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 9, 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 8, 2025 Federal Reserve Banks Oct 8, 2025 Oct 1, 2025 Oct 9, 2024 Reserve Bank credit 6,540,206 - 3,451 - 464,194 6,543,440 Securities held outright1 6,284,888 - 3,324 - 363,972 6,284,989 U.S. Treasury securities 4,196,558 - 3,324 - 167,877 4,196,659 Bills2 195,493 0 + 200 195,493 Notes and bonds, nominal2 3,578,675 - 4,321 - 128,453 3,578,675 Notes and bonds, inflation-indexed2 310,501 + 749 - 33,894 310,501 Inflation compensation3 111,889 + 248 - 5,731 111,989 Federal agency debt securities2 2,347 0 0 2,347 Mortgage-backed securities4 2,085,983 0 - 196,095 2,085,983 Unamortized premiums on securities held outright5 230,330 - 353 - 25,945 230,215 Unamortized discounts on securities held outright5 -23,498 - 78 + 491 -23,432 Repurchase agreements6 634 - 223 + 619 2,098 Foreign official 572 + 572 + 572 2,000 Others 63 - 794 + 48 98 Loans 5,747 - 1,908 - 67,547 6,363 Primary credit 5,622 - 1,781 + 4,148 6,243 Secondary credit 4 + 4 + 4 0 Seasonal credit 45 - 21 - 10 45 Paycheck Protection Program Liquidity Facility 75 - 111 - 2,180 75 Bank Term Funding Program 0 0 - 69,511 0 Other credit extensions7 0 0 0 0 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 4,161 + 5 - 6,248 4,166 Float -302 + 195 - 36 -311 Central bank liquidity swaps9 45 + 5 - 110 45 Other Federal Reserve assets10 38,201 + 2,231 - 1,446 39,307 Foreign currency denominated assets11 19,572 + 27 + 1,112 19,278 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 15,200 0 + 5,000 15,200 Treasury currency outstanding12 52,710 + 14 + 247 52,710 Total factors supplying reserve funds 6,638,729 - 3,410 - 457,836 6,641,668 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 8, 2025 Federal Reserve Banks Oct 8, 2025 Oct 1, 2025 Oct 9, 2024 Currency in circulation12 2,414,035 + 2,983 + 60,448 2,416,556 Reverse repurchase agreements13 376,072 - 38,547 - 360,216 355,839 Foreign official and international accounts 359,466 - 14,431 - 44,959 350,608 Others 16,606 - 24,117 - 315,256 5,231 Treasury cash holdings 351 - 5 + 33 347 Deposits with F.R. Banks, other than reserve balances 1,038,940 + 2,751 + 71,467 1,023,676 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 807,428 + 2,289 + 5,313 794,054 Foreign official 9,434 - 3 - 249 9,434 Other14 222,078 + 465 + 66,403 220,188 Treasury contributions to credit facilities15 2,029 0 - 2,929 2,029 Other liabilities and capital16 -191,169 - 2,970 - 38,903 -190,633 Total factors, other than reserve balances, absorbing reserve funds 3,640,258 - 35,787 - 270,100 3,607,814 Reserve balances with Federal Reserve Banks 2,998,471 + 32,377 - 187,736 3,033,855 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 8, 2025 Oct 8, 2025 Oct 1, 2025 Oct 9, 2024 Securities held in custody for foreign official and international accounts 3,106,180 - 10,149 - 213,563 3,095,059 Marketable U.S. Treasury securities1 2,788,249 - 10,023 - 144,189 2,777,123 Federal agency debt and mortgage-backed securities2 238,931 + 13 - 58,733 238,938 Other securities3 79,000 - 139 - 10,641 78,998 Securities lent to dealers 39,249 - 1,352 + 6,963 40,704 Overnight facility4 39,249 - 1,352 + 6,963 40,704 U.S. Treasury securities 39,249 - 1,352 + 6,963 40,704 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 8, 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 4,029 2,266 68 0 0 ... 6,363 U.S. Treasury securities2 Holdings 33,916 187,121 467,883 1,414,768 506,004 1,586,967 4,196,659 Weekly changes - 7,712 + 28,874 - 21,119 + 112 + 27 + 90 + 274 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 43 58 4,868 44,802 2,036,211 2,085,983 Weekly changes 0 + 14 - 14 + 211 + 586 - 798 0 Loan participations held by MS Facilities 2020 LLC (Main Street Lending Program)5 266 1,980 0 18 ... ... 2,264 Repurchase agreements6 2,098 0 ... ... ... ... 2,098 Central bank liquidity swaps7 45 0 0 0 0 0 45 Reverse repurchase agreements6 355,839 0 ... ... ... ... 355,839 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 8, 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 149 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 8, 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 1,720 2,445 4,166 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 8, 2025 Oct 1, 2025 Oct 9, 2024 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 15,200 0 + 5,000 Coin 1,479 - 2 - 40 Securities, unamortized premiums and discounts, repurchase agreements, and loans 6,500,233 + 1,042 - 453,800 Securities held outright1 6,284,989 + 274 - 363,902 U.S. Treasury securities 4,196,659 + 274 - 167,807 Bills2 195,493 0 + 200 Notes and bonds, nominal2 3,578,675 0 - 128,453 Notes and bonds, inflation-indexed2 310,501 0 - 33,894 Inflation compensation3 111,989 + 274 - 5,662 Federal agency debt securities2 2,347 0 0 Mortgage-backed securities4 2,085,983 0 - 196,095 Unamortized premiums on securities held outright5 230,215 - 344 - 25,905 Unamortized discounts on securities held outright5 -23,432 - 66 + 478 Repurchase agreements6 2,098 + 2,098 + 2,097 Loans7 6,363 - 920 - 66,568 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 4,166 + 6 - 6,253 Items in process of collection (0) 71 + 4 - 243 Bank premises 586 + 2 + 167 Central bank liquidity swaps9 45 + 5 - 110 Foreign currency denominated assets10 19,278 - 361 + 881 Other assets11 38,721 + 3,002 - 1,626 Total assets (0) 6,590,815 + 3,696 - 456,025 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 8, 2025 Oct 1, 2025 Oct 9, 2024 Liabilities Federal Reserve notes, net of F.R. Bank holdings 2,365,668 + 4,048 + 60,398 Reverse repurchase agreements12 355,839 - 28,933 - 383,458 Deposits (0) 4,057,531 + 32,112 - 90,913 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 3,033,855 + 54,261 - 163,190 U.S. Treasury, General Account 794,054 - 25,324 + 6,659 Foreign official 9,434 0 - 248 Other13 (0) 220,188 + 3,175 + 65,865 Deferred availability cash items (0) 382 - 555 - 232 Treasury contributions to credit facilities14 2,029 0 - 2,929 Other liabilities and accrued dividends15 -236,405 - 2,999 - 41,215 Total liabilities (0) 6,545,044 + 3,673 - 458,349 Capital accounts Capital paid in 38,986 + 24 + 2,324 Surplus 6,785 0 0 Other capital accounts 0 0 0 Total capital 45,771 + 24 + 2,324 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 8, 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 1,479 51 55 180 42 202 109 237 32 59 99 158 255 Securities, unamortized premiums and discounts, repurchase agreements, and loans1 6,500,233 149,520 3,448,661 128,179 264,675 584,448 429,533 329,732 98,097 43,505 62,429 291,733 669,722 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)2 4,166 4,166 0 0 0 0 0 0 0 0 0 0 0 Central bank liquidity swaps3 45 2 15 2 5 9 2 3 1 0 1 1 6 Foreign currency denominated assets4 19,278 814 6,503 667 1,999 3,755 653 1,076 488 124 214 563 2,421 Other assets5 39,378 957 18,517 831 1,597 3,796 3,856 1,968 749 483 716 1,839 4,071 Interdistrict settlement account 0- 1,484- 163,148+ 178+ 18,550- 74,213+ 32,445+ 74,981+ 9,050+ 14,441+ 15,645+ 27,701 + 45,853 Total assets 6,590,815 154,924 3,318,669 130,851 288,106 519,887 470,293 409,717 109,211 59,058 79,843 324,289 725,967 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 8, 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 2,365,668 78,866 734,084 64,195 117,785 173,394 372,644 112,114 79,395 34,714 40,900 209,241 348,338 Reverse repurchase agreements6 355,839 8,193 188,845 7,020 14,501 32,024 23,534 18,052 5,369 2,377 3,415 15,961 36,548 Deposits 4,057,531 68,075 2,524,239 61,993 161,302 342,821 71,733 296,663 23,099 21,982 36,042 97,864 351,718 Depository institutions 3,033,855 68,071 1,668,742 61,992 161,282 342,105 71,720 129,526 23,097 21,864 36,008 97,786 351,662 U.S. Treasury, General Account 794,054 0 794,054 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 220,188 3 52,036 0 16 708 11 167,135 1 117 33 77 51 Earnings remittances due to the U.S. Treasury8 -243,450 -5,271 -145,619 -4,084 -10,443 -39,141 73 -20,114 -4 -435 -1,294 -401 -16,717 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 7,427 1,111 2,254 202 315 896 735 494 187 148 195 272 618 Total liabilities 6,545,044 153,003 3,303,803 129,327 283,460 509,994 468,718 407,209 108,046 58,786 79,256 322,937 720,505 Capital Capital paid in 38,986 1,635 12,577 1,290 3,942 8,571 1,345 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 6,590,815 154,924 3,318,669 130,851 288,106 519,887 470,293 409,717 109,211 59,058 79,843 324,289 725,967 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 8, 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 8, 2025 Federal Reserve notes outstanding 2,815,595 Less: Notes held by F.R. Banks not subject to collateralization 449,928 Federal Reserve notes to be collateralized 2,365,668 Collateral held against Federal Reserve notes 2,365,668 Gold certificate account 11,037 Special drawing rights certificate account 15,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 2,339,431 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 6,287,087 Less: Face value of securities under reverse repurchase agreements 380,003 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 5,907,084 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.