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 September 18, 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 Sep 17, 2025 Federal Reserve Banks Sep 17, 2025 Sep 10, 2025 Sep 18, 2024 Reserve Bank credit 6,559,254 + 2,585 - 512,158 6,560,657 Securities held outright1 6,306,177 + 79 - 382,833 6,306,194 U.S. Treasury securities 4,201,010 + 105 - 185,885 4,201,064 Bills2 195,493 0 + 200 195,493 Notes and bonds, nominal2 3,584,724 - 43 - 145,553 3,584,724 Notes and bonds, inflation-indexed2 309,452 0 - 34,592 309,452 Inflation compensation3 111,340 + 148 - 5,941 111,395 Federal agency debt securities2 2,347 0 0 2,347 Mortgage-backed securities4 2,102,820 - 26 - 196,949 2,102,783 Unamortized premiums on securities held outright5 231,826 - 372 - 26,246 231,682 Unamortized discounts on securities held outright5 -23,628 + 102 + 746 -23,561 Repurchase agreements6 215 + 198 + 206 1 Foreign official 0 0 - 4 0 Others 215 + 199 + 211 1 Loans 5,860 - 329 - 94,794 6,550 Primary credit 4,652 - 125 + 3,216 5,533 Secondary credit 0 0 0 0 Seasonal credit 64 + 15 - 43 69 Paycheck Protection Program Liquidity Facility 1,143 - 221 - 1,276 948 Bank Term Funding Program 0 0 - 96,691 0 Other credit extensions7 0 0 0 0 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 4,215 - 44 - 6,332 4,151 Float -337 - 74 - 59 -342 Central bank liquidity swaps9 51 + 2 - 106 51 Other Federal Reserve assets10 34,876 + 3,024 - 2,739 35,932 Foreign currency denominated assets11 19,666 + 45 + 731 19,800 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 15,200 0 + 5,000 15,200 Treasury currency outstanding12 52,668 + 14 + 221 52,668 Total factors supplying reserve funds 6,657,829 + 2,644 - 506,206 6,659,366 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 Sep 17, 2025 Federal Reserve Banks Sep 17, 2025 Sep 10, 2025 Sep 18, 2024 Currency in circulation12 2,409,487 - 1,962 + 59,174 2,409,267 Reverse repurchase agreements13 371,255 + 611 - 330,185 371,571 Foreign official and international accounts 352,880 + 4,357 - 69,864 357,608 Others 18,375 - 3,746 - 260,321 13,963 Treasury cash holdings 371 - 12 + 33 364 Deposits with F.R. Banks, other than reserve balances 988,249 + 88,950 + 50,812 1,041,762 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 756,376 + 84,102 - 14,818 807,142 Foreign official 9,436 0 - 245 9,435 Other14 222,437 + 4,848 + 65,875 225,185 Treasury contributions to credit facilities15 2,029 0 - 2,929 2,029 Other liabilities and capital16 -186,918 + 2,476 - 43,187 -185,980 Total factors, other than reserve balances, absorbing reserve funds 3,584,474 + 90,063 - 266,280 3,639,013 Reserve balances with Federal Reserve Banks 3,073,355 - 87,419 - 239,926 3,020,352 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 Sep 17, 2025 Sep 17, 2025 Sep 10, 2025 Sep 18, 2024 Securities held in custody for foreign official and international accounts 3,119,892 - 21,194 - 195,209 3,119,250 Marketable U.S. Treasury securities1 2,792,782 - 20,754 - 144,405 2,792,652 Federal agency debt and mortgage-backed securities2 247,835 - 271 - 50,726 247,489 Other securities3 79,276 - 168 - 77 79,109 Securities lent to dealers 37,162 - 3,650 + 2,741 32,980 Overnight facility4 37,162 - 3,650 + 2,741 32,980 U.S. Treasury securities 37,162 - 3,650 + 2,741 32,980 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, September 17, 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 3,809 1,814 927 0 0 ... 6,550 U.S. Treasury securities2 Holdings 51,513 164,849 458,924 1,437,262 502,462 1,586,055 4,201,064 Weekly changes + 25,590 - 25,791 + 225 + 61 + 15 + 49 + 148 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 29 73 4,717 45,244 2,052,720 2,102,783 Weekly changes 0 0 0 0 0 - 63 - 63 Loan participations held by MS Facilities 2020 LLC (Main Street Lending Program)5 230 1,925 245 15 ... ... 2,415 Repurchase agreements6 1 0 ... ... ... ... 1 Central bank liquidity swaps7 51 0 0 0 0 0 51 Reverse repurchase agreements6 371,571 0 ... ... ... ... 371,571 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 Sep 17, 2025 Mortgage-backed securities held outright1 2,102,783 Residential mortgage-backed securities 2,094,885 Commercial mortgage-backed securities 7,898 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 Sep 17, 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) 1,281 1,826 2,324 4,151 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 Sep 17, 2025 Sep 10, 2025 Sep 18, 2024 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 15,200 0 + 5,000 Coin 1,489 + 11 - 27 Securities, unamortized premiums and discounts, repurchase agreements, and loans 6,520,866 - 449 - 497,512 Securities held outright1 6,306,194 + 85 - 379,888 U.S. Treasury securities 4,201,064 + 148 - 182,941 Bills2 195,493 0 + 200 Notes and bonds, nominal2 3,584,724 0 - 142,618 Notes and bonds, inflation-indexed2 309,452 0 - 34,592 Inflation compensation3 111,395 + 148 - 5,932 Federal agency debt securities2 2,347 0 0 Mortgage-backed securities4 2,102,783 - 63 - 196,947 Unamortized premiums on securities held outright5 231,682 - 392 - 26,216 Unamortized discounts on securities held outright5 -23,561 + 101 + 726 Repurchase agreements6 1 - 11 + 1 Loans7 6,550 - 232 - 92,135 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 4,151 - 112 - 6,234 Items in process of collection (0) 62 + 4 + 15 Bank premises 602 + 17 + 176 Central bank liquidity swaps9 51 + 2 - 106 Foreign currency denominated assets10 19,800 + 197 + 869 Other assets11 35,340 + 2,965 - 2,720 Total assets (0) 6,608,597 + 2,635 - 500,540 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 Sep 17, 2025 Sep 10, 2025 Sep 18, 2024 Liabilities Federal Reserve notes, net of F.R. Bank holdings 2,358,448 - 1,666 + 59,083 Reverse repurchase agreements12 371,571 - 11,385 - 352,034 Deposits (0) 4,062,125 + 12,986 - 161,708 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 3,020,363 - 130,550 - 196,459 U.S. Treasury, General Account 807,142 + 139,557 - 32,256 Foreign official 9,435 - 6 - 247 Other13 (0) 225,185 + 3,985 + 67,254 Deferred availability cash items (0) 404 + 36 + 9 Treasury contributions to credit facilities14 2,029 0 - 2,929 Other liabilities and accrued dividends15 -231,698 + 2,664 - 45,249 Total liabilities (0) 6,562,879 + 2,635 - 502,828 Capital accounts Capital paid in 38,934 0 + 2,289 Surplus 6,785 0 0 Other capital accounts 0 0 0 Total capital 45,719 0 + 2,289 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, September 17, 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 1,489 51 56 182 46 203 116 240 33 58 99 155 250 Securities, unamortized premiums and discounts, repurchase agreements, and loans1 6,520,866 150,053 3,457,617 128,612 265,846 586,274 430,911 330,632 98,403 44,198 62,668 292,555 673,096 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)2 4,151 4,151 0 0 0 0 0 0 0 0 0 0 0 Central bank liquidity swaps3 51 2 17 2 5 10 2 3 1 0 1 1 6 Foreign currency denominated assets4 19,800 836 6,679 685 2,054 3,856 671 1,106 502 127 219 578 2,487 Other assets5 36,004 877 16,627 762 1,454 3,463 3,620 1,799 907 432 682 1,676 3,704 Interdistrict settlement account 0+ 5,090- 106,827- 7,623- 6,373- 48,566+ 29,510+ 67,773+ 6,715+ 8,093+ 12,218+ 19,178 + 20,812 Total assets 6,608,597 161,958 3,382,235 123,434 264,270 547,132 468,525 403,273 107,355 53,355 76,626 316,438 703,995 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, September 17, 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 2,358,448 79,179 736,879 64,055 117,660 172,869 372,427 111,480 77,414 32,688 40,344 208,519 344,933 Reverse repurchase agreements6 371,571 8,555 197,194 7,331 15,143 33,440 24,574 18,850 5,606 2,482 3,566 16,666 38,163 Deposits 4,062,125 74,298 2,574,545 54,320 136,679 368,529 68,997 289,420 22,923 18,164 33,149 90,045 331,057 Depository institutions 3,020,363 74,282 1,704,907 54,319 136,658 368,038 68,967 118,100 22,914 18,064 33,122 89,984 331,008 U.S. Treasury, General Account 807,142 0 807,142 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 225,185 14 53,086 0 17 483 29 171,318 8 100 27 60 44 Earnings remittances due to the U.S. Treasury8 -241,713 -5,175 -145,209 -4,044 -10,290 -38,753 119 -19,725 28 -420 -1,247 -458 -16,540 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 10,419 1,151 3,960 248 432 1,155 856 740 220 169 228 342 919 Total liabilities 6,562,879 160,037 3,367,369 121,911 259,624 537,240 466,974 400,765 106,191 53,083 76,040 315,114 698,532 Capital Capital paid in 38,934 1,635 12,577 1,288 3,942 8,571 1,321 2,130 993 229 511 1,126 4,610 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 6,608,597 161,958 3,382,235 123,434 264,270 547,132 468,525 403,273 107,355 53,355 76,626 316,438 703,995 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, September 17, 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 Sep 17, 2025 Federal Reserve notes outstanding 2,813,343 Less: Notes held by F.R. Banks not subject to collateralization 454,895 Federal Reserve notes to be collateralized 2,358,448 Collateral held against Federal Reserve notes 2,358,448 Gold certificate account 11,037 Special drawing rights certificate account 15,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 2,332,211 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 6,306,195 Less: Face value of securities under reverse repurchase agreements 446,096 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 5,860,100 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.