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 26, 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 25, 2021 Federal Reserve Banks Aug 25, 2021 Aug 18, 2021 Aug 26, 2020 Reserve Bank credit 8,323,904 + 25,782 +1,348,589 8,293,870 Securities held outright1 7,812,573 + 37,063 +1,479,245 7,786,785 U.S. Treasury securities 5,339,834 + 25,984 + 986,598 5,346,372 Bills2 326,044 0 0 326,044 Notes and bonds, nominal2 4,599,758 + 23,403 + 886,770 4,604,044 Notes and bonds, inflation-indexed2 353,630 + 1,602 + 76,724 355,345 Inflation compensation3 60,403 + 980 + 23,105 60,939 Federal agency debt securities2 2,347 0 0 2,347 Mortgage-backed securities4 2,470,391 + 11,078 + 492,646 2,438,067 Unamortized premiums on securities held outright5 354,872 + 40 + 28,266 354,033 Unamortized discounts on securities held outright5 -15,220 - 265 - 10,213 -15,213 Repurchase agreements6 0 0 0 0 Foreign official 0 0 0 0 Others 0 0 0 0 Loans 79,568 - 2,071 - 1,995 78,094 Primary credit 360 + 67 - 2,282 278 Secondary credit 0 0 0 0 Seasonal credit 28 + 5 - 12 28 Primary Dealer Credit Facility 0 0 - 532 0 Money Market Mutual Fund Liquidity Facility 0 0 - 10,427 0 Paycheck Protection Program Liquidity Facility 79,180 - 2,143 + 11,259 77,788 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility II LLC7 0 0 - 8,588 0 Net portfolio holdings of Corporate Credit Facilities LLC7 17,116 + 2 - 27,426 17,116 Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)7 30,535 - 21 - 7,663 30,543 Net portfolio holdings of Municipal Liquidity Facility LLC7 9,766 + 1 - 6,387 9,768 Net portfolio holdings of TALF II LLC7 4,513 0 - 6,258 4,514 Float -128 - 8 + 77 -133 Central bank liquidity swaps8 347 - 150 - 91,793 326 Other Federal Reserve assets9 29,960 - 8,812 + 1,321 28,038 Foreign currency denominated assets10 21,150 - 52 - 445 21,179 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding11 50,824 + 14 + 525 50,824 Total factors supplying reserve funds 8,412,119 + 25,744 +1,348,669 8,382,114 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 25, 2021 Federal Reserve Banks Aug 25, 2021 Aug 18, 2021 Aug 26, 2020 Currency in circulation11 2,187,318 - 646 + 176,327 2,188,700 Reverse repurchase agreements12 1,386,246 + 56,586 +1,172,990 1,405,110 Foreign official and international accounts 263,649 - 2,340 + 50,417 258,021 Others 1,122,597 + 58,927 +1,122,573 1,147,089 Treasury cash holdings 52 + 4 - 8 43 Deposits with F.R. Banks, other than reserve balances 581,178 - 9,665 -1,280,021 497,782 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 301,430 - 37,378 -1,321,260 258,200 Foreign official 7,387 - 366 - 9,225 8,324 Other13 272,361 + 28,079 + 50,463 231,258 Treasury contributions to credit facilities14 40,278 0 - 73,722 40,278 Other liabilities and capital15 49,299 - 1,571 + 1,150 46,725 Total factors, other than reserve balances, absorbing reserve funds 4,244,371 + 44,707 - 3,285 4,178,639 Reserve balances with Federal Reserve Banks 4,167,748 - 18,963 +1,351,954 4,203,475 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 25, 2021 Aug 25, 2021 Aug 18, 2021 Aug 26, 2020 Securities held in custody for foreign official and international accounts 3,501,608 - 585 + 88,280 3,487,788 Marketable U.S. Treasury securities1 3,067,747 - 287 + 95,579 3,063,316 Federal agency debt and mortgage-backed securities2 341,628 - 166 - 13,537 332,338 Other securities3 92,233 - 132 + 6,238 92,134 Securities lent to dealers 30,649 + 136 + 4,239 28,838 Overnight facility4 30,649 + 136 + 4,239 28,838 U.S. Treasury securities 30,649 + 136 + 4,239 28,838 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 25, 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 103 203 8,613 69,174 0 ... 78,094 U.S. Treasury securities2 Holdings 79,378 297,972 696,821 2,033,296 981,487 1,257,417 5,346,372 Weekly changes - 413 + 457 + 24 + 12,051 + 8,379 + 2,223 + 22,721 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 16 1,723 62,739 2,373,589 2,438,067 Weekly changes 0 0 - 2 - 89 - 991 - 26,489 - 27,571 Loan participations held by MS Facilities LLC (Main Street Lending Program)5 0 0 0 16,064 ... ... 16,064 Municipal notes held by Municipal Liquidity Facility LLC6 0 0 0 4,373 ... ... 4,373 Loans held by TALF II LLC7 0 0 0 1,461 ... ... 1,461 Repurchase agreements8 0 0 ... ... ... ... 0 Central bank liquidity swaps9 221 105 0 0 0 0 326 Reverse repurchase agreements8 1,405,110 0 ... ... ... ... 1,405,110 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 25, 2021 Mortgage-backed securities held outright1 2,438,067 Residential mortgage-backed securities 2,428,442 Commercial mortgage-backed securities 9,625 Commitments to buy mortgage-backed securities2 108,398 Commitments to sell mortgage-backed securities2 0 Cash and cash equivalents3 16 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 25, 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 4,803 781 16,335 17,116 MS Facilities LLC (Main Street Lending Program) 16,050 13,519 17,024 30,543 Municipal Liquidity Facility LLC 4,373 4,373 5,394 9,768 TALF II LLC 1,482 1,461 3,053 4,514 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 25, 2021 Aug 18, 2021 Aug 26, 2020 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,239 0 - 251 Securities, unamortized premiums and discounts, repurchase agreements, and loans 8,203,699 - 8,493 +1,491,379 Securities held outright1 7,786,785 - 4,851 +1,476,651 U.S. Treasury securities 5,346,372 + 22,721 + 987,813 Bills2 326,044 0 0 Notes and bonds, nominal2 4,604,044 + 19,602 + 885,875 Notes and bonds, inflation-indexed2 355,345 + 2,001 + 78,439 Inflation compensation3 60,939 + 1,118 + 23,499 Federal agency debt securities2 2,347 0 0 Mortgage-backed securities4 2,438,067 - 27,571 + 488,839 Unamortized premiums on securities held outright5 354,033 - 907 + 27,963 Unamortized discounts on securities held outright5 -15,213 - 22 - 10,224 Repurchase agreements6 0 0 0 Loans7 78,094 - 2,714 - 3,011 Net portfolio holdings of Commercial Paper Funding Facility II LLC8 0 0 - 8,588 Net portfolio holdings of Corporate Credit Facilities LLC8 17,116 0 - 27,488 Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)8 30,543 + 9 - 7,828 Net portfolio holdings of Municipal Liquidity Facility LLC8 9,768 + 2 - 6,773 Net portfolio holdings of TALF II LLC8 4,514 + 1 - 6,257 Items in process of collection (0) 82 + 12 + 37 Bank premises 1,592 - 71 - 605 Central bank liquidity swaps9 326 - 162 - 91,814 Foreign currency denominated assets10 21,179 + 51 - 415 Other assets11 26,449 - 1,203 + 928 Total assets (0) 8,332,743 - 9,855 +1,342,325 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 25, 2021 Aug 18, 2021 Aug 26, 2020 Liabilities Federal Reserve notes, net of F.R. Bank holdings 2,139,155 + 587 + 174,042 Reverse repurchase agreements12 1,405,110 + 19,709 +1,192,035 Deposits (0) 4,701,260 - 28,525 + 49,053 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 4,203,478 + 41,313 +1,328,078 U.S. Treasury, General Account 258,200 - 55,451 -1,349,249 Foreign official 8,324 + 1,092 - 8,290 Other13 (0) 231,258 - 15,479 + 78,515 Deferred availability cash items (0) 215 + 16 - 156 Treasury contributions to credit facilities14 40,278 0 - 73,722 Other liabilities and accrued dividends15 6,960 - 1,666 + 238 Total liabilities (0) 8,292,978 - 9,878 +1,341,491 Capital accounts Capital paid in 32,980 + 23 + 874 Surplus 6,785 0 - 40 Other capital accounts 0 0 0 Total capital 39,765 + 23 + 834 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 25, 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 1,239 16 22 115 56 180 114 234 15 30 87 145 225 Securities, unamortized premiums and discounts, repurchase agreements, and loans1 8,203,699 135,858 4,602,615 174,725 311,212 545,735 476,704 444,069 106,696 87,640 109,440 360,228 848,775 Net portfolio holdings of Corporate Credit Facilities LLC2 17,116 0 17,116 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)2 30,543 30,543 0 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Municipal Liquidity Facility LLC2 9,768 0 9,768 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of TALF II LLC2 4,514 0 4,514 0 0 0 0 0 0 0 0 0 0 Central bank liquidity swaps3 326 15 110 12 28 68 15 13 6 3 4 6 48 Foreign currency denominated assets4 21,179 961 7,119 760 1,831 4,407 958 830 403 180 229 382 3,119 Other assets5 28,123 556 14,389 693 1,080 2,141 1,779 1,564 676 384 661 1,339 2,862 Interdistrict settlement account 0+ 29,074- 505,434+ 14,723+ 30,258+ 50,575+ 65,107+ 113,190+ 17,876- 5,773+ 21,375+ 55,094 + 113,935 Total assets 8,332,743 197,555 4,155,640 191,550 345,217 604,293 546,865 561,036 126,147 82,735 132,251 418,415 971,039 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 25, 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 2,139,155 69,603 690,065 63,362 102,628 154,887 308,386 125,080 58,241 32,995 55,419 195,844 282,643 Reverse repurchase agreements6 1,405,110 23,481 794,247 29,677 51,126 94,154 82,328 76,677 18,319 10,872 18,659 62,136 143,434 Deposits 4,701,260 87,971 2,630,221 96,721 187,576 346,237 153,704 357,125 48,616 38,297 57,486 159,053 538,255 Depository institutions 4,203,478 87,959 2,317,509 96,720 187,498 345,544 152,215 175,444 48,595 38,014 57,056 158,838 538,086 U.S. Treasury, General Account 258,200 0 258,200 0 0 0 0 0 0 0 0 0 0 Foreign official 8,324 2 8,298 1 3 8 2 2 1 0 0 1 6 Other7 231,258 10 46,214 0 74 684 1,487 181,679 20 283 429 214 163 Earnings remittances due to the U.S. Treasury8 1,237 15 728 24 45 81 74 54 14 8 14 55 126 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 5,937 -1,853 3,337 267 333 767 603 559 213 339 238 388 747 Total liabilities 8,292,978 195,790 4,142,303 190,051 341,708 596,125 545,096 559,495 125,404 82,510 131,816 417,476 965,205 Capital Capital paid in 32,980 1,457 11,056 1,256 2,922 6,756 1,462 1,275 614 167 362 817 4,835 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 8,332,743 197,555 4,155,640 191,550 345,217 604,293 546,865 561,036 126,147 82,735 132,251 418,415 971,039 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 25, 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 25, 2021 Federal Reserve notes outstanding 2,371,065 Less: Notes held by F.R. Banks not subject to collateralization 231,910 Federal Reserve notes to be collateralized 2,139,155 Collateral held against Federal Reserve notes 2,139,155 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 2,122,918 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 7,786,785 Less: Face value of securities under reverse repurchase agreements 1,329,728 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 6,457,058 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.