FEDERAL RESERVE statistical release

For Release at

4:30 P.M. Eastern Time

August 5, 2021

In table 4, the outstanding amount of facility asset purchases for MS Facilities LLC (Main Street

Lending Program) reflects the quarterly update to the allowance for loan losses. The allowance

for loan losses was estimated based upon the Main Street Lending Program holdings as of June

30, 2021.
FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks August 5, 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

Aug 4, 2021 Jul 28, 2021 Aug 5, 2020

Wednesday

Aug 4, 2021

Reserve Bank credit 8,188,664 - 10,805 +1,286,399 8,196,062

Securities held outright1 7,657,197 - 8,448 +1,422,297 7,664,767

U.S. Treasury securities 5,270,064 + 13,095 + 970,967 5,277,635

Bills2 326,044 0 0 326,044

Notes and bonds, nominal2 4,537,347 + 10,432 + 871,961 4,543,634

Notes and bonds, inflation-indexed2 349,285 + 1,770 + 77,236 350,142

Inflation compensation3 57,388 + 893 + 21,770 57,815

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

Mortgage-backed securities4 2,384,785 - 21,544 + 451,329 2,384,785

Unamortized premiums on securities held outright5 352,658 - 581 + 31,316 352,788

Unamortized discounts on securities held outright5 -14,675 - 59 - 9,680 -14,738

Repurchase agreements6 0 0 0 0

Foreign official 0 0 0 0

Others 0 0 0 0

Loans 84,631 - 1,638 - 3,181 83,925

Primary credit 337 - 77 - 3,192 268

Secondary credit 1 + 1 + 1 0

Seasonal credit 14 - 2 - 20 17

Primary Dealer Credit Facility 0 0 - 1,191 0

Money Market Mutual Fund Liquidity Facility 0 0 - 13,133 0

Paycheck Protection Program Liquidity Facility 84,279 - 1,560 + 14,356 83,640

Other credit extensions 0 0 0 0

Net portfolio holdings of Commercial Paper Funding

Facility II LLC7 0 0 - 8,861 0

Net portfolio holdings of Corporate Credit Facilities LLC7 22,657 + 8 - 21,623 22,659

Net portfolio holdings of MS Facilities LLC (Main Street

Lending Program)7 30,545 + 105 - 7,049 30,567

Net portfolio holdings of Municipal Liquidity Facility LLC7 9,762 + 2 - 6,324 9,763

Net portfolio holdings of TALF II LLC7 4,538 - 152 - 5,585 4,513

Float -324 - 121 + 96 -96

Central bank liquidity swaps8 478 + 2 - 106,488 478

Other Federal Reserve assets9 41,197 + 77 + 1,482 41,438

Foreign currency denominated assets10 21,361 + 163 - 316 21,317

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 50,782 + 14 + 483 50,782

Total factors supplying reserve funds 8,277,048 - 10,627 +1,286,567 8,284,402

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

Aug 4, 2021 Jul 28, 2021 Aug 5, 2020

Wednesday

Aug 4, 2021

Currency in circulation11 2,187,134 + 1,936 + 190,508 2,188,604

Reverse repurchase agreements12 1,260,094 + 104,331 +1,040,309 1,216,357

Foreign official and international accounts 278,954 + 25,156 + 59,278 284,602

Others 981,140 + 79,174 + 981,031 931,755

Treasury cash holdings 48 - 2 0 46

Deposits with F.R. Banks, other than reserve balances 734,112 - 138,911 -1,164,630 742,972

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 492,668 - 85,536 -1,252,560 505,871

Foreign official 6,111 - 13 - 10,117 7,176

Other13 235,333 - 53,363 + 98,047 229,925

Treasury contributions to credit facilities14 40,278 0 - 73,722 40,278

Other liabilities and capital15 49,804 + 813 + 1,811 50,252

Total factors, other than reserve balances,

absorbing reserve funds 4,271,470 - 31,834 - 5,724 4,238,510

Reserve balances with Federal Reserve Banks 4,005,578 + 21,207 +1,292,291 4,045,893

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.
H.4.1

1A. Memorandum Items

Millions of dollars

Averages of daily figures

Memorandum item Week ended Change from week ended

Aug 4, 2021 Jul 28, 2021 Aug 5, 2020

Wednesday

Aug 4, 2021

Securities held in custody for foreign official and international

accounts 3,507,805 - 6,599 + 99,246 3,496,471

Marketable U.S. Treasury securities1 3,073,505 - 5,626 + 110,312 3,061,445

Federal agency debt and mortgage-backed securities2 344,019 - 1,333 - 15,185 344,037

Other securities3 90,282 + 362 + 4,120 90,988

Securities lent to dealers 28,675 + 1,908 + 594 32,058

Overnight facility4 28,675 + 1,908 + 594 32,058

U.S. Treasury securities 28,675 + 1,908 + 594 32,058

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, August 4, 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 83 201 10,875 72,765 0 ... 83,925

U.S. Treasury securities2

Holdings 112,640 249,075 682,163 2,038,269 960,016 1,235,472 5,277,635

Weekly changes + 33,734 - 33,877 + 5,756 + 3,544 - 2,145 + 6,883 + 13,895

Federal agency debt securities3

Holdings 0 0 0 0 2,134 213 2,347

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities4

Holdings 0 0 18 1,818 64,221 2,318,728 2,384,785

Weekly changes 0 0 + 4 + 36 + 699 - 733 + 6

Loan participations held by MS

Facilities LLC (Main Street Lending

Program)5 0 0 0 16,152 ... ... 16,152

Municipal notes held by Municipal

Liquidity Facility LLC6 0 0 0 4,373 ... ... 4,373

Loans held by TALF II LLC7 0 0 0 1,479 ... ... 1,479

Repurchase agreements8 0 0 ... ... ... ... 0

Central bank liquidity swaps9 203 275 0 0 0 0 478

Reverse repurchase agreements8 1,216,357 0 ... ... ... ... 1,216,357

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.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Wednesday Account name Aug 4, 2021

Mortgage-backed securities held outright1 2,384,785

Residential mortgage-backed securities 2,375,073

Commercial mortgage-backed securities 9,713

Commitments to buy mortgage-backed securities2 151,222

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 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

Wednesday Aug 4, 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

Corporate Credit Facilities LLC 10,333 3,894 18,764 22,659

MS Facilities LLC (Main Street Lending Program) 16,097 13,607 16,960 30,567

Municipal Liquidity Facility LLC 4,373 4,373 5,390 9,763

TALF II LLC 1,482 1,479 3,034 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.
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

Aug 4, 2021 Jul 28, 2021 Aug 5, 2020

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,253 + 2 - 280

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 8,086,741 + 12,488 +1,444,480

Securities held outright1 7,664,767 + 13,901 +1,423,303

U.S. Treasury securities 5,277,635 + 13,895 + 971,984

Bills2 326,044 0 0

Notes and bonds, nominal2 4,543,634 + 11,803 + 873,199

Notes and bonds, inflation-indexed2 350,142 + 1,199 + 76,836

Inflation compensation3 57,815 + 893 + 21,949

Federal agency debt securities2 2,347 0 0

Mortgage-backed securities4 2,384,785 + 6 + 451,319

Unamortized premiums on securities held outright5 352,788 + 239 + 31,119

Unamortized discounts on securities held outright5 -14,738 - 89 - 9,790

Repurchase agreements6 0 0 0

Loans7 83,925 - 1,562 - 151

Net portfolio holdings of Commercial Paper Funding

Facility II LLC8 0 0 - 8,646

Net portfolio holdings of Corporate Credit Facilities LLC8 22,659 + 5 - 21,692

Net portfolio holdings of MS Facilities LLC (Main Street

Lending Program)8 30,567 + 122 - 7,034

Net portfolio holdings of Municipal Liquidity Facility LLC8 9,763 + 2 - 6,324

Net portfolio holdings of TALF II LLC8 4,513 - 177 - 5,610

Items in process of collection (0) 108 + 30 + 49

Bank premises 1,677 - 89 - 515

Central bank liquidity swaps9 478 + 2 - 105,185

Foreign currency denominated assets10 21,317 + 81 - 429

Other assets11 39,760 + 1,134 + 1,022

Total assets (0) 8,235,073 + 13,600 +1,289,836

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

Aug 4, 2021 Jul 28, 2021 Aug 5, 2020

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 2,139,117 + 2,234 + 187,122

Reverse repurchase agreements12 1,216,357 - 3,776 +1,003,909

Deposits (0) 4,788,865 + 13,550 + 171,184

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 4,045,893 + 44,832 +1,292,362

U.S. Treasury, General Account 505,871 - 31,095 -1,200,766

Foreign official 7,176 + 982 - 9,052

Other13 (0) 229,925 - 1,169 + 88,641

Deferred availability cash items (0) 204 - 687 - 88

Treasury contributions to credit facilities14 40,278 0 - 73,722

Other liabilities and accrued dividends15 10,555 + 2,181 + 609

Total liabilities (0) 8,195,376 + 13,501 +1,289,014

Capital accounts

Capital paid in 32,912 + 98 + 861

Surplus 6,785 0 - 40

Other capital accounts 0 0 0

Total capital 39,697 + 98 + 821

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.
H.4.1

6. Statement of Condition of Each Federal Reserve Bank, August 4, 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 16,237 531 5,422 523 752 1,187 2,188 1,136 475 273 455 1,220 2,075

Coin 1,253 20 24 115 58 181 117 233 16 31 87 145 226

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans1 8,086,741 133,841 4,534,370 172,525 307,022 537,640 469,611 437,428 105,152 88,460 108,051 354,909 837,733

Net portfolio holdings of Corporate

Credit Facilities LLC2 22,659 0 22,659 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of MS

Facilities LLC (Main Street Lending

Program)2 30,567 30,567 0 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of Municipal

Liquidity Facility LLC2 9,763 0 9,763 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of TALF II LLC2 4,513 0 4,513 0 0 0 0 0 0 0 0 0 0

Central bank liquidity swaps3 478 22 161 17 41 100 22 19 9 4 5 9 70

Foreign currency denominated

assets4 21,317 968 7,166 765 1,843 4,436 964 835 405 181 231 384 3,139

Other assets5 41,546 784 22,029 975 1,576 3,048 2,595 2,294 701 512 867 1,937 4,227

Interdistrict settlement account 0 + 24,439 - 383,289 + 14,851 + 9,664 + 5,285 + 55,437 + 96,173 + 15,286 - 9,557 + 15,175 + 43,894 + 112,643

Total assets 8,235,073 191,171 4,222,816 189,771 320,957 551,876 530,933 538,117 122,046 79,904 124,870 402,498 960,113

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, August 4, 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 2,139,117 66,531 692,806 63,760 103,455 155,432 305,780 126,877 57,935 32,786 53,202 195,778 284,776

Reverse repurchase agreements6 1,216,357 20,326 687,553 25,690 44,258 81,506 71,269 66,377 15,858 9,412 16,152 53,789 124,166

Deposits 4,788,865 87,788 2,798,429 98,498 169,304 305,858 151,328 342,652 47,239 37,146 54,809 151,481 544,333

Depository institutions 4,045,893 87,778 2,238,307 98,496 169,261 305,297 151,194 161,837 47,230 36,902 53,999 151,285 544,306

U.S. Treasury, General Account 505,871 0 505,871 0 0 0 0 0 0 0 0 0 0

Foreign official 7,176 2 7,149 1 3 8 2 2 1 0 0 1 6

Other7 229,925 8 47,101 0 40 553 132 180,813 8 243 810 194 21

Earnings remittances due to the U.S.

Treasury8 3,002 72 1,700 64 107 153 191 152 56 34 32 133 307

Treasury contributions to credit facilities9 40,278 16,572 23,706 0 0 0 0 0 0 0 0 0 0

Other liabilities and accrued

dividends 7,757 -1,884 5,333 260 324 759 597 519 215 302 239 379 714

Total liabilities 8,195,376 189,406 4,209,527 188,272 317,449 543,708 529,165 536,577 121,303 79,679 124,435 401,560 954,296

Capital

Capital paid in 32,912 1,457 11,009 1,256 2,922 6,756 1,461 1,275 614 167 362 816 4,818

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 8,235,073 191,171 4,222,816 189,771 320,957 551,876 530,933 538,117 122,046 79,904 124,870 402,498 960,113

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, August 4, 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 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 Aug 4, 2021

Federal Reserve notes outstanding 2,354,907

Less: Notes held by F.R. Banks not subject to collateralization 215,790

Federal Reserve notes to be collateralized 2,139,117

Collateral held against Federal Reserve notes 2,139,117

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 2,122,880

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 7,664,767

Less: Face value of securities under reverse repurchase agreements 1,140,775

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 6,523,992

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.