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 October 2, 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 Oct 1, 2025 Federal Reserve Banks Oct 1, 2025 Sep 24, 2025 Oct 2, 2024 Reserve Bank credit 6,543,657 - 16,830 - 477,988 6,538,825 Securities held outright1 6,288,212 - 16,547 - 371,907 6,284,715 U.S. Treasury securities 4,199,882 - 1,276 - 175,812 4,196,385 Bills2 195,493 0 + 200 195,493 Notes and bonds, nominal2 3,582,996 - 1,728 - 135,682 3,578,675 Notes and bonds, inflation-indexed2 309,752 + 300 - 34,442 310,501 Inflation compensation3 111,641 + 153 - 5,888 111,715 Federal agency debt securities2 2,347 0 0 2,347 Mortgage-backed securities4 2,085,983 - 15,271 - 196,095 2,085,983 Unamortized premiums on securities held outright5 230,683 - 704 - 26,042 230,559 Unamortized discounts on securities held outright5 -23,420 + 92 + 523 -23,366 Repurchase agreements6 857 + 853 + 477 0 Foreign official 0 0 0 0 Others 857 + 853 + 477 0 Loans 7,655 + 1,043 - 73,192 7,283 Primary credit 7,403 + 1,496 + 5,571 7,170 Secondary credit 0 0 - 3 0 Seasonal credit 66 - 7 - 6 37 Paycheck Protection Program Liquidity Facility 186 - 446 - 2,112 75 Bank Term Funding Program 0 0 - 76,643 0 Other credit extensions7 0 0 0 0 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 4,156 + 5 - 6,244 4,160 Float -497 - 209 + 125 -870 Central bank liquidity swaps9 40 - 12 - 117 40 Other Federal Reserve assets10 35,970 - 1,353 - 1,612 36,303 Foreign currency denominated assets11 19,545 - 97 + 644 19,639 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 15,200 0 + 5,000 15,200 Treasury currency outstanding12 52,696 + 14 + 236 52,696 Total factors supplying reserve funds 6,642,139 - 16,913 - 472,108 6,637,400 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 Oct 1, 2025 Federal Reserve Banks Oct 1, 2025 Sep 24, 2025 Oct 2, 2024 Currency in circulation12 2,411,052 + 2,221 + 60,244 2,412,488 Reverse repurchase agreements13 414,619 + 30,973 - 429,506 384,772 Foreign official and international accounts 373,897 + 5,328 - 47,552 374,593 Others 40,723 + 25,645 - 381,952 10,179 Treasury cash holdings 356 - 7 + 41 351 Deposits with F.R. Banks, other than reserve balances 1,036,189 - 15,935 + 64,417 1,045,825 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 805,139 + 283 + 6,862 819,378 Foreign official 9,437 + 2 - 245 9,434 Other14 221,613 - 16,221 + 57,801 217,013 Treasury contributions to credit facilities15 2,029 0 - 2,929 2,029 Other liabilities and capital16 -188,199 + 1,961 - 40,871 -187,658 Total factors, other than reserve balances, absorbing reserve funds 3,676,045 + 19,211 - 348,604 3,657,806 Reserve balances with Federal Reserve Banks 2,966,094 - 36,124 - 123,504 2,979,594 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 Oct 1, 2025 Oct 1, 2025 Sep 24, 2025 Oct 2, 2024 Securities held in custody for foreign official and international accounts 3,116,329 - 6,115 - 195,273 3,099,529 Marketable U.S. Treasury securities1 2,798,272 - 971 - 125,721 2,781,568 Federal agency debt and mortgage-backed securities2 238,918 - 5,135 - 58,598 238,918 Other securities3 79,139 - 9 - 10,954 79,043 Securities lent to dealers 40,601 + 4,586 + 7,386 43,148 Overnight facility4 40,601 + 4,586 + 7,386 43,148 U.S. Treasury securities 40,601 + 4,586 + 7,386 43,148 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, October 1, 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 2,247 4,968 68 0 0 ... 7,283 U.S. Treasury securities2 Holdings 41,628 158,247 489,002 1,414,656 505,977 1,586,877 4,196,385 Weekly changes - 15,408 - 641 + 29,616 - 22,666 + 3,501 + 773 - 4,827 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 72 4,657 44,216 2,037,009 2,085,983 Weekly changes 0 0 - 1 - 60 - 1,028 - 12,143 - 13,232 Loan participations held by MS Facilities 2020 LLC (Main Street Lending Program)5 255 1,955 59 15 ... ... 2,284 Repurchase agreements6 0 0 ... ... ... ... 0 Central bank liquidity swaps7 40 0 0 0 0 0 40 Reverse repurchase agreements6 384,772 0 ... ... ... ... 384,772 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 Oct 1, 2025 Mortgage-backed securities held outright1 2,085,983 Residential mortgage-backed securities 2,078,093 Commercial mortgage-backed securities 7,891 Commitments to buy mortgage-backed securities2 95 Commitments to sell mortgage-backed securities2 0 Cash and cash equivalents3 0 1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities. 2. Current face value. Includes residential and commercial mortgage-backed securities. Residential mortgage-backed securities generally settle within 180 calendar days and include commitments associated with outright transactions, dollar rolls, and coupon swaps. Commercial mortgage-backed securities generally settle within three business days. 3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5 and table 6. 4. Information on Principal Accounts of Credit Facilities LLC Millions of dollars Wednesday Oct 1, 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 1,743 2,417 4,160 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 Oct 1, 2025 Sep 24, 2025 Oct 2, 2024 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 15,200 0 + 5,000 Coin 1,481 - 3 - 33 Securities, unamortized premiums and discounts, repurchase agreements, and loans 6,499,191 - 19,825 - 457,787 Securities held outright1 6,284,715 - 18,059 - 364,092 U.S. Treasury securities 4,196,385 - 4,827 - 167,997 Bills2 195,493 0 + 200 Notes and bonds, nominal2 3,578,675 - 6,049 - 128,453 Notes and bonds, inflation-indexed2 310,501 + 1,049 - 33,894 Inflation compensation3 111,715 + 172 - 5,851 Federal agency debt securities2 2,347 0 0 Mortgage-backed securities4 2,085,983 - 13,232 - 196,095 Unamortized premiums on securities held outright5 230,559 - 620 - 25,999 Unamortized discounts on securities held outright5 -23,366 + 78 + 497 Repurchase agreements6 0 - 1 - 2 Loans7 7,283 - 1,222 - 68,192 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 4,160 + 5 - 6,247 Items in process of collection (0) 67 + 7 + 17 Bank premises 584 - 17 + 171 Central bank liquidity swaps9 40 - 12 - 117 Foreign currency denominated assets10 19,639 + 51 + 833 Other assets11 35,719 - 1,484 - 1,644 Total assets (0) 6,587,119 - 21,276 - 459,806 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 Oct 1, 2025 Sep 24, 2025 Oct 2, 2024 Liabilities Federal Reserve notes, net of F.R. Bank holdings 2,361,620 + 2,266 + 59,939 Reverse repurchase agreements12 384,772 - 24,530 - 414,482 Deposits (0) 4,025,419 - 1,318 - 61,835 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 2,979,594 - 20,098 - 117,616 U.S. Treasury, General Account 819,378 + 61,408 - 4,034 Foreign official 9,434 0 - 248 Other13 (0) 217,013 - 42,628 + 60,063 Deferred availability cash items (0) 937 + 533 - 9 Treasury contributions to credit facilities14 2,029 0 - 2,929 Other liabilities and accrued dividends15 -233,406 + 1,776 - 42,798 Total liabilities (0) 6,541,371 - 21,273 - 462,114 Capital accounts Capital paid in 38,962 - 4 + 2,307 Surplus 6,785 0 0 Other capital accounts 0 0 0 Total capital 45,747 - 4 + 2,307 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, October 1, 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 1,481 51 54 180 44 204 110 238 33 58 100 156 253 Securities, unamortized premiums and discounts, repurchase agreements, and loans1 6,499,191 149,478 3,447,343 128,164 264,599 584,267 429,395 329,518 98,057 43,525 62,387 291,521 670,938 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)2 4,160 4,160 0 0 0 0 0 0 0 0 0 0 0 Central bank liquidity swaps3 40 2 14 1 4 8 1 2 1 0 0 1 5 Foreign currency denominated assets4 19,639 829 6,626 680 2,037 3,825 665 1,096 497 126 218 573 2,466 Other assets5 36,371 888 16,925 771 1,474 3,521 3,660 1,816 703 461 686 1,700 3,764 Interdistrict settlement account 0+ 27,808- 157,967- 613+ 1,224- 63,554+ 34,452+ 67,380+ 9,999+ 12,612+ 17,715+ 33,590 + 17,356 Total assets 6,587,119 184,114 3,321,061 129,998 270,620 530,161 471,978 401,771 110,084 57,229 81,846 329,836 698,421 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, October 1, 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 2,361,620 78,725 734,673 64,071 117,754 173,429 372,007 111,823 79,248 33,457 40,540 208,827 347,067 Reverse repurchase agreements6 384,772 8,859 204,200 7,591 15,681 34,628 25,447 19,520 5,805 2,570 3,692 17,258 39,519 Deposits 4,025,419 96,639 2,509,243 60,635 142,500 350,147 71,532 287,178 23,646 21,193 38,076 102,479 322,151 Depository institutions 2,979,594 96,627 1,626,393 60,634 142,450 349,373 71,519 125,378 23,644 21,064 38,044 102,373 322,095 U.S. Treasury, General Account 819,378 0 819,378 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 217,013 11 54,065 0 46 766 11 161,797 1 129 31 104 51 Earnings remittances due to the U.S. Treasury8 -242,928 -5,223 -145,562 -4,067 -10,382 -39,067 91 -19,981 19 -425 -1,273 -413 -16,645 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 10,460 1,164 3,641 244 422 1,130 1,351 723 201 161 225 333 865 Total liabilities 6,541,371 182,193 3,306,196 128,474 265,974 520,268 470,427 399,262 108,919 56,957 81,260 328,484 692,959 Capital Capital paid in 38,962 1,635 12,577 1,290 3,942 8,571 1,321 2,130 993 229 511 1,154 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 6,587,119 184,114 3,321,061 129,998 270,620 530,161 471,978 401,771 110,084 57,229 81,846 329,836 698,421 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, October 1, 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 Oct 1, 2025 Federal Reserve notes outstanding 2,815,363 Less: Notes held by F.R. Banks not subject to collateralization 453,743 Federal Reserve notes to be collateralized 2,361,620 Collateral held against Federal Reserve notes 2,361,620 Gold certificate account 11,037 Special drawing rights certificate account 15,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 2,335,384 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 6,284,715 Less: Face value of securities under reverse repurchase agreements 430,365 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 5,854,350 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.