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 May 15, 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 May 14, 2025 Federal Reserve Banks May 14, 2025 May 7, 2025 May 15, 2024 Reserve Bank credit 6,665,165 + 2,551 - 645,087 6,666,114 Securities held outright1 6,391,552 + 301 - 497,486 6,391,684 U.S. Treasury securities 4,216,260 + 300 - 298,392 4,216,393 Bills2 195,418 + 64 + 200 195,418 Notes and bonds, nominal2 3,597,436 + 21 - 256,781 3,597,490 Notes and bonds, inflation-indexed2 313,767 0 - 36,394 313,767 Inflation compensation3 109,638 + 215 - 5,418 109,717 Federal agency debt securities2 2,347 0 0 2,347 Mortgage-backed securities4 2,172,945 0 - 199,094 2,172,945 Unamortized premiums on securities held outright5 240,405 - 390 - 27,542 240,254 Unamortized discounts on securities held outright5 -23,652 + 37 + 1,303 -23,582 Repurchase agreements6 1 - 14 - 14 1 Foreign official 0 0 - 1 0 Others 1 - 14 - 13 1 Loans 4,146 - 405 - 115,533 3,999 Primary credit 2,342 - 397 - 4,055 2,194 Secondary credit 0 - 1 0 0 Seasonal credit 15 0 - 10 19 Paycheck Protection Program Liquidity Facility 1,788 - 8 - 1,154 1,786 Bank Term Funding Program 0 0 - 110,315 0 Other credit extensions7 0 0 0 0 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 6,823 + 10 - 7,256 6,829 Float -311 - 5 - 76 -422 Central bank liquidity swaps9 30 - 30 - 99 30 Other Federal Reserve assets10 46,170 + 3,047 + 1,616 47,321 Foreign currency denominated assets11 19,002 - 221 + 1,135 18,971 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 15,200 0 + 10,000 15,200 Treasury currency outstanding12 53,091 + 14 + 728 53,091 Total factors supplying reserve funds 6,763,498 + 2,343 - 633,224 6,764,417 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 May 14, 2025 Federal Reserve Banks May 14, 2025 May 7, 2025 May 15, 2024 Currency in circulation12 2,383,761 + 851 + 36,500 2,383,870 Reverse repurchase agreements13 508,086 - 8,307 - 331,916 519,213 Foreign official and international accounts 361,896 - 10,153 - 3,528 354,189 Others 146,190 + 1,846 - 328,388 165,024 Treasury cash holdings 506 + 7 + 62 506 Deposits with F.R. Banks, other than reserve balances 807,261 - 9,580 - 139,593 796,174 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 575,846 - 7,881 - 211,287 562,433 Foreign official 9,441 0 - 238 9,441 Other14 221,975 - 1,698 + 71,933 224,299 Treasury contributions to credit facilities15 3,461 0 - 3,977 3,461 Other liabilities and capital16 -175,299 + 2,286 - 60,276 -174,521 Total factors, other than reserve balances, absorbing reserve funds 3,527,776 - 14,743 - 499,199 3,528,702 Reserve balances with Federal Reserve Banks 3,235,723 + 17,087 - 134,024 3,235,715 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 May 14, 2025 May 14, 2025 May 7, 2025 May 15, 2024 Securities held in custody for foreign official and international accounts 3,265,818 - 1,744 - 71,359 3,263,679 Marketable U.S. Treasury securities1 2,910,616 - 2,170 - 30,626 2,909,440 Federal agency debt and mortgage-backed securities2 270,600 - 340 - 44,404 269,559 Other securities3 84,602 + 766 + 3,671 84,680 Securities lent to dealers 31,587 + 1,206 - 2,207 37,759 Overnight facility4 31,587 + 1,206 - 2,207 37,759 U.S. Treasury securities 31,587 + 1,206 - 2,207 37,759 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, May 14, 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 724 1,804 600 871 0 ... 3,999 U.S. Treasury securities2 Holdings 97,073 179,232 424,807 1,460,872 496,410 1,557,999 4,216,393 Weekly changes - 923 + 6,041 - 5,085 + 40,699 - 40,512 + 70 + 290 Federal agency debt securities3 Holdings 0 0 0 1,436 911 0 2,347 Weekly changes 0 0 0 + 285 - 285 0 0 Mortgage-backed securities4 Holdings 0 0 71 4,193 34,886 2,133,794 2,172,945 Weekly changes 0 0 0 0 0 0 0 Loan participations held by MS Facilities 2020 LLC (Main Street Lending Program)5 45 160 3,403 12 ... ... 3,620 Repurchase agreements6 1 0 ... ... ... ... 1 Central bank liquidity swaps7 30 0 0 0 0 0 30 Reverse repurchase agreements6 519,213 0 ... ... ... ... 519,213 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 May 14, 2025 Mortgage-backed securities held outright1 2,172,945 Residential mortgage-backed securities 2,164,964 Commercial mortgage-backed securities 7,981 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. 4. Information on Principal Accounts of Credit Facilities LLC Millions of dollars Wednesday May 14, 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) 2,556 2,651 4,177 6,829 Note: Components may not sum to totals because of rounding. 1. Book value. This amount was eliminated when preparing the Federal Reserve Banks' statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 6. Loans are extended from the Federal Reserve Bank to the LLC upon settlement of the investment activity. 2. Outstanding amount of facility asset purchases includes loan participations at face value, net of an allowance for credit losses, updated as of March 31, 2025. 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 May 14, 2025 May 7, 2025 May 15, 2024 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 15,200 0 + 10,000 Coin 1,474 - 16 - 21 Securities, unamortized premiums and discounts, repurchase agreements, and loans 6,612,356 - 360 - 611,828 Securities held outright1 6,391,684 + 289 - 470,736 U.S. Treasury securities 4,216,393 + 290 - 271,697 Bills2 195,418 0 + 200 Notes and bonds, nominal2 3,597,490 + 75 - 229,916 Notes and bonds, inflation-indexed2 313,767 0 - 36,394 Inflation compensation3 109,717 + 215 - 5,587 Federal agency debt securities2 2,347 0 0 Mortgage-backed securities4 2,172,945 0 - 199,038 Unamortized premiums on securities held outright5 240,254 - 412 - 27,524 Unamortized discounts on securities held outright5 -23,582 + 39 + 1,354 Repurchase agreements6 1 - 6 + 1 Loans7 3,999 - 270 - 114,923 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 6,829 + 7 - 6,944 Items in process of collection (0) 52 - 25 - 1 Bank premises 575 + 9 + 128 Central bank liquidity swaps9 30 - 30 - 100 Foreign currency denominated assets10 18,971 - 290 + 999 Other assets11 46,747 + 3,088 + 16,765 Total assets (0) 6,713,270 + 2,381 - 591,002 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 May 14, 2025 May 7, 2025 May 15, 2024 Liabilities Federal Reserve notes, net of F.R. Bank holdings 2,332,755 - 971 + 35,320 Reverse repurchase agreements12 519,213 - 5,341 - 307,997 Deposits (0) 4,031,889 + 6,430 - 254,106 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 3,235,715 + 35,096 - 180,671 U.S. Treasury, General Account 562,433 - 33,427 - 143,675 Foreign official 9,441 0 - 239 Other13 (0) 224,299 + 4,760 + 70,478 Deferred availability cash items (0) 474 + 67 + 82 Treasury contributions to credit facilities14 3,461 0 - 3,977 Other liabilities and accrued dividends15 -218,864 + 2,197 - 61,475 Total liabilities (0) 6,668,927 + 2,382 - 592,155 Capital accounts Capital paid in 37,558 0 + 1,153 Surplus 6,785 0 0 Other capital accounts 0 0 0 Total capital 44,343 0 + 1,153 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, May 14, 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 26,237 898 8,066 815 1,238 1,891 3,695 1,720 794 446 740 2,294 3,640 Coin 1,474 58 54 175 44 192 102 247 32 59 101 165 245 Securities, unamortized premiums and discounts, repurchase agreements, and loans1 6,612,356 152,168 3,507,795 130,438 270,075 594,809 437,121 335,486 99,806 44,825 63,451 296,536 679,846 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)2 6,829 6,829 0 0 0 0 0 0 0 0 0 0 0 Central bank liquidity swaps3 30 1 10 1 3 6 1 2 1 0 0 1 4 Foreign currency denominated assets4 18,971 801 6,400 656 1,968 3,695 643 1,059 481 122 210 554 2,383 Other assets5 47,373 1,141 22,646 989 1,907 4,524 4,401 2,364 1,057 548 775 2,176 4,845 Interdistrict settlement account 0- 11,166- 59,512+ 9,349- 19,884- 24,727+ 18,541+ 71,989+ 6,798+ 5,128+ 8,169+ 6,705 - 11,389 Total assets 6,713,270 150,730 3,485,459 142,423 255,349 580,388 464,504 412,868 108,969 51,129 73,447 308,430 679,573 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, May 14, 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 2,332,755 80,474 750,005 59,269 118,519 167,993 363,764 104,427 77,648 30,568 35,787 204,394 339,906 Reverse repurchase agreements6 519,213 11,955 275,549 10,243 21,159 46,728 34,339 26,340 7,834 3,468 4,983 23,288 53,327 Deposits 4,031,889 56,740 2,578,975 74,962 120,666 392,397 63,892 296,294 22,132 17,049 32,903 80,089 295,790 Depository institutions 3,235,715 56,723 1,950,824 74,961 120,647 391,772 63,865 129,309 22,130 16,941 32,873 79,928 295,742 U.S. Treasury, General Account 562,433 0 562,433 0 0 0 0 0 0 0 0 0 0 Foreign official 9,441 2 9,414 1 4 8 1 2 1 0 0 1 5 Other7 224,299 16 56,303 0 14 617 25 166,983 0 108 30 160 43 Earnings remittances due to the U.S. Treasury8 -229,176 -4,901 -138,189 -3,859 -10,051 -36,591 92 -17,424 8 -389 -1,033 -1,008 -15,832 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 10,785 1,130 4,261 285 414 1,274 868 767 217 160 225 339 845 Total liabilities 6,668,927 148,858 3,470,602 140,901 250,708 571,800 462,955 410,404 107,838 50,856 72,865 307,102 674,036 Capital Capital paid in 37,558 1,586 12,570 1,287 3,938 7,267 1,319 2,085 958 229 507 1,130 4,684 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 6,713,270 150,730 3,485,459 142,423 255,349 580,388 464,504 412,868 108,969 51,129 73,447 308,430 679,573 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, May 14, 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 May 14, 2025 Federal Reserve notes outstanding 2,803,622 Less: Notes held by F.R. Banks not subject to collateralization 470,867 Federal Reserve notes to be collateralized 2,332,755 Collateral held against Federal Reserve notes 2,332,755 Gold certificate account 11,037 Special drawing rights certificate account 15,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 2,306,518 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 6,391,685 Less: Face value of securities under reverse repurchase agreements 592,285 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 5,799,401 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.