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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 August 8, 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 2020 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 Aug 7, 2024 Averages of daily figures Change from week ended Jul 31, 2024 Aug 9, 2023 7,135,585 6,734,175 4,413,637 195,293 3,757,428 344,044 116,872 2,347 2,318,190 261,293 -24,506 6 4 1 108,684 4,402 0 68 2,676 101,538 0 - 10,880 0 0 -324 150 45,228 18,456 11,041 10,200 53,050 + + + + + - + + + + 10,183 8,727 8,728 0 9,712 898 86 0 0 458 81 5 4 0 2,877 2,211 1 3 24 638 0 13 0 0 95 5 1,853 367 0 0 14 7,228,332 9,802 Total factors supplying reserve funds Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. -1,035,851 - 833,975 - 634,606 64,129 - 558,171 20,505 + 8,198 0 - 199,369 31,206 + 2,684 + 6 + 4 + 1 - 152,576 + 2,271 0 + 7 3,582 4,568 - 146,705 - Wednesday Aug 7, 2024 7,133,764 6,734,187 4,413,650 195,293 3,757,428 344,044 116,885 2,347 2,318,190 261,148 -24,425 10 5 5 105,772 2,232 0 68 2,615 100,858 0 8,875 5,607 1,578 171 79 4,474 81 0 5,000 728 10,891 0 0 -321 149 46,354 18,434 11,041 10,200 53,050 -1,030,204 7,226,488 + + 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 Aug 7, 2024 Averages of daily figures Change from week ended Jul 31, 2024 Aug 9, 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 2,349,486 718,528 395,790 322,738 403 937,072 0 770,931 9,679 156,462 4,958 -133,777 + + - 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 Aug 7, 2024 + 2,179 65,565 4,483 61,082 1 6,744 0 15,555 5 8,816 0 2,184 + 16,363 -1,366,099 + 103,111 -1,469,210 + 122 + 298,603 0 + 326,337 8 27,727 8,400 99,597 2,350,210 681,881 395,221 286,660 399 949,554 0 785,233 9,680 154,641 4,958 -133,430 3,876,671 - 67,944 -1,159,009 3,853,572 3,351,662 + 58,143 + 3,372,916 + 128,806 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 2020 LLC of $5.0 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 Aug 7, 2024 3,313,277 2,931,814 301,206 80,256 36,689 36,689 36,689 0 Averages of daily figures Change from week ended Jul 31, 2024 Aug 9, 2023 + + + + + + + 12,099 11,932 99 66 496 496 496 0 - 140,963 87,705 51,470 1,789 4,162 4,162 4,162 0 Wednesday Aug 7, 2024 3,296,206 2,914,802 301,171 80,233 36,654 36,654 36,654 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, August 7, 2024 Millions of dollars Within 15 days Remaining Maturity Loans U.S. Treasury securities2 Holdings Weekly changes 1,622 1 Federal agency debt securities3 Holdings Weekly changes 16 days to 90 days - 79,828 4,213 808 + 166,965 31,811 0 0 Mortgage-backed securities4 0 Holdings 0 + Weekly changes Loan participations held by MS Facilities 2020 LLC (Main Street 0 Lending Program)5 10 Repurchase agreements6 149 Central bank liquidity swaps7 681,881 Reverse repurchase agreements6 0 Term deposits Note: Components may not sum to totals because of rounding. ...Not applicable. 1. 2. 3. 4. 5. 6. 7. - 0 0 1 1 0 0 0 0 0 Over 1 year to 5 years Over 5 year to 10 years 101,138 2,203 0 535,307 27,593 1,472,812 + 16 0 0 486 0 91 days to 1 year + 26 1 0 ... 0 ... 0 + 6,285 102 5,827 ... 0 ... ... + 637,854 4 Over 10 years ... 1,520,884 10 + 1,861 0 + 25,726 74 ... ... 0 ... ... All 105,772 4,413,650 35 + 0 0 2,347 0 2,286,153 178 2,318,190 0 ... ... 0 ... ... 5,827 10 149 681,881 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 2020 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 2020 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 Aug 7, 2024 Mortgage-backed securities held outright1 Residential mortgage-backed securities Commercial mortgage-backed securities 2,318,190 2,310,058 8,132 0 Commitments to buy mortgage-backed securities2 Commitments to sell mortgage-backed securities2 146 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 Aug 7, 2024 Net portfolio holdings of Credit Facilities LLC Credit Facilities LLC: Outstanding principal amount of loan extended to the LLC1 MS Facilities 2020 LLC (Main Street Lending 4,903 Program) Note: Components may not sum to totals because of rounding. 1. 2. 3. Outstanding amount of facility asset purchases2 4,925 Treasury contributions and other assets3 5,965 Total 10,891 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 credit losses updated as of June 30, 2024. 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 2020 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 Aug 7, 2024 11,037 10,200 1,447 (0) Change since Wednesday Wednesday Jul 31, 2024 Aug 9, 2023 + 7,076,692 6,734,187 4,413,650 195,293 3,757,428 344,044 116,885 2,347 2,318,190 261,148 -24,425 10 105,772 + + 10,891 0 0 50 431 149 18,434 45,926 + (0) 7,175,256 Total assets Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 0 0 13 + + 0 5,000 32 6,440 35 35 0 0 0 35 0 0 442 55 5 5,983 -1,017,199 - 834,090 - 634,720 64,129 - 558,171 20,505 + 8,085 0 - 199,369 31,178 + 2,673 + 10 - 154,614 + + 13 0 0 5 7 6 224 3,076 - - 3,135 -1,032,985 + + - 8,880 5,609 1,579 9 9 80 27 4,624 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 Aug 7, 2024 Change since Wednesday Wednesday Jul 31, 2024 Aug 9, 2023 2,299,002 681,881 4,322,473 0 3,372,919 785,233 9,680 154,641 372 4,958 -176,838 + + + 1,541 131,380 125,415 0 194,219 68,768 5 32 713 0 1,892 + 16,382 -1,414,571 + 473,136 0 + 144,337 + 352,971 6 24,166 + 74 8,400 - 100,304 7,131,848 - 3,245 -1,033,683 36,623 6,785 0 + 111 0 0 + 698 0 0 43,408 + 111 + 698 + - 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 2020 LLC of $5.0 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, August 7, 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 2020 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 21,237 1,447 729 44 6,619 43 657 169 997 48 1,557 183 2,999 105 1,417 249 635 33 355 48 599 101 1,786 178 2,887 246 7,076,692 157,069 3,759,576 106,198 275,188 704,200 475,639 392,409 103,528 49,258 85,164 314,290 654,173 10,891 149 10,891 6 0 51 0 5 0 16 0 29 0 5 0 7 0 3 0 1 0 2 0 4 0 19 18,434 46,407 0 + 769 1,306 4,826 + 6,375 21,553 20,018 + 649 803 17,814 + 1,961 1,771 8,992 - 7,175,256 175,639 3,814,236 126,296 288,972 Total assets Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 3,636 4,825 57,022 657,409 604 4,061 17,398 466,015 905 2,582 34,088 + 363,482 415 1,073 3,673 109,360 115 614 3,341 47,050 201 988 15,051 + 72,003 443 2,242 24 + 318,967 2,360 4,589 71,553 735,827 H.4.1 6. Statement of Condition of Each Federal Reserve Bank, August 7, 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 2,299,002 681,881 4,322,473 86,568 14,183 70,414 741,616 366,948 2,802,462 56,549 10,159 59,899 115,497 26,590 149,905 161,998 67,969 447,849 356,962 45,621 61,162 109,783 37,632 226,446 76,126 9,542 22,520 27,985 4,260 14,586 32,697 7,497 31,752 202,210 29,777 86,832 331,010 61,704 348,647 3,372,919 785,233 9,680 154,641 70,360 0 2 52 1,954,203 785,233 9,654 53,372 59,898 0 1 0 149,871 0 4 29 447,229 0 8 613 61,135 0 1 26 126,096 0 2 100,348 22,514 0 1 5 14,533 0 0 52 31,722 0 0 29 86,756 0 1 75 348,602 0 5 40 -188,104 -3,620 -116,599 -2,090 -8,052 -30,345 53 -13,194 1 -196 -631 -1,381 -12,051 4,958 4,958 0 0 0 0 0 0 0 0 0 0 0 11,638 1,294 4,933 252 459 1,381 751 673 181 143 222 341 1,008 7,131,848 173,797 3,799,360 124,770 284,398 648,852 464,549 361,339 108,370 46,777 71,537 317,779 730,319 36,623 6,785 0 1,559 283 0 12,531 2,346 0 1,286 239 0 3,852 722 0 7,218 1,339 0 1,244 222 0 1,810 333 0 837 153 0 231 42 0 392 74 0 1,024 163 0 4,639 869 0 7,175,256 175,639 3,814,236 126,296 288,972 Total liabilities and capital Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 657,409 466,015 363,482 109,360 47,050 72,003 318,967 735,827 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, August 7, 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 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 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 Aug 7, 2024 2,766,485 467,483 2,299,002 2,299,002 11,037 10,200 2,277,765 0 6,734,197 787,680 5,946,518