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 10, 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 9, 2024 Federal Reserve Banks Oct 9, 2024 Oct 2, 2024 Oct 11, 2023 Reserve Bank credit 7,004,400 - 17,245 - 910,340 7,005,073 Securities held outright1 6,648,860 - 11,259 - 761,771 6,648,891 U.S. Treasury securities 4,364,435 - 11,259 - 564,123 4,364,466 Bills2 195,293 0 - 41,061 195,293 Notes and bonds, nominal2 3,707,128 - 11,550 - 508,288 3,707,128 Notes and bonds, inflation-indexed2 344,395 + 201 - 20,985 344,395 Inflation compensation3 117,620 + 91 + 6,213 117,651 Federal agency debt securities2 2,347 0 0 2,347 Mortgage-backed securities4 2,282,078 0 - 197,648 2,282,078 Unamortized premiums on securities held outright5 256,275 - 450 - 30,118 256,120 Unamortized discounts on securities held outright5 -23,989 - 46 + 2,596 -23,910 Repurchase agreements6 15 - 365 + 15 1 Foreign official 0 0 0 0 Others 15 - 365 + 15 1 Loans 73,294 - 7,553 - 100,620 72,931 Primary credit 1,474 - 358 - 1,152 1,745 Secondary credit 0 - 3 0 0 Seasonal credit 55 - 17 - 12 62 Paycheck Protection Program Liquidity Facility 2,255 - 43 - 2,538 2,241 Bank Term Funding Program 69,511 - 7,132 - 38,508 68,883 Other credit extensions7 0 0 - 58,409 0 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 10,409 + 9 - 8,981 10,419 Net portfolio holdings of Municipal Liquidity Facility LLC8 0 0 - 5,632 0 Net portfolio holdings of TALF II LLC8 0 0 - 1,220 0 Float -266 + 356 - 68 -300 Central bank liquidity swaps9 155 - 2 - 75 155 Other Federal Reserve assets10 39,647 + 2,065 - 4,465 40,766 Foreign currency denominated assets11 18,460 - 441 + 730 18,397 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 10,200 0 + 5,000 10,200 Treasury currency outstanding12 53,101 + 14 + 728 53,101 Total factors supplying reserve funds 7,097,202 - 17,672 - 903,881 7,097,812 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 9, 2024 Federal Reserve Banks Oct 9, 2024 Oct 2, 2024 Oct 11, 2023 Currency in circulation12 2,354,224 + 2,790 + 26,194 2,356,532 Reverse repurchase agreements13 736,288 - 107,837 - 818,821 739,297 Foreign official and international accounts 404,425 - 17,024 + 115,144 395,849 Others 331,862 - 90,813 - 933,966 343,448 Treasury cash holdings 318 + 3 - 30 323 Deposits with F.R. Banks, other than reserve balances 967,473 - 4,299 + 93,884 951,400 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 802,115 + 3,838 + 92,955 787,395 Foreign official 9,683 + 1 - 4 9,682 Other14 155,675 - 8,137 + 932 154,323 Treasury contributions to credit facilities15 4,958 0 - 8,400 4,958 Other liabilities and capital16 -152,266 - 4,938 - 93,969 -151,743 Total factors, other than reserve balances, absorbing reserve funds 3,910,995 - 114,281 - 801,143 3,900,768 Reserve balances with Federal Reserve Banks 3,186,207 + 96,609 - 102,738 3,197,045 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 9, 2024 Oct 9, 2024 Oct 2, 2024 Oct 11, 2023 Securities held in custody for foreign official and international accounts 3,319,743 + 8,141 - 105,513 3,324,148 Marketable U.S. Treasury securities1 2,932,438 + 8,445 - 60,672 2,937,267 Federal agency debt and mortgage-backed securities2 297,664 + 148 - 51,922 297,657 Other securities3 89,641 - 452 + 7,081 89,224 Securities lent to dealers 32,286 - 929 - 6,122 38,298 Overnight facility4 32,286 - 929 - 6,122 38,298 U.S. Treasury securities 32,286 - 929 - 6,122 38,298 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 9, 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 1,083 8,670 61,342 1,836 0 ... 72,931 U.S. Treasury securities2 Holdings 36,365 212,598 526,419 1,469,577 591,944 1,527,563 4,364,466 Weekly changes - 3,812 + 637 + 3,187 + 38 + 10 + 25 + 84 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 16 6,127 24,565 2,251,369 2,282,078 Weekly changes 0 0 - 1 0 + 354 - 354 0 Loan participations held by MS Facilities 2020 LLC (Main Street Lending Program)5 0 0 0 5,183 ... ... 5,183 Repurchase agreements6 1 0 ... ... ... ... 1 Central bank liquidity swaps7 155 0 0 0 0 0 155 Reverse repurchase agreements6 739,297 0 ... ... ... ... 739,297 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 9, 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 149 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 9, 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 4,583 5,836 10,419 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 9, 2024 Oct 2, 2024 Oct 11, 2023 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 10,200 0 + 5,000 Coin 1,519 + 5 + 57 Securities, unamortized premiums and discounts, repurchase agreements, and loans 6,954,033 - 2,945 - 890,840 Securities held outright1 6,648,891 + 84 - 761,689 U.S. Treasury securities 4,364,466 + 84 - 564,041 Bills2 195,293 0 - 40,867 Notes and bonds, nominal2 3,707,128 0 - 508,288 Notes and bonds, inflation-indexed2 344,395 0 - 20,985 Inflation compensation3 117,651 + 85 + 6,101 Federal agency debt securities2 2,347 0 0 Mortgage-backed securities4 2,282,078 0 - 197,648 Unamortized premiums on securities held outright5 256,120 - 438 - 30,120 Unamortized discounts on securities held outright5 -23,910 - 47 + 2,601 Repurchase agreements6 1 - 1 + 1 Loans7 72,931 - 2,544 - 101,633 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 10,419 + 12 - 8,990 Net portfolio holdings of Municipal Liquidity Facility LLC8 0 0 - 5,635 Net portfolio holdings of TALF II LLC8 0 0 - 1,221 Items in process of collection (0) 314 + 264 + 259 Bank premises 419 + 6 - 15 Central bank liquidity swaps9 155 - 2 - 75 Foreign currency denominated assets10 18,397 - 409 + 646 Other assets11 40,347 + 2,984 - 4,401 Total assets (0) 7,046,840 - 85 - 905,214 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 9, 2024 Oct 2, 2024 Oct 11, 2023 Liabilities Federal Reserve notes, net of F.R. Bank holdings 2,305,270 + 3,589 + 27,885 Reverse repurchase agreements12 739,297 - 59,957 - 790,455 Deposits (0) 4,148,444 + 61,190 - 40,850 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 3,197,045 + 99,835 - 118,605 U.S. Treasury, General Account 787,395 - 36,017 + 74,395 Foreign official 9,682 0 - 6 Other13 (0) 154,323 - 2,627 + 3,367 Deferred availability cash items (0) 614 - 332 + 308 Treasury contributions to credit facilities14 4,958 0 - 8,400 Other liabilities and accrued dividends15 -195,190 - 4,582 - 94,418 Total liabilities (0) 7,003,393 - 92 - 905,931 Capital accounts Capital paid in 36,662 + 7 + 716 Surplus 6,785 0 0 Other capital accounts 0 0 0 Total capital 43,447 + 7 + 716 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 9, 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 1,519 56 50 169 48 200 112 253 33 56 101 185 254 Securities, unamortized premiums and discounts, repurchase agreements, and loans1 6,954,033 149,619 3,710,293 104,125 270,946 694,960 466,759 384,038 100,325 46,487 81,920 308,304 636,256 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)2 10,419 10,419 0 0 0 0 0 0 0 0 0 0 0 Central bank liquidity swaps3 155 6 54 5 16 31 5 8 3 1 2 4 20 Foreign currency denominated assets4 18,397 768 6,363 648 1,957 3,629 603 903 414 115 200 442 2,355 Other assets5 41,079 1,120 18,796 716 1,580 4,359 3,923 2,234 817 570 958 2,032 3,976 Interdistrict settlement account 0+ 9,310- 98,393+ 54,615+ 35,320- 73,678+ 1,489- 35,815+ 8,831+ 5,278- 12,763+ 11,769 + 94,038 Total assets 7,046,840 172,027 3,643,782 160,934 310,865 631,059 475,890 353,038 111,059 52,862 71,017 324,521 739,786 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 9, 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 2,305,270 85,641 749,221 55,433 114,508 167,110 359,594 105,692 77,585 30,748 29,532 201,678 328,526 Reverse repurchase agreements6 739,297 15,377 397,846 11,015 28,829 73,692 49,462 40,800 10,345 4,618 8,129 32,284 66,900 Deposits 4,148,444 66,767 2,603,736 95,384 171,565 413,224 64,404 218,264 21,992 17,322 33,416 90,560 351,811 Depository institutions 3,197,045 66,707 1,754,745 95,382 171,533 412,504 64,376 117,080 21,986 17,254 33,387 90,324 351,764 U.S. Treasury, General Account 787,395 0 787,395 0 0 0 0 0 0 0 0 0 0 Foreign official 9,682 2 9,656 1 4 8 1 2 1 0 0 1 5 Other7 154,323 58 51,940 0 28 712 27 101,183 4 68 28 234 41 Earnings remittances due to the U.S. Treasury8 -202,969 -3,897 -124,575 -2,655 -8,947 -32,548 25 -14,303 -16 -236 -744 -1,448 -13,625 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 8,392 1,338 2,678 232 335 1,022 938 442 163 134 199 260 651 Total liabilities 7,003,393 170,185 3,628,906 159,409 306,291 622,500 474,424 350,896 110,069 52,586 70,533 323,333 734,263 Capital Capital paid in 36,662 1,559 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 7,046,840 172,027 3,643,782 160,934 310,865 631,059 475,890 353,038 111,059 52,862 71,017 324,521 739,786 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 9, 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 9, 2024 Federal Reserve notes outstanding 2,781,914 Less: Notes held by F.R. Banks not subject to collateralization 476,644 Federal Reserve notes to be collateralized 2,305,270 Collateral held against Federal Reserve notes 2,305,270 Gold certificate account 11,037 Special drawing rights certificate account 10,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 2,284,033 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 6,648,892 Less: Face value of securities under reverse repurchase agreements 805,220 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 5,843,673 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.