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 29, 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 28, 2025 Federal Reserve Banks May 28, 2025 May 21, 2025 May 29, 2024 Reserve Bank credit 6,637,275 - 6,399 - 623,065 6,625,647 Securities held outright1 6,381,555 - 6,084 - 474,384 6,372,239 U.S. Treasury securities 4,213,665 + 228 - 275,572 4,213,730 Bills2 195,418 0 + 200 195,418 Notes and bonds, nominal2 3,594,399 0 - 233,007 3,594,399 Notes and bonds, inflation-indexed2 313,767 0 - 36,394 313,767 Inflation compensation3 110,081 + 228 - 6,371 110,146 Federal agency debt securities2 2,347 0 0 2,347 Mortgage-backed securities4 2,165,543 - 6,312 - 198,812 2,156,161 Unamortized premiums on securities held outright5 239,367 - 591 - 27,433 239,060 Unamortized discounts on securities held outright5 -24,056 + 46 + 1,210 -23,990 Repurchase agreements6 1 0 0 1 Foreign official 0 0 - 1 0 Others 1 0 0 1 Loans 3,743 + 50 - 114,505 3,811 Primary credit 1,944 + 52 - 4,725 2,014 Secondary credit 0 0 0 0 Seasonal credit 25 + 5 - 10 23 Paycheck Protection Program Liquidity Facility 1,774 - 7 - 1,147 1,774 Bank Term Funding Program 0 0 - 108,622 0 Other credit extensions7 0 0 0 0 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 5,489 - 1,223 - 5,823 5,291 Float -378 - 97 - 9 -698 Central bank liquidity swaps9 17 + 2 - 95 17 Other Federal Reserve assets10 31,538 + 1,499 - 2,024 29,918 Foreign currency denominated assets11 19,258 + 228 + 1,365 19,138 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 15,200 0 + 10,000 15,200 Treasury currency outstanding12 53,119 + 14 + 728 53,119 Total factors supplying reserve funds 6,735,892 - 6,158 - 610,972 6,724,146 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 28, 2025 Federal Reserve Banks May 28, 2025 May 21, 2025 May 29, 2024 Currency in circulation12 2,389,762 + 5,581 + 37,816 2,391,418 Reverse repurchase agreements13 527,555 + 23,080 - 284,708 544,111 Foreign official and international accounts 369,828 + 8,079 - 3,934 370,470 Others 157,727 + 15,001 - 280,774 173,641 Treasury cash holdings 551 + 38 + 112 529 Deposits with F.R. Banks, other than reserve balances 720,019 - 18,243 - 165,074 666,683 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 467,204 - 35,851 - 237,131 436,627 Foreign official 9,443 + 3 - 241 9,438 Other14 243,373 + 17,606 + 72,299 220,618 Treasury contributions to credit facilities15 2,234 - 1,227 - 2,724 2,029 Other liabilities and capital16 -174,889 + 3,422 - 57,712 -174,639 Total factors, other than reserve balances, absorbing reserve funds 3,465,232 + 12,651 - 472,290 3,430,132 Reserve balances with Federal Reserve Banks 3,270,661 - 18,808 - 138,681 3,294,014 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 28, 2025 May 28, 2025 May 21, 2025 May 29, 2024 Securities held in custody for foreign official and international accounts 3,259,846 + 7,201 - 61,971 3,256,928 Marketable U.S. Treasury securities1 2,911,142 + 11,063 - 18,788 2,909,004 Federal agency debt and mortgage-backed securities2 264,343 - 3,767 - 46,522 263,971 Other securities3 84,362 - 94 + 3,340 83,952 Securities lent to dealers 33,104 + 1,127 + 802 33,153 Overnight facility4 33,104 + 1,127 + 802 33,153 U.S. Treasury securities 33,104 + 1,127 + 802 33,153 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 28, 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 929 1,435 810 637 0 ... 3,811 U.S. Treasury securities2 Holdings 55,149 215,142 413,353 1,451,837 511,286 1,566,964 4,213,730 Weekly changes - 5,311 + 4,722 + 622 + 87 + 25 + 70 + 215 Federal agency debt securities3 Holdings 0 0 0 1,436 911 0 2,347 Weekly changes 0 0 0 0 0 0 0 Mortgage-backed securities4 Holdings 0 0 97 4,129 33,986 2,117,950 2,156,161 Weekly changes 0 0 + 26 - 64 - 900 - 12,195 - 13,135 Loan participations held by MS Facilities 2020 LLC (Main Street Lending Program)5 45 152 3,309 12 ... ... 3,520 Repurchase agreements6 1 0 ... ... ... ... 1 Central bank liquidity swaps7 17 0 0 0 0 0 17 Reverse repurchase agreements6 544,111 0 ... ... ... ... 544,111 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 28, 2025 Mortgage-backed securities held outright1 2,156,161 Residential mortgage-backed securities 2,148,192 Commercial mortgage-backed securities 7,970 Commitments to buy mortgage-backed securities2 71 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 28, 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) 2,439 2,598 2,693 5,291 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 28, 2025 May 21, 2025 May 29, 2024 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 15,200 0 + 10,000 Coin 1,452 - 10 - 26 Securities, unamortized premiums and discounts, repurchase agreements, and loans 6,591,121 - 13,386 - 614,359 Securities held outright1 6,372,239 - 12,920 - 474,195 U.S. Treasury securities 4,213,730 + 215 - 275,714 Bills2 195,418 0 + 200 Notes and bonds, nominal2 3,594,399 0 - 233,007 Notes and bonds, inflation-indexed2 313,767 0 - 36,394 Inflation compensation3 110,146 + 215 - 6,513 Federal agency debt securities2 2,347 0 0 Mortgage-backed securities4 2,156,161 - 13,135 - 198,481 Unamortized premiums on securities held outright5 239,060 - 666 - 27,396 Unamortized discounts on securities held outright5 -23,990 + 42 + 1,201 Repurchase agreements6 1 0 - 4 Loans7 3,811 + 158 - 113,964 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 5,291 - 1,424 - 6,069 Items in process of collection (0) 72 - 3 + 19 Bank premises 570 - 6 + 125 Central bank liquidity swaps9 17 + 2 - 95 Foreign currency denominated assets10 19,138 - 120 + 1,305 Other assets11 29,348 - 534 - 1,975 Total assets (0) 6,673,244 - 15,482 - 611,075 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 28, 2025 May 21, 2025 May 29, 2024 Liabilities Federal Reserve notes, net of F.R. Bank holdings 2,340,276 + 4,874 + 37,286 Reverse repurchase agreements12 544,111 + 9,968 - 280,491 Deposits (0) 3,960,697 - 31,341 - 307,318 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 3,294,014 + 10,249 - 97,063 U.S. Treasury, General Account 436,627 - 39,259 - 279,393 Foreign official 9,438 + 1 - 246 Other13 (0) 220,618 - 2,332 + 69,385 Deferred availability cash items (0) 770 + 405 + 172 Treasury contributions to credit facilities14 2,029 - 1,432 - 2,929 Other liabilities and accrued dividends15 -220,156 + 2,044 - 60,122 Total liabilities (0) 6,627,727 - 15,481 - 613,402 Capital accounts Capital paid in 38,733 0 + 2,328 Surplus 6,785 0 0 Other capital accounts 0 0 0 Total capital 45,518 0 + 2,328 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 28, 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 1,452 57 54 173 41 193 100 244 30 59 99 160 242 Securities, unamortized premiums and discounts, repurchase agreements, and loans1 6,591,121 151,693 3,496,633 130,027 269,222 592,880 435,736 334,403 99,497 44,678 63,250 295,596 677,505 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)2 5,291 5,291 0 0 0 0 0 0 0 0 0 0 0 Central bank liquidity swaps3 17 1 6 1 2 3 1 1 0 0 0 0 2 Foreign currency denominated assets4 19,138 808 6,456 662 1,985 3,728 648 1,069 485 123 212 559 2,404 Other assets5 29,989 740 13,434 646 1,202 2,944 3,274 1,484 794 400 612 1,399 3,061 Interdistrict settlement account 0+ 10,379- 142,706+ 6,275- 20,477+ 367+ 23,851+ 77,132+ 8,730+ 4,006+ 11,387+ 10,555 + 10,501 Total assets 6,673,244 169,867 3,381,943 138,598 253,214 602,006 467,304 416,053 110,330 49,711 76,301 310,564 697,354 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 28, 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 2,340,276 79,736 750,897 59,783 119,075 168,990 365,458 104,296 77,806 30,746 36,594 204,842 342,053 Reverse repurchase agreements6 544,111 12,528 288,762 10,734 22,174 48,968 35,986 27,603 8,209 3,634 5,221 24,405 55,885 Deposits 3,960,697 77,503 2,462,147 70,177 116,961 409,785 63,042 298,612 22,963 15,294 34,732 80,601 308,881 Depository institutions 3,294,014 77,486 1,962,001 70,175 116,942 409,212 63,015 133,026 22,961 15,148 34,700 80,515 308,832 U.S. Treasury, General Account 436,627 0 436,627 0 0 0 0 0 0 0 0 0 0 Foreign official 9,438 2 9,412 1 4 8 1 2 1 0 0 1 5 Other7 220,618 16 54,107 0 15 565 25 165,585 1 146 31 85 44 Earnings remittances due to the U.S. Treasury8 -230,727 -4,924 -139,160 -3,895 -10,042 -36,866 73 -17,686 7 -388 -1,048 -945 -15,854 Treasury contributions to credit facilities9 2,029 2,029 0 0 0 0 0 0 0 0 0 0 0 Other liabilities and accrued dividends 11,341 1,123 4,438 277 404 1,366 1,197 764 214 153 219 333 852 Total liabilities 6,627,727 167,995 3,367,085 137,076 248,572 592,243 465,755 413,589 109,200 49,439 75,719 309,237 691,818 Capital Capital paid in 38,733 1,586 12,570 1,287 3,938 8,441 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 6,673,244 169,867 3,381,943 138,598 253,214 602,006 467,304 416,053 110,330 49,711 76,301 310,564 697,354 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 28, 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 28, 2025 Federal Reserve notes outstanding 2,804,143 Less: Notes held by F.R. Banks not subject to collateralization 463,867 Federal Reserve notes to be collateralized 2,340,276 Collateral held against Federal Reserve notes 2,340,276 Gold certificate account 11,037 Special drawing rights certificate account 15,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 2,314,039 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 6,372,240 Less: Face value of securities under reverse repurchase agreements 638,074 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 5,734,166 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.