H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks August 12, 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 Aug 11, 2021 Federal Reserve Banks Aug 11, 2021 Aug 4, 2021 Aug 12, 2020 Reserve Bank credit 8,204,942 + 16,278 +1,293,823 8,218,316 Securities held outright1 7,676,796 + 19,599 +1,426,116 7,690,627 U.S. Treasury securities 5,289,664 + 19,600 + 974,867 5,303,495 Bills2 326,044 0 0 326,044 Notes and bonds, nominal2 4,555,122 + 17,775 + 876,172 4,568,639 Notes and bonds, inflation-indexed2 350,142 + 857 + 76,493 350,142 Inflation compensation3 58,356 + 968 + 22,202 58,670 Federal agency debt securities2 2,347 0 0 2,347 Mortgage-backed securities4 2,384,785 0 + 451,249 2,384,785 Unamortized premiums on securities held outright5 353,012 + 354 + 30,480 353,035 Unamortized discounts on securities held outright5 -14,798 - 123 - 9,886 -14,803 Repurchase agreements6 0 0 0 0 Foreign official 0 0 0 0 Others 0 0 0 0 Loans 83,342 - 1,289 - 117 82,500 Primary credit 272 - 65 - 2,421 289 Secondary credit 0 - 1 0 0 Seasonal credit 17 + 3 - 22 17 Primary Dealer Credit Facility 0 0 - 794 0 Money Market Mutual Fund Liquidity Facility 0 0 - 11,758 0 Paycheck Protection Program Liquidity Facility 83,053 - 1,226 + 14,942 82,194 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility II LLC7 0 0 - 8,632 0 Net portfolio holdings of Corporate Credit Facilities LLC7 17,912 - 4,745 - 26,491 17,114 Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)7 30,568 + 23 - 7,052 30,575 Net portfolio holdings of Municipal Liquidity Facility LLC7 9,763 + 1 - 6,324 9,764 Net portfolio holdings of TALF II LLC7 4,513 - 25 - 5,610 4,513 Float -107 + 217 + 83 -155 Central bank liquidity swaps8 484 + 6 - 99,298 492 Other Federal Reserve assets9 43,457 + 2,260 + 554 44,653 Foreign currency denominated assets10 21,168 - 193 - 403 21,124 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding11 50,796 + 14 + 497 50,796 Total factors supplying reserve funds 8,293,147 + 16,099 +1,293,917 8,306,477 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 Aug 11, 2021 Federal Reserve Banks Aug 11, 2021 Aug 4, 2021 Aug 12, 2020 Currency in circulation11 2,188,619 + 1,485 + 185,600 2,189,318 Reverse repurchase agreements12 1,242,742 - 17,352 +1,025,343 1,267,998 Foreign official and international accounts 273,940 - 5,014 + 56,557 267,538 Others 968,802 - 12,338 + 968,786 1,000,460 Treasury cash holdings 46 - 2 0 47 Deposits with F.R. Banks, other than reserve balances 679,299 - 54,813 -1,146,146 631,530 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 434,919 - 57,749 -1,234,814 389,747 Foreign official 7,921 + 1,810 - 8,301 7,631 Other13 236,459 + 1,126 + 96,969 234,151 Treasury contributions to credit facilities14 40,278 0 - 73,722 40,278 Other liabilities and capital15 51,655 + 1,851 + 1,296 50,016 Total factors, other than reserve balances, absorbing reserve funds 4,202,640 - 68,830 - 7,628 4,179,187 Reserve balances with Federal Reserve Banks 4,090,506 + 84,928 +1,301,545 4,127,290 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 Aug 11, 2021 Aug 11, 2021 Aug 4, 2021 Aug 12, 2020 Securities held in custody for foreign official and international accounts 3,496,272 - 11,533 + 88,486 3,498,083 Marketable U.S. Treasury securities1 3,061,645 - 11,860 + 99,094 3,063,652 Federal agency debt and mortgage-backed securities2 342,323 - 1,696 - 16,944 342,037 Other securities3 92,305 + 2,023 + 6,337 92,394 Securities lent to dealers 30,363 + 1,688 + 3,571 26,443 Overnight facility4 30,363 + 1,688 + 3,571 26,443 U.S. Treasury securities 30,363 + 1,688 + 3,571 26,443 Federal agency debt securities 0 0 0 0 Note: Components may not sum to totals because of rounding. 1. Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS. Does not include securities pledged as collateral to foreign official and international account holders against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6. 2. Face value of federal agency securities and current face value of mortgage-backed securities, which is the remaining principal balance of the securities. 3. Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed securities, and commercial paper at face value. 4. Face value. Fully collateralized by U.S. Treasury securities.

H.4.1 2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, August 11, 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 90 216 10,275 71,919 0 ... 82,500 U.S. Treasury securities2 Holdings 108,976 258,414 676,691 2,052,328 967,987 1,239,097 5,303,495 Weekly changes - 3,664 + 9,339 - 5,472 + 14,059 + 7,971 + 3,625 + 25,860 Federal agency debt securities3 Holdings 0 0 0 0 2,134 213 2,347 Weekly changes 0 0 0 0 0 0 0 Mortgage-backed securities4 Holdings 0 0 18 1,818 64,221 2,318,728 2,384,785 Weekly changes 0 0 0 0 0 0 0 Loan participations held by MS Facilities LLC (Main Street Lending Program)5 0 0 0 16,136 ... ... 16,136 Municipal notes held by Municipal Liquidity Facility LLC6 0 0 0 4,373 ... ... 4,373 Loans held by TALF II LLC7 0 0 0 1,470 ... ... 1,470 Repurchase agreements8 0 0 ... ... ... ... 0 Central bank liquidity swaps9 487 5 0 0 0 0 492 Reverse repurchase agreements8 1,267,998 0 ... ... ... ... 1,267,998 Term deposits 0 0 0 ... ... ... 0 Note: Components may not sum to totals because of rounding. ...Not applicable. 1. Loans includes primary, secondary, and seasonal loans and credit extended through the Primary Dealer Credit Facility, Paycheck Protection Program Liquidity Facility, and other credit extensions. Loans exclude the loans from the Federal Reserve Bank of New York (FRBNY) to Corporate Credit Facilities LLC, Municipal Liquidity Facility LLC, and TALF II LLC, and from the Federal Reserve Bank of Boston (FRBB) to MS Facilities LLC, which were eliminated when preparing the FRBNY's and FRBB’s statement of condition, respectively, consistent with consolidation under generally accepted accounting principles. 2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the original face value of such securities. 3. Face value. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities. 5. Book value of the loan participations held by the MS Facilities LLC. 6. Book value of the municipal notes held by the Municipal Liquidity Facility LLC. 7. Book value of the loans held by the TALF II LLC. 8. Cash value of agreements. 9. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.

H.4.1 3. Supplemental Information on Mortgage-Backed Securities Millions of dollars Wednesday Account name Aug 11, 2021 Mortgage-backed securities held outright1 2,384,785 Residential mortgage-backed securities 2,375,073 Commercial mortgage-backed securities 9,713 Commitments to buy mortgage-backed securities2 175,392 Commitments to sell mortgage-backed securities2 0 Cash and cash equivalents3 0 1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities. 2. Current face value. Includes residential and commercial mortgage-backed securities. Residential mortgage-backed securities generally settle within 180 calendar days and include commitments associated with outright transactions, dollar rolls, and coupon swaps. Commercial mortgage-backed securities generally settle within three business days. 3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5 and table 6. 4. Information on Principal Accounts of Credit Facilities LLCs Millions of dollars Wednesday Aug 11, 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 Corporate Credit Facilities LLC 4,803 2,629 14,485 17,114 MS Facilities LLC (Main Street Lending Program) 16,097 13,591 16,984 30,575 Municipal Liquidity Facility LLC 4,373 4,373 5,391 9,764 TALF II LLC 1,482 1,470 3,043 4,513 Note: Components may not sum to totals because of rounding. 1. Book value. This amount was eliminated when preparing the Federal Reserve Banks’ statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 6. Loans are extended from the Federal Reserve Bank to the LLC upon settlement of the investment activity. 2. Outstanding amount of facility asset purchases: a. For the Corporate Credit Facilities LLC includes exchange traded-funds and corporate bonds at fair value. Asset balances from trading activity are reported on a one-day lag after the transaction date. b. For the MS Facilities LLC (Main Street Lending Program) includes loan participations at face value, net of an allowance for loan losses updated as of June 30, 2021. c. For the Municipal Liquidity Facility LLC includes municipal notes at book value. Asset balances from trading activity may be reported on a one-day lag after the transaction date. d. For the TALF II LLC includes loans to holders of eligible asset-backed securities at book value. 3. Includes short term receivables, interest and dividend receivables, and other assets of the facility. Also includes the portion of the Treasury contribution to the credit facilities, which is held as investments in nonmarketable Treasury securities and the residual portion which is held as cash and cash equivalents at the FRBNY. The amount of cash and cash equivalents held at the FRBNY are eliminated in consolidation and, as result, are excluded from net portfolio holdings in Tables 1, 5, and 6. Amounts excluded are approximately 15% of Treasury contributions to the credit facilities from the following consolidated LLCs: Corporate Credit Facilities LLC, Municipal Liquidity Facility LLC, and TALF II LLC. Refer to the note on consolidation accompanying table 6.

H.4.1 5. Consolidated Statement of Condition of All Federal Reserve Banks Millions of dollars Change since Eliminations from Wednesday Assets, liabilities, and capital Wednesday Wednesday consolidation Aug 11, 2021 Aug 4, 2021 Aug 12, 2020 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,250 - 3 - 263 Securities, unamortized premiums and discounts, repurchase agreements, and loans 8,111,359 + 24,618 +1,454,205 Securities held outright1 7,690,627 + 25,860 +1,434,639 U.S. Treasury securities 5,303,495 + 25,860 + 983,402 Bills2 326,044 0 0 Notes and bonds, nominal2 4,568,639 + 25,005 + 886,870 Notes and bonds, inflation-indexed2 350,142 0 + 74,435 Inflation compensation3 58,670 + 855 + 22,097 Federal agency debt securities2 2,347 0 0 Mortgage-backed securities4 2,384,785 0 + 451,237 Unamortized premiums on securities held outright5 353,035 + 247 + 30,073 Unamortized discounts on securities held outright5 -14,803 - 65 - 9,923 Repurchase agreements6 0 0 0 Loans7 82,500 - 1,425 - 584 Net portfolio holdings of Commercial Paper Funding Facility II LLC8 0 0 - 8,603 Net portfolio holdings of Corporate Credit Facilities LLC8 17,114 - 5,545 - 27,299 Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)8 30,575 + 8 - 7,159 Net portfolio holdings of Municipal Liquidity Facility LLC8 9,764 + 1 - 6,324 Net portfolio holdings of TALF II LLC8 4,513 0 - 5,611 Items in process of collection (0) 76 - 32 + 31 Bank premises 1,665 - 12 - 532 Central bank liquidity swaps9 492 + 14 - 99,290 Foreign currency denominated assets10 21,124 - 193 - 394 Other assets11 42,988 + 3,228 + 1,118 Total assets (0) 8,257,159 + 22,086 +1,299,882 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 Aug 11, 2021 Aug 4, 2021 Aug 12, 2020 Liabilities Federal Reserve notes, net of F.R. Bank holdings 2,139,815 + 698 + 182,431 Reverse repurchase agreements12 1,267,998 + 51,641 +1,049,652 Deposits (0) 4,758,820 - 30,045 + 140,793 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 4,127,290 + 81,397 +1,299,120 U.S. Treasury, General Account 389,747 - 116,124 -1,245,396 Foreign official 7,631 + 455 - 8,591 Other13 (0) 234,151 + 4,226 + 95,659 Deferred availability cash items (0) 231 + 27 - 103 Treasury contributions to credit facilities14 40,278 0 - 73,722 Other liabilities and accrued dividends15 10,282 - 273 - 17 Total liabilities (0) 8,217,425 + 22,049 +1,299,034 Capital accounts Capital paid in 32,949 + 37 + 887 Surplus 6,785 0 - 40 Other capital accounts 0 0 0 Total capital 39,734 + 37 + 847 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. 2. Face value of the securities. 3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities. 5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency debt securities, and mortgage-backed securities, amortization is on an effective-interest basis. 6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. 7. Loans includes primary, secondary, and seasonal loans and credit extended through the Primary Dealer Credit Facility, Money Market Mutual Fund Liquidity Facility, Paycheck Protection Program Liquidity Facility, and other credit extensions. 8. Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury contributions to the facility. Refer to note on consolidation below. 9. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 10. Revalued daily at current foreign currency exchange rates. 11. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable. 12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 13. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as fiscal agents of the United States. 14. Book value. Amount of equity investments in Corporate Credit Facilities LLC of $13.9 billion, MS Facilities LLC of $16.6 billion, Municipal Liquidity Facility LLC of $6.3 billion, and TALF II LLC of $3.5 billion. 15. Includes the liability for earnings remittances due to the U.S. Treasury.

H.4.1 6. Statement of Condition of Each Federal Reserve Bank, August 11, 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 1,250 18 23 115 59 180 114 234 16 31 87 147 227 Securities, unamortized premiums and discounts, repurchase agreements, and loans1 8,111,359 134,266 4,548,703 172,843 307,894 539,360 471,136 438,834 105,479 88,435 108,351 356,027 840,032 Net portfolio holdings of Corporate Credit Facilities LLC2 17,114 0 17,114 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)2 30,575 30,575 0 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Municipal Liquidity Facility LLC2 9,764 0 9,764 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of TALF II LLC2 4,513 0 4,513 0 0 0 0 0 0 0 0 0 0 Central bank liquidity swaps3 492 22 165 18 43 102 22 19 9 4 5 9 72 Foreign currency denominated assets4 21,124 959 7,101 758 1,826 4,396 955 828 402 180 229 381 3,111 Other assets5 44,729 837 23,837 1,044 1,694 3,264 2,753 2,469 742 544 910 2,079 4,556 Interdistrict settlement account 0+ 17,812- 430,082+ 13,519+ 24,022+ 27,514+ 59,887+ 102,407+ 16,430- 9,151+ 16,134+ 47,763 + 113,746 Total assets 8,257,159 185,020 4,186,561 188,820 336,289 576,004 537,055 545,927 123,552 80,315 126,171 407,626 963,819 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

H.4.1 6. Statement of Condition of Each Federal Reserve Bank, August 11, 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 2,139,815 68,096 692,225 63,628 103,067 155,299 306,050 126,143 57,964 32,891 53,839 196,350 284,262 Reverse repurchase agreements6 1,267,998 21,189 716,743 26,781 46,137 84,966 74,295 69,195 16,531 9,811 16,838 56,073 129,437 Deposits 4,758,820 79,234 2,733,911 96,592 183,149 326,523 154,180 348,362 48,068 37,018 54,782 153,743 543,259 Depository institutions 4,127,290 79,222 2,285,404 96,591 183,110 325,949 154,044 167,438 48,058 36,799 53,973 153,470 543,232 U.S. Treasury, General Account 389,747 0 389,747 0 0 0 0 0 0 0 0 0 0 Foreign official 7,631 2 7,605 1 3 8 2 2 1 0 0 1 6 Other7 234,151 10 51,155 0 36 566 134 180,922 9 219 808 272 20 Earnings remittances due to the U.S. Treasury8 2,936 32 1,770 54 98 153 173 156 36 16 29 132 285 Treasury contributions to credit facilities9 40,278 16,572 23,706 0 0 0 0 0 0 0 0 0 0 Other liabilities and accrued dividends 7,577 -1,870 4,900 265 330 893 589 530 210 354 247 389 740 Total liabilities 8,217,425 183,254 4,173,256 187,320 332,781 567,835 535,287 544,386 122,809 80,090 125,735 406,687 957,983 Capital Capital paid in 32,949 1,457 11,025 1,256 2,922 6,756 1,461 1,275 614 167 362 816 4,837 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 8,257,159 185,020 4,186,561 188,820 336,289 576,004 537,055 545,927 123,552 80,315 126,171 407,626 963,819 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

H.4.1 6. Statement of Condition of Each Federal Reserve Bank, August 11, 2021 (continued) 1. Securities include outright holdings of U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities, including securities lent to dealers under the overnight securities lending facility; refer to table 1A. Mortgage-backed securities are guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Unamortized premiums and discounts are the differences between the purchase price and the face value of the securities that have not been amortized. For U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities, amortization is on an effective-interest basis. Repurchase agreements reflect the cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. Loans includes primary, secondary, and seasonal loans and credit extended through the Primary Dealer Credit Facility, Paycheck Protection Program Liquidity Facility, and other credit extensions. 2. Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury contributions to the facility. Refer to note on consolidation below. 3. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 4. Revalued daily at current foreign currency exchange rates. 5. Includes items in process of collection, bank premises, accrued interest (which represents the daily accumulation of interest earned), and other accounts receivable. 6. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 7. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as fiscal agents of the United States. 8. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after providing for the costs of operations, payment of dividends, and the amount necessary to maintain each Federal Reserve Bank’s allotted surplus cap. 9. Book value. Amount of equity investments in Corporate Credit Facilities LLC of $13.9 billion, MS Facilities LLC of $16.6 billion, and Municipal Liquidity Facility LLC of $6.3 billion, and TALF II LLC of $3.5 billion. Note on consolidation: The Federal Reserve Bank of New York (FRBNY) and the Federal Reserve Bank of Boston (FRBB) have extended loans to limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On April 14, 2020, FRBNY began extending loans to the Commercial Paper Funding Facility II LLC (CPFF II LLC), a limited liability company formed to purchase three-month U.S dollardenominated commercial paper by eligible issuers. The assets of the CPFF II LLC and the amount provided by U.S. Treasury as credit protection to the FRBNY are used to secure the loan from the FRBNY. On May 12, 2020, FRBNY began extending loans to the Corporate Credit Facilities LLC (CCF LLC), a limited liability company formed to purchase eligible bonds or portions of syndicated loans or bonds at issuance through the Primary Market Corporate Credit Facility and to purchase eligible individual corporate bonds and exchange-traded funds through the Secondary Market Corporate Credit Facility. The assets of the CCF LLC and the amount provided by U.S. Treasury as credit protection to the FRBNY are used to secure the loan from the FRBNY. On June 5, 2020, FRBNY began extending loans to the Municipal Liquidity Facility LLC (MLF LLC), a limited liability company formed to purchase municipal notes from eligible issuers. The assets of the MLF LLC and the amount provided by U.S. Treasury as credit protection to the FRBNY are used to secure the loan from the FRBNY. On June 25, 2020, FRBNY began extending loans to the TALF II LLC, a special purpose vehicle that was formed to help support the flow of credit to consumers and businesses. The assets of the TALF II LLC and the amount provided by U.S. Treasury as credit protection to the FRBNY are used to secure the loan from the FRBNY. On July 15, 2020, the FRBB began extending loans to the MS Facilities LLC (Main Street Lending Program), a special purpose vehicle that was formed to help ensure credit flows to small and medium-sized businesses and to eligible nonprofits. The assets of the MS Facilities LLC and the amount provided by U.S. Treasury as credit protection to the FRBB are used to secure the loan from the FRBB. The FRBNY is the managing member of CPFF II LLC, CCF LLC, MLF LLC, and TALF II LLC. The FRBB is the managing member of MS Facilities LLC (Main Street Lending Program). Consistent with generally accepted accounting principles, the assets and liabilities of each LLC have been accounted for and consolidated with the assets and liabilities of the FRBNY or FRBB, in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the loan from the Reserve Bank to the LLC is eliminated as are any balances held at the FRBNY for LLCs consolidated to FRBNY or FRBB for LLCs consolidated to FRBB. Treasury contributions to credit facilities are held at FRBNY until invested. Net assets of the LLC appears as assets on table 6 (and in table 1 and table 5), and the liabilities of the LLC to entities other than the FRBNY or FRBB, including those with recourse only to the portfolio holdings of the LLC, are included in other liabilities in this table (and table 1 and table 5). The amount provided by U.S. Treasury as credit protection to FRBNY and FRBB appears as liabilities on table 6 (and in table 1 and table 5).

H.4.1 7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents’ Accounts Millions of dollars Wednesday Federal Reserve notes and collateral Aug 11, 2021 Federal Reserve notes outstanding 2,360,255 Less: Notes held by F.R. Banks not subject to collateralization 220,440 Federal Reserve notes to be collateralized 2,139,815 Collateral held against Federal Reserve notes 2,139,815 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 2,123,579 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 7,690,627 Less: Face value of securities under reverse repurchase agreements 1,200,452 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 6,490,175 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.