H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE statistical release For Release at 4:30 P.M. Eastern time November 4, 2021 In table 4, the outstanding amount of facility asset purchases for MS Facilities LLC (Main Street Lending Program) reflects the quarterly update to the allowance for loan losses. The allowance for loan losses was estimated based upon the Main Street Lending Program holdings as of September 30, 2021.

FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks November 4, 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 Nov 3, 2021 Federal Reserve Banks Nov 3, 2021 Oct 27, 2021 Nov 4, 2020 Reserve Bank credit 8,530,742 - 7,628 +1,420,499 8,536,560 Securities held outright1 8,057,187 - 4,313 +1,523,836 8,063,390 U.S. Treasury securities 5,527,019 + 19,899 + 996,338 5,533,219 Bills2 326,044 0 0 326,044 Notes and bonds, nominal2 4,763,776 + 18,259 + 897,674 4,767,776 Notes and bonds, inflation-indexed2 371,128 + 1,314 + 74,652 372,843 Inflation compensation3 66,072 + 327 + 24,013 66,557 Federal agency debt securities2 2,347 0 0 2,347 Mortgage-backed securities4 2,527,821 - 24,213 + 527,498 2,527,824 Unamortized premiums on securities held outright5 354,456 - 855 + 15,878 354,701 Unamortized discounts on securities held outright5 -16,484 - 230 - 11,877 -16,650 Repurchase agreements6 0 0 - 1,000 0 Foreign official 0 0 - 1,000 0 Others 0 0 0 0 Loans 49,099 - 2,481 - 21,572 48,317 Primary credit 330 - 166 - 2,104 259 Secondary credit 0 0 0 0 Seasonal credit 10 - 3 + 9 10 Primary Dealer Credit Facility 0 0 - 249 0 Money Market Mutual Fund Liquidity Facility 0 0 - 5,518 0 Paycheck Protection Program Liquidity Facility 48,759 - 2,312 - 13,711 48,047 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility II LLC7 0 0 - 8,562 0 Net portfolio holdings of Corporate Credit Facilities LLC7 515 0 - 45,013 515 Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)7 30,502 + 217 - 10,973 30,507 Net portfolio holdings of Municipal Liquidity Facility LLC7 9,783 + 2 - 6,768 9,783 Net portfolio holdings of TALF II LLC7 4,491 - 5 - 7,702 4,490 Float -425 - 240 - 106 -118 Central bank liquidity swaps8 332 + 9 - 6,873 332 Other Federal Reserve assets9 41,287 + 270 + 1,231 41,292 Foreign currency denominated assets10 20,714 - 33 - 866 20,684 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding11 50,838 + 14 + 429 50,838 Total factors supplying reserve funds 8,618,535 - 7,647 +1,420,062 8,624,323 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 Nov 3, 2021 Federal Reserve Banks Nov 3, 2021 Oct 27, 2021 Nov 4, 2020 Currency in circulation11 2,205,834 + 1,893 + 159,088 2,207,681 Reverse repurchase agreements12 1,719,710 + 16,758 +1,518,775 1,657,066 Foreign official and international accounts 301,984 + 18,663 + 101,051 313,081 Others 1,417,725 - 1,907 +1,417,723 1,343,985 Treasury cash holdings 52 - 7 + 3 49 Deposits with F.R. Banks, other than reserve balances 531,694 - 36,145 -1,289,666 534,233 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 280,205 + 66,914 -1,341,141 286,959 Foreign official 5,466 + 173 - 15,791 5,647 Other13 246,023 - 103,232 + 67,265 241,627 Treasury contributions to credit facilities14 26,397 0 - 87,603 26,397 Other liabilities and capital15 48,511 + 687 - 135 49,066 Total factors, other than reserve balances, absorbing reserve funds 4,532,199 - 16,813 + 300,463 4,474,492 Reserve balances with Federal Reserve Banks 4,086,336 + 9,166 +1,119,599 4,149,830 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 Nov 3, 2021 Nov 3, 2021 Oct 27, 2021 Nov 4, 2020 Securities held in custody for foreign official and international accounts 3,481,183 - 5,726 + 65,644 3,479,869 Marketable U.S. Treasury securities1 3,071,583 - 4,952 + 95,277 3,070,087 Federal agency debt and mortgage-backed securities2 328,527 - 717 - 24,190 328,561 Other securities3 81,072 - 58 - 5,444 81,220 Securities lent to dealers 39,747 - 487 + 13,720 35,895 Overnight facility4 39,747 - 487 + 13,720 35,895 U.S. Treasury securities 39,747 - 487 + 13,720 35,895 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, November 3, 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 114 155 2,738 45,309 0 ... 48,317 U.S. Treasury securities2 Holdings 127,192 273,726 702,180 2,121,068 1,001,373 1,307,680 5,533,219 Weekly changes + 60,247 - 45,271 - 4,350 + 7,256 - 5,292 + 7,300 + 19,890 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 27 1,677 62,981 2,463,138 2,527,824 Weekly changes 0 0 + 7 + 73 + 259 - 294 + 47 Loan participations held by MS Facilities LLC (Main Street Lending Program)5 0 0 0 15,898 ... ... 15,898 Municipal notes held by Municipal Liquidity Facility LLC6 0 0 0 4,373 ... ... 4,373 Loans held by TALF II LLC7 0 0 0 1,386 ... ... 1,386 Repurchase agreements8 0 0 ... ... ... ... 0 Central bank liquidity swaps9 332 0 0 0 0 0 332 Reverse repurchase agreements8 1,657,066 0 ... ... ... ... 1,657,066 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 Nov 3, 2021 Mortgage-backed securities held outright1 2,527,824 Residential mortgage-backed securities 2,518,432 Commercial mortgage-backed securities 9,392 Commitments to buy mortgage-backed securities2 125,170 Commitments to sell mortgage-backed securities2 0 Cash and cash equivalents3 14 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 Nov 3, 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 13,567 16,940 30,507 Municipal Liquidity Facility LLC 4,373 4,373 5,410 9,783 TALF II LLC 1,456 1,386 3,104 4,490 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 September 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 Nov 3, 2021 Oct 27, 2021 Nov 4, 2020 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,202 - 8 - 279 Securities, unamortized premiums and discounts, repurchase agreements, and loans 8,449,758 + 17,404 +1,503,848 Securities held outright1 8,063,390 + 19,937 +1,522,632 U.S. Treasury securities 5,533,219 + 19,890 + 995,132 Bills2 326,044 0 0 Notes and bonds, nominal2 4,767,776 + 17,202 + 895,044 Notes and bonds, inflation-indexed2 372,843 + 2,001 + 75,680 Inflation compensation3 66,557 + 687 + 24,409 Federal agency debt securities2 2,347 0 0 Mortgage-backed securities4 2,527,824 + 47 + 527,500 Unamortized premiums on securities held outright5 354,701 + 32 + 15,538 Unamortized discounts on securities held outright5 -16,650 - 335 - 11,978 Repurchase agreements6 0 0 - 1,000 Loans7 48,317 - 2,229 - 21,343 Net portfolio holdings of Commercial Paper Funding Facility II LLC8 0 0 - 8,559 Net portfolio holdings of Corporate Credit Facilities LLC8 515 0 - 45,148 Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)8 30,507 + 218 - 11,176 Net portfolio holdings of Municipal Liquidity Facility LLC8 9,783 + 1 - 6,769 Net portfolio holdings of TALF II LLC8 4,490 - 6 - 7,776 Items in process of collection (0) 71 + 16 + 18 Bank premises 1,449 - 16 - 741 Central bank liquidity swaps9 332 + 9 - 6,916 Foreign currency denominated assets10 20,684 - 38 - 960 Other assets11 39,843 + 1,110 + 1,850 Total assets (0) 8,574,871 + 18,690 +1,417,392 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 Nov 3, 2021 Oct 27, 2021 Nov 4, 2020 Liabilities Federal Reserve notes, net of F.R. Bank holdings 2,158,089 + 2,174 + 156,955 Reverse repurchase agreements12 1,657,066 - 64,418 +1,464,029 Deposits (0) 4,684,063 + 78,848 - 114,973 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 4,149,830 + 26,676 +1,170,293 U.S. Treasury, General Account 286,959 + 50,464 -1,331,609 Foreign official 5,647 + 381 - 15,617 Other13 (0) 241,627 + 1,327 + 61,961 Deferred availability cash items (0) 188 - 460 + 33 Treasury contributions to credit facilities14 26,397 0 - 87,603 Other liabilities and accrued dividends15 9,200 + 2,541 - 1,695 Total liabilities (0) 8,535,005 + 18,687 +1,416,747 Capital accounts Capital paid in 33,081 + 4 + 685 Surplus 6,785 0 - 40 Other capital accounts 0 0 0 Total capital 39,866 + 4 + 645 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, November 3, 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 1,202 14 18 114 46 175 103 229 17 31 87 148 218 Securities, unamortized premiums and discounts, repurchase agreements, and loans1 8,449,758 140,429 4,755,396 177,616 315,440 563,720 492,600 458,820 110,087 80,967 112,237 371,958 870,489 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 30,507 30,507 0 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Municipal Liquidity Facility LLC2 9,783 0 9,783 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of TALF II LLC2 4,490 0 4,490 0 0 0 0 0 0 0 0 0 0 Central bank liquidity swaps3 332 15 112 12 29 69 15 13 6 3 4 6 49 Foreign currency denominated assets4 20,684 939 6,953 743 1,788 4,304 935 810 393 176 224 373 3,046 Other assets5 41,362 785 21,928 970 1,574 3,051 2,544 2,283 700 513 865 1,930 4,218 Interdistrict settlement account 0+ 28,333- 460,834+ 13,325+ 42,040+ 12,224+ 67,826+ 114,957+ 24,411- 1,310+ 18,464+ 60,027 + 80,536 Total assets 8,574,871 201,554 4,343,784 193,303 361,669 584,731 566,213 578,248 136,089 80,652 132,335 435,663 960,630 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, November 3, 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 2,158,089 70,840 689,599 61,453 103,478 153,331 318,192 120,611 64,436 32,777 54,809 194,488 294,076 Reverse repurchase agreements6 1,657,066 27,691 936,667 34,999 60,294 111,037 97,091 90,426 21,604 12,822 22,004 73,278 169,153 Deposits 4,684,063 86,233 2,688,285 95,063 193,625 311,299 148,746 365,092 48,996 34,616 54,837 166,554 490,718 Depository institutions 4,149,830 86,215 2,351,768 95,062 193,584 310,357 148,613 169,792 48,987 34,424 54,115 166,260 490,654 U.S. Treasury, General Account 286,959 0 286,959 0 0 0 0 0 0 0 0 0 0 Foreign official 5,647 2 5,620 1 3 8 2 2 1 0 0 1 6 Other7 241,627 16 43,938 0 37 934 131 195,299 8 192 722 293 57 Earnings remittances due to the U.S. Treasury8 2,440 55 1,339 51 83 192 152 118 58 25 36 99 233 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 6,948 -1,604 4,727 237 294 668 620 459 193 185 227 329 613 Total liabilities 8,535,005 199,787 4,330,442 191,803 357,773 576,526 564,801 576,706 135,287 80,425 131,914 434,748 954,793 Capital Capital paid in 33,081 1,459 11,062 1,256 3,309 6,793 1,105 1,276 673 170 348 792 4,838 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 8,574,871 201,554 4,343,784 193,303 361,669 584,731 566,213 578,248 136,089 80,652 132,335 435,663 960,630 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, November 3, 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 Nov 3, 2021 Federal Reserve notes outstanding 2,410,987 Less: Notes held by F.R. Banks not subject to collateralization 252,898 Federal Reserve notes to be collateralized 2,158,089 Collateral held against Federal Reserve notes 2,158,089 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 2,141,852 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 8,063,390 Less: Face value of securities under reverse repurchase agreements 1,614,369 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 6,449,021 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.