H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks June 2, 2022 1. Factors Affecting Reserve Balances of Depository Institutions Millions of dollars Reserve Bank credit, related items, and Averages of daily figures Wednesday reserve balances of depository institutions at Week ended Change from week ended Jun 1, 2022 Federal Reserve Banks Jun 1, 2022 May 25, 2022 Jun 2, 2021 Reserve Bank credit 8,879,041 - 21,738 + 999,128 8,878,608 Securities held outright1 8,480,185 - 18,626 +1,131,110 8,480,572 U.S. Treasury securities 5,770,391 + 1,487 + 667,933 5,770,779 Bills2 326,044 0 0 326,044 Notes and bonds, nominal2 4,974,862 - 601 + 592,216 4,973,358 Notes and bonds, inflation-indexed2 381,463 + 601 + 38,607 382,966 Inflation compensation3 88,022 + 1,487 + 37,109 88,410 Federal agency debt securities2 2,347 0 0 2,347 Mortgage-backed securities4 2,707,446 - 20,114 + 463,176 2,707,446 Unamortized premiums on securities held outright5 337,329 - 1,213 - 11,643 337,126 Unamortized discounts on securities held outright5 -24,462 + 19 - 10,826 -24,487 Repurchase agreements6 0 0 0 0 Foreign official 0 0 0 0 Others 0 0 0 0 Loans 20,854 - 450 - 63,931 20,665 Primary credit 879 - 92 + 301 870 Secondary credit 0 0 0 0 Seasonal credit 2 - 2 - 3 2 Primary Dealer Credit Facility 0 0 0 0 Paycheck Protection Program Liquidity Facility 19,973 - 356 - 64,229 19,792 Other credit extensions 0 0 0 0 Net portfolio holdings of Commercial Paper Funding Facility II LLC7 0 0 - 8,554 0 Net portfolio holdings of Corporate Credit Facilities LLC7 0 0 - 25,963 0 Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)7 26,667 - 244 - 3,895 26,676 Net portfolio holdings of Municipal Liquidity Facility LLC7 5,535 + 1 - 5,346 5,536 Net portfolio holdings of TALF II LLC7 2,261 - 26 - 2,523 2,195 Float -669 - 467 - 55 -141 Central bank liquidity swaps8 192 - 17 - 450 183 Other Federal Reserve assets9 31,147 - 718 + 1,202 30,284 Foreign currency denominated assets10 18,842 + 88 - 2,885 18,660 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding11 51,121 + 14 + 535 51,121 Total factors supplying reserve funds 8,965,245 - 21,637 + 996,778 8,964,631 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

H.4.1 1. Factors Affecting Reserve Balances of Depository Institutions (continued) Millions of dollars Reserve Bank credit, related items, and Averages of daily figures Wednesday reserve balances of depository institutions at Week ended Change from week ended Jun 1, 2022 Federal Reserve Banks Jun 1, 2022 May 25, 2022 Jun 2, 2021 Currency in circulation11 2,278,884 + 5,935 + 102,040 2,280,223 Reverse repurchase agreements12 2,260,205 + 371 +1,557,863 2,230,540 Foreign official and international accounts 263,347 - 310 + 31,017 265,525 Others 1,996,858 + 681 +1,526,846 1,965,015 Treasury cash holdings 91 - 1 + 54 91 Deposits with F.R. Banks, other than reserve balances 1,034,532 - 44,083 - 140,811 1,028,430 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 789,532 - 32,003 + 6,297 780,575 Foreign official 7,514 + 57 - 19,332 7,707 Other13 237,486 - 12,138 - 127,776 240,149 Treasury contributions to credit facilities14 17,940 - 474 - 32,338 17,940 Other liabilities and capital15 51,562 + 764 + 2,067 50,012 Total factors, other than reserve balances, absorbing reserve funds 5,643,215 - 37,487 +1,488,875 5,607,236 Reserve balances with Federal Reserve Banks 3,322,030 + 15,850 - 492,097 3,357,395 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. 2. Face value of the securities. 3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities. 5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency debt securities, and mortgage-backed securities, amortization is on an effective-interest basis. 6. Cash value of agreements. 7. Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury contributions to the facility. Refer to note on consolidation below. 8. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 9. Includes bank premises, accrued interest, and other accounts receivable. 10. Revalued daily at current foreign currency exchange rates. 11. Estimated. 12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities 13. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as fiscal agents of the United States. 14. Book value. Amount of equity investments in MS Facilities LLC of $13.9 billion, Municipal Liquidity Facility LLC of $2.9 billion, and TALF II LLC of $1.2 billion. 15. Includes the liability for earnings remittances due to the U.S. Treasury. Sources: Federal Reserve Banks and the U.S. Department of the Treasury.

H.4.1 1A. Memorandum Items Millions of dollars Averages of daily figures Wednesday Memorandum item Week ended Change from week ended Jun 1, 2022 Jun 1, 2022 May 25, 2022 Jun 2, 2021 Securities held in custody for foreign official and international accounts 3,395,685 - 29,098 - 140,424 3,392,045 Marketable U.S. Treasury securities1 2,991,040 - 16,154 - 105,244 2,987,446 Federal agency debt and mortgage-backed securities2 321,599 - 12,963 - 29,325 321,603 Other securities3 83,045 + 18 - 5,855 82,997 Securities lent to dealers 39,823 - 1,350 + 1,349 44,411 Overnight facility4 39,823 - 1,350 + 1,349 44,411 U.S. Treasury securities 39,823 - 1,350 + 1,349 44,411 Federal agency debt securities 0 0 0 0 Note: Components may not sum to totals because of rounding. 1. Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS. Does not include securities pledged as collateral to foreign official and international account holders against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6. 2. Face value of federal agency securities and current face value of mortgage-backed securities, which is the remaining principal balance of the securities. 3. Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed securities, and commercial paper at face value. 4. Face value. Fully collateralized by U.S. Treasury securities.

H.4.1 2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, June 1, 2022 Millions of dollars Within 15 16 days to 91 days to Over 1 year Over 5 year Over 10 Remaining Maturity All days 90 days 1 year to 5 years to 10 years years Loans1 428 493 0 19,744 0 ... 20,665 U.S. Treasury securities2 Holdings 67,188 331,056 833,614 2,083,210 1,026,609 1,429,102 5,770,779 Weekly changes - 7,370 - 18,049 + 59,527 - 33,814 - 1,814 + 2,882 + 1,362 Federal agency debt securities3 Holdings 0 0 0 0 2,134 213 2,347 Weekly changes 0 0 0 0 0 0 0 Mortgage-backed securities4 Holdings 0 1 55 1,953 61,043 2,644,394 2,707,446 Weekly changes 0 0 + 10 - 10 0 0 0 Loan participations held by MS Facilities LLC (Main Street Lending Program)5 0 0 0 14,194 ... ... 14,194 Municipal notes held by Municipal Liquidity Facility LLC6 0 0 0 2,907 ... ... 2,907 Loans held by TALF II LLC7 0 0 0 1,141 ... ... 1,141 Repurchase agreements8 0 0 ... ... ... ... 0 Central bank liquidity swaps9 183 0 0 0 0 0 183 Reverse repurchase agreements8 2,230,540 0 ... ... ... ... 2,230,540 Term deposits 0 0 0 ... ... ... 0 Note: Components may not sum to totals because of rounding. ...Not applicable. 1. Loans includes primary, secondary, and seasonal loans and credit extended through the Paycheck Protection Program Liquidity Facility (PPPLF) and other credit extensions. A component of PPPLF loans presented in the Within 15 day category has reached maturity and is recognized as performing loans based upon the underlying guarantee of the collateral by the Small Business Administration. Loans exclude the loans from the Federal Reserve Bank of New York (FRBNY) to Municipal Liquidity Facility LLC and TALF II LLC, and from the Federal Reserve Bank of Boston (FRBB) to MS Facilities LLC, which were eliminated when preparing the FRBNY's and FRBB's statement of condition, respectively, consistent with consolidation under generally accepted accounting principles. 2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the original face value of such securities. 3. Face value. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities. 5. Book value of the loan participations held by the MS Facilities LLC. 6. Book value of the municipal notes held by the Municipal Liquidity Facility LLC. 7. Book value of the loans held by the TALF II LLC. 8. Cash value of agreements. 9. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.

H.4.1 3. Supplemental Information on Mortgage-Backed Securities Millions of dollars Wednesday Account name Jun 1, 2022 Mortgage-backed securities held outright1 2,707,446 Residential mortgage-backed securities 2,698,576 Commercial mortgage-backed securities 8,870 Commitments to buy mortgage-backed securities2 58,535 Commitments to sell mortgage-backed securities2 0 Cash and cash equivalents3 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 Wednesday Jun 1, 2022 Net portfolio holdings of Credit Facilities LLCs Outstanding Credit Facilities LLCs: principal Outstanding amount amount of Treasury of loan facility contributions extended to asset and the LLC1 purchases2 other assets3 Total MS Facilities LLC (Main Street Lending Program) 13,926 12,325 14,351 26,676 Municipal Liquidity Facility LLC 2,907 2,907 2,629 5,536 TALF II LLC 1,171 1,141 1,055 2,195 Note: Components may not sum to totals because of rounding. 1. Book value. This amount was eliminated when preparing the Federal Reserve Banks' statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 6. Loans are extended from the Federal Reserve Bank to the LLC upon settlement of the investment activity. 2. Outstanding amount of facility asset purchases: a. For the MS Facilities LLC (Main Street Lending Program) includes loan participations at face value, net of an allowance for loan losses updated as of March 31, 2022. b. For the Municipal Liquidity Facility LLC includes municipal notes at book value. Asset balances from trading activity may be reported on a one-day lag after the transaction date. c. For the TALF II LLC includes loans to holders of eligible asset-backed securities at book value. 3. Includes short term receivables, interest and dividend receivables, and other assets of the facility. Also includes the portion of the Treasury contribution to the credit facilities, which is held as investments in nonmarketable Treasury securities and the residual portion which is held as cash and cash equivalents at the FRBNY. The amount of cash and cash equivalents held at the FRBNY are eliminated in consolidation and, as result, are excluded from net portfolio holdings in Tables 1, 5, and 6. Amounts excluded are approximately 15% of Treasury contributions to the Municipal Liquidity Facility LLC and TALF II LLC. Refer to the note on consolidation accompanying table 6.

H.4.1 5. Consolidated Statement of Condition of All Federal Reserve Banks Millions of dollars Change since Eliminations from Wednesday Assets, liabilities, and capital Wednesday Wednesday consolidation Jun 1, 2022 May 25, 2022 Jun 2, 2021 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,260 - 8 + 20 Securities, unamortized premiums and discounts, repurchase agreements, and loans 8,813,876 + 246 +1,027,821 Securities held outright1 8,480,572 + 1,362 +1,114,931 U.S. Treasury securities 5,770,779 + 1,362 + 651,756 Bills2 326,044 0 0 Notes and bonds, nominal2 4,973,358 - 2,105 + 574,368 Notes and bonds, inflation-indexed2 382,966 + 2,104 + 40,110 Inflation compensation3 88,410 + 1,362 + 37,277 Federal agency debt securities2 2,347 0 0 Mortgage-backed securities4 2,707,446 0 + 463,176 Unamortized premiums on securities held outright5 337,126 - 620 - 12,006 Unamortized discounts on securities held outright5 -24,487 - 43 - 10,792 Repurchase agreements6 0 0 0 Loans7 20,665 - 454 - 64,312 Net portfolio holdings of Commercial Paper Funding Facility II LLC8 0 0 - 8,554 Net portfolio holdings of Corporate Credit Facilities LLC8 0 0 - 25,963 Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)8 26,676 + 11 - 3,891 Net portfolio holdings of Municipal Liquidity Facility LLC8 5,536 + 1 - 5,346 Net portfolio holdings of TALF II LLC8 2,195 - 93 - 2,566 Items in process of collection (0) 144 + 96 + 70 Bank premises 633 + 11 - 1,278 Central bank liquidity swaps9 183 - 26 - 330 Foreign currency denominated assets10 18,660 - 149 - 3,155 Other assets11 29,651 + 680 + 2,520 Total assets (0) 8,915,050 + 769 + 979,347 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

H.4.1 5. Consolidated Statement of Condition of All Federal Reserve Banks (continued) Millions of dollars Change since Eliminations from Wednesday Assets, liabilities, and capital Wednesday Wednesday consolidation Jun 1, 2022 May 25, 2022 Jun 2, 2021 Liabilities Federal Reserve notes, net of F.R. Bank holdings 2,230,448 + 4,274 + 100,709 Reverse repurchase agreements12 2,230,540 - 27,681 +1,557,634 Deposits (0) 4,385,825 + 23,226 - 646,057 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 3,357,395 + 42,377 - 490,867 U.S. Treasury, General Account 780,575 - 21,139 - 31,512 Foreign official 7,707 + 272 - 19,041 Other13 (0) 240,149 + 1,716 - 104,636 Deferred availability cash items (0) 285 - 16 - 489 Treasury contributions to credit facilities14 17,940 0 - 32,338 Other liabilities and accrued dividends15 8,398 + 965 - 2,217 Total liabilities (0) 8,873,436 + 768 + 977,241 Capital accounts Capital paid in 34,829 0 + 2,105 Surplus 6,785 0 0 Other capital accounts 0 0 0 Total capital 41,614 0 + 2,105 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, Paycheck Protection Program Liquidity Facility, and other credit extensions. 8. Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury contributions to the facility. Refer to note on consolidation below. 9. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 10. Revalued daily at current foreign currency exchange rates. 11. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable. 12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 13. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as fiscal agents of the United States. 14. Book value. Amount of equity investments in MS Facilities LLC of $13.9 billion, Municipal Liquidity Facility LLC of $2.9 billion, and TALF II LLC of $1.2 billion. 15. Includes the liability for earnings remittances due to the U.S. Treasury.

H.4.1 6. Statement of Condition of Each Federal Reserve Bank, June 1, 2022 Millions of dollars Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco Assets Gold certificates and special drawing rights certificates 16,237 544 5,271 537 763 1,203 2,247 1,093 461 263 440 1,279 2,136 Coin 1,260 20 25 109 46 191 96 227 25 46 94 154 227 Securities, unamortized premiums and discounts, repurchase agreements, and loans1 8,813,876 176,088 4,511,646 202,026 355,117 612,938 575,348 601,266 138,222 69,567 137,479 450,877 983,302 Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)2 26,676 26,676 0 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Municipal Liquidity Facility LLC2 5,536 0 5,536 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of TALF II LLC2 2,195 0 2,195 0 0 0 0 0 0 0 0 0 0 Central bank liquidity swaps3 183 8 64 7 18 37 6 7 4 1 2 4 26 Foreign currency denominated assets4 18,660 803 6,514 691 1,821 3,737 606 706 375 94 192 448 2,672 Other assets5 30,428 696 14,399 781 1,247 2,380 2,103 2,012 760 412 755 1,614 3,269 Interdistrict settlement account 0+ 1,750+ 276,118- 20,710- 70,131- 61,443+ 4,486- 22,200+ 1,514- 1,702- 8,435- 2,662 - 96,584 Total assets 8,915,050 206,585 4,821,768 183,441 288,881 559,042 584,892 583,111 141,361 68,679 130,528 451,714 895,048 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

H.4.1 6. Statement of Condition of Each Federal Reserve Bank, June 1, 2022 (continued) Millions of dollars Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco Liabilities Federal Reserve notes, net 2,230,448 72,815 702,424 60,635 103,442 152,217 337,313 128,657 70,042 34,041 58,748 196,432 313,683 Reverse repurchase agreements6 2,230,540 44,655 1,143,602 51,243 89,072 155,438 145,936 152,479 35,031 15,816 34,819 114,359 248,090 Deposits 4,385,825 74,331 2,953,040 69,771 92,034 242,054 99,386 299,761 35,122 18,367 36,263 139,345 326,353 Depository institutions 3,357,395 74,256 2,112,437 69,770 91,994 241,224 99,353 113,759 35,116 18,189 36,223 138,901 326,174 U.S. Treasury, General Account 780,575 0 780,575 0 0 0 0 0 0 0 0 0 0 Foreign official 7,707 2 7,681 1 4 8 1 2 1 0 0 1 6 Other7 240,149 73 52,347 0 36 822 32 186,000 5 177 40 443 173 Earnings remittances due to the U.S. Treasury8 2,690 48 1,340 59 97 182 218 176 54 25 41 150 298 Treasury contributions to credit facilities9 17,940 13,891 4,049 0 0 0 0 0 0 0 0 0 0 Other liabilities and accrued dividends 5,993 -924 2,834 236 294 710 706 530 207 165 223 349 663 Total liabilities 8,873,436 204,815 4,807,289 181,944 284,939 550,602 583,560 581,603 140,456 68,413 130,095 450,634 889,087 Capital Capital paid in 34,829 1,477 12,116 1,245 3,280 7,080 1,111 1,251 769 232 363 917 4,989 Surplus 6,785 292 2,363 252 663 1,361 221 257 137 34 70 163 973 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 8,915,050 206,585 4,821,768 183,441 288,881 559,042 584,892 583,111 141,361 68,679 130,528 451,714 895,048 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

H.4.1 6. Statement of Condition of Each Federal Reserve Bank, June 1, 2022 (continued) 1. Securities include outright holdings of U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities, including securities lent to dealers under the overnight securities lending facility; refer to table 1A. Mortgage-backed securities are guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Unamortized premiums and discounts are the differences between the purchase price and the face value of the securities that have not been amortized. For U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities, amortization is on an effective-interest basis. Repurchase agreements reflect the cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. Loans includes primary, secondary, and seasonal loans and credit extended through the Paycheck Protection Program Liquidity Facility and other credit extensions. 2. Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury contributions to the facility. Refer to note on consolidation below. 3. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 4. Revalued daily at current foreign currency exchange rates. 5. Includes items in process of collection, bank premises, accrued interest (which represents the daily accumulation of interest earned), and other accounts receivable. 6. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 7. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as fiscal agents of the United States. 8. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after providing for the costs of operations, payment of dividends, and the amount necessary to maintain each Federal Reserve Bank's allotted surplus cap. 9. Book value. Amount of equity investments in MS Facilities LLC of $13.9 billion, Municipal Liquidity Facility LLC of $2.9 billion, and TALF II LLC of $1.2 billion. Note on consolidation: The Federal Reserve Bank of New York (FRBNY) and the Federal Reserve Bank of Boston (FRBB) have extended loans to limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On April 14, 2020, FRBNY began extending loans to the Commercial Paper Funding Facility II LLC (CPFF II LLC), a limited liability company formed to purchase three-month U.S dollardenominated commercial paper by eligible issuers. The assets of the CPFF II LLC and the amount provided by U.S. Treasury as credit protection to the FRBNY are used to secure the loan from the FRBNY. On May 12, 2020, FRBNY began extending loans to the Corporate Credit Facilities LLC (CCF LLC), a limited liability company formed to purchase eligible bonds or portions of syndicated loans or bonds at issuance through the Primary Market Corporate Credit Facility and to purchase eligible individual corporate bonds and exchange-traded funds through the Secondary Market Corporate Credit Facility. The assets of the CCF LLC and the amount provided by U.S. Treasury as credit protection to the FRBNY are used to secure the loan from the FRBNY. On June 5, 2020, FRBNY began extending loans to the Municipal Liquidity Facility LLC (MLF LLC), a limited liability company formed to purchase municipal notes from eligible issuers. The assets of the MLF LLC and the amount provided by U.S. Treasury as credit protection to the FRBNY are used to secure the loan from the FRBNY. On June 25, 2020, FRBNY began extending loans to the TALF II LLC, a special purpose vehicle that was formed to help support the flow of credit to consumers and businesses. The assets of the TALF II LLC and the amount provided by U.S. Treasury as credit protection to the FRBNY are used to secure the loan from the FRBNY. On July 15, 2020, the FRBB began extending loans to the MS Facilities LLC (Main Street Lending Program), a special purpose vehicle that was formed to help ensure credit flows to small and medium-sized businesses and to eligible nonprofits. The assets of the MS Facilities LLC and the amount provided by U.S. Treasury as credit protection to the FRBB are used to secure the loan from the FRBB. The FRBNY is the managing member of CPFF II LLC, CCF LLC, MLF LLC, and TALF II LLC. The FRBB is the managing member of MS Facilities LLC (Main Street Lending Program). Consistent with generally accepted accounting principles, the assets and liabilities of each LLC have been accounted for and consolidated with the assets and liabilities of the FRBNY or FRBB, in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the loan from the Reserve Bank to the LLC is eliminated as are any balances held at the FRBNY for LLCs consolidated to FRBNY or FRBB for LLCs consolidated to FRBB. Treasury contributions to credit facilities are held at FRBNY until invested. Net assets of the LLC appears as assets on table 6 (and in table 1 and table 5), and the liabilities of the LLC to entities other than the FRBNY or FRBB, including those with recourse only to the portfolio holdings of the LLC, are included in other liabilities in this table (and table 1 and table 5). The amount provided by U.S. Treasury as credit protection to FRBNY and FRBB appears as liabilities on table 6 (and in table 1 and table 5).

H.4.1 7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts Millions of dollars Wednesday Federal Reserve notes and collateral Jun 1, 2022 Federal Reserve notes outstanding 2,521,820 Less: Notes held by F.R. Banks not subject to collateralization 291,372 Federal Reserve notes to be collateralized 2,230,448 Collateral held against Federal Reserve notes 2,230,448 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 2,214,211 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 8,480,572 Less: Face value of securities under reverse repurchase agreements 2,357,683 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 6,122,889 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.