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 February 19, 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 18, 2026 Federal Reserve Banks Feb 18, 2026 Feb 11, 2026 Feb 19, 2025 Reserve Bank credit 6,576,596 + 7,842 - 183,089 6,565,604 Securities held outright1 6,324,851 + 8,299 - 156,898 6,331,670 U.S. Treasury securities 4,298,736 + 8,241 + 36,948 4,305,596 Bills2 306,429 + 8,262 + 111,086 313,296 Notes and bonds, nominal2 3,602,109 0 - 37,617 3,602,109 Notes and bonds, inflation-indexed2 288,706 0 - 31,299 288,706 Inflation compensation3 101,492 - 22 - 5,223 101,486 Federal agency debt securities2 2,347 0 0 2,347 Mortgage-backed securities4 2,023,768 + 58 - 193,845 2,023,727 Unamortized premiums on securities held outright5 221,902 - 391 - 24,215 221,786 Unamortized discounts on securities held outright5 -24,485 0 - 306 -24,531 Repurchase agreements6 4,433 + 2,241 + 4,433 6 Foreign official 75 - 2,098 + 75 2 Others 4,358 + 4,339 + 4,358 4 Loans 4,712 + 40 - 475 4,828 Primary credit 4,658 + 43 + 1,572 4,775 Secondary credit 0 0 0 0 Seasonal credit 0 0 - 4 0 Paycheck Protection Program Liquidity Facility 54 - 3 - 1,853 53 Bank Term Funding Program 0 0 - 190 0 Other credit extensions7 0 0 0 0 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 1,324 + 1 - 6,055 1,322 Float -273 - 13 + 38 -393 Central bank liquidity swaps9 58 + 34 - 32 58 Other Federal Reserve assets10 44,075 - 2,367 + 422 30,858 Foreign currency denominated assets11 19,654 + 129 + 1,817 19,550 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 15,200 0 0 15,200 Treasury currency outstanding12 52,976 + 14 + 452 52,976 Total factors supplying reserve funds 6,675,466 + 7,985 - 180,822 6,664,370 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 18, 2026 Federal Reserve Banks Feb 18, 2026 Feb 11, 2026 Feb 19, 2025 Currency in circulation12 2,430,900 + 428 + 78,714 2,431,064 Reverse repurchase agreements13 325,040 - 1,804 - 115,930 329,348 Foreign official and international accounts 324,233 - 485 - 51,892 328,492 Others 807 - 1,319 - 64,038 856 Treasury cash holdings 340 + 7 - 24 348 Deposits with F.R. Banks, other than reserve balances 1,158,957 - 3,604 + 200,251 1,132,719 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 912,727 - 2,579 + 122,665 888,854 Foreign official 9,439 0 - 245 9,439 Other14 236,791 - 1,025 + 77,831 234,426 Treasury contributions to credit facilities15 821 0 - 2,640 821 Other liabilities and capital16 -190,395 + 2,712 - 20,914 -189,890 Total factors, other than reserve balances, absorbing reserve funds 3,725,663 - 2,261 + 139,457 3,704,410 Reserve balances with Federal Reserve Banks 2,949,804 + 10,247 - 320,278 2,959,961 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 18, 2026 Feb 18, 2026 Feb 11, 2026 Feb 19, 2025 Securities held in custody for foreign official and international accounts 3,101,544 + 6,578 - 200,329 3,089,046 Marketable U.S. Treasury securities1 2,803,125 + 6,110 - 126,144 2,790,629 Federal agency debt and mortgage-backed securities2 220,552 + 341 - 65,959 220,617 Other securities3 77,867 + 127 - 8,226 77,800 Securities lent to dealers 35,574 - 734 + 11,400 30,399 Overnight facility4 35,574 - 734 + 11,400 30,399 U.S. Treasury securities 35,574 - 734 + 11,400 30,399 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 18, 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 2,668 2,148 13 0 0 ... 4,828 U.S. Treasury securities2 Holdings 61,400 258,173 490,135 1,411,109 492,753 1,592,028 4,305,596 Weekly changes - 13,981 + 22,611 - 5,433 + 29,009 - 13,259 - 10,954 + 7,990 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 1,942,931 2,023,727 Weekly changes 0 0 0 0 0 + 17 + 17 Loan participations held by MS Facilities 2020 LLC (Main Street Lending Program)5 941 94 94 0 ... ... 1,129 Repurchase agreements6 6 0 ... ... ... ... 6 Central bank liquidity swaps7 58 0 0 0 0 0 58 Reverse repurchase agreements6 329,348 0 ... ... ... ... 329,348 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 18, 2026 Mortgage-backed securities held outright1 2,023,727 Residential mortgage-backed securities 2,016,025 Commercial mortgage-backed securities 7,702 Commitments to buy mortgage-backed securities2 74 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 18, 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) 0 302 1,021 1,322 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 18, 2026 Feb 11, 2026 Feb 19, 2025 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 15,200 0 0 Coin 1,555 + 9 - 28 Securities, unamortized premiums and discounts, repurchase agreements, and loans 6,533,759 + 7,828 - 164,482 Securities held outright1 6,331,670 + 8,007 - 139,499 U.S. Treasury securities 4,305,596 + 7,990 + 54,345 Bills2 313,296 + 8,011 + 117,953 Notes and bonds, nominal2 3,602,109 0 - 27,068 Notes and bonds, inflation-indexed2 288,706 0 - 31,299 Inflation compensation3 101,486 - 20 - 5,240 Federal agency debt securities2 2,347 0 0 Mortgage-backed securities4 2,023,727 + 17 - 193,845 Unamortized premiums on securities held outright5 221,786 - 375 - 24,194 Unamortized discounts on securities held outright5 -24,531 - 51 - 293 Repurchase agreements6 6 - 107 + 6 Loans7 4,828 + 354 - 502 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 1,322 - 2 - 6,002 Items in process of collection (0) 56 - 14 - 15 Bank premises 664 + 18 + 67 Central bank liquidity swaps9 58 + 34 - 33 Foreign currency denominated assets10 19,550 - 138 + 1,759 Other assets11 30,193 - 16,722 - 206 Total assets (0) 6,613,395 - 8,987 - 168,937 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 18, 2026 Feb 11, 2026 Feb 19, 2025 Liabilities Federal Reserve notes, net of F.R. Bank holdings 2,379,987 + 405 + 77,219 Reverse repurchase agreements12 329,348 + 8,693 - 131,681 Deposits (0) 4,092,679 - 20,351 - 90,792 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 2,959,961 + 1,468 - 316,180 U.S. Treasury, General Account 888,854 - 21,679 + 149,916 Foreign official 9,439 0 - 245 Other13 (0) 234,426 - 139 + 75,718 Deferred availability cash items (0) 449 + 55 - 97 Treasury contributions to credit facilities14 821 0 - 2,640 Other liabilities and accrued dividends15 -236,171 + 2,174 - 23,029 Total liabilities (0) 6,567,114 - 9,022 - 171,019 Capital accounts Capital paid in 39,496 + 36 + 2,081 Surplus 6,785 0 0 Other capital accounts 0 0 0 Total capital 46,281 + 36 + 2,081 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 18, 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 1,555 53 63 188 49 212 112 249 38 65 109 152 263 Securities, unamortized premiums and discounts, repurchase agreements, and loans1 6,533,759 150,642 3,465,855 128,863 266,128 587,655 431,815 331,558 98,646 43,658 62,665 293,048 673,227 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)2 1,322 1,322 0 0 0 0 0 0 0 0 0 0 0 Central bank liquidity swaps3 58 2 19 2 6 11 2 3 1 0 1 2 7 Foreign currency denominated assets4 19,550 826 6,595 676 2,028 3,808 662 1,092 495 126 217 571 2,455 Other assets5 30,914 752 13,893 666 1,241 3,077 3,226 1,525 867 375 618 1,447 3,227 Interdistrict settlement account 0+ 11,077- 165,923- 6,630- 29,559- 48,875+ 9,092+ 126,830+ 7,619+ 16,489+ 23,435+ 22,593 + 33,852 Total assets 6,613,395 165,573 3,328,568 124,581 241,131 547,779 448,605 462,977 108,460 61,160 87,784 320,106 716,671 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 18, 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 2,379,987 82,654 738,199 65,062 116,370 170,518 356,360 118,441 78,252 38,850 47,215 213,115 354,951 Reverse repurchase agreements6 329,348 7,583 174,787 6,498 13,422 29,640 21,782 16,708 4,969 2,200 3,161 14,772 33,827 Deposits 4,092,679 77,280 2,541,639 55,337 116,551 376,767 67,720 346,655 23,829 20,136 38,027 90,606 338,131 Depository institutions 2,959,961 77,275 1,589,601 55,336 116,513 375,962 67,708 167,045 23,817 20,077 38,000 90,526 338,100 U.S. Treasury, General Account 888,854 0 888,854 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 234,426 3 53,772 0 33 797 11 179,608 11 59 26 79 27 Earnings remittances due to the U.S. Treasury8 -245,298 -5,554 -144,243 -4,092 -10,480 -40,383 102 -22,126 -3 -513 -1,485 39 -16,560 Treasury contributions to credit facilities9 821 821 0 0 0 0 0 0 0 0 0 0 0 Other liabilities and accrued dividends 9,576 843 3,354 244 382 1,176 892 763 279 212 229 373 829 Total liabilities 6,567,114 163,628 3,313,736 123,048 236,245 537,718 446,856 460,441 107,326 60,885 87,148 318,905 711,178 Capital Capital paid in 39,496 1,661 12,647 1,309 4,196 8,573 1,507 2,165 964 235 548 1,009 4,683 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 6,613,395 165,573 3,328,568 124,581 241,131 547,779 448,605 462,977 108,460 61,160 87,784 320,106 716,671 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 18, 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 18, 2026 Federal Reserve notes outstanding 2,819,465 Less: Notes held by F.R. Banks not subject to collateralization 439,478 Federal Reserve notes to be collateralized 2,379,987 Collateral held against Federal Reserve notes 2,379,987 Gold certificate account 11,037 Special drawing rights certificate account 15,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 2,353,750 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 6,331,676 Less: Face value of securities under reverse repurchase agreements 361,392 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 5,970,284 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.