H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE statistical release For Release at 4:30 P.M. Eastern Time July 1, 2021 The Board's H.4.1 statistical release, “Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks,” has been modified to reflect the Federal Reserve’s full return of the Treasury’s equity investment in the Commercial Paper Funding Facility II LLC (CPFF II LLC), which occurred on June 29, 2021. Footnote 14 in Factors Affecting Reserve Balances of Depository Institutions (table 1) and Consolidated Statement of Condition of All Federal Reserve Banks (table 5) and footnote 9 in Statement of Condition of Each Federal Reserve Bank (table 6) were revised accordingly. Additionally, the outstanding amount of facility asset purchases reported in Information on Principal Accounts of Credit Facilities LLCs (table 4) has been modified to reflect corporate bonds at fair value instead of book value following the June 2, 2021 announcement to begin winding down the Corporate Credit Facilities LLC portfolio. (https://www.federalreserve.gov/newsevents/pressreleases/monetary20210602a.htm)

FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks July 1, 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 Jun 30, 2021 Federal Reserve Banks Jun 30, 2021 Jun 23, 2021 Jul 1, 2020 Reserve Bank credit 8,039,489 - 11,533 +1,063,690 8,038,724 Securities held outright1 7,502,739 - 6,889 +1,384,488 7,505,369 U.S. Treasury securities 5,175,843 + 17,772 + 971,302 5,183,385 Bills2 326,044 0 0 326,044 Notes and bonds, nominal2 4,445,343 + 14,484 + 869,254 4,449,349 Notes and bonds, inflation-indexed2 349,776 + 2,232 + 83,094 352,886 Inflation compensation3 54,680 + 1,056 + 18,954 55,107 Federal agency debt securities2 2,347 0 0 2,347 Mortgage-backed securities4 2,324,549 - 24,661 + 413,186 2,319,637 Unamortized premiums on securities held outright5 351,259 - 769 + 37,681 351,402 Unamortized discounts on securities held outright5 -14,194 - 207 - 8,898 -14,312 Repurchase agreements6 0 0 - 75,379 0 Foreign official 0 0 - 144 0 Others 0 0 - 75,236 0 Loans 90,994 + 4,397 - 5,892 91,126 Primary credit 460 - 136 - 5,417 477 Secondary credit 0 0 0 0 Seasonal credit 20 + 9 + 7 23 Primary Dealer Credit Facility 0 0 - 2,616 0 Money Market Mutual Fund Liquidity Facility 0 0 - 21,617 0 Paycheck Protection Program Liquidity Facility 90,514 + 4,525 + 23,751 90,626 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility II LLC7 1,250 - 7,304 - 11,549 0 Net portfolio holdings of Corporate Credit Facilities LLC7 25,868 + 21 - 15,491 25,902 Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)7 30,539 + 9 - 6,963 30,547 Net portfolio holdings of Municipal Liquidity Facility LLC7 10,738 + 2 - 5,342 10,740 Net portfolio holdings of TALF II LLC7 4,752 - 10 - 4,001 4,689 Float -323 - 210 + 174 -1,062 Central bank liquidity swaps8 577 + 102 - 226,226 568 Other Federal Reserve assets9 35,290 - 675 + 1,087 33,756 Foreign currency denominated assets10 21,307 - 6 + 427 21,221 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding11 50,712 + 14 + 456 50,712 Total factors supplying reserve funds 8,127,750 - 11,523 +1,064,573 8,126,898 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 Reserve Bank credit, related items, and Averages of daily figures Wednesday reserve balances of depository institutions at Week ended Change from week ended Jun 30, 2021 Federal Reserve Banks Jun 30, 2021 Jun 23, 2021 Jul 1, 2020 Currency in circulation11 2,180,636 + 2,179 + 213,560 2,183,581 Reverse repurchase agreements12 1,073,886 + 61,697 + 853,787 1,260,925 Foreign official and international accounts 250,780 + 5,385 + 30,938 268,986 Others 823,106 + 56,312 + 822,848 991,939 Treasury cash holdings 42 - 1 - 23 41 Deposits with F.R. Banks, other than reserve balances 995,890 - 44,160 - 834,844 1,082,185 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 745,962 + 11,273 - 911,658 851,929 Foreign official 6,772 + 1,071 - 9,445 5,255 Other13 243,156 - 56,505 + 86,259 225,002 Treasury contributions to credit facilities14 47,421 - 2,857 - 66,579 40,278 Other liabilities and capital15 49,084 - 1,130 + 2,701 48,258 Total factors, other than reserve balances, absorbing reserve funds 4,346,959 + 15,728 + 168,601 4,615,269 Reserve balances with Federal Reserve Banks 3,780,791 - 27,251 + 895,972 3,511,630 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 Wednesday Memorandum item Week ended Change from week ended Jun 30, 2021 Jun 30, 2021 Jun 23, 2021 Jul 1, 2020 Securities held in custody for foreign official and international accounts 3,522,582 - 17,637 + 108,536 3,535,807 Marketable U.S. Treasury securities1 3,081,621 - 17,402 + 121,329 3,095,251 Federal agency debt and mortgage-backed securities2 351,954 - 226 - 16,808 351,785 Other securities3 89,007 - 10 + 4,014 88,771 Securities lent to dealers 40,275 - 648 + 12,097 48,966 Overnight facility4 40,275 - 648 + 12,097 48,966 U.S. Treasury securities 40,275 - 648 + 12,097 48,966 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, June 30, 2021 Millions of dollars Within 15 16 days to 91 days to Over 1 year Over 5 year Over 10 Remaining Maturity All days 90 days 1 year to 5 years to 10 years years Loans1 243 256 15,443 75,180 3 ... 91,126 U.S. Treasury securities2 Holdings 79,125 267,131 678,379 1,995,709 950,972 1,212,068 5,183,385 Weekly changes - 1,063 - 32,796 + 30,770 + 12,000 + 3,379 + 7,650 + 19,940 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 13 1,758 65,210 2,252,657 2,319,637 Weekly changes 0 0 - 2 - 82 - 1,276 - 33,157 - 34,518 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 16,201 ... ... 16,201 Municipal notes held by Municipal Liquidity Facility LLC7 397 0 0 4,373 ... ... 4,771 Loans held by TALF II LLC8 0 0 0 1,622 ... ... 1,622 Repurchase agreements9 0 0 ... ... ... ... 0 Central bank liquidity swaps10 230 338 0 0 0 0 568 Reverse repurchase agreements9 1,260,925 0 ... ... ... ... 1,260,925 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.

H.4.1 3. Supplemental Information on Mortgage-Backed Securities Millions of dollars Wednesday Account name Jun 30, 2021 Mortgage-backed securities held outright1 2,319,637 Residential mortgage-backed securities 2,309,868 Commercial mortgage-backed securities 9,770 Commitments to buy mortgage-backed securities2 166,649 Commitments to sell mortgage-backed securities2 168 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 Jun 30, 2021 Net portfolio holdings of Credit Facilities LLCs Outstanding Credit Facilities LLCs: principal Outstanding amount amount of Treasury of loan facility contributions extended to asset and the LLC1 purchases2 other assets3 Total Commercial Paper Funding Facility II LLC 0 0 0 0 Corporate Credit Facilities LLC 13,609 10,174 15,727 25,902 MS Facilities LLC (Main Street Lending Program) 16,228 13,542 17,004 30,547 Municipal Liquidity Facility LLC 5,358 4,771 5,969 10,740 TALF II LLC 1,660 1,622 3,067 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.

H.4.1 5. Consolidated Statement of Condition of All Federal Reserve Banks Millions of dollars Change since Eliminations from Wednesday Assets, liabilities, and capital Wednesday Wednesday consolidation Jun 30, 2021 Jun 23, 2021 Jul 1, 2020 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,233 - 3 - 242 Securities, unamortized premiums and discounts, repurchase agreements, and loans 7,933,585 - 12,092 +1,339,324 Securities held outright1 7,505,369 - 14,578 +1,378,421 U.S. Treasury securities 5,183,385 + 19,940 + 970,165 Bills2 326,044 0 0 Notes and bonds, nominal2 4,449,349 + 15,376 + 868,210 Notes and bonds, inflation-indexed2 352,886 + 3,628 + 82,680 Inflation compensation3 55,107 + 937 + 19,276 Federal agency debt securities2 2,347 0 0 Mortgage-backed securities4 2,319,637 - 34,518 + 408,256 Unamortized premiums on securities held outright5 351,402 - 824 + 37,078 Unamortized discounts on securities held outright5 -14,312 - 211 - 8,967 Repurchase agreements6 0 0 - 61,201 Loans7 91,126 + 3,521 - 6,007 Net portfolio holdings of Commercial Paper Funding Facility II LLC8 0 - 8,554 - 12,799 Net portfolio holdings of Corporate Credit Facilities LLC8 25,902 + 39 - 16,038 Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)8 30,547 + 9 - 6,955 Net portfolio holdings of Municipal Liquidity Facility LLC8 10,740 + 2 - 5,341 Net portfolio holdings of TALF II LLC8 4,689 - 73 - 4,064 Items in process of collection (0) 66 + 14 + 20 Bank premises 1,929 + 12 - 264 Central bank liquidity swaps9 568 + 85 - 224,846 Foreign currency denominated assets10 21,221 - 110 + 237 Other assets11 31,827 - 2,731 + 472 Total assets (0) 8,078,544 - 23,401 +1,069,504 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 Eliminations from Wednesday Assets, liabilities, and capital Wednesday Wednesday consolidation Jun 30, 2021 Jun 23, 2021 Jul 1, 2020 Liabilities Federal Reserve notes, net of F.R. Bank holdings 2,134,139 + 4,006 + 211,152 Reverse repurchase agreements12 1,260,925 + 204,994 +1,033,689 Deposits (0) 4,593,815 - 223,223 - 104,271 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 3,511,630 - 254,084 + 648,434 U.S. Treasury, General Account 851,929 + 118,052 - 804,818 Foreign official 5,255 - 1,514 - 10,968 Other13 (0) 225,002 - 85,677 + 63,082 Deferred availability cash items (0) 1,128 + 905 + 327 Treasury contributions to credit facilities14 40,278 - 10,000 - 73,722 Other liabilities and accrued dividends15 8,654 - 84 + 1,570 Total liabilities (0) 8,038,940 - 23,401 +1,068,745 Capital accounts Capital paid in 32,819 0 + 799 Surplus 6,785 0 - 40 Other capital accounts 0 0 0 Total capital 39,604 0 + 759 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, June 30, 2021 Millions of dollars Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas 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 1,233 19 26 109 55 180 111 229 15 32 85 143 229 Securities, unamortized premiums and discounts, repurchase agreements, and loans1 7,933,585 131,203 4,444,793 170,240 301,130 527,224 460,444 428,839 103,365 89,180 106,389 347,943 822,838 Net portfolio holdings of Commercial Paper Funding Facility II LLC2 0 0 0 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Corporate Credit Facilities LLC2 25,902 0 25,902 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)2 30,547 30,547 0 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Municipal Liquidity Facility LLC2 10,740 0 10,740 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of TALF II LLC2 4,689 0 4,689 0 0 0 0 0 0 0 0 0 0 Central bank liquidity swaps3 568 26 191 20 49 118 26 22 11 5 6 10 84 Foreign currency denominated assets4 21,221 962 7,144 761 1,833 4,413 959 831 403 180 229 382 3,123 Other assets5 33,822 654 17,695 817 1,290 2,550 2,106 1,883 583 433 763 1,600 3,450 Interdistrict settlement account 0 + 50,634- 395,539+ 36,117+ 21,205+ 245+ 54,923+ 98,023+ 12,892- 12,634+ 13,955+ 25,006 + 95,173 Total assets 8,078,544 214,575 4,121,063 208,588 326,314 535,917 520,756 530,962 117,744 77,468 121,882 376,304 926,970 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, June 30, 2021 (continued) Millions of dollars Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco Liabilities Federal Reserve notes, net 2,134,139 64,690 697,577 63,410 104,461 156,956 299,735 128,161 57,559 32,429 53,550 194,222 281,390 Reverse repurchase agreements6 1,260,925 21,071 712,746 26,632 45,880 84,492 73,880 68,809 16,439 9,757 16,744 55,760 128,715 Deposits 4,593,815 112,466 2,667,959 116,749 172,086 285,452 144,683 331,825 42,770 33,760 50,897 125,020 510,146 Depository institutions 3,511,630 112,160 1,765,173 116,748 171,753 284,855 144,002 156,962 42,760 32,458 49,984 124,655 510,120 U.S. Treasury, General Account 851,929 0 851,929 0 0 0 0 0 0 0 0 0 0 Foreign official 5,255 2 5,228 1 3 8 2 2 1 0 0 1 6 Other7 225,002 303 45,630 0 330 588 679 174,862 10 1,302 913 364 20 Earnings remittances due to the U.S. Treasury8 1,587 16 949 28 46 72 102 89 18 18 20 78 151 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 8,195 -2,019 4,860 269 333 777 563 537 214 1,280 236 392 753 Total liabilities 8,038,940 212,795 4,107,796 207,087 322,807 527,749 518,963 529,421 117,001 77,244 121,448 375,473 921,156 Capital Capital paid in 32,819 1,472 10,987 1,257 2,921 6,756 1,486 1,275 613 167 361 709 4,815 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 8,078,544 214,575 4,121,063 208,588 326,314 535,917 520,756 530,962 117,744 77,468 121,882 376,304 926,970 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, June 30, 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 Jun 30, 2021 Federal Reserve notes outstanding 2,329,429 Less: Notes held by F.R. Banks not subject to collateralization 195,289 Federal Reserve notes to be collateralized 2,134,139 Collateral held against Federal Reserve notes 2,134,139 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 2,117,903 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 7,505,369 Less: Face value of securities under reverse repurchase agreements 1,194,020 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 6,311,349 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.