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 25, 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 24, 2025 Federal Reserve Banks Sep 24, 2025 Sep 17, 2025 Sep 25, 2024 Reserve Bank credit 6,560,487 + 1,233 - 495,428 6,560,682 Securities held outright1 6,304,759 - 1,418 - 376,200 6,302,774 U.S. Treasury securities 4,201,158 + 148 - 182,926 4,201,212 Bills2 195,493 0 + 200 195,493 Notes and bonds, nominal2 3,584,724 0 - 142,618 3,584,724 Notes and bonds, inflation-indexed2 309,452 0 - 34,592 309,452 Inflation compensation3 111,488 + 148 - 5,918 111,543 Federal agency debt securities2 2,347 0 0 2,347 Mortgage-backed securities4 2,101,254 - 1,566 - 193,274 2,099,215 Unamortized premiums on securities held outright5 231,387 - 439 - 26,067 231,179 Unamortized discounts on securities held outright5 -23,512 + 116 + 635 -23,444 Repurchase agreements6 4 - 211 - 15 1 Foreign official 0 0 0 0 Others 4 - 211 - 15 1 Loans 6,612 + 752 - 85,900 8,505 Primary credit 5,907 + 1,255 + 4,521 7,821 Secondary credit 0 0 0 0 Seasonal credit 73 + 9 - 25 73 Paycheck Protection Program Liquidity Facility 632 - 511 - 1,719 611 Bank Term Funding Program 0 0 - 88,676 0 Other credit extensions7 0 0 0 0 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 4,151 - 64 - 6,236 4,155 Float -288 + 49 - 24 -344 Central bank liquidity swaps9 52 + 1 - 101 52 Other Federal Reserve assets10 37,323 + 2,447 - 1,519 37,804 Foreign currency denominated assets11 19,642 - 24 + 754 19,588 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 15,200 0 + 5,000 15,200 Treasury currency outstanding12 52,682 + 14 + 228 52,682 Total factors supplying reserve funds 6,659,052 + 1,223 - 489,445 6,659,192 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 24, 2025 Federal Reserve Banks Sep 24, 2025 Sep 17, 2025 Sep 25, 2024 Currency in circulation12 2,408,831 - 656 + 59,516 2,410,199 Reverse repurchase agreements13 383,646 + 12,391 - 405,410 409,302 Foreign official and international accounts 368,569 + 15,689 - 61,163 380,130 Others 15,078 - 3,297 - 344,246 29,172 Treasury cash holdings 363 - 8 + 38 356 Deposits with F.R. Banks, other than reserve balances 1,052,124 + 63,875 + 67,434 1,027,045 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 804,856 + 48,480 - 1,915 757,970 Foreign official 9,435 - 1 - 246 9,434 Other14 237,834 + 15,397 + 69,597 259,641 Treasury contributions to credit facilities15 2,029 0 - 2,929 2,029 Other liabilities and capital16 -190,160 - 3,242 - 41,163 -189,431 Total factors, other than reserve balances, absorbing reserve funds 3,656,834 + 72,360 - 322,514 3,659,500 Reserve balances with Federal Reserve Banks 3,002,218 - 71,137 - 166,931 2,999,692 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 24, 2025 Sep 24, 2025 Sep 17, 2025 Sep 25, 2024 Securities held in custody for foreign official and international accounts 3,122,444 + 2,552 - 194,492 3,119,209 Marketable U.S. Treasury securities1 2,799,243 + 6,461 - 140,859 2,800,561 Federal agency debt and mortgage-backed securities2 244,053 - 3,782 - 53,410 239,476 Other securities3 79,148 - 128 - 222 79,172 Securities lent to dealers 36,015 - 1,147 + 3,983 41,691 Overnight facility4 36,015 - 1,147 + 3,983 41,691 U.S. Treasury securities 36,015 - 1,147 + 3,983 41,691 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 24, 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 2,300 5,614 591 0 0 ... 8,505 U.S. Treasury securities2 Holdings 57,036 158,888 459,386 1,437,322 502,476 1,586,104 4,201,212 Weekly changes + 5,523 - 5,961 + 462 + 60 + 14 + 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 2,049,152 2,099,215 Weekly changes 0 0 0 0 0 - 3,568 - 3,568 Loan participations held by MS Facilities 2020 LLC (Main Street Lending Program)5 257 2,059 5 15 ... ... 2,336 Repurchase agreements6 1 0 ... ... ... ... 1 Central bank liquidity swaps7 52 0 0 0 0 0 52 Reverse repurchase agreements6 409,302 0 ... ... ... ... 409,302 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 24, 2025 Mortgage-backed securities held outright1 2,099,215 Residential mortgage-backed securities 2,091,317 Commercial mortgage-backed securities 7,898 Commitments to buy mortgage-backed securities2 71 Commitments to sell mortgage-backed securities2 0 Cash and cash equivalents3 0 1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities. 2. Current face value. Includes residential and commercial mortgage-backed securities. Residential mortgage-backed securities generally settle within 180 calendar days and include commitments associated with outright transactions, dollar rolls, and coupon swaps. Commercial mortgage-backed securities generally settle within three business days. 3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5 and table 6. 4. Information on Principal Accounts of Credit Facilities LLC Millions of dollars Wednesday Sep 24, 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 1,795 2,359 4,155 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 24, 2025 Sep 17, 2025 Sep 25, 2024 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 15,200 0 + 5,000 Coin 1,484 - 5 - 37 Securities, unamortized premiums and discounts, repurchase agreements, and loans 6,519,016 - 1,850 - 472,292 Securities held outright1 6,302,774 - 3,420 - 365,781 U.S. Treasury securities 4,201,212 + 148 - 182,918 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 111,543 + 148 - 5,909 Federal agency debt securities2 2,347 0 0 Mortgage-backed securities4 2,099,215 - 3,568 - 182,863 Unamortized premiums on securities held outright5 231,179 - 503 - 25,839 Unamortized discounts on securities held outright5 -23,444 + 117 + 610 Repurchase agreements6 1 0 - 60 Loans7 8,505 + 1,955 - 81,222 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 4,155 + 4 - 6,241 Items in process of collection (0) 60 - 2 + 16 Bank premises 601 - 1 + 167 Central bank liquidity swaps9 52 + 1 - 101 Foreign currency denominated assets10 19,588 - 212 + 735 Other assets11 37,203 + 1,863 + 1,089 Total assets (0) 6,608,395 - 202 - 471,664 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 24, 2025 Sep 17, 2025 Sep 25, 2024 Liabilities Federal Reserve notes, net of F.R. Bank holdings 2,359,354 + 906 + 59,998 Reverse repurchase agreements12 409,302 + 37,731 - 424,012 Deposits (0) 4,026,737 - 35,388 - 63,958 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 2,999,692 - 20,671 - 141,873 U.S. Treasury, General Account 757,970 - 49,172 - 20,940 Foreign official 9,434 - 1 - 247 Other13 (0) 259,641 + 34,456 + 99,103 Deferred availability cash items (0) 404 0 + 63 Treasury contributions to credit facilities14 2,029 0 - 2,929 Other liabilities and accrued dividends15 -235,182 - 3,484 - 43,155 Total liabilities (0) 6,562,644 - 235 - 473,992 Capital accounts Capital paid in 38,966 + 32 + 2,328 Surplus 6,785 0 0 Other capital accounts 0 0 0 Total capital 45,751 + 32 + 2,328 Note: Components may not sum to totals because of rounding. 1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. 2. Face value of the securities. 3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities. 5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency debt securities, and mortgage-backed securities, amortization is on an effective-interest basis. 6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. 7. Loans includes primary, secondary, and seasonal loans and credit extended through the Paycheck Protection Program Liquidity Facility, Bank Term Funding Program, and other credit extensions. 8. Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury contributions to the facility. Refer to note on consolidation below. 9. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 10. Revalued daily at current foreign currency exchange rates. 11. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable. 12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 13. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as fiscal agents of the United States. 14. Book value. Amount of equity investments in MS Facilities 2020 LLC. 15. Includes the liability for earnings remittances due to the U.S. Treasury.

H.4.1 6. Statement of Condition of Each Federal Reserve Bank, September 24, 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 1,484 51 55 182 45 205 111 238 33 59 99 154 252 Securities, unamortized premiums and discounts, repurchase agreements, and loans1 6,519,016 149,925 3,457,059 128,542 265,356 585,936 430,634 330,531 98,370 44,197 62,546 292,267 673,652 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)2 4,155 4,155 0 0 0 0 0 0 0 0 0 0 0 Central bank liquidity swaps3 52 2 17 2 5 10 2 3 1 0 1 2 6 Foreign currency denominated assets4 19,588 827 6,608 678 2,031 3,815 664 1,094 496 126 217 572 2,460 Other assets5 37,864 926 17,733 803 1,534 3,662 3,741 1,894 727 457 702 1,769 3,916 Interdistrict settlement account 0+ 9,527- 107,715- 6,808- 4,353- 62,149+ 31,768+ 63,726+ 7,917+ 9,564+ 14,831+ 20,074 + 23,618 Total assets 6,608,395 166,312 3,381,823 124,213 265,857 533,371 470,614 399,206 108,339 54,850 79,135 317,131 707,544 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 24, 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 2,359,354 78,922 735,725 64,084 117,619 173,007 372,510 111,425 78,840 32,994 40,438 208,463 345,327 Reverse repurchase agreements6 409,302 9,424 217,219 8,075 16,680 36,836 27,070 20,764 6,175 2,734 3,928 18,359 42,039 Deposits 4,026,737 78,104 2,557,022 54,386 136,933 351,689 68,610 283,864 21,947 19,121 35,243 89,122 330,698 Depository institutions 2,999,692 78,098 1,697,029 54,384 136,912 351,130 68,583 118,238 21,943 18,490 35,204 89,033 330,648 U.S. Treasury, General Account 757,970 0 757,970 0 0 0 0 0 0 0 0 0 0 Foreign official 9,434 2 9,408 1 4 8 1 2 1 0 0 1 5 Other7 259,641 4 92,615 0 17 551 26 165,624 3 630 38 88 44 Earnings remittances due to the U.S. Treasury8 -242,261 -5,201 -145,378 -4,052 -10,328 -38,866 90 -19,844 10 -422 -1,256 -431 -16,582 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 7,483 1,113 2,370 197 306 813 784 489 202 151 197 261 601 Total liabilities 6,562,644 164,391 3,366,957 122,690 261,211 523,478 469,063 396,697 107,174 54,577 78,549 315,774 702,081 Capital Capital paid in 38,966 1,635 12,577 1,288 3,942 8,571 1,321 2,130 993 229 511 1,159 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 6,608,395 166,312 3,381,823 124,213 265,857 533,371 470,614 399,206 108,339 54,850 79,135 317,131 707,544 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 24, 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 24, 2025 Federal Reserve notes outstanding 2,814,777 Less: Notes held by F.R. Banks not subject to collateralization 455,423 Federal Reserve notes to be collateralized 2,359,354 Collateral held against Federal Reserve notes 2,359,354 Gold certificate account 11,037 Special drawing rights certificate account 15,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 2,333,117 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 6,302,775 Less: Face value of securities under reverse repurchase agreements 499,012 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 5,803,763 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.