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 April 18, 2024 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 Apr 17, 2024 Federal Reserve Banks Apr 17, 2024 Apr 10, 2024 Apr 19, 2023 Reserve Bank credit 7,387,980 - 13,591 -1,183,009 7,369,678 Securities held outright1 6,950,875 - 15,502 - 919,619 6,929,720 U.S. Treasury securities 4,560,253 - 15,342 - 713,997 4,539,133 Bills2 195,143 0 - 85,823 195,143 Notes and bonds, nominal2 3,895,303 - 10,460 - 621,450 3,881,355 Notes and bonds, inflation-indexed2 356,075 - 4,537 - 15,972 350,027 Inflation compensation3 113,732 - 345 + 9,248 112,609 Federal agency debt securities2 2,347 0 0 2,347 Mortgage-backed securities4 2,388,275 - 160 - 205,622 2,388,241 Unamortized premiums on securities held outright5 270,139 - 461 - 33,369 269,968 Unamortized discounts on securities held outright5 -24,781 + 42 + 2,551 -24,731 Repurchase agreements6 6 + 6 - 24,994 7 Foreign official 5 + 5 - 24,995 6 Others 1 + 1 + 1 1 Loans 134,852 - 282 - 190,161 137,326 Primary credit 5,852 + 927 - 64,090 8,559 Secondary credit 27 + 8 + 27 34 Seasonal credit 6 + 3 + 4 10 Paycheck Protection Program Liquidity Facility 3,020 - 16 - 5,943 3,017 Bank Term Funding Program 125,946 - 1,205 + 52,456 125,706 Other credit extensions7 0 0 - 172,615 0 Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)8 14,615 - 76 - 7,646 14,505 Net portfolio holdings of Municipal Liquidity Facility LLC8 0 0 - 5,608 0 Net portfolio holdings of TALF II LLC8 0 0 - 1,925 0 Float -296 - 46 - 143 -274 Central bank liquidity swaps9 174 + 24 - 305 174 Other Federal Reserve assets10 42,396 + 2,704 - 1,790 42,982 Foreign currency denominated assets11 17,769 - 266 - 1,086 17,724 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding12 52,826 + 14 + 669 52,826 Total factors supplying reserve funds 7,474,816 - 13,843 -1,183,426 7,456,469 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 Apr 17, 2024 Federal Reserve Banks Apr 17, 2024 Apr 10, 2024 Apr 19, 2023 Currency in circulation12 2,346,587 - 707 + 23,512 2,346,705 Reverse repurchase agreements13 754,946 - 37,107 -1,879,168 795,640 Foreign official and international accounts 352,595 + 1,960 - 13,865 355,132 Others 402,351 - 39,067 -1,865,302 440,508 Treasury cash holdings 442 + 1 + 273 446 Deposits with F.R. Banks, other than reserve balances 952,506 + 85,796 + 572,414 1,085,710 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 796,535 + 91,564 + 629,980 929,932 Foreign official 9,695 + 2 - 92 9,694 Other14 146,277 - 5,769 - 57,472 146,084 Treasury contributions to credit facilities15 7,438 0 - 7,909 7,438 Other liabilities and capital16 -109,819 + 2,303 - 112,112 -109,003 Total factors, other than reserve balances, absorbing reserve funds 3,952,099 + 50,285 -1,402,991 4,126,937 Reserve balances with Federal Reserve Banks 3,522,717 - 64,128 + 219,565 3,329,532 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 outstanding loans to depository institutions that were subsequently placed into Federal Deposit Insurance Corporation (FDIC) receivership, including depository institutions established by the FDIC. The Federal Reserve Banks' loans to these depository institutions are secured by pledged collateral and the FDIC provides repayment guarantees. 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. Includes bank premises, accrued interest, and other accounts receivable. 11. Revalued daily at current foreign currency exchange rates. 12. Estimated. 13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities 14. 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. 15. Book value. Amount of equity investments in MS Facilities LLC of $7.4 billion. 16. 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 Apr 17, 2024 Apr 17, 2024 Apr 10, 2024 Apr 19, 2023 Securities held in custody for foreign official and international accounts 3,369,362 + 10,114 + 31,695 3,362,750 Marketable U.S. Treasury securities1 2,968,999 + 13,073 + 52,914 2,962,467 Federal agency debt and mortgage-backed securities2 319,158 - 3,072 - 20,946 319,119 Other securities3 81,205 + 113 - 274 81,164 Securities lent to dealers 34,875 - 1,101 - 11,406 32,553 Overnight facility4 34,875 - 1,101 - 11,406 32,553 U.S. Treasury securities 34,875 - 1,101 - 11,390 32,553 Federal agency debt securities 0 0 - 16 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, April 17, 2024 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 3,300 23,193 107,822 3,011 0 ... 137,326 U.S. Treasury securities2 Holdings 61,999 244,872 521,232 1,517,634 684,107 1,509,289 4,539,133 Weekly changes - 8,296 + 5,316 - 14,071 - 2,917 - 17,300 + 554 - 36,713 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 34 5,607 30,175 2,352,424 2,388,241 Weekly changes 0 0 0 0 0 - 194 - 194 Loan participations held by MS Facilities LLC (Main Street Lending Program)5 0 0 0 7,016 ... ... 7,016 Repurchase agreements6 7 0 ... ... ... ... 7 Central bank liquidity swaps7 174 0 0 0 0 0 174 Reverse repurchase agreements6 795,640 0 ... ... ... ... 795,640 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), Bank Term Funding Program, 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 Boston (FRBB) to MS Facilities LLC, which were eliminated when preparing the FRBB's statement of condition, 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. Cash value of agreements. 7. 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 Apr 17, 2024 Mortgage-backed securities held outright1 2,388,241 Residential mortgage-backed securities 2,380,057 Commercial mortgage-backed securities 8,183 Commitments to buy mortgage-backed securities2 0 Commitments to sell mortgage-backed securities2 0 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 LLC Millions of dollars Wednesday Apr 17, 2024 Net portfolio holdings of Credit Facilities LLC Outstanding Credit Facilities LLC: 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) 5,857 6,301 8,204 14,505 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 includes loan participations at face value, net of an allowance for loan losses updated as of December 31, 2023. 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. 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 Apr 17, 2024 Apr 10, 2024 Apr 19, 2023 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,528 - 17 + 219 Securities, unamortized premiums and discounts, repurchase agreements, and loans 7,312,290 - 34,460 -1,169,659 Securities held outright1 6,929,720 - 36,909 - 930,739 U.S. Treasury securities 4,539,133 - 36,713 - 725,937 Bills2 195,143 0 - 85,823 Notes and bonds, nominal2 3,881,355 - 24,408 - 634,007 Notes and bonds, inflation-indexed2 350,027 - 10,585 - 15,384 Inflation compensation3 112,609 - 1,719 + 9,279 Federal agency debt securities2 2,347 0 0 Mortgage-backed securities4 2,388,241 - 194 - 204,801 Unamortized premiums on securities held outright5 269,968 - 468 - 33,312 Unamortized discounts on securities held outright5 -24,731 + 11 + 2,517 Repurchase agreements6 7 + 6 - 19,993 Loans7 137,326 + 2,899 - 188,132 Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)8 14,505 - 200 - 7,649 Net portfolio holdings of Municipal Liquidity Facility LLC8 0 0 - 5,610 Net portfolio holdings of TALF II LLC8 0 0 - 1,927 Items in process of collection (0) 65 + 7 + 13 Bank premises 450 + 2 - 4 Central bank liquidity swaps9 174 + 24 - 306 Foreign currency denominated assets10 17,724 - 164 - 1,061 Other assets11 42,533 + 2,137 - 1,775 Total assets (0) 7,405,506 - 32,670 -1,187,757 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 Apr 17, 2024 Apr 10, 2024 Apr 19, 2023 Liabilities Federal Reserve notes, net of F.R. Bank holdings 2,295,848 - 1,047 + 23,001 Reverse repurchase agreements12 795,640 - 3,557 -1,870,703 Deposits (0) 4,415,242 - 30,541 + 779,227 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 3,329,532 - 286,159 + 164,641 U.S. Treasury, General Account 929,932 + 257,395 + 664,837 Foreign official 9,694 + 1 + 10 Other13 (0) 146,084 - 1,778 - 50,262 Deferred availability cash items (0) 339 + 13 + 117 Treasury contributions to credit facilities14 7,438 0 - 7,909 Other liabilities and accrued dividends15 -152,143 + 2,460 - 112,430 Total liabilities (0) 7,362,366 - 32,670 -1,188,695 Capital accounts Capital paid in 36,356 + 1 + 939 Surplus 6,785 0 0 Other capital accounts 0 0 0 Total capital 43,141 + 1 + 939 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 Paycheck Protection Program Liquidity Facility, Bank Term Funding Program, 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 $7.4 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, April 17, 2024 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 16,237 563 5,129 517 761 1,203 2,268 1,108 484 272 460 1,311 2,161 Coin 1,528 46 52 163 52 196 106 272 32 56 109 179 266 Securities, unamortized premiums and discounts, repurchase agreements, and loans1 7,312,290 162,790 3,874,647 110,056 283,435 726,085 490,812 406,190 106,719 51,433 88,488 324,736 686,900 Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)2 14,505 14,505 0 0 0 0 0 0 0 0 0 0 0 Central bank liquidity swaps3 174 7 60 6 19 34 6 9 4 1 2 4 22 Foreign currency denominated assets4 17,724 739 6,129 624 1,886 3,497 581 870 399 111 193 426 2,269 Other assets5 43,048 1,116 20,086 764 1,658 4,481 3,874 2,396 788 545 902 2,037 4,401 Interdistrict settlement account 0- 4,497+ 80,826+ 1,109+ 5,200- 51,679- 24,976- 40,496- 2,512- 3,190- 11,664- 11,804 + 63,684 Total assets 7,405,506 175,269 3,986,929 113,240 293,010 683,817 472,670 370,348 105,913 49,229 78,488 316,890 759,703 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, April 17, 2024 (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 2,295,848 84,092 746,564 51,080 110,418 162,386 355,131 120,900 72,054 30,828 39,687 195,191 327,517 Reverse repurchase agreements6 795,640 16,549 428,166 11,854 31,026 79,308 53,232 43,910 11,133 4,970 8,748 34,745 71,998 Deposits 4,415,242 67,177 2,894,897 50,185 153,379 458,378 61,968 214,250 21,573 13,243 29,960 87,083 363,150 Depository institutions 3,329,532 67,124 1,906,568 50,184 153,346 457,862 61,940 117,719 21,558 13,179 29,930 87,007 363,114 U.S. Treasury, General Account 929,932 0 929,932 0 0 0 0 0 0 0 0 0 0 Foreign official 9,694 2 9,668 1 4 8 1 2 1 0 0 1 5 Other7 146,084 52 48,729 0 29 508 26 96,529 14 63 29 75 31 Earnings remittances due to the U.S. Treasury8 -164,266 -3,252 -102,773 -1,634 -6,944 -26,225 116 -11,534 -5 -217 -582 -1,621 -9,594 Treasury contributions to credit facilities9 7,438 7,438 0 0 0 0 0 0 0 0 0 0 0 Other liabilities and accrued dividends 12,462 1,456 5,222 244 552 1,514 755 698 179 133 218 359 1,133 Total liabilities 7,362,366 173,461 3,972,076 111,730 288,431 675,362 471,202 368,222 104,935 48,957 78,031 315,756 754,203 Capital Capital paid in 36,356 1,525 12,508 1,271 3,856 7,116 1,247 1,792 826 229 384 970 4,631 Surplus 6,785 283 2,346 239 722 1,339 222 333 153 42 74 163 869 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 7,405,506 175,269 3,986,929 113,240 293,010 683,817 472,670 370,348 105,913 49,229 78,488 316,890 759,703 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, April 17, 2024 (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, Bank Term Funding Program, 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. The Federal Reserve Banks remit residual net earnings 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. Positive amounts represent the estimated weekly remittances due to U.S. Treasury. Negative amounts represent the cumulative deferred asset position, which is incurred during a period when earnings are not sufficient to provide for the cost of operations, payment of dividends, and maintaining surplus. The deferred asset is the amount of net earnings that the Federal Reserve Banks need to realize before remittances to the U.S. Treasury resume. 9. Book value. Amount of equity investments in MS Facilities LLC of $7.4 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 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 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 Apr 17, 2024 Federal Reserve notes outstanding 2,733,342 Less: Notes held by F.R. Banks not subject to collateralization 437,494 Federal Reserve notes to be collateralized 2,295,848 Collateral held against Federal Reserve notes 2,295,848 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 2,279,612 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 6,929,727 Less: Face value of securities under reverse repurchase agreements 933,805 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 5,995,923 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.