALF II LLC 3,382 2,593 3,812 6,405

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

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

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

Bank to the LLC upon settlement of the investment activity.

2. Outstanding amount of facility asset purchases:

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

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

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

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

 September 30, 2020, at face value.

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

 a one-day lag after the transaction date.

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

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

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

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

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

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

TALF II LLC. Refer to the note on consolidation accompanying table 6.
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 17, 2021 Feb 10, 2021 Feb 19, 2020

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,562 - 3 - 212

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 7,394,483 + 130,548 +3,280,391

Securities held outright1 6,996,966 + 125,928 +3,157,147

U.S. Treasury securities 4,824,057 + 25,156 +2,372,369

Bills2 326,044 0 + 60,505

Notes and bonds, nominal2 4,134,243 + 25,071 +2,104,565

Notes and bonds, inflation-indexed2 320,422 0 + 189,370

Inflation compensation3 43,348 + 85 + 17,929

Federal agency debt securities2 2,347 0 0

Mortgage-backed securities4 2,170,562 + 100,772 + 784,778

Unamortized premiums on securities held outright5 349,725 + 3,514 + 225,859

Unamortized discounts on securities held outright5 -6,728 - 236 + 6,771

Repurchase agreements6 500 - 300 - 163,400

Loans7 54,019 + 1,641 + 54,014

Net portfolio holdings of Commercial Paper Funding

Facility II LLC8 8,556 - 2 + 8,556

Net portfolio holdings of Corporate Credit Facilities LLC8 26,240 - 34 + 26,240

Net portfolio holdings of MS Facilities LLC (Main Street

Lending Program)8 33,265 - 56 + 33,265

Net portfolio holdings of Municipal Liquidity Facility LLC8 11,538 + 2 + 11,538

Net portfolio holdings of TALF II LLC8 6,405 0 + 6,405

Items in process of collection (0) 69 - 34 - 2

Bank premises 2,044 - 166 - 155

Central bank liquidity swaps9 8,165 - 298 + 8,098

Foreign currency denominated assets10 21,847 - 196 + 1,735

Other assets11 26,992 - 14,584 + 9,974

Total assets (0) 7,557,402 + 115,177 +3,385,832

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
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 17, 2021 Feb 10, 2021 Feb 19, 2020

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 2,053,339 + 1,564 + 301,749

Reverse repurchase agreements12 201,719 - 10,312 - 25,245

Deposits (0) 5,201,005 + 127,254 +3,051,801

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 3,407,871 + 109,232 +1,748,850

U.S. Treasury, General Account 1,568,893 - 7,851 +1,147,842

Foreign official 23,052 + 931 + 17,865

Other13 (0) 201,188 + 24,940 + 137,243

Deferred availability cash items (0) 181 + 10 - 6

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

Other liabilities and accrued dividends15 10,182 - 3,354 + 5,103

Total liabilities (0) 7,518,205 + 115,162 +3,385,180

Capital accounts

Capital paid in 32,412 + 16 + 692

Surplus 6,785 0 - 40

Other capital accounts 0 0 0

Total capital 39,197 + 16 + 652

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

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

2. Face value of the securities.

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

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

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

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

basis.

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

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

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

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

consolidation below.

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

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

central bank.

10. Revalued daily at current foreign currency exchange rates.

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

holdings of Maiden Lane LLC.

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

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

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

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

as fiscal agents of the United States.

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

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

Market Mutual Fund Liquidity Facility of $1.5 billion.

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

6. Statement of Condition of Each Federal Reserve Bank, February 17, 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 1,562 34 42 130 74 211 153 259 32 44 105 184 294

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans1 7,394,483 168,412 3,810,441 172,521 231,232 462,993 542,826 411,414 117,324 77,703 120,643 355,398 923,576

Net portfolio holdings of Commercial

Paper Funding Facility II LLC2 8,556 0 8,556 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of Corporate

Credit Facilities LLC2 26,240 0 26,240 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of MS

Facilities LLC (Main Street Lending

Program)2 33,265 33,265 0 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of Municipal

Liquidity Facility LLC2 11,538 0 11,538 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 8,165 388 2,744 294 698 1,723 405 317 134 64 86 97 1,216

Foreign currency denominated

assets4 21,847 1,037 7,344 786 1,867 4,610 1,083 848 358 171 230 259 3,252

Other assets5 29,105 2,232 12,267 745 981 2,123 2,215 1,646 617 403 785 1,581 3,509

Interdistrict settlement account 0 - 41,498 + 359,597 + 14,266 + 62,199 - 1,325 - 133,077 - 2,867 - 17,146 - 14,860 - 20,516 - 47,946 - 156,828

Total assets 7,557,402 164,403 4,250,657 189,271 297,811 471,501 415,788 412,754 101,797 63,796 101,783 310,776 777,066

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

6. Statement of Condition of Each Federal Reserve Bank, February 17, 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 2,053,339 61,644 672,868 55,600 95,219 155,405 283,063 132,632 58,976 33,453 54,367 176,742 273,369

Reverse repurchase agreements6 201,719 4,530 104,442 4,602 6,311 12,643 14,866 11,267 3,187 1,906 3,208 9,722 25,036

Deposits 5,201,005 77,764 3,422,580 127,328 192,512 294,428 115,200 266,617 38,623 27,754 43,490 123,034 471,676

Depository institutions 3,407,871 77,747 1,779,731 127,326 192,469 293,812 115,111 122,331 38,617 27,673 42,858 118,547 471,649

U.S. Treasury, General Account 1,568,893 0 1,568,893 0 0 0 0 0 0 0 0 0 0

Foreign official 23,052 2 23,026 1 3 8 2 2 1 0 0 0 6

Other7 201,188 15 50,930 0 39 607 86 144,284 5 81 632 4,487 21

Earnings remittances due to the U.S.

Treasury8 1,784 30 991 35 43 77 136 100 26 14 19 94 218

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 8,579 585 2,907 298 340 802 748 603 240 323 272 465 996

Total liabilities 7,518,205 162,625 4,237,493 187,864 294,425 463,355 414,013 411,219 101,052 63,451 101,356 310,058 771,295

Capital

Capital paid in 32,412 1,470 10,883 1,163 2,800 6,734 1,468 1,269 616 287 354 596 4,771

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

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

Total liabilities and capital 7,557,402 164,403 4,250,657 189,271 297,811 471,501 415,788 412,754 101,797 63,796 101,783 310,776 777,066

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

6. Statement of Condition of Each Federal Reserve Bank, February 17, 2021 (continued)

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

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

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

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

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

other credit extensions.

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

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

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

4. Revalued daily at current foreign currency exchange rates.

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

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

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

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

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

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

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

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

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

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

 

Note on consolidation:

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

Reserve Act. On April 14, 2020, FRBNY began extending loans to the Commercial Paper Funding Facility II LLC (CPFF II LLC), a limited liability company formed to purchase three-month U.S 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 17, 2021

Federal Reserve notes outstanding 2,215,334

Less: Notes held by F.R. Banks not subject to collateralization 161,995

Federal Reserve notes to be collateralized 2,053,339

Collateral held against Federal Reserve notes 2,053,339

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 2,037,102

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 6,997,466

Less: Face value of securities under reverse repurchase agreements 194,269

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 6,803,198

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

1. Includes face value of U.S. Treasury, agency debt, and mortgage-backed securities held outright, compensation to

adjust for the effect of inflation on the original face value of inflation-indexed securities, and cash value of repurchase

agreements.

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