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 September 8, 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 Sep 7, 2022 Federal Reserve Banks Sep 7, 2022 Aug 31, 2022 Sep 8, 2021 Reserve Bank credit 8,788,243 - 8,682 + 471,355 8,787,483 Securities held outright1 8,403,339 - 8,811 + 591,813 8,402,399 U.S. Treasury securities 5,691,703 - 8,832 + 320,592 5,690,760 Bills2 322,759 - 3,285 - 3,285 321,820 Notes and bonds, nominal2 4,893,074 - 7,023 + 267,717 4,893,074 Notes and bonds, inflation-indexed2 375,761 + 893 + 18,210 375,761 Inflation compensation3 100,109 + 582 + 37,950 100,105 Federal agency debt securities2 2,347 0 0 2,347 Mortgage-backed securities4 2,709,289 + 21 + 271,221 2,709,291 Unamortized premiums on securities held outright5 326,791 - 676 - 27,212 326,584 Unamortized discounts on securities held outright5 -26,762 - 202 - 11,178 -26,723 Repurchase agreements6 1 + 1 + 1 5 Foreign official 0 0 0 0 Others 1 + 1 + 1 5 Loans 19,150 - 556 - 54,826 18,467 Primary credit 4,293 - 301 + 4,043 3,677 Secondary credit 0 0 0 0 Seasonal credit 42 - 7 + 17 45 Primary Dealer Credit Facility 0 0 0 0 Paycheck Protection Program Liquidity Facility 14,816 - 247 - 58,885 14,744 Other credit extensions 0 0 0 0 Net portfolio holdings of Corporate Credit Facilities LLC7 0 0 - 17,117 0 Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)7 25,936 + 17 - 4,616 25,950 Net portfolio holdings of Municipal Liquidity Facility LLC7 5,556 + 2 - 4,213 5,558 Net portfolio holdings of TALF II LLC7 2,144 - 13 - 2,367 2,145 Float -162 + 215 - 43 -187 Central bank liquidity swaps8 197 + 26 - 132 197 Other Federal Reserve assets9 32,053 + 1,315 + 1,244 33,089 Foreign currency denominated assets10 17,382 - 163 - 3,939 17,162 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding11 51,286 + 14 + 632 51,286 Total factors supplying reserve funds 8,873,151 - 8,832 + 468,047 8,872,171 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 Sep 7, 2022 Federal Reserve Banks Sep 7, 2022 Aug 31, 2022 Sep 8, 2021 Currency in circulation11 2,283,119 + 7,084 + 87,066 2,284,279 Reverse repurchase agreements12 2,442,335 - 18,056 +1,068,315 2,459,898 Foreign official and international accounts 261,965 - 1,218 - 31,913 252,911 Others 2,180,370 - 16,837 +1,100,229 2,206,987 Treasury cash holdings 98 - 1 + 56 98 Deposits with F.R. Banks, other than reserve balances 795,274 - 35,810 + 301,935 790,359 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 581,295 - 31,241 + 327,799 582,921 Foreign official 8,582 + 1,051 + 2,425 7,435 Other13 205,397 - 5,620 - 28,289 200,002 Treasury contributions to credit facilities14 17,940 0 - 22,338 17,940 Other liabilities and capital15 48,887 + 1,107 - 1,979 48,262 Total factors, other than reserve balances, absorbing reserve funds 5,587,653 - 45,676 +1,433,055 5,600,835 Reserve balances with Federal Reserve Banks 3,285,498 + 36,844 - 965,008 3,271,336 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 Sep 7, 2022 Sep 7, 2022 Aug 31, 2022 Sep 8, 2021 Securities held in custody for foreign official and international accounts 3,387,702 - 3,148 - 83,214 3,389,271 Marketable U.S. Treasury securities1 2,990,428 - 3,332 - 55,990 2,992,029 Federal agency debt and mortgage-backed securities2 312,884 + 53 - 19,352 312,887 Other securities3 84,390 + 130 - 7,872 84,355 Securities lent to dealers 45,112 + 8,305 + 13,646 43,628 Overnight facility4 45,112 + 8,305 + 13,646 43,628 U.S. Treasury securities 45,112 + 8,305 + 13,646 43,628 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, September 7, 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 1,901 1,832 0 14,734 0 ... 18,467 U.S. Treasury securities2 Holdings 48,969 366,228 809,289 2,010,475 1,000,932 1,454,868 5,690,760 Weekly changes - 10,727 + 49,227 - 42,723 - 5 - 4 - 3 - 4,237 Federal agency debt securities3 Holdings 0 0 0 0 2,347 0 2,347 Weekly changes 0 0 0 0 0 0 0 Mortgage-backed securities4 Holdings 0 2 54 3,364 55,805 2,650,066 2,709,291 Weekly changes 0 + 1 + 5 + 1,026 - 855 - 174 + 3 Loan participations held by MS Facilities LLC (Main Street Lending Program)5 0 0 0 13,268 ... ... 13,268 Municipal notes held by Municipal Liquidity Facility LLC6 0 0 0 2,907 ... ... 2,907 Loans held by TALF II LLC7 0 0 358 718 ... ... 1,076 Repurchase agreements8 5 0 ... ... ... ... 5 Central bank liquidity swaps9 197 0 0 0 0 0 197 Reverse repurchase agreements8 2,459,898 0 ... ... ... ... 2,459,898 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 Sep 7, 2022 Mortgage-backed securities held outright1 2,709,291 Residential mortgage-backed securities 2,700,613 Commercial mortgage-backed securities 8,679 Commitments to buy mortgage-backed securities2 15,936 Commitments to sell mortgage-backed securities2 0 Cash and cash equivalents3 2 1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities. 2. Current face value. Includes residential and commercial mortgage-backed securities. Residential mortgage-backed securities generally settle within 180 calendar days and include commitments associated with outright transactions, dollar rolls, and coupon swaps. Commercial mortgage-backed securities generally settle within three business days. 3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5 and table 6. 4. Information on Principal Accounts of Credit Facilities LLCs Millions of dollars Wednesday Sep 7, 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) 12,938 11,479 14,470 25,950 Municipal Liquidity Facility LLC 2,907 2,907 2,650 5,558 TALF II LLC 1,110 1,076 1,069 2,145 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 June 30, 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 Sep 7, 2022 Aug 31, 2022 Sep 8, 2021 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,257 - 25 + 43 Securities, unamortized premiums and discounts, repurchase agreements, and loans 8,720,731 - 6,688 + 496,212 Securities held outright1 8,402,399 - 4,233 + 589,243 U.S. Treasury securities 5,690,760 - 4,237 + 318,019 Bills2 321,820 - 4,224 - 4,224 Notes and bonds, nominal2 4,893,074 0 + 266,230 Notes and bonds, inflation-indexed2 375,761 0 + 18,210 Inflation compensation3 100,105 - 13 + 37,802 Federal agency debt securities2 2,347 0 0 Mortgage-backed securities4 2,709,291 + 3 + 271,223 Unamortized premiums on securities held outright5 326,584 - 677 - 27,394 Unamortized discounts on securities held outright5 -26,723 + 17 - 11,140 Repurchase agreements6 5 + 5 + 5 Loans7 18,467 - 1,799 - 54,501 Net portfolio holdings of Corporate Credit Facilities LLC8 0 0 - 17,117 Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)8 25,950 + 17 - 4,608 Net portfolio holdings of Municipal Liquidity Facility LLC8 5,558 + 2 - 4,213 Net portfolio holdings of TALF II LLC8 2,145 + 1 - 2,367 Items in process of collection (0) 76 + 13 - 4 Bank premises 600 - 11 - 982 Central bank liquidity swaps9 197 + 26 - 132 Foreign currency denominated assets10 17,162 - 413 - 4,058 Other assets11 32,490 + 3,388 + 2,313 Total assets (0) 8,822,401 - 3,692 + 465,087 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 Sep 7, 2022 Aug 31, 2022 Sep 8, 2021 Liabilities Federal Reserve notes, net of F.R. Bank holdings 2,234,344 + 5,512 + 85,379 Reverse repurchase agreements12 2,459,898 - 68,386 +1,049,360 Deposits (0) 4,061,695 + 59,562 - 646,424 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 3,271,336 + 155,487 - 988,267 U.S. Treasury, General Account 582,921 - 86,990 + 382,219 Foreign official 7,435 - 682 - 1 Other13 (0) 200,002 - 8,254 - 40,375 Deferred availability cash items (0) 263 - 887 + 37 Treasury contributions to credit facilities14 17,940 0 - 22,338 Other liabilities and accrued dividends15 6,428 + 476 - 2,874 Total liabilities (0) 8,780,566 - 3,726 + 463,138 Capital accounts Capital paid in 35,049 + 33 + 1,948 Surplus 6,785 0 0 Other capital accounts 0 0 0 Total capital 41,834 + 33 + 1,948 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, September 7, 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 1,257 20 24 110 52 190 96 229 27 34 91 158 225 Securities, unamortized premiums and discounts, repurchase agreements, and loans1 8,720,731 174,295 4,464,732 199,976 350,453 606,524 569,529 595,155 136,738 67,042 135,981 446,246 974,059 Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)2 25,950 25,950 0 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Municipal Liquidity Facility LLC2 5,558 0 5,558 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of TALF II LLC2 2,145 0 2,145 0 0 0 0 0 0 0 0 0 0 Central bank liquidity swaps3 197 8 68 7 19 39 6 7 4 1 2 5 28 Foreign currency denominated assets4 17,162 739 5,978 636 1,677 3,441 558 650 345 86 177 412 2,460 Other assets5 33,166 756 15,779 842 1,366 2,595 2,219 2,207 819 431 791 1,762 3,599 Interdistrict settlement account 0- 18,493+ 337,321- 35,722- 58,787- 7,054+ 1,632- 58,604- 6,785- 2,368- 16,097- 22,635 - 112,408 Total assets 8,822,401 183,820 4,836,878 166,388 295,542 606,939 576,288 540,737 131,609 65,489 121,385 427,226 870,099 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, September 7, 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 2,234,344 78,499 706,330 55,768 103,367 152,895 346,902 124,344 70,769 33,707 55,882 193,866 312,013 Reverse repurchase agreements6 2,459,898 49,247 1,261,193 56,512 98,231 171,422 160,943 168,158 38,634 17,442 38,399 126,118 273,600 Deposits 4,061,695 41,058 2,847,305 52,385 89,694 273,454 66,440 246,167 21,094 13,920 26,453 105,843 277,881 Depository institutions 3,271,336 41,049 2,209,228 52,384 89,657 272,767 66,407 94,934 21,085 13,866 26,424 105,677 277,858 U.S. Treasury, General Account 582,921 0 582,921 0 0 0 0 0 0 0 0 0 0 Foreign official 7,435 2 7,409 1 4 8 1 2 1 0 0 1 6 Other7 200,002 7 47,746 0 33 678 32 151,232 8 54 29 165 18 Earnings remittances due to the U.S. Treasury8 -165 -16 -91 -6 0 -104 47 -7 2 -2 3 16 -7 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 6,856 -662 3,478 230 275 826 631 564 194 165 214 314 627 Total liabilities 8,780,566 182,017 4,822,265 164,889 291,566 598,493 574,962 539,226 130,693 65,232 120,953 426,157 864,114 Capital Capital paid in 35,049 1,511 12,250 1,247 3,313 7,086 1,105 1,253 780 222 362 907 5,013 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 8,822,401 183,820 4,836,878 166,388 295,542 606,939 576,288 540,737 131,609 65,489 121,385 427,226 870,099 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, September 7, 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 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 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 Sep 7, 2022 Federal Reserve notes outstanding 2,568,731 Less: Notes held by F.R. Banks not subject to collateralization 334,388 Federal Reserve notes to be collateralized 2,234,344 Collateral held against Federal Reserve notes 2,234,344 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 2,218,107 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 8,402,404 Less: Face value of securities under reverse repurchase agreements 2,638,767 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 5,763,637 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.