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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 January 18, 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 Jan 17, 2024 Averages of daily figures Change from week ended Jan 10, 2024 Jan 18, 2023 7,649,671 7,176,824 4,742,722 213,876 4,051,837 364,048 112,961 2,347 2,431,755 277,735 -25,690 1 0 1 159,731 2,170 29 0 3,370 154,161 0 + - 15,959 214 46 -238 216 44,874 18,318 11,041 5,200 52,644 - + + + + + + + - + 2,542 9,021 9,003 1,446 5,310 1,530 717 0 18 560 115 1 0 1 9,369 98 4 0 47 9,320 0 + 217 0 0 2 7 2,864 76 0 0 14 + + - 7,736,874 + 2,480 Total factors supplying reserve funds Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. Wednesday Jan 17, 2024 817,458 916,703 707,474 73,490 631,828 12,672 10,516 0 209,229 34,743 1,783 0 0 0 144,272 1,984 28 0 7,935 154,161 0 7,637,593 7,158,081 4,724,025 213,749 4,038,372 360,222 111,681 2,347 2,431,710 277,567 -25,618 0 0 0 167,161 2,295 0 0 3,364 161,501 0 + 6,590 5,360 1,913 65 18 1,843 623 0 0 585 15,375 214 46 -273 216 44,825 18,129 11,041 5,200 52,644 - 817,497 7,724,607 + + + + 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 Jan 17, 2024 Averages of daily figures Change from week ended Jan 10, 2024 Jan 18, 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 2,337,966 949,705 347,973 601,733 397 918,121 0 748,883 9,692 159,547 7,438 -88,473 + + 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 Jan 17, 2024 - 5,957 100,901 17,514 83,385 7 2,082 0 1,318 548 1,312 0 5,722 + 40,780 -1,572,597 10,455 -1,562,141 + 290 + 370,450 0 + 409,865 + 757 40,171 7,909 - 112,899 2,335,971 936,323 346,132 590,191 407 940,521 0 773,544 9,690 157,288 7,438 -88,380 4,125,155 - 110,491 -1,281,884 4,132,281 3,611,719 + 112,971 + 3,592,326 + + 464,387 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 Jan 17, 2024 3,379,089 2,952,004 343,596 83,488 29,081 29,081 29,081 0 Averages of daily figures Change from week ended Jan 10, 2024 Jan 18, 2023 - 4,595 4,541 44 12 3,253 3,253 3,253 0 + + + + - 48,525 30,439 15,705 2,379 10,945 10,945 10,924 21 Wednesday Jan 17, 2024 3,374,607 2,948,171 343,567 82,869 32,431 32,431 32,431 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, January 17, 2024 Millions of dollars Within 15 days Remaining Maturity Loans U.S. Treasury securities2 Holdings Weekly changes 3,016 1 Federal agency debt securities3 Holdings Weekly changes + 67,690 7,817 2. 3. 4. 5. 6. 7. Over 5 year to 10 years 111,785 3,360 0 556,572 2,136 1,594,890 19,955 0 0 0 0 0 0 2,347 0 1 0 23 0 5,339 0 32,049 0 0 0 0 0 0 0 ... 0 ... 0 7,634 ... 0 ... ... ... ... 0 ... ... 91 days to 1 year 49,000 + 250,063 4,434 0 0 Mortgage-backed securities4 0 Holdings 0 Weekly changes Loan participations held by MS Facilities LLC (Main Street Lending 0 Program)5 0 Repurchase agreements6 216 Central bank liquidity swaps7 936,323 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 + - 749,792 21,862 Over 10 years All ... 1,505,016 60 - 167,161 4,724,025 27,490 - 0 0 2,394,297 63 - ... ... 0 ... ... 2,347 0 2,431,710 63 - 7,634 0 216 936,323 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 Jan 17, 2024 Mortgage-backed securities held outright1 Residential mortgage-backed securities Commercial mortgage-backed securities 2,431,710 2,423,485 8,225 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 LLCs Millions of dollars Wednesday Jan 17, 2024 Net portfolio holdings of Credit Facilities LLCs Outstanding principal amount of loan extended to the LLC1 6,620 MS Facilities LLC (Main Street Lending Program) 0 Municipal Liquidity Facility LLC 0 TALF II LLC Note: Components may not sum to totals because of rounding. Credit Facilities LLCs: 1. 2. 3. Outstanding amount of facility asset purchases2 7,122 0 0 Treasury contributions and other assets3 8,253 214 46 Total 15,375 214 46 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: a. For the MS Facilities LLC (Main Street Lending Program) includes loan participations at face value, net of an allowance for loan losses updated as of September 30, 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 Jan 17, 2024 11,037 5,200 1,462 (0) Change since Wednesday Wednesday Jan 10, 2024 Jan 18, 2023 + 7,577,191 7,158,081 4,724,025 213,749 4,038,372 360,222 111,681 2,347 2,431,710 277,567 -25,618 0 167,161 - 15,375 214 46 47 434 216 18,129 44,391 - (0) 7,673,741 Total assets Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 0 0 14 + 0 0 227 13,537 27,554 27,490 1,443 18,775 5,356 1,917 0 63 548 99 0 14,467 + + + 802,546 920,929 712,697 73,482 634,235 14,757 9,775 0 208,230 34,689 1,789 1 151,284 + + 817 0 0 13 2 7 221 1,609 + + 6,895 5,362 1,914 38 42 18 817 2,071 - 12,969 - 815,298 + + 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 Jan 17, 2024 Change since Wednesday Wednesday Jan 10, 2024 Jan 18, 2023 2,285,191 936,323 4,532,848 0 3,592,327 773,544 9,690 157,288 320 7,438 -131,230 + - 4,519 104,821 102,528 0 54,944 45,688 2 1,899 60 0 6,097 7,630,890 - 12,970 - 816,323 36,066 6,785 0 + 1 0 0 + 1,025 0 0 42,851 + 1 + 1,025 + + + - + 40,322 -1,566,939 + 831,670 0 + 474,090 + 396,044 + 756 39,220 + 27 7,909 - 113,494 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, January 17, 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 Net portfolio holdings of Municipal Liquidity Facility LLC2 Net portfolio holdings of TALF II LLC2 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 1,462 557 49 5,175 37 525 136 752 54 1,187 181 2,287 107 1,104 261 479 34 264 55 452 98 1,290 187 2,165 264 7,577,191 153,452 4,149,969 125,212 232,261 528,170 515,578 473,223 119,384 60,023 108,406 377,049 734,464 15,375 15,375 0 0 0 0 0 0 0 0 0 0 0 214 46 216 0 0 9 214 46 77 0 0 8 0 0 20 0 0 44 0 0 6 0 0 8 0 0 5 0 0 1 0 0 2 0 0 5 0 0 31 18,129 44,872 0 + 780 1,019 5,683 - 6,451 21,380 30,246 - 651 813 14,936 + 1,709 1,384 48,666 + 7,673,741 176,925 4,153,103 112,409 284,847 Total assets Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 3,670 3,414 149,056 685,722 543 4,375 44,945 477,952 631 2,673 84,664 393,234 408 840 10,708 110,441 115 639 8,306 52,790 192 1,014 18,499 91,666 382 2,324 57,578 + 323,658 2,594 4,998 66,476 810,993 H.4.1 6. Statement of Condition of Each Federal Reserve Bank, January 17, 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 2,285,191 936,323 4,532,848 80,020 18,090 70,813 745,241 522,890 2,955,677 50,117 15,432 46,501 108,829 28,774 147,858 160,071 65,158 472,582 354,367 63,430 58,165 122,649 58,367 219,806 72,777 14,007 22,636 32,710 6,349 13,581 47,553 12,106 31,908 188,086 45,652 90,410 322,771 86,069 402,911 3,592,327 773,544 9,690 157,288 70,759 0 2 53 2,117,977 773,544 9,664 54,492 46,499 0 1 0 147,824 0 4 30 472,338 0 8 236 58,137 0 1 26 117,595 0 1 102,210 22,627 0 1 8 13,524 0 0 56 31,878 0 0 29 90,289 0 1 121 402,879 0 6 26 -139,461 -2,672 -88,954 -1,315 -5,374 -21,568 36 -10,052 -78 -225 -531 -1,733 -6,996 7,438 7,438 0 0 0 0 0 0 0 0 0 0 0 8,551 1,439 3,367 160 282 990 568 457 134 107 164 232 650 7,630,890 175,128 4,138,220 110,895 280,369 677,233 476,567 391,228 109,476 52,522 91,200 322,648 805,405 36,066 6,785 0 1,505 292 0 12,469 2,414 0 1,270 244 0 3,837 640 0 7,116 1,374 0 1,182 203 0 1,770 236 0 812 153 0 226 43 0 393 72 0 867 143 0 4,617 971 0 7,673,741 176,925 4,153,103 112,409 284,847 Total liabilities and capital Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 685,722 477,952 393,234 110,441 52,790 91,666 323,658 810,993 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, January 17, 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 Jan 17, 2024 2,705,279 420,088 2,285,191 2,285,191 11,037 5,200 2,268,954 0 7,158,081 1,076,376 6,081,705
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