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FEDERAL RESERVE statistical release For Release at 4:30 P.M. Eastern time March 7, 2024 The Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks," was modified to reflect closing the Municipal Liquidity Facility LLC (MLF) and TALF II LLC (TALF II). MLF and TALF II related lines were removed from table 4 and table 6. Information on Principal Amounts of Credit Facilities LLC (table 4) footnote 2 was revised accordingly. FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks March 7, 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 Mar 6, 2024 Averages of daily figures Change from week ended Feb 28, 2024 Mar 8, 2023 7,501,297 7,037,819 4,632,237 210,056 3,950,503 360,612 111,067 2,347 2,403,235 273,272 -25,774 2 0 2 168,518 1,978 50 1 3,157 163,332 0 + + 14,831 0 0 -370 183 32,816 18,112 11,041 5,200 52,742 + + + + - + + 38,370 35,346 29,069 297 29,387 390 226 0 6,277 650 6 15 0 15 685 223 50 1 49 464 0 + 19 0 0 31 34 1,633 60 0 0 14 + - 7,588,391 38,296 Total factors supplying reserve funds Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. Wednesday Mar 6, 2024 803,552 910,394 703,589 74,063 623,275 16,412 10,162 0 206,805 33,934 2,156 0 0 0 153,414 2,457 50 1 7,512 163,332 0 7,502,080 7,037,288 4,631,706 209,312 3,950,503 360,612 111,280 2,347 2,403,235 273,096 -25,685 5 0 5 169,181 1,882 128 1 3,148 164,022 0 + 7,580 5,592 1,939 110 228 657 209 0 0 632 14,843 0 0 -756 183 33,926 18,202 11,041 5,200 52,742 - 803,130 7,589,265 + + + + + 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 Mar 6, 2024 Averages of daily figures Change from week ended Feb 28, 2024 Mar 8, 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 2,335,475 785,121 332,695 452,426 478 934,634 0 767,733 10,543 156,358 7,438 -100,930 + + - 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 Mar 6, 2024 + 4,875 80,772 612 80,160 10 23,333 0 18,088 854 6,099 0 2,302 + 28,992 -1,756,131 22,125 -1,734,007 + 361 + 417,817 0 + 434,383 + 945 17,511 7,909 - 112,715 2,339,026 793,394 336,547 456,847 479 928,185 0 760,550 10,755 156,880 7,438 -99,946 3,962,216 - 96,919 -1,429,585 3,968,576 3,626,176 + 58,624 + 3,620,689 + - 626,456 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 Mar 6, 2024 3,343,899 2,930,109 331,460 82,330 36,199 36,199 36,199 0 Averages of daily figures Change from week ended Feb 28, 2024 Mar 8, 2023 + + + + 9,626 7,068 2,744 185 2,776 2,776 2,776 0 + + - 16,116 20,046 3,552 378 8,786 8,786 8,776 10 Wednesday Mar 6, 2024 3,341,953 2,928,074 331,461 82,417 34,635 34,635 34,635 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, March 6, 2024 Millions of dollars Within 15 days Remaining Maturity Loans U.S. Treasury securities2 Holdings Weekly changes 19,244 1 Federal agency debt securities3 Holdings Weekly changes 16 days to 90 days - 16,450 40,200 42,856 + 310,294 45,365 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 183 Central bank liquidity swaps7 793,394 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 103,937 3,144 0 543,637 9,560 1,543,878 28,328 0 0 0 0 91 days to 1 year + 35 9 0 ... 0 ... 0 + 5,633 151 7,243 ... 0 ... ... + 709,563 1,907 Over 10 years ... 1,507,883 1,264 + 2,347 0 - 30,797 95 ... ... 0 ... ... All 169,181 4,631,706 29,551 - 0 0 2,347 0 2,366,769 66 2,403,235 0 ... ... 0 ... ... 7,243 5 183 793,394 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 Mar 6, 2024 Mortgage-backed securities held outright1 Residential mortgage-backed securities Commercial mortgage-backed securities 2,403,235 2,395,024 8,211 93 Commitments to buy mortgage-backed securities2 Commitments to sell mortgage-backed securities2 15 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 Mar 6, 2024 Net portfolio holdings of Credit Facilities LLC Outstanding principal amount of loan extended to the LLC1 6,283 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 6,421 Treasury contributions and other assets3 8,422 Total 14,843 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 Mar 6, 2024 11,037 5,200 1,524 (0) Change since Wednesday Wednesday Feb 28, 2024 Mar 8, 2023 - 7,453,885 7,037,288 4,631,706 209,312 3,950,503 360,612 111,280 2,347 2,403,235 273,096 -25,685 5 169,181 + + 14,843 0 0 57 457 183 18,202 33,468 + (0) 7,538,857 Total assets Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 0 0 2 + 0 0 215 29,630 29,551 29,551 1,041 29,380 390 481 0 0 492 4 1 408 + + + + 788,848 911,047 704,242 74,648 623,239 16,412 10,058 0 206,805 33,936 2,159 5 153,972 + + 17 0 0 4 20 34 148 573 + + 7,588 5,594 1,941 12 13 228 4 561 - 28,950 - 803,426 + + + 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 Mar 6, 2024 Change since Wednesday Wednesday Feb 28, 2024 Mar 8, 2023 2,288,283 793,394 4,548,874 0 3,620,689 760,550 10,755 156,880 814 7,438 -143,088 + + + 5,922 115,407 77,791 0 79,707 7,122 1,066 4,139 78 0 2,820 7,495,715 - 28,952 - 804,070 36,357 6,785 0 + 2 0 0 + 644 0 0 43,142 + 2 + 644 + + + - + 30,482 -1,766,956 +1,052,920 0 + 617,013 + 448,819 + 1,321 14,233 1 7,909 - 112,606 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, March 6, 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 1,524 557 53 5,175 40 525 145 752 55 1,187 187 2,287 110 1,104 271 479 38 264 55 452 104 1,290 192 2,165 274 7,453,885 151,950 4,080,603 123,600 228,069 519,404 505,965 465,921 116,484 59,558 106,895 371,064 724,371 14,843 183 14,843 8 0 65 0 7 0 17 0 37 0 5 0 6 0 4 0 1 0 2 0 4 0 26 18,202 33,983 0 + 783 810 9,290 - 6,478 15,073 83,812 - 654 648 8,677 + 1,716 1,048 64,740 + 7,538,857 178,294 4,023,623 116,901 296,397 Total assets Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 3,685 2,687 161,603 688,791 546 3,242 33,926 478,229 634 2,023 88,735 381,224 410 866 7,793 110,488 115 638 5,109 55,523 193 912 19,457 89,101 384 1,811 55,046 + 319,699 2,605 4,224 66,922 800,587 H.4.1 6. Statement of Condition of Each Federal Reserve Bank, March 6, 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 2,288,283 793,394 4,548,874 80,693 15,328 74,682 741,013 443,071 2,917,245 49,738 13,076 53,830 110,436 24,381 162,730 162,046 55,212 485,903 356,466 53,748 65,414 122,106 49,457 217,849 72,022 11,869 25,491 31,883 5,380 18,069 44,157 10,258 34,546 191,292 38,684 90,016 326,431 72,931 403,101 3,620,689 760,550 10,755 156,880 74,629 0 2 51 2,092,684 760,550 10,729 53,282 53,829 0 1 0 162,697 0 4 30 485,475 0 8 419 65,382 0 1 31 115,072 0 1 102,775 25,457 0 1 32 17,994 0 0 75 34,516 0 0 29 89,917 0 1 98 403,038 0 6 57 -154,980 -3,019 -97,851 -1,493 -6,198 -24,305 -63 -10,998 -46 -223 -556 -1,761 -8,464 7,438 7,438 0 0 0 0 0 0 0 0 0 0 0 12,705 1,364 5,294 239 470 1,480 1,187 685 182 143 223 350 1,088 7,495,715 176,485 4,008,772 115,391 291,819 680,336 476,751 379,099 109,517 55,252 88,627 318,580 795,086 36,357 6,785 0 1,525 283 0 12,506 2,346 0 1,271 239 0 3,856 722 0 7,116 1,339 0 1,255 222 0 1,792 333 0 818 153 0 229 42 0 400 74 0 956 163 0 4,633 869 0 7,538,857 178,294 4,023,623 116,901 296,397 Total liabilities and capital Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 688,791 478,229 381,224 110,488 55,523 89,101 319,699 800,587 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, March 6, 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 Mar 6, 2024 2,720,390 432,107 2,288,283 2,288,283 11,037 5,200 2,272,047 0 7,037,293 903,710 6,133,583
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