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 21, 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 20, 2021 Federal Reserve Banks Oct 20, 2021 Oct 13, 2021 Oct 21, 2020 Reserve Bank credit 8,517,409 + 85,314 +1,406,544 8,526,584 Securities held outright1 8,038,175 + 85,449 +1,504,725 8,048,546 U.S. Treasury securities 5,481,186 + 25,560 + 985,582 5,499,267 Bills2 326,044 0 0 326,044 Notes and bonds, nominal2 4,721,971 + 24,859 + 888,276 4,737,972 Notes and bonds, inflation-indexed2 367,928 + 458 + 73,510 369,643 Inflation compensation3 65,244 + 244 + 23,797 65,609 Federal agency debt securities2 2,347 0 0 2,347 Mortgage-backed securities4 2,554,642 + 59,889 + 519,143 2,546,932 Unamortized premiums on securities held outright5 355,806 + 1,144 + 18,078 355,662 Unamortized discounts on securities held outright5 -16,005 - 125 - 11,382 -16,058 Repurchase agreements6 0 0 - 1,000 0 Foreign official 0 0 - 1,000 0 Others 0 0 0 0 Loans 53,694 - 2,586 - 20,456 52,761 Primary credit 470 + 106 - 2,334 606 Secondary credit 0 0 0 0 Seasonal credit 14 - 5 + 5 11 Primary Dealer Credit Facility 0 0 - 193 0 Money Market Mutual Fund Liquidity Facility 0 0 - 6,019 0 Paycheck Protection Program Liquidity Facility 53,210 - 2,686 - 11,915 52,144 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility II LLC7 0 0 - 8,559 0 Net portfolio holdings of Corporate Credit Facilities LLC7 515 0 - 44,839 515 Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)7 30,308 - 150 - 10,412 30,285 Net portfolio holdings of Municipal Liquidity Facility LLC7 9,779 + 2 - 6,770 9,780 Net portfolio holdings of TALF II LLC7 4,495 0 - 7,260 4,495 Float -111 + 16 + 108 -126 Central bank liquidity swaps8 345 + 21 - 7,106 336 Other Federal Reserve assets9 40,407 + 1,543 + 1,417 40,388 Foreign currency denominated assets10 20,703 - 79 - 898 20,735 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding11 50,810 + 14 + 415 50,810 Total factors supplying reserve funds 8,605,163 + 85,249 +1,406,061 8,614,370 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 20, 2021 Federal Reserve Banks Oct 20, 2021 Oct 13, 2021 Oct 21, 2020 Currency in circulation11 2,204,098 + 521 + 162,062 2,204,329 Reverse repurchase agreements12 1,757,159 + 93,820 +1,567,823 1,786,368 Foreign official and international accounts 289,393 - 3,168 + 100,060 292,407 Others 1,467,766 + 96,988 +1,467,763 1,493,961 Treasury cash holdings 59 + 9 + 20 60 Deposits with F.R. Banks, other than reserve balances 432,613 + 49,651 -1,510,198 499,677 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 83,386 + 5,528 -1,641,406 117,364 Foreign official 5,801 + 537 - 14,233 8,768 Other13 343,425 + 43,585 + 145,440 373,545 Treasury contributions to credit facilities14 26,397 0 - 87,603 26,397 Other liabilities and capital15 50,122 + 1,037 - 279 47,196 Total factors, other than reserve balances, absorbing reserve funds 4,470,449 + 145,038 + 131,827 4,564,027 Reserve balances with Federal Reserve Banks 4,134,714 - 59,789 +1,274,234 4,050,343 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 20, 2021 Oct 20, 2021 Oct 13, 2021 Oct 21, 2020 Securities held in custody for foreign official and international accounts 3,481,652 - 1,267 + 78,863 3,474,860 Marketable U.S. Treasury securities1 3,067,472 + 1,317 + 96,668 3,070,387 Federal agency debt and mortgage-backed securities2 324,261 - 1,235 - 22,165 317,819 Other securities3 89,918 - 1,350 + 4,359 86,655 Securities lent to dealers 39,799 - 1,605 + 18,201 39,235 Overnight facility4 39,799 - 1,605 + 18,201 39,235 U.S. Treasury securities 39,799 - 1,605 + 18,201 39,235 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 20, 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 348 269 3,284 48,860 0 ... 52,761 U.S. Treasury securities2 Holdings 80,856 304,867 706,735 2,108,800 1,001,502 1,296,509 5,499,267 Weekly changes + 22,906 - 14,454 + 689 + 11,998 + 6,348 + 5,857 + 33,343 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 1,757 64,051 2,481,101 2,546,932 Weekly changes 0 0 0 - 10 - 582 + 52,766 + 52,173 Loan participations held by MS Facilities LLC (Main Street Lending Program)5 0 0 0 15,918 ... ... 15,918 Municipal notes held by Municipal Liquidity Facility LLC6 0 0 0 4,373 ... ... 4,373 Loans held by TALF II LLC7 0 0 0 1,409 ... ... 1,409 Repurchase agreements8 0 0 ... ... ... ... 0 Central bank liquidity swaps9 236 100 0 0 0 0 336 Reverse repurchase agreements8 1,786,368 0 ... ... ... ... 1,786,368 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 20, 2021 Mortgage-backed securities held outright1 2,546,932 Residential mortgage-backed securities 2,537,425 Commercial mortgage-backed securities 9,507 Commitments to buy mortgage-backed securities2 95,663 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 20, 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) 15,736 13,381 16,904 30,285 Municipal Liquidity Facility LLC 4,373 4,373 5,407 9,780 TALF II LLC 1,462 1,409 3,087 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 20, 2021 Oct 13, 2021 Oct 21, 2020 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,205 + 5 - 277 Securities, unamortized premiums and discounts, repurchase agreements, and loans 8,440,911 + 83,705 +1,473,124 Securities held outright1 8,048,546 + 85,516 +1,489,186 U.S. Treasury securities 5,499,267 + 33,343 + 989,489 Bills2 326,044 0 0 Notes and bonds, nominal2 4,737,972 + 30,801 + 890,580 Notes and bonds, inflation-indexed2 369,643 + 2,001 + 74,882 Inflation compensation3 65,609 + 542 + 24,028 Federal agency debt securities2 2,347 0 0 Mortgage-backed securities4 2,546,932 + 52,173 + 499,697 Unamortized premiums on securities held outright5 355,662 + 1,045 + 16,838 Unamortized discounts on securities held outright5 -16,058 - 181 - 11,450 Repurchase agreements6 0 0 - 1,000 Loans7 52,761 - 2,675 - 20,451 Net portfolio holdings of Commercial Paper Funding Facility II LLC8 0 0 - 8,559 Net portfolio holdings of Corporate Credit Facilities LLC8 515 0 - 44,863 Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)8 30,285 - 180 - 10,608 Net portfolio holdings of Municipal Liquidity Facility LLC8 9,780 + 1 - 6,770 Net portfolio holdings of TALF II LLC8 4,495 0 - 7,267 Items in process of collection (0) 55 - 70 + 1 Bank premises 1,462 - 85 - 734 Central bank liquidity swaps9 336 + 3 - 7,306 Foreign currency denominated assets10 20,735 + 26 - 1,045 Other assets11 38,926 + 594 + 1,982 Total assets (0) 8,564,943 + 84,001 +1,387,678 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 20, 2021 Oct 13, 2021 Oct 21, 2020 Liabilities Federal Reserve notes, net of F.R. Bank holdings 2,154,780 - 453 + 160,983 Reverse repurchase agreements12 1,786,368 + 128,746 +1,598,933 Deposits (0) 4,550,020 - 43,167 - 281,695 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 4,050,343 - 154,167 +1,160,213 U.S. Treasury, General Account 117,364 + 44,904 -1,582,133 Foreign official 8,768 + 3,504 - 12,479 Other13 (0) 373,545 + 62,591 + 152,704 Deferred availability cash items (0) 181 - 59 - 192 Treasury contributions to credit facilities14 26,397 0 - 87,603 Other liabilities and accrued dividends15 7,337 - 1,064 - 3,385 Total liabilities (0) 8,525,083 + 84,004 +1,387,041 Capital accounts Capital paid in 33,074 - 4 + 676 Surplus 6,785 0 - 40 Other capital accounts 0 0 0 Total capital 39,859 - 4 + 636 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 20, 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 1,205 14 21 115 47 176 104 229 17 30 87 147 218 Securities, unamortized premiums and discounts, repurchase agreements, and loans1 8,440,911 140,213 4,748,414 177,474 316,189 562,891 491,870 458,169 109,925 81,979 112,169 371,493 870,125 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 30,285 30,285 0 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Municipal Liquidity Facility LLC2 9,780 0 9,780 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 336 15 113 12 29 70 15 13 6 3 4 6 49 Foreign currency denominated assets4 20,735 941 6,970 745 1,793 4,315 938 812 394 176 224 374 3,053 Other assets5 40,443 770 21,452 953 1,539 2,985 2,479 2,239 668 484 844 1,894 4,136 Interdistrict settlement account 0+ 32,666- 489,857+ 17,011+ 35,883+ 21,009+ 66,618+ 116,467+ 23,657- 2,920+ 19,805+ 55,838 + 103,823 Total assets 8,564,943 205,435 4,307,326 196,832 356,232 592,633 564,212 579,066 135,143 80,025 133,588 430,972 983,479 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 20, 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 2,154,780 70,914 689,992 61,440 103,341 154,112 315,591 120,573 64,140 32,828 55,093 194,782 291,974 Reverse repurchase agreements6 1,786,368 29,852 1,009,755 37,730 64,999 119,701 104,667 97,482 23,289 13,822 23,722 78,996 182,353 Deposits 4,550,020 88,127 2,579,534 95,895 183,653 309,808 141,784 358,946 46,755 32,949 54,111 155,898 502,560 Depository institutions 4,050,343 88,105 2,272,388 95,894 183,378 308,991 141,652 168,667 46,748 32,736 53,626 155,666 502,493 U.S. Treasury, General Account 117,364 0 117,364 0 0 0 0 0 0 0 0 0 0 Foreign official 8,768 2 8,742 1 3 8 2 2 1 0 0 1 6 Other7 373,545 20 181,040 0 271 809 131 190,277 6 212 485 231 61 Earnings remittances due to the U.S. Treasury8 1,531 13 897 30 61 99 92 72 18 10 19 67 154 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 5,988 -1,808 3,980 237 283 711 612 452 198 189 222 320 592 Total liabilities 8,525,083 203,669 4,293,983 195,332 352,336 584,430 562,747 577,525 134,401 79,798 133,167 430,063 977,633 Capital Capital paid in 33,074 1,458 11,062 1,256 3,309 6,790 1,158 1,275 613 170 348 786 4,847 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 8,564,943 205,435 4,307,326 196,832 356,232 592,633 564,212 579,066 135,143 80,025 133,588 430,972 983,479 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 20, 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 20, 2021 Federal Reserve notes outstanding 2,405,174 Less: Notes held by F.R. Banks not subject to collateralization 250,394 Federal Reserve notes to be collateralized 2,154,780 Collateral held against Federal Reserve notes 2,154,780 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 2,138,543 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 8,048,546 Less: Face value of securities under reverse repurchase agreements 1,748,826 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 6,299,720 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.