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 October 13, 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 Oct 12, 2022 Federal Reserve Banks Oct 12, 2022 Oct 5, 2022 Oct 13, 2021 Reserve Bank credit 8,724,877 - 3,383 + 292,782 8,724,414 Securities held outright1 8,330,937 - 9,054 + 378,211 8,330,346 U.S. Treasury securities 5,630,432 - 9,054 + 174,806 5,629,841 Bills2 305,232 - 4,172 - 20,812 304,652 Notes and bonds, nominal2 4,849,432 - 4,837 + 152,320 4,849,432 Notes and bonds, inflation-indexed2 375,761 0 + 8,291 375,761 Inflation compensation3 100,008 - 44 + 35,008 99,996 Federal agency debt securities2 2,347 0 0 2,347 Mortgage-backed securities4 2,698,158 0 + 203,405 2,698,158 Unamortized premiums on securities held outright5 322,953 - 742 - 31,709 322,758 Unamortized discounts on securities held outright5 -26,787 - 131 - 10,907 -26,741 Repurchase agreements6 0 0 0 0 Foreign official 0 0 0 0 Others 0 0 0 0 Loans 20,783 - 296 - 35,497 20,067 Primary credit 7,390 + 297 + 7,026 7,669 Secondary credit 0 0 0 0 Seasonal credit 43 - 15 + 24 42 Primary Dealer Credit Facility 0 0 0 0 Paycheck Protection Program Liquidity Facility 13,349 - 580 - 42,547 12,356 Other credit extensions 0 0 0 0 Net portfolio holdings of Corporate Credit Facilities LLC7 0 0 - 515 0 Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)7 25,725 + 14 - 4,733 25,742 Net portfolio holdings of Municipal Liquidity Facility LLC7 5,566 + 2 - 4,211 5,567 Net portfolio holdings of TALF II LLC7 2,136 - 1 - 2,359 2,137 Float -143 + 209 - 16 -193 Central bank liquidity swaps8 3,307 + 3,007 + 2,983 3,307 Other Federal Reserve assets9 40,400 + 3,610 + 1,536 41,423 Foreign currency denominated assets10 16,934 - 146 - 3,848 16,787 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding11 51,356 + 14 + 675 51,356 Total factors supplying reserve funds 8,809,408 - 3,515 + 289,609 8,808,798 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 Oct 12, 2022 Federal Reserve Banks Oct 12, 2022 Oct 5, 2022 Oct 13, 2021 Currency in circulation11 2,286,728 + 6,341 + 83,266 2,287,827 Reverse repurchase agreements12 2,553,308 - 82,090 + 889,969 2,580,347 Foreign official and international accounts 323,267 + 25,930 + 30,706 333,141 Others 2,230,041 - 108,021 + 859,263 2,247,206 Treasury cash holdings 98 - 4 + 48 103 Deposits with F.R. Banks, other than reserve balances 819,906 - 40,526 + 436,944 788,876 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 608,302 - 25,637 + 530,444 583,513 Foreign official 7,652 + 216 + 2,388 7,435 Other13 203,952 - 15,106 - 95,888 197,928 Treasury contributions to credit facilities14 17,940 0 - 8,457 17,940 Other liabilities and capital15 43,516 - 2,274 - 5,569 43,398 Total factors, other than reserve balances, absorbing reserve funds 5,721,496 - 118,553 +1,396,200 5,718,491 Reserve balances with Federal Reserve Banks 3,087,912 + 115,038 -1,106,591 3,090,307 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 Oct 12, 2022 Oct 12, 2022 Oct 5, 2022 Oct 13, 2021 Securities held in custody for foreign official and international accounts 3,325,227 + 888 - 157,692 3,328,999 Marketable U.S. Treasury securities1 2,918,701 + 1,243 - 147,454 2,922,439 Federal agency debt and mortgage-backed securities2 322,154 - 10 - 3,342 322,153 Other securities3 84,372 - 345 - 6,896 84,407 Securities lent to dealers 43,409 - 5,111 + 2,005 44,139 Overnight facility4 43,409 - 5,111 + 2,005 44,139 U.S. Treasury securities 43,400 - 5,103 + 1,996 44,139 Federal agency debt securities 9 - 8 + 9 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, October 12, 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 1,963 5,757 0 12,347 0 ... 20,067 U.S. Treasury securities2 Holdings 66,698 346,045 790,328 1,979,960 991,971 1,454,839 5,629,841 Weekly changes - 5,080 - 1,665 + 2,696 - 14 - 11 - 10 - 4,085 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 55 3,457 54,494 2,640,150 2,698,158 Weekly changes 0 0 0 0 0 0 0 Loan participations held by MS Facilities LLC (Main Street Lending Program)5 0 0 0 12,713 ... ... 12,713 Municipal notes held by Municipal Liquidity Facility LLC6 0 0 0 2,907 ... ... 2,907 Loans held by TALF II LLC7 0 0 484 574 ... ... 1,058 Repurchase agreements8 0 0 ... ... ... ... 0 Central bank liquidity swaps9 3,307 0 0 0 0 0 3,307 Reverse repurchase agreements8 2,580,347 0 ... ... ... ... 2,580,347 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 Oct 12, 2022 Mortgage-backed securities held outright1 2,698,158 Residential mortgage-backed securities 2,689,557 Commercial mortgage-backed securities 8,601 Commitments to buy mortgage-backed securities2 3,170 Commitments to sell mortgage-backed securities2 5 Cash and cash equivalents3 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 Wednesday Oct 12, 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) 12,642 10,927 14,815 25,742 Municipal Liquidity Facility LLC 2,907 2,907 2,660 5,567 TALF II LLC 1,096 1,058 1,079 2,137 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 Oct 12, 2022 Oct 5, 2022 Oct 13, 2021 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,208 - 8 + 8 Securities, unamortized premiums and discounts, repurchase agreements, and loans 8,646,430 - 6,203 + 289,224 Securities held outright1 8,330,346 - 4,085 + 367,316 U.S. Treasury securities 5,629,841 - 4,085 + 163,917 Bills2 304,652 - 4,047 - 21,392 Notes and bonds, nominal2 4,849,432 0 + 142,261 Notes and bonds, inflation-indexed2 375,761 0 + 8,119 Inflation compensation3 99,996 - 38 + 34,929 Federal agency debt securities2 2,347 0 0 Mortgage-backed securities4 2,698,158 0 + 203,399 Unamortized premiums on securities held outright5 322,758 - 609 - 31,859 Unamortized discounts on securities held outright5 -26,741 - 161 - 10,864 Repurchase agreements6 0 0 0 Loans7 20,067 - 1,348 - 35,369 Net portfolio holdings of Corporate Credit Facilities LLC8 0 0 - 515 Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)8 25,742 + 20 - 4,723 Net portfolio holdings of Municipal Liquidity Facility LLC8 5,567 + 2 - 4,212 Net portfolio holdings of TALF II LLC8 2,137 + 1 - 2,358 Items in process of collection (0) 128 + 23 + 3 Bank premises 626 + 13 - 921 Central bank liquidity swaps9 3,307 + 3,007 + 2,974 Foreign currency denominated assets10 16,787 - 281 - 3,922 Other assets11 40,799 + 3,341 + 2,467 Total assets (0) 8,758,969 - 84 + 278,027 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 Oct 12, 2022 Oct 5, 2022 Oct 13, 2021 Liabilities Federal Reserve notes, net of F.R. Bank holdings 2,237,778 + 4,434 + 82,545 Reverse repurchase agreements12 2,580,347 + 35,502 + 922,725 Deposits (0) 3,879,184 - 37,148 - 714,003 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 3,090,308 + 13,858 -1,114,202 U.S. Treasury, General Account 583,513 - 38,618 + 511,053 Foreign official 7,435 + 1 + 2,171 Other13 (0) 197,928 - 12,388 - 113,026 Deferred availability cash items (0) 322 + 4 + 82 Treasury contributions to credit facilities14 17,940 0 - 8,457 Other liabilities and accrued dividends15 1,528 - 2,888 - 6,873 Total liabilities (0) 8,717,098 - 96 + 276,019 Capital accounts Capital paid in 35,086 + 13 + 2,008 Surplus 6,785 0 0 Other capital accounts 0 0 0 Total capital 41,871 + 13 + 2,008 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, October 12, 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 1,208 18 24 109 48 184 83 228 25 36 87 153 214 Securities, unamortized premiums and discounts, repurchase agreements, and loans1 8,646,430 172,837 4,424,644 198,209 347,210 601,188 564,833 590,140 135,565 66,257 135,310 442,683 967,555 Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)2 25,742 25,742 0 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Municipal Liquidity Facility LLC2 5,567 0 5,567 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of TALF II LLC2 2,137 0 2,137 0 0 0 0 0 0 0 0 0 0 Central bank liquidity swaps3 3,307 142 1,151 123 323 663 108 125 67 17 34 79 474 Foreign currency denominated assets4 16,787 723 5,848 623 1,641 3,366 546 636 338 84 173 403 2,406 Other assets5 41,554 931 20,077 1,036 1,706 3,209 2,827 2,788 780 499 937 2,200 4,564 Interdistrict settlement account 0- 14,629+ 328,867- 40,269- 44,703- 11,004+ 9,723- 64,382- 9,240- 2,336- 19,795- 32,476 - 99,757 Total assets 8,758,969 186,309 4,793,587 160,367 306,987 598,810 580,366 530,629 127,995 64,819 117,186 414,321 877,593 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, October 12, 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 2,237,778 78,292 707,683 54,912 106,935 156,239 348,758 122,937 70,382 33,371 52,413 192,281 313,574 Reverse repurchase agreements6 2,580,347 51,658 1,322,948 59,279 103,041 179,815 168,823 176,392 40,525 18,296 40,279 132,293 286,996 Deposits 3,879,184 41,334 2,744,367 44,505 92,897 253,922 60,776 229,619 15,995 12,750 23,867 88,416 270,734 Depository institutions 3,090,308 41,326 2,106,258 44,504 92,850 252,745 60,735 80,555 15,993 12,616 23,840 88,184 270,704 U.S. Treasury, General Account 583,513 0 583,513 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 197,928 7 47,188 0 43 1,170 40 149,063 1 134 27 231 25 Earnings remittances due to the U.S. Treasury8 -4,076 -80 -2,809 -43 -124 -506 22 -293 4 -11 -7 -10 -217 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 5,925 -593 2,736 204 263 893 652 464 170 155 203 259 520 Total liabilities 8,717,098 184,502 4,778,974 158,858 303,011 590,363 579,032 529,118 127,077 64,561 116,755 413,240 871,607 Capital Capital paid in 35,086 1,514 12,250 1,258 3,313 7,086 1,114 1,253 781 224 361 918 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 8,758,969 186,309 4,793,587 160,367 306,987 598,810 580,366 530,629 127,995 64,819 117,186 414,321 877,593 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, October 12, 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 Oct 12, 2022 Federal Reserve notes outstanding 2,589,299 Less: Notes held by F.R. Banks not subject to collateralization 351,521 Federal Reserve notes to be collateralized 2,237,778 Collateral held against Federal Reserve notes 2,237,778 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 2,221,541 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 8,330,346 Less: Face value of securities under reverse repurchase agreements 2,860,099 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 5,470,248 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.