FRB: H.4.1 Release--Factors Affecting Reserve Balances-- January 07, 2021

FEDERAL RESERVE statistical release

For Release at
4:30 P.M. Eastern time
January 7, 2021

The Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks," has been modified to reflect the Federal Reserve's return of a
portion of Treasury's equity investment in the Corporate Credit Facilities LLC, Municipal Liquidity Facility
LLC, and TALF II LLC, which occurred on January 5, 2021. Footnote 14 in Factors Affecting Reserve Balances of
Depository Institutions (table 1) and Consolidated Statement of Condition of All Federal Reserve Banks (table 5)
and footnote 9 in Statement of Condition of Each Federal Reserve Bank (table 6) were revised accordingly.
FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks January 7, 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 Jan 6, 2021
Federal Reserve Banks Jan 6, 2021 Dec 30, 2020 Jan 8, 2020

Reserve Bank credit 7,306,876 - 43,534 +3,178,548 7,294,489
Securities held outright (1) 6,733,491 - 24,170 +2,986,806 6,741,237
U.S. Treasury securities 4,691,676 + 2,770 +2,356,014 4,699,421
Bills (2) 326,044 0 + 152,233 326,044
Notes and bonds, nominal (2) 4,007,673 + 480 +1,998,667 4,015,445
Notes and bonds, inflation-indexed (2) 314,307 + 2,283 + 186,923 314,307
Inflation compensation (3) 43,652 + 8 + 18,192 43,625
Federal agency debt securities (2) 2,347 0 0 2,347
Mortgage-backed securities (4) 2,039,468 - 26,941 + 630,791 2,039,469
Unamortized premiums on securities held outright (5) 342,899 - 1,236 + 218,423 342,993
Unamortized discounts on securities held outright (5) -5,530 - 91 + 7,710 -5,544
Repurchase agreements (6) 1,000 0 - 239,958 1,000
Foreign official 1,000 0 + 1,000 1,000
Others 0 0 - 240,958 0
Loans 55,466 - 1,511 + 55,461 54,216
Primary credit 1,577 - 208 + 1,574 1,485
Secondary credit 0 0 0 0
Seasonal credit 0 0 - 2 0
Primary Dealer Credit Facility 485 0 + 485 485
Money Market Mutual Fund Liquidity Facility 3,264 - 609 + 3,264 2,496
Paycheck Protection Program Liquidity Facility 50,140 - 694 + 50,140 49,750
Other credit extensions 0 0 0 0
Net portfolio holdings of Commercial Paper Funding
Facility II LLC (7) 8,557 0 + 8,557 8,557
Net portfolio holdings of Corporate Credit Facilities
LLC (7) 37,911 - 8,544 + 37,911 26,371
Net portfolio holdings of MS Facilities LLC (Main
Street Lending Program) (7) 54,119 + 602 + 54,119 54,155
Net portfolio holdings of Municipal Liquidity
Facility LLC (7) 17,164 - 4,111 + 17,164 11,680
Net portfolio holdings of TALF II LLC (7) 9,818 - 2,845 + 9,818 6,676
Float -372 - 180 - 170 -112
Central bank liquidity swaps (8) 17,744 + 761 + 14,016 16,911
Other Federal Reserve assets (9) 34,608 - 2,208 + 8,692 36,349
Foreign currency denominated assets (10) 22,315 + 77 + 1,565 22,340
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (11) 50,535 + 14 + 457 50,535

Total factors supplying reserve funds 7,395,966 - 43,445 +3,180,568 7,383,606

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

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 Jan 6, 2021
Federal Reserve Banks Jan 6, 2021 Dec 30, 2020 Jan 8, 2020

Currency in circulation (11) 2,090,492 + 8,952 + 285,527 2,092,385
Reverse repurchase agreements (12) 212,779 + 7,762 - 65,672 206,335
Foreign official and international accounts 207,263 + 2,510 - 68,023 206,331
Others 5,516 + 5,252 + 2,351 4
Treasury cash holdings 28 - 2 - 144 32
Deposits with F.R. Banks, other than reserve balances 1,872,318 + 6,062 +1,437,763 1,797,467
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 1,669,327 + 78,272 +1,302,325 1,607,396
Foreign official 21,839 + 9 + 16,657 21,839
Other (13) 181,152 - 72,220 + 118,781 168,232
Treasury contributions to credit facilities (14) 102,202 - 11,798 + 102,202 72,706
Other liabilities and capital (15) 49,864 - 548 + 6,696 50,903

Total factors, other than reserve balances,
absorbing reserve funds 4,327,682 + 10,428 +1,766,370 4,219,828

Reserve balances with Federal Reserve Banks 3,068,284 - 53,872 +1,414,198 3,163,778

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. Also includes net
portfolio holdings of Maiden Lane LLC.
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 Commercial Paper Funding Facility II LLC of $10
billion, Corporate Credit Facilities LLC of $13.9 billion, MS Facilities LLC of $37.5 billion, Municipal
Liquidity Facility LLC of $6.3 billion, and TALF II LLC of $3.5 billion, and credit protection in the
Money Market Mutual Fund Liquidity Facility of $1.5 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.

1A. Memorandum Items
Millions of dollars
Memorandum item Averages of daily figures Wednesday
Week ended Change from week ended Jan 6, 2021
Jan 6, 2021 Dec 30, 2020 Jan 8, 2020

Securities held in custody for foreign official and
international accounts 3,489,119 - 1,459 + 81,254 3,500,716
Marketable U.S. Treasury securities (1) 3,047,931 + 1,293 + 81,592 3,059,580
Federal agency debt and mortgage-backed securities (2) 354,608 - 2,751 - 4,268 354,551
Other securities (3) 86,579 - 2 + 3,929 86,585
Securities lent to dealers 31,305 + 2,178 - 3,034 30,324
Overnight facility (4) 31,305 + 2,178 - 3,034 30,324
U.S. Treasury securities 31,305 + 2,178 - 3,034 30,324
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.

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, January 6, 2021
Millions of dollars
Remaining Maturity Within 15 16 days to 91 days to Over 1 year Over 5 year Over 10 All
days 90 days 1 year to 5 years to 10 years years

Loans (1) 1,559 2,707 200 49,750 0 ... 54,216
U.S. Treasury securities (2)
Holdings 65,582 320,631 647,973 1,768,527 836,876 1,059,832 4,699,421
Weekly changes - 28,344 + 24,848 - 1,838 + 1,504 + 8,962 + 5,374 + 10,505
Federal agency debt securities (3)
Holdings 0 0 0 0 1,818 529 2,347
Weekly changes 0 0 0 0 0 0 0
Mortgage-backed securities (4)
Holdings 0 0 5 2,096 72,097 1,965,271 2,039,469
Weekly changes 0 0 + 1 + 80 + 52 - 133 + 1
Commercial paper held by Commercial
Paper Funding Facility II LLC (5) 0 0 0 ... ... ... 0
Loan participations held by MS
Facilities LLC (Main Street Lending
Program) (6) 0 0 0 16,552 ... ... 16,552
Municipal notes held by Municipal
Liquidity Facility LLC (7) 0 0 925 5,358 ... ... 6,283
Loans held by TALF II LLC (8) 0 0 0 3,552 ... ... 3,552
Repurchase agreements (9) 1,000 0 ... ... ... ... 1,000
Central bank liquidity swaps (10) 7,307 9,604 0 0 0 0 16,911
Reverse repurchase agreements (9) 206,335 0 ... ... ... ... 206,335
Term deposits 0 0 0 ... ... ... 0

Note: Components may not sum to totals because of rounding.
...Not applicable.

1. Loans includes primary, secondary, and seasonal loans and credit extended through the Primary
Dealer Credit Facility, Money Market Mutual Fund Liquidity Facility, Paycheck Protection Program Liquidity
Facility, and other credit extensions. Loans exclude the loans from the Federal Reserve Bank of New
York (FRBNY) to Commercial Paper Funding Facility II LLC, Corporate Credit Facilities LLC, Municipal
Liquidity Facility LLC, and TALF II LLC, and from the Federal Reserve Bank of Boston (FRBB) to MS
Facilities LLC, which were eliminated when preparing the FRBNY's and FRBB's statement of condition,
respectively, consistent with consolidation under generally accepted accounting principles.
2. Face value. For inflation-indexed securities, includes the original face value and compensation
that adjusts for the effect of inflation on the original face value of such securities.
3. Face value.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the
remaining principal balance of the securities.
5. Book value of commercial paper held by Commercial Paper Funding Facility II LLC.
6. Book value of the loan participations held by the MS Facilities LLC.
7. Book value of the municipal notes held by the Municipal Liquidity Facility LLC.
8. Book value of the loans held by the TALF II LLC.
9. Cash value of agreements.
10. 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.

3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name Wednesday
Jan 6, 2021

Mortgage-backed securities held outright (1) 2,039,469
Residential mortgage-backed securities 2,029,629
Commercial mortgage-backed securities 9,840

Commitments to buy mortgage-backed securities (2) 220,868
Commitments to sell mortgage-backed securities (2) 8,084

Cash and cash equivalents (3) 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
Credit Facilities LLCs: Wednesday Jan 6, 2021
Net portfolio holdings of
Credit Facilities LLCs
Outstanding
principal Outstanding
amount amount of Treasury
of loan facility contributions
extended to asset and
the LLC (1) purchases (2)other assets (3) Total

Commercial Paper Funding Facility II LLC 0 0 8,557 8,557
Corporate Credit Facilities LLC 14,138 14,248 12,123 26,371
MS Facilities LLC (Main Street Lending Program) 16,542 16,456 37,699 54,155
Municipal Liquidity Facility LLC 6,361 6,283 5,397 11,680
TALF II LLC 3,656 3,552 3,124 6,676

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 Commercial Paper Funding Facility II LLC includes commercial paper at book value.
b. For the Corporate Credit Facilities LLC includes exchange traded-funds at fair value and
corporate bonds at book value. Asset balances
from trading activity are reported on a one-day lag after the transaction date.
c. For the MS Facilities LLC (Main Street Lending Program) includes loan participations, net of an
allowance for loan losses updated as of
September 30, 2020, at face value.
d. 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.
e. For the TALF II LLC includes loans to holders of eligible asset-backed securities at book value.
3. Includes short term receivables, interest and dividend receivables, and other assets of the
facility. Also includes the portion of the Treasury contribution to the credit facilities, which is held as
investments in nonmarketable Treasury securities and the residual portion which is held as cash and
cash equivalents at the FRBNY. The amount of cash and cash equivalents held at the FRBNY are
eliminated in consolidation and, as result, are excluded from net portfolio holdings in Tables 1, 5, and 6.
Amounts excluded are approximately 15% of Treasury contributions to the credit facilities from the
following consolidated LLCs: Commercial Paper Funding Facility II LLC, Corporate Credit Facilities LLC,
Municipal Liquidity Facility LLC, and TALF II LLC. Refer to the note on consolidation accompanying
table 6.

5. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of dollars
Assets, liabilities, and capital Eliminations Wednesday Change since
from Jan 6, 2021 Wednesday Wednesday
consolidation Dec 30, 2020 Jan 8, 2020

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,563 + 1 - 114
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 7,133,901 + 7,976 +3,053,378
Securities held outright (1) 6,741,237 + 10,506 +2,982,499
U.S. Treasury securities 4,699,421 + 10,505 +2,351,707
Bills (2) 326,044 0 + 141,517
Notes and bonds, nominal (2) 4,015,445 + 8,252 +2,005,095
Notes and bonds, inflation-indexed (2) 314,307 + 2,283 + 186,923
Inflation compensation (3) 43,625 - 29 + 18,172
Federal agency debt securities (2) 2,347 0 0
Mortgage-backed securities (4) 2,039,469 + 1 + 630,792
Unamortized premiums on securities held outright
(5) 342,993 + 70 + 218,519
Unamortized discounts on securities held outright
(5) -5,544 - 114 + 7,734
Repurchase agreements (6) 1,000 0 - 209,587
Loans (7) 54,216 - 2,485 + 54,214
Net portfolio holdings of Commercial Paper
Funding Facility II LLC (8) 8,557 0 + 8,557
Net portfolio holdings of Corporate Credit
Facilities LLC (8) 26,371 - 20,161 + 26,371
Net portfolio holdings of MS Facilities LLC (Main
Street Lending Program) (8) 54,155 + 82 + 54,155
Net portfolio holdings of Municipal Liquidity
Facility LLC (8) 11,680 - 9,598 + 11,680
Net portfolio holdings of TALF II LLC (8) 6,676 - 5,988 + 6,676
Items in process of collection (0) 65 - 17 + 9
Bank premises 2,207 - 15 + 9
Central bank liquidity swaps (9) 16,911 - 972 + 13,183
Foreign currency denominated assets (10) 22,340 - 89 + 1,708
Other assets (11) 34,143 + 237 + 9,650

Total assets (0) 7,334,809 - 28,542 +3,185,265

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)
Millions of dollars
Assets, liabilities, and capital Eliminations Wednesday Change since
from Jan 6, 2021 Wednesday Wednesday
consolidation Dec 30, 2020 Jan 8, 2020

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 2,043,442 + 5,469 + 289,332
Reverse repurchase agreements (12) 206,335 - 3,428 - 68,588
Deposits (0) 4,961,246 + 9,879 +2,884,757
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 3,163,779 + 20,802 +1,507,150
U.S. Treasury, General Account 1,607,396 - 6,118 +1,256,556
Foreign official 21,839 + 8 + 16,657
Other (13) (0) 168,232 - 4,813 + 104,393
Deferred availability cash items (0) 177 - 666 - 2
Treasury contributions to credit facilities (14) 72,706 - 41,294 + 72,706
Other liabilities and accrued dividends (15) 11,699 + 1,496 + 6,380

Total liabilities (0) 7,295,604 - 28,546 +3,184,583

Capital accounts
Capital paid in 32,380 + 4 + 682
Surplus 6,825 0 0
Other capital accounts 0 0 0

Total capital 39,205 + 4 + 682

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. Also includes net portfolio holdings of Maiden Lane LLC.
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 Commercial Paper Funding Facility II LLC of $10
billion, Corporate Credit Facilities LLC of $13.9 billion, MS Facilities LLC of $37.5 billion, Municipal
Liquidity Facility LLC of $6.3 billion, and TALF II LLC of $3.5 billion, and credit protection in the
Money Market Mutual Fund Liquidity Facility of $1.5 billion.
15. Includes the liability for earnings remittances due to the U.S. Treasury.

6. Statement of Condition of Each Federal Reserve Bank, January 6, 2021
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San
City Francisco

Assets
Gold certificates and special drawing
rights certificates 16,237 533 5,483 529 761 1,165 2,183 1,137 479 270 450 1,202 2,045
Coin 1,563 31 40 131 83 207 153 258 33 44 106 188 291
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans (1) 7,133,901 162,704 3,675,472 167,158 223,055 446,685 523,758 396,908 113,230 74,836 116,980 343,080 890,033
Net portfolio holdings of Commercial
Paper Funding Facility II LLC (2) 8,557 0 8,557 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Corporate
Credit Facilities LLC (2) 26,371 0 26,371 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of MS
Facilities LLC (Main Street Lending
Program) (2) 54,155 54,155 0 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Municipal
Liquidity Facility LLC (2) 11,680 0 11,680 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of TALF II LLC (2) 6,676 0 6,676 0 0 0 0 0 0 0 0 0 0
Central bank liquidity swaps (3) 16,911 803 5,683 609 1,445 3,569 839 657 277 132 178 201 2,518
Foreign currency denominated
assets (4) 22,340 1,060 7,510 804 1,909 4,715 1,108 867 366 175 236 265 3,326
Other assets (5) 36,415 2,405 16,112 910 1,204 2,578 2,758 2,063 714 487 880 1,876 4,429
Interdistrict settlement account 0 - 37,583 + 161,411 - 8,211 + 84,863 + 120,345 - 115,340 - 17,572 - 17,318 - 4,260 - 12,137 - 33,649 - 120,549

Total assets 7,334,809 184,108 3,924,997 161,930 313,320 579,263 415,458 384,318 97,780 71,684 106,693 313,164 782,093

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

6. Statement of Condition of Each Federal Reserve Bank, January 6, 2021 (continued)
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San
City Francisco

Liabilities
Federal Reserve notes, net 2,043,442 62,143 675,231 56,350 93,648 152,766 280,935 132,638 59,194 33,454 55,231 173,546 268,305
Reverse repurchase agreements (6) 206,335 4,634 106,831 4,707 6,456 12,932 15,206 11,525 3,260 1,950 3,281 9,944 25,609
Deposits 4,961,246 75,977 3,090,479 99,146 209,441 404,483 116,637 237,945 34,345 35,629 47,487 128,465 481,212
Depository institutions 3,163,779 75,959 1,405,035 99,145 209,403 403,478 116,552 129,493 34,343 35,562 46,105 127,518 481,185
U.S. Treasury, General Account 1,607,396 0 1,607,396 0 0 0 0 0 0 0 0 0 0
Foreign official 21,839 2 21,813 1 3 8 2 2 1 0 0 0 6
Other (7) 168,232 15 56,236 0 34 996 83 108,451 1 66 1,381 946 21
Earnings remittances due to the U.S.
Treasury (8) 1,784 34 949 38 53 97 136 98 27 15 27 88 221
Treasury contributions to credit
facilities (9) 72,706 39,000 33,706 0 0 0 0 0 0 0 0 0 0
Other liabilities and accrued
dividends 10,092 527 4,627 280 340 806 738 579 227 308 244 456 960

Total liabilities 7,295,604 182,314 3,911,823 160,522 309,937 571,084 413,653 382,785 97,053 71,356 106,271 312,500 776,308

Capital
Capital paid in 32,380 1,470 10,880 1,163 2,800 6,739 1,467 1,269 616 275 350 583 4,769
Surplus 6,825 324 2,294 246 583 1,441 338 265 112 53 72 81 1,016
Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 7,334,809 184,108 3,924,997 161,930 313,320 579,263 415,458 384,318 97,780 71,684 106,693 313,164 782,093

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

6. Statement of Condition of Each Federal Reserve Bank, January 6, 2021 (continued)

1. Securities include outright holdings of U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities, including securities lent to dealers under the overnight
securities lending facility; refer to table 1A. Mortgage-backed securities are guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Unamortized premiums and discounts are the differences between the
purchase price and the face value of the securities that have not been amortized. For U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities, amortization is on an
effective-interest basis. Repurchase agreements reflect the cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. Loans includes primary, secondary, and
seasonal loans and credit extended through the Primary Dealer Credit Facility, Money Market Mutual Fund Liquidity Facility, Paycheck Protection Program Liquidity Facility, and other credit
extensions.
2. Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury contributions to the facility. Refer to note on consolidation below.
3. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals
the market exchange rate used when the foreign currency was acquired from the foreign central bank.
4. Revalued daily at current foreign currency exchange rates.
5. Includes items in process of collection, bank premises, accrued interest (which represents the daily accumulation of interest earned), and other accounts receivable. Also includes Net portfolio
holdings of Maiden Lane LLC; refer to the note on consolidation for additional information.
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 a $6.825 billion surplus.
9. Book value. Amount of equity investments in Commercial Paper Funding Facility II LLC of $10 billion, Corporate Credit Facilities LLC of $13.9 billion, MS Facilities LLC of $37.5 billion, and
Municipal Liquidity Facility LLC of $6.3 billion, and TALF II LLC of $3.5 billion, and credit protection in the Money Market Mutual Fund Liquidity Facility of $1.5 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
dollar-denominated 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).

7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
Jan 6, 2021

Federal Reserve notes outstanding 2,194,521
Less: Notes held by F.R. Banks not subject to collateralization 151,080
Federal Reserve notes to be collateralized 2,043,442
Collateral held against Federal Reserve notes 2,043,442
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 2,027,205
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 6,742,237
Less: Face value of securities under reverse repurchase agreements 198,875
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 6,543,361

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.

Statistical releases