H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE statistical release For Release at 4:30 P.M. Eastern time February 3, 2022 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 December 31, 2021.

FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks February 3, 2022 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 Feb 2, 2022 Federal Reserve Banks Feb 2, 2022 Jan 26, 2022 Feb 3, 2021 Reserve Bank credit 8,827,509 - 10,992 +1,460,675 8,835,075 Securities held outright1 8,383,836 - 9,033 +1,542,923 8,391,301 U.S. Treasury securities 5,720,646 + 13,962 + 951,862 5,728,109 Bills2 326,044 0 0 326,044 Notes and bonds, nominal2 4,938,131 + 10,232 + 854,581 4,943,022 Notes and bonds, inflation-indexed2 382,693 + 2,909 + 66,387 385,089 Inflation compensation3 73,778 + 820 + 30,894 73,954 Federal agency debt securities2 2,347 0 0 2,347 Mortgage-backed securities4 2,660,843 - 22,994 + 591,060 2,660,845 Unamortized premiums on securities held outright5 351,481 - 861 + 6,300 351,482 Unamortized discounts on securities held outright5 -19,062 - 106 - 12,817 -19,168 Repurchase agreements6 0 0 - 1,000 0 Foreign official 0 0 - 1,000 0 Others 0 0 0 0 Loans 30,099 - 927 - 20,743 29,628 Primary credit 307 - 115 - 1,536 268 Secondary credit 0 0 0 0 Seasonal credit 0 0 0 0 Primary Dealer Credit Facility 0 0 - 531 0 Money Market Mutual Fund Liquidity Facility 0 0 - 1,861 0 Paycheck Protection Program Liquidity Facility 29,792 - 813 - 16,815 29,361 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility II LLC7 0 0 - 8,558 0 Net portfolio holdings of Corporate Credit Facilities LLC7 0 0 - 26,289 0 Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)7 29,243 + 305 - 4,061 29,249 Net portfolio holdings of Municipal Liquidity Facility LLC7 7,869 + 1 - 3,743 7,870 Net portfolio holdings of TALF II LLC7 2,576 - 25 - 3,867 2,542 Float -481 - 281 - 64 -150 Central bank liquidity swaps8 264 - 1 - 8,415 264 Other Federal Reserve assets9 41,683 - 65 + 1,007 42,057 Foreign currency denominated assets10 20,200 - 202 - 1,813 20,446 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding11 50,998 + 14 + 522 50,998 Total factors supplying reserve funds 8,914,948 - 11,180 +1,459,384 8,922,761 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 Feb 2, 2022 Federal Reserve Banks Feb 2, 2022 Jan 26, 2022 Feb 3, 2021 Currency in circulation11 2,228,891 - 1,974 + 131,500 2,230,088 Reverse repurchase agreements12 1,896,979 - 43,998 +1,673,390 1,906,571 Foreign official and international accounts 283,435 + 3,010 + 63,297 279,676 Others 1,613,545 - 47,007 +1,610,094 1,626,895 Treasury cash holdings 26 + 1 - 23 24 Deposits with F.R. Banks, other than reserve balances 930,164 + 41,548 - 909,998 959,976 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 675,773 + 60,896 - 949,552 710,267 Foreign official 6,649 - 1,274 - 15,200 5,621 Other13 247,742 - 18,074 + 54,754 244,088 Treasury contributions to credit facilities14 21,258 0 - 30,520 21,258 Other liabilities and capital15 47,916 - 297 - 1,561 48,227 Total factors, other than reserve balances, absorbing reserve funds 5,125,234 - 4,720 + 862,788 5,166,144 Reserve balances with Federal Reserve Banks 3,789,714 - 6,460 + 596,596 3,756,617 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 $15.7 billion, Municipal Liquidity Facility LLC of $4.2 billion, and TALF II LLC of $1.4 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 Feb 2, 2022 Feb 2, 2022 Jan 26, 2022 Feb 3, 2021 Securities held in custody for foreign official and international accounts 3,457,868 - 324 - 73,425 3,466,187 Marketable U.S. Treasury securities1 3,052,999 + 500 - 30,741 3,061,188 Federal agency debt and mortgage-backed securities2 322,916 - 642 - 36,234 323,050 Other securities3 81,953 - 182 - 6,450 81,949 Securities lent to dealers 42,762 + 5,143 + 7,934 42,502 Overnight facility4 42,762 + 5,143 + 7,934 42,502 U.S. Treasury securities 42,762 + 5,143 + 7,934 42,502 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, February 2, 2022 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 37 700 618 28,274 0 ... 29,628 U.S. Treasury securities2 Holdings 120,740 284,249 738,168 2,203,397 1,011,998 1,369,557 5,728,109 Weekly changes + 29,508 - 42,315 + 16,224 + 5,750 - 2,479 + 5,205 + 11,892 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 1 37 2,106 59,442 2,599,259 2,660,845 Weekly changes 0 0 + 8 + 206 - 214 + 24 + 25 Loan participations held by MS Facilities LLC (Main Street Lending Program)5 0 0 0 15,256 ... ... 15,256 Municipal notes held by Municipal Liquidity Facility LLC6 0 451 0 2,907 ... ... 3,358 Loans held by TALF II LLC7 0 0 0 1,291 ... ... 1,291 Repurchase agreements8 0 0 ... ... ... ... 0 Central bank liquidity swaps9 264 0 0 0 0 0 264 Reverse repurchase agreements8 1,906,571 0 ... ... ... ... 1,906,571 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 Feb 2, 2022 Mortgage-backed securities held outright1 2,660,845 Residential mortgage-backed securities 2,651,747 Commercial mortgage-backed securities 9,098 Commitments to buy mortgage-backed securities2 84,098 Commitments to sell mortgage-backed securities2 0 Cash and cash equivalents3 2 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 Feb 2, 2022 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 MS Facilities LLC (Main Street Lending Program) 15,011 13,227 16,023 29,249 Municipal Liquidity Facility LLC 4,131 3,358 4,512 7,870 TALF II LLC 1,345 1,291 1,251 2,542 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 MS Facilities LLC (Main Street Lending Program) includes loan participations at face value, net of an allowance for loan losses updated as of December 31, 2021. b. 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. c. 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 Feb 2, 2022 Jan 26, 2022 Feb 3, 2021 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,253 + 9 - 316 Securities, unamortized premiums and discounts, repurchase agreements, and loans 8,753,244 + 10,651 +1,517,864 Securities held outright1 8,391,301 + 11,917 +1,547,091 U.S. Treasury securities 5,728,109 + 11,892 + 956,035 Bills2 326,044 0 0 Notes and bonds, nominal2 4,943,022 + 7,808 + 857,985 Notes and bonds, inflation-indexed2 385,089 + 3,592 + 67,068 Inflation compensation3 73,954 + 491 + 30,982 Federal agency debt securities2 2,347 0 0 Mortgage-backed securities4 2,660,845 + 25 + 591,056 Unamortized premiums on securities held outright5 351,482 - 128 + 5,841 Unamortized discounts on securities held outright5 -19,168 - 197 - 12,833 Repurchase agreements6 0 0 - 1,000 Loans7 29,628 - 943 - 21,237 Net portfolio holdings of Commercial Paper Funding Facility II LLC8 0 0 - 8,558 Net portfolio holdings of Corporate Credit Facilities LLC8 0 0 - 26,290 Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)8 29,249 + 304 - 4,062 Net portfolio holdings of Municipal Liquidity Facility LLC8 7,870 + 1 - 3,743 Net portfolio holdings of TALF II LLC8 2,542 - 60 - 3,862 Items in process of collection (0) 50 + 1 - 23 Bank premises 1,372 - 11 - 833 Central bank liquidity swaps9 264 - 1 - 8,415 Foreign currency denominated assets10 20,446 + 121 - 1,450 Other assets11 40,686 + 1,712 + 2,303 Total assets (0) 8,873,211 + 12,726 +1,462,613 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 Feb 2, 2022 Jan 26, 2022 Feb 3, 2021 Liabilities Federal Reserve notes, net of F.R. Bank holdings 2,180,362 + 91 + 130,056 Reverse repurchase agreements12 1,906,571 + 15,381 +1,697,638 Deposits (0) 4,716,593 - 4,301 - 332,601 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 3,756,617 - 68,459 + 553,895 U.S. Treasury, General Account 710,267 + 70,647 - 919,462 Foreign official 5,621 - 1,049 - 16,233 Other13 (0) 244,088 - 5,440 + 49,199 Deferred availability cash items (0) 200 - 371 + 62 Treasury contributions to credit facilities14 21,258 0 - 30,520 Other liabilities and accrued dividends15 7,671 + 1,877 - 3,374 Total liabilities (0) 8,832,656 + 12,678 +1,461,261 Capital accounts Capital paid in 33,770 + 48 + 1,392 Surplus 6,785 0 - 40 Other capital accounts 0 0 0 Total capital 40,555 + 48 + 1,352 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 $15.7 billion, Municipal Liquidity Facility LLC of $4.2 billion, and TALF II LLC of $1.4 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, February 2, 2022 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 1,253 16 23 112 48 180 113 230 21 36 90 157 226 Securities, unamortized premiums and discounts, repurchase agreements, and loans1 8,753,244 145,826 4,935,244 184,284 322,791 584,994 511,147 476,099 114,028 78,489 116,252 385,942 898,149 Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)2 29,249 29,249 0 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Municipal Liquidity Facility LLC2 7,870 0 7,870 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of TALF II LLC2 2,542 0 2,542 0 0 0 0 0 0 0 0 0 0 Central bank liquidity swaps3 264 12 89 9 23 55 12 10 5 2 3 5 39 Foreign currency denominated assets4 20,446 923 6,941 730 1,759 4,233 920 797 387 173 220 367 2,996 Other assets5 42,107 796 22,489 980 1,592 3,106 2,537 2,301 718 525 877 1,949 4,238 Interdistrict settlement account 0+ 9,299- 250,304- 2,172- 852- 16,166+ 58,303+ 87,326+ 22,047- 18+ 19,868+ 69,341 + 3,329 Total assets 8,873,211 186,652 4,730,315 184,467 326,113 577,588 575,220 567,899 137,680 79,481 137,765 458,980 911,052 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, February 2, 2022 (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 2,180,362 72,105 701,077 60,658 102,475 152,852 325,817 124,568 64,014 32,704 56,607 190,275 297,211 Reverse repurchase agreements6 1,906,571 31,860 1,077,700 40,268 69,373 127,756 111,710 104,042 24,857 14,752 25,318 84,312 194,623 Deposits 4,716,593 66,351 2,927,023 81,804 149,989 288,107 135,684 337,234 47,769 31,596 55,189 183,041 412,806 Depository institutions 3,756,617 66,324 2,159,780 81,803 149,916 286,981 135,552 147,269 47,761 31,004 54,618 182,868 412,742 U.S. Treasury, General Account 710,267 0 710,267 0 0 0 0 0 0 0 0 0 0 Foreign official 5,621 2 5,595 1 3 8 2 2 1 0 0 1 6 Other7 244,088 25 51,381 0 69 1,118 131 189,964 8 592 571 172 57 Earnings remittances due to the U.S. Treasury8 3,897 45 2,715 51 83 169 164 141 49 30 48 121 281 Treasury contributions to credit facilities9 21,258 15,674 5,584 0 0 0 0 0 0 0 0 0 0 Other liabilities and accrued dividends 3,974 -1,270 2,183 190 212 551 530 372 170 149 185 253 450 Total liabilities 8,832,656 184,765 4,716,283 182,971 322,131 569,434 573,905 566,357 136,859 79,232 137,346 458,001 905,371 Capital Capital paid in 33,770 1,594 11,669 1,244 3,319 6,793 1,094 1,285 685 215 348 816 4,708 Surplus 6,785 292 2,363 252 663 1,361 221 257 137 34 70 163 973 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 8,873,211 186,652 4,730,315 184,467 326,113 577,588 575,220 567,899 137,680 79,481 137,765 458,980 911,052 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, February 2, 2022 (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 $15.7 billion, Municipal Liquidity Facility LLC of $4.2 billion, and TALF II LLC of $1.4 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 Feb 2, 2022 Federal Reserve notes outstanding 2,457,608 Less: Notes held by F.R. Banks not subject to collateralization 277,245 Federal Reserve notes to be collateralized 2,180,362 Collateral held against Federal Reserve notes 2,180,362 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 2,164,126 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 8,391,301 Less: Face value of securities under reverse repurchase agreements 1,883,808 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 6,507,492 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.