FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and 

Condition Statement of Federal Reserve Banks June 6, 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

Jun 5, 2024 May 29, 2024 Jun 7, 2023

Wednesday

Jun 5, 2024

Reserve Bank credit 7,222,647 - 37,693 -1,130,636 7,219,257

Securities held outright1 6,822,113 - 33,826 - 900,488 6,818,225

U.S. Treasury securities 4,465,123 - 24,114 - 696,895 4,461,236

Bills2 195,218 0 - 83,250 195,218

Notes and bonds, nominal2 3,801,974 - 25,432 - 607,079 3,797,735

Notes and bonds, inflation-indexed2 350,975 + 814 - 17,278 351,111

Inflation compensation3 116,956 + 504 + 10,712 117,172

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

Mortgage-backed securities4 2,354,642 - 9,713 - 203,594 2,354,642

Unamortized premiums on securities held outright5 266,222 - 578 - 32,262 265,994

Unamortized discounts on securities held outright5 -25,332 - 66 + 2,520 -25,233

Repurchase agreements6 16 + 15 + 16 106

Foreign official 0 - 1 0 0

Others 16 + 15 + 16 106

Loans 117,399 - 849 - 180,151 116,968

Primary credit 6,499 - 170 + 3,443 6,188

Secondary credit 0 0 0 0

Seasonal credit 31 - 4 + 17 33

Paycheck Protection Program Liquidity Facility 2,915 - 6 - 4,982 2,913

Bank Term Funding Program 107,954 - 668 + 8,419 107,834

Other credit extensions7 0 0 - 187,048 0

Net portfolio holdings of MS Facilities LLC (Main Street 

Lending Program)8 11,364 + 52 - 8,918 11,373

Net portfolio holdings of Municipal Liquidity Facility LLC8 0 0 - 5,582 0

Net portfolio holdings of TALF II LLC8 0 0 - 1,709 0

Float -474 - 105 - 248 -717

Central bank liquidity swaps9 129 + 17 - 214 129

Other Federal Reserve assets10 31,211 - 2,351 - 3,600 32,412

Foreign currency denominated assets11 17,988 + 95 - 352 17,953

Gold stock 11,041 0 0 11,041

Special drawing rights certificate account 5,200 0 0 5,200

Treasury currency outstanding12 52,924 + 14 + 701 52,924

Total factors supplying reserve funds 7,309,800 - 37,583 -1,130,287 7,306,375

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

Jun 5, 2024 May 29, 2024 Jun 7, 2023

Wednesday

Jun 5, 2024

Currency in circulation12 2,353,070 + 605 + 9,243 2,353,159

Reverse repurchase agreements13 792,037 - 20,226 -1,698,409 745,845

Foreign official and international accounts 376,581 + 2,819 + 30,988 374,004

Others 415,455 - 23,046 -1,729,398 371,841

Treasury cash holdings 419 - 20 + 174 405

Deposits with F.R. Banks, other than reserve balances 874,076 - 11,017 + 614,011 866,128

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 710,309 + 5,974 + 665,553 703,314

Foreign official 9,745 + 61 - 149 9,677

Other14 154,022 - 17,052 - 51,392 153,138

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

Other liabilities and capital16 -123,071 - 5,894 - 105,467 -121,859

Total factors, other than reserve balances, 

absorbing reserve funds 3,901,489 - 36,552 -1,188,847 3,848,637

Reserve balances with Federal Reserve Banks 3,408,310 - 1,032 + 58,559 3,457,738

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 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

Jun 5, 2024 May 29, 2024 Jun 7, 2023

Wednesday

Jun 5, 2024

Securities held in custody for foreign official and international 

accounts 3,323,848 + 2,031 - 83,353 3,327,543

Marketable U.S. Treasury securities1 2,932,179 + 2,249 - 51,131 2,936,038

Federal agency debt and mortgage-backed securities2 310,714 - 151 - 31,816 310,574

Other securities3 80,956 - 66 - 404 80,930

Securities lent to dealers 31,887 - 415 - 17,118 32,426

Overnight facility4 31,887 - 415 - 17,118 32,426

U.S. Treasury securities 31,887 - 415 - 17,109 32,426

Federal agency debt securities 0 0 - 9 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, June 5, 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 1,140 7,369 105,594 2,866 0 ... 116,968

U.S. Treasury securities2

Holdings 20,735 253,236 536,685 1,489,600 646,234 1,514,746 4,461,236

Weekly changes - 40,185 + 22,376 + 3,877 - 12,708 - 2,661 + 1,093 - 28,208

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 31 5,762 27,527 2,321,321 2,354,642

Weekly changes 0 + 1 0 + 176 + 21 - 199 0

Loan participations held by MS 

Facilities LLC (Main Street Lending 

Program)5 0 0 0 6,453 ... ... 6,453

Repurchase agreements6 106 0 ... ... ... ... 106

Central bank liquidity swaps7 129 0 0 0 0 0 129

Reverse repurchase agreements6 745,845 0 ... ... ... ... 745,845

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 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 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 Jun 5, 2024

Mortgage-backed securities held outright1 2,354,642

Residential mortgage-backed securities 2,346,483

Commercial mortgage-backed securities 8,159

Commitments to buy mortgage-backed securities2 92

Commitments to sell mortgage-backed securities2 0

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 Jun 5, 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 LLC (Main Street Lending Program) 5,486 5,454 5,918 11,373

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 March 

31, 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

Jun 5, 2024 May 29, 2024 Jun 7, 2023

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,476 - 2 + 171

Securities, unamortized premiums and discounts, 

repurchase agreements, and loans 7,176,061 - 29,419 -1,113,300

Securities held outright1 6,818,225 - 28,209 - 904,180

U.S. Treasury securities 4,461,236 - 28,208 - 700,586

Bills2 195,218 0 - 82,848

Notes and bonds, nominal2 3,797,735 - 29,671 - 611,318

Notes and bonds, inflation-indexed2 351,111 + 950 - 17,142

Inflation compensation3 117,172 + 513 + 10,723

Federal agency debt securities2 2,347 0 0

Mortgage-backed securities4 2,354,642 0 - 203,594

Unamortized premiums on securities held outright5 265,994 - 462 - 32,326

Unamortized discounts on securities held outright5 -25,233 - 42 + 2,527

Repurchase agreements6 106 + 101 + 106

Loans7 116,968 - 807 - 179,428

Net portfolio holdings of MS Facilities LLC (Main Street 

Lending Program)8 11,373 + 13 - 8,928

Net portfolio holdings of Municipal Liquidity Facility LLC8 0 0 - 5,584

Net portfolio holdings of TALF II LLC8 0 0 - 1,710

Items in process of collection (0) 47 - 6 - 18

Bank premises 432 - 13 - 15

Central bank liquidity swaps9 129 + 17 - 214

Foreign currency denominated assets10 17,953 + 120 - 334

Other assets11 31,980 + 657 - 3,704

Total assets (0) 7,255,687 - 28,632 -1,133,638

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

Jun 5, 2024 May 29, 2024 Jun 7, 2023

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 2,302,112 - 878 + 8,644

Reverse repurchase agreements12 745,845 - 78,757 -1,762,231

Deposits (0) 4,323,867 + 55,852 + 732,582

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 3,457,738 + 66,661 + 151,584

U.S. Treasury, General Account 703,314 - 12,706 + 625,814

Foreign official 9,677 - 7 - 8

Other13 (0) 153,138 + 1,905 - 44,808

Deferred availability cash items (0) 764 + 166 + 221

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

Other liabilities and accrued dividends15 -165,146 - 5,112 - 105,328

Total liabilities (0) 7,212,400 - 28,729 -1,134,512

Capital accounts

Capital paid in 36,502 + 97 + 874

Surplus 6,785 0 0

Other capital accounts 0 0 0

Total capital 43,287 + 97 + 874

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 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, June 5, 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 16,237 563 5,129 517 761 1,203 2,268 1,108 484 272 460 1,311 2,161

Coin 1,476 44 44 166 44 196 115 255 29 51 102 168 263

Securities, unamortized premiums and 

discounts, repurchase agreements, 

and loans1 7,176,061 159,438 3,811,624 107,629 278,706 713,807 482,135 398,402 104,812 50,001 86,299 318,533 664,675

Net portfolio holdings of MS

Facilities LLC (Main Street Lending

Program)2 11,373 11,373 0 0 0 0 0 0 0 0 0 0 0

Central bank liquidity swaps3 129 5 44 5 14 25 4 6 3 1 1 3 16

Foreign currency denominated 

assets4 17,953 749 6,209 632 1,910 3,542 588 881 404 112 195 432 2,298

Other assets5 32,459 938 14,363 591 1,240 3,436 3,147 1,810 848 496 789 1,590 3,212

Interdistrict settlement account 0 - 4,937 + 2,143 + 12,138 + 8,079 - 25,283 - 18,479 - 30,424 - 344 - 4,347 - 12,071 - 3,504 + 77,027

Total assets 7,255,687 168,173 3,839,556 121,679 290,754 696,926 469,779 372,038 106,237 46,587 75,776 318,532 749,652

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, June 5, 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 2,302,112 87,191 740,498 54,159 113,927 162,705 356,693 115,657 72,607 28,880 36,822 201,053 331,920

Reverse repurchase agreements6 745,845 15,513 401,369 11,112 29,084 74,345 49,900 41,162 10,437 4,659 8,201 32,570 67,492

Deposits 4,323,867 60,932 2,787,773 56,486 150,119 478,249 60,539 224,765 22,020 12,842 30,677 84,937 354,527

Depository institutions 3,457,738 60,879 2,026,012 56,484 150,085 477,792 60,514 121,190 22,015 12,773 30,648 84,863 354,483

U.S. Treasury, General Account 703,314 0 703,314 0 0 0 0 0 0 0 0 0 0

Foreign official 9,677 2 9,651 1 4 8 1 2 1 0 0 1 5

Other7 153,138 52 48,797 0 29 450 23 103,573 4 69 29 73 39

Earnings remittances due to the U.S. 

Treasury8 -173,273 -3,404 -108,090 -1,792 -7,310 -27,916 96 -12,169 24 -186 -589 -1,445 -10,492

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 8,891 1,154 3,137 205 362 1,000 1,092 489 167 118 204 258 705

Total liabilities 7,212,400 166,346 3,824,688 120,169 286,183 688,383 468,320 369,904 105,254 46,314 75,315 317,373 744,152

Capital

Capital paid in 36,502 1,544 12,522 1,271 3,849 7,205 1,236 1,801 830 230 387 996 4,631

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 7,255,687 168,173 3,839,556 121,679 290,754 696,926 469,779 372,038 106,237 46,587 75,776 318,532 749,652

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, June 5, 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 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 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

Wednesday Federal Reserve notes and collateral Jun 5, 2024

Federal Reserve notes outstanding 2,753,133

Less: Notes held by F.R. Banks not subject to collateralization 451,020

Federal Reserve notes to be collateralized 2,302,112

Collateral held against Federal Reserve notes 2,302,112

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 2,285,875

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 6,818,331

Less: Face value of securities under reverse repurchase agreements 868,087

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 5,950,244

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.