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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 May 9, 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 May 8, 2024 Averages of daily figures Change from week ended May 1, 2024 May 10, 2023 7,318,178 6,892,769 4,518,374 195,154 3,858,685 350,158 114,377 2,347 2,372,049 268,377 -24,933 1 0 0 123,878 6,200 0 19 2,954 114,705 0 + + + 14,116 0 0 -294 125 44,139 17,921 11,041 5,200 52,868 - + - + + + + + 25,203 15,437 15,436 11 16,229 100 681 0 0 447 84 1 1 1 10,864 813 87 9 11 9,962 0 8 0 0 160 1 1,476 225 0 0 14 7,405,208 24,964 Total factors supplying reserve funds Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. -1,142,436 - 908,306 - 704,574 85,823 - 613,185 15,275 + 9,709 0 - 203,731 32,985 + 2,508 8 0 9 - 185,157 + 1,579 0 + 14 5,496 + 33,185 - 214,439 - Wednesday May 8, 2024 7,317,533 6,893,087 4,518,691 195,218 3,858,685 350,161 114,627 2,347 2,372,049 268,235 -24,855 1 1 0 121,830 6,198 0 20 2,949 112,663 0 8,124 5,616 1,899 133 297 2,420 937 0 0 683 14,130 0 0 -237 125 45,216 17,835 11,041 5,200 52,868 -1,142,690 7,404,477 + 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 May 8, 2024 Averages of daily figures Change from week ended May 1, 2024 May 10, 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 2,347,987 818,976 359,419 459,557 443 1,016,790 0 851,591 10,245 154,954 7,438 -117,581 + - 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 May 8, 2024 - 2,950 21,596 7,356 14,240 7 80,257 0 65,586 13,520 1,151 0 4,475 + 17,325 -1,781,790 21,596 -1,760,194 + 239 + 605,145 0 + 653,925 + 567 49,346 7,909 - 110,425 2,348,973 854,964 361,537 493,427 442 978,824 0 816,809 9,696 152,319 7,438 -116,852 4,074,052 - 103,387 -1,277,416 4,073,790 3,331,156 + 78,423 + 3,330,687 - 134,727 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 May 8, 2024 3,355,967 2,959,877 315,194 80,896 32,133 32,133 32,133 0 Averages of daily figures Change from week ended May 1, 2024 May 10, 2023 + + + - 1,206 1,389 215 31 275 275 275 0 - 25,580 752 24,045 783 9,282 9,282 9,266 16 Wednesday May 8, 2024 3,346,360 2,950,539 314,896 80,925 34,106 34,106 34,106 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, May 8, 2024 Millions of dollars Within 15 days Remaining Maturity Loans U.S. Treasury securities2 Holdings Weekly changes 4,773 1 Federal agency debt securities3 Holdings Weekly changes - 89,940 4,389 2. 3. 4. 5. 6. 7. Over 5 year to 10 years 106,765 2,924 0 522,131 23,121 1,506,100 + 325 0 0 0 0 0 0 0 0 38 0 0 0 0 0 0 0 ... 0 ... 0 91 days to 1 year 7,369 + 212,031 27,673 0 0 Mortgage-backed securities4 0 Holdings 0 Weekly changes Loan participations held by MS Facilities LLC (Main Street Lending 0 Program)5 1 Repurchase agreements6 125 Central bank liquidity swaps7 854,964 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 - + 5,699 209 6,656 ... 0 ... ... + 678,562 103 Over 10 years ... 1,509,928 195 + 2,347 0 + 28,158 46 ... ... 0 ... ... All 121,830 4,518,691 785 + 0 0 2,347 0 2,338,153 256 2,372,049 0 ... ... 0 ... ... 6,656 1 125 854,964 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 May 8, 2024 Mortgage-backed securities held outright1 Residential mortgage-backed securities Commercial mortgage-backed securities 2,372,049 2,363,883 8,166 0 Commitments to buy mortgage-backed securities2 Commitments to sell mortgage-backed securities2 0 0 Cash and cash equivalents3 1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities. 2. Current face value. Includes residential and commercial mortgage-backed securities. Residential mortgage-backed securities generally settle within 180 calendar days and include commitments associated with outright transactions, dollar rolls, and coupon swaps. Commercial mortgage-backed securities generally settle within three business days. 3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5 and table 6. 4. Information on Principal Accounts of Credit Facilities LLC Millions of dollars Wednesday May 8, 2024 Net portfolio holdings of Credit Facilities LLC Outstanding principal amount of loan extended to the LLC1 5,857 MS Facilities LLC (Main Street Lending Program) Note: Components may not sum to totals because of rounding. Credit Facilities LLC: 1. 2. 3. Outstanding amount of facility asset purchases2 5,570 Treasury contributions and other assets3 8,561 Total 14,130 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 March 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 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 May 8, 2024 11,037 5,200 1,508 (0) Change since Wednesday Wednesday May 1, 2024 May 10, 2023 - 7,258,298 6,893,087 4,518,691 195,218 3,858,685 350,161 114,627 2,347 2,372,049 268,235 -24,855 1 121,830 + + + 14,130 0 0 58 439 125 17,835 44,778 + (0) 7,353,408 Total assets Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. + + + - 0 0 7 11,772 785 785 75 0 25 685 0 0 421 84 1 12,053 + 0 0 213 -1,130,163 - 908,186 - 704,455 85,823 - 613,185 15,275 + 9,828 0 - 203,731 32,923 + 2,500 24 - 191,530 + + + + 16 0 0 5 1 1 161 2,538 - 8,130 5,618 1,900 30 8 297 991 2,685 - 9,066 -1,149,609 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 May 8, 2024 Change since Wednesday Wednesday May 1, 2024 May 10, 2023 2,298,052 854,964 4,309,512 0 3,330,687 816,809 9,696 152,319 295 7,438 -160,042 + + - - 2,135 56,899 63,267 0 13,652 73,633 2 3,290 383 0 4,498 + 15,366 -1,763,214 + 716,043 0 + 105,376 + 662,001 + 12 51,347 + 48 7,909 - 110,729 7,310,218 - 9,116 -1,150,396 36,405 6,785 0 + 50 0 0 + 787 0 0 43,190 + 50 + 787 + + - 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, May 8, 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 1,508 563 44 5,129 51 517 164 761 52 1,203 190 2,268 105 1,108 268 484 30 272 54 460 107 1,311 175 2,161 269 7,258,298 161,505 3,853,339 108,763 281,789 721,801 487,780 403,260 106,018 50,748 87,501 322,206 673,587 14,130 125 14,130 5 0 43 0 4 0 13 0 25 0 4 0 6 0 3 0 1 0 1 0 3 0 16 17,835 45,275 0 - 744 1,177 2,036 + 6,168 21,365 26,386 + 628 780 9,324 - 1,897 1,735 2,180 - 7,353,408 176,132 3,912,481 120,180 284,068 Total assets Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 3,518 4,708 13,983 717,462 584 4,024 19,996 474,769 875 2,520 35,107 372,931 402 998 1,787 106,148 112 572 3,155 48,604 194 902 11,534 77,631 429 2,133 10,381 + 315,876 2,283 4,361 64,449 747,127 H.4.1 6. Statement of Condition of Each Federal Reserve Bank, May 8, 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 2,298,052 854,964 4,309,512 86,555 17,783 64,838 741,838 460,091 2,797,466 52,885 12,738 54,546 110,794 33,339 142,133 162,046 85,222 487,612 356,366 57,201 59,048 119,611 47,184 215,327 72,017 11,964 21,016 30,248 5,341 12,828 38,402 9,401 29,760 197,885 37,336 80,790 329,404 77,367 344,146 3,330,687 816,809 9,696 152,319 64,785 0 2 52 1,921,667 816,809 9,670 49,320 54,545 0 1 0 142,099 0 4 29 487,066 0 8 539 59,020 0 1 27 113,366 0 2 101,959 21,011 0 1 4 12,768 0 0 60 29,728 0 0 31 80,530 0 1 259 344,102 0 5 39 -167,840 -3,352 -104,854 -1,697 -7,093 -26,831 84 -11,798 7 -209 -579 -1,544 -9,973 7,438 7,438 0 0 0 0 0 0 0 0 0 0 0 8,093 1,052 3,070 198 324 958 612 472 163 123 187 250 684 7,310,218 174,314 3,897,612 118,671 279,496 709,007 473,311 370,796 105,166 48,331 77,170 314,716 741,628 36,405 6,785 0 1,535 283 0 12,523 2,346 0 1,271 239 0 3,849 722 0 7,117 1,339 0 1,236 222 0 1,802 333 0 829 153 0 230 42 0 387 74 0 996 163 0 4,630 869 0 7,353,408 176,132 3,912,481 120,180 284,068 Total liabilities and capital Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 717,462 474,769 372,931 106,148 48,604 77,631 315,876 747,127 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, May 8, 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 May 8, 2024 2,742,724 444,673 2,298,052 2,298,052 11,037 5,200 2,281,815 0 6,893,088 985,282 5,907,806
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