FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks February 4, 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 3, 2021 Jan 27, 2021 Feb 5, 2020

Wednesday

Feb 3, 2021

Reserve Bank credit 7,366,834 - 18,020 +3,246,895 7,370,758

Securities held outright1 6,840,913 - 15,636 +3,035,440 6,844,210

U.S. Treasury securities 4,768,784 + 13,975 +2,352,947 4,772,074

Bills2 326,044 0 + 89,224 326,044

Notes and bonds, nominal2 4,083,550 + 13,299 +2,059,212 4,085,037

Notes and bonds, inflation-indexed2 316,306 + 687 + 187,061 318,021

Inflation compensation3 42,884 - 11 + 17,450 42,972

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

Mortgage-backed securities4 2,069,783 - 29,609 + 682,494 2,069,789

Unamortized premiums on securities held outright5 345,181 - 501 + 221,639 345,641

Unamortized discounts on securities held outright5 -6,245 - 96 + 7,063 -6,335

Repurchase agreements6 1,000 0 - 174,319 1,000

Foreign official 1,000 0 + 1,000 1,000

Others 0 0 - 175,319 0

Loans 50,842 - 578 + 50,836 50,865

Primary credit 1,843 - 186 + 1,838 1,675

Secondary credit 0 0 0 0

Seasonal credit 0 0 0 0

Primary Dealer Credit Facility 531 + 46 + 531 520

Money Market Mutual Fund Liquidity Facility 1,861 - 44 + 1,861 1,802

Paycheck Protection Program Liquidity Facility 46,607 - 394 + 46,607 46,867

Other credit extensions 0 0 0 0

Net portfolio holdings of Commercial Paper Funding

Facility II LLC7 8,558 + 1 + 8,558 8,558

Net portfolio holdings of Corporate Credit Facilities LLC7 26,289 - 21 + 26,289 26,290

Net portfolio holdings of MS Facilities LLC (Main Street

Lending Program)7 33,304 + 12 + 33,304 33,311

Net portfolio holdings of Municipal Liquidity Facility LLC7 11,612 + 4 + 11,612 11,613

Net portfolio holdings of TALF II LLC7 6,443 - 235 + 6,443 6,404

Float -417 - 263 - 73 -65

Central bank liquidity swaps8 8,679 - 1,102 + 8,631 8,679

Other Federal Reserve assets9 40,676 + 394 + 11,473 40,588

Foreign currency denominated assets10 22,013 - 131 + 1,393 21,896

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 50,564 + 14 + 457 50,564

Total factors supplying reserve funds 7,455,652 - 18,137 +3,248,744 7,459,459

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 3, 2021 Jan 27, 2021 Feb 5, 2020

Wednesday

Feb 3, 2021

Currency in circulation11 2,097,478 + 334 + 304,892 2,099,246

Reverse repurchase agreements12 223,589 + 16,206 - 20,955 208,933

Foreign official and international accounts 220,138 + 13,638 - 20,117 208,755

Others 3,451 + 2,568 - 838 178

Treasury cash holdings 49 + 6 - 170 59

Deposits with F.R. Banks, other than reserve balances 1,840,162 - 64,396 +1,359,387 1,846,472

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 1,625,325 - 8,215 +1,212,003 1,629,729

Foreign official 21,849 - 108 + 16,667 21,854

Other13 192,988 - 56,074 + 130,718 194,889

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

Other liabilities and capital15 49,477 - 397 + 5,709 50,248

Total factors, other than reserve balances,

absorbing reserve funds 4,262,534 - 48,247 +1,700,642 4,256,737

Reserve balances with Federal Reserve Banks 3,193,118 + 30,110 +1,548,102 3,202,722

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 3, 2021 Jan 27, 2021 Feb 5, 2020

Wednesday

Feb 3, 2021

Securities held in custody for foreign official and international

accounts 3,531,293 - 1,639 + 104,948 3,541,493

Marketable U.S. Treasury securities1 3,083,740 + 1,447 + 104,019 3,094,463

Federal agency debt and mortgage-backed securities2 359,150 - 2,827 - 5,724 359,095

Other securities3 88,403 - 258 + 6,653 87,936

Securities lent to dealers 34,828 + 4,616 + 3,399 35,182

Overnight facility4 34,828 + 4,616 + 3,399 35,182

U.S. Treasury securities 34,828 + 4,616 + 3,399 35,182

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 3, 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 1,053 2,944 0 46,863 5 ... 50,865

U.S. Treasury securities2

Holdings 97,981 307,213 636,995 1,812,046 836,802 1,081,036 4,772,074

Weekly changes + 9,738 - 166 - 11,177 - 3,773 + 2,580 + 8,764 + 5,967

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 1,995,149 2,069,789

Weekly changes 0 0 + 2 + 112 + 2,534 - 2,627 + 20

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 16,546 ... ... 16,546

Municipal notes held by Municipal

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

Loans held by TALF II LLC8 0 0 0 2,717 ... ... 2,717

Repurchase agreements9 1,000 0 ... ... ... ... 1,000

Central bank liquidity swaps10 2,182 6,497 0 0 0 0 8,679

Reverse repurchase agreements9 208,933 0 ... ... ... ... 208,933

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 3, 2021

Mortgage-backed securities held outright1 2,069,789

Residential mortgage-backed securities 2,059,899

Commercial mortgage-backed securities 9,889

Commitments to buy mortgage-backed securities2 216,197

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 12

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 3, 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 14,058 14,163 12,127 26,290

MS Facilities LLC (Main Street Lending Program) 16,585 16,450 16,860 33,311

Municipal Liquidity Facility LLC 6,283 6,203 5,410 11,613

TALF II LLC 3,382 2,717 3,687 6,404

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 3, 2021 Jan 27, 2021 Feb 5, 2020

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,569 - 9 - 203

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 7,235,380 + 6,229 +3,137,403

Securities held outright1 6,844,210 + 5,987 +3,026,694

U.S. Treasury securities 4,772,074 + 5,967 +2,344,194

Bills2 326,044 0 + 78,508

Notes and bonds, nominal2 4,085,037 + 3,469 +2,059,562

Notes and bonds, inflation-indexed2 318,021 + 2,402 + 188,570

Inflation compensation3 42,972 + 96 + 17,554

Federal agency debt securities2 2,347 0 0

Mortgage-backed securities4 2,069,789 + 20 + 682,500

Unamortized premiums on securities held outright5 345,641 + 642 + 222,099

Unamortized discounts on securities held outright5 -6,335 - 166 + 6,998

Repurchase agreements6 1,000 0 - 169,250

Loans7 50,865 - 233 + 50,864

Net portfolio holdings of Commercial Paper Funding

Facility II LLC8 8,558 0 + 8,558

Net portfolio holdings of Corporate Credit Facilities LLC8 26,290 - 10 + 26,290

Net portfolio holdings of MS Facilities LLC (Main Street

Lending Program)8 33,311 + 10 + 33,311

Net portfolio holdings of Municipal Liquidity Facility LLC8 11,613 + 2 + 11,613

Net portfolio holdings of TALF II LLC8 6,404 - 274 + 6,404

Items in process of collection (0) 73 - 1 - 3

Bank premises 2,205 - 8 + 12

Central bank liquidity swaps9 8,679 - 888 + 8,631

Foreign currency denominated assets10 21,896 - 164 + 1,443

Other assets11 38,383 + 784 + 10,431

Total assets (0) 7,410,598 + 5,672 +3,243,891

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 3, 2021 Jan 27, 2021 Feb 5, 2020

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 2,050,306 + 1,789 + 303,812

Reverse repurchase agreements12 208,933 - 1,645 - 30,230

Deposits (0) 5,049,194 + 4,007 +2,911,931

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 3,202,722 - 26,029 +1,549,849

U.S. Treasury, General Account 1,629,729 + 16,352 +1,213,144

Foreign official 21,854 + 18 + 16,671

Other13 (0) 194,889 + 13,666 + 132,268

Deferred availability cash items (0) 138 - 481 - 42

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

Other liabilities and accrued dividends15 11,045 + 2,003 + 5,940

Total liabilities (0) 7,371,395 + 5,674 +3,243,190

Capital accounts

Capital paid in 32,378 - 2 + 701

Surplus 6,825 0 0

Other capital accounts 0 0 0

Total capital 39,203 - 2 + 701

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 3, 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 1,569 33 43 132 76 209 152 262 32 42 106 187 295

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans1 7,235,380 164,191 3,729,042 169,053 226,210 453,038 531,303 402,705 114,735 75,666 118,280 347,941 903,214

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 26,290 0 26,290 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of MS

Facilities LLC (Main Street Lending

Program)2 33,311 33,311 0 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of Municipal

Liquidity Facility LLC2 11,613 0 11,613 0 0 0 0 0 0 0 0 0 0

Net portfolio holdings of TALF II LLC2 6,404 0 6,404 0 0 0 0 0 0 0 0 0 0

Central bank liquidity swaps3 8,679 412 2,917 312 742 1,832 430 337 142 68 92 103 1,292

Foreign currency denominated

assets4 21,896 1,039 7,361 788 1,871 4,621 1,086 850 359 171 231 260 3,260

Other assets5 40,661 2,494 18,278 1,010 1,344 2,846 3,074 2,297 801 533 963 2,073 4,947

Interdistrict settlement account 0 - 38,482 + 292,415 + 12,695 + 64,859 + 22,562 - 124,723 + 2,090 - 15,413 - 10,327 - 16,775 - 44,585 - 144,317

Total assets 7,410,598 163,531 4,108,405 184,520 295,863 486,273 413,506 409,679 101,135 66,424 103,347 307,181 770,735

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 3, 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 2,050,306 61,754 673,984 55,834 94,112 155,067 281,533 132,825 59,036 33,443 54,871 175,980 271,868

Reverse repurchase agreements6 208,933 4,692 108,177 4,767 6,537 13,095 15,398 11,670 3,301 1,975 3,322 10,069 25,931

Deposits 5,049,194 76,648 3,274,267 122,192 191,457 309,130 113,959 262,980 37,814 30,387 44,443 119,893 466,025

Depository institutions 3,202,722 76,629 1,563,079 122,190 191,420 308,045 113,876 130,931 37,811 30,254 43,562 118,926 465,999

U.S. Treasury, General Account 1,629,729 0 1,629,729 0 0 0 0 0 0 0 0 0 0

Foreign official 21,854 2 21,828 1 3 8 2 2 1 0 0 0 6

Other7 194,889 17 59,632 0 33 1,077 81 132,048 2 132 880 967 20

Earnings remittances due to the U.S.

Treasury8 666 32 -156 38 49 61 155 105 8 9 34 100 230

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 10,517 554 5,253 281 318 765 686 563 231 277 251 433 906

Total liabilities 7,371,395 161,752 4,095,232 183,112 292,473 478,118 411,730 408,142 100,390 66,090 102,922 306,475 764,960

Capital

Capital paid in 32,378 1,470 10,880 1,163 2,800 6,734 1,467 1,269 616 275 351 584 4,770

Surplus 6,825 310 2,294 245 590 1,420 309 267 130 58 74 123 1,005

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

Total liabilities and capital 7,410,598 163,531 4,108,405 184,520 295,863 486,273 413,506 409,679 101,135 66,424 103,347 307,181 770,735

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 3, 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 a $6.825 billion surplus.

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 3, 2021

Federal Reserve notes outstanding 2,208,499

Less: Notes held by F.R. Banks not subject to collateralization 158,194

Federal Reserve notes to be collateralized 2,050,306

Collateral held against Federal Reserve notes 2,050,306

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 2,034,069

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 6,845,210

Less: Face value of securities under reverse repurchase agreements 199,574

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 6,645,636

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.