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 March 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 Mar 4, 2026 Federal Reserve Banks Mar 4, 2026 Feb 25, 2026 Mar 5, 2025 Reserve Bank credit 6,575,992 + 5,965 - 134,597 6,580,913 Securities held outright1 6,342,296 + 6,435 - 106,058 6,349,298 U.S. Treasury securities 4,329,531 + 15,938 + 86,833 4,336,533 Bills2 337,199 + 15,893 + 141,856 344,076 Notes and bonds, nominal2 3,602,109 0 - 17,535 3,602,109 Notes and bonds, inflation-indexed2 288,706 0 - 32,076 288,706 Inflation compensation3 101,517 + 44 - 5,412 101,643 Federal agency debt securities2 2,347 0 0 2,347 Mortgage-backed securities4 2,010,418 - 9,503 - 192,891 2,010,418 Unamortized premiums on securities held outright5 220,912 - 534 - 24,074 220,762 Unamortized discounts on securities held outright5 -24,751 - 109 - 377 -24,782 Repurchase agreements6 1,287 + 1,277 + 1,275 6 Foreign official 0 - 1 0 0 Others 1,287 + 1,278 + 1,275 6 Loans 4,864 + 129 - 767 4,762 Primary credit 4,756 + 129 + 1,109 4,713 Secondary credit 56 0 + 56 0 Seasonal credit 3 + 1 - 1 0 Paycheck Protection Program Liquidity Facility 49 - 2 - 1,835 49 Bank Term Funding Program 0 0 - 96 0 Other credit extensions7 0 0 0 0 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 1,323 + 1 - 6,011 1,324 Float -525 - 211 + 9 -886 Central bank liquidity swaps9 30 - 25 - 103 30 Other Federal Reserve assets10 30,555 - 999 + 1,508 30,398 Foreign currency denominated assets11 19,421 - 76 + 1,400 19,270 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 15,200 0 0 15,200 Treasury currency outstanding12 53,004 + 14 + 478 53,004 Total factors supplying reserve funds 6,674,658 + 5,903 - 132,718 6,679,427 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 Mar 4, 2026 Federal Reserve Banks Mar 4, 2026 Feb 25, 2026 Mar 5, 2025 Currency in circulation12 2,435,110 + 4,110 + 76,586 2,438,431 Reverse repurchase agreements13 325,744 + 4,404 - 254,684 319,504 Foreign official and international accounts 317,821 - 2,794 - 79,728 318,627 Others 7,922 + 7,197 - 174,957 877 Treasury cash holdings 344 - 5 - 40 278 Deposits with F.R. Banks, other than reserve balances 1,087,741 - 54,612 + 364,664 1,096,232 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 832,053 - 55,559 + 283,722 846,979 Foreign official 10,218 + 779 + 257 9,878 Other14 245,470 + 167 + 80,685 239,375 Treasury contributions to credit facilities15 821 0 - 2,640 821 Other liabilities and capital16 -190,634 + 2,239 - 19,511 -189,556 Total factors, other than reserve balances, absorbing reserve funds 3,659,126 - 43,865 + 164,374 3,665,710 Reserve balances with Federal Reserve Banks 3,015,531 + 49,766 - 297,094 3,013,716 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 Mar 4, 2026 Mar 4, 2026 Feb 25, 2026 Mar 5, 2025 Securities held in custody for foreign official and international accounts 3,074,006 - 1,285 - 229,460 3,062,617 Marketable U.S. Treasury securities1 2,777,625 - 463 - 158,130 2,766,235 Federal agency debt and mortgage-backed securities2 218,777 - 747 - 62,225 218,771 Other securities3 77,604 - 75 - 9,106 77,611 Securities lent to dealers 32,687 + 1,606 + 2,116 36,995 Overnight facility4 32,687 + 1,606 + 2,116 36,995 U.S. Treasury securities 32,687 + 1,606 + 2,116 36,995 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, March 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 2,380 2,373 9 0 0 ... 4,762 U.S. Treasury securities2 Holdings 50,118 290,108 515,613 1,390,474 496,220 1,594,001 4,336,533 Weekly changes - 11,969 + 23,240 + 18,844 - 20,626 + 3,469 + 1,980 + 14,937 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 21 14 4,862 81,366 1,924,154 2,010,418 Weekly changes 0 0 0 + 83 + 6,818 - 6,901 0 Loan participations held by MS Facilities 2020 LLC (Main Street Lending Program)5 898 36 94 0 ... ... 1,027 Repurchase agreements6 6 0 ... ... ... ... 6 Central bank liquidity swaps7 30 0 0 0 0 0 30 Reverse repurchase agreements6 319,504 0 ... ... ... ... 319,504 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 Mar 4, 2026 Mortgage-backed securities held outright1 2,010,418 Residential mortgage-backed securities 2,002,731 Commercial mortgage-backed securities 7,687 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 Mar 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) 0 247 1,077 1,324 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 Mar 4, 2026 Feb 25, 2026 Mar 5, 2025 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 15,200 0 0 Coin 1,542 - 5 - 54 Securities, unamortized premiums and discounts, repurchase agreements, and loans 6,550,046 + 14,656 - 122,819 Securities held outright1 6,349,298 + 14,937 - 97,928 U.S. Treasury securities 4,336,533 + 14,937 + 94,963 Bills2 344,076 + 14,760 + 148,733 Notes and bonds, nominal2 3,602,109 0 - 15,980 Notes and bonds, inflation-indexed2 288,706 0 - 32,206 Inflation compensation3 101,643 + 177 - 5,584 Federal agency debt securities2 2,347 0 0 Mortgage-backed securities4 2,010,418 0 - 192,891 Unamortized premiums on securities held outright5 220,762 - 358 - 24,027 Unamortized discounts on securities held outright5 -24,782 - 150 - 488 Repurchase agreements6 6 + 3 - 78 Loans7 4,762 + 225 - 297 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 1,324 + 1 - 6,015 Items in process of collection (0) 46 - 12 - 14 Bank premises 664 - 12 + 80 Central bank liquidity swaps9 30 - 25 - 103 Foreign currency denominated assets10 19,270 - 206 + 944 Other assets11 29,736 + 701 + 111 Total assets (0) 6,628,894 + 15,097 - 127,870 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 Mar 4, 2026 Feb 25, 2026 Mar 5, 2025 Liabilities Federal Reserve notes, net of F.R. Bank holdings 2,387,243 + 5,922 + 75,420 Reverse repurchase agreements12 319,504 - 9,718 - 211,385 Deposits (0) 4,109,950 + 15,931 + 30,942 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 3,013,718 + 9,289 - 367,456 U.S. Treasury, General Account 846,979 + 8,004 + 324,161 Foreign official 9,878 + 439 - 229 Other13 (0) 239,375 - 1,802 + 74,465 Deferred availability cash items (0) 932 + 275 - 27 Treasury contributions to credit facilities14 821 0 - 2,640 Other liabilities and accrued dividends15 -235,893 + 2,642 - 22,302 Total liabilities (0) 6,582,558 + 15,052 - 129,991 Capital accounts Capital paid in 39,552 + 46 + 2,122 Surplus 6,785 0 0 Other capital accounts 0 0 0 Total capital 46,337 + 46 + 2,122 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, March 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 1,542 53 62 188 48 211 107 254 37 64 110 149 259 Securities, unamortized premiums and discounts, repurchase agreements, and loans1 6,550,046 150,994 3,474,076 129,159 266,793 589,124 432,914 332,354 98,856 43,767 62,860 293,854 675,296 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)2 1,324 1,324 0 0 0 0 0 0 0 0 0 0 0 Central bank liquidity swaps3 30 1 10 1 3 6 1 2 1 0 0 1 4 Foreign currency denominated assets4 19,270 814 6,501 667 1,998 3,753 653 1,076 488 124 214 562 2,420 Other assets5 30,446 740 13,658 657 1,229 3,008 3,173 1,503 858 399 614 1,426 3,181 Interdistrict settlement account 0+ 2,675- 167,327- 1,306- 21,981- 51,227+ 15,255+ 96,767+ 9,259+ 19,726+ 27,923+ 30,047 + 40,190 Total assets 6,628,894 157,499 3,335,046 130,182 249,328 546,766 455,798 433,675 110,292 64,526 92,461 328,333 724,989 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, March 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 2,387,243 83,810 738,842 64,817 117,158 170,299 356,436 120,265 78,089 39,167 47,850 214,111 356,399 Reverse repurchase agreements6 319,504 7,356 169,562 6,303 13,021 28,754 21,131 16,209 4,821 2,134 3,066 14,331 32,816 Deposits 4,109,950 68,290 2,552,224 61,367 124,341 376,980 74,913 316,227 25,952 23,255 42,178 98,257 345,965 Depository institutions 3,013,718 68,279 1,639,555 61,366 124,307 376,227 74,887 133,725 25,946 23,202 42,152 98,191 345,879 U.S. Treasury, General Account 846,979 0 846,979 0 0 0 0 0 0 0 0 0 0 Foreign official 9,878 2 9,852 1 4 8 1 2 1 0 0 1 5 Other7 239,375 9 55,838 0 30 745 25 182,499 5 53 26 65 80 Earnings remittances due to the U.S. Treasury8 -245,150 -5,580 -143,833 -4,087 -10,473 -40,502 145 -22,338 20 -517 -1,506 59 -16,537 Treasury contributions to credit facilities9 821 821 0 0 0 0 0 0 0 0 0 0 0 Other liabilities and accrued dividends 10,190 857 3,380 248 392 1,173 1,412 777 277 212 236 374 851 Total liabilities 6,582,558 155,555 3,320,175 128,649 244,439 536,704 454,037 431,139 109,159 64,251 91,824 327,133 719,494 Capital Capital paid in 39,552 1,661 12,686 1,309 4,200 8,573 1,519 2,165 963 235 548 1,008 4,685 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 6,628,894 157,499 3,335,046 130,182 249,328 546,766 455,798 433,675 110,292 64,526 92,461 328,333 724,989 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, March 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 Mar 4, 2026 Federal Reserve notes outstanding 2,818,760 Less: Notes held by F.R. Banks not subject to collateralization 431,516 Federal Reserve notes to be collateralized 2,387,243 Collateral held against Federal Reserve notes 2,387,243 Gold certificate account 11,037 Special drawing rights certificate account 15,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 2,361,007 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 6,349,304 Less: Face value of securities under reverse repurchase agreements 347,866 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 6,001,438 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.