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FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks April 25, 2024 1. Factors Affecting Reserve Balances of Depository Institutions Millions of dollars Reserve Bank credit, related items, and reserve balances of depository institutions at Federal Reserve Banks Reserve Bank credit Securities held outright1 U.S. Treasury securities Bills2 Notes and bonds, nominal2 Notes and bonds, inflation-indexed2 Inflation compensation3 Federal agency debt securities2 Mortgage-backed securities4 Unamortized premiums on securities held outright5 Unamortized discounts on securities held outright5 Repurchase agreements6 Foreign official Others Loans Primary credit Secondary credit Seasonal credit Paycheck Protection Program Liquidity Facility Bank Term Funding Program Other credit extensions7 Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)8 Net portfolio holdings of Municipal Liquidity Facility LLC8 Net portfolio holdings of TALF II LLC8 Float Central bank liquidity swaps9 Other Federal Reserve assets10 Foreign currency denominated assets11 Gold stock Special drawing rights certificate account Treasury currency outstanding12 Week ended Apr 24, 2024 Averages of daily figures Change from week ended Apr 17, 2024 Apr 26, 2023 7,367,798 6,928,633 4,539,554 195,143 3,881,355 350,027 113,030 2,347 2,386,732 269,623 -24,920 18 1 17 135,520 6,844 77 11 2,996 125,592 0 - 14,507 0 0 -243 137 44,523 17,749 11,041 5,200 52,840 - + + + + + + - + + - + 20,182 22,242 20,699 0 13,948 6,048 702 0 1,543 516 139 12 4 16 668 992 50 5 24 354 0 108 0 0 53 37 2,127 20 0 0 14 7,454,628 20,188 Total factors supplying reserve funds Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. -1,170,777 - 924,158 - 725,908 85,823 - 634,014 15,384 + 9,315 0 - 198,250 33,061 + 2,544 7,839 7,856 + 17 - 192,651 64,199 + 77 + 7 5,863 + 49,116 - 171,789 - Wednesday Apr 24, 2024 7,366,592 6,926,866 4,539,799 195,143 3,881,355 350,027 113,274 2,347 2,384,720 269,384 -24,833 5 2 3 135,693 7,018 197 10 2,975 125,492 0 7,650 5,610 1,927 73 282 69 1,113 0 0 675 14,518 0 0 -278 137 45,102 17,758 11,041 5,200 52,840 -1,171,216 7,453,432 + H.4.1 1. Factors Affecting Reserve Balances of Depository Institutions (continued) Millions of dollars Reserve Bank credit, related items, and reserve balances of depository institutions at Federal Reserve Banks Week ended Apr 24, 2024 Averages of daily figures Change from week ended Apr 17, 2024 Apr 26, 2023 Currency in circulation12 Reverse repurchase agreements13 Foreign official and international accounts Others Treasury cash holdings Deposits with F.R. Banks, other than reserve balances Term deposits held by depository institutions U.S. Treasury, General Account Foreign official Other14 Treasury contributions to credit facilities15 Other liabilities and capital16 2,344,898 780,148 364,203 415,946 447 1,112,293 0 941,430 15,830 155,032 7,438 -114,960 + + + + + Total factors, other than reserve balances, absorbing reserve funds Reserve balances with Federal Reserve Banks Note: Components may not sum to totals because of rounding. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. Wednesday Apr 24, 2024 - 1,689 25,202 11,608 13,595 5 159,787 0 144,895 6,135 8,755 0 5,141 + 22,447 -1,869,301 + 2,016 -1,871,315 + 283 + 606,249 0 + 649,728 + 6,146 49,626 7,909 - 111,692 2,344,784 809,259 368,044 441,215 451 1,133,956 0 929,379 27,504 177,074 7,438 -114,163 4,130,265 + 178,166 -1,359,923 4,181,725 3,324,363 - 198,354 + 3,271,706 + + + 188,708 Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. Face value of the securities. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities. 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. Cash value of agreements. 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. 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. 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. Includes bank premises, accrued interest, and other accounts receivable. Revalued daily at current foreign currency exchange rates. Estimated. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities 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. Book value. Amount of equity investments in MS Facilities LLC of $7.4 billion. 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 Memorandum item Securities held in custody for foreign official and international accounts Marketable U.S. Treasury securities1 Federal agency debt and mortgage-backed securities2 Other securities3 Securities lent to dealers Overnight facility4 U.S. Treasury securities Federal agency debt securities Note: Components may not sum to totals because of rounding. 1. 2. 3. 4. Week ended Apr 24, 2024 3,354,951 2,956,497 317,293 81,161 30,417 30,417 30,417 0 Averages of daily figures Change from week ended Apr 17, 2024 Apr 26, 2023 - 14,411 12,502 1,865 44 4,458 4,458 4,458 0 + - 15,835 5,870 21,379 326 15,675 15,675 15,659 16 Wednesday Apr 24, 2024 3,348,956 2,951,583 316,324 81,049 31,213 31,213 31,213 0 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. Face value of federal agency securities and current face value of mortgage-backed securities, which is the remaining principal balance of the securities. Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed securities, and commercial paper at face value. Face value. Fully collateralized by U.S. Treasury securities. H.4.1 2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, April 24, 2024 Millions of dollars Within 15 days Remaining Maturity Loans U.S. Treasury securities2 Holdings Weekly changes 13,146 1 Federal agency debt securities3 Holdings Weekly changes - 61,251 748 2. 3. 4. 5. 6. 7. Over 5 year to 10 years 107,738 2,965 0 525,436 4,204 1,517,921 + 287 0 0 0 0 0 0 1 0 34 0 5,607 0 0 0 0 0 0 0 ... 0 ... 0 6,994 ... 0 ... ... 91 days to 1 year 11,844 - 241,502 3,370 0 0 Mortgage-backed securities4 0 Holdings 0 Weekly changes Loan participations held by MS Facilities LLC (Main Street Lending 0 Program)5 5 Repurchase agreements6 137 Central bank liquidity swaps7 809,259 Reverse repurchase agreements6 0 Term deposits Note: Components may not sum to totals because of rounding. ...Not applicable. 1. Over 1 year to 5 years 16 days to 90 days + + 684,209 102 Over 10 years ... 1,509,480 191 + 2,347 0 - 28,773 1,402 ... ... 0 ... ... All 135,693 4,539,799 666 + 0 0 2,350,305 2,119 - ... ... 0 ... ... 2,347 0 2,384,720 3,521 - 6,994 5 137 809,259 0 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 LLC, which were eliminated when preparing the FRBB's statement of condition, consistent with consolidation under generally accepted accounting principles. 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. Face value. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities. Book value of the loan participations held by the MS Facilities LLC. Cash value of agreements. 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 Account name Wednesday Apr 24, 2024 Mortgage-backed securities held outright1 Residential mortgage-backed securities Commercial mortgage-backed securities 2,384,720 2,376,537 8,183 0 Commitments to buy mortgage-backed securities2 Commitments to sell mortgage-backed securities2 0 0 Cash and cash equivalents3 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 Apr 24, 2024 Net portfolio holdings of Credit Facilities LLC Outstanding principal amount of loan extended to the LLC1 5,857 MS Facilities LLC (Main Street Lending Program) Note: Components may not sum to totals because of rounding. Credit Facilities LLC: 1. 2. 3. Outstanding amount of facility asset purchases2 6,287 Treasury contributions and other assets3 8,231 Total 14,518 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. Outstanding amount of facility asset purchases includes loan participations at face value, net of an allowance for loan losses updated as of December 31, 2023. 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 Assets, liabilities, and capital Assets Gold certificate account Special drawing rights certificate account Coin Securities, unamortized premiums and discounts, repurchase agreements, and loans Securities held outright1 U.S. Treasury securities Bills2 Notes and bonds, nominal2 Notes and bonds, inflation-indexed2 Inflation compensation3 Federal agency debt securities2 Mortgage-backed securities4 Unamortized premiums on securities held outright5 Unamortized discounts on securities held outright5 Repurchase agreements6 Loans7 Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)8 Net portfolio holdings of Municipal Liquidity Facility LLC8 Net portfolio holdings of TALF II LLC8 Items in process of collection Bank premises Central bank liquidity swaps9 Foreign currency denominated assets10 Other assets11 Eliminations from consolidation Wednesday Apr 24, 2024 11,037 5,200 1,517 (0) Change since Wednesday Wednesday Apr 17, 2024 Apr 26, 2023 - 7,307,114 6,926,866 4,539,799 195,143 3,881,355 350,027 113,274 2,347 2,384,720 269,384 -24,833 5 135,693 + 14,518 0 0 52 456 137 17,758 44,646 + (0) 7,402,434 Total assets Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 0 0 11 + 0 0 216 5,176 2,854 666 0 0 0 665 0 3,521 584 102 2 1,633 -1,145,756 - 916,986 - 725,929 85,823 - 634,057 15,384 + 9,335 0 - 191,056 32,868 + 2,531 + 5 - 198,437 - + + + 13 0 0 13 6 37 34 2,113 - 3,072 -1,160,334 + - + + 7,661 5,613 1,929 0 3 281 1,194 1,882 H.4.1 5. Consolidated Statement of Condition of All Federal Reserve Banks (continued) Millions of dollars Assets, liabilities, and capital Liabilities Federal Reserve notes, net of F.R. Bank holdings Reverse repurchase agreements12 Deposits Term deposits held by depository institutions Other deposits held by depository institutions U.S. Treasury, General Account Foreign official Other13 Deferred availability cash items Treasury contributions to credit facilities14 Other liabilities and accrued dividends15 Total liabilities Capital accounts Capital paid in Surplus Other capital accounts Total capital Note: Components may not sum to totals because of rounding. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. Eliminations from consolidation (0) (0) (0) (0) Wednesday Apr 24, 2024 Change since Wednesday Wednesday Apr 17, 2024 Apr 26, 2023 2,293,908 809,259 4,405,663 0 3,271,706 929,379 27,504 177,074 330 7,438 -157,304 + - - 1,940 13,619 9,579 0 57,826 553 17,810 30,990 9 0 5,161 + 20,376 -1,829,546 + 767,870 0 + 139,606 + 633,170 + 17,820 22,727 17 7,909 - 112,043 7,359,294 - 3,072 -1,161,269 + + - 36,356 6,785 0 0 0 0 + 936 0 0 43,141 0 + 936 Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. Face value of the securities. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities. 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. 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. 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. 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. Revalued daily at current foreign currency exchange rates. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 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. Book value. Amount of equity investments in MS Facilities LLC of $7.4 billion. Includes the liability for earnings remittances due to the U.S. Treasury. H.4.1 6. Statement of Condition of Each Federal Reserve Bank, April 24, 2024 Millions of dollars Assets, liabilities, and capital Assets Gold certificates and special drawing rights certificates Coin Securities, unamortized premiums and discounts, repurchase agreements, and loans1 Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)2 Central bank liquidity swaps3 Foreign currency denominated assets4 Other assets5 Interdistrict settlement account Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City San Francisco Dallas 16,237 1,517 563 46 5,129 51 517 164 761 51 1,203 192 2,268 101 1,108 271 484 32 272 56 460 108 1,311 177 2,161 268 7,307,114 162,736 3,872,725 110,159 283,255 725,769 490,541 406,056 106,647 51,383 88,450 324,724 684,668 14,518 137 14,518 6 0 47 0 5 0 15 0 27 0 4 0 7 0 3 0 1 0 1 0 3 0 18 17,758 45,153 0 + 741 1,170 5,159 + 6,141 21,175 108,443 + 625 797 689 - 1,889 1,736 12,870 - 7,402,434 184,939 4,013,713 112,956 274,837 Total assets Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 3,503 4,690 49,554 685,830 582 4,005 30,145 467,357 872 2,515 37,885 372,944 400 821 4,165 104,221 111 571 3,382 49,012 193 933 13,027 77,119 427 2,134 19,583 + 309,194 2,273 4,605 56,320 750,313 H.4.1 6. Statement of Condition of Each Federal Reserve Bank, April 24, 2024 (continued) Millions of dollars Assets, liabilities, and capital Liabilities Federal Reserve notes, net Reverse repurchase agreements6 Deposits Depository institutions U.S. Treasury, General Account Foreign official Other7 Earnings remittances due to the U.S. Treasury8 Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City San Francisco Dallas 2,293,908 809,259 4,405,663 84,758 16,832 75,969 745,443 435,495 2,918,342 51,205 12,057 49,644 110,232 31,557 135,144 161,338 80,666 460,835 355,294 54,143 55,676 120,780 44,661 216,529 71,927 11,324 19,829 30,808 5,056 12,974 38,733 8,898 29,429 196,301 35,340 77,762 327,088 73,231 353,532 3,271,706 929,379 27,504 177,074 75,915 0 2 52 1,883,870 929,379 27,477 77,615 49,643 0 1 0 135,113 0 4 27 460,403 0 8 423 55,648 0 1 27 117,830 0 2 98,697 19,825 0 1 3 12,916 0 0 57 29,397 0 0 32 77,650 0 1 111 353,496 0 5 30 -165,390 -3,266 -103,460 -1,650 -6,993 -26,446 110 -11,608 13 -212 -576 -1,592 -9,712 7,438 7,438 0 0 0 0 0 0 0 0 0 0 0 8,416 1,399 3,039 189 319 983 665 456 148 115 178 249 675 7,359,294 183,131 3,998,859 111,446 270,259 677,376 465,888 370,819 103,242 48,740 76,661 308,060 744,813 36,356 6,785 0 1,525 283 0 12,508 2,346 0 1,271 239 0 3,856 722 0 7,116 1,339 0 1,247 222 0 1,792 333 0 826 153 0 229 42 0 384 74 0 970 163 0 4,631 869 0 7,402,434 184,939 4,013,713 112,956 274,837 Total liabilities and capital Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 685,830 467,357 372,944 104,221 49,012 77,119 309,194 750,313 Treasury contributions to credit facilities9 Other liabilities and accrued dividends Total liabilities Capital Capital paid in Surplus Other capital H.4.1 6. Statement of Condition of Each Federal Reserve Bank, April 24, 2024 (continued) 1. 2. 3. 4. 5. 6. 7. 8. 9. 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. 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. 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. Revalued daily at current foreign currency exchange rates. Includes items in process of collection, bank premises, accrued interest (which represents the daily accumulation of interest earned), and other accounts receivable. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 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. 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. Book value. Amount of equity investments in MS Facilities LLC of $7.4 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 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 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 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 Federal Reserve notes and collateral Federal Reserve notes outstanding Less: Notes held by F.R. Banks not subject to collateralization Federal Reserve notes to be collateralized Collateral held against Federal Reserve notes Gold certificate account Special drawing rights certificate account U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 Other assets pledged Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 Less: Face value of securities under reverse repurchase agreements U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged Note: Components may not sum to totals because of rounding. 1. 2. 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. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. Wednesday Apr 24, 2024 2,736,248 442,340 2,293,908 2,293,908 11,037 5,200 2,277,671 0 6,926,871 951,421 5,975,450