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 17, 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 16, 2024 Federal Reserve Banks Oct 16, 2024 Oct 9, 2024 Oct 18, 2023 Reserve Bank credit 7,002,921 - 1,479 - 902,363 6,997,610 Securities held outright1 6,646,960 - 1,900 - 756,491 6,642,007 U.S. Treasury securities 4,362,531 - 1,904 - 558,879 4,357,572 Bills2 195,293 0 - 39,426 195,293 Notes and bonds, nominal2 3,706,347 - 781 - 503,116 3,704,397 Notes and bonds, inflation-indexed2 343,405 - 990 - 21,975 340,931 Inflation compensation3 117,486 - 134 + 5,639 116,951 Federal agency debt securities2 2,347 0 0 2,347 Mortgage-backed securities4 2,282,082 + 4 - 197,612 2,282,088 Unamortized premiums on securities held outright5 255,796 - 479 - 30,113 255,652 Unamortized discounts on securities held outright5 -23,897 + 92 + 2,615 -23,844 Repurchase agreements6 0 - 15 0 1 Foreign official 0 0 0 0 Others 0 - 15 0 1 Loans 71,303 - 1,991 - 98,313 70,976 Primary credit 1,537 + 63 - 1,183 1,879 Secondary credit 0 0 0 0 Seasonal credit 64 + 9 + 9 63 Paycheck Protection Program Liquidity Facility 2,204 - 51 - 2,459 2,201 Bank Term Funding Program 67,498 - 2,013 - 41,320 66,833 Other credit extensions7 0 0 - 53,360 0 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 10,337 - 72 - 8,898 10,135 Net portfolio holdings of Municipal Liquidity Facility LLC8 0 0 - 5,635 0 Net portfolio holdings of TALF II LLC8 0 0 - 1,221 0 Float -350 - 84 - 186 -325 Central bank liquidity swaps9 159 + 4 - 72 159 Other Federal Reserve assets10 42,613 + 2,966 - 4,048 42,848 Foreign currency denominated assets11 18,374 - 86 + 735 18,295 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 10,200 0 + 5,000 10,200 Treasury currency outstanding12 53,115 + 14 + 728 53,115 Total factors supplying reserve funds 7,095,650 - 1,552 - 895,900 7,090,261 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 16, 2024 Federal Reserve Banks Oct 16, 2024 Oct 9, 2024 Oct 18, 2023 Currency in circulation12 2,358,311 + 4,087 + 33,222 2,358,793 Reverse repurchase agreements13 716,134 - 20,154 - 717,990 669,015 Foreign official and international accounts 400,706 - 3,719 + 102,993 396,944 Others 315,428 - 16,434 - 820,983 272,071 Treasury cash holdings 324 + 6 - 35 330 Deposits with F.R. Banks, other than reserve balances 956,338 - 11,135 + 34,791 978,291 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 791,792 - 10,323 + 31,914 814,751 Foreign official 9,683 0 - 5 9,684 Other14 154,863 - 812 + 2,882 153,856 Treasury contributions to credit facilities15 4,958 0 - 8,400 4,958 Other liabilities and capital16 -150,293 + 1,973 - 93,485 -149,964 Total factors, other than reserve balances, absorbing reserve funds 3,885,773 - 25,222 - 751,896 3,861,423 Reserve balances with Federal Reserve Banks 3,209,877 + 23,670 - 144,004 3,228,838 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 16, 2024 Oct 16, 2024 Oct 9, 2024 Oct 18, 2023 Securities held in custody for foreign official and international accounts 3,319,223 - 520 - 114,048 3,317,529 Marketable U.S. Treasury securities1 2,931,871 - 567 - 65,785 2,928,845 Federal agency debt and mortgage-backed securities2 297,992 + 328 - 55,183 299,490 Other securities3 89,360 - 281 + 6,920 89,194 Securities lent to dealers 31,088 - 1,198 - 7,818 28,417 Overnight facility4 31,088 - 1,198 - 7,818 28,417 U.S. Treasury securities 31,088 - 1,198 - 7,818 28,417 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 16, 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 1,389 12,117 55,673 1,797 0 ... 70,976 U.S. Treasury securities2 Holdings 61,915 178,430 529,229 1,467,618 592,491 1,527,890 4,357,572 Weekly changes + 25,550 - 34,168 + 2,810 - 1,959 + 547 + 327 - 6,894 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 2,251,379 2,282,088 Weekly changes 0 0 0 0 0 + 10 + 10 Loan participations held by MS Facilities 2020 LLC (Main Street Lending Program)5 0 0 0 5,106 ... ... 5,106 Repurchase agreements6 1 0 ... ... ... ... 1 Central bank liquidity swaps7 159 0 0 0 0 0 159 Reverse repurchase agreements6 669,015 0 ... ... ... ... 669,015 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 16, 2024 Mortgage-backed securities held outright1 2,282,088 Residential mortgage-backed securities 2,273,985 Commercial mortgage-backed securities 8,103 Commitments to buy mortgage-backed securities2 74 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 16, 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) 4,035 4,538 5,597 10,135 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 16, 2024 Oct 9, 2024 Oct 18, 2023 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 10,200 0 + 5,000 Coin 1,504 - 15 + 48 Securities, unamortized premiums and discounts, repurchase agreements, and loans 6,944,792 - 9,241 - 879,578 Securities held outright1 6,642,007 - 6,884 - 753,449 U.S. Treasury securities 4,357,572 - 6,894 - 555,885 Bills2 195,293 0 - 39,238 Notes and bonds, nominal2 3,704,397 - 2,731 - 497,129 Notes and bonds, inflation-indexed2 340,931 - 3,464 - 24,449 Inflation compensation3 116,951 - 700 + 4,931 Federal agency debt securities2 2,347 0 0 Mortgage-backed securities4 2,282,088 + 10 - 197,564 Unamortized premiums on securities held outright5 255,652 - 468 - 30,065 Unamortized discounts on securities held outright5 -23,844 + 66 + 2,578 Repurchase agreements6 1 0 + 1 Loans7 70,976 - 1,955 - 98,642 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 10,135 - 284 - 8,876 Net portfolio holdings of Municipal Liquidity Facility LLC8 0 0 - 5,638 Net portfolio holdings of TALF II LLC8 0 0 - 1,222 Items in process of collection (0) 313 - 1 + 243 Bank premises 424 + 5 - 14 Central bank liquidity swaps9 159 + 4 - 72 Foreign currency denominated assets10 18,295 - 102 + 663 Other assets11 42,424 + 2,077 - 4,433 Total assets (0) 7,039,284 - 7,556 - 893,878 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 16, 2024 Oct 9, 2024 Oct 18, 2023 Liabilities Federal Reserve notes, net of F.R. Bank holdings 2,307,508 + 2,238 + 33,685 Reverse repurchase agreements12 669,015 - 70,282 - 779,913 Deposits (0) 4,207,129 + 58,685 - 45,878 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 3,228,838 + 31,793 - 21,392 U.S. Treasury, General Account 814,751 + 27,356 - 26,352 Foreign official 9,684 + 2 - 4 Other13 (0) 153,856 - 467 + 1,870 Deferred availability cash items (0) 638 + 24 + 332 Treasury contributions to credit facilities14 4,958 0 - 8,400 Other liabilities and accrued dividends15 -193,414 + 1,776 - 94,420 Total liabilities (0) 6,995,834 - 7,559 - 894,595 Capital accounts Capital paid in 36,665 + 3 + 717 Surplus 6,785 0 0 Other capital accounts 0 0 0 Total capital 43,450 + 3 + 717 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 16, 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 1,504 56 49 168 46 198 113 252 32 56 100 185 250 Securities, unamortized premiums and discounts, repurchase agreements, and loans1 6,944,792 149,453 3,706,178 103,955 270,656 693,928 466,258 383,012 100,211 46,374 81,821 307,671 635,276 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)2 10,135 10,135 0 0 0 0 0 0 0 0 0 0 0 Central bank liquidity swaps3 159 7 55 6 17 31 5 8 4 1 2 4 20 Foreign currency denominated assets4 18,295 763 6,328 644 1,946 3,609 599 898 412 115 199 440 2,342 Other assets5 43,161 1,167 19,908 744 1,671 4,574 4,068 2,329 870 556 999 2,107 4,167 Interdistrict settlement account 0+ 19,407- 84,915+ 55,874+ 23,153- 65,724- 4,314- 38,009+ 7,854+ 4,704- 15,043+ 13,113 + 83,900 Total assets 7,039,284 181,716 3,654,220 162,048 298,486 638,174 469,728 349,906 110,018 52,161 68,678 325,307 728,842 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 16, 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 2,307,508 86,051 749,803 55,657 114,544 167,876 360,312 105,291 77,646 30,660 29,571 201,603 328,495 Reverse repurchase agreements6 669,015 13,915 360,024 9,968 26,088 66,686 44,760 36,921 9,362 4,179 7,356 29,215 60,540 Deposits 4,207,129 77,470 2,650,364 97,301 161,838 426,508 62,105 219,312 21,832 17,127 31,778 94,400 347,096 Depository institutions 3,228,838 77,410 1,772,962 97,300 161,804 425,830 62,077 119,520 21,827 17,056 31,747 94,248 347,057 U.S. Treasury, General Account 814,751 0 814,751 0 0 0 0 0 0 0 0 0 0 Foreign official 9,684 2 9,658 1 4 8 1 2 1 0 0 1 5 Other7 153,856 58 52,993 0 29 670 27 99,790 4 70 30 151 34 Earnings remittances due to the U.S. Treasury8 -204,282 -3,920 -125,245 -2,724 -9,061 -32,780 81 -14,404 -7 -237 -743 -1,442 -13,800 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 11,505 1,400 4,398 320 503 1,324 1,004 645 195 154 232 343 988 Total liabilities 6,995,834 179,874 3,639,344 160,522 293,912 629,615 468,262 347,765 109,028 51,883 68,194 324,118 723,318 Capital Capital paid in 36,665 1,559 12,531 1,286 3,852 7,221 1,244 1,809 837 236 410 1,026 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 7,039,284 181,716 3,654,220 162,048 298,486 638,174 469,728 349,906 110,018 52,161 68,678 325,307 728,842 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 16, 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 16, 2024 Federal Reserve notes outstanding 2,782,676 Less: Notes held by F.R. Banks not subject to collateralization 475,168 Federal Reserve notes to be collateralized 2,307,508 Collateral held against Federal Reserve notes 2,307,508 Gold certificate account 11,037 Special drawing rights certificate account 10,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 2,286,271 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 6,642,008 Less: Face value of securities under reverse repurchase agreements 721,795 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 5,920,213 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.