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 28, 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 27, 2025 Federal Reserve Banks Aug 27, 2025 Aug 20, 2025 Aug 28, 2024 Reserve Bank credit 6,565,275 - 11,933 - 525,914 6,555,606 Securities held outright1 6,315,379 - 9,247 - 393,678 6,307,544 U.S. Treasury securities 4,202,233 - 58 - 196,518 4,202,351 Bills2 195,493 0 + 200 195,493 Notes and bonds, nominal2 3,586,582 - 381 - 155,855 3,586,582 Notes and bonds, inflation-indexed2 309,427 0 - 34,617 309,427 Inflation compensation3 110,731 + 323 - 6,247 110,849 Federal agency debt securities2 2,347 0 0 2,347 Mortgage-backed securities4 2,110,800 - 9,188 - 197,158 2,102,846 Unamortized premiums on securities held outright5 233,112 - 601 - 26,517 232,817 Unamortized discounts on securities held outright5 -23,847 + 51 + 911 -23,771 Repurchase agreements6 50 + 21 + 50 21 Foreign official 0 0 0 0 Others 50 + 21 + 50 21 Loans 6,149 + 38 - 97,407 5,660 Primary credit 4,683 + 40 + 2,918 4,191 Secondary credit 0 0 0 0 Seasonal credit 59 - 1 - 39 63 Paycheck Protection Program Liquidity Facility 1,407 0 - 1,128 1,406 Bank Term Funding Program 0 0 - 99,159 0 Other credit extensions7 0 0 0 0 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 4,250 - 32 - 6,387 4,254 Float -336 - 67 - 26 -555 Central bank liquidity swaps9 40 - 6 - 105 40 Other Federal Reserve assets10 30,477 - 2,092 - 2,757 29,596 Foreign currency denominated assets11 19,539 - 5 + 719 19,459 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 15,200 0 + 5,000 15,200 Treasury currency outstanding12 52,928 + 14 + 496 52,928 Total factors supplying reserve funds 6,663,983 - 11,924 - 519,699 6,654,234 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 27, 2025 Federal Reserve Banks Aug 27, 2025 Aug 20, 2025 Aug 28, 2024 Currency in circulation12 2,404,495 + 1,325 + 57,353 2,407,523 Reverse repurchase agreements13 388,200 - 1,562 - 352,304 393,155 Foreign official and international accounts 353,190 - 4,333 - 52,748 358,411 Others 35,010 + 2,771 - 299,555 34,744 Treasury cash holdings 394 - 29 + 19 310 Deposits with F.R. Banks, other than reserve balances 832,154 + 84,519 - 87,375 821,971 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 589,998 + 70,464 - 155,853 595,798 Foreign official 9,435 + 1 - 247 9,435 Other14 232,721 + 14,054 + 68,726 216,738 Treasury contributions to credit facilities15 2,029 0 - 2,929 2,029 Other liabilities and capital16 -188,256 - 3,852 - 45,865 -187,605 Total factors, other than reserve balances, absorbing reserve funds 3,439,015 + 80,400 - 431,101 3,437,382 Reserve balances with Federal Reserve Banks 3,224,967 - 92,325 - 88,599 3,216,851 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 27, 2025 Aug 27, 2025 Aug 20, 2025 Aug 28, 2024 Securities held in custody for foreign official and international accounts 3,165,844 - 658 - 134,532 3,169,787 Marketable U.S. Treasury securities1 2,838,187 + 6,804 - 84,081 2,842,499 Federal agency debt and mortgage-backed securities2 248,134 - 6,621 - 50,158 248,001 Other securities3 79,522 - 842 - 294 79,287 Securities lent to dealers 38,760 + 5,496 + 6,071 43,827 Overnight facility4 38,760 + 5,496 + 6,071 43,827 U.S. Treasury securities 38,760 + 5,496 + 6,071 43,827 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 27, 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 2,029 2,247 1,385 0 0 ... 5,660 U.S. Treasury securities2 Holdings 51,346 162,597 460,469 1,443,113 500,833 1,583,994 4,202,351 Weekly changes - 3,321 + 4,150 - 777 + 208 + 32 + 108 + 398 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 4,644 45,305 2,052,801 2,102,846 Weekly changes 0 0 0 - 60 - 1,065 - 12,793 - 13,918 Loan participations held by MS Facilities 2020 LLC (Main Street Lending Program)5 123 721 1,651 15 ... ... 2,509 Repurchase agreements6 21 0 ... ... ... ... 21 Central bank liquidity swaps7 40 0 0 0 0 0 40 Reverse repurchase agreements6 393,155 0 ... ... ... ... 393,155 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 days category has reached contractual maturity, and collection is expected based upon the terms of the PPPLF. 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 27, 2025 Mortgage-backed securities held outright1 2,102,846 Residential mortgage-backed securities 2,094,945 Commercial mortgage-backed securities 7,901 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 Aug 27, 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) 1,395 1,924 2,330 4,254 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 27, 2025 Aug 20, 2025 Aug 28, 2024 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 15,200 0 + 5,000 Coin 1,478 + 5 - 18 Securities, unamortized premiums and discounts, repurchase agreements, and loans 6,522,272 - 14,503 - 516,379 Securities held outright1 6,307,544 - 13,521 - 393,322 U.S. Treasury securities 4,202,351 + 398 - 196,370 Bills2 195,493 0 + 200 Notes and bonds, nominal2 3,586,582 + 75 - 155,812 Notes and bonds, inflation-indexed2 309,427 0 - 34,617 Inflation compensation3 110,849 + 323 - 6,142 Federal agency debt securities2 2,347 0 0 Mortgage-backed securities4 2,102,846 - 13,918 - 196,952 Unamortized premiums on securities held outright5 232,817 - 655 - 26,465 Unamortized discounts on securities held outright5 -23,771 + 74 + 898 Repurchase agreements6 21 - 180 + 21 Loans7 5,660 - 222 - 97,512 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 4,254 + 4 - 6,393 Items in process of collection (0) 50 - 6 + 4 Bank premises 568 0 + 136 Central bank liquidity swaps9 40 - 6 - 105 Foreign currency denominated assets10 19,459 - 61 + 653 Other assets11 29,028 - 463 - 2,750 Total assets (0) 6,603,384 - 15,031 - 519,854 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 27, 2025 Aug 20, 2025 Aug 28, 2024 Liabilities Federal Reserve notes, net of F.R. Bank holdings 2,356,378 + 3,571 + 56,972 Reverse repurchase agreements12 393,155 - 5,911 - 408,846 Deposits (0) 4,038,822 - 9,211 - 119,436 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 3,216,851 - 80,784 - 28,108 U.S. Treasury, General Account 595,798 + 69,735 - 161,279 Foreign official 9,435 0 - 244 Other13 (0) 216,738 + 1,838 + 70,196 Deferred availability cash items (0) 605 + 218 + 18 Treasury contributions to credit facilities14 2,029 0 - 2,929 Other liabilities and accrued dividends15 -233,348 - 3,697 - 47,966 Total liabilities (0) 6,557,641 - 15,031 - 522,187 Capital accounts Capital paid in 38,958 0 + 2,333 Surplus 6,785 0 0 Other capital accounts 0 0 0 Total capital 45,743 0 + 2,333 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 27, 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 1,478 50 56 178 45 204 112 240 34 58 96 159 245 Securities, unamortized premiums and discounts, repurchase agreements, and loans1 6,522,272 150,054 3,458,706 128,590 266,304 586,478 431,048 330,858 98,432 44,229 62,575 292,338 672,660 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)2 4,254 4,254 0 0 0 0 0 0 0 0 0 0 0 Central bank liquidity swaps3 40 2 13 1 4 8 1 2 1 0 0 1 5 Foreign currency denominated assets4 19,459 822 6,564 673 2,018 3,790 659 1,087 493 125 216 568 2,444 Other assets5 29,645 736 13,274 638 1,193 2,897 3,196 1,470 793 396 610 1,393 3,049 Interdistrict settlement account 0+ 2,133- 123,911- 6,359- 8,300- 35,282+ 32,898+ 64,577+ 5,717+ 8,109+ 16,795+ 19,424 + 24,199 Total assets 6,603,384 158,948 3,362,769 124,537 262,503 559,985 471,610 399,954 106,264 53,364 81,032 316,177 706,241 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 27, 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 2,356,378 79,145 737,518 63,737 117,465 172,832 374,064 110,928 76,732 32,341 39,396 207,904 344,317 Reverse repurchase agreements6 393,155 9,052 208,649 7,756 16,022 35,383 26,002 19,945 5,932 2,626 3,773 17,634 40,380 Deposits 4,038,822 70,916 2,543,924 55,367 134,335 379,503 68,933 285,458 22,234 18,389 38,293 89,606 331,865 Depository institutions 3,216,851 70,884 1,888,522 55,365 134,313 378,880 68,905 119,941 22,225 18,236 38,266 89,541 331,772 U.S. Treasury, General Account 595,798 0 595,798 0 0 0 0 0 0 0 0 0 0 Foreign official 9,435 2 9,409 1 4 8 1 2 1 0 0 1 5 Other7 216,738 30 50,195 0 18 615 27 165,514 8 153 27 64 88 Earnings remittances due to the U.S. Treasury8 -240,589 -5,143 -144,701 -4,037 -10,251 -38,560 84 -19,375 13 -410 -1,209 -550 -16,451 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 7,846 1,067 2,513 190 286 948 975 490 189 145 193 257 592 Total liabilities 6,557,641 157,066 3,347,903 123,014 257,857 550,106 470,058 397,446 105,100 53,091 80,446 314,852 700,703 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 6,603,384 158,948 3,362,769 124,537 262,503 559,985 471,610 399,954 106,264 53,364 81,032 316,177 706,241 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 27, 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 27, 2025 Federal Reserve notes outstanding 2,814,142 Less: Notes held by F.R. Banks not subject to collateralization 457,764 Federal Reserve notes to be collateralized 2,356,378 Collateral held against Federal Reserve notes 2,356,378 Gold certificate account 11,037 Special drawing rights certificate account 15,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 2,330,141 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 6,307,565 Less: Face value of securities under reverse repurchase agreements 452,246 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 5,855,320 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.