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 27, 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 26, 2022 Federal Reserve Banks Oct 26, 2022 Oct 19, 2022 Oct 27, 2021 Reserve Bank credit 8,701,328 - 19,397 + 162,958 8,687,796 Securities held outright1 8,301,058 - 21,979 + 239,558 8,289,604 U.S. Treasury securities 5,609,377 - 11,720 + 102,257 5,608,738 Bills2 298,994 - 3,266 - 27,050 298,315 Notes and bonds, nominal2 4,834,688 - 8,416 + 89,171 4,834,742 Notes and bonds, inflation-indexed2 375,761 0 + 5,947 375,761 Inflation compensation3 99,934 - 38 + 34,189 99,920 Federal agency debt securities2 2,347 0 0 2,347 Mortgage-backed securities4 2,689,334 - 10,259 + 137,300 2,678,519 Unamortized premiums on securities held outright5 321,313 - 1,003 - 33,998 320,794 Unamortized discounts on securities held outright5 -26,820 - 9 - 10,566 -26,759 Repurchase agreements6 2 + 1 + 2 1 Foreign official 0 0 0 0 Others 2 + 1 + 2 1 Loans 18,728 - 978 - 32,852 19,020 Primary credit 5,231 - 1,136 + 4,735 5,585 Secondary credit 0 0 0 0 Seasonal credit 27 0 + 14 28 Primary Dealer Credit Facility 0 0 0 0 Paycheck Protection Program Liquidity Facility 13,470 + 158 - 37,601 13,408 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 25,206 - 301 - 5,079 25,225 Net portfolio holdings of Municipal Liquidity Facility LLC7 5,570 + 2 - 4,211 5,572 Net portfolio holdings of TALF II LLC7 2,138 + 1 - 2,358 2,140 Float -225 - 101 - 40 -551 Central bank liquidity swaps8 11,302 + 4,820 + 10,979 11,302 Other Federal Reserve assets9 43,056 + 150 + 2,039 41,447 Foreign currency denominated assets10 16,987 + 179 - 3,760 17,208 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding11 51,384 + 14 + 690 51,384 Total factors supplying reserve funds 8,785,940 - 19,204 + 159,887 8,772,629 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 26, 2022 Federal Reserve Banks Oct 26, 2022 Oct 19, 2022 Oct 27, 2021 Currency in circulation11 2,283,138 - 2,013 + 79,327 2,284,547 Reverse repurchase agreements12 2,564,090 + 13,166 + 861,138 2,489,364 Foreign official and international accounts 327,517 - 1,819 + 44,196 302,508 Others 2,236,573 + 14,985 + 816,941 2,186,856 Treasury cash holdings 101 - 2 + 42 98 Deposits with F.R. Banks, other than reserve balances 836,702 + 22,076 + 268,863 831,180 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 634,548 + 27,349 + 421,257 636,327 Foreign official 7,435 - 1 + 2,142 7,436 Other13 194,718 - 5,274 - 154,537 187,417 Treasury contributions to credit facilities14 17,940 0 - 8,457 17,940 Other liabilities and capital15 41,131 - 3,225 - 6,693 41,353 Total factors, other than reserve balances, absorbing reserve funds 5,743,102 + 30,002 +1,194,220 5,664,483 Reserve balances with Federal Reserve Banks 3,042,838 - 49,206 -1,034,332 3,108,146 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 26, 2022 Oct 26, 2022 Oct 19, 2022 Oct 27, 2021 Securities held in custody for foreign official and international accounts 3,337,265 + 2,029 - 149,644 3,326,903 Marketable U.S. Treasury securities1 2,924,018 - 813 - 152,517 2,914,011 Federal agency debt and mortgage-backed securities2 329,043 + 2,900 - 201 328,815 Other securities3 84,205 - 57 + 3,075 84,076 Securities lent to dealers 38,395 - 3,932 - 1,839 36,821 Overnight facility4 38,395 - 3,932 - 1,839 36,821 U.S. Treasury securities 38,389 - 3,938 - 1,845 36,821 Federal agency debt securities 5 + 5 + 5 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 26, 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 2,235 3,386 0 13,400 0 ... 19,020 U.S. Treasury securities2 Holdings 87,888 323,110 784,922 1,966,052 991,947 1,454,819 5,608,738 Weekly changes - 3,149 - 268 + 227 - 2 - 12 - 11 - 3,215 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 1 46 3,336 53,345 2,621,791 2,678,519 Weekly changes 0 - 1 - 9 - 108 - 751 - 19,263 - 20,132 Loan participations held by MS Facilities LLC (Main Street Lending Program)5 0 0 0 12,539 ... ... 12,539 Municipal notes held by Municipal Liquidity Facility LLC6 0 0 0 2,907 ... ... 2,907 Loans held by TALF II LLC7 0 0 501 538 ... ... 1,039 Repurchase agreements8 1 0 ... ... ... ... 1 Central bank liquidity swaps9 11,302 0 0 0 0 0 11,302 Reverse repurchase agreements8 2,489,364 0 ... ... ... ... 2,489,364 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 26, 2022 Mortgage-backed securities held outright1 2,678,519 Residential mortgage-backed securities 2,669,965 Commercial mortgage-backed securities 8,554 Commitments to buy mortgage-backed securities2 5 Commitments to sell mortgage-backed securities2 0 Cash and cash equivalents3 28 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 26, 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 10,758 14,466 25,225 Municipal Liquidity Facility LLC 2,907 2,907 2,665 5,572 TALF II LLC 1,096 1,039 1,101 2,140 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 26, 2022 Oct 19, 2022 Oct 27, 2021 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,200 - 5 - 10 Securities, unamortized premiums and discounts, repurchase agreements, and loans 8,602,661 - 24,301 + 170,307 Securities held outright1 8,289,604 - 23,346 + 246,151 U.S. Treasury securities 5,608,738 - 3,215 + 95,409 Bills2 298,315 - 3,252 - 27,729 Notes and bonds, nominal2 4,834,742 + 75 + 84,168 Notes and bonds, inflation-indexed2 375,761 0 + 4,919 Inflation compensation3 99,920 - 38 + 34,050 Federal agency debt securities2 2,347 0 0 Mortgage-backed securities4 2,678,519 - 20,132 + 150,742 Unamortized premiums on securities held outright5 320,794 - 1,250 - 33,875 Unamortized discounts on securities held outright5 -26,759 - 3 - 10,444 Repurchase agreements6 1 - 9 + 1 Loans7 19,020 + 307 - 31,526 Net portfolio holdings of Corporate Credit Facilities LLC8 0 0 - 515 Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)8 25,225 + 22 - 5,064 Net portfolio holdings of Municipal Liquidity Facility LLC8 5,572 + 2 - 4,210 Net portfolio holdings of TALF II LLC8 2,140 + 2 - 2,356 Items in process of collection (0) 98 - 11 + 43 Bank premises 659 + 20 - 806 Central bank liquidity swaps9 11,302 + 4,820 + 10,979 Foreign currency denominated assets10 17,208 + 449 - 3,514 Other assets11 40,788 - 1,831 + 2,055 Total assets (0) 8,723,090 - 20,832 + 166,909 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 26, 2022 Oct 19, 2022 Oct 27, 2021 Liabilities Federal Reserve notes, net of F.R. Bank holdings 2,234,457 + 255 + 78,542 Reverse repurchase agreements12 2,489,364 - 82,295 + 767,880 Deposits (0) 3,939,326 + 63,604 - 665,889 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 3,108,147 + 67,369 -1,015,007 U.S. Treasury, General Account 636,327 - 4,286 + 399,832 Foreign official 7,436 + 1 + 2,170 Other13 (0) 187,417 + 521 - 52,883 Deferred availability cash items (0) 649 + 402 + 1 Treasury contributions to credit facilities14 17,940 0 - 8,457 Other liabilities and accrued dividends15 -521 - 2,800 - 7,180 Total liabilities (0) 8,681,216 - 20,834 + 164,898 Capital accounts Capital paid in 35,089 + 2 + 2,012 Surplus 6,785 0 0 Other capital accounts 0 0 0 Total capital 41,874 + 2 + 2,012 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 26, 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 1,200 18 24 106 44 185 81 223 25 36 86 151 221 Securities, unamortized premiums and discounts, repurchase agreements, and loans1 8,602,661 172,022 4,404,580 197,242 345,438 598,222 561,993 587,352 134,854 65,874 134,353 440,304 960,428 Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)2 25,225 25,225 0 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of Municipal Liquidity Facility LLC2 5,572 0 5,572 0 0 0 0 0 0 0 0 0 0 Net portfolio holdings of TALF II LLC2 2,140 0 2,140 0 0 0 0 0 0 0 0 0 0 Central bank liquidity swaps3 11,302 487 3,936 419 1,105 2,266 368 428 228 57 117 271 1,620 Foreign currency denominated assets4 17,208 741 5,994 638 1,682 3,450 560 652 346 87 178 413 2,467 Other assets5 41,546 934 20,074 1,037 1,729 3,215 2,802 2,792 777 481 938 2,200 4,565 Interdistrict settlement account 0- 16,708+ 403,785- 48,885- 60,697- 15,022+ 1,990- 71,532- 11,305- 3,634- 20,509- 35,345 - 122,139 Total assets 8,723,090 183,263 4,851,376 151,096 290,063 593,520 570,040 521,009 125,385 63,164 115,601 409,274 849,298 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 26, 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 2,234,457 77,836 707,904 54,255 107,390 158,179 346,978 122,688 69,832 32,617 51,879 191,528 313,370 Reverse repurchase agreements6 2,489,364 49,837 1,276,301 57,189 99,407 173,475 162,870 170,172 39,096 17,651 38,859 127,629 276,877 Deposits 3,939,326 40,553 2,850,128 37,990 79,152 253,283 57,847 226,617 15,366 12,496 24,240 88,798 252,856 Depository institutions 3,108,147 40,540 2,159,463 37,989 79,117 252,700 57,815 87,082 15,356 12,431 24,211 88,613 252,830 U.S. Treasury, General Account 636,327 0 636,327 0 0 0 0 0 0 0 0 0 0 Foreign official 7,436 2 7,410 1 4 8 1 2 1 0 0 1 6 Other7 187,417 11 46,929 0 31 576 31 139,533 9 64 29 184 20 Earnings remittances due to the U.S. Treasury8 -6,274 -118 -4,420 -60 -127 -697 8 -451 -2 -25 -20 -33 -328 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 6,401 -542 2,801 212 264 831 1,001 472 175 167 212 271 537 Total liabilities 8,681,216 181,457 4,836,763 149,586 286,086 585,071 568,705 519,498 124,467 62,906 115,169 408,193 843,313 Capital Capital paid in 35,089 1,514 12,250 1,258 3,313 7,088 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 8,723,090 183,263 4,851,376 151,096 290,063 593,520 570,040 521,009 125,385 63,164 115,601 409,274 849,298 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 26, 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 26, 2022 Federal Reserve notes outstanding 2,595,219 Less: Notes held by F.R. Banks not subject to collateralization 360,762 Federal Reserve notes to be collateralized 2,234,457 Collateral held against Federal Reserve notes 2,234,457 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 2,218,220 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 8,289,605 Less: Face value of securities under reverse repurchase agreements 2,789,382 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 5,500,223 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.