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 June 5, 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 Jun 4, 2025 Federal Reserve Banks Jun 4, 2025 May 28, 2025 Jun 5, 2024 Reserve Bank credit 6,626,163 - 11,112 - 596,484 6,624,863 Securities held outright1 6,371,561 - 9,994 - 450,552 6,370,598 U.S. Treasury securities 4,213,052 - 613 - 252,071 4,212,090 Bills2 195,418 0 + 200 195,418 Notes and bonds, nominal2 3,593,581 - 818 - 208,393 3,592,490 Notes and bonds, inflation-indexed2 313,767 0 - 37,208 313,767 Inflation compensation3 110,286 + 205 - 6,670 110,414 Federal agency debt securities2 2,347 0 0 2,347 Mortgage-backed securities4 2,156,161 - 9,382 - 198,481 2,156,161 Unamortized premiums on securities held outright5 238,826 - 541 - 27,396 238,653 Unamortized discounts on securities held outright5 -24,062 - 6 + 1,270 -24,031 Repurchase agreements6 1 0 - 15 1 Foreign official 0 0 0 1 Others 1 0 - 15 0 Loans 4,514 + 771 - 112,885 4,668 Primary credit 2,656 + 712 - 3,843 2,885 Secondary credit 71 + 71 + 71 0 Seasonal credit 23 - 2 - 8 30 Paycheck Protection Program Liquidity Facility 1,763 - 11 - 1,152 1,753 Bank Term Funding Program 0 0 - 107,954 0 Other credit extensions7 0 0 0 0 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 5,293 - 196 - 6,071 5,297 Float -552 - 174 - 78 -899 Central bank liquidity swaps9 16 - 1 - 113 16 Other Federal Reserve assets10 30,567 - 971 - 644 30,559 Foreign currency denominated assets11 19,326 + 68 + 1,338 19,396 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 15,200 0 + 10,000 15,200 Treasury currency outstanding12 53,133 + 14 + 728 53,133 Total factors supplying reserve funds 6,724,863 - 11,029 - 584,418 6,723,632 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 Jun 4, 2025 Federal Reserve Banks Jun 4, 2025 May 28, 2025 Jun 5, 2024 Currency in circulation12 2,390,962 + 1,200 + 38,411 2,391,018 Reverse repurchase agreements13 605,560 + 78,005 - 186,477 543,927 Foreign official and international accounts 381,199 + 11,371 + 4,618 375,045 Others 224,362 + 66,635 - 191,093 168,882 Treasury cash holdings 520 - 31 + 101 466 Deposits with F.R. Banks, other than reserve balances 610,675 - 109,344 - 263,401 602,483 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 378,947 - 88,257 - 331,362 376,160 Foreign official 9,622 + 179 - 123 9,591 Other14 222,106 - 21,267 + 68,084 216,732 Treasury contributions to credit facilities15 2,029 - 205 - 2,929 2,029 Other liabilities and capital16 -179,264 - 4,375 - 56,193 -178,229 Total factors, other than reserve balances, absorbing reserve funds 3,430,482 - 34,750 - 470,488 3,361,695 Reserve balances with Federal Reserve Banks 3,294,381 + 23,720 - 113,929 3,361,938 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 Jun 4, 2025 Jun 4, 2025 May 28, 2025 Jun 5, 2024 Securities held in custody for foreign official and international accounts 3,250,107 - 9,739 - 73,741 3,255,085 Marketable U.S. Treasury securities1 2,902,059 - 9,083 - 30,120 2,906,955 Federal agency debt and mortgage-backed securities2 263,980 - 363 - 46,734 263,981 Other securities3 84,067 - 295 + 3,111 84,149 Securities lent to dealers 31,933 - 1,171 + 46 31,082 Overnight facility4 31,933 - 1,171 + 46 31,082 U.S. Treasury securities 31,933 - 1,171 + 46 31,082 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, June 4, 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 835 2,391 1,017 425 0 ... 4,668 U.S. Treasury securities2 Holdings 16,501 249,879 417,515 1,448,186 510,768 1,569,242 4,212,090 Weekly changes - 38,648 + 34,737 + 4,162 - 3,651 - 518 + 2,278 - 1,640 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 4,242 34,515 2,117,308 2,156,161 Weekly changes 0 0 0 + 113 + 529 - 642 0 Loan participations held by MS Facilities 2020 LLC (Main Street Lending Program)5 45 209 3,166 54 ... ... 3,475 Repurchase agreements6 1 0 ... ... ... ... 1 Central bank liquidity swaps7 16 0 0 0 0 0 16 Reverse repurchase agreements6 543,927 0 ... ... ... ... 543,927 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 Jun 4, 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 95 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 Jun 4, 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 2,551 2,746 5,297 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 Jun 4, 2025 May 28, 2025 Jun 5, 2024 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 15,200 0 + 10,000 Coin 1,449 - 3 - 27 Securities, unamortized premiums and discounts, repurchase agreements, and loans 6,589,890 - 1,231 - 586,171 Securities held outright1 6,370,598 - 1,641 - 447,627 U.S. Treasury securities 4,212,090 - 1,640 - 249,146 Bills2 195,418 0 + 200 Notes and bonds, nominal2 3,592,490 - 1,909 - 205,245 Notes and bonds, inflation-indexed2 313,767 0 - 37,344 Inflation compensation3 110,414 + 268 - 6,758 Federal agency debt securities2 2,347 0 0 Mortgage-backed securities4 2,156,161 0 - 198,481 Unamortized premiums on securities held outright5 238,653 - 407 - 27,341 Unamortized discounts on securities held outright5 -24,031 - 41 + 1,202 Repurchase agreements6 1 0 - 105 Loans7 4,668 + 857 - 112,300 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 5,297 + 6 - 6,076 Items in process of collection (0) 43 - 29 - 4 Bank premises 558 - 12 + 126 Central bank liquidity swaps9 16 - 1 - 113 Foreign currency denominated assets10 19,396 + 258 + 1,443 Other assets11 30,000 + 652 - 1,980 Total assets (0) 6,672,885 - 359 - 582,802 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 Jun 4, 2025 May 28, 2025 Jun 5, 2024 Liabilities Federal Reserve notes, net of F.R. Bank holdings 2,339,796 - 480 + 37,684 Reverse repurchase agreements12 543,927 - 184 - 201,918 Deposits (0) 3,964,421 + 3,724 - 359,446 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 3,361,938 + 67,924 - 95,800 U.S. Treasury, General Account 376,160 - 60,467 - 327,154 Foreign official 9,591 + 153 - 86 Other13 (0) 216,732 - 3,886 + 63,594 Deferred availability cash items (0) 941 + 171 + 177 Treasury contributions to credit facilities14 2,029 0 - 2,929 Other liabilities and accrued dividends15 -223,745 - 3,589 - 58,599 Total liabilities (0) 6,627,369 - 358 - 585,031 Capital accounts Capital paid in 38,731 - 2 + 2,229 Surplus 6,785 0 0 Other capital accounts 0 0 0 Total capital 45,516 - 2 + 2,229 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, June 4, 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 1,449 56 54 173 41 194 97 242 31 58 98 164 240 Securities, unamortized premiums and discounts, repurchase agreements, and loans1 6,589,890 151,621 3,495,537 129,966 269,134 592,670 435,606 334,363 99,451 44,663 63,232 295,795 677,852 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)2 5,297 5,297 0 0 0 0 0 0 0 0 0 0 0 Central bank liquidity swaps3 16 1 5 1 2 3 1 1 0 0 0 0 2 Foreign currency denominated assets4 19,396 819 6,543 671 2,012 3,778 657 1,083 491 125 215 566 2,436 Other assets5 30,601 752 13,782 657 1,226 3,001 3,280 1,517 805 416 611 1,428 3,126 Interdistrict settlement account 0- 4,808- 164,121+ 12,069- 17,072- 2,199+ 29,870+ 74,849+ 10,633+ 5,901+ 13,616+ 15,951 + 25,310 Total assets 6,672,885 154,636 3,359,866 144,351 256,581 599,338 473,206 413,775 112,206 51,610 78,511 316,199 712,606 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, June 4, 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 2,339,796 79,808 747,753 60,191 119,022 169,034 367,302 104,430 77,555 30,903 36,803 204,797 342,198 Reverse repurchase agreements6 543,927 12,524 288,665 10,731 22,167 48,952 35,973 27,594 8,207 3,633 5,220 24,397 55,866 Deposits 3,964,421 62,257 2,445,434 75,596 120,460 407,667 66,964 296,573 25,097 17,046 36,773 86,319 324,235 Depository institutions 3,361,938 62,240 2,005,439 75,595 120,442 407,071 66,937 135,044 25,094 16,954 36,746 86,207 324,169 U.S. Treasury, General Account 376,160 0 376,160 0 0 0 0 0 0 0 0 0 0 Foreign official 9,591 2 9,565 1 4 8 1 2 1 0 0 1 5 Other7 216,732 16 54,270 0 14 588 26 161,526 1 92 27 110 61 Earnings remittances due to the U.S. Treasury8 -231,235 -4,949 -139,488 -3,907 -10,029 -36,965 112 -17,813 17 -389 -1,061 -906 -15,858 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 8,432 1,095 2,647 219 320 886 1,305 528 200 144 194 266 628 Total liabilities 6,627,369 152,763 3,345,010 142,829 251,940 589,575 471,657 411,312 111,076 51,337 77,929 314,872 707,069 Capital Capital paid in 38,731 1,586 12,568 1,287 3,938 8,442 1,319 2,085 958 229 507 1,128 4,685 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 6,672,885 154,636 3,359,866 144,351 256,581 599,338 473,206 413,775 112,206 51,610 78,511 316,199 712,606 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, June 4, 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 Jun 4, 2025 Federal Reserve notes outstanding 2,804,679 Less: Notes held by F.R. Banks not subject to collateralization 464,883 Federal Reserve notes to be collateralized 2,339,796 Collateral held against Federal Reserve notes 2,339,796 Gold certificate account 11,037 Special drawing rights certificate account 15,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 2,313,559 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 6,370,599 Less: Face value of securities under reverse repurchase agreements 652,668 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 5,717,931 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.