H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE statistical release For Release at 4:30 P.M. Eastern Time October 30, 2025 In table 4, the outstanding amount of facility asset purchases for MS Facilities 2020 LLC (Main Street Lending Program) reflects the quarterly update to the allowance for credit losses. The allowance for credit losses was estimated based upon the Main Street Lending Program holdings as of September 30, 2025.

FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks October 30, 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 29, 2025 Federal Reserve Banks Oct 29, 2025 Oct 22, 2025 Oct 30, 2024 Reserve Bank credit 6,540,564 - 4,389 - 433,806 6,538,793 Securities held outright1 6,276,174 - 7,146 - 351,705 6,269,049 U.S. Treasury securities 4,196,639 + 208 - 161,123 4,196,739 Bills2 195,493 0 + 200 195,493 Notes and bonds, nominal2 3,580,809 - 65 - 123,631 3,580,809 Notes and bonds, inflation-indexed2 308,198 0 - 32,740 308,198 Inflation compensation3 112,139 + 272 - 4,953 112,239 Federal agency debt securities2 2,347 0 0 2,347 Mortgage-backed securities4 2,077,187 - 7,355 - 190,583 2,069,963 Unamortized premiums on securities held outright5 229,015 - 542 - 25,527 228,737 Unamortized discounts on securities held outright5 -23,240 + 100 + 519 -23,166 Repurchase agreements6 4,210 + 2,302 + 4,201 10,311 Foreign official 0 - 1 - 1 0 Others 4,210 + 2,303 + 4,201 10,311 Loans 7,058 + 150 - 55,395 8,007 Primary credit 6,943 + 155 + 5,476 7,894 Secondary credit 0 0 0 0 Seasonal credit 44 - 3 - 15 43 Paycheck Protection Program Liquidity Facility 71 - 2 - 2,022 70 Bank Term Funding Program 0 0 - 58,833 0 Other credit extensions7 0 0 0 0 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 3,827 - 150 - 6,320 3,834 Float -384 - 113 + 32 -1,061 Central bank liquidity swaps9 26 - 11 - 131 26 Other Federal Reserve assets10 43,879 + 1,022 + 521 43,055 Foreign currency denominated assets11 19,330 - 87 + 1,204 19,393 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 15,200 0 + 5,000 15,200 Treasury currency outstanding12 52,752 + 14 + 277 52,752 Total factors supplying reserve funds 6,638,887 - 4,462 - 427,325 6,637,178 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 29, 2025 Federal Reserve Banks Oct 29, 2025 Oct 22, 2025 Oct 30, 2024 Currency in circulation12 2,417,314 - 274 + 62,994 2,418,200 Reverse repurchase agreements13 359,182 + 10,209 - 261,549 367,413 Foreign official and international accounts 350,826 + 6,696 - 40,102 347,909 Others 8,355 + 3,512 - 221,447 19,504 Treasury cash holdings 298 - 43 - 38 301 Deposits with F.R. Banks, other than reserve balances 1,201,065 + 68,406 + 199,065 1,209,529 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 957,990 + 49,989 + 122,753 983,859 Foreign official 9,435 0 - 248 9,435 Other14 233,641 + 18,418 + 76,562 216,235 Treasury contributions to credit facilities15 2,029 0 - 2,929 2,029 Other liabilities and capital16 -189,022 + 2,255 - 35,932 -188,204 Total factors, other than reserve balances, absorbing reserve funds 3,790,865 + 80,552 - 38,389 3,809,269 Reserve balances with Federal Reserve Banks 2,848,021 - 85,016 - 388,937 2,827,909 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 29, 2025 Oct 29, 2025 Oct 22, 2025 Oct 30, 2024 Securities held in custody for foreign official and international accounts 3,084,714 + 23,289 - 244,427 3,102,268 Marketable U.S. Treasury securities1 2,768,263 + 24,595 - 173,400 2,787,185 Federal agency debt and mortgage-backed securities2 237,704 - 944 - 61,084 237,229 Other securities3 78,748 - 361 - 9,943 77,854 Securities lent to dealers 33,389 + 1,044 + 704 38,259 Overnight facility4 33,389 + 1,044 + 704 38,259 U.S. Treasury securities 33,389 + 1,044 + 704 38,259 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 29, 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 3,372 4,573 62 0 0 ... 8,007 U.S. Treasury securities2 Holdings 66,333 190,102 432,478 1,413,369 506,810 1,587,647 4,196,739 Weekly changes + 7,493 - 4,716 - 2,733 + 111 + 28 + 90 + 272 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 4,794 43,797 2,021,271 2,069,963 Weekly changes 0 0 0 - 74 - 1,005 - 11,563 - 12,643 Loan participations held by MS Facilities 2020 LLC (Main Street Lending Program)5 340 1,745 3 40 ... ... 2,127 Repurchase agreements6 10,311 0 ... ... ... ... 10,311 Central bank liquidity swaps7 26 0 0 0 0 0 26 Reverse repurchase agreements6 367,413 0 ... ... ... ... 367,413 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. A component of loan participations held by MS Facilities 2020 LLC presented in the Within 15 days category has reached contractual maturity, and collectability is assessed in accordance with the MS Facilities 2020 LLC policy. 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 29, 2025 Mortgage-backed securities held outright1 2,069,963 Residential mortgage-backed securities 2,062,093 Commercial mortgage-backed securities 7,870 Commitments to buy mortgage-backed securities2 78 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 29, 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) 1,087 1,435 2,399 3,834 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 September 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 29, 2025 Oct 22, 2025 Oct 30, 2024 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 15,200 0 + 5,000 Coin 1,466 - 3 - 29 Securities, unamortized premiums and discounts, repurchase agreements, and loans 6,492,938 - 2,036 - 425,361 Securities held outright1 6,269,049 - 12,371 - 357,086 U.S. Treasury securities 4,196,739 + 272 - 161,086 Bills2 195,493 0 + 200 Notes and bonds, nominal2 3,580,809 0 - 123,638 Notes and bonds, inflation-indexed2 308,198 0 - 32,758 Inflation compensation3 112,239 + 272 - 4,891 Federal agency debt securities2 2,347 0 0 Mortgage-backed securities4 2,069,963 - 12,643 - 196,000 Unamortized premiums on securities held outright5 228,737 - 620 - 25,592 Unamortized discounts on securities held outright5 -23,166 + 106 + 515 Repurchase agreements6 10,311 + 10,310 + 10,280 Loans7 8,007 + 539 - 53,478 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 3,834 - 146 - 6,324 Items in process of collection (0) 84 + 15 + 14 Bank premises 637 + 5 + 207 Central bank liquidity swaps9 26 - 11 - 131 Foreign currency denominated assets10 19,393 + 59 + 1,238 Other assets11 42,419 - 382 - 1,069 Total assets (0) 6,587,034 - 2,499 - 426,456 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 29, 2025 Oct 22, 2025 Oct 30, 2024 Liabilities Federal Reserve notes, net of F.R. Bank holdings 2,367,211 + 563 + 62,014 Reverse repurchase agreements12 367,413 + 12,989 - 259,594 Deposits (0) 4,037,439 - 19,145 - 189,898 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 2,827,910 - 101,727 - 387,884 U.S. Treasury, General Account 983,859 + 78,785 + 136,722 Foreign official 9,435 0 - 249 Other13 (0) 216,235 + 3,797 + 61,513 Deferred availability cash items (0) 1,145 + 753 - 249 Treasury contributions to credit facilities14 2,029 0 - 2,929 Other liabilities and accrued dividends15 -233,991 + 2,336 - 38,094 Total liabilities (0) 6,541,246 - 2,504 - 428,750 Capital accounts Capital paid in 39,002 + 5 + 2,293 Surplus 6,785 0 0 Other capital accounts 0 0 0 Total capital 45,787 + 5 + 2,293 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 29, 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 1,466 52 57 181 41 196 112 233 33 61 101 148 251 Securities, unamortized premiums and discounts, repurchase agreements, and loans1 6,492,938 149,337 3,444,651 128,010 264,291 583,688 428,916 329,310 97,935 43,392 62,345 290,876 670,186 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)2 3,834 3,834 0 0 0 0 0 0 0 0 0 0 0 Central bank liquidity swaps3 26 1 9 1 3 5 1 1 1 0 0 1 3 Foreign currency denominated assets4 19,393 819 6,541 671 2,011 3,777 657 1,083 491 125 215 566 2,436 Other assets5 43,140 1,042 20,451 904 1,756 4,167 4,127 2,154 824 501 771 2,003 4,440 Interdistrict settlement account 0+ 2,533- 22,047- 3,408- 28,001- 112,907+ 28,420+ 61,835+ 9,550+ 13,966+ 16,958+ 26,302 + 6,798 Total assets 6,587,034 158,516 3,457,727 127,173 241,339 480,818 465,929 396,337 109,629 58,490 81,131 322,191 687,754 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 29, 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 2,367,211 78,908 731,592 64,909 117,912 172,282 370,497 113,267 79,448 36,226 42,510 210,357 349,305 Reverse repurchase agreements6 367,413 8,459 194,988 7,248 14,973 33,066 24,299 18,639 5,543 2,454 3,526 16,480 37,736 Deposits 4,037,439 71,449 2,658,100 57,321 113,806 303,550 67,873 281,613 23,230 19,810 35,591 93,992 311,102 Depository institutions 2,827,910 71,445 1,610,319 57,319 113,787 302,878 67,774 120,961 23,229 19,660 35,564 93,921 311,054 U.S. Treasury, General Account 983,859 0 983,859 0 0 0 0 0 0 0 0 0 0 Foreign official 9,435 2 9,408 1 4 8 1 2 1 0 0 1 5 Other7 216,235 3 54,515 0 15 665 98 160,649 0 150 27 70 43 Earnings remittances due to the U.S. Treasury8 -243,639 -5,275 -145,460 -4,079 -10,448 -39,307 97 -20,416 23 -439 -1,312 -298 -16,724 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 10,793 1,025 3,630 251 408 1,329 1,588 725 220 167 230 348 872 Total liabilities 6,541,246 156,595 3,442,851 125,649 236,652 470,920 464,354 393,828 108,464 58,218 80,545 320,880 682,292 Capital Capital paid in 39,002 1,635 12,588 1,290 3,983 8,576 1,345 2,130 993 229 511 1,113 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 6,587,034 158,516 3,457,727 127,173 241,339 480,818 465,929 396,337 109,629 58,490 81,131 322,191 687,754 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 29, 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 29, 2025 Federal Reserve notes outstanding 2,817,793 Less: Notes held by F.R. Banks not subject to collateralization 450,582 Federal Reserve notes to be collateralized 2,367,211 Collateral held against Federal Reserve notes 2,367,211 Gold certificate account 11,037 Special drawing rights certificate account 15,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 2,340,975 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 6,279,360 Less: Face value of securities under reverse repurchase agreements 402,579 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 5,876,781 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.