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 August 8, 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 Aug 7, 2024 Federal Reserve Banks Aug 7, 2024 Jul 31, 2024 Aug 9, 2023 Reserve Bank credit 7,135,585 - 10,183 -1,035,851 7,133,764 Securities held outright1 6,734,175 - 8,727 - 833,975 6,734,187 U.S. Treasury securities 4,413,637 - 8,728 - 634,606 4,413,650 Bills2 195,293 0 - 64,129 195,293 Notes and bonds, nominal2 3,757,428 - 9,712 - 558,171 3,757,428 Notes and bonds, inflation-indexed2 344,044 + 898 - 20,505 344,044 Inflation compensation3 116,872 + 86 + 8,198 116,885 Federal agency debt securities2 2,347 0 0 2,347 Mortgage-backed securities4 2,318,190 0 - 199,369 2,318,190 Unamortized premiums on securities held outright5 261,293 - 458 - 31,206 261,148 Unamortized discounts on securities held outright5 -24,506 - 81 + 2,684 -24,425 Repurchase agreements6 6 + 5 + 6 10 Foreign official 4 + 4 + 4 5 Others 1 0 + 1 5 Loans 108,684 - 2,877 - 152,576 105,772 Primary credit 4,402 - 2,211 + 2,271 2,232 Secondary credit 0 - 1 0 0 Seasonal credit 68 - 3 + 7 68 Paycheck Protection Program Liquidity Facility 2,676 - 24 - 3,582 2,615 Bank Term Funding Program 101,538 - 638 - 4,568 100,858 Other credit extensions7 0 0 - 146,705 0 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 10,880 + 13 - 8,875 10,891 Net portfolio holdings of Municipal Liquidity Facility LLC8 0 0 - 5,607 0 Net portfolio holdings of TALF II LLC8 0 0 - 1,578 0 Float -324 + 95 - 171 -321 Central bank liquidity swaps9 150 - 5 - 79 149 Other Federal Reserve assets10 45,228 + 1,853 - 4,474 46,354 Foreign currency denominated assets11 18,456 + 367 - 81 18,434 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 10,200 0 + 5,000 10,200 Treasury currency outstanding12 53,050 + 14 + 728 53,050 Total factors supplying reserve funds 7,228,332 - 9,802 -1,030,204 7,226,488 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 Aug 7, 2024 Federal Reserve Banks Aug 7, 2024 Jul 31, 2024 Aug 9, 2023 Currency in circulation12 2,349,486 + 2,179 + 16,363 2,350,210 Reverse repurchase agreements13 718,528 - 65,565 -1,366,099 681,881 Foreign official and international accounts 395,790 - 4,483 + 103,111 395,221 Others 322,738 - 61,082 -1,469,210 286,660 Treasury cash holdings 403 + 1 + 122 399 Deposits with F.R. Banks, other than reserve balances 937,072 - 6,744 + 298,603 949,554 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 770,931 - 15,555 + 326,337 785,233 Foreign official 9,679 - 5 - 8 9,680 Other14 156,462 + 8,816 - 27,727 154,641 Treasury contributions to credit facilities15 4,958 0 - 8,400 4,958 Other liabilities and capital16 -133,777 + 2,184 - 99,597 -133,430 Total factors, other than reserve balances, absorbing reserve funds 3,876,671 - 67,944 -1,159,009 3,853,572 Reserve balances with Federal Reserve Banks 3,351,662 + 58,143 + 128,806 3,372,916 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 Aug 7, 2024 Aug 7, 2024 Jul 31, 2024 Aug 9, 2023 Securities held in custody for foreign official and international accounts 3,313,277 + 12,099 - 140,963 3,296,206 Marketable U.S. Treasury securities1 2,931,814 + 11,932 - 87,705 2,914,802 Federal agency debt and mortgage-backed securities2 301,206 + 99 - 51,470 301,171 Other securities3 80,256 + 66 - 1,789 80,233 Securities lent to dealers 36,689 + 496 - 4,162 36,654 Overnight facility4 36,689 + 496 - 4,162 36,654 U.S. Treasury securities 36,689 + 496 - 4,162 36,654 Federal agency debt securities 0 0 0 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, August 7, 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 1,622 808 101,138 2,203 0 ... 105,772 U.S. Treasury securities2 Holdings 79,828 166,965 535,307 1,472,812 637,854 1,520,884 4,413,650 Weekly changes - 4,213 + 31,811 - 27,593 + 16 + 4 + 10 + 35 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 26 6,285 25,726 2,286,153 2,318,190 Weekly changes 0 + 1 + 1 + 102 + 74 - 178 0 Loan participations held by MS Facilities 2020 LLC (Main Street Lending Program)5 0 0 0 5,827 ... ... 5,827 Repurchase agreements6 10 0 ... ... ... ... 10 Central bank liquidity swaps7 149 0 0 0 0 0 149 Reverse repurchase agreements6 681,881 0 ... ... ... ... 681,881 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 Aug 7, 2024 Mortgage-backed securities held outright1 2,318,190 Residential mortgage-backed securities 2,310,058 Commercial mortgage-backed securities 8,132 Commitments to buy mortgage-backed securities2 0 Commitments to sell mortgage-backed securities2 146 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 Aug 7, 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) 4,903 4,925 5,965 10,891 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 June 30, 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 Aug 7, 2024 Jul 31, 2024 Aug 9, 2023 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 10,200 0 + 5,000 Coin 1,447 + 13 + 32 Securities, unamortized premiums and discounts, repurchase agreements, and loans 7,076,692 - 6,440 -1,017,199 Securities held outright1 6,734,187 + 35 - 834,090 U.S. Treasury securities 4,413,650 + 35 - 634,720 Bills2 195,293 0 - 64,129 Notes and bonds, nominal2 3,757,428 0 - 558,171 Notes and bonds, inflation-indexed2 344,044 0 - 20,505 Inflation compensation3 116,885 + 35 + 8,085 Federal agency debt securities2 2,347 0 0 Mortgage-backed securities4 2,318,190 0 - 199,369 Unamortized premiums on securities held outright5 261,148 - 442 - 31,178 Unamortized discounts on securities held outright5 -24,425 - 55 + 2,673 Repurchase agreements6 10 + 5 + 10 Loans7 105,772 - 5,983 - 154,614 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 10,891 + 13 - 8,880 Net portfolio holdings of Municipal Liquidity Facility LLC8 0 0 - 5,609 Net portfolio holdings of TALF II LLC8 0 0 - 1,579 Items in process of collection (0) 50 - 5 - 9 Bank premises 431 - 7 - 9 Central bank liquidity swaps9 149 - 6 - 80 Foreign currency denominated assets10 18,434 + 224 - 27 Other assets11 45,926 + 3,076 - 4,624 Total assets (0) 7,175,256 - 3,135 -1,032,985 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 Aug 7, 2024 Jul 31, 2024 Aug 9, 2023 Liabilities Federal Reserve notes, net of F.R. Bank holdings 2,299,002 + 1,541 + 16,382 Reverse repurchase agreements12 681,881 - 131,380 -1,414,571 Deposits (0) 4,322,473 + 125,415 + 473,136 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 3,372,919 + 194,219 + 144,337 U.S. Treasury, General Account 785,233 - 68,768 + 352,971 Foreign official 9,680 - 5 - 6 Other13 (0) 154,641 - 32 - 24,166 Deferred availability cash items (0) 372 - 713 + 74 Treasury contributions to credit facilities14 4,958 0 - 8,400 Other liabilities and accrued dividends15 -176,838 + 1,892 - 100,304 Total liabilities (0) 7,131,848 - 3,245 -1,033,683 Capital accounts Capital paid in 36,623 + 111 + 698 Surplus 6,785 0 0 Other capital accounts 0 0 0 Total capital 43,408 + 111 + 698 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, August 7, 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 21,237 729 6,619 657 997 1,557 2,999 1,417 635 355 599 1,786 2,887 Coin 1,447 44 43 169 48 183 105 249 33 48 101 178 246 Securities, unamortized premiums and discounts, repurchase agreements, and loans1 7,076,692 157,069 3,759,576 106,198 275,188 704,200 475,639 392,409 103,528 49,258 85,164 314,290 654,173 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)2 10,891 10,891 0 0 0 0 0 0 0 0 0 0 0 Central bank liquidity swaps3 149 6 51 5 16 29 5 7 3 1 2 4 19 Foreign currency denominated assets4 18,434 769 6,375 649 1,961 3,636 604 905 415 115 201 443 2,360 Other assets5 46,407 1,306 21,553 803 1,771 4,825 4,061 2,582 1,073 614 988 2,242 4,589 Interdistrict settlement account 0+ 4,826+ 20,018+ 17,814+ 8,992- 57,022- 17,398- 34,088+ 3,673- 3,341- 15,051+ 24 + 71,553 Total assets 7,175,256 175,639 3,814,236 126,296 288,972 657,409 466,015 363,482 109,360 47,050 72,003 318,967 735,827 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, August 7, 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 2,299,002 86,568 741,616 56,549 115,497 161,998 356,962 109,783 76,126 27,985 32,697 202,210 331,010 Reverse repurchase agreements6 681,881 14,183 366,948 10,159 26,590 67,969 45,621 37,632 9,542 4,260 7,497 29,777 61,704 Deposits 4,322,473 70,414 2,802,462 59,899 149,905 447,849 61,162 226,446 22,520 14,586 31,752 86,832 348,647 Depository institutions 3,372,919 70,360 1,954,203 59,898 149,871 447,229 61,135 126,096 22,514 14,533 31,722 86,756 348,602 U.S. Treasury, General Account 785,233 0 785,233 0 0 0 0 0 0 0 0 0 0 Foreign official 9,680 2 9,654 1 4 8 1 2 1 0 0 1 5 Other7 154,641 52 53,372 0 29 613 26 100,348 5 52 29 75 40 Earnings remittances due to the U.S. Treasury8 -188,104 -3,620 -116,599 -2,090 -8,052 -30,345 53 -13,194 1 -196 -631 -1,381 -12,051 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 11,638 1,294 4,933 252 459 1,381 751 673 181 143 222 341 1,008 Total liabilities 7,131,848 173,797 3,799,360 124,770 284,398 648,852 464,549 361,339 108,370 46,777 71,537 317,779 730,319 Capital Capital paid in 36,623 1,559 12,531 1,286 3,852 7,218 1,244 1,810 837 231 392 1,024 4,639 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 7,175,256 175,639 3,814,236 126,296 288,972 657,409 466,015 363,482 109,360 47,050 72,003 318,967 735,827 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, August 7, 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 Aug 7, 2024 Federal Reserve notes outstanding 2,766,485 Less: Notes held by F.R. Banks not subject to collateralization 467,483 Federal Reserve notes to be collateralized 2,299,002 Collateral held against Federal Reserve notes 2,299,002 Gold certificate account 11,037 Special drawing rights certificate account 10,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 2,277,765 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 6,734,197 Less: Face value of securities under reverse repurchase agreements 787,680 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 5,946,518 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.