FEDERAL RESERVE statistical release

1 FEDERAL RESERVE statistical releaseFor release at4:30 Eastern TimeJuly 22, 2021 The Board's statistical release , Factors Affecting RESERVE Balances of Depository Institutions and Condition Statement of FEDERAL RESERVE Banks, has been modified to reflect closing the Commercial Paper Funding Facility II LLC (CPFF II LLC). CPFF II LLC related lines were removed from table 2, table 4, and table 6. Footnote 1 in Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities (table 2) and Footnotes 2 and 3 in Information on Principal Amounts of Credit Facilities LLCs (table 4) were revised accordingly. FEDERAL RESERVE statistical Affecting RESERVE Balances of Depository Institutions and Condition Statement of FEDERAL RESERVE BanksJuly 22, 20211.

2 Factors Affecting RESERVE Balances of Depository InstitutionsMillions of dollarsAverages of daily figuresChange from week endedReserve Bank credit, related items, andreserve balances of depository institutions at FEDERAL RESERVE BanksWeek endedJul 21, 2021 Jul 14, 2021 Jul 22, 2020 WednesdayJul 21, 2021 RESERVE Bank credit 8,174,231+ 94,480+1,262,072 8,201,670 Securities held outright1 7,639,983+ 93,013+1,417,077 7,667, Treasury securities 5,237,014+ 23,847+ 977,706 5,242,987 Bills2 326,044 0 0 326,044 Notes and bonds, nominal2 4,509,425+ 32,159+ 879,382 4,514,027 Notes and bonds, inflation-indexed2 345,916- 7,541+ 77,975 346,944 Inflation compensation3 55,628- 771+ 20,348 55,972 FEDERAL agency debt securities2 2,347 0 0 2,347 Mortgage-backed securities4 2,400,622+ 69,166+ 439,371 2,422,177 Unamortized premiums on securities held outright5 353,299+ 1,559+ 34,216 353,639 Unamortized discounts on securities held outright5 -14,538- 106- 9,311 -14,621 Repurchase agreements6 0 0 0 0 Foreign official 0 0 0 0 Others 0 0 0 0 Loans 87,456- 1,023- 5,327 86.

3 848 Primary credit 478+ 96- 4,127 554 Secondary credit 0 0 0 0 Seasonal credit 16 0- 12 16 Primary Dealer Credit Facility 0 0- 1,873 0 Money Market Mutual Fund Liquidity Facility 0 0- 17,952 0 Paycheck Protection Program Liquidity Facility 86,963- 1,118+ 18,637 86,278 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility II LLC7 0 0- 10,299 0 Net portfolio holdings of Corporate Credit Facilities LLC7 22,642- 7- 21,152 22,648 Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)

4 7 30,433- 123- 7,083 30,439 Net portfolio holdings of Municipal Liquidity Facility LLC7 9,758+ 1- 6,326 9,760 Net portfolio holdings of TALF II LLC7 4,690+ 1- 4,749 4,690 Float -110- 18+ 64 -108 Central bank liquidity swaps8 475- 1- 125,847 475 Other FEDERAL RESERVE assets9 40,142+ 1,184+ 809 40,391 Foreign currency denominated assets10 21,234- 36+ 86 21,213 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding11 50,754+ 14+ 472 50,754 Total factors supplying RESERVE funds 8,262,459+ 94,458+1,262,630 8,289,878 Note: Components may not sum to totals because of rounding.

5 Footnotes appear at the end of the table. Factors Affecting RESERVE Balances of Depository Institutions (continued)Millions of dollarsAverages of daily figuresChange from week endedReserve Bank credit, related items, and RESERVE balances of depository institutions atFederal RESERVE BanksWeek endedJul 21, 2021 Jul 14, 2021 Jul 22, 2020 WednesdayJul 21, 2021 Currency in circulation11 2,185,342- 2,238+ 202,469 2,185,216 Reverse repurchase agreements12 1,086,193+ 36,198+ 869,247 1,136,878 Foreign official and international accounts 254,231- 64+ 37,286 250,672 Others 831,962+ 36,262+ 831,961 886,206 Treasury cash holdings 47+ 2+ 2 50 Deposits with Banks, other than RESERVE balances 926,214- 7,511-1.

6 078,813 902,670 Term deposits held by depository institutions 0 0 0 Treasury, General Account 678,103- 26,815-1,126,841 616,294 Foreign official 5,804+ 572- 10,427 5,837 Other13 242,307+ 18,731+ 58,455 280,539 Treasury contributions to credit facilities14 40,278 0- 73,722 40,278 Other liabilities and capital15 51,445- 1,873+ 2,287 50,238 Total factors, other than RESERVE balances, absorbing RESERVE funds 4,289,520+ 24,577- 78,529 4,315,331 RESERVE balances with FEDERAL RESERVE Banks 3,972,940+ 69,882+1,341,160 3,974,547 Note: Components may not sum to totals because of securities lent to dealers under the overnight securities lending facility; refer to table value of the that adjusts for the effect of inflation on the original face value of inflation-indexed by Fannie Mae, Freddie Mac, and Ginnie Mae.

7 The current face value shown is the remaining principal balance of the 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 Treasury securities, FEDERAL agency debt securities, and mortgage-backed securities, amortization is on an effective-interest value of assets purchased pursuant to terms of the credit facility and amounts related to Treasury contributions to the facility. Refer to note on consolidation 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.

8 This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank premises, accrued interest, and other accounts receivable. daily at current foreign currency exchange value of agreements, which are collateralized by Treasury securities, FEDERAL agency debt securities, and mortgage-backed 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.

9 Also includes certain deposit accounts other than the Treasury, General Account, for services provided by the RESERVE Banks as fiscal agents of the United value. Amount of equity investments in Corporate Credit Facilities LLC of $ billion, MS Facilities LLC of $ billion, Municipal Liquidity Facility LLC of $ billion, and TALF II LLC of $ the liability for earnings remittances due to the Treasury. Sources: FEDERAL RESERVE Banks and the Department of the Treasury. Memorandum ItemsMillions of dollarsAverages of daily figuresChange from week endedMemorandum itemWeek endedJul 21, 2021 Jul 14, 2021 Jul 22, 2020 WednesdayJul 21, 2021 Securities held in custody for foreign official and international accounts 3,526,474- 11,956+ 124,161 3,522,825 Marketable Treasury securities1 3,082,508- 14,600+ 130,233 3,078,752 FEDERAL agency debt and mortgage-backed securities2 353,988+ 1,938- 11,067 353,597 Other securities3 89,978+ 706+ 4,995 90,475 Securities lent to dealers 31,270- 2,502+ 7,888 27,364 Overnight facility4 31,270- 2,502+ 7,888 27.

10 Treasury securities 31,270- 2,502+ 7,888 27,364 FEDERAL agency debt securities 0 0 0 0 Note: Components may not sum to totals because of securities and 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 value of FEDERAL agency securities and current face value of mortgage-backed securities, which is the remaining principal balance of the non-marketable Treasury securities, supranationals, corporate bonds, asset-backed securities, and commercial paper at face value.