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 August 14, 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 Aug 13, 2025 Federal Reserve Banks Aug 13, 2025 Aug 6, 2025 Aug 14, 2024 Reserve Bank credit 6,595,168 + 2,452 - 539,928 6,595,894 Securities held outright1 6,327,715 + 314 - 406,476 6,327,776 U.S. Treasury securities 4,204,705 + 323 - 208,967 4,204,823 Bills2 195,493 0 + 200 195,493 Notes and bonds, nominal2 3,589,699 0 - 167,729 3,589,699 Notes and bonds, inflation-indexed2 309,427 0 - 34,617 309,427 Inflation compensation3 110,085 + 322 - 6,822 110,204 Federal agency debt securities2 2,347 0 0 2,347 Mortgage-backed securities4 2,120,663 - 9 - 197,508 2,120,606 Unamortized premiums on securities held outright5 234,116 - 355 - 26,730 233,975 Unamortized discounts on securities held outright5 -23,802 - 69 + 849 -23,733 Repurchase agreements6 21 + 20 + 6 1 Foreign official 0 0 - 1 0 Others 21 + 20 + 6 1 Loans 6,446 - 549 - 99,157 6,090 Primary credit 4,986 - 554 + 2,674 4,623 Secondary credit 0 0 - 3 0 Seasonal credit 50 + 6 - 25 59 Paycheck Protection Program Liquidity Facility 1,409 - 2 - 1,185 1,408 Bank Term Funding Program 0 0 - 100,620 0 Other credit extensions7 0 0 0 0 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 4,477 + 5 - 6,416 4,481 Float -327 + 57 - 45 -375 Central bank liquidity swaps9 46 - 4 - 105 46 Other Federal Reserve assets10 46,476 + 3,033 - 1,853 47,634 Foreign currency denominated assets11 19,505 + 118 + 1,024 19,587 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 15,200 0 + 5,000 15,200 Treasury currency outstanding12 52,900 + 14 + 473 52,900 Total factors supplying reserve funds 6,693,814 + 2,584 - 533,431 6,694,622 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 Aug 13, 2025 Federal Reserve Banks Aug 13, 2025 Aug 6, 2025 Aug 14, 2024 Currency in circulation12 2,403,845 + 1,404 + 55,298 2,403,364 Reverse repurchase agreements13 421,504 - 62,199 - 288,759 402,201 Foreign official and international accounts 347,821 - 20,343 - 45,105 344,999 Others 73,683 - 41,856 - 243,654 57,202 Treasury cash holdings 430 + 18 + 32 426 Deposits with F.R. Banks, other than reserve balances 732,827 + 79,002 - 223,331 744,164 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 504,304 + 83,261 - 289,816 515,469 Foreign official 9,434 0 - 247 9,434 Other14 219,089 - 4,258 + 66,732 219,261 Treasury contributions to credit facilities15 2,029 0 - 2,929 2,029 Other liabilities and capital16 -186,870 - 3,197 - 47,652 -185,906 Total factors, other than reserve balances, absorbing reserve funds 3,373,764 + 15,027 - 507,343 3,366,277 Reserve balances with Federal Reserve Banks 3,320,050 - 12,442 - 26,088 3,328,346 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 Aug 13, 2025 Aug 13, 2025 Aug 6, 2025 Aug 14, 2024 Securities held in custody for foreign official and international accounts 3,203,755 - 21,624 - 92,065 3,193,145 Marketable U.S. Treasury securities1 2,866,898 - 21,330 - 48,007 2,856,708 Federal agency debt and mortgage-backed securities2 256,312 - 62 - 44,466 255,900 Other securities3 80,545 - 232 + 408 80,537 Securities lent to dealers 30,979 - 1,637 - 3,444 34,590 Overnight facility4 30,979 - 1,637 - 3,444 34,590 U.S. Treasury securities 30,979 - 1,637 - 3,444 34,590 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, August 13, 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 2,440 2,264 1,386 0 0 ... 6,090 U.S. Treasury securities2 Holdings 85,044 150,698 452,564 1,426,444 514,779 1,575,295 4,204,823 Weekly changes - 5,777 + 2,867 + 2,962 + 133 + 31 + 106 + 322 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 96 4,704 46,370 2,069,435 2,120,606 Weekly changes 0 0 0 0 0 - 67 - 66 Loan participations held by MS Facilities 2020 LLC (Main Street Lending Program)5 91 522 1,945 15 ... ... 2,573 Repurchase agreements6 1 0 ... ... ... ... 1 Central bank liquidity swaps7 46 0 0 0 0 0 46 Reverse repurchase agreements6 402,201 0 ... ... ... ... 402,201 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 Aug 13, 2025 Mortgage-backed securities held outright1 2,120,606 Residential mortgage-backed securities 2,112,689 Commercial mortgage-backed securities 7,917 Commitments to buy mortgage-backed securities2 0 Commitments to sell mortgage-backed securities2 78 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 Aug 13, 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) 1,626 1,941 2,539 4,481 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 June 30, 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 Aug 13, 2025 Aug 6, 2025 Aug 14, 2024 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 15,200 0 + 5,000 Coin 1,468 + 8 + 6 Securities, unamortized premiums and discounts, repurchase agreements, and loans 6,544,109 - 396 - 531,679 Securities held outright1 6,327,776 + 256 - 406,380 U.S. Treasury securities 4,204,823 + 322 - 208,862 Bills2 195,493 0 + 200 Notes and bonds, nominal2 3,589,699 0 - 167,729 Notes and bonds, inflation-indexed2 309,427 0 - 34,617 Inflation compensation3 110,204 + 323 - 6,716 Federal agency debt securities2 2,347 0 0 Mortgage-backed securities4 2,120,606 - 66 - 197,518 Unamortized premiums on securities held outright5 233,975 - 354 - 26,696 Unamortized discounts on securities held outright5 -23,733 - 69 + 837 Repurchase agreements6 1 - 4 + 1 Loans7 6,090 - 226 - 99,441 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 4,481 + 5 - 6,424 Items in process of collection (0) 54 - 9 + 13 Bank premises 564 + 3 + 140 Central bank liquidity swaps9 46 - 4 - 105 Foreign currency denominated assets10 19,587 + 82 + 1,014 Other assets11 47,069 + 3,082 - 2,038 Total assets (0) 6,643,615 + 2,772 - 534,073 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 Aug 13, 2025 Aug 6, 2025 Aug 14, 2024 Liabilities Federal Reserve notes, net of F.R. Bank holdings 2,352,354 - 1,195 + 54,610 Reverse repurchase agreements12 402,201 - 43,674 - 319,997 Deposits (0) 4,072,510 + 51,031 - 218,345 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 3,328,346 - 2,026 - 10,570 U.S. Treasury, General Account 515,469 + 51,154 - 273,354 Foreign official 9,434 0 - 249 Other13 (0) 219,261 + 1,902 + 65,829 Deferred availability cash items (0) 429 + 10 + 41 Treasury contributions to credit facilities14 2,029 0 - 2,929 Other liabilities and accrued dividends15 -231,649 - 3,397 - 49,786 Total liabilities (0) 6,597,872 + 2,772 - 536,408 Capital accounts Capital paid in 38,958 0 + 2,335 Surplus 6,785 0 0 Other capital accounts 0 0 0 Total capital 45,743 0 + 2,335 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, August 13, 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 1,468 51 49 177 45 198 115 241 36 60 95 157 246 Securities, unamortized premiums and discounts, repurchase agreements, and loans1 6,544,109 150,573 3,470,035 129,025 267,182 588,438 432,468 332,008 98,792 44,369 62,787 293,318 675,114 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)2 4,481 4,481 0 0 0 0 0 0 0 0 0 0 0 Central bank liquidity swaps3 46 2 16 2 5 9 2 3 1 0 1 1 6 Foreign currency denominated assets4 19,587 827 6,607 678 2,031 3,815 664 1,094 496 126 217 572 2,460 Other assets5 47,687 1,149 22,831 992 1,926 4,542 4,389 2,384 1,066 547 777 2,198 4,887 Interdistrict settlement account 0- 9,773- 131,361- 5,400+ 2,059- 27,889+ 28,181+ 64,363+ 6,999+ 7,769+ 14,093+ 12,812 + 38,147 Total assets 6,643,615 148,208 3,376,243 126,289 274,486 571,005 469,513 401,812 108,184 53,316 78,710 311,351 724,500 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, August 13, 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 2,352,354 79,427 738,255 62,566 117,769 173,222 373,294 109,919 77,037 31,852 39,267 207,157 342,589 Reverse repurchase agreements6 402,201 9,260 213,450 7,935 16,391 36,197 26,600 20,404 6,068 2,686 3,860 18,040 41,309 Deposits 4,072,510 59,665 2,550,993 58,094 145,565 388,961 67,163 287,615 23,709 18,764 35,993 85,181 350,809 Depository institutions 3,328,346 59,656 1,974,365 58,092 145,543 388,706 67,100 120,742 23,707 18,616 35,962 85,106 350,751 U.S. Treasury, General Account 515,469 0 515,469 0 0 0 0 0 0 0 0 0 0 Foreign official 9,434 2 9,407 1 4 8 1 2 1 0 0 1 5 Other7 219,261 7 51,751 0 17 247 62 166,870 1 148 30 75 53 Earnings remittances due to the U.S. Treasury8 -238,873 -5,109 -143,839 -4,016 -10,173 -38,197 98 -19,120 14 -404 -1,189 -600 -16,338 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 7,652 1,053 2,519 187 289 942 805 486 191 146 193 248 593 Total liabilities 6,597,872 146,325 3,361,377 124,766 269,840 561,125 467,960 399,304 107,019 53,043 78,124 310,027 718,962 Capital Capital paid in 38,958 1,596 12,577 1,288 3,942 8,558 1,323 2,130 993 229 511 1,126 4,686 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 6,643,615 148,208 3,376,243 126,289 274,486 571,005 469,513 401,812 108,184 53,316 78,710 311,351 724,500 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, August 13, 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 Aug 13, 2025 Federal Reserve notes outstanding 2,811,180 Less: Notes held by F.R. Banks not subject to collateralization 458,827 Federal Reserve notes to be collateralized 2,352,354 Collateral held against Federal Reserve notes 2,352,354 Gold certificate account 11,037 Special drawing rights certificate account 15,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 2,326,117 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 6,327,777 Less: Face value of securities under reverse repurchase agreements 453,638 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 5,874,139 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.