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 November 6, 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 Nov 5, 2025 Federal Reserve Banks Nov 5, 2025 Oct 29, 2025 Nov 6, 2024 Reserve Bank credit 6,551,231 + 10,667 - 401,616 6,525,528 Securities held outright1 6,265,501 - 10,673 - 342,709 6,265,053 U.S. Treasury securities 4,193,191 - 3,448 - 146,709 4,192,743 Bills2 195,493 0 + 200 195,493 Notes and bonds, nominal2 3,575,819 - 4,990 - 110,202 3,575,029 Notes and bonds, inflation-indexed2 309,499 + 1,301 - 31,861 309,716 Inflation compensation3 112,381 + 242 - 4,845 112,505 Federal agency debt securities2 2,347 0 0 2,347 Mortgage-backed securities4 2,069,963 - 7,224 - 196,000 2,069,963 Unamortized premiums on securities held outright5 228,574 - 441 - 25,465 228,395 Unamortized discounts on securities held outright5 -23,329 - 89 + 689 -23,243 Repurchase agreements6 26,308 + 22,098 + 26,292 102 Foreign official 0 0 0 0 Others 26,308 + 22,098 + 26,292 102 Loans 7,565 + 507 - 52,973 7,230 Primary credit 7,467 + 524 + 6,066 7,138 Secondary credit 0 0 0 0 Seasonal credit 27 - 17 - 28 22 Paycheck Protection Program Liquidity Facility 70 - 1 - 1,988 69 Bank Term Funding Program 0 0 - 57,025 0 Other credit extensions7 0 0 0 0 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 3,836 + 9 - 6,300 3,839 Float -466 - 82 - 137 -290 Central bank liquidity swaps9 86 + 60 - 65 86 Other Federal Reserve assets10 43,156 - 723 - 948 44,359 Foreign currency denominated assets11 19,219 - 111 + 1,042 19,108 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 15,200 0 + 5,000 15,200 Treasury currency outstanding12 52,766 + 14 + 288 52,766 Total factors supplying reserve funds 6,649,456 + 10,569 - 395,287 6,623,643 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 Nov 5, 2025 Federal Reserve Banks Nov 5, 2025 Oct 29, 2025 Nov 6, 2024 Currency in circulation12 2,419,897 + 2,583 + 62,431 2,421,923 Reverse repurchase agreements13 387,787 + 28,605 - 167,405 372,481 Foreign official and international accounts 355,193 + 4,367 - 34,041 359,667 Others 32,594 + 24,239 - 133,364 12,814 Treasury cash holdings 307 + 9 - 40 342 Deposits with F.R. Banks, other than reserve balances 1,169,181 - 31,884 + 159,003 1,166,104 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 940,979 - 17,011 + 98,928 942,700 Foreign official 9,438 + 3 - 244 9,438 Other14 218,763 - 14,878 + 60,319 213,966 Treasury contributions to credit facilities15 2,029 0 - 2,929 2,029 Other liabilities and capital16 -192,314 - 3,292 - 34,796 -191,159 Total factors, other than reserve balances, absorbing reserve funds 3,786,887 - 3,978 + 16,264 3,771,720 Reserve balances with Federal Reserve Banks 2,862,569 + 14,548 - 411,551 2,851,923 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 Nov 5, 2025 Nov 5, 2025 Oct 29, 2025 Nov 6, 2024 Securities held in custody for foreign official and international accounts 3,088,644 + 3,930 - 245,243 3,084,609 Marketable U.S. Treasury securities1 2,773,355 + 5,092 - 172,571 2,769,212 Federal agency debt and mortgage-backed securities2 237,229 - 475 - 62,189 237,220 Other securities3 78,060 - 688 - 10,484 78,177 Securities lent to dealers 39,483 + 6,094 + 4,542 37,690 Overnight facility4 39,483 + 6,094 + 4,542 37,690 U.S. Treasury securities 39,483 + 6,094 + 4,542 37,690 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, November 5, 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 5,456 1,714 60 0 0 ... 7,230 U.S. Treasury securities2 Holdings 64,414 186,371 443,029 1,401,005 509,362 1,588,561 4,192,743 Weekly changes - 1,919 - 3,731 + 10,551 - 12,364 + 2,552 + 914 - 3,996 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 71 30 4,823 52,090 2,012,949 2,069,963 Weekly changes 0 + 28 - 28 + 29 + 8,293 - 8,322 0 Loan participations held by MS Facilities 2020 LLC (Main Street Lending Program)5 395 1,653 3 40 ... ... 2,091 Repurchase agreements6 102 0 ... ... ... ... 102 Central bank liquidity swaps7 86 0 0 0 0 0 86 Reverse repurchase agreements6 372,481 0 ... ... ... ... 372,481 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 Nov 5, 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 Nov 5, 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 1,399 2,440 3,839 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 Nov 5, 2025 Oct 29, 2025 Nov 6, 2024 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 15,200 0 + 5,000 Coin 1,466 0 - 14 Securities, unamortized premiums and discounts, repurchase agreements, and loans 6,477,536 - 15,402 - 420,525 Securities held outright1 6,265,053 - 3,996 - 343,220 U.S. Treasury securities 4,192,743 - 3,996 - 147,220 Bills2 195,493 0 + 200 Notes and bonds, nominal2 3,575,029 - 5,780 - 110,992 Notes and bonds, inflation-indexed2 309,716 + 1,518 - 31,644 Inflation compensation3 112,505 + 266 - 4,784 Federal agency debt securities2 2,347 0 0 Mortgage-backed securities4 2,069,963 0 - 196,000 Unamortized premiums on securities held outright5 228,395 - 342 - 25,475 Unamortized discounts on securities held outright5 -23,243 - 77 + 698 Repurchase agreements6 102 - 10,209 + 1 Loans7 7,230 - 777 - 52,528 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 3,839 + 5 - 6,304 Items in process of collection (0) 103 + 19 + 33 Bank premises 616 - 21 + 197 Central bank liquidity swaps9 86 + 60 - 65 Foreign currency denominated assets10 19,108 - 285 + 1,144 Other assets11 43,742 + 1,323 - 1,032 Total assets (0) 6,572,732 - 14,302 - 421,567 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 Nov 5, 2025 Oct 29, 2025 Nov 6, 2024 Liabilities Federal Reserve notes, net of F.R. Bank holdings 2,370,961 + 3,750 + 62,483 Reverse repurchase agreements12 372,481 + 5,068 - 200,596 Deposits (0) 4,018,027 - 19,412 - 246,243 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 2,851,923 + 24,013 - 403,609 U.S. Treasury, General Account 942,700 - 41,159 + 102,473 Foreign official 9,438 + 3 - 243 Other13 (0) 213,966 - 2,269 + 55,137 Deferred availability cash items (0) 393 - 752 + 37 Treasury contributions to credit facilities14 2,029 0 - 2,929 Other liabilities and accrued dividends15 -236,991 - 3,000 - 36,513 Total liabilities (0) 6,526,900 - 14,346 - 423,761 Capital accounts Capital paid in 39,047 + 45 + 2,194 Surplus 6,785 0 0 Other capital accounts 0 0 0 Total capital 45,832 + 45 + 2,194 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, November 5, 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 56 181 41 197 112 234 35 61 100 147 249 Securities, unamortized premiums and discounts, repurchase agreements, and loans1 6,477,536 149,032 3,436,932 127,714 263,695 582,319 427,939 328,375 97,708 43,285 62,187 290,220 668,129 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)2 3,839 3,839 0 0 0 0 0 0 0 0 0 0 0 Central bank liquidity swaps3 86 4 29 3 9 17 3 5 2 1 1 2 11 Foreign currency denominated assets4 19,108 807 6,446 661 1,982 3,722 647 1,067 484 123 212 558 2,400 Other assets5 44,461 1,069 21,140 928 1,778 4,264 4,203 2,218 1,002 491 732 2,055 4,582 Interdistrict settlement account 0- 4,302- 72,377- 2,806- 14,224- 83,584+ 29,169+ 52,886+ 10,235+ 16,494+ 18,122+ 33,678 + 16,709 Total assets 6,572,732 151,398 3,400,292 127,496 254,518 508,825 465,768 386,505 110,261 60,901 82,093 328,955 695,720 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, November 5, 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 2,370,961 79,088 732,062 64,769 118,055 172,251 367,853 113,977 79,350 37,155 43,491 211,487 351,423 Reverse repurchase agreements6 372,481 8,576 197,677 7,348 15,180 33,522 24,635 18,896 5,620 2,488 3,574 16,707 38,257 Deposits 4,018,027 64,081 2,598,873 57,733 126,763 331,690 70,835 271,144 23,927 21,270 35,557 99,457 316,697 Depository institutions 2,851,923 64,077 1,590,858 57,732 126,740 331,032 70,822 114,039 23,919 21,176 35,527 99,360 316,641 U.S. Treasury, General Account 942,700 0 942,700 0 0 0 0 0 0 0 0 0 0 Foreign official 9,438 2 9,411 1 4 8 1 2 1 0 0 1 5 Other7 213,966 3 55,904 0 19 651 12 157,103 6 94 30 95 51 Earnings remittances due to the U.S. Treasury8 -243,818 -5,307 -145,403 -4,085 -10,472 -39,391 109 -20,511 9 -440 -1,326 -269 -16,731 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 7,219 1,003 2,203 204 309 843 756 479 204 153 205 264 597 Total liabilities 6,526,900 149,470 3,385,412 125,970 249,834 498,916 464,187 383,985 109,109 60,625 81,502 327,645 690,244 Capital Capital paid in 39,047 1,641 12,591 1,291 3,980 8,588 1,351 2,141 980 232 515 1,111 4,624 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 6,572,732 151,398 3,400,292 127,496 254,518 508,825 465,768 386,505 110,261 60,901 82,093 328,955 695,720 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, November 5, 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 Nov 5, 2025 Federal Reserve notes outstanding 2,816,723 Less: Notes held by F.R. Banks not subject to collateralization 445,762 Federal Reserve notes to be collateralized 2,370,961 Collateral held against Federal Reserve notes 2,370,961 Gold certificate account 11,037 Special drawing rights certificate account 15,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 2,344,724 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 6,265,155 Less: Face value of securities under reverse repurchase agreements 411,295 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 5,853,859 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.