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FEDERAL RESERVE statistical release For Release at 4:30 P.M. Eastern time May 2, 2024 In table 4, the outstanding amount of facility asset purchases for MS Facilities LLC (Main Street Lending Program) reflects the quarterly update to the allowance for credit losses. The allowance for credit losses was estimated based upon the Main Street Lending Program holdings as of March 31, 2024. FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks May 2, 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 1, 2024 Averages of daily figures Change from week ended Apr 24, 2024 May 3, 2023 7,343,381 6,908,206 4,533,810 195,143 3,874,914 350,058 113,696 2,347 2,372,049 268,824 -24,849 2 1 1 134,742 7,013 87 10 2,965 124,667 0 - 14,124 0 0 -454 124 42,663 17,696 11,041 5,200 52,854 - + + + + + - - + 24,417 20,427 5,744 0 6,441 31 666 0 14,683 799 71 16 0 16 778 169 10 1 31 925 0 383 0 0 211 13 1,860 53 0 0 14 7,430,172 24,456 Total factors supplying reserve funds Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. -1,160,208 - 917,342 - 713,611 85,823 - 621,837 15,353 + 9,404 0 - 203,731 33,070 + 2,557 + 2 + 1 + 1 - 194,889 43,686 + 87 + 7 5,580 + 46,348 - 192,066 + - Wednesday May 1, 2024 7,326,278 6,892,302 4,517,906 195,143 3,858,685 350,136 113,942 2,347 2,372,049 268,656 -24,771 0 0 0 133,883 6,791 0 13 2,962 124,117 0 8,098 5,614 1,902 24 286 1,590 1,141 0 0 680 14,114 0 0 -615 124 42,586 17,674 11,041 5,200 52,854 -1,160,669 7,413,047 + 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 1, 2024 Averages of daily figures Change from week ended Apr 24, 2024 May 3, 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 2,345,037 840,572 366,775 473,797 450 1,097,047 0 917,177 23,765 156,105 7,438 -113,106 + + + + + - 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 1, 2024 + 139 60,424 2,572 57,851 3 15,246 0 24,253 7,935 1,073 0 1,854 + 19,685 -1,837,770 23,627 -1,814,143 + 263 + 613,060 0 + 647,961 + 14,080 48,981 7,909 - 111,026 2,346,816 798,065 359,917 438,148 444 1,055,744 0 890,442 9,694 155,609 7,438 -112,403 4,177,439 + 47,174 -1,323,696 4,096,104 3,252,733 - 71,630 + 3,316,943 + + 163,027 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 1, 2024 3,354,761 2,958,488 315,409 80,865 32,408 32,408 32,408 0 Averages of daily figures Change from week ended Apr 24, 2024 May 3, 2023 + + + + 190 1,991 1,884 296 1,991 1,991 1,991 0 + - 18,081 5,838 23,240 677 12,943 12,943 12,927 16 Wednesday May 1, 2024 3,357,481 2,961,121 315,407 80,953 36,828 36,828 36,828 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 1, 2024 Millions of dollars Within 15 days Remaining Maturity Loans U.S. Treasury securities2 Holdings Weekly changes 16,248 1 Federal agency debt securities3 Holdings Weekly changes 16 days to 90 days + 94,329 33,078 7,742 - 184,358 57,144 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 124 Central bank liquidity swaps7 798,065 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 0 1 0 0 0 0 0 Over 1 year to 5 years Over 5 year to 10 years 106,943 2,950 0 545,252 19,816 1,505,775 12,146 0 0 0 0 91 days to 1 year + 38 4 0 ... 0 ... 0 - 5,490 117 6,694 ... 0 ... ... - 678,459 5,750 Over 10 years ... 1,509,733 253 + 2,347 0 - 28,112 661 ... ... 0 ... ... All 133,883 4,517,906 21,893 - 0 0 2,338,409 11,896 - ... ... 0 ... ... 2,347 0 2,372,049 12,671 - 6,694 0 124 798,065 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 1, 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 1, 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 5,611 Treasury contributions and other assets3 8,503 Total 14,114 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 1, 2024 11,037 5,200 1,515 (0) Change since Wednesday Wednesday Apr 24, 2024 May 3, 2023 - 7,270,070 6,892,302 4,517,906 195,143 3,858,685 350,136 113,942 2,347 2,372,049 268,656 -24,771 0 133,883 - 14,114 0 0 63 438 124 17,674 42,240 - (0) 7,362,474 Total assets Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. + + + - 0 0 2 37,044 34,564 21,893 0 22,670 109 668 0 12,671 728 62 5 1,810 + - 404 0 0 11 18 13 84 2,406 - 39,960 + 0 0 224 -1,122,929 - 908,510 - 704,778 85,823 - 613,185 15,275 + 9,505 0 - 203,731 33,027 + 2,562 0 - 183,954 + - 8,123 5,615 1,898 3 3 286 1,198 1,694 -1,141,520 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 1, 2024 Change since Wednesday Wednesday Apr 24, 2024 May 3, 2023 2,295,917 798,065 4,372,779 0 3,317,035 890,442 9,694 155,609 678 7,438 -155,544 + - + 2,009 11,194 32,884 0 45,329 38,937 17,810 21,465 348 0 1,760 + 17,551 -1,842,886 + 802,044 0 + 150,799 + 702,133 + 18 50,905 + 123 7,909 - 111,379 7,319,334 - 39,960 -1,142,455 36,355 6,785 0 - 1 0 0 + 935 0 0 43,140 - 1 + 935 + + 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 1, 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 1,515 563 46 5,129 50 517 164 761 49 1,203 193 2,268 105 1,108 269 484 31 272 55 460 107 1,311 178 2,161 269 7,270,070 162,056 3,853,786 108,860 281,870 722,100 488,043 404,054 106,102 51,120 87,917 323,481 680,680 14,114 124 14,114 5 0 43 0 4 0 13 0 24 0 4 0 6 0 3 0 1 0 1 0 3 0 16 17,674 42,741 0 + 737 1,216 11,477 + 6,121 19,772 36,719 + 622 736 5,901 - 1,879 1,643 2,560 - 7,362,474 190,214 3,921,619 116,804 283,655 Total assets Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 3,484 4,404 36,343 695,065 579 3,851 22,744 472,107 867 2,377 36,194 372,488 398 809 1,788 106,038 111 593 2,623 49,529 192 921 10,374 79,225 425 2,028 14,752 + 312,673 2,261 4,392 73,279 763,058 H.4.1 6. Statement of Condition of Each Federal Reserve Bank, May 1, 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 2,295,917 798,065 4,372,779 86,070 16,599 80,530 743,386 429,471 2,833,096 51,479 11,890 53,359 110,527 31,121 144,017 161,583 79,550 470,764 355,730 53,394 60,359 120,036 44,043 217,305 71,966 11,167 21,730 30,606 4,986 13,739 38,916 8,775 31,420 197,248 34,851 80,680 328,371 72,218 365,780 3,317,035 890,442 9,694 155,609 80,476 0 2 52 1,879,858 890,442 9,667 53,129 53,358 0 1 0 143,984 0 4 29 470,226 0 8 530 60,333 0 1 25 115,811 0 2 101,492 21,725 0 1 4 13,645 0 0 94 31,387 0 0 32 80,481 0 1 198 365,751 0 5 24 -166,728 -3,322 -104,214 -1,674 -7,054 -26,681 109 -11,709 12 -204 -569 -1,568 -9,852 7,438 7,438 0 0 0 0 0 0 0 0 0 0 0 11,862 1,090 5,026 241 466 1,395 1,046 687 184 131 225 330 1,041 7,319,334 188,405 3,906,765 115,295 279,077 686,610 470,638 370,362 105,059 49,257 78,767 311,540 757,558 36,355 6,785 0 1,525 283 0 12,508 2,346 0 1,271 239 0 3,856 722 0 7,116 1,339 0 1,247 222 0 1,792 333 0 826 153 0 229 42 0 384 74 0 970 163 0 4,631 869 0 7,362,474 190,214 3,921,619 116,804 283,655 Total liabilities and capital Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 695,065 472,107 372,488 106,038 49,529 79,225 312,673 763,058 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 1, 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 1, 2024 2,739,121 443,205 2,295,917 2,295,917 11,037 5,200 2,279,680 0 6,892,302 944,677 5,947,626
@FedFRASER