Board of Governors of the Federal Reserve System

For Release at

4:30 P.M. Eastern time

May 2, 2024

In table 4, the outstanding amount of facility asset purchases for MS Facilities LLC (Main Street Lending Program) reflects the quarterly update to the allowance for credit losses. The allowance for credit losses was estimated based upon the Main Street Lending Program holdings as of March 31, 2024.

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

Reserve Bank credit

 7,343,381

-   24,417

-1,160,208

 7,326,278

Securities held outright1

 6,908,206

-   20,427

-  917,342

 6,892,302

U.S. Treasury securities

 4,533,810

-    5,744

-  713,611

 4,517,906

Bills2

   195,143

         0

-   85,823

   195,143

Notes and bonds, nominal2

 3,874,914

-    6,441

-  621,837

 3,858,685

Notes and bonds, inflation-indexed2

   350,058

+       31

-   15,353

   350,136

Inflation compensation3

   113,696

+      666

+    9,404

   113,942

Federal agency debt securities2

     2,347

         0

         0

     2,347

Mortgage-backed securities4

 2,372,049

-   14,683

-  203,731

 2,372,049

Unamortized premiums on securities held outright5

   268,824

-      799

-   33,070

   268,656

Unamortized discounts on securities held outright5

   -24,849

+       71

+    2,557

   -24,771

Repurchase agreements6

         2

-       16

+        2

         0

Foreign official

         1

         0

+        1

         0

Others

         1

-       16

+        1

         0

Loans

   134,742

-      778

-  194,889

   133,883

Primary credit

     7,013

+      169

-   43,686

     6,791

Secondary credit

        87

+       10

+       87

         0

Seasonal credit

        10

-        1

+        7

        13

Paycheck Protection Program Liquidity Facility

     2,965

-       31

-    5,580

     2,962

Bank Term Funding Program

   124,667

-      925

+   46,348

   124,117

Other credit extensions7

         0

         0

-  192,066

         0

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

    14,124

-      383

-    8,098

    14,114

Net portfolio holdings of Municipal Liquidity Facility LLC8

         0

         0

-    5,614

         0

Net portfolio holdings of TALF II LLC8

         0

         0

-    1,902

         0

Float

      -454

-      211

+       24

      -615

Central bank liquidity swaps9

       124

-       13

-      286

       124

Other Federal Reserve assets10

    42,663

-    1,860

-    1,590

    42,586

Foreign currency denominated assets11

    17,696

-       53

-    1,141

    17,674

Gold stock

    11,041

         0

         0

    11,041

Special drawing rights certificate account

     5,200

         0

         0

     5,200

Treasury currency outstanding12

    52,854

+       14

+      680

    52,854

Total factors supplying reserve funds

 7,430,172

-   24,456

-1,160,669

 7,413,047

Currency in circulation12

 2,345,037

+      139

+   19,685

 2,346,816

Reverse repurchase agreements13

   840,572

+   60,424

-1,837,770

   798,065

Foreign official and international accounts

   366,775

+    2,572

-   23,627

   359,917

Others

   473,797

+   57,851

-1,814,143

   438,148

Treasury cash holdings

       450

+        3

+      263

       444

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

 1,097,047

-   15,246

+  613,060

 1,055,744

Term deposits held by depository institutions

         0

         0

         0

         0

U.S. Treasury, General Account

   917,177

-   24,253

+  647,961

   890,442

Foreign official

    23,765

+    7,935

+   14,080

     9,694

Other14

   156,105

+    1,073

-   48,981

   155,609

Treasury contributions to credit facilities15

     7,438

         0

-    7,909

     7,438

Other liabilities and capital16

  -113,106

+    1,854

-  111,026

  -112,403

Total factors, other than reserve balances,
absorbing reserve funds

 4,177,439

+   47,174

-1,323,696

 4,096,104

Reserve balances with Federal Reserve Banks

 3,252,733

-   71,630

+  163,027

 3,316,943

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 $7.4 billion.

16.

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

Securities held in custody for foreign official and international accounts

 3,354,761

-      190

-   18,081

 3,357,481

Marketable U.S. Treasury securities1

 2,958,488

+    1,991

+    5,838

 2,961,121

Federal agency debt and mortgage-backed securities2

   315,409

-    1,884

-   23,240

   315,407

Other securities3

    80,865

-      296

-      677

    80,953

Securities lent to dealers

    32,408

+    1,991

-   12,943

    36,828

Overnight facility4

    32,408

+    1,991

-   12,943

    36,828

U.S. Treasury securities

    32,408

+    1,991

-   12,927

    36,828

Federal agency debt securities

         0

         0

-       16

         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

    16,248

     7,742

   106,943

     2,950

         0

...

   133,883

U.S. Treasury securities2

Holdings

    94,329

   184,358

   545,252

 1,505,775

   678,459

 1,509,733

 4,517,906

Weekly changes

+   33,078

-   57,144

+   19,816

-   12,146

-    5,750

+      253

-   21,893

Federal agency debt securities3

Holdings

         0

         0

         0

         0

     2,347

         0

     2,347

Weekly changes

         0

         0

         0

         0

         0

         0

         0

Mortgage-backed securities4

Holdings

         0

         0

        38

     5,490

    28,112

 2,338,409

 2,372,049

Weekly changes

         0

-        1

+        4

-      117

-      661

-   11,896

-   12,671

Loan participations held by MS

Facilities LLC (Main Street Lending

Program)5

         0

         0

         0

     6,694

...

...

     6,694

Repurchase agreements6

         0

         0

...

...

...

...

         0

Central bank liquidity swaps7

       124

         0

         0

         0

         0

         0

       124

Reverse repurchase agreements6

   798,065

         0

...

...

...

...

   798,065

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

 2,372,049

Residential mortgage-backed securities

 2,363,883

Commercial mortgage-backed securities

     8,166

Commitments to buy mortgage-backed securities2

         0

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)

     5,857

     5,611

     8,503

    14,114

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

     1,515

-        2

+      224

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

 7,270,070

-   37,044

-1,122,929

Securities held outright1

 6,892,302

-   34,564

-  908,510

U.S. Treasury securities

 4,517,906

-   21,893

-  704,778

Bills2

   195,143

         0

-   85,823

Notes and bonds, nominal2

 3,858,685

-   22,670

-  613,185

Notes and bonds, inflation-indexed2

   350,136

+      109

-   15,275

Inflation compensation3

   113,942

+      668

+    9,505

Federal agency debt securities2

     2,347

         0

         0

Mortgage-backed securities4

 2,372,049

-   12,671

-  203,731

Unamortized premiums on securities held outright5

   268,656

-      728

-   33,027

Unamortized discounts on securities held outright5

   -24,771

+       62

+    2,562

Repurchase agreements6

         0

-        5

         0

Loans7

   133,883

-    1,810

-  183,954

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

    14,114

-      404

-    8,123

Net portfolio holdings of Municipal Liquidity Facility LLC8

         0

         0

-    5,615

Net portfolio holdings of TALF II LLC8

         0

         0

-    1,898

Items in process of collection

(0)

        63

+       11

+        3

Bank premises

       438

-       18

-        3

Central bank liquidity swaps9

       124

-       13

-      286

Foreign currency denominated assets10

    17,674

-       84

-    1,198

Other assets11

    42,240

-    2,406

-    1,694

Total assets

(0)

 7,362,474

-   39,960

-1,141,520

Liabilities

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

 2,295,917

+    2,009

+   17,551

Reverse repurchase agreements12

   798,065

-   11,194

-1,842,886

Deposits

(0)

 4,372,779

-   32,884

+  802,044

Term deposits held by depository institutions

         0

         0

         0

Other deposits held by depository institutions

 3,317,035

+   45,329

+  150,799

U.S. Treasury, General Account

   890,442

-   38,937

+  702,133

Foreign official

     9,694

-   17,810

+       18

Other13

(0)

   155,609

-   21,465

-   50,905

Deferred availability cash items

(0)

       678

+      348

+      123

Treasury contributions to credit facilities14

     7,438

         0

-    7,909

Other liabilities and accrued dividends15

  -155,544

+    1,760

-  111,379

Total liabilities

(0)

 7,319,334

-   39,960

-1,142,455

Capital accounts

Capital paid in

    36,355

-        1

+      935

Surplus

     6,785

         0

         0

Other capital accounts

         0

         0

         0

Total capital

    43,140

-        1

+      935

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 $7.4 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

     1,515

        46

        50

       164

        49

       193

       105

       269

        31

        55

       107

       178

       269

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

 7,270,070

   162,056

 3,853,786

   108,860

   281,870

   722,100

   488,043

   404,054

   106,102

    51,120

    87,917

   323,481

   680,680

Net portfolio holdings of MS

Facilities LLC (Main Street Lending

Program)2

    14,114

    14,114

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Central bank liquidity swaps3

       124

         5

        43

         4

        13

        24

         4

         6

         3

         1

         1

         3

        16

Foreign currency denominated

assets4

    17,674

       737

     6,121

       622

     1,879

     3,484

       579

       867

       398

       111

       192

       425

     2,261

Other assets5

    42,741

     1,216

    19,772

       736

     1,643

     4,404

     3,851

     2,377

       809

       593

       921

     2,028

     4,392

Interdistrict settlement account

         0

+   11,477

+   36,719

+    5,901

-    2,560

-   36,343

-   22,744

-   36,194

-    1,788

-    2,623

-   10,374

-   14,752

+   73,279

Total assets

 7,362,474

   190,214

 3,921,619

   116,804

   283,655

   695,065

   472,107

   372,488

   106,038

    49,529

    79,225

   312,673

   763,058

Liabilities

Federal Reserve notes, net

 2,295,917

    86,070

   743,386

    51,479

   110,527

   161,583

   355,730

   120,036

    71,966

    30,606

    38,916

   197,248

   328,371

Reverse repurchase agreements6

   798,065

    16,599

   429,471

    11,890

    31,121

    79,550

    53,394

    44,043

    11,167

     4,986

     8,775

    34,851

    72,218

Deposits

 4,372,779

    80,530

 2,833,096

    53,359

   144,017

   470,764

    60,359

   217,305

    21,730

    13,739

    31,420

    80,680

   365,780

Depository institutions

 3,317,035

    80,476

 1,879,858

    53,358

   143,984

   470,226

    60,333

   115,811

    21,725

    13,645

    31,387

    80,481

   365,751

U.S. Treasury, General Account

   890,442

         0

   890,442

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Foreign official

     9,694

         2

     9,667

         1

         4

         8

         1

         2

         1

         0

         0

         1

         5

Other7

   155,609

        52

    53,129

         0

        29

       530

        25

   101,492

         4

        94

        32

       198

        24

Earnings remittances due to the U.S. Treasury8

  -166,728

    -3,322

  -104,214

    -1,674

    -7,054

   -26,681

       109

   -11,709

        12

      -204

      -569

    -1,568

    -9,852

Treasury contributions to credit facilities9

     7,438

     7,438

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

         0

Other liabilities and accrued
dividends

    11,862

     1,090

     5,026

       241

       466

     1,395

     1,046

       687

       184

       131

       225

       330

     1,041

Total liabilities

 7,319,334

   188,405

 3,906,765

   115,295

   279,077

   686,610

   470,638

   370,362

   105,059

    49,257

    78,767

   311,540

   757,558

Capital

Capital paid in

    36,355

     1,525

    12,508

     1,271

     3,856

     7,116

     1,247

     1,792

       826

       229

       384

       970

     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

 7,362,474

   190,214

 3,921,619

   116,804

   283,655

   695,065

   472,107

   372,488

   106,038

    49,529

    79,225

   312,673

   763,058

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 $7.4 billion.

Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) and the Federal Reserve Bank of Boston (FRBB) have extended loans to limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 5, 2020, FRBNY began extending loans to the Municipal Liquidity Facility LLC (MLF LLC), a limited liability company formed to purchase municipal notes from eligible issuers. The assets of the MLF LLC and the amount provided by U.S. Treasury as credit protection to the FRBNY are used to secure the loan from the FRBNY. On June 25, 2020, FRBNY began extending loans to the TALF II LLC, a special purpose vehicle that was formed to help support the flow of credit to consumers and businesses. The assets of the TALF II LLC and the amount provided by U.S. Treasury as credit protection to the FRBNY are used to secure the loan from the FRBNY. On July 15, 2020, the FRBB began extending loans to the MS Facilities LLC (Main Street Lending Program), a special purpose vehicle that was formed to help ensure credit flows to small and medium-sized businesses and to eligible nonprofits. The assets of the MS Facilities LLC and the amount provided by U.S. Treasury as credit protection to the FRBB are used to secure the loan from the FRBB.

The FRBNY is the managing member of MLF LLC and TALF II LLC. The FRBB is the managing member of MS Facilities LLC (Main Street Lending Program). Consistent with generally accepted accounting principles, the assets and liabilities of each LLC have been accounted for and consolidated with the assets and liabilities of the FRBNY or FRBB, in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the loan from the Reserve Bank to the LLC is eliminated as are any balances held at the FRBNY for LLCs consolidated to FRBNY or FRBB for LLCs consolidated to FRBB. Treasury contributions to credit facilities are held at FRBNY until invested. Net assets of the LLC appears as assets on table 6 (and in table 1 and table 5), and the liabilities of the LLC to entities other than the FRBNY or FRBB, including those with recourse only to the portfolio holdings of the LLC, are included in other liabilities in this table (and table 1 and table 5). The amount provided by U.S. Treasury as credit protection to FRBNY and FRBB appears as liabilities on table 6 (and in table 1 and table 5).

Federal Reserve notes outstanding

 2,739,121

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

   443,205

Federal Reserve notes to be collateralized

 2,295,917

Collateral held against Federal Reserve notes

 2,295,917

Gold certificate account

    11,037

Special drawing rights certificate account

     5,200

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

 2,279,680

Other assets pledged

         0

Memo:

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

 6,892,302

Less: Face value of securities under reverse repurchase agreements

   944,677

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

 5,947,626

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.