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 20, 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 19, 2022 Federal Reserve Banks Oct 19, 2022 Oct 12, 2022 Oct 20, 2021 Reserve Bank credit 8,720,725 - 4,152 + 203,316 8,709,474 Securities held outright1 8,323,037 - 7,900 + 284,862 8,312,950 U.S. Treasury securities 5,621,097 - 9,335 + 139,911 5,611,953 Bills2 302,260 - 2,972 - 23,784 301,567 Notes and bonds, nominal2 4,843,104 - 6,328 + 121,133 4,834,667 Notes and bonds, inflation-indexed2 375,761 0 + 7,833 375,761 Inflation compensation3 99,972 - 36 + 34,728 99,958 Federal agency debt securities2 2,347 0 0 2,347 Mortgage-backed securities4 2,699,593 + 1,435 + 144,951 2,698,651 Unamortized premiums on securities held outright5 322,316 - 637 - 33,490 322,044 Unamortized discounts on securities held outright5 -26,811 - 24 - 10,806 -26,756 Repurchase agreements6 1 + 1 + 1 10 Foreign official 0 0 0 0 Others 1 + 1 + 1 10 Loans 19,706 - 1,077 - 33,988 18,713 Primary credit 6,367 - 1,023 + 5,897 5,139 Secondary credit 0 0 0 0 Seasonal credit 27 - 16 + 13 28 Primary Dealer Credit Facility 0 0 0 0 Paycheck Protection Program Liquidity Facility 13,312 - 37 - 39,898 13,546 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 25,507 - 218 - 4,801 25,203 Net portfolio holdings of Municipal Liquidity Facility LLC7 5,568 + 2 - 4,211 5,570 Net portfolio holdings of TALF II LLC7 2,137 + 1 - 2,358 2,138 Float -124 + 19 - 13 -138 Central bank liquidity swaps8 6,482 + 3,175 + 6,137 6,482 Other Federal Reserve assets9 42,906 + 2,506 + 2,499 43,257 Foreign currency denominated assets10 16,808 - 126 - 3,895 16,759 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding11 51,370 + 14 + 682 51,370 Total factors supplying reserve funds 8,805,144 - 4,264 + 200,104 8,793,843 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 19, 2022 Federal Reserve Banks Oct 19, 2022 Oct 12, 2022 Oct 20, 2021 Currency in circulation11 2,285,151 - 1,577 + 81,176 2,284,270 Reverse repurchase agreements12 2,550,924 - 2,384 + 793,765 2,571,659 Foreign official and international accounts 329,336 + 6,069 + 39,943 329,824 Others 2,221,588 - 8,453 + 753,822 2,241,835 Treasury cash holdings 103 + 5 + 44 101 Deposits with F.R. Banks, other than reserve balances 814,626 - 5,280 + 382,013 834,944 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 607,199 - 1,103 + 523,813 640,613 Foreign official 7,436 - 216 + 1,635 7,435 Other13 199,992 - 3,960 - 143,433 186,896 Treasury contributions to credit facilities14 17,940 0 - 8,457 17,940 Other liabilities and capital15 44,356 + 840 - 5,766 44,151 Total factors, other than reserve balances, absorbing reserve funds 5,713,100 - 8,396 +1,242,774 5,753,066 Reserve balances with Federal Reserve Banks 3,092,044 + 4,132 -1,042,670 3,040,777 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 19, 2022 Oct 19, 2022 Oct 12, 2022 Oct 20, 2021 Securities held in custody for foreign official and international accounts 3,335,236 + 10,009 - 146,416 3,340,068 Marketable U.S. Treasury securities1 2,924,831 + 6,130 - 142,641 2,928,749 Federal agency debt and mortgage-backed securities2 326,143 + 3,989 + 1,882 327,106 Other securities3 84,262 - 110 - 5,656 84,213 Securities lent to dealers 42,327 - 1,082 + 2,528 41,599 Overnight facility4 42,327 - 1,082 + 2,528 41,599 U.S. Treasury securities 42,327 - 1,073 + 2,528 41,599 Federal agency debt securities 0 - 9 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, October 19, 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 1,943 3,232 0 13,538 0 ... 18,713 U.S. Treasury securities2 Holdings 91,037 323,378 784,695 1,966,054 991,959 1,454,830 5,611,953 Weekly changes + 24,339 - 22,667 - 5,633 - 13,906 - 12 - 9 - 17,888 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 3,444 54,096 2,641,054 2,698,651 Weekly changes 0 0 0 - 13 - 398 + 904 + 493 Loan participations held by MS Facilities LLC (Main Street Lending Program)5 0 0 0 12,622 ... ... 12,622 Municipal notes held by Municipal Liquidity Facility LLC6 0 0 0 2,907 ... ... 2,907 Loans held by TALF II LLC7 0 0 511 547 ... ... 1,058 Repurchase agreements8 10 0 ... ... ... ... 10 Central bank liquidity swaps9 6,482 0 0 0 0 0 6,482 Reverse repurchase agreements8 2,571,659 0 ... ... ... ... 2,571,659 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 19, 2022 Mortgage-backed securities held outright1 2,698,651 Residential mortgage-backed securities 2,690,064 Commercial mortgage-backed securities 8,586 Commitments to buy mortgage-backed securities2 792 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 Oct 19, 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) 12,088 10,836 14,367 25,203 Municipal Liquidity Facility LLC 2,907 2,907 2,662 5,570 TALF II LLC 1,096 1,058 1,080 2,138 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 19, 2022 Oct 12, 2022 Oct 20, 2021 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,205 - 3 0 Securities, unamortized premiums and discounts, repurchase agreements, and loans 8,626,962 - 19,468 + 186,051 Securities held outright1 8,312,950 - 17,396 + 264,404 U.S. Treasury securities 5,611,953 - 17,888 + 112,686 Bills2 301,567 - 3,085 - 24,477 Notes and bonds, nominal2 4,834,667 - 14,765 + 96,695 Notes and bonds, inflation-indexed2 375,761 0 + 6,118 Inflation compensation3 99,958 - 38 + 34,349 Federal agency debt securities2 2,347 0 0 Mortgage-backed securities4 2,698,651 + 493 + 151,719 Unamortized premiums on securities held outright5 322,044 - 714 - 33,618 Unamortized discounts on securities held outright5 -26,756 - 15 - 10,698 Repurchase agreements6 10 + 10 + 10 Loans7 18,713 - 1,354 - 34,048 Net portfolio holdings of Corporate Credit Facilities LLC8 0 0 - 515 Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)8 25,203 - 539 - 5,082 Net portfolio holdings of Municipal Liquidity Facility LLC8 5,570 + 3 - 4,210 Net portfolio holdings of TALF II LLC8 2,138 + 1 - 2,357 Items in process of collection (0) 109 - 19 + 54 Bank premises 639 + 13 - 823 Central bank liquidity swaps9 6,482 + 3,175 + 6,146 Foreign currency denominated assets10 16,759 - 28 - 3,976 Other assets11 42,619 + 1,820 + 3,693 Total assets (0) 8,743,922 - 15,047 + 178,979 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 19, 2022 Oct 12, 2022 Oct 20, 2021 Liabilities Federal Reserve notes, net of F.R. Bank holdings 2,234,202 - 3,576 + 79,422 Reverse repurchase agreements12 2,571,659 - 8,688 + 785,291 Deposits (0) 3,875,722 - 3,462 - 674,298 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 3,040,778 - 49,530 -1,009,565 U.S. Treasury, General Account 640,613 + 57,100 + 523,249 Foreign official 7,435 0 - 1,333 Other13 (0) 186,896 - 11,032 - 186,649 Deferred availability cash items (0) 247 - 75 + 66 Treasury contributions to credit facilities14 17,940 0 - 8,457 Other liabilities and accrued dividends15 2,279 + 751 - 5,058 Total liabilities (0) 8,702,050 - 15,048 + 176,967 Capital accounts Capital paid in 35,087 + 1 + 2,013 Surplus 6,785 0 0 Other capital accounts 0 0 0 Total capital 41,872 + 1 + 2,013 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 19, 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 1,205 17 22 107 48 185 83 226 25 36 87 154 215 Securities, unamortized premiums and discounts, repurchase agreements, and loans1 8,626,962 172,489 4,416,723 197,789 346,472 599,946 563,608 588,941 135,244 66,075 134,698 441,754 963,223 Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)2 25,203 25,203 0 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Municipal Liquidity Facility LLC2 5,570 0 5,570 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of TALF II LLC2 2,138 0 2,138 0 0 0 0 0 0 0 0 0 0 Central bank liquidity swaps3 6,482 279 2,257 240 634 1,300 211 246 130 33 67 156 929 Foreign currency denominated assets4 16,759 722 5,838 622 1,638 3,360 545 635 337 84 173 403 2,402 Other assets5 43,367 969 21,023 1,079 1,793 3,341 2,930 2,916 806 480 966 2,295 4,769 Interdistrict settlement account 0- 17,527+ 362,646- 43,575- 58,446+ 1,142+ 5,843- 69,566- 10,033- 3,096- 18,947- 34,672 - 113,768 Total assets 8,743,922 182,696 4,821,487 156,799 292,902 610,477 575,467 524,491 126,971 63,876 117,482 411,369 859,906 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 19, 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 2,234,202 78,070 706,577 54,478 107,183 157,870 346,968 122,526 69,963 32,982 52,260 191,784 313,541 Reverse repurchase agreements6 2,571,659 51,484 1,318,494 59,080 102,694 179,210 168,255 175,798 40,389 18,234 40,144 131,848 286,030 Deposits 3,875,722 38,098 2,777,307 41,557 78,881 264,683 58,258 224,413 15,524 12,251 24,440 86,353 253,958 Depository institutions 3,040,778 38,085 2,082,663 41,555 78,842 263,923 58,226 85,293 15,514 12,179 24,413 86,154 253,932 U.S. Treasury, General Account 640,613 0 640,613 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 186,896 11 46,622 0 34 753 31 139,119 9 72 27 198 20 Earnings remittances due to the U.S. Treasury8 -5,253 -109 -3,606 -59 -150 -650 30 -365 -4 -18 -14 -12 -296 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 7,779 -544 4,054 235 317 917 622 608 180 167 220 314 688 Total liabilities 8,702,050 180,890 4,806,874 155,289 288,925 602,030 574,133 522,980 126,053 63,618 117,050 410,288 853,921 Capital Capital paid in 35,087 1,514 12,250 1,258 3,313 7,086 1,114 1,253 781 224 362 918 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 8,743,922 182,696 4,821,487 156,799 292,902 610,477 575,467 524,491 126,971 63,876 117,482 411,369 859,906 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 19, 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 19, 2022 Federal Reserve notes outstanding 2,592,907 Less: Notes held by F.R. Banks not subject to collateralization 358,705 Federal Reserve notes to be collateralized 2,234,202 Collateral held against Federal Reserve notes 2,234,202 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 2,217,966 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 8,312,960 Less: Face value of securities under reverse repurchase agreements 2,882,621 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 5,430,340 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.