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 June 6, 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 Jun 5, 2024 Federal Reserve Banks Jun 5, 2024 May 29, 2024 Jun 7, 2023 Reserve Bank credit 7,222,647 - 37,693 -1,130,636 7,219,257 Securities held outright1 6,822,113 - 33,826 - 900,488 6,818,225 U.S. Treasury securities 4,465,123 - 24,114 - 696,895 4,461,236 Bills2 195,218 0 - 83,250 195,218 Notes and bonds, nominal2 3,801,974 - 25,432 - 607,079 3,797,735 Notes and bonds, inflation-indexed2 350,975 + 814 - 17,278 351,111 Inflation compensation3 116,956 + 504 + 10,712 117,172 Federal agency debt securities2 2,347 0 0 2,347 Mortgage-backed securities4 2,354,642 - 9,713 - 203,594 2,354,642 Unamortized premiums on securities held outright5 266,222 - 578 - 32,262 265,994 Unamortized discounts on securities held outright5 -25,332 - 66 + 2,520 -25,233 Repurchase agreements6 16 + 15 + 16 106 Foreign official 0 - 1 0 0 Others 16 + 15 + 16 106 Loans 117,399 - 849 - 180,151 116,968 Primary credit 6,499 - 170 + 3,443 6,188 Secondary credit 0 0 0 0 Seasonal credit 31 - 4 + 17 33 Paycheck Protection Program Liquidity Facility 2,915 - 6 - 4,982 2,913 Bank Term Funding Program 107,954 - 668 + 8,419 107,834 Other credit extensions7 0 0 - 187,048 0 Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)8 11,364 + 52 - 8,918 11,373 Net portfolio holdings of Municipal Liquidity Facility LLC8 0 0 - 5,582 0 Net portfolio holdings of TALF II LLC8 0 0 - 1,709 0 Float -474 - 105 - 248 -717 Central bank liquidity swaps9 129 + 17 - 214 129 Other Federal Reserve assets10 31,211 - 2,351 - 3,600 32,412 Foreign currency denominated assets11 17,988 + 95 - 352 17,953 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding12 52,924 + 14 + 701 52,924 Total factors supplying reserve funds 7,309,800 - 37,583 -1,130,287 7,306,375 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 Jun 5, 2024 Federal Reserve Banks Jun 5, 2024 May 29, 2024 Jun 7, 2023 Currency in circulation12 2,353,070 + 605 + 9,243 2,353,159 Reverse repurchase agreements13 792,037 - 20,226 -1,698,409 745,845 Foreign official and international accounts 376,581 + 2,819 + 30,988 374,004 Others 415,455 - 23,046 -1,729,398 371,841 Treasury cash holdings 419 - 20 + 174 405 Deposits with F.R. Banks, other than reserve balances 874,076 - 11,017 + 614,011 866,128 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 710,309 + 5,974 + 665,553 703,314 Foreign official 9,745 + 61 - 149 9,677 Other14 154,022 - 17,052 - 51,392 153,138 Treasury contributions to credit facilities15 4,958 0 - 8,400 4,958 Other liabilities and capital16 -123,071 - 5,894 - 105,467 -121,859 Total factors, other than reserve balances, absorbing reserve funds 3,901,489 - 36,552 -1,188,847 3,848,637 Reserve balances with Federal Reserve Banks 3,408,310 - 1,032 + 58,559 3,457,738 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 $5.0 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 Jun 5, 2024 Jun 5, 2024 May 29, 2024 Jun 7, 2023 Securities held in custody for foreign official and international accounts 3,323,848 + 2,031 - 83,353 3,327,543 Marketable U.S. Treasury securities1 2,932,179 + 2,249 - 51,131 2,936,038 Federal agency debt and mortgage-backed securities2 310,714 - 151 - 31,816 310,574 Other securities3 80,956 - 66 - 404 80,930 Securities lent to dealers 31,887 - 415 - 17,118 32,426 Overnight facility4 31,887 - 415 - 17,118 32,426 U.S. Treasury securities 31,887 - 415 - 17,109 32,426 Federal agency debt securities 0 0 - 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, June 5, 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 1,140 7,369 105,594 2,866 0 ... 116,968 U.S. Treasury securities2 Holdings 20,735 253,236 536,685 1,489,600 646,234 1,514,746 4,461,236 Weekly changes - 40,185 + 22,376 + 3,877 - 12,708 - 2,661 + 1,093 - 28,208 Federal agency debt securities3 Holdings 0 0 0 486 1,861 0 2,347 Weekly changes 0 0 0 0 0 0 0 Mortgage-backed securities4 Holdings 0 1 31 5,762 27,527 2,321,321 2,354,642 Weekly changes 0 + 1 0 + 176 + 21 - 199 0 Loan participations held by MS Facilities LLC (Main Street Lending Program)5 0 0 0 6,453 ... ... 6,453 Repurchase agreements6 106 0 ... ... ... ... 106 Central bank liquidity swaps7 129 0 0 0 0 0 129 Reverse repurchase agreements6 745,845 0 ... ... ... ... 745,845 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 Jun 5, 2024 Mortgage-backed securities held outright1 2,354,642 Residential mortgage-backed securities 2,346,483 Commercial mortgage-backed securities 8,159 Commitments to buy mortgage-backed securities2 92 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 Jun 5, 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) 5,486 5,454 5,918 11,373 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 credit losses updated as of March 31, 2024. 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 Jun 5, 2024 May 29, 2024 Jun 7, 2023 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,476 - 2 + 171 Securities, unamortized premiums and discounts, repurchase agreements, and loans 7,176,061 - 29,419 -1,113,300 Securities held outright1 6,818,225 - 28,209 - 904,180 U.S. Treasury securities 4,461,236 - 28,208 - 700,586 Bills2 195,218 0 - 82,848 Notes and bonds, nominal2 3,797,735 - 29,671 - 611,318 Notes and bonds, inflation-indexed2 351,111 + 950 - 17,142 Inflation compensation3 117,172 + 513 + 10,723 Federal agency debt securities2 2,347 0 0 Mortgage-backed securities4 2,354,642 0 - 203,594 Unamortized premiums on securities held outright5 265,994 - 462 - 32,326 Unamortized discounts on securities held outright5 -25,233 - 42 + 2,527 Repurchase agreements6 106 + 101 + 106 Loans7 116,968 - 807 - 179,428 Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)8 11,373 + 13 - 8,928 Net portfolio holdings of Municipal Liquidity Facility LLC8 0 0 - 5,584 Net portfolio holdings of TALF II LLC8 0 0 - 1,710 Items in process of collection (0) 47 - 6 - 18 Bank premises 432 - 13 - 15 Central bank liquidity swaps9 129 + 17 - 214 Foreign currency denominated assets10 17,953 + 120 - 334 Other assets11 31,980 + 657 - 3,704 Total assets (0) 7,255,687 - 28,632 -1,133,638 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 Jun 5, 2024 May 29, 2024 Jun 7, 2023 Liabilities Federal Reserve notes, net of F.R. Bank holdings 2,302,112 - 878 + 8,644 Reverse repurchase agreements12 745,845 - 78,757 -1,762,231 Deposits (0) 4,323,867 + 55,852 + 732,582 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 3,457,738 + 66,661 + 151,584 U.S. Treasury, General Account 703,314 - 12,706 + 625,814 Foreign official 9,677 - 7 - 8 Other13 (0) 153,138 + 1,905 - 44,808 Deferred availability cash items (0) 764 + 166 + 221 Treasury contributions to credit facilities14 4,958 0 - 8,400 Other liabilities and accrued dividends15 -165,146 - 5,112 - 105,328 Total liabilities (0) 7,212,400 - 28,729 -1,134,512 Capital accounts Capital paid in 36,502 + 97 + 874 Surplus 6,785 0 0 Other capital accounts 0 0 0 Total capital 43,287 + 97 + 874 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 $5.0 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, June 5, 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 1,476 44 44 166 44 196 115 255 29 51 102 168 263 Securities, unamortized premiums and discounts, repurchase agreements, and loans1 7,176,061 159,438 3,811,624 107,629 278,706 713,807 482,135 398,402 104,812 50,001 86,299 318,533 664,675 Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)2 11,373 11,373 0 0 0 0 0 0 0 0 0 0 0 Central bank liquidity swaps3 129 5 44 5 14 25 4 6 3 1 1 3 16 Foreign currency denominated assets4 17,953 749 6,209 632 1,910 3,542 588 881 404 112 195 432 2,298 Other assets5 32,459 938 14,363 591 1,240 3,436 3,147 1,810 848 496 789 1,590 3,212 Interdistrict settlement account 0- 4,937+ 2,143+ 12,138+ 8,079- 25,283- 18,479- 30,424- 344- 4,347- 12,071- 3,504 + 77,027 Total assets 7,255,687 168,173 3,839,556 121,679 290,754 696,926 469,779 372,038 106,237 46,587 75,776 318,532 749,652 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, June 5, 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 2,302,112 87,191 740,498 54,159 113,927 162,705 356,693 115,657 72,607 28,880 36,822 201,053 331,920 Reverse repurchase agreements6 745,845 15,513 401,369 11,112 29,084 74,345 49,900 41,162 10,437 4,659 8,201 32,570 67,492 Deposits 4,323,867 60,932 2,787,773 56,486 150,119 478,249 60,539 224,765 22,020 12,842 30,677 84,937 354,527 Depository institutions 3,457,738 60,879 2,026,012 56,484 150,085 477,792 60,514 121,190 22,015 12,773 30,648 84,863 354,483 U.S. Treasury, General Account 703,314 0 703,314 0 0 0 0 0 0 0 0 0 0 Foreign official 9,677 2 9,651 1 4 8 1 2 1 0 0 1 5 Other7 153,138 52 48,797 0 29 450 23 103,573 4 69 29 73 39 Earnings remittances due to the U.S. Treasury8 -173,273 -3,404 -108,090 -1,792 -7,310 -27,916 96 -12,169 24 -186 -589 -1,445 -10,492 Treasury contributions to credit facilities9 4,958 4,958 0 0 0 0 0 0 0 0 0 0 0 Other liabilities and accrued dividends 8,891 1,154 3,137 205 362 1,000 1,092 489 167 118 204 258 705 Total liabilities 7,212,400 166,346 3,824,688 120,169 286,183 688,383 468,320 369,904 105,254 46,314 75,315 317,373 744,152 Capital Capital paid in 36,502 1,544 12,522 1,271 3,849 7,205 1,236 1,801 830 230 387 996 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 7,255,687 168,173 3,839,556 121,679 290,754 696,926 469,779 372,038 106,237 46,587 75,776 318,532 749,652 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, June 5, 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 $5.0 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 Jun 5, 2024 Federal Reserve notes outstanding 2,753,133 Less: Notes held by F.R. Banks not subject to collateralization 451,020 Federal Reserve notes to be collateralized 2,302,112 Collateral held against Federal Reserve notes 2,302,112 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 2,285,875 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 6,818,331 Less: Face value of securities under reverse repurchase agreements 868,087 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 5,950,244 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.