Board of Governors of the Federal Reserve System

For Release at

4:30 P.M. Eastern Time

November 29, 2024

The Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks", has been modified to reflect the Federal Reserve's semi - annual return on November 22, 2024, of a portion of Treasury equity investment in the MS Facilities 2020 LLC (Main Street Lending Program). The remaining Treasury equity investment is reported on Factors Affecting Reserve Balances of Depository Institutions (table 1), Consolidated Statement of Condition of All Federal Reserve Banks (table 5), and Statement of Condition of Each Federal Reserve Bank (table 6), and all remaining Treasury equity investment belongs to MS Facilities 2020 LLC. Consequently, the amount was removed from 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).

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

Reserve Bank credit

 6,873,798

-   18,728

-  895,018

 6,863,270

Securities held outright1

 6,581,977

-   11,108

-  717,654

 6,574,462

U.S. Treasury securities

 4,323,050

-    2,295

-  520,022

 4,323,134

Bills2

   195,293

         0

-   35,973

   195,293

Notes and bonds, nominal2

 3,668,652

-    2,470

-  463,799

 3,668,652

Notes and bonds, inflation-indexed2

   341,360

         0

-   24,045

   341,360

Inflation compensation3

   117,744

+      175

+    3,794

   117,828

Federal agency debt securities2

     2,347

         0

         0

     2,347

Mortgage-backed securities4

 2,256,580

-    8,813

-  197,632

 2,248,982

Unamortized premiums on securities held outright5

   252,400

-      720

-   29,717

   252,020

Unamortized discounts on securities held outright5

   -24,123

+       46

+    2,425

   -24,016

Repurchase agreements6

         6

+        1

+        5

         0

Foreign official

         5

+        1

+        5

         0

Others

         1

         0

         0

         0

Loans

    24,241

-    3,428

-  130,076

    23,059

Primary credit

     2,457

-      326

-      100

     2,498

Secondary credit

         0

         0

         0

         0

Seasonal credit

        44

-        8

+       22

        43

Paycheck Protection Program Liquidity Facility

     2,010

-       10

-    1,994

     2,009

Bank Term Funding Program

    19,730

-    3,084

-   94,129

    18,509

Other credit extensions7

         0

         0

-   33,875

         0

Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8

     8,663

-    1,308

-    7,917

     8,457

Net portfolio holdings of Municipal Liquidity Facility LLC8

         0

         0

-    5,601

         0

Net portfolio holdings of TALF II LLC8

         0

         0

-      382

         0

Float

      -458

-      151

-      195

    -1,132

Central bank liquidity swaps9

       128

-        4

-      106

       128

Other Federal Reserve assets10

    30,964

-    2,056

-    5,799

    30,291

Foreign currency denominated assets11

    17,697

-      100

-      455

    17,968

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

    10,200

         0

+    5,000

    10,200

Treasury currency outstanding12

    53,033

+       14

+      669

    53,033

Total factors supplying reserve funds

 6,965,768

-   18,814

-  889,804

 6,955,512

Currency in circulation12

 2,359,144

+      426

+   26,860

 2,362,860

Reverse repurchase agreements13

   576,746

+    3,828

-  644,320

   569,509

Foreign official and international accounts

   390,072

+   10,039

+   52,445

   399,694

Others

   186,674

-    6,211

-  696,765

   169,815

Treasury cash holdings

       353

+        6

-       38

       352

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

   955,364

+   35,054

+   37,772

   941,279

Term deposits held by depository institutions

         0

         0

         0

         0

U.S. Treasury, General Account

   775,250

+   23,377

+   36,041

   782,704

Foreign official

     9,687

+        4

-        3

     9,688

Other14

   170,427

+   11,673

+    1,733

   148,887

Treasury contributions to credit facilities15

     3,675

-    1,283

-    6,636

     3,461

Other liabilities and capital16

  -157,188

+    2,366

-   89,535

  -155,984

Total factors, other than reserve balances,
absorbing reserve funds

 3,738,094

+   40,397

-  675,897

 3,721,477

Reserve balances with Federal Reserve Banks

 3,227,674

-   59,211

-  213,907

 3,234,035

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.

16.

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

Securities held in custody for foreign official and international accounts

 3,317,682

-    2,867

-   79,239

 3,314,374

Marketable U.S. Treasury securities1

 2,931,983

+    1,968

-   34,889

 2,930,099

Federal agency debt and mortgage-backed securities2

   298,254

-    4,116

-   47,914

   297,725

Other securities3

    87,445

-      719

+    3,565

    86,550

Securities lent to dealers

    30,730

-    1,137

-    4,281

    33,182

Overnight facility4

    30,730

-    1,137

-    4,281

    33,182

U.S. Treasury securities

    30,730

-    1,137

-    4,281

    33,182

Federal agency debt securities

         0

         0

         0

         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

     1,754

    18,835

       834

     1,636

         0

...

    23,059

U.S. Treasury securities2

Holdings

    40,733

   244,124

   455,496

 1,499,246

   549,009

 1,534,525

 4,323,134

Weekly changes

-    8,706

+   12,057

-    3,326

+       88

+       26

+       57

+      196

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

        10

     5,552

    23,963

 2,219,456

 2,248,982

Weekly changes

         0

-        1

-        4

-      542

-      150

-   12,602

-   13,297

Loan participations held by MS

Facilities 2020 LLC (Main Street

Lending Program)5

        46

         0

     1,670

     3,131

...

...

     4,847

Repurchase agreements6

         0

         0

...

...

...

...

         0

Central bank liquidity swaps7

       128

         0

         0

         0

         0

         0

       128

Reverse repurchase agreements6

   569,509

         0

...

...

...

...

   569,509

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 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.

Mortgage-backed securities held outright1

 2,248,982

Residential mortgage-backed securities

 2,240,923

Commercial mortgage-backed securities

     8,058

Commitments to buy mortgage-backed securities2

        15

Commitments to sell mortgage-backed securities2

        77

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 2020 LLC (Main Street Lending Program)

     3,821

     4,297

     4,160

     8,457

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 September 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.

Assets

Gold certificate account

    11,037

         0

         0

Special drawing rights certificate account

    10,200

         0

+    5,000

Coin

     1,454

+        4

+       60

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

 6,825,525

-   17,015

-  876,216

Securities held outright1

 6,574,462

-   13,102

-  718,094

U.S. Treasury securities

 4,323,134

+      196

-  520,040

Bills2

   195,293

         0

-   35,973

Notes and bonds, nominal2

 3,668,652

         0

-  463,799

Notes and bonds, inflation-indexed2

   341,360

         0

-   24,045

Inflation compensation3

   117,828

+      196

+    3,777

Federal agency debt securities2

     2,347

         0

         0

Mortgage-backed securities4

 2,248,982

-   13,297

-  198,053

Unamortized premiums on securities held outright5

   252,020

-      795

-   29,740

Unamortized discounts on securities held outright5

   -24,016

+       69

+    2,467

Repurchase agreements6

         0

-       11

-        3

Loans7

    23,059

-    3,175

-  130,847

Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8

     8,457

-    1,488

-    8,141

Net portfolio holdings of Municipal Liquidity Facility LLC8

         0

         0

-    5,604

Net portfolio holdings of TALF II LLC8

         0

         0

-      382

Items in process of collection

(0)

        80

-        4

+       29

Bank premises

       512

+       16

+       80

Central bank liquidity swaps9

       128

-        4

-      106

Foreign currency denominated assets10

    17,968

+      264

-      279

Other assets11

    29,779

-      364

-    5,445

Total assets

(0)

 6,905,140

-   18,591

-  891,005

Liabilities

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

 2,311,629

+    4,646

+   29,755

Reverse repurchase agreements12

   569,509

-   30,633

-  684,647

Deposits

(0)

 4,175,314

+    5,070

-  140,805

Term deposits held by depository institutions

         0

         0

         0

Other deposits held by depository institutions

 3,234,035

-   33,294

-  161,361

U.S. Treasury, General Account

   782,704

+   44,870

+   29,134

Foreign official

     9,688

+        4

-        2

Other13

(0)

   148,887

-    6,510

-    8,576

Deferred availability cash items

(0)

     1,212

+      825

+      354

Treasury contributions to credit facilities14

     3,461

-    1,497

-    6,850

Other liabilities and accrued dividends15

  -199,915

+    2,706

-   89,966

Total liabilities

(0)

 6,861,210

-   18,883

-  892,159

Capital accounts

Capital paid in

    37,145

+      292

+    1,154

Surplus

     6,785

         0

         0

Other capital accounts

         0

         0

         0

Total capital

    43,930

+      292

+    1,154

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.

15.

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

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

     1,454

        52

        47

       168

        42

       199

       102

       247

        32

        56

        95

       179

       234

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

 6,825,525

   142,882

 3,662,348

   101,701

   266,708

   679,698

   456,501

   376,773

    95,917

    44,653

    76,413

   302,254

   619,677

Net portfolio holdings of MS

Facilities 2020 LLC (Main Street

Lending Program)2

     8,457

     8,457

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Central bank liquidity swaps3

       128

         5

        44

         5

        14

        25

         4

         6

         3

         1

         1

         3

        16

Foreign currency denominated

assets4

    17,968

       749

     6,221

       632

     1,910

     3,542

       588

       881

       404

       112

       195

       432

     2,299

Other assets5

    30,371

       755

    13,777

       544

     1,191

     3,200

     2,892

     1,649

       778

       449

       700

     1,580

     2,856

Interdistrict settlement account

         0

+   30,232

-   99,643

+   34,071

+    3,231

-   51,995

+    9,364

-   27,904

+   12,969

+    8,887

-    8,175

+    8,690

+   80,273

Total assets

 6,905,140

   183,861

 3,589,414

   137,777

   274,093

   636,226

   472,451

   353,069

   110,739

    54,513

    69,830

   314,924

   708,243

Liabilities

Federal Reserve notes, net

 2,311,629

    85,378

   752,589

    55,439

   114,897

   167,443

   360,944

   105,515

    77,710

    30,258

    29,639

   201,394

   330,421

Reverse repurchase agreements6

   569,509

    11,846

   306,476

     8,485

    22,208

    56,768

    38,102

    31,430

     7,969

     3,558

     6,262

    24,870

    51,535

Deposits

 4,175,314

    83,988

 2,639,588

    75,096

   141,349

   436,006

    70,205

   228,051

    23,744

    20,535

    33,998

    88,466

   334,288

Depository institutions

 3,234,035

    83,983

 1,796,759

    75,094

   141,313

   435,442

    70,173

   130,525

    23,739

    20,410

    33,967

    88,374

   334,255

U.S. Treasury, General Account

   782,704

         0

   782,704

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     9,688

         2

     9,661

         1

         4

         8

         1

         2

         1

         0

         0

         1

         5

Other7

   148,887

         3

    50,464

         0

        32

       556

        30

    97,524

         4

       125

        31

        91

        27

Earnings remittances due to the U.S. Treasury8

  -210,971

    -4,109

  -128,584

    -3,074

    -9,388

   -34,035

       106

   -14,980

        22

      -270

      -785

    -1,393

   -14,480

Treasury contributions to credit facilities9

     3,461

     3,461

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Other liabilities and accrued
dividends

    12,268

     1,445

     4,463

       305

       448

     1,478

     1,611

       658

       201

       151

       230

       339

       940

Total liabilities

 6,861,210

   182,008

 3,574,532

   136,251

   269,514

   627,660

   470,968

   350,674

   109,645

    54,232

    69,344

   313,677

   702,705

Capital

Capital paid in

    37,145

     1,571

    12,536

     1,287

     3,857

     7,228

     1,260

     2,062

       941

       238

       412

     1,085

     4,670

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

 6,905,140

   183,861

 3,589,414

   137,777

   274,093

   636,226

   472,451

   353,069

   110,739

    54,513

    69,830

   314,924

   708,243

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.

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).

Federal Reserve notes outstanding

 2,785,788

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

   474,159

Federal Reserve notes to be collateralized

 2,311,629

Collateral held against Federal Reserve notes

 2,311,629

Gold certificate account

    11,037

Special drawing rights certificate account

    10,200

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

 2,290,392

Other assets pledged

         0

Memo:

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

 6,574,462

Less: Face value of securities under reverse repurchase agreements

   612,687

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

 5,961,776

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.