H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks April 10, 2025 1. Factors Affecting Reserve Balances of Depository Institutions Millions of dollars Reserve Bank credit, related items, and Averages of daily figures Wednesday reserve balances of depository institutions at Week ended Change from week ended Apr 9, 2025 Federal Reserve Banks Apr 9, 2025 Apr 2, 2025 Apr 10, 2024 Reserve Bank credit 6,678,863 - 8,454 - 722,708 6,680,364 Securities held outright1 6,410,678 - 10,354 - 555,699 6,410,842 U.S. Treasury securities 4,219,332 - 10,355 - 356,263 4,219,496 Bills2 195,343 0 + 200 195,343 Notes and bonds, nominal2 3,592,557 - 11,134 - 313,206 3,592,557 Notes and bonds, inflation-indexed2 321,443 + 303 - 39,169 321,443 Inflation compensation3 109,989 + 476 - 4,088 110,153 Federal agency debt securities2 2,347 0 0 2,347 Mortgage-backed securities4 2,188,999 0 - 199,436 2,188,999 Unamortized premiums on securities held outright5 242,659 - 395 - 27,941 242,525 Unamortized discounts on securities held outright5 -23,639 + 27 + 1,184 -23,571 Repurchase agreements6 14 - 359 + 14 0 Foreign official 0 - 371 0 0 Others 14 + 12 + 14 0 Loans 4,195 + 91 - 130,939 4,566 Primary credit 2,351 + 92 - 2,574 2,726 Secondary credit 0 0 - 19 0 Seasonal credit 9 + 8 + 6 9 Paycheck Protection Program Liquidity Facility 1,835 - 8 - 1,201 1,831 Bank Term Funding Program 0 0 - 127,151 0 Other credit extensions7 0 0 0 0 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 7,295 + 8 - 7,396 7,301 Float -316 + 300 - 66 -389 Central bank liquidity swaps9 94 - 1 - 56 94 Other Federal Reserve assets10 37,883 + 2,229 - 1,809 38,996 Foreign currency denominated assets11 18,715 + 345 + 680 18,820 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 15,200 0 + 10,000 15,200 Treasury currency outstanding12 53,021 + 14 + 728 53,021 Total factors supplying reserve funds 6,776,840 - 8,095 - 711,300 6,778,446 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 Reserve Bank credit, related items, and Averages of daily figures Wednesday reserve balances of depository institutions at Week ended Change from week ended Apr 9, 2025 Federal Reserve Banks Apr 9, 2025 Apr 2, 2025 Apr 10, 2024 Currency in circulation12 2,377,717 + 3,160 + 30,942 2,378,330 Reverse repurchase agreements13 555,248 - 124,575 - 236,805 534,253 Foreign official and international accounts 380,543 - 11,533 + 29,908 366,138 Others 174,705 - 113,042 - 266,713 168,115 Treasury cash holdings 401 - 30 - 40 412 Deposits with F.R. Banks, other than reserve balances 540,908 + 21,676 - 325,802 552,298 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 306,049 - 7,277 - 398,922 315,189 Foreign official 9,435 - 2 - 258 9,434 Other14 225,424 + 28,956 + 73,378 227,675 Treasury contributions to credit facilities15 3,461 0 - 3,977 3,461 Other liabilities and capital16 -175,577 - 3,670 - 63,455 -174,651 Total factors, other than reserve balances, absorbing reserve funds 3,302,158 - 103,438 - 599,137 3,294,102 Reserve balances with Federal Reserve Banks 3,474,682 + 95,343 - 112,163 3,484,345 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. 2. Face value of the securities. 3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities. 5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency debt securities, and mortgage-backed securities, amortization is on an effective-interest basis. 6. Cash value of agreements. 7. Includes outstanding loans to depository institutions that were subsequently placed into Federal Deposit Insurance Corporation (FDIC) receivership, including depository institutions established by the FDIC. The Federal Reserve Banks' loans to these depository institutions are secured by pledged collateral and the FDIC provides repayment guarantees. 8. Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury contributions to the facility. Refer to note on consolidation below. 9. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 10. Includes bank premises, accrued interest, and other accounts receivable. 11. Revalued daily at current foreign currency exchange rates. 12. Estimated. 13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities 14. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as fiscal agents of the United States. 15. Book value. Amount of equity investments in MS Facilities 2020 LLC. 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 Wednesday Memorandum item Week ended Change from week ended Apr 9, 2025 Apr 9, 2025 Apr 2, 2025 Apr 10, 2024 Securities held in custody for foreign official and international accounts 3,294,310 + 999 - 64,938 3,296,459 Marketable U.S. Treasury securities1 2,930,869 + 935 - 25,057 2,932,857 Federal agency debt and mortgage-backed securities2 275,653 + 129 - 46,577 275,658 Other securities3 87,788 - 64 + 6,696 87,944 Securities lent to dealers 30,347 + 36 - 5,629 40,631 Overnight facility4 30,347 + 36 - 5,629 40,631 U.S. Treasury securities 30,347 + 36 - 5,629 40,631 Federal agency debt securities 0 0 0 0 Note: Components may not sum to totals because of rounding. 1. Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS. Does not include securities pledged as collateral to foreign official and international account holders against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6. 2. Face value of federal agency securities and current face value of mortgage-backed securities, which is the remaining principal balance of the securities. 3. Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed securities, and commercial paper at face value. 4. Face value. Fully collateralized by U.S. Treasury securities.

H.4.1 2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, April 9, 2025 Millions of dollars Within 15 16 days to 91 days to Over 1 year Over 5 year Over 10 Remaining Maturity All days 90 days 1 year to 5 years to 10 years years Loans1 871 2,144 202 1,349 0 ... 4,566 U.S. Treasury securities2 Holdings 58,181 215,022 417,235 1,445,551 530,638 1,552,870 4,219,496 Weekly changes - 4,332 + 4,279 + 116 + 192 + 51 + 142 + 447 Federal agency debt securities3 Holdings 0 0 0 1,151 1,196 0 2,347 Weekly changes 0 0 0 0 0 0 0 Mortgage-backed securities4 Holdings 0 0 71 4,068 35,835 2,149,024 2,188,999 Weekly changes 0 0 0 0 + 2,069 - 2,069 0 Loan participations held by MS Facilities 2020 LLC (Main Street Lending Program)5 45 4 3,663 12 ... ... 3,725 Repurchase agreements6 0 0 ... ... ... ... 0 Central bank liquidity swaps7 94 0 0 0 0 0 94 Reverse repurchase agreements6 534,253 0 ... ... ... ... 534,253 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; the Paycheck Protection Program Liquidity Facility (PPPLF); and other credit extensions. A component of PPPLF loans presented in the Within 15 day category has reached maturity and is recognized as performing loans based upon the underlying guarantee of the collateral by the Small Business Administration. Loans exclude the loans from the Federal Reserve Bank of Boston (FRBB) to MS Facilities 2020 LLC, which were eliminated when preparing the FRBB's statement of condition, consistent with consolidation under generally accepted accounting principles. 2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the original face value of such securities. 3. Face value. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities. 5. Book value of the loan participations held by the MS Facilities 2020 LLC. 6. Cash value of agreements. 7. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.

H.4.1 3. Supplemental Information on Mortgage-Backed Securities Millions of dollars Wednesday Account name Apr 9, 2025 Mortgage-backed securities held outright1 2,188,999 Residential mortgage-backed securities 2,180,991 Commercial mortgage-backed securities 8,007 Commitments to buy mortgage-backed securities2 15 Commitments to sell mortgage-backed securities2 146 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 Apr 9, 2025 Net portfolio holdings of Credit Facilities LLC Outstanding Credit Facilities LLC: principal Outstanding amount amount of Treasury of loan facility contributions extended to asset and the LLC1 purchases2 other assets3 Total MS Facilities 2020 LLC (Main Street Lending Program) 2,795 3,010 4,290 7,301 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 December 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 Eliminations from Wednesday Assets, liabilities, and capital Wednesday Wednesday consolidation Apr 9, 2025 Apr 2, 2025 Apr 10, 2024 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 15,200 0 + 10,000 Coin 1,552 0 + 7 Securities, unamortized premiums and discounts, repurchase agreements, and loans 6,634,362 + 660 - 712,388 Securities held outright1 6,410,842 + 447 - 555,787 U.S. Treasury securities 4,219,496 + 447 - 356,350 Bills2 195,343 0 + 200 Notes and bonds, nominal2 3,592,557 0 - 313,206 Notes and bonds, inflation-indexed2 321,443 0 - 39,169 Inflation compensation3 110,153 + 447 - 4,175 Federal agency debt securities2 2,347 0 0 Mortgage-backed securities4 2,188,999 0 - 199,436 Unamortized premiums on securities held outright5 242,525 - 381 - 27,911 Unamortized discounts on securities held outright5 -23,571 + 30 + 1,171 Repurchase agreements6 0 0 - 1 Loans7 4,566 + 565 - 129,861 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 7,301 + 7 - 7,404 Items in process of collection (0) 54 + 1 - 4 Bank premises 586 + 3 + 138 Central bank liquidity swaps9 94 - 1 - 56 Foreign currency denominated assets10 18,820 + 277 + 932 Other assets11 38,411 + 3,018 - 1,985 Total assets (0) 6,727,416 + 3,964 - 710,760 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 Eliminations from Wednesday Assets, liabilities, and capital Wednesday Wednesday consolidation Apr 9, 2025 Apr 2, 2025 Apr 10, 2024 Liabilities Federal Reserve notes, net of F.R. Bank holdings 2,327,269 + 1,603 + 30,374 Reverse repurchase agreements12 534,253 - 88,000 - 264,944 Deposits (0) 4,036,642 + 93,692 - 409,141 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 3,484,345 + 57,296 - 131,346 U.S. Treasury, General Account 315,189 + 13,565 - 357,348 Foreign official 9,434 - 5 - 259 Other13 (0) 227,675 + 22,837 + 79,813 Deferred availability cash items (0) 443 - 143 + 117 Treasury contributions to credit facilities14 3,461 0 - 3,977 Other liabilities and accrued dividends15 -218,839 - 3,188 - 64,236 Total liabilities (0) 6,683,229 + 3,965 - 711,807 Capital accounts Capital paid in 37,402 0 + 1,047 Surplus 6,785 0 0 Other capital accounts 0 0 0 Total capital 44,187 0 + 1,047 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. 2. Face value of the securities. 3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities. 5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency debt securities, and mortgage-backed securities, amortization is on an effective-interest basis. 6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. 7. Loans includes primary, secondary, and seasonal loans and credit extended through the Paycheck Protection Program Liquidity Facility, Bank Term Funding Program, and other credit extensions. 8. Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury contributions to the facility. Refer to note on consolidation below. 9. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 10. Revalued daily at current foreign currency exchange rates. 11. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable. 12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 13. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as fiscal agents of the United States. 14. Book value. Amount of equity investments in MS Facilities 2020 LLC. 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, April 9, 2025 Millions of dollars Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco Assets Gold certificates and special drawing rights certificates 26,237 895 8,109 797 1,233 1,911 3,730 1,726 786 438 738 2,261 3,613 Coin 1,552 61 59 181 47 201 113 255 35 61 103 183 251 Securities, unamortized premiums and discounts, repurchase agreements, and loans1 6,634,362 137,990 3,568,590 98,861 259,330 660,870 443,629 366,170 92,883 42,101 72,920 289,732 601,286 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)2 7,301 7,301 0 0 0 0 0 0 0 0 0 0 0 Central bank liquidity swaps3 94 4 32 3 10 18 3 5 2 1 1 3 12 Foreign currency denominated assets4 18,820 795 6,349 651 1,952 3,666 638 1,051 477 121 209 549 2,364 Other assets5 39,051 882 18,574 668 1,525 4,106 3,902 2,098 699 480 758 1,771 3,587 Interdistrict settlement account 0+ 48,885- 274,109+ 51,002+ 20,100- 93,798+ 23,835+ 56,090+ 18,433+ 11,756+ 8,130+ 42,296 + 87,380 Total assets 6,727,416 196,813 3,327,603 152,164 284,196 576,973 475,851 427,396 113,315 54,958 82,859 336,796 698,493 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, April 9, 2025 (continued) Millions of dollars Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco Liabilities Federal Reserve notes, net 2,327,269 83,730 749,978 57,948 118,624 166,049 360,581 105,662 77,602 30,187 36,239 202,224 338,443 Reverse repurchase agreements6 534,253 11,112 287,503 7,960 20,833 53,254 35,744 29,484 7,476 3,338 5,874 23,330 48,345 Deposits 4,036,642 100,128 2,409,287 88,267 149,838 384,351 77,090 306,049 26,925 21,392 40,999 110,855 321,461 Depository institutions 3,484,345 100,110 2,020,785 88,266 149,802 383,548 77,068 143,612 26,923 21,091 40,968 110,766 321,406 U.S. Treasury, General Account 315,189 0 315,189 0 0 0 0 0 0 0 0 0 0 Foreign official 9,434 2 9,408 1 4 8 1 2 1 0 0 1 5 Other7 227,675 16 63,905 0 32 795 21 162,435 1 301 30 88 50 Earnings remittances due to the U.S. Treasury8 -226,320 -4,756 -136,642 -3,751 -10,040 -36,072 104 -16,750 18 -384 -983 -1,170 -15,895 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 7,925 1,275 2,622 218 305 813 794 509 180 140 192 274 602 Total liabilities 6,683,229 194,949 3,312,749 150,642 279,559 568,395 474,312 424,955 112,201 54,673 82,321 335,514 692,958 Capital Capital paid in 37,402 1,577 12,566 1,287 3,933 7,257 1,308 2,062 942 241 463 1,084 4,683 Surplus 6,785 287 2,288 235 704 1,322 230 379 172 44 75 198 852 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 6,727,416 196,813 3,327,603 152,164 284,196 576,973 475,851 427,396 113,315 54,958 82,859 336,796 698,493 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, April 9, 2025 (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; the Paycheck Protection Program Liquidity Facility; 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: On July 15, 2020, the Federal Reserve Bank of Boston (FRBB) began extending loans to the MS Facilities 2020 LLC, under the authority of section 13(3) of the Federal Reserve Act. The LLC is 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 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 FRBB is the managing member of MS Facilities 2020 LLC. Consistent with generally accepted accounting principles, the assets and liabilities of the LLC have been accounted for and consolidated with the assets and liabilities of the FRBB, in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the loan from the FRBB to the LLC is eliminated as are any balances held at the Federal Reserve Bank of New York (FRBNY) for the LLC consolidated to the FRBB. Treasury contributions to credit facilities are held at FRBNY until invested. Net assets of the LLC appear as assets on table 6 (and in table 1 and table 5), and the liabilities of the LLC to entities other than the 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). Net portfolio holdings of the LLC include assets purchased pursuant to terms of the credit facility and the amount provided by U.S. Treasury as credit protection to the FRBB appear 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 Apr 9, 2025 Federal Reserve notes outstanding 2,800,137 Less: Notes held by F.R. Banks not subject to collateralization 472,868 Federal Reserve notes to be collateralized 2,327,269 Collateral held against Federal Reserve notes 2,327,269 Gold certificate account 11,037 Special drawing rights certificate account 15,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 2,301,032 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 6,410,842 Less: Face value of securities under reverse repurchase agreements 607,856 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 5,802,986 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.