FRB: H.4.1 Release--Factors Affecting Reserve Balances-- April 08, 2021

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks April 8, 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 Apr 7, 2021
Federal Reserve Banks Apr 7, 2021 Mar 31, 2021 Apr 8, 2020

Reserve Bank credit 7,656,966 + 14,932 +1,688,928 7,669,670
Securities held outright (1) 7,135,255 + 13,802 +2,162,578 7,146,064
U.S. Treasury securities 4,948,224 + 13,708 +1,437,096 4,959,033
Bills (2) 326,044 0 0 326,044
Notes and bonds, nominal (2) 4,241,032 + 10,172 +1,290,744 4,251,662
Notes and bonds, inflation-indexed (2) 334,757 + 3,029 + 132,132 334,757
Inflation compensation (3) 46,391 + 507 + 14,221 46,570
Federal agency debt securities (2) 2,347 0 0 2,347
Mortgage-backed securities (4) 2,184,684 + 94 + 725,482 2,184,684
Unamortized premiums on securities held outright (5) 350,900 + 131 + 120,961 351,110
Unamortized discounts on securities held outright (5) -9,509 - 376 - 1,552 -9,560
Repurchase agreements (6) 0 - 1 - 227,643 0
Foreign official 0 - 1 0 0
Others 0 0 - 227,643 0
Loans 61,967 + 2,149 - 68,037 62,814
Primary credit 761 - 180 - 42,752 709
Secondary credit 0 0 0 0
Seasonal credit 0 0 0 0
Primary Dealer Credit Facility 25 0 - 32,674 25
Money Market Mutual Fund Liquidity Facility 171 - 132 - 53,622 0
Paycheck Protection Program Liquidity Facility 61,009 + 2,460 + 61,009 62,080
Other credit extensions 0 0 0 0
Net portfolio holdings of Commercial Paper Funding
Facility II LLC (7) 8,556 0 + 8,556 8,556
Net portfolio holdings of Corporate Credit Facilities
LLC (7) 26,020 - 5 + 26,020 25,937
Net portfolio holdings of MS Facilities LLC (Main
Street Lending Program) (7) 30,954 + 8 + 30,954 30,962
Net portfolio holdings of Municipal Liquidity
Facility LLC (7) 11,535 - 19 + 11,535 11,413
Net portfolio holdings of TALF II LLC (7) 5,282 - 314 + 5,282 5,283
Float -107 + 235 + 87 -106
Central bank liquidity swaps (8) 868 - 1,642 - 384,497 868
Other Federal Reserve assets (9) 35,244 + 963 + 4,684 36,330
Foreign currency denominated assets (10) 21,291 + 53 + 932 21,367
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (11) 50,602 + 14 + 417 50,602

Total factors supplying reserve funds 7,745,100 + 14,999 +1,690,277 7,757,880

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 Apr 7, 2021
Federal Reserve Banks Apr 7, 2021 Mar 31, 2021 Apr 8, 2020

Currency in circulation (11) 2,146,971 + 8,312 + 266,008 2,150,262
Reverse repurchase agreements (12) 239,520 - 13,502 - 173,270 272,073
Foreign official and international accounts 225,843 + 19,083 - 56,502 237,038
Others 13,677 - 32,585 - 116,768 35,035
Treasury cash holdings 88 - 3 - 229 80
Deposits with F.R. Banks, other than reserve balances 1,325,857 - 37,737 + 379,045 1,289,960
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 1,010,103 - 15,624 + 311,525 954,968
Foreign official 32,308 - 158 + 15,548 32,249
Other (13) 283,446 - 21,955 + 51,972 302,744
Treasury contributions to credit facilities (14) 51,778 0 + 51,778 51,778
Other liabilities and capital (15) 47,937 + 1,143 - 5,553 49,670

Total factors, other than reserve balances,
absorbing reserve funds 3,812,151 - 41,788 + 517,780 3,813,825

Reserve balances with Federal Reserve Banks 3,932,949 + 56,787 +1,172,498 3,944,055

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 $16.6 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 Apr 7, 2021
Apr 7, 2021 Mar 31, 2021 Apr 8, 2020

Securities held in custody for foreign official and
international accounts 3,548,935 - 2,587 + 232,738 3,550,615
Marketable U.S. Treasury securities (1) 3,114,900 - 3,274 + 269,228 3,116,393
Federal agency debt and mortgage-backed securities (2) 346,414 + 117 - 41,866 346,414
Other securities (3) 87,621 + 570 + 5,376 87,808
Securities lent to dealers 40,448 + 1,443 + 3,876 39,086
Overnight facility (4) 40,448 + 1,443 + 3,876 39,086
U.S. Treasury securities 40,448 + 1,443 + 3,876 39,086
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, April 7, 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) 84 650 433 61,647 0 ... 62,814
U.S. Treasury securities (2)
Holdings 75,102 350,381 624,772 1,888,684 889,186 1,130,908 4,959,033
Weekly changes + 4,084 + 32,488 - 30,729 + 7,150 + 167 + 3,596 + 16,756
Federal agency debt securities (3)
Holdings 0 0 0 0 2,134 213 2,347
Weekly changes 0 0 0 0 0 0 0
Mortgage-backed securities (4)
Holdings 0 0 12 1,954 69,053 2,113,665 2,184,684
Weekly changes 0 0 + 5 + 16 + 220 - 239 + 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 16,457 ... ... 16,457
Municipal notes held by Municipal
Liquidity Facility LLC (7) 300 400 0 5,358 ... ... 6,058
Loans held by TALF II LLC (8) 0 0 0 2,101 ... ... 2,101
Repurchase agreements (9) 0 0 ... ... ... ... 0
Central bank liquidity swaps (10) 244 624 0 0 0 0 868
Reverse repurchase agreements (9) 272,073 0 ... ... ... ... 272,073
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
Apr 7, 2021

Mortgage-backed securities held outright (1) 2,184,684
Residential mortgage-backed securities 2,174,741
Commercial mortgage-backed securities 9,943

Commitments to buy mortgage-backed securities (2) 199,461
Commitments to sell mortgage-backed securities (2) 0

Cash and cash equivalents (3) 3

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 Apr 7, 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 8,556 8,556
Corporate Credit Facilities LLC 13,825 13,766 12,171 25,937
MS Facilities LLC (Main Street Lending Program) 16,488 14,044 16,917 30,962
Municipal Liquidity Facility LLC 6,058 6,058 5,355 11,413
TALF II LLC 2,256 2,101 3,181 5,283

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
December 31, 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 Apr 7, 2021 Wednesday Wednesday
consolidation Mar 31, 2021 Apr 8, 2020

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,458 - 26 - 210
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 7,550,428 + 18,427 +1,895,874
Securities held outright (1) 7,146,064 + 16,756 +2,049,630
U.S. Treasury securities 4,959,033 + 16,756 +1,324,647
Bills (2) 326,044 0 0
Notes and bonds, nominal (2) 4,251,662 + 16,269 +1,186,802
Notes and bonds, inflation-indexed (2) 334,757 0 + 124,132
Inflation compensation (3) 46,570 + 487 + 13,713
Federal agency debt securities (2) 2,347 0 0
Mortgage-backed securities (4) 2,184,684 + 1 + 724,983
Unamortized premiums on securities held outright
(5) 351,110 + 136 + 107,997
Unamortized discounts on securities held outright
(5) -9,560 - 91 - 2,179
Repurchase agreements (6) 0 0 - 192,751
Loans (7) 62,814 + 1,626 - 66,823
Net portfolio holdings of Commercial Paper
Funding Facility II LLC (8) 8,556 0 + 8,556
Net portfolio holdings of Corporate Credit
Facilities LLC (8) 25,937 - 97 + 25,937
Net portfolio holdings of MS Facilities LLC (Main
Street Lending Program) (8) 30,962 + 9 + 30,962
Net portfolio holdings of Municipal Liquidity
Facility LLC (8) 11,413 - 143 + 11,413
Net portfolio holdings of TALF II LLC (8) 5,283 + 1 + 5,283
Items in process of collection (0) 44 - 13 + 5
Bank premises 1,913 - 10 - 288
Central bank liquidity swaps (9) 868 - 1,642 - 357,209
Foreign currency denominated assets (10) 21,367 + 216 + 994
Other assets (11) 34,417 + 3,171 + 4,427

Total assets (0) 7,708,882 + 19,894 +1,625,741

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 Apr 7, 2021 Wednesday Wednesday
consolidation Mar 31, 2021 Apr 8, 2020

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 2,101,194 + 6,089 + 265,969
Reverse repurchase agreements (12) 272,073 - 80,104 - 62,415
Deposits (0) 5,234,015 + 91,031 +1,375,655
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 3,944,055 + 271,353 +1,169,549
U.S. Treasury, General Account 954,968 - 166,983 + 127,790
Foreign official 32,249 - 960 + 15,603
Other (13) (0) 302,744 - 12,378 + 62,714
Deferred availability cash items (0) 151 - 956 - 193
Treasury contributions to credit facilities (14) 51,778 0 + 51,778
Other liabilities and accrued dividends (15) 10,404 + 3,821 - 5,488

Total liabilities (0) 7,669,616 + 19,882 +1,625,307

Capital accounts
Capital paid in 32,482 + 13 + 475
Surplus 6,785 0 - 40
Other capital accounts 0 0 0

Total capital 39,267 + 13 + 435

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 $16.6 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, April 7, 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 1,458 30 38 118 72 205 130 249 23 44 101 161 287
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans (1) 7,550,428 168,536 3,887,411 174,997 237,929 472,293 553,695 419,375 119,724 83,055 123,560 362,443 947,411
Net portfolio holdings of Commercial
Paper Funding Facility II LLC (2) 8,556 0 8,556 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Corporate
Credit Facilities LLC (2) 25,937 0 25,937 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of MS
Facilities LLC (Main Street Lending
Program) (2) 30,962 30,962 0 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Municipal
Liquidity Facility LLC (2) 11,413 0 11,413 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of TALF II LLC (2) 5,283 0 5,283 0 0 0 0 0 0 0 0 0 0
Central bank liquidity swaps (3) 868 39 292 31 75 181 39 34 17 7 9 16 128
Foreign currency denominated
assets (4) 21,367 970 7,182 767 1,847 4,446 966 837 406 182 231 385 3,147
Other assets (5) 36,374 2,379 16,059 919 1,209 2,596 2,736 2,064 708 511 886 1,876 4,431
Interdistrict settlement account 0 - 37,266 + 58,238 + 21,705 + 77,652 + 68,165 - 99,218 + 39,884 - 7,252 - 12,941 - 10,904 - 3,105 - 94,958

Total assets 7,708,882 166,183 4,025,891 199,066 319,545 549,051 460,533 463,580 114,104 71,127 114,334 362,979 862,490

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, April 7, 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 2,101,194 62,683 681,284 57,306 103,314 158,133 292,324 131,124 59,565 33,087 55,138 184,383 282,852
Reverse repurchase agreements (6) 272,073 6,110 140,868 6,207 8,512 17,052 20,051 15,197 4,299 2,571 4,327 13,112 33,768
Deposits 5,234,015 79,211 3,149,887 133,838 203,978 364,921 145,614 315,091 49,245 34,794 54,162 164,268 539,006
Depository institutions 3,944,055 79,196 2,018,542 133,837 203,940 364,121 145,437 159,237 49,227 34,476 53,448 163,614 538,979
U.S. Treasury, General Account 954,968 0 954,968 0 0 0 0 0 0 0 0 0 0
Foreign official 32,249 2 32,222 1 3 8 2 2 1 0 0 1 6
Other (7) 302,744 13 144,156 0 35 791 175 155,853 18 317 713 653 21
Earnings remittances due to the U.S.
Treasury (8) 2,585 48 1,435 52 67 107 193 142 37 22 39 127 316
Treasury contributions to credit
facilities (9) 51,778 18,072 33,706 0 0 0 0 0 0 0 0 0 0
Other liabilities and accrued
dividends 7,970 -1,719 5,539 254 285 690 568 491 212 305 236 368 740

Total liabilities 7,669,616 164,405 4,012,719 197,659 316,157 540,903 458,749 462,044 113,359 70,778 113,901 362,259 856,682

Capital
Capital paid in 32,482 1,470 10,892 1,164 2,801 6,735 1,477 1,270 616 291 359 597 4,809
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 7,708,882 166,183 4,025,891 199,066 319,545 549,051 460,533 463,580 114,104 71,127 114,334 362,979 862,490

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, April 7, 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 each Federal Reserve Bank's allotted surplus cap.
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 $16.6 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
Apr 7, 2021

Federal Reserve notes outstanding 2,255,545
Less: Notes held by F.R. Banks not subject to collateralization 154,351
Federal Reserve notes to be collateralized 2,101,194
Collateral held against Federal Reserve notes 2,101,194
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 2,084,957
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 7,146,064
Less: Face value of securities under reverse repurchase agreements 261,928
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 6,884,136

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