H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE statistical release For Release at 4:30 P.M. Eastern Time February 5, 2026 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 December 31, 2025.

FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks February 5, 2026 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 Feb 4, 2026 Federal Reserve Banks Feb 4, 2026 Jan 28, 2026 Feb 5, 2025 Reserve Bank credit 6,549,578 + 9,467 - 215,627 6,558,311 Securities held outright1 6,300,970 + 8,776 - 186,089 6,307,075 U.S. Treasury securities 4,274,913 + 15,708 + 7,760 4,281,018 Bills2 282,547 + 16,015 + 87,204 288,677 Notes and bonds, nominal2 3,602,109 0 - 43,221 3,602,109 Notes and bonds, inflation-indexed2 288,706 0 - 31,140 288,706 Inflation compensation3 101,551 - 308 - 5,083 101,527 Federal agency debt securities2 2,347 0 0 2,347 Mortgage-backed securities4 2,023,710 - 6,931 - 193,849 2,023,710 Unamortized premiums on securities held outright5 222,664 - 505 - 24,405 222,503 Unamortized discounts on securities held outright5 -24,349 - 127 - 190 -24,422 Repurchase agreements6 861 + 860 + 861 3,001 Foreign official 857 + 857 + 857 3,000 Others 4 + 3 + 4 1 Loans 4,388 + 563 - 1,200 4,573 Primary credit 4,330 + 564 + 864 4,515 Secondary credit 0 0 0 0 Seasonal credit 0 0 0 0 Paycheck Protection Program Liquidity Facility 58 - 1 - 1,863 58 Bank Term Funding Program 0 0 - 200 0 Other credit extensions7 0 0 0 0 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 1,321 - 245 - 6,065 1,323 Float -385 - 66 + 84 -283 Central bank liquidity swaps9 22 - 10 - 54 22 Other Federal Reserve assets10 44,087 + 222 + 1,431 44,519 Foreign currency denominated assets11 19,605 + 101 + 1,901 19,447 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 15,200 0 0 15,200 Treasury currency outstanding12 52,948 + 14 + 426 52,948 Total factors supplying reserve funds 6,648,371 + 9,581 - 213,301 6,656,947 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 Feb 4, 2026 Federal Reserve Banks Feb 4, 2026 Jan 28, 2026 Feb 5, 2025 Currency in circulation12 2,430,096 + 991 + 81,620 2,431,213 Reverse repurchase agreements13 326,574 + 2,761 - 192,124 326,859 Foreign official and international accounts 319,952 - 2,620 - 62,757 324,445 Others 6,622 + 5,381 - 129,368 2,414 Treasury cash holdings 331 + 5 - 10 332 Deposits with F.R. Banks, other than reserve balances 1,156,786 - 19,257 + 175,066 1,150,725 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 908,773 - 14,269 + 103,180 907,737 Foreign official 9,440 + 1 - 242 9,439 Other14 238,572 - 4,991 + 72,127 233,549 Treasury contributions to credit facilities15 821 0 - 2,640 821 Other liabilities and capital16 -191,407 + 1,511 - 23,318 -190,496 Total factors, other than reserve balances, absorbing reserve funds 3,723,201 - 13,989 + 38,594 3,719,454 Reserve balances with Federal Reserve Banks 2,925,170 + 23,570 - 251,895 2,937,493 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 Feb 4, 2026 Feb 4, 2026 Jan 28, 2026 Feb 5, 2025 Securities held in custody for foreign official and international accounts 3,089,586 + 3,355 - 189,753 3,084,167 Marketable U.S. Treasury securities1 2,791,383 + 3,819 - 113,759 2,786,526 Federal agency debt and mortgage-backed securities2 220,166 - 378 - 68,137 220,211 Other securities3 78,036 - 87 - 7,858 77,430 Securities lent to dealers 37,034 - 407 + 11,352 39,029 Overnight facility4 37,034 - 407 + 11,352 39,029 U.S. Treasury securities 37,034 - 407 + 11,352 39,029 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, February 4, 2026 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 2,089 2,467 17 0 0 ... 4,573 U.S. Treasury securities2 Holdings 77,391 229,346 483,170 1,382,108 506,014 1,602,989 4,281,018 Weekly changes + 21,359 + 839 + 7,474 - 18,566 + 3,085 + 850 + 15,041 Federal agency debt securities3 Holdings 0 0 0 1,818 529 0 2,347 Weekly changes 0 0 0 0 0 0 0 Mortgage-backed securities4 Holdings 0 0 36 4,845 75,915 1,942,914 2,023,710 Weekly changes 0 0 0 + 22 + 17,900 - 17,923 0 Loan participations held by MS Facilities 2020 LLC (Main Street Lending Program)5 974 95 98 0 ... ... 1,167 Repurchase agreements6 3,001 0 ... ... ... ... 3,001 Central bank liquidity swaps7 22 0 0 0 0 0 22 Reverse repurchase agreements6 326,859 0 ... ... ... ... 326,859 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 Feb 4, 2026 Mortgage-backed securities held outright1 2,023,710 Residential mortgage-backed securities 2,016,004 Commercial mortgage-backed securities 7,706 Commitments to buy mortgage-backed securities2 101 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 Feb 4, 2026 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) 0 340 983 1,323 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 December 31, 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 Feb 4, 2026 Jan 28, 2026 Feb 5, 2025 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 15,200 0 0 Coin 1,549 + 11 - 16 Securities, unamortized premiums and discounts, repurchase agreements, and loans 6,512,730 + 17,438 - 201,111 Securities held outright1 6,307,075 + 15,041 - 178,775 U.S. Treasury securities 4,281,018 + 15,041 + 15,074 Bills2 288,677 + 15,225 + 93,334 Notes and bonds, nominal2 3,602,109 0 - 41,837 Notes and bonds, inflation-indexed2 288,706 0 - 31,299 Inflation compensation3 101,527 - 184 - 5,123 Federal agency debt securities2 2,347 0 0 Mortgage-backed securities4 2,023,710 0 - 193,849 Unamortized premiums on securities held outright5 222,503 - 383 - 24,347 Unamortized discounts on securities held outright5 -24,422 - 212 - 351 Repurchase agreements6 3,001 + 2,995 + 3,001 Loans7 4,573 - 2 - 639 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 1,323 - 238 - 6,071 Items in process of collection (0) 82 0 + 30 Bank premises 642 - 53 + 53 Central bank liquidity swaps9 22 - 10 - 54 Foreign currency denominated assets10 19,447 - 268 + 1,678 Other assets11 43,877 + 1,462 + 465 Total assets (0) 6,605,909 + 18,341 - 205,026 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 Feb 4, 2026 Jan 28, 2026 Feb 5, 2025 Liabilities Federal Reserve notes, net of F.R. Bank holdings 2,380,142 + 1,796 + 81,447 Reverse repurchase agreements12 326,859 - 292 - 128,554 Deposits (0) 4,088,218 + 15,694 - 131,511 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 2,937,493 + 54,553 - 295,835 U.S. Treasury, General Account 907,737 - 44,968 + 89,784 Foreign official 9,439 - 2 - 244 Other13 (0) 233,549 + 6,110 + 74,784 Deferred availability cash items (0) 365 - 511 - 23 Treasury contributions to credit facilities14 821 0 - 2,640 Other liabilities and accrued dividends15 -236,670 + 1,556 - 25,720 Total liabilities (0) 6,559,735 + 18,241 - 207,001 Capital accounts Capital paid in 39,389 + 100 + 1,974 Surplus 6,785 0 0 Other capital accounts 0 0 0 Total capital 46,174 + 100 + 1,974 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, February 4, 2026 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 1,549 51 64 191 49 205 126 246 36 65 109 151 256 Securities, unamortized premiums and discounts, repurchase agreements, and loans1 6,512,730 150,045 3,454,839 128,496 265,276 585,761 430,463 330,541 98,345 43,514 62,489 291,914 671,047 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)2 1,323 1,323 0 0 0 0 0 0 0 0 0 0 0 Central bank liquidity swaps3 22 1 7 1 2 4 1 1 1 0 0 1 3 Foreign currency denominated assets4 19,447 821 6,561 673 2,017 3,787 659 1,086 493 125 216 568 2,442 Other assets5 44,602 1,069 21,152 935 1,789 4,297 4,167 2,222 1,053 488 733 2,060 4,637 Interdistrict settlement account 0+ 13,825- 79,024- 4,551- 23,021- 90,341+ 11,766+ 79,718+ 7,514+ 16,671+ 22,526+ 30,615 + 14,301 Total assets 6,605,909 168,033 3,411,664 126,561 247,349 505,605 450,877 415,534 108,236 61,309 86,812 327,603 696,327 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, February 4, 2026 (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 2,380,142 82,727 739,593 65,218 116,801 170,844 357,605 117,446 78,341 38,564 46,330 212,411 354,260 Reverse repurchase agreements6 326,859 7,526 173,466 6,448 13,320 29,416 21,617 16,582 4,932 2,183 3,137 14,661 33,571 Deposits 4,088,218 79,720 2,625,144 57,243 122,500 334,551 68,959 300,182 23,597 20,595 37,957 98,945 318,826 Depository institutions 2,937,493 79,713 1,650,646 57,241 122,464 333,759 68,947 125,002 23,587 20,540 37,931 98,873 318,790 U.S. Treasury, General Account 907,737 0 907,737 0 0 0 0 0 0 0 0 0 0 Foreign official 9,439 2 9,412 1 4 8 1 2 1 0 0 1 5 Other7 233,549 5 57,349 0 31 784 11 175,178 9 54 25 70 31 Earnings remittances due to the U.S. Treasury8 -245,611 -5,545 -144,665 -4,105 -10,511 -40,372 122 -21,927 -37 -511 -1,470 10 -16,600 Treasury contributions to credit facilities9 821 821 0 0 0 0 0 0 0 0 0 0 0 Other liabilities and accrued dividends 9,306 861 3,330 240 365 1,090 831 740 269 205 224 366 786 Total liabilities 6,559,735 166,110 3,396,867 125,045 242,476 495,529 449,134 413,023 107,101 61,037 86,177 326,393 690,843 Capital Capital paid in 39,389 1,639 12,612 1,292 4,184 8,587 1,501 2,140 964 232 546 1,017 4,674 Surplus 6,785 283 2,185 224 690 1,488 242 371 170 40 89 193 810 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 6,605,909 168,033 3,411,664 126,561 247,349 505,605 450,877 415,534 108,236 61,309 86,812 327,603 696,327 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, February 4, 2026 (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 Feb 4, 2026 Federal Reserve notes outstanding 2,818,812 Less: Notes held by F.R. Banks not subject to collateralization 438,670 Federal Reserve notes to be collateralized 2,380,142 Collateral held against Federal Reserve notes 2,380,142 Gold certificate account 11,037 Special drawing rights certificate account 15,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 2,353,905 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 6,310,076 Less: Face value of securities under reverse repurchase agreements 362,577 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 5,947,499 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.