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 October 3, 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 Oct 2, 2024 Federal Reserve Banks Oct 2, 2024 Sep 25, 2024 Oct 4, 2023 Reserve Bank credit 7,021,645 - 34,270 - 922,886 7,004,422 Securities held outright1 6,660,119 - 20,840 - 765,228 6,648,807 U.S. Treasury securities 4,375,694 - 8,390 - 567,580 4,364,382 Bills2 195,293 0 - 43,447 195,293 Notes and bonds, nominal2 3,718,678 - 8,664 - 509,585 3,707,128 Notes and bonds, inflation-indexed2 344,194 + 150 - 21,186 344,395 Inflation compensation3 117,529 + 123 + 6,639 117,566 Federal agency debt securities2 2,347 0 0 2,347 Mortgage-backed securities4 2,282,078 - 12,450 - 197,648 2,282,078 Unamortized premiums on securities held outright5 256,725 - 729 - 30,219 256,558 Unamortized discounts on securities held outright5 -23,943 + 204 + 2,566 -23,863 Repurchase agreements6 380 + 361 + 380 2 Foreign official 0 0 0 0 Others 380 + 361 + 380 2 Loans 80,847 - 11,665 - 109,834 75,475 Primary credit 1,832 + 446 - 1,659 1,660 Secondary credit 3 + 3 + 3 0 Seasonal credit 72 - 26 - 6 50 Paycheck Protection Program Liquidity Facility 2,298 - 53 - 2,671 2,297 Bank Term Funding Program 76,643 - 12,033 - 31,098 71,468 Other credit extensions7 0 0 - 74,402 0 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 10,400 + 13 - 8,970 10,407 Net portfolio holdings of Municipal Liquidity Facility LLC8 0 0 - 5,630 0 Net portfolio holdings of TALF II LLC8 0 0 - 1,219 0 Float -622 - 358 - 212 -896 Central bank liquidity swaps9 157 + 4 - 72 157 Other Federal Reserve assets10 37,582 - 1,260 - 4,448 37,776 Foreign currency denominated assets11 18,901 + 13 + 1,107 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 53,087 + 14 + 728 53,087 Total factors supplying reserve funds 7,114,874 - 34,243 - 916,051 7,097,556 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 Oct 2, 2024 Federal Reserve Banks Oct 2, 2024 Sep 25, 2024 Oct 4, 2023 Currency in circulation12 2,351,434 + 1,500 + 27,361 2,352,941 Reverse repurchase agreements13 844,125 + 55,069 - 913,753 799,254 Foreign official and international accounts 421,449 - 8,283 + 118,186 415,856 Others 422,675 + 63,351 -1,031,940 383,398 Treasury cash holdings 315 - 10 - 25 317 Deposits with F.R. Banks, other than reserve balances 971,772 - 12,918 + 128,775 990,044 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 798,277 - 8,494 + 130,268 823,412 Foreign official 9,682 + 1 - 6 9,682 Other14 163,812 - 4,425 - 1,488 156,950 Treasury contributions to credit facilities15 4,958 0 - 8,400 4,958 Other liabilities and capital16 -147,328 + 1,669 - 93,886 -147,168 Total factors, other than reserve balances, absorbing reserve funds 4,025,276 + 45,309 - 859,929 4,000,346 Reserve balances with Federal Reserve Banks 3,089,598 - 79,551 - 56,122 3,097,210 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 Oct 2, 2024 Oct 2, 2024 Sep 25, 2024 Oct 4, 2023 Securities held in custody for foreign official and international accounts 3,311,602 - 5,334 - 112,758 3,314,710 Marketable U.S. Treasury securities1 2,923,993 - 16,109 - 67,712 2,926,912 Federal agency debt and mortgage-backed securities2 297,516 + 53 - 52,061 297,665 Other securities3 90,093 + 10,723 + 7,016 90,133 Securities lent to dealers 33,215 + 1,183 - 5,617 38,659 Overnight facility4 33,215 + 1,183 - 5,617 38,659 U.S. Treasury securities 33,215 + 1,183 - 5,617 38,659 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, October 2, 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 1,059 7,685 64,848 1,883 0 ... 75,475 U.S. Treasury securities2 Holdings 40,177 211,961 523,232 1,469,539 591,934 1,527,538 4,364,382 Weekly changes - 8,302 + 6,099 - 5,171 - 13,946 + 1,269 + 301 - 19,748 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 17 6,127 24,211 2,251,723 2,282,078 Weekly changes 0 0 + 1 + 50 - 51 + 1 0 Loan participations held by MS Facilities 2020 LLC (Main Street Lending Program)5 0 0 0 5,234 ... ... 5,234 Repurchase agreements6 2 0 ... ... ... ... 2 Central bank liquidity swaps7 157 0 0 0 0 0 157 Reverse repurchase agreements6 799,254 0 ... ... ... ... 799,254 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 Oct 2, 2024 Mortgage-backed securities held outright1 2,282,078 Residential mortgage-backed securities 2,273,971 Commercial mortgage-backed securities 8,107 Commitments to buy mortgage-backed securities2 98 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 Oct 2, 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) 4,324 4,634 5,773 10,407 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 Oct 2, 2024 Sep 25, 2024 Oct 4, 2023 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 10,200 0 + 5,000 Coin 1,514 - 7 + 44 Securities, unamortized premiums and discounts, repurchase agreements, and loans 6,956,978 - 34,330 - 894,907 Securities held outright1 6,648,807 - 19,748 - 763,676 U.S. Treasury securities 4,364,382 - 19,748 - 566,028 Bills2 195,293 0 - 43,240 Notes and bonds, nominal2 3,707,128 - 20,214 - 508,288 Notes and bonds, inflation-indexed2 344,395 + 351 - 20,985 Inflation compensation3 117,566 + 114 + 6,485 Federal agency debt securities2 2,347 0 0 Mortgage-backed securities4 2,282,078 0 - 197,648 Unamortized premiums on securities held outright5 256,558 - 460 - 30,162 Unamortized discounts on securities held outright5 -23,863 + 191 + 2,539 Repurchase agreements6 2 - 59 + 2 Loans7 75,475 - 14,252 - 103,609 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 10,407 + 11 - 8,980 Net portfolio holdings of Municipal Liquidity Facility LLC8 0 0 - 5,632 Net portfolio holdings of TALF II LLC8 0 0 - 1,220 Items in process of collection (0) 50 + 6 - 13 Bank premises 413 - 21 - 19 Central bank liquidity swaps9 157 + 4 - 72 Foreign currency denominated assets10 18,806 - 47 + 1,102 Other assets11 37,363 + 1,249 - 4,161 Total assets (0) 7,046,925 - 33,134 - 908,857 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 Oct 2, 2024 Sep 25, 2024 Oct 4, 2023 Liabilities Federal Reserve notes, net of F.R. Bank holdings 2,301,681 + 2,325 + 25,878 Reverse repurchase agreements12 799,254 - 34,060 - 832,761 Deposits (0) 4,087,254 - 3,441 + 226 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 3,097,210 - 44,355 - 143,497 U.S. Treasury, General Account 823,412 + 44,502 + 144,453 Foreign official 9,682 + 1 - 6 Other13 (0) 156,950 - 3,588 - 724 Deferred availability cash items (0) 946 + 605 + 288 Treasury contributions to credit facilities14 4,958 0 - 8,400 Other liabilities and accrued dividends15 -190,608 + 1,419 - 94,796 Total liabilities (0) 7,003,485 - 33,151 - 909,566 Capital accounts Capital paid in 36,655 + 17 + 709 Surplus 6,785 0 0 Other capital accounts 0 0 0 Total capital 43,440 + 17 + 709 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, October 2, 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 1,514 56 51 168 46 201 103 254 34 56 101 187 256 Securities, unamortized premiums and discounts, repurchase agreements, and loans1 6,956,978 149,692 3,710,784 104,211 271,474 694,767 467,004 384,108 100,981 46,612 81,969 308,177 637,199 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)2 10,407 10,407 0 0 0 0 0 0 0 0 0 0 0 Central bank liquidity swaps3 157 7 54 6 17 31 5 8 4 1 2 4 20 Foreign currency denominated assets4 18,806 780 6,583 658 1,988 3,686 612 917 421 117 203 449 2,392 Other assets5 37,827 1,053 17,173 672 1,478 4,049 3,466 2,066 793 550 920 1,894 3,713 Interdistrict settlement account 0+ 23,560- 128,473+ 54,723+ 31,691- 75,487+ 5,246- 27,277+ 8,649+ 4,348- 10,920+ 22,657 + 91,282 Total assets 7,046,925 186,283 3,612,792 161,095 307,691 628,803 479,435 361,493 111,516 52,039 72,874 335,154 737,750 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, October 2, 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 2,301,681 85,646 746,905 55,392 114,632 165,943 358,344 106,330 77,723 30,890 29,801 201,767 328,309 Reverse repurchase agreements6 799,254 16,624 430,111 11,908 31,167 79,668 53,473 44,109 11,184 4,993 8,788 34,903 72,325 Deposits 4,087,254 79,675 2,540,409 94,530 165,657 405,673 64,735 222,425 21,435 15,956 34,290 98,386 344,083 Depository institutions 3,097,210 79,615 1,653,593 94,528 165,624 404,924 64,715 120,314 21,429 15,897 34,262 98,273 344,036 U.S. Treasury, General Account 823,412 0 823,412 0 0 0 0 0 0 0 0 0 0 Foreign official 9,682 2 9,655 1 4 8 1 2 1 0 0 1 5 Other7 156,950 58 53,748 0 29 741 18 102,109 6 59 28 112 42 Earnings remittances due to the U.S. Treasury8 -201,237 -3,841 -123,878 -2,570 -8,817 -32,274 89 -14,171 -3 -223 -716 -1,423 -13,410 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 11,576 1,385 4,369 310 479 1,234 1,327 657 187 147 228 334 919 Total liabilities 7,003,485 184,448 3,597,916 159,570 303,117 620,244 477,968 359,351 110,527 51,763 72,390 333,966 732,227 Capital Capital paid in 36,655 1,552 12,531 1,286 3,852 7,221 1,244 1,809 837 233 410 1,025 4,655 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 7,046,925 186,283 3,612,792 161,095 307,691 628,803 479,435 361,493 111,516 52,039 72,874 335,154 737,750 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, October 2, 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 Oct 2, 2024 Federal Reserve notes outstanding 2,780,899 Less: Notes held by F.R. Banks not subject to collateralization 479,218 Federal Reserve notes to be collateralized 2,301,681 Collateral held against Federal Reserve notes 2,301,681 Gold certificate account 11,037 Special drawing rights certificate account 10,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 2,280,444 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 6,648,809 Less: Face value of securities under reverse repurchase agreements 876,313 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 5,772,495 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.