FRB: H.4.1 Release--Factors Affecting Reserve Balances-- May 06, 2021

FEDERAL RESERVE statistical release

For Release at
4:30 P.M. EDT
May 6, 2021

In table 4, the outstanding amount of facility asset purchases for MS Facilities LLC (Main Street Lending
Program) reflects the quarterly update to the allowance for loan losses. The allowance for loan losses was
estimated based upon the Main Street Lending Program holdings as of March 31, 2021 and does not indicate actual
losses experienced by the program.
FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks May 6, 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 May 5, 2021
Federal Reserve Banks May 5, 2021 Apr 28, 2021 May 6, 2020

Reserve Bank credit 7,752,308 - 17,479 +1,088,608 7,771,255
Securities held outright (1) 7,218,456 - 17,335 +1,612,954 7,234,090
U.S. Treasury securities 5,024,784 + 14,526 +1,026,770 5,040,418
Bills (2) 326,044 0 0 326,044
Notes and bonds, nominal (2) 4,315,199 + 9,608 + 924,787 4,330,043
Notes and bonds, inflation-indexed (2) 335,563 + 4,319 + 90,154 336,054
Inflation compensation (3) 47,978 + 600 + 11,829 48,277
Federal agency debt securities (2) 2,347 0 0 2,347
Mortgage-backed securities (4) 2,191,325 - 31,861 + 586,184 2,191,325
Unamortized premiums on securities held outright (5) 349,543 - 1,022 + 64,114 349,657
Unamortized discounts on securities held outright (5) -12,153 - 675 - 6,522 -12,289
Repurchase agreements (6) 0 0 - 172,929 0
Foreign official 0 0 0 0
Others 0 0 - 172,929 0
Loans 75,079 + 3,305 - 43,651 76,998
Primary credit 699 - 359 - 29,214 545
Secondary credit 0 0 0 0
Seasonal credit 0 0 0 0
Primary Dealer Credit Facility 0 0 - 19,070 0
Money Market Mutual Fund Liquidity Facility 0 0 - 44,695 0
Paycheck Protection Program Liquidity Facility 74,380 + 3,664 + 49,328 76,453
Other credit extensions 0 0 0 0
Net portfolio holdings of Commercial Paper Funding
Facility II LLC (7) 8,556 0 + 4,582 8,556
Net portfolio holdings of Corporate Credit Facilities
LLC (7) 25,977 + 3 + 25,977 25,996
Net portfolio holdings of MS Facilities LLC (Main
Street Lending Program) (7) 30,689 - 203 + 30,689 30,659
Net portfolio holdings of Municipal Liquidity
Facility LLC (7) 11,121 - 212 + 11,121 11,123
Net portfolio holdings of TALF II LLC (7) 4,973 - 310 + 4,973 4,922
Float -305 - 91 - 30 -101
Central bank liquidity swaps (8) 653 - 50 - 444,312 653
Other Federal Reserve assets (9) 39,719 - 890 + 1,642 40,993
Foreign currency denominated assets (10) 21,607 - 66 + 954 21,517
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (11) 50,630 + 14 + 423 50,630

Total factors supplying reserve funds 7,840,787 - 17,530 +1,089,986 7,859,644

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 May 5, 2021
Federal Reserve Banks May 5, 2021 Apr 28, 2021 May 6, 2020

Currency in circulation (11) 2,164,971 + 3,827 + 248,970 2,167,663
Reverse repurchase agreements (12) 393,790 + 66,755 + 123,116 388,304
Foreign official and international accounts 227,575 + 5,375 - 41,602 225,504
Others 166,214 + 61,379 + 164,717 162,800
Treasury cash holdings 46 - 13 - 255 36
Deposits with F.R. Banks, other than reserve balances 1,307,973 - 132,507 - 32,008 1,301,187
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 953,689 - 14,000 - 173,801 946,134
Foreign official 28,234 - 837 + 11,884 28,087
Other (13) 326,050 - 117,670 + 129,908 326,966
Treasury contributions to credit facilities (14) 50,278 0 + 50,278 50,278
Other liabilities and capital (15) 50,002 - 49 - 14,903 51,373

Total factors, other than reserve balances,
absorbing reserve funds 3,967,059 - 61,989 + 375,197 3,958,841

Reserve balances with Federal Reserve Banks 3,873,728 + 44,459 + 714,790 3,900,803

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.
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 May 5, 2021
May 5, 2021 Apr 28, 2021 May 6, 2020

Securities held in custody for foreign official and
international accounts 3,543,249 - 3,349 + 197,856 3,546,275
Marketable U.S. Treasury securities (1) 3,099,463 - 972 + 219,972 3,102,733
Federal agency debt and mortgage-backed securities (2) 355,161 - 2,294 - 25,295 354,954
Other securities (3) 88,625 - 84 + 3,178 88,589
Securities lent to dealers 41,217 + 4,519 + 2,767 42,355
Overnight facility (4) 41,217 + 4,519 + 2,767 42,355
U.S. Treasury securities 41,217 + 4,519 + 2,767 42,355
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, May 5, 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) 167 378 17,440 59,013 0 ... 76,998
U.S. Treasury securities (2)
Holdings 124,849 278,205 630,363 1,942,674 906,238 1,158,090 5,040,418
Weekly changes + 24,681 - 49,347 + 1,886 + 40,041 + 191 + 8,204 + 25,656
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 13 1,911 69,319 2,120,081 2,191,325
Weekly changes 0 0 + 3 + 58 + 2,521 - 2,563 + 20
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 16,365 ... ... 16,365
Municipal notes held by Municipal
Liquidity Facility LLC (7) 0 400 0 5,358 ... ... 5,758
Loans held by TALF II LLC (8) 0 0 0 1,745 ... ... 1,745
Repurchase agreements (9) 0 0 ... ... ... ... 0
Central bank liquidity swaps (10) 158 495 0 0 0 0 653
Reverse repurchase agreements (9) 388,304 0 ... ... ... ... 388,304
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, 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
May 5, 2021

Mortgage-backed securities held outright (1) 2,191,325
Residential mortgage-backed securities 2,181,449
Commercial mortgage-backed securities 9,876

Commitments to buy mortgage-backed securities (2) 218,078
Commitments to sell mortgage-backed securities (2) 0

Cash and cash equivalents (3) 0

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 May 5, 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 13,757 12,238 25,996
MS Facilities LLC (Main Street Lending Program) 16,404 13,703 16,956 30,659
Municipal Liquidity Facility LLC 5,758 5,758 5,365 11,123
TALF II LLC 1,894 1,745 3,176 4,922

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 at face
value, net of an allowance for loan losses
updated as of March 31, 2021.
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 May 5, 2021 Wednesday Wednesday
consolidation Apr 28, 2021 May 6, 2020

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,311 - 73 - 246
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 7,648,456 + 29,414 +1,453,528
Securities held outright (1) 7,234,090 + 25,676 +1,606,172
U.S. Treasury securities 5,040,418 + 25,656 +1,020,227
Bills (2) 326,044 0 0
Notes and bonds, nominal (2) 4,330,043 + 21,632 + 920,527
Notes and bonds, inflation-indexed (2) 336,054 + 3,438 + 87,788
Inflation compensation (3) 48,277 + 586 + 11,912
Federal agency debt securities (2) 2,347 0 0
Mortgage-backed securities (4) 2,191,325 + 20 + 585,945
Unamortized premiums on securities held outright
(5) 349,657 + 349 + 63,155
Unamortized discounts on securities held outright
(5) -12,289 - 485 - 6,755
Repurchase agreements (6) 0 0 - 172,700
Loans (7) 76,998 + 3,874 - 36,344
Net portfolio holdings of Commercial Paper
Funding Facility II LLC (8) 8,556 0 + 4,568
Net portfolio holdings of Corporate Credit
Facilities LLC (8) 25,996 + 26 + 25,996
Net portfolio holdings of MS Facilities LLC (Main
Street Lending Program) (8) 30,659 - 236 + 30,659
Net portfolio holdings of Municipal Liquidity
Facility LLC (8) 11,123 + 2 + 11,123
Net portfolio holdings of TALF II LLC (8) 4,922 - 362 + 4,922
Items in process of collection (0) 64 - 11 + 34
Bank premises 1,914 - 11 - 289
Central bank liquidity swaps (9) 653 - 50 - 444,232
Foreign currency denominated assets (10) 21,517 - 139 + 996
Other assets (11) 39,079 + 964 + 2,010

Total assets (0) 7,810,486 + 29,524 +1,089,066

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 May 5, 2021 Wednesday Wednesday
consolidation Apr 28, 2021 May 6, 2020

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 2,118,376 + 4,100 + 245,051
Reverse repurchase agreements (12) 388,304 + 5,413 + 123,098
Deposits (0) 5,201,990 + 17,767 + 683,451
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 3,900,803 + 11,785 + 735,197
U.S. Treasury, General Account 946,134 + 13,847 - 197,134
Foreign official 28,087 - 1,005 + 11,751
Other (13) (0) 326,966 - 6,861 + 133,637
Deferred availability cash items (0) 166 - 742 - 106
Treasury contributions to credit facilities (14) 50,278 0 + 50,278
Other liabilities and accrued dividends (15) 12,100 + 2,984 - 13,108

Total liabilities (0) 7,771,213 + 29,520 +1,088,664

Capital accounts
Capital paid in 32,488 + 4 + 442
Surplus 6,785 0 - 40
Other capital accounts 0 0 0

Total capital 39,273 + 4 + 402

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.
15. Includes the liability for earnings remittances due to the U.S. Treasury.

6. Statement of Condition of Each Federal Reserve Bank, May 5, 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 16,237 531 5,422 523 752 1,187 2,188 1,136 475 273 455 1,220 2,075
Coin 1,311 21 30 109 62 186 120 230 22 39 93 148 253
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans (1) 7,648,456 126,981 4,292,298 164,446 282,010 510,141 445,418 414,274 100,030 77,673 104,726 336,210 794,248
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) 25,996 0 25,996 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of MS
Facilities LLC (Main Street Lending
Program) (2) 30,659 30,659 0 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of Municipal
Liquidity Facility LLC (2) 11,123 0 11,123 0 0 0 0 0 0 0 0 0 0
Net portfolio holdings of TALF II LLC (2) 4,922 0 4,922 0 0 0 0 0 0 0 0 0 0
Central bank liquidity swaps (3) 653 30 219 23 56 136 30 26 12 6 7 12 96
Foreign currency denominated
assets (4) 21,517 977 7,233 773 1,860 4,478 973 843 409 183 233 388 3,169
Other assets (5) 41,057 775 21,736 961 1,551 3,040 2,533 2,273 696 497 870 1,939 4,185
Interdistrict settlement account 0 + 19,105 - 247,536 + 30,006 + 16,530 + 1,813 + 9,737 + 62,590 + 8,829 - 9,657 + 6,189 + 16,392 + 86,002

Total assets 7,810,486 179,078 4,129,998 196,841 302,821 520,980 460,998 481,373 110,474 69,014 112,574 356,308 890,027

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, May 5, 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 2,118,376 63,520 690,165 60,147 105,039 156,996 296,164 128,949 58,325 33,033 54,203 186,865 284,970
Reverse repurchase agreements (6) 388,304 6,489 219,491 8,201 14,129 26,019 22,752 21,190 5,062 3,005 5,156 17,171 39,638
Deposits 5,201,990 92,733 3,165,273 126,736 179,786 328,796 139,485 328,932 46,066 32,274 52,493 150,973 558,443
Depository institutions 3,900,803 92,716 2,035,503 126,735 179,039 327,936 139,348 160,543 46,060 32,034 51,776 150,695 558,417
U.S. Treasury, General Account 946,134 0 946,134 0 0 0 0 0 0 0 0 0 0
Foreign official 28,087 2 28,060 1 3 8 2 2 1 0 0 1 6
Other (7) 326,966 14 155,575 0 743 851 135 168,388 5 240 717 278 20
Earnings remittances due to the U.S.
Treasury (8) 2,625 38 1,555 48 87 142 152 145 37 24 29 115 253
Treasury contributions to credit
facilities (9) 50,278 16,572 33,706 0 0 0 0 0 0 0 0 0 0
Other liabilities and accrued
dividends 9,641 -2,053 6,636 301 393 879 662 621 236 329 259 463 916

Total liabilities 7,771,213 177,299 4,116,826 195,434 299,433 512,832 459,214 479,836 109,726 68,665 112,140 355,587 884,220

Capital
Capital paid in 32,488 1,471 10,892 1,164 2,801 6,736 1,477 1,270 618 291 361 599 4,807
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 7,810,486 179,078 4,129,998 196,841 302,821 520,980 460,998 481,373 110,474 69,014 112,574 356,308 890,027

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, May 5, 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, 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.

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
May 5, 2021

Federal Reserve notes outstanding 2,283,780
Less: Notes held by F.R. Banks not subject to collateralization 165,404
Federal Reserve notes to be collateralized 2,118,376
Collateral held against Federal Reserve notes 2,118,376
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 2,102,139
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 7,234,090
Less: Face value of securities under reverse repurchase agreements 367,438
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 6,866,652

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