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 22, 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 21, 2024 Federal Reserve Banks Aug 21, 2024 Aug 14, 2024 Aug 23, 2023 Reserve Bank credit 7,101,037 - 34,059 -1,006,253 7,098,080 Securities held outright1 6,717,909 - 16,282 - 806,363 6,715,162 U.S. Treasury securities 4,398,702 - 14,970 - 607,602 4,398,736 Bills2 195,293 0 - 64,129 195,293 Notes and bonds, nominal2 3,742,423 - 15,005 - 530,547 3,742,444 Notes and bonds, inflation-indexed2 344,044 0 - 20,505 344,044 Inflation compensation3 116,943 + 36 + 7,580 116,956 Federal agency debt securities2 2,347 0 0 2,347 Mortgage-backed securities4 2,316,860 - 1,311 - 198,762 2,314,079 Unamortized premiums on securities held outright5 260,325 - 521 - 31,040 260,059 Unamortized discounts on securities held outright5 -24,794 - 143 + 2,797 -24,712 Repurchase agreements6 0 - 15 - 4 1 Foreign official 0 - 1 - 4 1 Others 0 - 15 0 0 Loans 104,608 - 995 - 150,574 104,212 Primary credit 2,135 - 177 + 198 2,061 Secondary credit 0 - 3 0 0 Seasonal credit 88 + 13 + 27 97 Paycheck Protection Program Liquidity Facility 2,569 - 25 - 3,431 2,566 Bank Term Funding Program 99,816 - 804 - 7,452 99,488 Other credit extensions7 0 0 - 139,916 0 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 10,628 - 265 - 8,871 10,635 Net portfolio holdings of Municipal Liquidity Facility LLC8 0 0 - 5,613 0 Net portfolio holdings of TALF II LLC8 0 0 - 1,580 0 Float -260 + 22 - 92 -325 Central bank liquidity swaps9 151 0 - 79 151 Other Federal Reserve assets10 32,469 - 15,860 - 4,835 32,896 Foreign currency denominated assets11 18,582 + 101 + 312 18,785 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 10,200 0 + 5,000 10,200 Treasury currency outstanding12 53,003 + 14 + 708 53,003 Total factors supplying reserve funds 7,193,863 - 33,944 -1,000,233 7,191,109 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 21, 2024 Federal Reserve Banks Aug 21, 2024 Aug 14, 2024 Aug 23, 2023 Currency in circulation12 2,347,253 - 1,856 + 18,823 2,347,140 Reverse repurchase agreements13 722,646 + 12,383 -1,389,739 718,527 Foreign official and international accounts 399,242 + 6,316 + 101,906 397,198 Others 323,403 + 6,066 -1,491,645 321,329 Treasury cash holdings 390 - 8 + 80 377 Deposits with F.R. Banks, other than reserve balances 900,184 - 55,974 + 308,596 897,420 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 736,494 - 57,626 + 322,707 734,727 Foreign official 9,681 0 - 5 9,681 Other14 154,009 + 1,652 - 14,107 153,011 Treasury contributions to credit facilities15 4,958 0 - 8,400 4,958 Other liabilities and capital16 -137,154 + 2,064 - 98,390 -136,391 Total factors, other than reserve balances, absorbing reserve funds 3,838,277 - 43,392 -1,169,030 3,832,031 Reserve balances with Federal Reserve Banks 3,355,586 + 9,448 + 168,797 3,359,078 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 21, 2024 Aug 21, 2024 Aug 14, 2024 Aug 23, 2023 Securities held in custody for foreign official and international accounts 3,298,306 + 2,486 - 142,031 3,301,852 Marketable U.S. Treasury securities1 2,918,984 + 4,079 - 86,707 2,923,749 Federal agency debt and mortgage-backed securities2 299,414 - 1,364 - 53,139 298,211 Other securities3 79,908 - 229 - 2,185 79,891 Securities lent to dealers 35,835 + 1,412 - 2,145 35,541 Overnight facility4 35,835 + 1,412 - 2,145 35,541 U.S. Treasury securities 35,835 + 1,412 - 2,145 35,541 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 21, 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 1,274 1,043 99,760 2,136 0 ... 104,212 U.S. Treasury securities2 Holdings 50,292 202,574 536,076 1,492,585 591,550 1,525,659 4,398,736 Weekly changes - 24,229 + 33,651 - 2,585 - 34,543 + 7,992 + 4,765 - 14,949 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 0 26 6,251 25,280 2,282,522 2,314,079 Weekly changes 0 - 1 0 - 34 - 446 - 3,564 - 4,045 Loan participations held by MS Facilities 2020 LLC (Main Street Lending Program)5 0 0 0 5,745 ... ... 5,745 Repurchase agreements6 1 0 ... ... ... ... 1 Central bank liquidity swaps7 151 0 0 0 0 0 151 Reverse repurchase agreements6 718,527 0 ... ... ... ... 718,527 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 21, 2024 Mortgage-backed securities held outright1 2,314,079 Residential mortgage-backed securities 2,305,952 Commercial mortgage-backed securities 8,127 Commitments to buy mortgage-backed securities2 0 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 Aug 21, 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) 4,625 4,844 5,791 10,635 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 21, 2024 Aug 14, 2024 Aug 23, 2023 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 10,200 0 + 5,000 Coin 1,481 + 19 + 51 Securities, unamortized premiums and discounts, repurchase agreements, and loans 7,054,723 - 21,065 - 983,470 Securities held outright1 6,715,162 - 18,994 - 806,819 U.S. Treasury securities 4,398,736 - 14,949 - 607,758 Bills2 195,293 0 - 64,129 Notes and bonds, nominal2 3,742,444 - 14,984 - 530,590 Notes and bonds, inflation-indexed2 344,044 0 - 20,505 Inflation compensation3 116,956 + 36 + 7,467 Federal agency debt securities2 2,347 0 0 Mortgage-backed securities4 2,314,079 - 4,045 - 199,061 Unamortized premiums on securities held outright5 260,059 - 612 - 31,022 Unamortized discounts on securities held outright5 -24,712 - 142 + 2,786 Repurchase agreements6 1 + 1 + 1 Loans7 104,212 - 1,319 - 148,417 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 10,635 - 270 - 8,877 Net portfolio holdings of Municipal Liquidity Facility LLC8 0 0 - 5,615 Net portfolio holdings of TALF II LLC8 0 0 - 1,581 Items in process of collection (0) 44 + 3 - 12 Bank premises 428 + 4 - 25 Central bank liquidity swaps9 151 0 - 79 Foreign currency denominated assets10 18,785 + 212 + 484 Other assets11 32,468 - 16,639 - 4,989 Total assets (0) 7,139,952 - 37,736 - 999,114 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 21, 2024 Aug 14, 2024 Aug 23, 2023 Liabilities Federal Reserve notes, net of F.R. Bank holdings 2,295,991 - 1,753 + 18,470 Reverse repurchase agreements12 718,527 - 3,671 -1,393,987 Deposits (0) 4,256,498 - 34,357 + 482,585 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 3,359,078 + 20,162 + 181,698 U.S. Treasury, General Account 734,727 - 54,096 + 318,696 Foreign official 9,681 - 2 - 5 Other13 (0) 153,011 - 421 - 17,805 Deferred availability cash items (0) 369 - 19 + 88 Treasury contributions to credit facilities14 4,958 0 - 8,400 Other liabilities and accrued dividends15 -179,799 + 2,064 - 98,558 Total liabilities (0) 7,096,544 - 37,736 - 999,803 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 21, 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 1,481 47 48 173 46 193 106 248 33 49 102 181 256 Securities, unamortized premiums and discounts, repurchase agreements, and loans1 7,054,723 156,451 3,748,563 105,825 274,294 702,155 473,733 391,210 103,241 48,973 84,909 313,139 652,231 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)2 10,635 10,635 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 18,785 784 6,497 661 1,998 3,706 616 922 423 118 205 452 2,405 Other assets5 32,940 1,042 14,229 603 1,249 3,492 3,140 1,841 910 512 867 1,661 3,393 Interdistrict settlement account 0- 6,877+ 22,633+ 43,334+ 5,791- 65,696- 13,654- 35,141+ 5,113- 1,977- 15,551- 3,646 + 65,671 Total assets 7,139,952 162,816 3,798,642 151,258 284,391 645,437 466,945 360,505 110,359 48,030 71,131 313,577 726,862 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 21, 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 2,295,991 86,184 743,334 56,151 115,167 161,556 357,066 109,237 76,510 28,131 31,008 202,452 329,195 Reverse repurchase agreements6 718,527 14,945 386,668 10,705 28,019 71,622 48,072 39,654 10,054 4,489 7,900 31,377 65,020 Deposits 4,256,498 57,224 2,767,257 84,772 144,349 433,110 59,494 222,217 22,609 15,192 32,182 79,598 338,494 Depository institutions 3,359,078 57,172 1,972,912 84,771 144,318 432,565 59,467 120,012 22,603 15,130 32,151 79,522 338,454 U.S. Treasury, General Account 734,727 0 734,727 0 0 0 0 0 0 0 0 0 0 Foreign official 9,681 2 9,655 1 4 8 1 2 1 0 0 1 5 Other7 153,011 51 49,962 0 27 537 26 102,202 5 61 30 75 34 Earnings remittances due to the U.S. Treasury8 -191,302 -3,645 -118,570 -2,158 -8,192 -30,819 72 -13,420 8 -197 -645 -1,375 -12,362 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 11,872 1,307 5,076 262 473 1,411 774 674 187 143 221 336 1,007 Total liabilities 7,096,544 160,973 3,783,765 149,733 279,817 636,880 465,479 358,362 109,369 47,757 70,666 312,389 721,354 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 7,139,952 162,816 3,798,642 151,258 284,391 645,437 466,945 360,505 110,359 48,030 71,131 313,577 726,862 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 21, 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 21, 2024 Federal Reserve notes outstanding 2,769,563 Less: Notes held by F.R. Banks not subject to collateralization 473,572 Federal Reserve notes to be collateralized 2,295,991 Collateral held against Federal Reserve notes 2,295,991 Gold certificate account 11,037 Special drawing rights certificate account 10,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 2,274,754 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 6,715,163 Less: Face value of securities under reverse repurchase agreements 790,428 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 5,924,735 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.