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 15, 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 14, 2024 Federal Reserve Banks Aug 14, 2024 Aug 7, 2024 Aug 16, 2023 Reserve Bank credit 7,135,096 - 489 -1,018,617 7,136,028 Securities held outright1 6,734,191 + 16 - 822,099 6,734,156 U.S. Treasury securities 4,413,672 + 35 - 622,733 4,413,685 Bills2 195,293 0 - 64,129 195,293 Notes and bonds, nominal2 3,757,428 0 - 545,988 3,757,428 Notes and bonds, inflation-indexed2 344,044 0 - 20,505 344,044 Inflation compensation3 116,907 + 35 + 7,889 116,920 Federal agency debt securities2 2,347 0 0 2,347 Mortgage-backed securities4 2,318,171 - 19 - 199,367 2,318,124 Unamortized premiums on securities held outright5 260,846 - 447 - 31,130 260,671 Unamortized discounts on securities held outright5 -24,651 - 145 + 2,769 -24,570 Repurchase agreements6 15 + 9 - 131 0 Foreign official 1 - 3 - 143 0 Others 15 + 14 + 13 0 Loans 105,603 - 3,081 - 152,414 105,531 Primary credit 2,312 - 2,090 + 481 2,410 Secondary credit 3 + 3 + 3 0 Seasonal credit 75 + 7 + 17 80 Paycheck Protection Program Liquidity Facility 2,594 - 82 - 3,485 2,589 Bank Term Funding Program 100,620 - 918 - 6,273 100,452 Other credit extensions7 0 0 - 143,156 0 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 10,893 + 13 - 8,797 10,905 Net portfolio holdings of Municipal Liquidity Facility LLC8 0 0 - 5,610 0 Net portfolio holdings of TALF II LLC8 0 0 - 1,579 0 Float -282 + 42 - 112 -347 Central bank liquidity swaps9 151 + 1 - 78 151 Other Federal Reserve assets10 48,329 + 3,101 + 562 49,531 Foreign currency denominated assets11 18,481 + 25 + 114 18,573 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 10,200 0 + 5,000 10,200 Treasury currency outstanding12 53,039 + 14 + 728 53,039 Total factors supplying reserve funds 7,227,858 - 449 -1,012,774 7,228,881 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 14, 2024 Federal Reserve Banks Aug 14, 2024 Aug 7, 2024 Aug 16, 2023 Currency in circulation12 2,349,160 - 301 + 18,180 2,348,932 Reverse repurchase agreements13 710,263 - 8,265 -1,359,039 722,198 Foreign official and international accounts 392,926 - 2,864 + 97,827 393,726 Others 317,337 - 5,401 -1,456,867 328,472 Treasury cash holdings 398 - 5 + 99 392 Deposits with F.R. Banks, other than reserve balances 956,158 + 19,086 + 335,499 951,939 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 794,120 + 23,189 + 358,325 788,823 Foreign official 9,681 + 2 - 5 9,683 Other14 152,357 - 4,105 - 22,821 153,432 Treasury contributions to credit facilities15 4,958 0 - 8,400 4,958 Other liabilities and capital16 -139,218 - 5,441 - 99,282 -138,454 Total factors, other than reserve balances, absorbing reserve funds 3,881,719 + 5,073 -1,112,943 3,889,965 Reserve balances with Federal Reserve Banks 3,346,138 - 5,524 + 100,167 3,338,916 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 14, 2024 Aug 14, 2024 Aug 7, 2024 Aug 16, 2023 Securities held in custody for foreign official and international accounts 3,295,820 - 17,457 - 153,663 3,297,293 Marketable U.S. Treasury securities1 2,914,905 - 16,909 - 99,684 2,917,371 Federal agency debt and mortgage-backed securities2 300,778 - 428 - 52,097 299,924 Other securities3 80,137 - 119 - 1,882 79,997 Securities lent to dealers 34,423 - 2,266 - 7,198 35,197 Overnight facility4 34,423 - 2,266 - 7,198 35,197 U.S. Treasury securities 34,423 - 2,266 - 7,198 35,197 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 14, 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 1,695 925 100,742 2,170 0 ... 105,531 U.S. Treasury securities2 Holdings 74,521 168,923 538,661 1,527,128 583,558 1,520,894 4,413,685 Weekly changes - 5,307 + 1,958 + 3,354 + 54,316 - 54,296 + 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 2,286,086 2,318,124 Weekly changes 0 0 0 0 0 - 67 - 66 Loan participations held by MS Facilities 2020 LLC (Main Street Lending Program)5 0 0 0 5,758 ... ... 5,758 Repurchase agreements6 0 0 ... ... ... ... 0 Central bank liquidity swaps7 151 0 0 0 0 0 151 Reverse repurchase agreements6 722,198 0 ... ... ... ... 722,198 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 14, 2024 Mortgage-backed securities held outright1 2,318,124 Residential mortgage-backed securities 2,309,992 Commercial mortgage-backed securities 8,132 Commitments to buy mortgage-backed securities2 0 Commitments to sell mortgage-backed securities2 79 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 14, 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 4,856 6,048 10,905 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 14, 2024 Aug 7, 2024 Aug 16, 2023 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 10,200 0 + 5,000 Coin 1,462 + 15 + 36 Securities, unamortized premiums and discounts, repurchase agreements, and loans 7,075,788 - 904 - 971,351 Securities held outright1 6,734,156 - 31 - 791,749 U.S. Treasury securities 4,413,685 + 35 - 592,390 Bills2 195,293 0 - 64,129 Notes and bonds, nominal2 3,757,428 0 - 515,531 Notes and bonds, inflation-indexed2 344,044 0 - 20,505 Inflation compensation3 116,920 + 35 + 7,775 Federal agency debt securities2 2,347 0 0 Mortgage-backed securities4 2,318,124 - 66 - 199,359 Unamortized premiums on securities held outright5 260,671 - 477 - 31,101 Unamortized discounts on securities held outright5 -24,570 - 145 + 2,935 Repurchase agreements6 0 - 10 - 6 Loans7 105,531 - 241 - 151,430 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 10,905 + 14 - 8,592 Net portfolio holdings of Municipal Liquidity Facility LLC8 0 0 - 5,612 Net portfolio holdings of TALF II LLC8 0 0 - 1,580 Items in process of collection (0) 41 - 9 - 17 Bank premises 424 - 7 - 22 Central bank liquidity swaps9 151 + 2 - 78 Foreign currency denominated assets10 18,573 + 139 + 284 Other assets11 49,107 + 3,181 + 13,892 Total assets (0) 7,177,688 + 2,432 - 968,039 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 14, 2024 Aug 7, 2024 Aug 16, 2023 Liabilities Federal Reserve notes, net of F.R. Bank holdings 2,297,744 - 1,258 + 17,977 Reverse repurchase agreements12 722,198 + 40,317 -1,374,468 Deposits (0) 4,290,855 - 31,618 + 495,342 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 3,338,916 - 34,003 + 109,963 U.S. Treasury, General Account 788,823 + 3,590 + 404,009 Foreign official 9,683 + 3 - 1 Other13 (0) 153,432 - 1,209 - 18,630 Deferred availability cash items (0) 388 + 16 + 169 Treasury contributions to credit facilities14 4,958 0 - 8,400 Other liabilities and accrued dividends15 -181,863 - 5,025 - 99,349 Total liabilities (0) 7,134,280 + 2,432 - 968,728 Capital accounts Capital paid in 36,623 0 + 689 Surplus 6,785 0 0 Other capital accounts 0 0 0 Total capital 43,408 0 + 689 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 14, 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 1,462 45 43 169 47 189 110 250 33 48 102 178 248 Securities, unamortized premiums and discounts, repurchase agreements, and loans1 7,075,788 156,929 3,759,237 106,200 275,133 704,187 475,477 392,345 103,504 49,187 85,150 314,365 654,075 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)2 10,905 10,905 0 0 0 0 0 0 0 0 0 0 0 Central bank liquidity swaps3 151 6 52 5 16 30 5 7 3 1 2 4 19 Foreign currency denominated assets4 18,573 775 6,423 654 1,976 3,664 609 912 418 116 202 447 2,378 Other assets5 49,572 1,380 23,194 851 1,899 5,132 4,258 2,756 1,138 655 1,043 2,386 4,881 Interdistrict settlement account 0- 11,774+ 32,739+ 17,409+ 25,276- 51,476- 17,499- 44,739+ 4,143- 3,329- 15,635- 4,517 + 69,401 Total assets 7,177,688 158,995 3,828,307 125,945 305,344 663,282 465,958 352,948 109,875 47,033 71,463 314,649 733,890 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 14, 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 2,297,744 86,516 742,594 56,394 115,289 161,760 356,935 109,444 76,729 27,831 32,091 202,064 330,097 Reverse repurchase agreements6 722,198 15,021 388,644 10,760 28,162 71,988 48,318 39,857 10,106 4,512 7,941 31,538 65,352 Deposits 4,290,855 53,061 2,796,796 59,197 165,134 450,534 58,483 214,372 21,879 14,486 31,414 80,993 344,507 Depository institutions 3,338,916 53,008 1,945,853 59,195 165,100 450,029 58,456 114,354 21,873 14,419 31,382 80,778 344,468 U.S. Treasury, General Account 788,823 0 788,823 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 153,432 51 52,463 0 29 497 26 100,016 5 67 31 214 33 Earnings remittances due to the U.S. Treasury8 -189,665 -3,632 -117,551 -2,120 -8,126 -30,584 74 -13,318 9 -196 -640 -1,376 -12,203 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 8,190 1,228 2,948 189 310 1,028 682 451 162 127 191 243 629 Total liabilities 7,134,280 157,152 3,813,431 124,419 300,770 654,725 464,491 350,805 108,885 46,760 70,997 313,462 728,382 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 7,177,688 158,995 3,828,307 125,945 305,344 663,282 465,958 352,948 109,875 47,033 71,463 314,649 733,890 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 14, 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 14, 2024 Federal Reserve notes outstanding 2,767,382 Less: Notes held by F.R. Banks not subject to collateralization 469,638 Federal Reserve notes to be collateralized 2,297,744 Collateral held against Federal Reserve notes 2,297,744 Gold certificate account 11,037 Special drawing rights certificate account 10,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 2,276,507 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 6,734,156 Less: Face value of securities under reverse repurchase agreements 792,829 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 5,941,328 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.