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 31, 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 30, 2024 Federal Reserve Banks Oct 30, 2024 Oct 23, 2024 Nov 1, 2023 Reserve Bank credit 6,974,370 - 18,205 - 886,489 6,971,209 Securities held outright1 6,627,879 - 12,693 - 737,457 6,626,135 U.S. Treasury securities 4,357,762 + 137 - 542,320 4,357,825 Bills2 195,293 0 - 36,065 195,293 Notes and bonds, nominal2 3,704,440 + 43 - 486,121 3,704,447 Notes and bonds, inflation-indexed2 340,938 + 7 - 24,442 340,956 Inflation compensation3 117,092 + 87 + 4,309 117,130 Federal agency debt securities2 2,347 0 0 2,347 Mortgage-backed securities4 2,267,770 - 12,830 - 195,137 2,265,963 Unamortized premiums on securities held outright5 254,542 - 764 - 29,891 254,329 Unamortized discounts on securities held outright5 -23,759 + 90 + 2,577 -23,681 Repurchase agreements6 9 + 6 + 7 31 Foreign official 1 + 1 + 1 0 Others 9 + 6 + 7 31 Loans 62,453 - 3,860 - 102,444 61,485 Primary credit 1,467 - 140 - 1,661 1,505 Secondary credit 0 0 0 0 Seasonal credit 59 - 4 + 19 60 Paycheck Protection Program Liquidity Facility 2,093 - 43 - 2,291 2,090 Bank Term Funding Program 58,833 - 3,674 - 50,468 57,831 Other credit extensions7 0 0 - 48,043 0 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 10,147 + 10 - 8,980 10,158 Net portfolio holdings of Municipal Liquidity Facility LLC8 0 0 - 5,641 0 Net portfolio holdings of TALF II LLC8 0 0 - 1,165 0 Float -416 - 150 - 25 -1,324 Central bank liquidity swaps9 157 - 6 - 89 157 Other Federal Reserve assets10 43,358 - 839 - 3,381 43,918 Foreign currency denominated assets11 18,126 - 99 + 443 18,155 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 10,200 0 + 5,000 10,200 Treasury currency outstanding12 53,143 + 14 + 728 53,143 Total factors supplying reserve funds 7,066,880 - 18,289 - 880,317 7,063,748 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 30, 2024 Federal Reserve Banks Oct 30, 2024 Oct 23, 2024 Nov 1, 2023 Currency in circulation12 2,354,988 - 1,003 + 31,622 2,356,502 Reverse repurchase agreements13 620,731 - 34,206 - 789,930 627,007 Foreign official and international accounts 390,928 - 5,219 + 83,212 398,061 Others 229,802 - 28,988 - 873,143 228,946 Treasury cash holdings 336 + 6 - 36 347 Deposits with F.R. Banks, other than reserve balances 1,002,000 + 8,234 + 9,086 1,011,543 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 835,237 + 5,246 + 14,750 847,137 Foreign official 9,683 0 - 4 9,684 Other14 157,079 + 2,987 - 5,661 154,722 Treasury contributions to credit facilities15 4,958 0 - 8,400 4,958 Other liabilities and capital16 -153,090 + 1,869 - 92,400 -152,403 Total factors, other than reserve balances, absorbing reserve funds 3,829,922 - 25,102 - 850,060 3,847,954 Reserve balances with Federal Reserve Banks 3,236,958 + 6,813 - 30,258 3,215,794 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 30, 2024 Oct 30, 2024 Oct 23, 2024 Nov 1, 2023 Securities held in custody for foreign official and international accounts 3,329,141 + 7,623 - 92,025 3,323,744 Marketable U.S. Treasury securities1 2,941,663 + 8,861 - 43,040 2,936,186 Federal agency debt and mortgage-backed securities2 298,788 - 1,330 - 55,092 298,893 Other securities3 88,691 + 93 + 6,107 88,665 Securities lent to dealers 32,685 + 2,286 - 2,453 35,056 Overnight facility4 32,685 + 2,286 - 2,453 35,056 U.S. Treasury securities 32,685 + 2,286 - 2,453 35,056 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 30, 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 1,112 57,410 1,261 1,702 0 ... 61,485 U.S. Treasury securities2 Holdings 70,055 215,127 484,413 1,467,694 592,512 1,528,024 4,357,825 Weekly changes + 5,331 - 2,768 - 2,552 + 38 + 11 + 109 + 169 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 12 6,005 23,699 2,236,246 2,265,963 Weekly changes 0 0 - 4 - 121 - 532 - 11,997 - 12,653 Loan participations held by MS Facilities 2020 LLC (Main Street Lending Program)5 0 0 0 5,037 ... ... 5,037 Repurchase agreements6 31 0 ... ... ... ... 31 Central bank liquidity swaps7 157 0 0 0 0 0 157 Reverse repurchase agreements6 627,007 0 ... ... ... ... 627,007 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 30, 2024 Mortgage-backed securities held outright1 2,265,963 Residential mortgage-backed securities 2,257,865 Commercial mortgage-backed securities 8,098 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 30, 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 4,475 5,683 10,158 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 30, 2024 Oct 23, 2024 Nov 1, 2023 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 10,200 0 + 5,000 Coin 1,495 - 8 + 40 Securities, unamortized premiums and discounts, repurchase agreements, and loans 6,918,299 - 15,290 - 840,742 Securities held outright1 6,626,135 - 12,484 - 711,720 U.S. Treasury securities 4,357,825 + 169 - 514,776 Bills2 195,293 0 - 35,973 Notes and bonds, nominal2 3,704,447 + 50 - 458,577 Notes and bonds, inflation-indexed2 340,956 + 25 - 24,424 Inflation compensation3 117,130 + 94 + 4,198 Federal agency debt securities2 2,347 0 0 Mortgage-backed securities4 2,265,963 - 12,653 - 196,944 Unamortized premiums on securities held outright5 254,329 - 739 - 29,913 Unamortized discounts on securities held outright5 -23,681 + 86 + 2,565 Repurchase agreements6 31 + 31 + 30 Loans7 61,485 - 2,184 - 101,704 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 10,158 + 13 - 8,986 Net portfolio holdings of Municipal Liquidity Facility LLC8 0 0 - 5,643 Net portfolio holdings of TALF II LLC8 0 0 - 1,019 Items in process of collection (0) 70 + 24 + 3 Bank premises 430 + 4 0 Central bank liquidity swaps9 157 - 6 - 89 Foreign currency denominated assets10 18,155 + 86 + 547 Other assets11 43,488 - 742 - 2,286 Total assets (0) 7,013,490 - 15,918 - 853,174 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 30, 2024 Oct 23, 2024 Nov 1, 2023 Liabilities Federal Reserve notes, net of F.R. Bank holdings 2,305,197 + 999 + 30,564 Reverse repurchase agreements12 627,007 - 41,610 - 769,508 Deposits (0) 4,227,337 + 21,589 - 14,677 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 3,215,794 - 12,668 - 98,836 U.S. Treasury, General Account 847,137 + 29,727 + 94,129 Foreign official 9,684 + 1 - 2 Other13 (0) 154,722 + 4,529 - 9,969 Deferred availability cash items (0) 1,394 + 1,034 + 848 Treasury contributions to credit facilities14 4,958 0 - 8,400 Other liabilities and accrued dividends15 -195,897 + 2,026 - 92,760 Total liabilities (0) 6,969,996 - 15,962 - 853,933 Capital accounts Capital paid in 36,709 + 44 + 759 Surplus 6,785 0 0 Other capital accounts 0 0 0 Total capital 43,494 + 44 + 759 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 30, 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 1,495 57 48 168 43 197 118 250 33 55 99 182 246 Securities, unamortized premiums and discounts, repurchase agreements, and loans1 6,918,299 145,719 3,696,007 103,083 269,839 692,028 465,073 381,597 99,406 46,072 81,468 306,403 631,604 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)2 10,158 10,158 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 18,155 757 6,279 639 1,931 3,582 595 891 409 114 198 437 2,324 Other assets5 43,989 1,079 20,570 744 1,719 4,685 3,918 2,386 875 590 1,022 2,172 4,226 Interdistrict settlement account 0+ 18,471- 36,324+ 54,318- 6,211- 45,969- 3,058- 35,113+ 8,969+ 5,578- 13,877+ 1,679 + 51,537 Total assets 7,013,490 176,976 3,693,254 159,615 268,336 656,110 469,651 351,436 110,331 52,765 69,510 312,662 692,844 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 30, 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 2,305,197 85,829 751,536 55,338 114,039 168,306 359,990 104,937 77,419 30,278 28,806 201,166 327,553 Reverse repurchase agreements6 627,007 13,042 337,418 9,342 24,450 62,499 41,949 34,603 8,774 3,917 6,894 27,381 56,738 Deposits 4,227,337 73,862 2,711,531 95,943 134,014 448,563 64,370 223,666 22,954 18,388 33,855 84,029 316,162 Depository institutions 3,215,794 73,857 1,802,862 95,942 133,980 447,997 64,295 121,727 22,949 18,281 33,824 83,951 316,130 U.S. Treasury, General Account 847,137 0 847,137 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 154,722 3 51,873 0 29 559 74 101,938 4 106 30 77 27 Earnings remittances due to the U.S. Treasury8 -207,040 -3,990 -126,707 -2,858 -9,192 -33,226 78 -14,614 -12 -257 -757 -1,435 -14,068 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 12,536 1,434 4,600 324 451 1,408 1,797 659 207 160 228 333 935 Total liabilities 6,969,996 175,134 3,678,377 158,089 263,762 647,551 468,184 349,251 109,341 52,486 69,027 311,473 687,321 Capital Capital paid in 36,709 1,559 12,531 1,286 3,852 7,221 1,244 1,852 837 236 410 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 7,013,490 176,976 3,693,254 159,615 268,336 656,110 469,651 351,436 110,331 52,765 69,510 312,662 692,844 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 30, 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 30, 2024 Federal Reserve notes outstanding 2,782,069 Less: Notes held by F.R. Banks not subject to collateralization 476,872 Federal Reserve notes to be collateralized 2,305,197 Collateral held against Federal Reserve notes 2,305,197 Gold certificate account 11,037 Special drawing rights certificate account 10,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 2,283,960 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 6,626,166 Less: Face value of securities under reverse repurchase agreements 680,471 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 5,945,694 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.