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 September 16, 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 Sep 15, 2021 Federal Reserve Banks Sep 15, 2021 Sep 8, 2021 Sep 16, 2020 Reserve Bank credit 8,352,036 + 35,148 +1,360,603 8,409,864 Securities held outright1 7,847,759 + 36,233 +1,467,356 7,908,375 U.S. Treasury securities 5,384,611 + 13,500 + 981,852 5,391,872 Bills2 326,044 0 0 326,044 Notes and bonds, nominal2 4,636,160 + 10,803 + 882,312 4,643,247 Notes and bonds, inflation-indexed2 359,552 + 2,001 + 75,692 359,552 Inflation compensation3 62,856 + 697 + 23,849 63,030 Federal agency debt securities2 2,347 0 0 2,347 Mortgage-backed securities4 2,460,801 + 22,733 + 485,503 2,514,156 Unamortized premiums on securities held outright5 354,522 + 519 + 24,318 355,731 Unamortized discounts on securities held outright5 -15,577 + 7 - 10,654 -15,565 Repurchase agreements6 0 0 0 0 Foreign official 0 0 0 0 Others 0 0 0 0 Loans 71,600 - 2,376 - 6,477 70,174 Primary credit 274 + 24 - 2,521 243 Secondary credit 0 0 0 0 Seasonal credit 25 0 - 6 25 Primary Dealer Credit Facility 0 0 - 247 0 Money Market Mutual Fund Liquidity Facility 0 0 - 7,653 0 Paycheck Protection Program Liquidity Facility 71,301 - 2,400 + 3,950 69,906 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 15,056 - 2,061 - 29,796 12,308 Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)7 30,541 - 11 - 8,380 30,437 Net portfolio holdings of Municipal Liquidity Facility LLC7 9,771 + 2 - 6,772 9,772 Net portfolio holdings of TALF II LLC7 4,512 + 1 - 6,675 4,512 Float -122 - 3 + 127 -122 Central bank liquidity swaps8 329 0 - 54,490 329 Other Federal Reserve assets9 33,645 + 2,836 + 636 33,912 Foreign currency denominated assets10 21,261 - 60 - 393 21,282 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding11 50,866 + 14 + 530 50,866 Total factors supplying reserve funds 8,440,404 + 35,102 +1,360,739 8,498,252 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 Sep 15, 2021 Federal Reserve Banks Sep 15, 2021 Sep 8, 2021 Sep 16, 2020 Currency in circulation11 2,197,512 + 1,262 + 168,434 2,197,149 Reverse repurchase agreements12 1,400,860 + 26,840 +1,200,674 1,375,676 Foreign official and international accounts 294,666 + 788 + 94,490 294,334 Others 1,106,194 + 26,053 +1,106,184 1,081,342 Treasury cash holdings 47 + 5 - 3 55 Deposits with F.R. Banks, other than reserve balances 479,227 - 14,112 -1,320,157 592,069 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 230,328 - 23,168 -1,384,527 344,668 Foreign official 6,621 + 464 - 10,602 5,265 Other13 242,278 + 8,592 + 74,971 242,136 Treasury contributions to credit facilities14 40,278 0 - 73,722 40,278 Other liabilities and capital15 51,295 + 429 - 259 48,347 Total factors, other than reserve balances, absorbing reserve funds 4,169,220 + 14,425 - 25,033 4,253,575 Reserve balances with Federal Reserve Banks 4,271,184 + 20,678 +1,385,772 4,244,677 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 Sep 15, 2021 Sep 15, 2021 Sep 8, 2021 Sep 16, 2020 Securities held in custody for foreign official and international accounts 3,470,705 - 211 + 63,997 3,474,795 Marketable U.S. Treasury securities1 3,046,750 + 332 + 80,502 3,051,705 Federal agency debt and mortgage-backed securities2 332,037 - 199 - 22,121 331,858 Other securities3 91,918 - 344 + 5,616 91,232 Securities lent to dealers 30,775 - 691 + 3,656 27,343 Overnight facility4 30,775 - 691 + 3,656 27,343 U.S. Treasury securities 30,775 - 691 + 3,656 27,343 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, September 15, 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 119 150 5,642 64,264 0 ... 70,174 U.S. Treasury securities2 Holdings 68,069 287,834 712,400 2,057,960 990,494 1,275,116 5,391,872 Weekly changes + 15,622 - 32,000 + 13,295 + 8,540 + 8,996 + 4,679 + 19,131 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 21 1,741 64,930 2,447,463 2,514,156 Weekly changes 0 0 0 - 9 - 636 + 76,732 + 76,088 Loan participations held by MS Facilities LLC (Main Street Lending Program)5 0 0 0 16,023 ... ... 16,023 Municipal notes held by Municipal Liquidity Facility LLC6 0 0 0 4,373 ... ... 4,373 Loans held by TALF II LLC7 0 0 0 1,460 ... ... 1,460 Repurchase agreements8 0 0 ... ... ... ... 0 Central bank liquidity swaps9 229 100 0 0 0 0 329 Reverse repurchase agreements8 1,375,676 0 ... ... ... ... 1,375,676 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 Sep 15, 2021 Mortgage-backed securities held outright1 2,514,156 Residential mortgage-backed securities 2,504,531 Commercial mortgage-backed securities 9,625 Commitments to buy mortgage-backed securities2 88,590 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 Sep 15, 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 0 0 12,308 12,308 MS Facilities LLC (Main Street Lending Program) 15,920 13,478 16,959 30,437 Municipal Liquidity Facility LLC 4,373 4,373 5,399 9,772 TALF II LLC 1,480 1,460 3,052 4,512 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 Sep 15, 2021 Sep 8, 2021 Sep 16, 2020 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,209 - 5 - 258 Securities, unamortized premiums and discounts, repurchase agreements, and loans 8,318,716 + 94,197 +1,499,420 Securities held outright1 7,908,375 + 95,219 +1,493,988 U.S. Treasury securities 5,391,872 + 19,131 + 984,867 Bills2 326,044 0 0 Notes and bonds, nominal2 4,643,247 + 16,403 + 887,552 Notes and bonds, inflation-indexed2 359,552 + 2,001 + 73,634 Inflation compensation3 63,030 + 727 + 23,682 Federal agency debt securities2 2,347 0 0 Mortgage-backed securities4 2,514,156 + 76,088 + 509,121 Unamortized premiums on securities held outright5 355,731 + 1,753 + 23,864 Unamortized discounts on securities held outright5 -15,565 + 18 - 10,659 Repurchase agreements6 0 0 0 Loans7 70,174 - 2,794 - 7,774 Net portfolio holdings of Commercial Paper Funding Facility II LLC8 0 0 - 8,588 Net portfolio holdings of Corporate Credit Facilities LLC8 12,308 - 4,809 - 32,615 Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)8 30,437 - 121 - 8,522 Net portfolio holdings of Municipal Liquidity Facility LLC8 9,772 + 1 - 6,772 Net portfolio holdings of TALF II LLC8 4,512 0 - 6,918 Items in process of collection (0) 57 - 23 - 4 Bank premises 1,590 + 8 - 601 Central bank liquidity swaps9 329 0 - 51,945 Foreign currency denominated assets10 21,282 + 62 - 434 Other assets11 32,321 + 2,144 + 1,533 Total assets (0) 8,448,770 + 91,456 +1,384,295 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 Sep 15, 2021 Sep 8, 2021 Sep 16, 2020 Liabilities Federal Reserve notes, net of F.R. Bank holdings 2,147,543 - 1,422 + 167,238 Reverse repurchase agreements12 1,375,676 - 34,862 +1,177,194 Deposits (0) 4,836,747 + 128,628 + 113,514 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 4,244,677 - 14,926 +1,375,366 U.S. Treasury, General Account 344,668 + 143,966 -1,348,141 Foreign official 5,265 - 2,171 - 13,601 Other13 (0) 242,136 + 1,759 + 99,889 Deferred availability cash items (0) 179 - 47 - 95 Treasury contributions to credit facilities14 40,278 0 - 73,722 Other liabilities and accrued dividends15 8,484 - 818 - 597 Total liabilities (0) 8,408,907 + 91,479 +1,383,532 Capital accounts Capital paid in 33,078 - 23 + 803 Surplus 6,785 0 - 40 Other capital accounts 0 0 0 Total capital 39,863 - 23 + 763 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, September 15, 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 1,209 16 23 114 51 178 111 229 14 29 86 142 216 Securities, unamortized premiums and discounts, repurchase agreements, and loans1 8,318,716 137,890 4,670,937 176,447 314,912 553,767 483,831 450,651 108,220 87,233 110,769 365,517 858,544 Net portfolio holdings of Corporate Credit Facilities LLC2 12,308 0 12,308 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)2 30,437 30,437 0 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Municipal Liquidity Facility LLC2 9,772 0 9,772 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of TALF II LLC2 4,512 0 4,512 0 0 0 0 0 0 0 0 0 0 Central bank liquidity swaps3 329 15 111 12 28 68 15 13 6 3 4 6 48 Foreign currency denominated assets4 21,282 966 7,153 764 1,840 4,429 963 834 405 181 230 383 3,134 Other assets5 33,969 655 17,704 817 1,299 2,536 2,096 1,880 764 420 748 1,598 3,453 Interdistrict settlement account 0+ 32,391- 475,336+ 9,851+ 34,700+ 28,135+ 58,749+ 111,176+ 18,013- 4,661+ 17,989+ 54,493 + 114,500 Total assets 8,448,770 202,900 4,252,606 188,527 353,583 590,299 547,953 565,918 127,896 83,477 130,280 423,360 981,971 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, September 15, 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 2,147,543 71,103 688,643 62,610 103,258 154,948 311,040 124,964 59,510 33,115 55,912 196,982 285,458 Reverse repurchase agreements6 1,375,676 22,989 777,609 29,055 50,055 92,181 80,604 75,071 17,935 10,644 18,268 60,835 140,429 Deposits 4,836,747 92,284 2,744,135 95,055 196,266 333,973 153,851 363,711 49,476 39,151 55,404 164,158 549,282 Depository institutions 4,244,677 92,258 2,342,926 95,054 196,218 333,347 153,711 174,615 49,459 38,901 54,961 163,973 549,255 U.S. Treasury, General Account 344,668 0 344,668 0 0 0 0 0 0 0 0 0 0 Foreign official 5,265 2 5,238 1 3 8 2 2 1 0 0 1 6 Other7 242,136 24 51,302 0 44 617 138 189,095 17 250 443 184 21 Earnings remittances due to the U.S. Treasury8 2,566 28 1,443 51 99 235 148 133 21 15 22 110 260 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 6,097 -1,841 3,731 256 315 761 540 498 208 324 236 366 703 Total liabilities 8,408,907 201,135 4,239,268 187,027 349,993 582,099 546,183 564,377 127,151 83,249 129,842 422,451 976,132 Capital Capital paid in 33,078 1,458 11,058 1,256 3,004 6,789 1,463 1,275 617 170 364 786 4,839 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 8,448,770 202,900 4,252,606 188,527 353,583 590,299 547,953 565,918 127,896 83,477 130,280 423,360 981,971 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, September 15, 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 Sep 15, 2021 Federal Reserve notes outstanding 2,383,066 Less: Notes held by F.R. Banks not subject to collateralization 235,523 Federal Reserve notes to be collateralized 2,147,543 Collateral held against Federal Reserve notes 2,147,543 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 2,131,306 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 7,908,375 Less: Face value of securities under reverse repurchase agreements 1,307,463 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 6,600,912 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.