Board of Governors of the Federal Reserve System

For Release at

4:30 P.M. Eastern time

May 23, 2024

"Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks," has been modified to reflect the Federal Reserve's return of a portion of Treasury's equity investment in the MS Facilities LLC (Main Street Lending Program) which occurred on May 17, 2024. Footnote 15 in Factors Affecting Reserve Balances of Depository Institutions (table 1), footnote 14 in the Consolidated Statement of Condition of All Federal Reserve Banks (table 5), and footnote 9 in the Statement of Condition of Each Federal Reserve Bank (table 6) were revised accordingly.

Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks

Reserve Bank credit

 7,265,524

-   44,728

-1,140,328

 7,263,580

Securities held outright1

 6,861,243

-   27,795

-  908,679

 6,859,354

U.S. Treasury securities

 4,488,518

-   26,134

-  706,314

 4,488,767

Bills2

   195,218

         0

-   85,823

   195,218

Notes and bonds, nominal2

 3,827,406

-   26,811

-  615,577

 3,827,406

Notes and bonds, inflation-indexed2

   350,161

         0

-   15,275

   350,161

Inflation compensation3

   115,733

+      677

+   10,361

   115,982

Federal agency debt securities2

     2,347

         0

         0

     2,347

Mortgage-backed securities4

 2,370,378

-    1,661

-  202,365

 2,368,240

Unamortized premiums on securities held outright5

   267,436

-      511

-   32,565

   267,198

Unamortized discounts on securities held outright5

   -25,290

-      335

+    2,526

   -25,208

Repurchase agreements6

        16

+        1

+        1

         1

Foreign official

         0

-        1

-        1

         1

Others

        15

+        1

         0

         0

Loans

   118,649

-    1,030

-  181,937

   118,619

Primary credit

     6,571

+      174

-      505

     6,664

Secondary credit

         0

         0

         0

         0

Seasonal credit

        25

         0

+       17

        26

Paycheck Protection Program Liquidity Facility

     2,929

-       13

-    5,297

     2,925

Bank Term Funding Program

   109,123

-    1,192

+   20,440

   109,005

Other credit extensions7

         0

         0

-  196,593

         0

Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)8

    11,649

-    2,430

-    8,840

    11,304

Net portfolio holdings of Municipal Liquidity Facility LLC8

         0

         0

-    5,577

         0

Net portfolio holdings of TALF II LLC8

         0

         0

-    1,750

         0

Float

      -246

-       11

-       78

      -324

Central bank liquidity swaps9

       123

-        6

-      271

       123

Other Federal Reserve assets10

    31,944

-   12,610

-    3,157

    32,512

Foreign currency denominated assets11

    17,949

+       82

-      510

    17,895

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding12

    52,896

+       14

+      690

    52,896

Total factors supplying reserve funds

 7,352,610

-   44,631

-1,140,147

 7,350,612

Currency in circulation12

 2,347,715

-       65

+   12,886

 2,349,764

Reverse repurchase agreements13

   835,124

-    4,878

-1,798,295

   864,910

Foreign official and international accounts

   372,828

+    7,404

+    3,857

   368,528

Others

   462,296

-   12,282

-1,802,152

   496,382

Treasury cash holdings

       450

+        6

+      231

       442

Deposits with F.R. Banks, other than reserve balances

   893,043

-   53,811

+  610,273

   874,689

Term deposits held by depository institutions

         0

         0

         0

         0

U.S. Treasury, General Account

   725,376

-   61,757

+  663,424

   710,882

Foreign official

     9,761

+       82

+       76

     9,677

Other14

   157,907

+    7,865

-   53,226

   154,129

Treasury contributions to credit facilities15

     5,313

-    2,125

-    8,329

     4,958

Other liabilities and capital16

  -119,828

-    4,805

-  107,535

  -119,166

Total factors, other than reserve balances,
absorbing reserve funds

 3,961,816

-   65,679

-1,290,769

 3,975,597

Reserve balances with Federal Reserve Banks

 3,390,794

+   21,047

+  150,622

 3,375,014

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.

Securities held in custody for foreign official and international accounts

 3,323,789

-   13,388

-   73,729

 3,319,281

Marketable U.S. Treasury securities1

 2,929,498

-   11,744

-   43,531

 2,927,435

Federal agency debt and mortgage-backed securities2

   313,292

-    1,712

-   29,563

   310,753

Other securities3

    80,999

+       68

-      635

    81,093

Securities lent to dealers

    32,095

-    1,699

-    9,288

    33,887

Overnight facility4

    32,095

-    1,699

-    9,288

    33,887

U.S. Treasury securities

    32,095

-    1,699

-    9,279

    33,887

Federal agency debt securities

         0

         0

-        9

         0

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.

Loans1

     1,827

     7,340

   106,570

     2,881

         0

...

   118,619

U.S. Treasury securities2

Holdings

    68,095

   224,099

   532,306

 1,502,016

   648,792

 1,513,459

 4,488,767

Weekly changes

+   26,351

+    7,364

-   33,629

+      293

+    5,382

-    5,084

+      677

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

         0

        38

     5,699

    28,112

 2,334,390

 2,368,240

Weekly changes

         0

         0

         0

         0

-       46

-    3,698

-    3,743

Loan participations held by MS

Facilities LLC (Main Street Lending

Program)5

         0

         0

         0

     6,620

...

...

     6,620

Repurchase agreements6

         1

         0

...

...

...

...

         1

Central bank liquidity swaps7

       123

         0

         0

         0

         0

         0

       123

Reverse repurchase agreements6

   864,910

         0

...

...

...

...

   864,910

Term deposits

         0

         0

         0

...

...

...

         0

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.

Mortgage-backed securities held outright1

 2,368,240

Residential mortgage-backed securities

 2,360,076

Commercial mortgage-backed securities

     8,164

Commitments to buy mortgage-backed securities2

        68

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.

MS Facilities LLC (Main Street Lending Program)

     5,486

     5,530

     5,774

    11,304

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.

Assets

Gold certificate account

    11,037

         0

         0

Special drawing rights certificate account

     5,200

         0

         0

Coin

     1,484

-       11

+      194

Securities, unamortized premiums and discounts, repurchase agreements, and loans

 7,219,965

-    4,219

-1,116,634

Securities held outright1

 6,859,354

-    3,066

-  908,379

U.S. Treasury securities

 4,488,767

+      677

-  706,194

Bills2

   195,218

         0

-   85,823

Notes and bonds, nominal2

 3,827,406

         0

-  615,577

Notes and bonds, inflation-indexed2

   350,161

         0

-   15,275

Inflation compensation3

   115,982

+      678

+   10,481

Federal agency debt securities2

     2,347

         0

         0

Mortgage-backed securities4

 2,368,240

-    3,743

-  202,185

Unamortized premiums on securities held outright5

   267,198

-      580

-   32,503

Unamortized discounts on securities held outright5

   -25,208

-      272

+    2,517

Repurchase agreements6

         1

+        1

-       29

Loans7

   118,619

-      303

-  178,241

Net portfolio holdings of MS Facilities LLC (Main Street Lending Program)8

    11,304

-    2,469

-    8,953

Net portfolio holdings of Municipal Liquidity Facility LLC8

         0

         0

-    5,579

Net portfolio holdings of TALF II LLC8

         0

         0

-    1,752

Items in process of collection

(0)

        46

-        7

+       12

Bank premises

       449

+        2

-        7

Central bank liquidity swaps9

       123

-        7

-      268

Foreign currency denominated assets10

    17,895

-       77

-      483

Other assets11

    32,062

+    2,080

-    3,221

Total assets

(0)

 7,299,566

-    4,706

-1,136,689

Liabilities

Federal Reserve notes, net of F.R. Bank holdings

 2,298,791

+    1,356

+   11,558

Reverse repurchase agreements12

   864,910

+   37,700

-1,746,096

Deposits

(0)

 4,249,703

-   36,292

+  712,967

Term deposits held by depository institutions

         0

         0

         0

Other deposits held by depository institutions

 3,375,014

-   41,372

+  124,243

U.S. Treasury, General Account

   710,882

+    4,774

+  661,409

Foreign official

     9,677

-        3

-        9

Other13

(0)

   154,129

+      308

-   72,678

Deferred availability cash items

(0)

       370

-       22

+      135

Treasury contributions to credit facilities14

     4,958

-    2,480

-    8,400

Other liabilities and accrued dividends15

  -162,356

-    4,967

-  107,641

Total liabilities

(0)

 7,256,376

-    4,706

-1,137,478

Capital accounts

Capital paid in

    36,405

         0

+      788

Surplus

     6,785

         0

         0

Other capital accounts

         0

         0

         0

Total capital

    43,190

         0

+      788

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.

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

     1,484

        42

        46

       166

        48

       195

       109

       261

        29

        53

       104

       167

       265

Securities, unamortized premiums and discounts, repurchase agreements,
and loans1

 7,219,965

   160,474

 3,834,415

   108,281

   280,374

   718,150

   484,980

   400,805

   105,596

    50,292

    86,791

   320,421

   669,386

Net portfolio holdings of MS

Facilities LLC (Main Street Lending

Program)2

    11,304

    11,304

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Central bank liquidity swaps3

       123

         5

        43

         4

        13

        24

         4

         6

         3

         1

         1

         3

        16

Foreign currency denominated

assets4

    17,895

       747

     6,189

       630

     1,904

     3,530

       586

       878

       403

       112

       195

       430

     2,291

Other assets5

    32,558

       926

    14,518

       593

     1,241

     3,474

     3,149

     1,814

       823

       462

       763

     1,585

     3,210

Interdistrict settlement account

         0

-    4,607

+   30,511

+   13,603

-   11,565

-   23,344

-   16,851

-   34,264

-    1,839

-    4,154

-   13,195

-    7,636

+   73,340

Total assets

 7,299,566

   169,454

 3,890,850

   123,794

   272,776

   703,233

   474,246

   370,608

   105,498

    47,037

    75,119

   316,282

   750,668

Liabilities

Federal Reserve notes, net

 2,298,791

    86,535

   741,834

    53,275

   112,389

   162,201

   356,444

   116,658

    72,026

    29,437

    37,410

   199,097

   331,485

Reverse repurchase agreements6

   864,910

    17,990

   465,443

    12,886

    33,727

    86,213

    57,866

    47,732

    12,103

     5,403

     9,510

    37,770

    78,267

Deposits

 4,249,703

    60,440

 2,771,878

    57,661

   128,951

   472,741

    57,667

   215,569

    20,224

    12,007

    28,138

    79,488

   344,940

Depository institutions

 3,375,014

    60,382

 2,001,467

    57,660

   128,917

   472,356

    57,641

   111,998

    20,218

    11,940

    28,107

    79,423

   344,904

U.S. Treasury, General Account

   710,882

         0

   710,882

         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

   154,129

        56

    49,878

         0

        30

       376

        25

   103,568

         4

        66

        30

        64

        31

Earnings remittances due to the U.S. Treasury8

  -170,342

    -3,363

  -106,350

    -1,737

    -7,183

   -27,396

       102

   -11,957

        14

      -198

      -579

    -1,485

   -10,208

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

     8,356

     1,077

     3,177

       199

       321

     1,019

       708

       472

       151

       116

       179

       252

       686

Total liabilities

 7,256,376

   167,636

 3,875,981

   122,284

   268,205

   694,777

   472,787

   368,474

   104,517

    46,765

    74,658

   315,122

   745,169

Capital

Capital paid in

    36,405

     1,535

    12,523

     1,271

     3,849

     7,117

     1,236

     1,802

       829

       230

       387

       996

     4,630

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

 7,299,566

   169,454

 3,890,850

   123,794

   272,776

   703,233

   474,246

   370,608

   105,498

    47,037

    75,119

   316,282

   750,668

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).

Federal Reserve notes outstanding

 2,748,312

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

   449,521

Federal Reserve notes to be collateralized

 2,298,791

Collateral held against Federal Reserve notes

 2,298,791

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

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

 2,282,554

Other assets pledged

         0

Memo:

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

 6,859,355

Less: Face value of securities under reverse repurchase agreements

 1,008,914

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

 5,850,441

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.