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 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 Mar 18, 2026 Federal Reserve Banks Mar 18, 2026 Mar 11, 2026 Mar 19, 2025 Reserve Bank credit 6,602,962 + 11,539 - 109,376 6,608,790 Securities held outright1 6,366,415 + 9,091 - 79,228 6,371,314 U.S. Treasury securities 4,353,673 + 9,114 + 113,663 4,358,597 Bills2 360,684 + 8,789 + 165,341 365,488 Notes and bonds, nominal2 3,602,109 0 - 13,388 3,602,109 Notes and bonds, inflation-indexed2 288,706 0 - 32,206 288,706 Inflation compensation3 102,175 + 326 - 6,084 102,294 Federal agency debt securities2 2,347 0 0 2,347 Mortgage-backed securities4 2,010,396 - 22 - 192,889 2,010,370 Unamortized premiums on securities held outright5 220,228 - 342 - 23,934 220,100 Unamortized discounts on securities held outright5 -24,861 - 73 - 838 -24,848 Repurchase agreements6 2 - 14 + 2 6 Foreign official 1 + 1 + 1 0 Others 2 - 14 + 2 6 Loans 4,956 + 55 + 570 4,937 Primary credit 4,902 + 49 + 2,385 4,884 Secondary credit 0 0 0 0 Seasonal credit 8 + 8 + 2 8 Paycheck Protection Program Liquidity Facility 46 - 1 - 1,817 45 Bank Term Funding Program 0 0 0 0 Other credit extensions7 0 0 0 0 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 1,325 + 1 - 5,990 1,325 Float -282 - 17 + 27 -295 Central bank liquidity swaps9 18 + 1 - 95 18 Other Federal Reserve assets10 35,159 + 2,834 + 109 36,232 Foreign currency denominated assets11 19,009 - 187 + 540 19,042 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 15,200 0 0 15,200 Treasury currency outstanding12 53,032 + 14 + 496 53,032 Total factors supplying reserve funds 6,701,244 + 11,367 - 108,341 6,707,104 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 18, 2026 Federal Reserve Banks Mar 18, 2026 Mar 11, 2026 Mar 19, 2025 Currency in circulation12 2,442,405 + 2,327 + 75,580 2,443,928 Reverse repurchase agreements13 327,066 + 8,045 - 189,886 331,352 Foreign official and international accounts 326,567 + 8,759 - 58,311 330,654 Others 499 - 714 - 131,574 698 Treasury cash holdings 372 + 81 - 37 375 Deposits with F.R. Banks, other than reserve balances 1,100,328 + 15,998 + 475,551 1,120,614 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 853,052 + 14,866 + 417,116 875,833 Foreign official 9,451 - 9 + 17 9,440 Other14 237,824 + 1,140 + 58,417 235,341 Treasury contributions to credit facilities15 821 0 - 2,640 821 Other liabilities and capital16 -189,744 + 2,585 - 19,116 -188,796 Total factors, other than reserve balances, absorbing reserve funds 3,681,248 + 29,036 + 339,453 3,708,295 Reserve balances with Federal Reserve Banks 3,019,995 - 17,670 - 447,794 2,998,809 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 18, 2026 Mar 18, 2026 Mar 11, 2026 Mar 19, 2025 Securities held in custody for foreign official and international accounts 3,025,191 - 21,046 - 279,121 3,015,118 Marketable U.S. Treasury securities1 2,727,665 - 22,186 - 208,759 2,717,226 Federal agency debt and mortgage-backed securities2 219,079 + 306 - 61,784 219,063 Other securities3 78,447 + 834 - 8,578 78,830 Securities lent to dealers 38,028 + 3,752 + 9,475 38,869 Overnight facility4 38,028 + 3,752 + 9,475 38,869 U.S. Treasury securities 38,028 + 3,752 + 9,475 38,869 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 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 3,273 1,658 7 0 0 ... 4,937 U.S. Treasury securities2 Holdings 76,381 291,434 509,503 1,390,753 496,286 1,594,240 4,358,597 Weekly changes + 21,831 - 9,026 - 6,060 + 147 + 38 + 122 + 7,052 Federal agency debt securities3 Holdings 0 0 0 2,134 213 0 2,347 Weekly changes 0 0 0 + 316 - 316 0 0 Mortgage-backed securities4 Holdings 0 21 14 4,862 81,366 1,924,106 2,010,370 Weekly changes 0 0 0 0 0 - 48 - 48 Loan participations held by MS Facilities 2020 LLC (Main Street Lending Program)5 884 33 88 0 ... ... 1,006 Repurchase agreements6 6 0 ... ... ... ... 6 Central bank liquidity swaps7 18 0 0 0 0 0 18 Reverse repurchase agreements6 331,352 0 ... ... ... ... 331,352 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 18, 2026 Mortgage-backed securities held outright1 2,010,370 Residential mortgage-backed securities 2,002,687 Commercial mortgage-backed securities 7,682 Commitments to buy mortgage-backed securities2 63 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 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) 0 225 1,100 1,325 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 18, 2026 Mar 11, 2026 Mar 19, 2025 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 15,200 0 0 Coin 1,529 - 10 - 45 Securities, unamortized premiums and discounts, repurchase agreements, and loans 6,571,509 + 6,894 - 94,950 Securities held outright1 6,371,314 + 7,004 - 71,077 U.S. Treasury securities 4,358,597 + 7,052 + 121,810 Bills2 365,488 + 6,726 + 170,145 Notes and bonds, nominal2 3,602,109 0 - 9,932 Notes and bonds, inflation-indexed2 288,706 0 - 32,206 Inflation compensation3 102,294 + 326 - 6,197 Federal agency debt securities2 2,347 0 0 Mortgage-backed securities4 2,010,370 - 48 - 192,887 Unamortized premiums on securities held outright5 220,100 - 348 - 23,920 Unamortized discounts on securities held outright5 -24,848 + 9 - 897 Repurchase agreements6 6 + 5 + 5 Loans7 4,937 + 223 + 939 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 1,325 0 - 5,951 Items in process of collection (0) 46 - 4 + 2 Bank premises 670 + 4 + 75 Central bank liquidity swaps9 18 + 1 - 95 Foreign currency denominated assets10 19,042 - 79 + 633 Other assets11 35,562 + 2,788 + 288 Total assets (0) 6,655,939 + 9,595 - 100,043 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 18, 2026 Mar 11, 2026 Mar 19, 2025 Liabilities Federal Reserve notes, net of F.R. Bank holdings 2,392,797 + 2,565 + 75,395 Reverse repurchase agreements12 331,352 + 5,892 - 240,125 Deposits (0) 4,119,424 - 1,589 + 86,354 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 2,998,809 - 74,342 - 426,904 U.S. Treasury, General Account 875,833 + 70,027 + 460,034 Foreign official 9,440 - 20 + 3 Other13 (0) 235,341 + 2,746 + 53,220 Deferred availability cash items (0) 341 + 20 - 6 Treasury contributions to credit facilities14 821 0 - 2,640 Other liabilities and accrued dividends15 -235,139 + 2,704 - 21,142 Total liabilities (0) 6,609,595 + 9,591 - 102,165 Capital accounts Capital paid in 39,558 + 2 + 2,121 Surplus 6,785 0 0 Other capital accounts 0 0 0 Total capital 46,343 + 2 + 2,121 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 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 1,529 53 62 187 45 213 102 254 36 65 109 145 258 Securities, unamortized premiums and discounts, repurchase agreements, and loans1 6,571,509 151,438 3,485,523 129,576 267,665 591,061 434,290 333,453 99,183 43,892 63,077 295,066 677,285 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)2 1,325 1,325 0 0 0 0 0 0 0 0 0 0 0 Central bank liquidity swaps3 18 1 6 1 2 4 1 1 0 0 0 1 2 Foreign currency denominated assets4 19,042 804 6,424 659 1,975 3,709 645 1,063 482 122 211 556 2,392 Other assets5 36,279 879 16,866 777 1,480 3,562 3,563 1,808 722 426 690 1,699 3,806 Interdistrict settlement account 0+ 6,943- 202,127- 10,170- 28,208- 15,133+ 7,990+ 86,412+ 8,930+ 19,129+ 28,416+ 32,329 + 65,489 Total assets 6,655,939 162,340 3,314,820 121,845 244,196 585,305 450,286 424,712 110,148 64,081 93,243 332,089 752,873 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 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 2,392,797 83,777 738,142 63,955 117,035 170,615 355,909 121,886 78,306 39,432 49,849 215,634 358,257 Reverse repurchase agreements6 331,352 7,629 175,850 6,537 13,504 29,821 21,914 16,810 4,999 2,213 3,180 14,862 34,033 Deposits 4,119,424 72,902 2,525,645 53,642 118,810 414,108 69,721 305,220 25,407 22,461 40,863 99,957 370,688 Depository institutions 2,998,809 72,893 1,582,098 53,641 118,776 413,475 69,701 129,048 25,401 22,409 40,835 99,876 370,657 U.S. Treasury, General Account 875,833 0 875,833 0 0 0 0 0 0 0 0 0 0 Foreign official 9,440 2 9,414 1 4 8 1 2 1 0 0 1 5 Other7 235,341 7 58,301 0 29 625 19 176,170 5 52 27 80 26 Earnings remittances due to the U.S. Treasury8 -244,502 -5,584 -143,063 -4,068 -10,446 -40,521 131 -22,505 18 -519 -1,522 54 -16,475 Treasury contributions to credit facilities9 821 821 0 0 0 0 0 0 0 0 0 0 0 Other liabilities and accrued dividends 9,704 851 3,375 246 405 1,222 849 762 285 215 237 382 875 Total liabilities 6,609,595 160,396 3,299,949 120,312 239,306 575,244 448,524 422,173 109,015 63,802 92,606 330,889 747,378 Capital Capital paid in 39,558 1,661 12,686 1,309 4,200 8,573 1,519 2,167 963 239 548 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 6,655,939 162,340 3,314,820 121,845 244,196 585,305 450,286 424,712 110,148 64,081 93,243 332,089 752,873 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 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 Mar 18, 2026 Federal Reserve notes outstanding 2,821,663 Less: Notes held by F.R. Banks not subject to collateralization 428,866 Federal Reserve notes to be collateralized 2,392,797 Collateral held against Federal Reserve notes 2,392,797 Gold certificate account 11,037 Special drawing rights certificate account 15,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 2,366,560 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 6,371,320 Less: Face value of securities under reverse repurchase agreements 376,091 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 5,995,229 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.