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 13, 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 12, 2024 Federal Reserve Banks Jun 12, 2024 Jun 5, 2024 Jun 14, 2023 Reserve Bank credit 7,221,739 - 908 -1,131,018 7,222,996 Securities held outright1 6,818,494 - 3,619 - 902,500 6,818,650 U.S. Treasury securities 4,461,505 - 3,618 - 698,924 4,461,661 Bills2 195,218 0 - 81,102 195,218 Notes and bonds, nominal2 3,797,735 - 4,239 - 611,318 3,797,735 Notes and bonds, inflation-indexed2 351,111 + 136 - 17,142 351,111 Inflation compensation3 117,440 + 484 + 10,637 117,596 Federal agency debt securities2 2,347 0 0 2,347 Mortgage-backed securities4 2,354,642 0 - 203,576 2,354,642 Unamortized premiums on securities held outright5 265,731 - 491 - 32,239 265,565 Unamortized discounts on securities held outright5 -25,121 + 211 + 2,579 -25,042 Repurchase agreements6 4 - 12 + 3 5 Foreign official 2 + 2 + 2 5 Others 2 - 14 + 1 0 Loans 116,993 - 406 - 178,405 117,079 Primary credit 6,320 - 179 + 3,003 6,461 Secondary credit 0 0 - 1 0 Seasonal credit 32 + 1 + 11 36 Paycheck Protection Program Liquidity Facility 2,901 - 14 - 4,905 2,893 Bank Term Funding Program 107,740 - 214 + 6,185 107,690 Other credit extensions7 0 0 - 182,699 0 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 11,374 + 10 - 8,931 11,386 Net portfolio holdings of Municipal Liquidity Facility LLC8 0 0 - 5,585 0 Net portfolio holdings of TALF II LLC8 0 0 - 1,710 0 Float -221 + 253 - 56 -278 Central bank liquidity swaps9 114 - 15 - 223 114 Other Federal Reserve assets10 34,369 + 3,158 - 3,954 35,517 Foreign currency denominated assets11 17,878 - 110 - 519 17,947 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding12 52,938 + 14 + 708 52,938 Total factors supplying reserve funds 7,308,796 - 1,004 -1,130,830 7,310,123 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 12, 2024 Federal Reserve Banks Jun 12, 2024 Jun 5, 2024 Jun 14, 2023 Currency in circulation12 2,351,062 - 2,008 + 8,992 2,350,601 Reverse repurchase agreements13 783,802 - 8,235 -1,675,596 832,756 Foreign official and international accounts 378,229 + 1,648 + 38,153 385,182 Others 405,574 - 9,881 -1,713,747 447,574 Treasury cash holdings 406 - 13 + 172 411 Deposits with F.R. Banks, other than reserve balances 833,759 - 40,317 + 518,342 806,870 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 673,573 - 36,736 + 571,455 650,212 Foreign official 9,702 - 43 + 16 9,683 Other14 150,484 - 3,538 - 53,129 146,974 Treasury contributions to credit facilities15 4,958 0 - 8,400 4,958 Other liabilities and capital16 -120,326 + 2,745 - 104,212 -119,506 Total factors, other than reserve balances, absorbing reserve funds 3,853,662 - 47,827 -1,260,702 3,876,091 Reserve balances with Federal Reserve Banks 3,455,134 + 46,824 + 129,873 3,434,032 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 2020 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 12, 2024 Jun 12, 2024 Jun 5, 2024 Jun 14, 2023 Securities held in custody for foreign official and international accounts 3,330,530 + 6,682 - 78,548 3,323,348 Marketable U.S. Treasury securities1 2,939,205 + 7,026 - 43,671 2,932,148 Federal agency debt and mortgage-backed securities2 310,399 - 315 - 34,132 310,326 Other securities3 80,926 - 30 - 745 80,874 Securities lent to dealers 32,685 + 798 - 13,878 34,197 Overnight facility4 32,685 + 798 - 13,878 34,197 U.S. Treasury securities 32,685 + 798 - 13,869 34,197 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 12, 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 1,498 7,280 105,459 2,843 0 ... 117,079 U.S. Treasury securities2 Holdings 22,030 252,515 536,167 1,489,783 646,300 1,514,867 4,461,661 Weekly changes + 1,295 - 721 - 518 + 183 + 66 + 121 + 425 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 0 0 0 0 0 0 Loan participations held by MS Facilities 2020 LLC (Main Street Lending Program)5 0 0 0 6,380 ... ... 6,380 Repurchase agreements6 5 0 ... ... ... ... 5 Central bank liquidity swaps7 114 0 0 0 0 0 114 Reverse repurchase agreements6 832,756 0 ... ... ... ... 832,756 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 2020 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 2020 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 12, 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 12, 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 2020 LLC (Main Street Lending Program) 5,486 5,381 6,005 11,386 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 12, 2024 Jun 5, 2024 Jun 14, 2023 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,473 - 3 + 156 Securities, unamortized premiums and discounts, repurchase agreements, and loans 7,176,257 + 196 -1,108,487 Securities held outright1 6,818,650 + 425 - 902,120 U.S. Treasury securities 4,461,661 + 425 - 698,590 Bills2 195,218 0 - 80,718 Notes and bonds, nominal2 3,797,735 0 - 611,318 Notes and bonds, inflation-indexed2 351,111 0 - 17,142 Inflation compensation3 117,596 + 424 + 10,587 Federal agency debt securities2 2,347 0 0 Mortgage-backed securities4 2,354,642 0 - 203,530 Unamortized premiums on securities held outright5 265,565 - 429 - 32,202 Unamortized discounts on securities held outright5 -25,042 + 191 + 2,563 Repurchase agreements6 5 - 101 + 5 Loans7 117,079 + 111 - 176,733 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 11,386 + 13 - 8,938 Net portfolio holdings of Municipal Liquidity Facility LLC8 0 0 - 5,587 Net portfolio holdings of TALF II LLC8 0 0 - 1,712 Items in process of collection (0) 43 - 4 - 13 Bank premises 431 - 1 - 25 Central bank liquidity swaps9 114 - 15 - 223 Foreign currency denominated assets10 17,947 - 6 - 547 Other assets11 35,086 + 3,106 - 3,973 Total assets (0) 7,258,974 + 3,287 -1,129,349 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 12, 2024 Jun 5, 2024 Jun 14, 2023 Liabilities Federal Reserve notes, net of F.R. Bank holdings 2,299,543 - 2,569 + 7,308 Reverse repurchase agreements12 832,756 + 86,911 -1,604,315 Deposits (0) 4,240,902 - 82,965 + 579,870 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 3,434,032 - 23,706 + 127,721 U.S. Treasury, General Account 650,212 - 53,102 + 515,355 Foreign official 9,683 + 6 - 2 Other13 (0) 146,974 - 6,164 - 63,205 Deferred availability cash items (0) 321 - 443 - 62 Treasury contributions to credit facilities14 4,958 0 - 8,400 Other liabilities and accrued dividends15 -162,793 + 2,353 - 104,625 Total liabilities (0) 7,215,688 + 3,288 -1,130,222 Capital accounts Capital paid in 36,502 0 + 874 Surplus 6,785 0 0 Other capital accounts 0 0 0 Total capital 43,287 0 + 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 2020 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 12, 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 1,473 41 45 166 45 192 115 254 31 50 102 172 260 Securities, unamortized premiums and discounts, repurchase agreements, and loans1 7,176,257 159,422 3,811,701 107,633 278,702 713,841 482,127 398,482 104,814 49,984 86,289 318,536 664,727 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)2 11,386 11,386 0 0 0 0 0 0 0 0 0 0 0 Central bank liquidity swaps3 114 5 39 4 12 23 4 6 3 1 1 3 15 Foreign currency denominated assets4 17,947 749 6,207 632 1,909 3,541 588 881 404 112 195 432 2,298 Other assets5 35,561 1,012 15,969 639 1,360 3,749 3,350 1,985 895 530 830 1,732 3,509 Interdistrict settlement account 0- 6,934- 33,990+ 13,447+ 14,554- 14,252- 13,827- 37,856+ 2,193- 4,802- 11,434- 4,268 + 97,168 Total assets 7,258,974 166,244 3,805,100 123,038 297,343 708,296 474,625 364,860 108,824 46,147 76,444 317,917 770,137 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 12, 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 2,299,543 87,357 740,533 55,253 114,279 162,713 356,168 114,053 72,616 28,318 36,391 201,039 330,823 Reverse repurchase agreements6 832,756 17,321 448,140 12,407 32,473 83,008 55,715 45,958 11,653 5,202 9,156 36,366 75,357 Deposits 4,240,902 56,973 2,705,245 55,428 152,887 480,515 60,508 214,277 23,376 12,415 30,805 80,441 368,033 Depository institutions 3,434,032 56,919 1,996,509 55,427 152,854 480,159 60,480 116,893 23,371 12,358 30,776 80,297 367,989 U.S. Treasury, General Account 650,212 0 650,212 0 0 0 0 0 0 0 0 0 0 Foreign official 9,683 2 9,657 1 4 8 1 2 1 0 0 1 5 Other7 146,974 52 48,867 0 29 347 26 97,382 4 56 29 144 38 Earnings remittances due to the U.S. Treasury8 -174,860 -3,423 -108,957 -1,821 -7,385 -28,211 83 -12,278 18 -197 -602 -1,429 -10,659 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 12,388 1,231 5,271 261 518 1,727 693 715 178 136 234 340 1,084 Total liabilities 7,215,688 164,417 3,790,232 121,528 292,772 699,752 473,166 362,726 107,841 45,874 75,984 316,758 764,638 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 7,258,974 166,244 3,805,100 123,038 297,343 708,296 474,625 364,860 108,824 46,147 76,444 317,917 770,137 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 12, 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 2020 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 2020 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 2020 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 2020 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 12, 2024 Federal Reserve notes outstanding 2,756,386 Less: Notes held by F.R. Banks not subject to collateralization 456,843 Federal Reserve notes to be collateralized 2,299,543 Collateral held against Federal Reserve notes 2,299,543 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 2,283,306 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 6,818,655 Less: Face value of securities under reverse repurchase agreements 986,014 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 5,832,641 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.