FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and 

Condition Statement of Federal Reserve Banks August 15, 2024

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at 

Federal Reserve Banks

Week ended

Aug 14, 2024 Aug 7, 2024 Aug 16, 2023

Wednesday

Aug 14, 2024

Reserve Bank credit 7,135,096 - 489 -1,018,617 7,136,028

Securities held outright1 6,734,191 + 16 - 822,099 6,734,156

U.S. Treasury securities 4,413,672 + 35 - 622,733 4,413,685

Bills2 195,293 0 - 64,129 195,293

Notes and bonds, nominal2 3,757,428 0 - 545,988 3,757,428

Notes and bonds, inflation-indexed2 344,044 0 - 20,505 344,044

Inflation compensation3 116,907 + 35 + 7,889 116,920

Federal agency debt securities2 2,347 0 0 2,347

Mortgage-backed securities4 2,318,171 - 19 - 199,367 2,318,124

Unamortized premiums on securities held outright5 260,846 - 447 - 31,130 260,671

Unamortized discounts on securities held outright5 -24,651 - 145 + 2,769 -24,570

Repurchase agreements6 15 + 9 - 131 0

Foreign official 1 - 3 - 143 0

Others 15 + 14 + 13 0

Loans 105,603 - 3,081 - 152,414 105,531

Primary credit 2,312 - 2,090 + 481 2,410

Secondary credit 3 + 3 + 3 0

Seasonal credit 75 + 7 + 17 80

Paycheck Protection Program Liquidity Facility 2,594 - 82 - 3,485 2,589

Bank Term Funding Program 100,620 - 918 - 6,273 100,452

Other credit extensions7 0 0 - 143,156 0

Net portfolio holdings of MS Facilities 2020 LLC (Main 

Street Lending Program)8 10,893 + 13 - 8,797 10,905

Net portfolio holdings of Municipal Liquidity Facility LLC8 0 0 - 5,610 0

Net portfolio holdings of TALF II LLC8 0 0 - 1,579 0

Float -282 + 42 - 112 -347

Central bank liquidity swaps9 151 + 1 - 78 151

Other Federal Reserve assets10 48,329 + 3,101 + 562 49,531

Foreign currency denominated assets11 18,481 + 25 + 114 18,573

Gold stock 11,041 0 0 11,041

Special drawing rights certificate account 10,200 0 + 5,000 10,200

Treasury currency outstanding12 53,039 + 14 + 728 53,039

Total factors supplying reserve funds 7,227,858 - 449 -1,012,774 7,228,881

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

1. Factors Affecting Reserve Balances of Depository Institutions (continued)

Millions of dollars

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and 

reserve balances of depository institutions at

Federal Reserve Banks

Week ended

Aug 14, 2024 Aug 7, 2024 Aug 16, 2023

Wednesday

Aug 14, 2024

Currency in circulation12 2,349,160 - 301 + 18,180 2,348,932

Reverse repurchase agreements13 710,263 - 8,265 -1,359,039 722,198

Foreign official and international accounts 392,926 - 2,864 + 97,827 393,726

Others 317,337 - 5,401 -1,456,867 328,472

Treasury cash holdings 398 - 5 + 99 392

Deposits with F.R. Banks, other than reserve balances 956,158 + 19,086 + 335,499 951,939

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 794,120 + 23,189 + 358,325 788,823

Foreign official 9,681 + 2 - 5 9,683

Other14 152,357 - 4,105 - 22,821 153,432

Treasury contributions to credit facilities15 4,958 0 - 8,400 4,958

Other liabilities and capital16 -139,218 - 5,441 - 99,282 -138,454

Total factors, other than reserve balances, 

absorbing reserve funds 3,881,719 + 5,073 -1,112,943 3,889,965

Reserve balances with Federal Reserve Banks 3,346,138 - 5,524 + 100,167 3,338,916

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of 

the securities.

5. 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.

6. Cash value of agreements.

7. 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.

8. 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.

9. 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.

10. Includes bank premises, accrued interest, and other accounts receivable.

11. Revalued daily at current foreign currency exchange rates.

12. Estimated.

13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities

14. 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.

15. Book value. Amount of equity investments in MS Facilities 2020 LLC of $5.0 billion.

16. 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

Averages of daily figures

Memorandum item Week ended Change from week ended

Aug 14, 2024 Aug 7, 2024 Aug 16, 2023

Wednesday

Aug 14, 2024

Securities held in custody for foreign official and international 

accounts 3,295,820 - 17,457 - 153,663 3,297,293

Marketable U.S. Treasury securities1 2,914,905 - 16,909 - 99,684 2,917,371

Federal agency debt and mortgage-backed securities2 300,778 - 428 - 52,097 299,924

Other securities3 80,137 - 119 - 1,882 79,997

Securities lent to dealers 34,423 - 2,266 - 7,198 35,197

Overnight facility4 34,423 - 2,266 - 7,198 35,197

U.S. Treasury securities 34,423 - 2,266 - 7,198 35,197

Federal agency debt securities 0 0 0 0

Note: Components may not sum to totals because of rounding.

1. 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.

2. Face value of federal agency securities and current face value of mortgage-backed securities, which is the remaining principal balance of the 

securities.

3. Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed securities, and commercial paper at face value.

4. Face value. Fully collateralized by U.S. Treasury securities.
H.4.1

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, August 14, 2024

Millions of dollars

Remaining Maturity Within 15

days

16 days to

90 days

91 days to

1 year

Over 1 year

to 5 years

Over 5 year

to 10 years

Over 10

years

All

Loans1 1,695 925 100,742 2,170 0 ... 105,531

U.S. Treasury securities2

Holdings 74,521 168,923 538,661 1,527,128 583,558 1,520,894 4,413,685

Weekly changes - 5,307 + 1,958 + 3,354 + 54,316 - 54,296 + 10 + 35

Federal agency debt securities3

Holdings 0 0 0 486 1,861 0 2,347

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities4

Holdings 0 1 26 6,285 25,726 2,286,086 2,318,124

Weekly changes 0 0 0 0 0 - 67 - 66

Loan participations held by MS 

Facilities 2020 LLC (Main Street 

Lending Program)5 0 0 0 5,758 ... ... 5,758

Repurchase agreements6 0 0 ... ... ... ... 0

Central bank liquidity swaps7 151 0 0 0 0 0 151

Reverse repurchase agreements6 722,198 0 ... ... ... ... 722,198

Term deposits 0 0 0 ... ... ... 0

Note: Components may not sum to totals because of rounding.

...Not applicable.

1. 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 2020 LLC, which were eliminated when preparing the FRBB's 

statement of condition, consistent with consolidation under generally accepted accounting principles.

2. 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.

3. Face value.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.

5. Book value of the loan participations held by the MS Facilities 2020 LLC.

6. Cash value of agreements.

7. 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 Account name Aug 14, 2024

Mortgage-backed securities held outright1 2,318,124

Residential mortgage-backed securities 2,309,992

Commercial mortgage-backed securities 8,132

Commitments to buy mortgage-backed securities2 0

Commitments to sell mortgage-backed securities2 79

Cash and cash equivalents3 0

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 Aug 14, 2024

Net portfolio holdings of

Credit Facilities LLC

Outstanding

principal Outstanding

amount amount of Treasury

of loan facility contributions

extended to asset and

Credit Facilities LLC:

the LLC1 purchases2 other assets3 Total

MS Facilities 2020 LLC (Main Street Lending 

Program) 4,903 4,856 6,048 10,905

Note: Components may not sum to totals because of rounding.

1. 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.

2. Outstanding amount of facility asset purchases includes loan participations at face value, net of an allowance for credit losses updated as of June 

30, 2024.

3. 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

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from 

consolidation

Wednesday

Aug 14, 2024 Aug 7, 2024 Aug 16, 2023

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 10,200 0 + 5,000

Coin 1,462 + 15 + 36

Securities, unamortized premiums and discounts, 

repurchase agreements, and loans 7,075,788 - 904 - 971,351

Securities held outright1 6,734,156 - 31 - 791,749

U.S. Treasury securities 4,413,685 + 35 - 592,390

Bills2 195,293 0 - 64,129

Notes and bonds, nominal2 3,757,428 0 - 515,531

Notes and bonds, inflation-indexed2 344,044 0 - 20,505

Inflation compensation3 116,920 + 35 + 7,775

Federal agency debt securities2 2,347 0 0

Mortgage-backed securities4 2,318,124 - 66 - 199,359

Unamortized premiums on securities held outright5 260,671 - 477 - 31,101

Unamortized discounts on securities held outright5 -24,570 - 145 + 2,935

Repurchase agreements6 0 - 10 - 6

Loans7 105,531 - 241 - 151,430

Net portfolio holdings of MS Facilities 2020 LLC (Main 

Street Lending Program)8 10,905 + 14 - 8,592

Net portfolio holdings of Municipal Liquidity Facility LLC8 0 0 - 5,612

Net portfolio holdings of TALF II LLC8 0 0 - 1,580

Items in process of collection (0) 41 - 9 - 17

Bank premises 424 - 7 - 22

Central bank liquidity swaps9 151 + 2 - 78

Foreign currency denominated assets10 18,573 + 139 + 284

Other assets11 49,107 + 3,181 + 13,892

Total assets (0) 7,177,688 + 2,432 - 968,039

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from 

consolidation

Wednesday

Aug 14, 2024 Aug 7, 2024 Aug 16, 2023

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 2,297,744 - 1,258 + 17,977

Reverse repurchase agreements12 722,198 + 40,317 -1,374,468

Deposits (0) 4,290,855 - 31,618 + 495,342

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 3,338,916 - 34,003 + 109,963

U.S. Treasury, General Account 788,823 + 3,590 + 404,009

Foreign official 9,683 + 3 - 1

Other13 (0) 153,432 - 1,209 - 18,630

Deferred availability cash items (0) 388 + 16 + 169

Treasury contributions to credit facilities14 4,958 0 - 8,400

Other liabilities and accrued dividends15 -181,863 - 5,025 - 99,349

Total liabilities (0) 7,134,280 + 2,432 - 968,728

Capital accounts

Capital paid in 36,623 0 + 689

Surplus 6,785 0 0

Other capital accounts 0 0 0

Total capital 43,408 0 + 689

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.

5. 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.

6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

7. 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.

8. 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.

9. 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.

10. Revalued daily at current foreign currency exchange rates.

11. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.

12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

13. 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.

14. Book value. Amount of equity investments in MS Facilities 2020 LLC of $5.0 billion.

15. Includes the liability for earnings remittances due to the U.S. Treasury.
H.4.1

6. Statement of Condition of Each Federal Reserve Bank, August 14, 2024

Millions of dollars

Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco

Assets

Gold certificates and special drawing 

rights certificates 21,237 729 6,619 657 997 1,557 2,999 1,417 635 355 599 1,786 2,887

Coin 1,462 45 43 169 47 189 110 250 33 48 102 178 248

Securities, unamortized premiums and 

discounts, repurchase agreements, 

and loans1 7,075,788 156,929 3,759,237 106,200 275,133 704,187 475,477 392,345 103,504 49,187 85,150 314,365 654,075

Net portfolio holdings of MS

Facilities 2020 LLC (Main Street 

Lending Program)2 10,905 10,905 0 0 0 0 0 0 0 0 0 0 0

Central bank liquidity swaps3 151 6 52 5 16 30 5 7 3 1 2 4 19

Foreign currency denominated 

assets4 18,573 775 6,423 654 1,976 3,664 609 912 418 116 202 447 2,378

Other assets5 49,572 1,380 23,194 851 1,899 5,132 4,258 2,756 1,138 655 1,043 2,386 4,881

Interdistrict settlement account 0 - 11,774 + 32,739 + 17,409 + 25,276 - 51,476 - 17,499 - 44,739 + 4,143 - 3,329 - 15,635 - 4,517 + 69,401

Total assets 7,177,688 158,995 3,828,307 125,945 305,344 663,282 465,958 352,948 109,875 47,033 71,463 314,649 733,890

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

6. Statement of Condition of Each Federal Reserve Bank, August 14, 2024 (continued)

Millions of dollars

Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco

Liabilities

Federal Reserve notes, net 2,297,744 86,516 742,594 56,394 115,289 161,760 356,935 109,444 76,729 27,831 32,091 202,064 330,097

Reverse repurchase agreements6 722,198 15,021 388,644 10,760 28,162 71,988 48,318 39,857 10,106 4,512 7,941 31,538 65,352

Deposits 4,290,855 53,061 2,796,796 59,197 165,134 450,534 58,483 214,372 21,879 14,486 31,414 80,993 344,507

Depository institutions 3,338,916 53,008 1,945,853 59,195 165,100 450,029 58,456 114,354 21,873 14,419 31,382 80,778 344,468

U.S. Treasury, General Account 788,823 0 788,823 0 0 0 0 0 0 0 0 0 0

Foreign official 9,683 2 9,657 1 4 8 1 2 1 0 0 1 5

Other7 153,432 51 52,463 0 29 497 26 100,016 5 67 31 214 33

Earnings remittances due to the U.S. 

Treasury8 -189,665 -3,632 -117,551 -2,120 -8,126 -30,584 74 -13,318 9 -196 -640 -1,376 -12,203

Treasury contributions to credit facilities9 4,958 4,958 0 0 0 0 0 0 0 0 0 0 0

Other liabilities and accrued 

dividends 8,190 1,228 2,948 189 310 1,028 682 451 162 127 191 243 629

Total liabilities 7,134,280 157,152 3,813,431 124,419 300,770 654,725 464,491 350,805 108,885 46,760 70,997 313,462 728,382

Capital

Capital paid in 36,623 1,559 12,531 1,286 3,852 7,218 1,244 1,810 837 231 392 1,024 4,639

Surplus 6,785 283 2,346 239 722 1,339 222 333 153 42 74 163 869

Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 7,177,688 158,995 3,828,307 125,945 305,344 663,282 465,958 352,948 109,875 47,033 71,463 314,649 733,890

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

6. Statement of Condition of Each Federal Reserve Bank, August 14, 2024 (continued)

1. 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.

2. 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.

3. 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.

4. Revalued daily at current foreign currency exchange rates.

5. Includes items in process of collection, bank premises, accrued interest (which represents the daily accumulation of interest earned), and other accounts receivable. 

6. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

7. 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.

8. 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.

9. Book value. Amount of equity investments in MS Facilities 2020 LLC of $5.0 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 2020 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 2020 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 2020 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

Wednesday Federal Reserve notes and collateral Aug 14, 2024

Federal Reserve notes outstanding 2,767,382

Less: Notes held by F.R. Banks not subject to collateralization 469,638

Federal Reserve notes to be collateralized 2,297,744

Collateral held against Federal Reserve notes 2,297,744

Gold certificate account 11,037

Special drawing rights certificate account 10,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 2,276,507

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 6,734,156

Less: Face value of securities under reverse repurchase agreements 792,829

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 5,941,328

Note: Components may not sum to totals because of rounding.

1. 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.

2. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.