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 October 14, 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 Oct 13, 2021 Federal Reserve Banks Oct 13, 2021 Oct 6, 2021 Oct 14, 2020 Reserve Bank credit 8,432,095 + 16,107 +1,386,724 8,442,556 Securities held outright1 7,952,726 + 15,744 +1,481,652 7,963,030 U.S. Treasury securities 5,455,626 + 15,730 + 978,868 5,465,924 Bills2 326,044 0 0 326,044 Notes and bonds, nominal2 4,697,112 + 14,116 + 878,028 4,707,171 Notes and bonds, inflation-indexed2 367,470 + 1,315 + 76,654 367,642 Inflation compensation3 65,000 + 299 + 24,186 65,067 Federal agency debt securities2 2,347 0 0 2,347 Mortgage-backed securities4 2,494,753 + 14 + 502,784 2,494,759 Unamortized premiums on securities held outright5 354,662 - 125 + 19,685 354,617 Unamortized discounts on securities held outright5 -15,880 - 89 - 11,245 -15,877 Repurchase agreements6 0 0 - 1,000 0 Foreign official 0 0 - 1,000 0 Others 0 0 0 0 Loans 56,280 - 2,864 - 18,478 55,436 Primary credit 364 - 55 - 2,255 418 Secondary credit 0 0 0 0 Seasonal credit 19 - 7 - 7 18 Primary Dealer Credit Facility 0 0 - 193 0 Money Market Mutual Fund Liquidity Facility 0 0 - 6,137 0 Paycheck Protection Program Liquidity Facility 55,896 - 2,804 - 9,887 55,000 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility II LLC7 0 0 - 8,581 0 Net portfolio holdings of Corporate Credit Facilities LLC7 515 0 - 44,706 515 Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)7 30,458 + 7 - 9,825 30,465 Net portfolio holdings of Municipal Liquidity Facility LLC7 9,777 + 1 - 6,771 9,779 Net portfolio holdings of TALF II LLC7 4,495 0 - 7,221 4,495 Float -127 + 70 + 119 -115 Central bank liquidity swaps8 324 - 4 - 7,808 333 Other Federal Reserve assets9 38,864 + 3,365 + 902 39,878 Foreign currency denominated assets10 20,782 - 144 - 839 20,709 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding11 50,852 + 14 + 464 50,852 Total factors supplying reserve funds 8,519,970 + 15,977 +1,386,349 8,530,358 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 Oct 13, 2021 Federal Reserve Banks Oct 13, 2021 Oct 6, 2021 Oct 14, 2020 Currency in circulation11 2,203,633 + 5,167 + 162,592 2,204,830 Reverse repurchase agreements12 1,663,339 - 63,020 +1,473,199 1,657,622 Foreign official and international accounts 292,561 + 1,114 + 102,451 292,921 Others 1,370,778 - 64,134 +1,370,748 1,364,701 Treasury cash holdings 50 - 1 + 23 59 Deposits with F.R. Banks, other than reserve balances 382,962 + 7,845 -1,491,214 388,677 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 77,858 - 57,724 -1,603,140 72,460 Foreign official 5,264 - 236 - 13,638 5,264 Other13 299,840 + 65,805 + 125,563 310,954 Treasury contributions to credit facilities14 26,397 0 - 87,603 26,397 Other liabilities and capital15 49,085 + 1,531 - 3,223 48,263 Total factors, other than reserve balances, absorbing reserve funds 4,325,467 - 48,476 + 53,775 4,325,849 Reserve balances with Federal Reserve Banks 4,194,503 + 64,453 +1,332,574 4,204,509 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 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 Oct 13, 2021 Oct 13, 2021 Oct 6, 2021 Oct 14, 2020 Securities held in custody for foreign official and international accounts 3,482,919 + 4,933 + 72,419 3,481,002 Marketable U.S. Treasury securities1 3,066,155 + 4,795 + 87,404 3,064,615 Federal agency debt and mortgage-backed securities2 325,496 - 174 - 20,194 325,117 Other securities3 91,268 + 313 + 5,209 91,269 Securities lent to dealers 41,404 + 499 + 13,071 44,571 Overnight facility4 41,404 + 499 + 13,071 44,571 U.S. Treasury securities 41,404 + 499 + 13,071 44,571 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, October 13, 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 196 240 3,605 51,395 0 ... 55,436 U.S. Treasury securities2 Holdings 57,950 319,321 706,046 2,096,802 995,154 1,290,652 5,465,924 Weekly changes - 6,732 + 1,095 + 6,618 + 11,501 + 891 + 3,274 + 16,647 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 23 1,767 64,633 2,428,335 2,494,759 Weekly changes 0 0 0 0 0 + 10 + 10 Loan participations held by MS Facilities LLC (Main Street Lending Program)5 0 0 0 15,911 ... ... 15,911 Municipal notes held by Municipal Liquidity Facility LLC6 0 0 0 4,373 ... ... 4,373 Loans held by TALF II LLC7 0 0 0 1,456 ... ... 1,456 Repurchase agreements8 0 0 ... ... ... ... 0 Central bank liquidity swaps9 233 100 0 0 0 0 333 Reverse repurchase agreements8 1,657,622 0 ... ... ... ... 1,657,622 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 Paycheck Protection Program Liquidity Facility and other credit extensions. Loans exclude the loans from the Federal Reserve Bank of New York (FRBNY) to 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 Oct 13, 2021 Mortgage-backed securities held outright1 2,494,759 Residential mortgage-backed securities 2,485,212 Commercial mortgage-backed securities 9,547 Commitments to buy mortgage-backed securities2 145,061 Commitments to sell mortgage-backed securities2 0 Cash and cash equivalents3 11 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 Oct 13, 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 0 515 515 MS Facilities LLC (Main Street Lending Program) 15,920 13,373 17,092 30,465 Municipal Liquidity Facility LLC 4,373 4,373 5,406 9,779 TALF II LLC 1,462 1,456 3,039 4,495 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. 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 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 Oct 13, 2021 Oct 6, 2021 Oct 14, 2020 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,200 - 8 - 283 Securities, unamortized premiums and discounts, repurchase agreements, and loans 8,357,206 + 13,789 +1,414,401 Securities held outright1 7,963,030 + 16,657 +1,428,866 U.S. Treasury securities 5,465,924 + 16,647 + 980,946 Bills2 326,044 0 0 Notes and bonds, nominal2 4,707,171 + 15,203 + 880,315 Notes and bonds, inflation-indexed2 367,642 + 1,201 + 76,483 Inflation compensation3 65,067 + 243 + 24,148 Federal agency debt securities2 2,347 0 0 Mortgage-backed securities4 2,494,759 + 10 + 447,920 Unamortized premiums on securities held outright5 354,617 - 190 + 17,049 Unamortized discounts on securities held outright5 -15,877 + 14 - 11,280 Repurchase agreements6 0 0 - 1,000 Loans7 55,436 - 2,692 - 19,234 Net portfolio holdings of Commercial Paper Funding Facility II LLC8 0 0 - 8,559 Net portfolio holdings of Corporate Credit Facilities LLC8 515 0 - 44,785 Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)8 30,465 + 8 - 10,082 Net portfolio holdings of Municipal Liquidity Facility LLC8 9,779 + 2 - 6,770 Net portfolio holdings of TALF II LLC8 4,495 0 - 7,221 Items in process of collection (0) 125 + 69 + 24 Bank premises 1,547 + 8 - 647 Central bank liquidity swaps9 333 + 5 - 7,145 Foreign currency denominated assets10 20,709 - 137 - 905 Other assets11 38,332 + 3,175 + 1,489 Total assets (0) 8,480,942 + 16,910 +1,329,516 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 Oct 13, 2021 Oct 6, 2021 Oct 14, 2020 Liabilities Federal Reserve notes, net of F.R. Bank holdings 2,155,233 + 3,735 + 161,381 Reverse repurchase agreements12 1,657,622 - 80,168 +1,461,794 Deposits (0) 4,593,187 + 92,701 - 198,254 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 4,204,510 + 36,966 +1,296,776 U.S. Treasury, General Account 72,460 - 23,394 -1,575,477 Foreign official 5,264 - 1,199 - 13,638 Other13 (0) 310,954 + 80,330 + 94,086 Deferred availability cash items (0) 240 + 68 - 363 Treasury contributions to credit facilities14 26,397 0 - 87,603 Other liabilities and accrued dividends15 8,401 + 564 - 8,078 Total liabilities (0) 8,441,079 + 16,899 +1,328,875 Capital accounts Capital paid in 33,078 + 11 + 681 Surplus 6,785 0 - 40 Other capital accounts 0 0 0 Total capital 39,863 + 11 + 641 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 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, October 13, 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 1,200 15 21 115 48 174 106 230 16 28 87 141 218 Securities, unamortized premiums and discounts, repurchase agreements, and loans1 8,357,206 138,766 4,699,905 175,525 314,043 557,160 486,786 453,456 108,847 82,294 110,972 367,661 861,790 Net portfolio holdings of Corporate Credit Facilities LLC2 515 0 515 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)2 30,465 30,465 0 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Municipal Liquidity Facility LLC2 9,779 0 9,779 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of TALF II LLC2 4,495 0 4,495 0 0 0 0 0 0 0 0 0 0 Central bank liquidity swaps3 333 15 112 12 29 69 15 13 6 3 4 6 49 Foreign currency denominated assets4 20,709 940 6,961 744 1,790 4,309 937 811 394 176 224 373 3,050 Other assets5 40,003 761 21,150 941 1,521 2,944 2,519 2,211 661 508 836 1,870 4,081 Interdistrict settlement account 0+ 26,402- 545,683+ 17,498+ 64,841+ 31,300+ 64,443+ 118,312+ 25,538- 1,747+ 19,201+ 62,084 + 117,811 Total assets 8,480,942 197,895 4,202,676 195,358 383,023 597,144 556,994 576,170 135,937 81,535 131,779 433,355 989,074 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, October 13, 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 2,155,233 71,167 689,908 61,473 103,558 154,556 314,375 120,913 64,170 32,981 55,139 196,174 290,819 Reverse repurchase agreements6 1,657,622 27,700 936,981 35,010 60,314 111,074 97,124 90,457 21,611 12,826 22,012 73,303 169,210 Deposits 4,593,187 82,491 2,546,804 97,108 214,920 322,397 143,257 362,727 49,198 35,309 53,966 162,570 522,438 Depository institutions 4,204,510 82,470 2,350,271 97,107 214,842 321,601 143,124 173,186 49,191 35,125 52,888 162,338 522,367 U.S. Treasury, General Account 72,460 0 72,460 0 0 0 0 0 0 0 0 0 0 Foreign official 5,264 2 5,237 1 3 8 2 2 1 0 0 1 6 Other7 310,954 20 118,837 0 74 788 131 189,540 6 184 1,077 232 66 Earnings remittances due to the U.S. Treasury8 2,406 35 1,428 46 74 132 146 128 28 14 28 109 236 Treasury contributions to credit facilities9 26,397 16,572 9,825 0 0 0 0 0 0 0 0 0 0 Other liabilities and accrued dividends 6,235 -1,837 4,388 221 262 782 628 403 188 177 213 290 519 Total liabilities 8,441,079 196,129 4,189,334 193,859 379,128 588,941 555,530 574,629 135,195 81,308 131,358 432,447 983,224 Capital Capital paid in 33,078 1,458 11,062 1,256 3,309 6,790 1,158 1,275 613 170 348 786 4,851 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 8,480,942 197,895 4,202,676 195,358 383,023 597,144 556,994 576,170 135,937 81,535 131,779 433,355 989,074 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, October 13, 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 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 MS Facilities LLC of $16.6 billion, 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 Oct 13, 2021 Federal Reserve notes outstanding 2,402,146 Less: Notes held by F.R. Banks not subject to collateralization 246,913 Federal Reserve notes to be collateralized 2,155,233 Collateral held against Federal Reserve notes 2,155,233 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 2,138,996 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 7,963,030 Less: Face value of securities under reverse repurchase agreements 1,601,261 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 6,361,769 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.