---

`FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                    July 15, 2021


1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Jul 14, 2021 
Federal Reserve Banks                                     Jul 14, 2021  Jul 7, 2021 Jul 15, 2020              

Reserve Bank credit                                         8,079,751   +   31,945   +1,198,548    8,162,744  
  Securities held outright (1)                              7,546,970   +   34,402   +1,379,779    7,627,278  
    U.S. Treasury securities                                5,213,167   +   22,584   +  972,339    5,222,570  
      Bills (2)                                               326,044            0            0      326,044  
      Notes and bonds, nominal (2)                          4,477,266   +   21,231   +  868,914    4,484,752  
      Notes and bonds, inflation-indexed (2)                  353,457   +      571   +   82,864      354,887  
      Inflation compensation (3)                               56,399   +      780   +   20,560       56,887  
    Federal agency debt securities (2)                          2,347            0            0        2,347  
    Mortgage-backed securities (4)                          2,331,456   +   11,819   +  407,440    2,402,362  
  Unamortized premiums on securities held outright (5)        351,740   +      242   +   35,253      353,359  
  Unamortized discounts on securities held outright (5)       -14,432   -       75   -    9,160      -14,452  
  Repurchase agreements (6)                                         0            0            0            0  
    Foreign official                                                0            0            0            0  
    Others                                                          0            0            0            0  
  Loans                                                        88,479   -    1,359   -    4,879       88,260  
    Primary credit                                                382   -        9   -    4,409          386  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                16   -        4   -        6           16  
    Primary Dealer Credit Facility                                  0            0   -    1,828            0  
    Money Market Mutual Fund Liquidity Facility                     0            0   -   18,704            0  
    Paycheck Protection Program Liquidity Facility             88,081   -    1,346   +   20,068       87,859  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Commercial Paper Funding      
    Facility II LLC (7)                                             0            0   -   12,334            0  
  Net portfolio holdings of Corporate Credit Facilities   
  LLC (7)                                                      22,649   -    3,257   -   20,404       22,641  
  Net portfolio holdings of MS Facilities LLC (Main       
    Street Lending Program) (7)                                30,556   +        8   -    6,949       30,564  
  Net portfolio holdings of Municipal Liquidity           
  Facility LLC (7)                                              9,757   -      983   -    6,325        9,758  
  Net portfolio holdings of TALF II LLC (7)                     4,689            0   -    4,162        4,689  
  Float                                                           -92   +       31   +      154         -102  
  Central bank liquidity swaps (8)                                476   -       45   -  153,018          476  
  Other Federal Reserve assets (9)                             38,958   +    2,980   +      591       40,273  
Foreign currency denominated assets (10)                       21,270   +       68   +      246       21,258  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             50,740   +       14   +      467       50,740  
                                                                                                              
Total factors supplying reserve funds                       8,168,001   +   32,027   +1,199,259    8,250,983  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





1. Factors Affecting Reserve Balances of Depository Institutions (continued)
Millions of dollars
Reserve Bank credit, related items, and                          Averages of daily figures         Wednesday  
reserve balances of depository institutions at             Week ended    Change from week ended  Jul 14, 2021 
Federal Reserve Banks                                     Jul 14, 2021  Jul 7, 2021 Jul 15, 2020              

Currency in circulation (11)                                 2,187,580   +      684   +  209,070    2,186,973 
Reverse repurchase agreements (12)                           1,049,995   +   41,744   +  828,553    1,110,967 
  Foreign official and international accounts                  254,295   -    7,247   +   32,854      250,992 
  Others                                                       795,700   +   48,991   +  795,700      859,975 
Treasury cash holdings                                              45   +        3   -        5           46 
Deposits with F.R. Banks, other than reserve balances          933,725   -   45,916   -  892,966      912,639 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               704,918   -   48,446   -  950,402      657,542 
  Foreign official                                               5,232   -       31   -   11,000        5,250 
  Other (13)                                                   223,576   +    2,562   +   68,438      249,847 
Treasury contributions to credit facilities (14)                40,278            0   -   73,722       40,278 
Other liabilities and capital (15)                              53,318   +    3,021   +    2,872       55,379 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  4,264,943   -      462   +   73,804    4,306,283 
                                                                                                              
Reserve balances with Federal Reserve Banks                  3,903,058   +   32,490   +1,125,455    3,944,700 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency debt
    securities, and mortgage-backed securities, amortization is on an effective-interest basis.         
6.  Cash value of agreements.                                                                               
7.  Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury      
    contributions to the facility. Refer to note on consolidation below.                                
8.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
9.  Includes bank premises, accrued interest, and other accounts receivable.                                
10. Revalued daily at current foreign currency exchange rates.                                              
11. Estimated.                                                                                              
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities                                                          
13. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, designated financial market utilities, and deposits held by depository
    institutions in joint accounts in connection with their participation in certain private-sector payment
    arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General Account, 
    for services provided by the Reserve Banks as fiscal agents of the United States.                   
14. Book value. Amount of equity investments in Corporate Credit Facilities LLC of $13.9 billion, MS        
    Facilities LLC of $16.6 billion, Municipal Liquidity Facility LLC of $6.3 billion, and TALF II LLC of
    $3.5 billion.                                                                                       
15. Includes the liability for earnings remittances due to the U.S. Treasury.                               
                                                                                                            



Sources: Federal Reserve Banks and the U.S. Department of the Treasury.





1A. Memorandum Items
Millions of dollars
Memorandum item                                                  Averages of daily figures         Wednesday  
                                                           Week ended    Change from week ended  Jul 14, 2021 
                                                          Jul 14, 2021  Jul 7, 2021 Jul 15, 2020              

Securities held in custody for foreign official and       
     international accounts                                  3,538,430   +   10,045   +  133,308    3,542,632 
  Marketable U.S. Treasury securities (1)                    3,097,108   +    9,572   +  145,266    3,098,206 
  Federal agency debt and mortgage-backed securities (2)       352,050   +      289   -   16,565      354,896 
  Other securities (3)                                          89,272   +      184   +    4,608       89,529 
Securities lent to dealers                                      33,772   -    3,797   +    5,790       32,121 
  Overnight facility (4)                                        33,772   -    3,797   +    5,790       32,121 
    U.S. Treasury securities                                    33,772   -    3,797   +    5,790       32,121 
    Federal agency debt securities                                   0            0            0            0 

Note: Components may not sum to totals because of rounding.


1.  Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS.         
    Does not include securities pledged as collateral to foreign official and international account holders
    against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6.     
2.  Face value of federal agency securities and current face value of mortgage-backed securities, which     
    is the remaining principal balance of the securities.                                               
3.  Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed         
    securities, and commercial paper at face value.                                                     
4.  Face value. Fully collateralized by U.S. Treasury securities.                                           








2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, July 14, 2021
Millions of dollars
Remaining Maturity                     Within 15     16 days to    91 days to   Over 1 year   Over 5 year     Over 10         All      
                                          days        90 days        1 year      to 5 years   to 10 years      years                   

Loans (1)                                      199           202        13,530        74,324             4           ...        88,260 
U.S. Treasury securities (2)                                                                                                           
  Holdings                                  75,604       301,951       653,014     2,025,519       948,634     1,217,847     5,222,570 
  Weekly changes                        -    1,049    +    6,521    -    5,416    +   22,996    -    5,799    +    3,591    +   20,845 
Federal agency debt securities (3)                                                                                                     
  Holdings                                       0             0             0             0         2,134           213         2,347 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (4)                                                                                                         
  Holdings                                       0             0            16         1,880        65,494     2,334,970     2,402,362 
  Weekly changes                                 0             0             0             0             0    +   82,724    +   82,725 
Commercial paper held by Commercial                                                                                                    
  Paper Funding Facility II LLC (5)              0             0             0           ...           ...           ...             0 
Loan participations held by MS                                                                                                         
  Facilities LLC (Main Street Lending                                                                                                   
  Program) (6)                                   0             0             0        16,177           ...           ...        16,177 
Municipal notes held by Municipal                                                                                                      
  Liquidity Facility LLC (7)                     0             0             0         4,373           ...           ...         4,373 
Loans held by TALF II LLC (8)                    0             0             0         1,483           ...           ...         1,483 
Repurchase agreements (9)                        0             0           ...           ...           ...           ...             0 
Central bank liquidity swaps (10)              138           338             0             0             0             0           476 
Reverse repurchase agreements (9)        1,110,967             0           ...           ...           ...           ...     1,110,967 
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 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.     






3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name                                                                                                            Wednesday   
                                                                                                                      Jul 14, 2021  

Mortgage-backed securities held outright (1)                                                                             2,402,362  
  Residential mortgage-backed securities                                                                                 2,392,592  
  Commercial mortgage-backed securities                                                                                      9,770  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                          123,017  
Commitments to sell mortgage-backed securities (2)                                                                              83  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                   89  



1.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
2.  Current face value. Includes residential and commercial mortgage-backed securities. Residential         
    mortgage-backed securities generally settle within 180 calendar days and include commitments associated
    with outright transactions, dollar rolls, and coupon swaps. Commercial mortgage-backed securities   
    generally settle within three business days.                                                        
3.  This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5       
    and table 6.                                                                                        




4. Information on Principal Accounts of Credit Facilities LLCs
Millions of dollars
Credit Facilities LLCs:                                                  Wednesday Jul 14, 2021               
                                                                              Net portfolio holdings of       
                                                                               Credit Facilities LLCs         
                                                           Outstanding                                        
                                                            principal   Outstanding                           
                                                             amount      amount of    Treasury                
                                                             of loan     facility   contributions             
                                                           extended to     asset         and                  
                                                           the LLC (1) purchases (2)other assets (3)    Total    

Commercial Paper Funding Facility II LLC                             0            0            0            0 
Corporate Credit Facilities LLC                                 10,333        8,148       14,493       22,641 
MS Facilities LLC (Main Street Lending Program)                 16,228       13,519       17,045       30,564 
Municipal Liquidity Facility LLC                                 4,373        4,373        5,385        9,758 
TALF II LLC                                                      1,660        1,483        3,207        4,689 

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 and corporate bonds at        
    fair 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 at face         
    value, net of an allowance for loan losses                                                          
    updated as of March 31, 2021.                                                                           
    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.                                                                                            





5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Jul 14, 2021   Wednesday    Wednesday  
                                                        consolidation                 Jul 7, 2021 Jul 15, 2020 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,243   +        8   -      280  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     8,054,445   +  104,851   +1,444,397  
    Securities held outright (1)                                          7,627,278   +  103,569   +1,423,313  
      U.S. Treasury securities                                            5,222,570   +   20,845   +  969,341  
        Bills (2)                                                           326,044            0            0  
        Notes and bonds, nominal (2)                                      4,484,752   +   17,802   +  859,663  
        Notes and bonds, inflation-indexed (2)                              354,887   +    2,001   +   87,973  
        Inflation compensation (3)                                           56,887   +    1,042   +   21,705  
      Federal agency debt securities (2)                                      2,347            0            0  
      Mortgage-backed securities (4)                                      2,402,362   +   82,725   +  453,974  
    Unamortized premiums on securities held outright  
    (5)                                                                     353,359   +    1,927   +   35,402  
    Unamortized discounts on securities held outright 
    (5)                                                                     -14,452   -      103   -    9,172  
    Repurchase agreements (6)                                                     0            0   -        2  
    Loans (7)                                                                88,260   -      542   -    5,144  
  Net portfolio holdings of Commercial Paper          
    Funding Facility II LLC (8)                                                   0            0   -   10,659  
  Net portfolio holdings of Corporate Credit          
  Facilities LLC (8)                                                         22,641   -    3,290   -   20,782  
  Net portfolio holdings of MS Facilities LLC (Main   
    Street Lending Program) (8)                                              30,564   +        9   -    6,951  
  Net portfolio holdings of Municipal Liquidity       
  Facility LLC (8)                                                            9,758   -      984   -    6,326  
  Net portfolio holdings of TALF II LLC (8)                                   4,689            0   -    4,750  
  Items in process of collection                                   (0)           66   -       47   +       13  
  Bank premises                                                               1,874   -        6   -      324  
  Central bank liquidity swaps (9)                                              476   -       45   -  154,374  
  Foreign currency denominated assets (10)                                   21,258   +       69   +      164  
  Other assets (11)                                                          38,398   +    3,310   +    2,917  
                                                                                                               
Total assets                                                       (0)    8,201,651   +  103,878   +1,243,047  

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital                         Eliminations     Wednesday         Change since       
                                                             from       Jul 14, 2021   Wednesday    Wednesday  
                                                        consolidation                 Jul 7, 2021 Jul 15, 2020 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         2,137,519   -    1,883   +  204,740 
  Reverse repurchase agreements (12)                                       1,110,967   +   61,635   +  886,738 
  Deposits                                                          (0)    4,857,339   +   39,260   +  219,370 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         3,944,700   +   88,497   +1,212,051 
    U.S. Treasury, General Account                                           657,542   -   67,356   -1,082,913 
    Foreign official                                                           5,250   +       20   -   10,982 
    Other (13)                                                      (0)      249,847   +   18,099   +  101,214 
  Deferred availability cash items                                  (0)          169   -       44   -      111 
  Treasury contributions to credit facilities (14)                            40,278            0   -   73,722 
  Other liabilities and accrued dividends (15)                                15,775   +    4,910   +    5,189 
                                                                                                               
Total liabilities                                                   (0)    8,162,047   +  103,877   +1,242,204 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             32,819   +        1   +      883 
  Surplus                                                                      6,785            0   -       40 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 39,604   +        1   +      843 

Note: Components may not sum to totals because of rounding.


1.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.                                                                                                 
2.  Face value of the securities.                                                                           
3.  Compensation that adjusts for the effect of inflation on the original face value of                     
    inflation-indexed securities.                                                                       
4.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
5.  Reflects the premium or discount, which is the difference between the purchase price and the face       
    value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency debt
    securities, and mortgage-backed securities, amortization is on an effective-interest basis.         
6.  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.      
7.  Loans includes primary, secondary, and seasonal loans and credit extended through the Primary           
    Dealer Credit Facility, Money Market Mutual Fund Liquidity Facility, Paycheck Protection Program Liquidity
    Facility, and other credit extensions.                                                              
8.  Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury      
    contributions to the facility. Refer to note on consolidation below.                                
9.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used     
    when the foreign currency is returned to the foreign central bank. This exchange rate equals the    
    market exchange rate used when the foreign currency was acquired from the foreign central bank.     
10. Revalued daily at current foreign currency exchange rates.                                              
11. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable.                                                                                
12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
13. Includes deposits held at the Reserve Banks by international and multilateral organizations,            
    government-sponsored enterprises, designated financial market utilities, and deposits held by depository
    institutions in joint accounts in connection with their participation in certain private-sector payment
    arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General Account, 
    for services provided by the Reserve Banks as fiscal agents of the United States.                   
14. Book value. Amount of equity investments in Corporate Credit Facilities LLC of $13.9 billion, MS        
    Facilities LLC of $16.6 billion, Municipal Liquidity Facility LLC of $6.3 billion, and TALF II LLC of
    $3.5 billion.                                                                                       
15. Includes the liability for earnings remittances due to the U.S. Treasury.                               

 



6. Statement of Condition of Each Federal Reserve Bank, July 14, 2021
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia  Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                         City                 Francisco  

Assets                                                                                                                                                                                                   
  Gold certificates and special drawing     
    rights certificates                           16,237         531       5,422          523         752       1,187       2,188       1,136         475         273         455       1,220       2,075
  Coin                                             1,243          19          25          111          55         182         115         234          14          31          85         146         227
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans (1)                             8,054,445     133,253   4,514,275      172,430     305,787     535,216     467,633     435,553     104,890      89,082     107,813     353,296     835,217
  Net portfolio holdings of Commercial      
     Paper Funding Facility II LLC (2)                 0           0           0            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Corporate       
    Credit Facilities LLC (2)                     22,641           0      22,641            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of MS                                                                                                                                                                           
    Facilities LLC (Main Street Lending                                                                                                                                                                  
    Program) (2)                                  30,564      30,564           0            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of Municipal       
    Liquidity Facility LLC (2)                     9,758           0       9,758            0           0           0           0           0           0           0           0           0           0
  Net portfolio holdings of TALF II LLC (2)        4,689           0       4,689            0           0           0           0           0           0           0           0           0           0
  Central bank liquidity swaps (3)                   476          22         160           17          41          99          22          19           9           4           5           9          70
  Foreign currency denominated                                                                                                                                                                           
     assets (4)                                   21,258         965       7,146          763       1,838       4,424         961         833         404         181         230         383       3,130
  Other assets (5)                                40,339         763      21,363          957       1,528       2,984       2,488       2,238         667         503         847       1,887       4,114
  Interdistrict settlement account                     0  +    7,726  -  290,483   +   20,334  +   21,846  -   21,173  +   41,809  +   77,511  +   10,138  -   13,172  +   12,089  +   34,543  +   98,832
                                                                                                                                                                                                         
Total assets                                   8,201,651     173,841   4,294,995      195,135     331,846     522,920     515,216     517,523     116,598      76,902     121,525     391,484     943,666

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, July 14, 2021 (continued)
Millions of dollars
Assets, liabilities, and capital               Total       Boston     New York  Philadelphia Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis    Kansas      Dallas       San     
                                                                                                                                                                        City                 Francisco  

Liabilities                                                                                                                                                                                             
  Federal Reserve notes, net                   2,137,519      65,996     697,104      63,434     104,599     156,669     302,123     127,427      57,503      32,520      53,266     194,844     282,033
  Reverse repurchase agreements (6)            1,110,967      18,565     627,981      23,465      40,424      74,444      65,094      60,626      14,484       8,596      14,753      49,129     113,408
  Deposits                                     4,857,339      72,824   2,922,679     106,311     182,711     282,284     145,207     326,993      43,559      35,178      52,744     145,962     540,887
    Depository institutions                    3,944,700      72,808   2,189,244     106,309     182,670     281,807     145,075     151,701      43,550      34,952      51,790     143,933     540,861
    U.S. Treasury, General Account               657,542           0     657,542           0           0           0           0           0           0           0           0           0           0
    Foreign official                               5,250           2       5,224           1           3           8           2           2           1           0           0           1           6
    Other (7)                                    249,847          14      70,669           0          38         469         130     175,291           8         226         953       2,028          20
  Earnings remittances due to the U.S.      
     Treasury (8)                                  3,139          49       1,791          65         112         208         187         170          39          22          36         138         322
  Treasury contributions to credit          
     facilities (9)                               40,278      16,572      23,706           0           0           0           0           0           0           0           0           0           0
  Other liabilities and accrued             
     dividends                                    12,805      -1,930       8,467         362         492       1,147         812         766         269         361         292         579       1,187
                                                                                                                                                                                                        
Total liabilities                              8,162,047     172,076   4,281,729     193,635     328,339     514,751     513,423     515,983     115,855      76,677     121,091     390,652     937,836
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 32,819       1,457      10,987       1,256       2,921       6,756       1,486       1,275         613         167         361         710       4,831
  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                  8,201,651     173,841   4,294,995     195,135     331,846     522,920     515,216     517,523     116,598      76,902     121,525     391,484     943,666

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.





6. Statement of Condition of Each Federal Reserve Bank, July 14, 2021 (continued)


1.  Securities include outright holdings of U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities, including securities lent to dealers under the overnight              
    securities                                                                                                                                                                                          
    lending facility; refer to table 1A. Mortgage-backed securities are guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Unamortized premiums and discounts are the differences between               
    the purchase price and the face value of the securities that have not been amortized. For U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities,                     
    amortization is on an effective-interest basis. Repurchase agreements reflect the cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.                    
    Loans includes primary, secondary, and seasonal loans and credit extended through the Primary Dealer Credit Facility, Paycheck Protection Program Liquidity Facility,                                   
    and other credit extensions.                                                                                                                                                                            
2.  Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury contributions to the facility. Refer to note on consolidation below.                                 
3.  Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals        
    the market exchange rate used when the foreign currency was acquired from the foreign central bank.                                                                                                 
4.  Revalued daily at current foreign currency exchange rates.                                                                                                                                              
5.  Includes items in process of collection, bank premises, accrued interest (which represents the daily accumulation of interest earned), and other accounts receivable.                                   
6.  Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.                                                         
7.  Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by              
    depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General
    Account, for services provided by the Reserve Banks as fiscal agents of the United States.                                                                                                          
8.  Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after          
    providing for the costs of operations, payment of dividends, and the amount necessary to maintain each Federal Reserve Bank's allotted surplus cap.                                                 
9.  Book value. Amount of equity investments in Corporate Credit Facilities LLC of $13.9 billion, MS Facilities LLC of $16.6 billion, and Municipal Liquidity Facility LLC of $6.3 billion, and TALF II     
    LLC of $3.5 billion.                                                                                                                                                                                
                                                                                                                                                                                                            



    Note on consolidation:                                                                                                                                                                                  
    The Federal Reserve Bank of New York (FRBNY) and the Federal Reserve Bank of Boston (FRBB) have extended loans to limited liability companies under the authority of section 13(3) of the Federal       
    Reserve Act. On April 14, 2020, FRBNY began extending loans to the Commercial Paper Funding Facility II LLC (CPFF II LLC), a limited liability company formed to purchase three-month U.S           
    dollar-denominated commercial paper by eligible issuers. The assets of the CPFF II LLC and the amount provided by U.S. Treasury as credit protection to the FRBNY are used to secure the loan from the FRBNY. On
    May 12, 2020, FRBNY began extending loans to the Corporate Credit Facilities LLC (CCF LLC), a limited liability company formed to purchase eligible bonds or portions of syndicated loans or bonds at
    issuance through the Primary Market Corporate Credit Facility and to purchase eligible individual corporate bonds and exchange-traded funds through the Secondary Market Corporate Credit Facility. 
    The assets of the CCF LLC and the amount provided by U.S. Treasury as credit protection to the FRBNY are used to secure the loan from the FRBNY. On June 5, 2020, FRBNY began extending loans to the
    Municipal Liquidity Facility LLC (MLF LLC), a limited liability company formed to purchase municipal notes from eligible issuers. The assets of the MLF LLC and the amount provided by U.S. Treasury
    as credit protection to the FRBNY are used to secure the loan from the FRBNY. On June 25, 2020, FRBNY began extending loans to the TALF II LLC, a special purpose vehicle that was formed to help   
    support the flow of credit to consumers and businesses. The assets of the TALF II LLC and the amount provided by U.S. Treasury as credit protection to the FRBNY are used to secure the loan from the
    FRBNY. On July 15, 2020, the FRBB began extending loans to the MS Facilities LLC (Main Street Lending Program), a special purpose vehicle that was formed to help ensure credit flows to small and  
    medium-sized businesses and to eligible nonprofits. The assets of the MS Facilities LLC and the amount provided by U.S. Treasury as credit protection to the FRBB are used to secure the loan from the
    FRBB.                                                                                                                                                                                               
    The FRBNY is the managing member of CPFF II LLC, CCF LLC, MLF LLC, and TALF II LLC. The FRBB is the managing member of MS Facilities LLC (Main Street Lending Program). Consistent with generally       
    accepted accounting principles, the assets and liabilities of each LLC have been accounted for and consolidated with the assets and liabilities of the FRBNY or FRBB, in the preparation of the     
    statements of condition shown on this release. As a consequence of the consolidation, the loan from the Reserve Bank to the LLC is eliminated as are any balances held at the FRBNY for LLCs consolidated
    to FRBNY or FRBB for LLCs consolidated to FRBB. Treasury contributions to credit facilities are held at FRBNY until invested. Net assets of the LLC appears as assets on table 6 (and in table 1 and
    table 5), and the liabilities of the LLC to entities other than the FRBNY or FRBB, including those with recourse only to the portfolio holdings of the LLC, are included in other liabilities in this
    table (and table 1 and table 5). The amount provided by U.S. Treasury as credit protection to FRBNY and FRBB appears as liabilities on table 6 (and in table 1 and table 5).                        





7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral                                                        Wednesday   
                                                                                          Jul 14, 2021  

Federal Reserve notes outstanding                                                            2,337,293  
  Less: Notes held by F.R. Banks not subject to collateralization                              199,774  
    Federal Reserve notes to be collateralized                                               2,137,519  
Collateral held against Federal Reserve notes                                                2,137,519  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   2,121,282  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       7,627,278  
  Less: Face value of securities under reverse repurchase agreements                         1,080,472  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        6,546,806  

Note: Components may not sum to totals because of rounding.


1.  Includes face value of U.S. Treasury, agency debt, and mortgage-backed securities held outright,        
    compensation to adjust for the effect of inflation on the original face value of inflation-indexed  
    securities, and cash value of repurchase agreements.                                                
2.  Includes securities lent to dealers under the overnight securities lending facility; refer to table     
    1A.`

Statistical releases

---

Home Economic research and data  Accessibility Contact Us  Last update:  July 15, 2021