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 29, 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 28, 2024 Federal Reserve Banks Aug 28, 2024 Aug 21, 2024 Aug 30, 2023 Reserve Bank credit 7,091,189 - 9,848 - 996,247 7,081,113 Securities held outright1 6,709,057 - 8,852 - 800,911 6,700,866 U.S. Treasury securities 4,398,751 + 49 - 607,962 4,398,721 Bills2 195,293 0 - 64,129 195,293 Notes and bonds, nominal2 3,742,437 + 14 - 530,597 3,742,394 Notes and bonds, inflation-indexed2 344,044 0 - 20,505 344,044 Inflation compensation3 116,978 + 35 + 7,270 116,991 Federal agency debt securities2 2,347 0 0 2,347 Mortgage-backed securities4 2,307,958 - 8,902 - 192,951 2,299,798 Unamortized premiums on securities held outright5 259,629 - 696 - 30,820 259,282 Unamortized discounts on securities held outright5 -24,758 + 36 + 2,759 -24,669 Repurchase agreements6 0 0 - 1 0 Foreign official 0 0 - 1 0 Others 0 0 0 0 Loans 103,556 - 1,052 - 147,800 103,172 Primary credit 1,765 - 370 - 439 1,679 Secondary credit 0 0 0 0 Seasonal credit 98 + 10 + 31 95 Paycheck Protection Program Liquidity Facility 2,535 - 34 - 3,215 2,524 Bank Term Funding Program 99,159 - 657 - 8,142 98,872 Other credit extensions7 0 0 - 136,034 0 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 10,637 + 9 - 8,878 10,647 Net portfolio holdings of Municipal Liquidity Facility LLC8 0 0 - 5,615 0 Net portfolio holdings of TALF II LLC8 0 0 - 1,581 0 Float -310 - 50 - 37 -541 Central bank liquidity swaps9 145 - 6 - 87 145 Other Federal Reserve assets10 33,234 + 765 - 3,273 32,210 Foreign currency denominated assets11 18,820 + 238 + 625 18,806 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 10,200 0 + 5,000 10,200 Treasury currency outstanding12 53,017 + 14 + 718 53,017 Total factors supplying reserve funds 7,184,267 - 9,596 - 989,903 7,174,176 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 28, 2024 Federal Reserve Banks Aug 28, 2024 Aug 21, 2024 Aug 30, 2023 Currency in circulation12 2,347,726 + 473 + 19,482 2,350,572 Reverse repurchase agreements13 740,504 + 17,858 -1,248,090 802,001 Foreign official and international accounts 405,938 + 6,696 + 116,267 413,111 Others 334,565 + 11,162 -1,364,358 388,890 Treasury cash holdings 375 - 15 + 58 358 Deposits with F.R. Banks, other than reserve balances 919,529 + 19,345 + 269,387 913,299 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 745,851 + 9,357 + 275,051 757,077 Foreign official 9,682 + 1 - 110 9,679 Other14 163,995 + 9,986 - 5,554 146,542 Treasury contributions to credit facilities15 4,958 0 - 8,400 4,958 Other liabilities and capital16 -142,391 - 5,237 - 97,561 -141,971 Total factors, other than reserve balances, absorbing reserve funds 3,870,701 + 32,424 -1,065,124 3,929,217 Reserve balances with Federal Reserve Banks 3,313,566 - 42,020 + 75,221 3,244,959 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 28, 2024 Aug 28, 2024 Aug 21, 2024 Aug 30, 2023 Securities held in custody for foreign official and international accounts 3,300,376 + 2,070 - 135,485 3,307,960 Marketable U.S. Treasury securities1 2,922,268 + 3,284 - 79,963 2,930,488 Federal agency debt and mortgage-backed securities2 298,292 - 1,122 - 53,152 298,012 Other securities3 79,816 - 92 - 2,370 79,461 Securities lent to dealers 32,689 - 3,146 - 3,825 37,778 Overnight facility4 32,689 - 3,146 - 3,825 37,778 U.S. Treasury securities 32,689 - 3,146 - 3,825 37,778 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 28, 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 891 1,051 99,136 2,093 0 ... 103,172 U.S. Treasury securities2 Holdings 41,339 211,970 535,637 1,492,601 591,554 1,525,619 4,398,721 Weekly changes - 8,953 + 9,396 - 439 + 16 + 4 - 40 - 15 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 20 6,118 24,713 2,268,946 2,299,798 Weekly changes 0 0 - 6 - 133 - 567 - 13,576 - 14,281 Loan participations held by MS Facilities 2020 LLC (Main Street Lending Program)5 0 0 0 5,666 ... ... 5,666 Repurchase agreements6 0 0 ... ... ... ... 0 Central bank liquidity swaps7 145 0 0 0 0 0 145 Reverse repurchase agreements6 802,001 0 ... ... ... ... 802,001 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 28, 2024 Mortgage-backed securities held outright1 2,299,798 Residential mortgage-backed securities 2,291,676 Commercial mortgage-backed securities 8,121 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 28, 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 4,764 5,884 10,647 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 28, 2024 Aug 21, 2024 Aug 30, 2023 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 10,200 0 + 5,000 Coin 1,496 + 15 + 78 Securities, unamortized premiums and discounts, repurchase agreements, and loans 7,038,651 - 16,072 - 982,751 Securities held outright1 6,700,866 - 14,296 - 807,191 U.S. Treasury securities 4,398,721 - 15 - 608,118 Bills2 195,293 0 - 64,129 Notes and bonds, nominal2 3,742,394 - 50 - 530,640 Notes and bonds, inflation-indexed2 344,044 0 - 20,505 Inflation compensation3 116,991 + 35 + 7,156 Federal agency debt securities2 2,347 0 0 Mortgage-backed securities4 2,299,798 - 14,281 - 199,072 Unamortized premiums on securities held outright5 259,282 - 777 - 30,919 Unamortized discounts on securities held outright5 -24,669 + 43 + 2,753 Repurchase agreements6 0 - 1 - 1 Loans7 103,172 - 1,040 - 147,393 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 10,647 + 12 - 8,887 Net portfolio holdings of Municipal Liquidity Facility LLC8 0 0 - 5,618 Net portfolio holdings of TALF II LLC8 0 0 - 1,583 Items in process of collection (0) 46 + 2 - 20 Bank premises 432 + 4 - 32 Central bank liquidity swaps9 145 - 6 - 87 Foreign currency denominated assets10 18,806 + 21 + 490 Other assets11 31,778 - 690 - 4,670 Total assets (0) 7,123,238 - 16,714 - 998,078 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 28, 2024 Aug 21, 2024 Aug 30, 2023 Liabilities Federal Reserve notes, net of F.R. Bank holdings 2,299,406 + 3,415 + 18,525 Reverse repurchase agreements12 802,001 + 83,474 -1,196,322 Deposits (0) 4,158,258 - 98,240 + 285,896 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 3,244,959 - 114,119 + 48,416 U.S. Treasury, General Account 757,077 + 22,350 + 256,375 Foreign official 9,679 - 2 - 733 Other13 (0) 146,542 - 6,469 - 18,163 Deferred availability cash items (0) 587 + 218 - 232 Treasury contributions to credit facilities14 4,958 0 - 8,400 Other liabilities and accrued dividends15 -185,382 - 5,583 - 98,236 Total liabilities (0) 7,079,828 - 16,716 - 998,769 Capital accounts Capital paid in 36,625 + 2 + 691 Surplus 6,785 0 0 Other capital accounts 0 0 0 Total capital 43,410 + 2 + 691 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 28, 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 1,496 49 52 171 43 197 106 251 34 51 101 183 255 Securities, unamortized premiums and discounts, repurchase agreements, and loans1 7,038,651 156,088 3,740,345 105,605 273,704 700,613 472,629 390,245 103,028 48,639 84,661 312,300 650,794 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)2 10,647 10,647 0 0 0 0 0 0 0 0 0 0 0 Central bank liquidity swaps3 145 6 50 5 15 29 5 7 3 1 2 3 19 Foreign currency denominated assets4 18,806 785 6,504 662 2,001 3,710 616 923 423 118 205 452 2,407 Other assets5 32,256 1,033 13,833 593 1,224 3,408 3,092 1,805 901 518 868 1,636 3,344 Interdistrict settlement account 0+ 9,489- 51,048+ 46,516+ 20,935- 69,523- 3,156- 34,051+ 8,677+ 118- 12,598+ 4,860 + 79,782 Total assets 7,123,238 178,827 3,716,355 154,209 298,919 639,992 476,290 360,598 113,702 49,800 73,838 321,221 739,488 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 28, 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 2,299,406 86,015 743,332 55,768 115,114 161,929 357,853 109,471 77,417 29,178 30,486 202,475 330,368 Reverse repurchase agreements6 802,001 16,681 431,589 11,949 31,274 79,942 53,657 44,261 11,222 5,010 8,818 35,023 72,574 Deposits 4,158,258 71,752 2,643,299 86,973 155,932 419,626 62,348 217,830 23,913 15,412 34,534 83,678 342,960 Depository institutions 3,244,959 71,699 1,827,785 86,972 155,901 419,054 62,322 121,062 23,907 15,297 34,503 83,535 342,922 U.S. Treasury, General Account 757,077 0 757,077 0 0 0 0 0 0 0 0 0 0 Foreign official 9,679 2 9,653 1 4 8 1 2 1 0 0 1 5 Other7 146,542 52 48,784 0 26 564 25 96,767 5 114 30 142 33 Earnings remittances due to the U.S. Treasury8 -193,347 -3,699 -119,715 -2,228 -8,281 -31,120 48 -13,557 1 -200 -655 -1,384 -12,556 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 8,552 1,276 2,973 222 307 1,056 917 450 159 127 188 243 635 Total liabilities 7,079,828 176,984 3,701,479 152,684 294,345 631,433 474,824 358,454 112,712 49,526 73,372 320,034 733,980 Capital Capital paid in 36,625 1,559 12,531 1,286 3,852 7,220 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 7,123,238 178,827 3,716,355 154,209 298,919 639,992 476,290 360,598 113,702 49,800 73,838 321,221 739,488 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 28, 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 28, 2024 Federal Reserve notes outstanding 2,771,737 Less: Notes held by F.R. Banks not subject to collateralization 472,332 Federal Reserve notes to be collateralized 2,299,406 Collateral held against Federal Reserve notes 2,299,406 Gold certificate account 11,037 Special drawing rights certificate account 10,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 2,278,169 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 6,700,866 Less: Face value of securities under reverse repurchase agreements 920,156 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 5,780,710 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.