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 20, 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 19, 2024 Federal Reserve Banks Jun 19, 2024 Jun 12, 2024 Jun 21, 2023 Reserve Bank credit 7,221,033 - 706 -1,113,802 7,216,830 Securities held outright1 6,815,102 - 3,392 - 889,907 6,810,058 U.S. Treasury securities 4,458,075 - 3,430 - 687,845 4,453,071 Bills2 195,218 0 - 78,136 195,218 Notes and bonds, nominal2 3,793,872 - 3,863 - 603,044 3,788,720 Notes and bonds, inflation-indexed2 351,111 0 - 17,142 351,111 Inflation compensation3 117,874 + 434 + 10,477 118,022 Federal agency debt securities2 2,347 0 0 2,347 Mortgage-backed securities4 2,354,680 + 38 - 202,061 2,354,640 Unamortized premiums on securities held outright5 265,270 - 461 - 32,062 265,119 Unamortized discounts on securities held outright5 -25,003 + 118 + 2,666 -24,930 Repurchase agreements6 17 + 13 + 17 1 Foreign official 3 + 1 + 3 1 Others 14 + 12 + 14 0 Loans 116,927 - 66 - 174,539 116,922 Primary credit 6,568 + 248 + 3,320 6,683 Secondary credit 0 0 0 0 Seasonal credit 42 + 10 + 17 46 Paycheck Protection Program Liquidity Facility 2,868 - 33 - 4,767 2,855 Bank Term Funding Program 107,449 - 291 + 4,961 107,338 Other credit extensions7 0 0 - 178,069 0 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 11,287 - 87 - 8,625 11,159 Net portfolio holdings of Municipal Liquidity Facility LLC8 0 0 - 5,588 0 Net portfolio holdings of TALF II LLC8 0 0 - 1,712 0 Float -253 - 32 - 82 -208 Central bank liquidity swaps9 120 + 6 - 169 120 Other Federal Reserve assets10 37,566 + 3,197 - 3,804 38,589 Foreign currency denominated assets11 17,759 - 119 - 703 17,765 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 5,200 0 0 5,200 Treasury currency outstanding12 52,952 + 14 + 714 52,952 Total factors supplying reserve funds 7,307,985 - 811 -1,113,791 7,303,788 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 19, 2024 Federal Reserve Banks Jun 19, 2024 Jun 12, 2024 Jun 21, 2023 Currency in circulation12 2,350,205 - 857 + 6,763 2,351,912 Reverse repurchase agreements13 765,055 - 18,747 -1,578,618 764,869 Foreign official and international accounts 382,907 + 4,678 + 48,513 389,327 Others 382,147 - 23,427 -1,627,132 375,542 Treasury cash holdings 411 + 5 + 186 410 Deposits with F.R. Banks, other than reserve balances 878,598 + 44,839 + 387,638 940,203 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 723,410 + 49,837 + 446,560 782,158 Foreign official 9,683 - 19 - 4 9,682 Other14 145,505 - 4,979 - 58,918 148,363 Treasury contributions to credit facilities15 4,958 0 - 8,400 4,958 Other liabilities and capital16 -125,516 - 5,190 - 104,075 -124,730 Total factors, other than reserve balances, absorbing reserve funds 3,873,711 + 20,049 -1,296,507 3,937,622 Reserve balances with Federal Reserve Banks 3,434,274 - 20,860 + 182,716 3,366,166 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 19, 2024 Jun 19, 2024 Jun 12, 2024 Jun 21, 2023 Securities held in custody for foreign official and international accounts 3,309,784 - 20,746 - 115,640 3,307,267 Marketable U.S. Treasury securities1 2,919,878 - 19,327 - 74,133 2,917,368 Federal agency debt and mortgage-backed securities2 308,993 - 1,406 - 40,367 308,940 Other securities3 80,913 - 13 - 1,140 80,959 Securities lent to dealers 36,769 + 4,084 - 3,930 38,416 Overnight facility4 36,769 + 4,084 - 3,930 38,416 U.S. Treasury securities 36,769 + 4,084 - 3,922 38,416 Federal agency debt securities 0 0 - 8 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 19, 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 1,537 7,468 105,147 2,769 0 ... 116,922 U.S. Treasury securities2 Holdings 27,742 237,783 534,963 1,489,256 647,626 1,515,701 4,453,071 Weekly changes + 5,712 - 14,732 - 1,204 - 527 + 1,326 + 834 - 8,590 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 2,321,319 2,354,640 Weekly changes 0 0 0 0 0 - 2 - 2 Loan participations held by MS Facilities 2020 LLC (Main Street Lending Program)5 0 0 0 6,311 ... ... 6,311 Repurchase agreements6 1 0 ... ... ... ... 1 Central bank liquidity swaps7 120 0 0 0 0 0 120 Reverse repurchase agreements6 764,869 0 ... ... ... ... 764,869 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 19, 2024 Mortgage-backed securities held outright1 2,354,640 Residential mortgage-backed securities 2,346,485 Commercial mortgage-backed securities 8,155 Commitments to buy mortgage-backed securities2 81 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 19, 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) 5,250 5,308 5,852 11,159 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 19, 2024 Jun 12, 2024 Jun 21, 2023 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 5,200 0 0 Coin 1,449 - 24 + 119 Securities, unamortized premiums and discounts, repurchase agreements, and loans 7,167,169 - 9,088 -1,089,631 Securities held outright1 6,810,058 - 8,592 - 891,351 U.S. Treasury securities 4,453,071 - 8,590 - 692,641 Bills2 195,218 0 - 77,749 Notes and bonds, nominal2 3,788,720 - 9,015 - 608,203 Notes and bonds, inflation-indexed2 351,111 0 - 17,142 Inflation compensation3 118,022 + 426 + 10,454 Federal agency debt securities2 2,347 0 0 Mortgage-backed securities4 2,354,640 - 2 - 198,710 Unamortized premiums on securities held outright5 265,119 - 446 - 31,929 Unamortized discounts on securities held outright5 -24,930 + 112 + 2,663 Repurchase agreements6 1 - 4 - 1 Loans7 116,922 - 157 - 169,012 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 11,159 - 227 - 8,769 Net portfolio holdings of Municipal Liquidity Facility LLC8 0 0 - 5,590 Net portfolio holdings of TALF II LLC8 0 0 - 1,713 Items in process of collection (0) 52 + 9 - 10 Bank premises 434 + 3 - 27 Central bank liquidity swaps9 120 + 6 - 169 Foreign currency denominated assets10 17,765 - 182 - 702 Other assets11 38,156 + 3,070 - 3,027 Total assets (0) 7,252,542 - 6,432 -1,109,518 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 19, 2024 Jun 12, 2024 Jun 21, 2023 Liabilities Federal Reserve notes, net of F.R. Bank holdings 2,300,815 + 1,272 + 8,372 Reverse repurchase agreements12 764,869 - 67,887 -1,605,400 Deposits (0) 4,306,371 + 65,469 + 599,069 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 3,366,167 - 67,865 + 162,204 U.S. Treasury, General Account 782,158 + 131,946 + 490,052 Foreign official 9,682 - 1 - 5 Other13 (0) 148,363 + 1,389 - 53,183 Deferred availability cash items (0) 260 - 61 + 2 Treasury contributions to credit facilities14 4,958 0 - 8,400 Other liabilities and accrued dividends15 -168,017 - 5,224 - 104,031 Total liabilities (0) 7,209,255 - 6,433 -1,110,390 Capital accounts Capital paid in 36,502 0 + 872 Surplus 6,785 0 0 Other capital accounts 0 0 0 Total capital 43,287 0 + 872 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 19, 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 1,449 39 41 165 46 189 105 253 31 51 100 172 256 Securities, unamortized premiums and discounts, repurchase agreements, and loans1 7,167,169 159,186 3,806,838 107,497 278,330 713,003 481,526 397,928 104,780 49,902 86,160 318,040 663,980 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)2 11,159 11,159 0 0 0 0 0 0 0 0 0 0 0 Central bank liquidity swaps3 120 5 41 4 13 24 4 6 3 1 1 3 15 Foreign currency denominated assets4 17,765 741 6,144 625 1,890 3,505 582 872 400 111 193 427 2,274 Other assets5 38,643 1,084 17,566 685 1,486 4,074 3,562 2,154 963 520 884 1,869 3,797 Interdistrict settlement account 0- 4,594+ 48,323+ 13,317+ 2,601- 53,165- 22,204- 40,436- 1,937- 5,012- 12,352- 3,632 + 79,092 Total assets 7,252,542 168,183 3,884,082 122,811 285,126 668,832 465,844 361,885 104,724 45,844 75,446 318,189 751,576 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 19, 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 2,300,815 87,154 740,767 55,757 114,813 162,861 355,672 113,457 73,118 28,350 36,273 201,441 331,151 Reverse repurchase agreements6 764,869 15,909 411,607 11,396 29,826 76,241 51,173 42,211 10,703 4,778 8,410 33,401 69,214 Deposits 4,306,371 60,609 2,823,439 55,794 143,014 448,585 56,872 215,974 19,732 12,503 30,693 83,337 355,818 Depository institutions 3,366,167 60,553 1,981,500 55,793 142,979 448,128 56,844 118,522 19,727 12,426 30,662 83,250 355,782 U.S. Treasury, General Account 782,158 0 782,158 0 0 0 0 0 0 0 0 0 0 Foreign official 9,682 2 9,656 1 4 8 1 2 1 0 0 1 5 Other7 148,363 54 50,125 0 31 449 26 97,450 4 77 31 86 31 Earnings remittances due to the U.S. Treasury8 -176,443 -3,448 -109,871 -1,848 -7,476 -28,498 89 -12,369 14 -195 -598 -1,413 -10,829 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 8,685 1,174 3,272 202 377 1,100 580 478 174 136 207 264 722 Total liabilities 7,209,255 166,356 3,869,214 121,301 280,555 660,289 464,385 359,751 103,740 45,572 74,985 317,030 746,076 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 7,252,542 168,183 3,884,082 122,811 285,126 668,832 465,844 361,885 104,724 45,844 75,446 318,189 751,576 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 19, 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 19, 2024 Federal Reserve notes outstanding 2,758,126 Less: Notes held by F.R. Banks not subject to collateralization 457,311 Federal Reserve notes to be collateralized 2,300,815 Collateral held against Federal Reserve notes 2,300,815 Gold certificate account 11,037 Special drawing rights certificate account 5,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 2,284,578 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 6,810,059 Less: Face value of securities under reverse repurchase agreements 858,994 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 5,951,065 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.