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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 16, 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 15, 2024 Averages of daily figures Change from week ended May 8, 2024 May 17, 2023 7,310,252 6,889,038 4,514,652 195,218 3,854,217 350,161 115,056 2,347 2,372,039 267,947 -24,955 15 1 14 119,679 6,397 0 25 2,942 110,315 0 + + + 14,079 0 0 -235 129 44,554 17,867 11,041 5,200 52,882 - + + + + + - + + + - + 7,926 3,731 3,722 64 4,468 3 679 0 10 430 22 14 1 14 4,199 197 0 6 12 4,390 0 37 0 0 59 4 415 54 0 0 14 7,397,241 7,967 Total factors supplying reserve funds Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. -1,137,935 - 899,493 - 696,336 85,823 - 605,273 15,275 + 10,035 0 - 203,157 32,822 + 2,528 + 13 + 1 + 12 - 194,346 2,804 0 + 18 5,399 + 24,415 - 210,576 + - Wednesday May 15, 2024 7,268,176 6,862,420 4,488,090 195,218 3,827,406 350,161 115,304 2,347 2,371,983 267,778 -24,936 0 0 0 118,922 6,364 0 25 2,938 109,595 0 8,064 5,618 1,900 92 281 2,140 781 0 0 687 13,773 0 0 -340 130 30,428 17,972 11,041 5,200 52,882 -1,138,030 7,355,271 + 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 15, 2024 Averages of daily figures Change from week ended May 8, 2024 May 17, 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 2,347,780 840,002 365,424 474,578 444 946,854 0 787,133 9,679 150,042 7,438 -115,023 + + + + - 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 15, 2024 + 207 21,026 6,005 15,021 1 69,936 0 64,458 566 4,912 0 2,558 + 14,719 -1,766,879 17,506 -1,749,373 + 233 + 609,763 0 + 670,913 6 61,144 7,909 - 108,824 2,348,375 827,210 383,431 443,779 451 869,609 0 706,108 9,680 153,821 7,438 -114,199 4,027,495 - 46,557 -1,258,898 3,938,885 3,369,747 + 38,591 + 3,416,386 - 120,869 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 15, 2024 3,337,177 2,941,242 315,004 80,931 33,794 33,794 33,794 0 Averages of daily figures Change from week ended May 8, 2024 May 17, 2023 + + + + 18,790 18,635 190 35 1,661 1,661 1,661 0 - 52,413 24,711 26,908 794 8,141 8,141 8,132 9 Wednesday May 15, 2024 3,327,425 2,931,375 315,130 80,920 35,349 35,349 35,349 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 15, 2024 Millions of dollars Within 15 days Remaining Maturity Loans U.S. Treasury securities2 Holdings Weekly changes 1,752 1 Federal agency debt securities3 Holdings Weekly changes 16 days to 90 days - 41,744 48,196 7,619 + 216,735 4,704 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 130 Central bank liquidity swaps7 827,210 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. Over 1 year to 5 years Over 5 year to 10 years 106,654 2,896 0 565,935 43,804 1,501,723 4,377 - 643,410 35,152 486 486 - 1,861 486 91 days to 1 year + 0 0 0 0 0 0 38 0 5,699 0 28,158 0 0 0 0 0 0 0 ... 0 ... 0 6,629 ... 0 ... ... ... ... 0 ... ... + Over 10 years All ... 1,518,543 8,615 + 118,922 4,488,090 30,601 - 0 0 2,338,088 65 - ... ... 0 ... ... 2,347 0 2,371,983 66 - 6,629 0 130 827,210 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 Wednesday May 15, 2024 Account name 2,371,983 2,363,818 8,166 Mortgage-backed securities held outright1 Residential mortgage-backed securities Commercial mortgage-backed securities 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 15, 2024 Net portfolio holdings of Credit Facilities LLC Outstanding principal amount of loan extended to the LLC1 5,486 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 5,542 Treasury contributions and other assets3 8,231 Total 13,773 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 15, 2024 11,037 5,200 1,495 (0) Change since Wednesday Wednesday May 8, 2024 May 17, 2023 - 7,224,184 6,862,420 4,488,090 195,218 3,827,406 350,161 115,304 2,347 2,371,983 267,778 -24,936 0 118,922 - 13,773 0 0 53 447 130 17,972 29,982 - (0) 7,304,272 Total assets Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 0 0 13 + 0 0 192 34,114 30,667 30,601 0 31,279 0 677 0 66 457 81 1 2,908 -1,133,019 - 908,965 - 706,520 85,823 - 615,577 15,275 + 10,154 0 - 202,445 32,705 + 2,574 6 - 193,918 + + + - 357 0 0 5 8 5 137 14,796 + - - 49,136 -1,152,488 + - 8,229 5,621 1,902 5 3 280 560 3,072 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 15, 2024 Change since Wednesday Wednesday May 8, 2024 May 17, 2023 2,297,435 827,210 4,285,995 0 3,416,386 706,108 9,680 153,821 392 7,438 -157,389 - + 617 27,754 23,517 0 85,699 110,701 16 1,502 97 0 2,653 + 14,107 -1,771,417 + 720,612 0 + 136,399 + 637,776 5 53,558 + 104 7,909 - 108,774 7,261,082 - 49,136 -1,153,276 + + + 36,405 6,785 0 0 0 0 + 788 0 0 43,190 0 + 788 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 15, 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 1,495 563 44 5,129 48 517 164 761 51 1,203 188 2,268 109 1,108 264 484 30 272 53 460 105 1,311 173 2,161 266 7,224,184 160,587 3,836,523 108,342 280,528 718,464 485,301 401,123 105,694 50,402 86,846 320,615 669,761 13,773 130 13,773 5 0 45 0 5 0 14 0 26 0 4 0 6 0 3 0 1 0 1 0 3 0 17 17,972 30,481 0 - 750 872 1,971 + 6,216 13,438 17,825 + 633 562 11,807 - 1,912 1,161 6,465 - 7,304,272 174,623 3,879,224 122,029 277,961 Total assets Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 3,545 3,261 24,483 702,204 589 3,024 18,823 472,472 882 1,700 33,605 371,478 405 797 2,231 105,181 112 436 3,926 47,350 196 733 11,333 77,009 432 1,488 6,093 + 317,928 2,301 3,009 79,298 756,812 H.4.1 6. Statement of Condition of Each Federal Reserve Bank, May 15, 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 2,297,435 827,210 4,285,995 86,557 17,206 63,824 741,705 445,155 2,777,830 53,554 12,324 56,099 111,123 32,257 136,667 162,202 82,455 474,690 356,006 55,344 58,791 118,160 45,652 216,709 72,000 11,575 20,424 29,856 5,168 12,125 37,876 9,095 29,942 198,358 36,124 83,461 330,040 74,855 355,433 3,416,386 706,108 9,680 153,821 63,735 0 2 87 2,009,918 706,108 9,653 52,151 56,097 0 1 0 136,633 0 4 29 474,257 0 8 425 58,713 0 1 77 115,964 0 2 100,742 20,419 0 1 4 12,057 0 0 68 29,913 0 0 29 83,282 0 1 178 355,396 0 5 32 -168,899 -3,349 -105,499 -1,710 -7,130 -27,139 126 -11,865 26 -203 -578 -1,507 -10,072 7,438 7,438 0 0 0 0 0 0 0 0 0 0 0 11,903 1,129 5,163 253 473 1,542 747 688 174 132 213 334 1,056 7,261,082 172,805 3,864,355 120,519 273,390 693,749 471,013 369,344 104,199 47,078 76,548 316,769 751,313 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 7,304,272 174,623 3,879,224 122,029 277,961 Total liabilities and capital Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 702,204 472,472 371,478 105,181 47,350 77,009 317,928 756,812 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 15, 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 15, 2024 2,745,329 447,894 2,297,435 2,297,435 11,037 5,200 2,281,198 0 6,862,420 964,247 5,898,174
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