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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 February 13, 2025 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 Feb 12, 2025 Averages of daily figures Change from week ended Feb 5, 2025 Feb 14, 2024 6,766,771 6,485,874 4,265,968 195,343 3,643,946 320,005 106,675 2,347 2,217,559 246,587 -24,129 29 0 29 5,313 3,199 0 3 1,914 196 0 + - 7,395 0 0 -284 73 45,913 17,698 11,041 15,200 53,187 + + + + + + + - + + - + 1,566 1,185 1,185 0 1,384 159 41 0 0 482 30 29 0 29 275 267 0 3 7 4 0 - 9 0 0 185 3 3,257 6 0 0 14 - 6,863,897 + 1,575 Total factors supplying reserve funds Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. Wednesday Feb 12, 2025 830,203 626,186 426,568 15,010 366,948 40,217 4,392 0 199,618 28,632 1,464 28 0 28 165,365 601 0 3 1,358 164,612 0 6,767,671 6,485,888 4,265,982 195,343 3,643,946 320,005 106,689 2,347 2,217,559 246,426 -24,057 100 0 100 5,142 3,033 0 4 1,910 195 0 + + 7,712 1 0 61 154 3,584 297 0 10,000 728 7,402 0 0 -326 73 47,023 17,655 11,041 15,200 53,187 - 819,772 6,864,754 + + + + + - - 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 Feb 12, 2025 Averages of daily figures Change from week ended Feb 5, 2025 Feb 14, 2024 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 2,349,865 466,823 379,752 87,071 351 994,899 0 828,102 9,684 157,113 3,461 -171,528 + + + 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. + + - - 739 51,875 2,957 48,919 10 13,179 0 22,509 2 9,332 0 3,439 3,643,870 - 3,220,027 + + + - Wednesday Feb 12, 2025 - 23,327 432,187 45,573 477,760 73 13,437 0 9,903 5 3,529 3,977 72,506 2,350,536 452,467 384,797 67,670 362 973,864 0 809,154 9,684 155,026 3,461 -171,344 41,388 - 498,854 3,609,347 42,962 - 320,918 3,255,407 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. 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 Feb 12, 2025 3,301,230 2,926,809 288,228 86,193 26,011 26,011 26,011 0 Averages of daily figures Change from week ended Feb 5, 2025 Feb 14, 2024 + + + + + + 21,891 21,667 75 299 329 329 329 0 + - 65,551 20,116 49,365 3,931 4,017 4,017 4,017 0 Wednesday Feb 12, 2025 3,302,755 2,928,345 288,196 86,214 26,411 26,411 26,411 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, February 12, 2025 Millions of dollars Within 15 days Remaining Maturity Loans U.S. Treasury securities2 Holdings Weekly changes 1,219 1 Federal agency debt securities3 Holdings Weekly changes - 89,286 1,573 2. 3. 4. 5. 6. 7. Over 5 year to 10 years 372 1,525 0 448,369 136 1,450,277 + 16 0 0 0 0 1,151 0 1,196 0 0 0 2,347 0 0 0 71 0 3,970 0 35,464 0 2,178,054 0 2,217,559 0 0 0 0 0 0 4,008 ... 0 ... 0 12 ... 0 ... ... ... ... 0 ... ... ... ... 0 ... ... 4,066 100 73 452,467 0 91 days to 1 year 2,025 + 187,267 1,714 0 0 Mortgage-backed securities4 0 Holdings 0 Weekly changes Loan participations held by MS Facilities 2020 LLC (Main Street 45 Lending Program)5 100 Repurchase agreements6 73 Central bank liquidity swaps7 452,467 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 - + 549,210 4 Over 10 years All ... 1,541,573 12 + 5,142 4,265,982 38 + 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 Feb 12, 2025 Mortgage-backed securities held outright1 Residential mortgage-backed securities Commercial mortgage-backed securities 2,217,559 2,209,533 8,026 149 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 Feb 12, 2025 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 2,953 Program) Note: Components may not sum to totals because of rounding. 1. 2. 3. Outstanding amount of facility asset purchases2 3,333 Treasury contributions and other assets3 4,069 Total 7,402 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 December 31, 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 Feb 12, 2025 11,037 15,200 1,577 (0) Change since Wednesday Wednesday Feb 5, 2025 Feb 14, 2024 + 6,713,499 6,485,888 4,265,982 195,343 3,643,946 320,005 106,689 2,347 2,217,559 246,426 -24,057 100 5,142 + + 7,402 0 0 47 594 73 17,655 46,430 + (0) 6,813,513 Total assets Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 0 0 12 + + 0 10,000 50 342 38 38 0 0 0 39 0 0 424 14 100 70 - - + + 8 0 0 5 5 3 114 3,018 + - 7,730 1 0 17 147 154 277 3,842 + 2,578 - 820,361 + + + - + + - 818,535 626,181 426,513 15,010 366,948 40,217 4,336 0 199,668 28,597 1,450 100 165,306 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 Feb 12, 2025 Change since Wednesday Wednesday Feb 5, 2025 Feb 14, 2024 2,299,284 452,467 4,229,271 0 3,255,407 809,154 9,684 155,026 373 3,461 -215,543 + + + - - 589 2,946 9,542 0 22,079 8,799 1 3,739 15 0 4,593 - 21,867 453,105 312,296 0 282,062 22,726 3 7,505 3 3,977 73,909 6,769,314 + 2,578 - 821,421 37,415 6,785 0 0 0 0 + 1,061 0 0 44,200 0 + 1,061 + + - 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. Includes the liability for earnings remittances due to the U.S. Treasury. H.4.1 6. Statement of Condition of Each Federal Reserve Bank, February 12, 2025 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 26,237 1,577 895 60 8,109 56 797 171 1,233 50 1,911 208 3,730 127 1,726 255 786 38 438 60 738 103 2,261 198 3,613 251 6,713,499 139,603 3,610,731 100,027 262,457 668,771 448,957 370,426 94,003 42,610 73,817 293,639 608,458 7,402 73 7,402 3 0 25 0 3 0 8 0 14 0 2 0 4 0 2 0 0 0 1 0 2 0 9 17,655 47,070 0 + 737 1,051 6,726 + 6,106 22,823 80,508 + 622 784 45,505 - 1,878 1,812 17,590 - 6,813,513 156,477 3,728,358 147,908 249,849 Total assets Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 3,483 4,908 115,919 563,377 578 4,426 4,283 453,538 867 2,530 36,584 + 339,222 398 1,012 8,564 + 104,802 111 513 7,095 50,827 192 811 4,534 + 71,127 425 2,110 1,628 + 300,262 2,260 4,291 28,885 647,766 H.4.1 6. Statement of Condition of Each Federal Reserve Bank, February 12, 2025 (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 2,299,284 452,467 4,229,271 83,479 9,411 61,641 748,644 243,491 2,853,298 56,170 6,741 86,773 113,670 17,644 123,616 165,295 45,101 379,176 355,145 30,272 65,820 107,569 24,971 219,976 76,863 6,331 20,348 29,468 2,827 18,475 33,675 4,975 32,688 198,797 19,759 81,584 330,508 40,944 285,877 3,255,407 809,154 9,684 155,026 61,082 0 2 558 1,979,830 809,154 9,658 54,656 86,771 0 1 0 123,580 0 4 32 378,599 0 8 569 65,693 0 1 126 121,141 0 2 98,833 20,334 0 1 13 18,386 0 0 89 32,660 0 0 28 81,505 0 1 77 285,826 0 5 46 -222,569 -4,567 -134,424 -3,487 -9,978 -35,684 58 -16,160 -22 -359 -926 -1,400 -15,622 3,461 3,461 0 0 0 0 0 0 0 0 0 0 0 7,399 1,189 2,501 190 260 918 677 428 167 132 177 239 519 6,769,314 154,614 3,713,511 146,387 245,213 554,806 451,972 336,784 103,688 50,543 70,589 298,980 642,228 37,415 6,785 0 1,576 287 0 12,559 2,288 0 1,287 235 0 3,933 704 0 7,249 1,322 0 1,336 230 0 2,060 379 0 942 172 0 240 44 0 463 75 0 1,084 198 0 4,686 852 0 6,813,513 156,477 3,728,358 147,908 249,849 Total liabilities and capital Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 563,377 453,538 339,222 104,802 50,827 71,127 300,262 647,766 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, February 12, 2025 (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. 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 Feb 12, 2025 2,790,918 491,634 2,299,284 2,299,284 11,037 15,200 2,273,047 0 6,485,988 537,238 5,948,750