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 April 2, 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 Apr 1, 2026 Federal Reserve Banks Apr 1, 2026 Mar 25, 2026 Apr 2, 2025 Reserve Bank credit 6,620,582 + 6,973 - 66,735 6,627,512 Securities held outright1 6,383,140 + 7,461 - 37,892 6,389,232 U.S. Treasury securities 4,384,113 + 17,240 + 154,426 4,390,204 Bills2 390,470 + 16,911 + 195,127 396,427 Notes and bonds, nominal2 3,601,548 - 561 - 2,143 3,600,145 Notes and bonds, inflation-indexed2 289,267 + 561 - 31,873 290,669 Inflation compensation3 102,829 + 329 - 6,684 102,963 Federal agency debt securities2 2,347 0 0 2,347 Mortgage-backed securities4 1,996,680 - 9,778 - 192,319 1,996,680 Unamortized premiums on securities held outright5 219,237 - 538 - 23,817 219,111 Unamortized discounts on securities held outright5 -25,158 - 62 - 1,492 -25,245 Repurchase agreements6 109 + 100 - 264 750 Foreign official 1 - 1 - 370 0 Others 108 + 100 + 106 750 Loans 5,511 + 281 + 1,407 6,064 Primary credit 5,459 + 281 + 3,200 6,012 Secondary credit 0 0 0 0 Seasonal credit 10 + 1 + 9 9 Paycheck Protection Program Liquidity Facility 43 0 - 1,800 43 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 1,327 + 2 - 5,960 1,331 Float -456 - 174 + 160 -832 Central bank liquidity swaps9 180 + 152 + 85 180 Other Federal Reserve assets10 36,692 - 249 + 1,038 36,921 Foreign currency denominated assets11 19,065 - 47 + 695 19,206 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 15,200 0 0 15,200 Treasury currency outstanding12 53,060 + 14 + 513 53,060 Total factors supplying reserve funds 6,718,948 + 6,940 - 65,527 6,726,018 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 Apr 1, 2026 Federal Reserve Banks Apr 1, 2026 Mar 25, 2026 Apr 2, 2025 Currency in circulation12 2,448,221 + 3,187 + 74,123 2,450,588 Reverse repurchase agreements13 332,861 + 1,989 - 346,962 339,594 Foreign official and international accounts 329,646 - 389 - 62,430 337,487 Others 3,215 + 2,378 - 284,532 2,107 Treasury cash holdings 384 + 7 - 47 387 Deposits with F.R. Banks, other than reserve balances 1,098,811 - 33,567 + 579,579 1,058,188 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 847,718 - 26,359 + 534,392 803,553 Foreign official 9,440 - 28 + 3 9,440 Other14 241,653 - 7,180 + 45,185 245,195 Treasury contributions to credit facilities15 821 0 - 2,640 821 Other liabilities and capital16 -188,858 + 2,572 - 16,951 -188,020 Total factors, other than reserve balances, absorbing reserve funds 3,692,240 - 25,812 + 287,104 3,661,557 Reserve balances with Federal Reserve Banks 3,026,708 + 32,753 - 352,631 3,064,460 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 Apr 1, 2026 Apr 1, 2026 Mar 25, 2026 Apr 2, 2025 Securities held in custody for foreign official and international accounts 3,012,467 + 3,292 - 280,844 3,026,549 Marketable U.S. Treasury securities1 2,717,328 + 5,071 - 212,606 2,731,840 Federal agency debt and mortgage-backed securities2 217,236 - 833 - 58,288 217,241 Other securities3 77,903 - 945 - 9,949 77,468 Securities lent to dealers 43,582 + 8,231 + 13,271 46,472 Overnight facility4 43,582 + 8,231 + 13,271 46,472 U.S. Treasury securities 43,582 + 8,231 + 13,271 46,472 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, April 1, 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 2,575 3,489 0 0 0 ... 6,064 U.S. Treasury securities2 Holdings 66,965 328,018 516,388 1,380,156 502,855 1,595,823 4,390,204 Weekly changes - 2,013 + 24,001 - 4,126 - 10,729 + 6,541 + 1,466 + 15,140 Federal agency debt securities3 Holdings 0 0 0 2,134 213 0 2,347 Weekly changes 0 0 0 0 0 0 0 Mortgage-backed securities4 Holdings 0 19 15 4,797 79,972 1,911,878 1,996,680 Weekly changes 0 0 + 1 - 1 0 0 0 Loan participations held by MS Facilities 2020 LLC (Main Street Lending Program)5 759 54 81 0 ... ... 895 Repurchase agreements6 750 0 ... ... ... ... 750 Central bank liquidity swaps7 180 0 0 0 0 0 180 Reverse repurchase agreements6 339,594 0 ... ... ... ... 339,594 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 Apr 1, 2026 Mortgage-backed securities held outright1 1,996,680 Residential mortgage-backed securities 1,989,009 Commercial mortgage-backed securities 7,672 Commitments to buy mortgage-backed securities2 15 Commitments to sell mortgage-backed securities2 146 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 Apr 1, 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) 0 164 1,168 1,331 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 Apr 1, 2026 Mar 25, 2026 Apr 2, 2025 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 15,200 0 0 Coin 1,505 - 12 - 47 Securities, unamortized premiums and discounts, repurchase agreements, and loans 6,589,912 + 16,165 - 43,790 Securities held outright1 6,389,232 + 15,140 - 21,163 U.S. Treasury securities 4,390,204 + 15,140 + 171,155 Bills2 396,427 + 14,797 + 201,084 Notes and bonds, nominal2 3,600,145 - 1,964 + 7,588 Notes and bonds, inflation-indexed2 290,669 + 1,963 - 30,774 Inflation compensation3 102,963 + 343 - 6,743 Federal agency debt securities2 2,347 0 0 Mortgage-backed securities4 1,996,680 0 - 192,319 Unamortized premiums on securities held outright5 219,111 - 344 - 23,795 Unamortized discounts on securities held outright5 -25,245 - 168 - 1,644 Repurchase agreements6 750 + 743 + 750 Loans7 6,064 + 793 + 2,063 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 1,331 + 6 - 5,963 Items in process of collection (0) 53 - 8 0 Bank premises 655 - 19 + 72 Central bank liquidity swaps9 180 + 152 + 85 Foreign currency denominated assets10 19,206 + 83 + 663 Other assets11 36,266 + 1,817 + 873 Total assets (0) 6,675,344 + 18,183 - 48,108 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 Apr 1, 2026 Mar 25, 2026 Apr 2, 2025 Liabilities Federal Reserve notes, net of F.R. Bank holdings 2,399,416 + 3,961 + 73,750 Reverse repurchase agreements12 339,594 + 5,458 - 282,659 Deposits (0) 4,122,648 + 5,562 + 179,698 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 3,064,460 + 28,387 - 362,589 U.S. Treasury, General Account 803,553 - 33,859 + 501,929 Foreign official 9,440 + 3 + 1 Other13 (0) 245,195 + 11,032 + 40,357 Deferred availability cash items (0) 885 + 551 + 299 Treasury contributions to credit facilities14 821 0 - 2,640 Other liabilities and accrued dividends15 -234,501 + 2,603 - 18,850 Total liabilities (0) 6,628,863 + 18,135 - 50,401 Capital accounts Capital paid in 39,696 + 48 + 2,294 Surplus 6,785 0 0 Other capital accounts 0 0 0 Total capital 46,481 + 48 + 2,294 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, April 1, 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 1,505 52 62 183 42 213 99 254 33 65 109 137 256 Securities, unamortized premiums and discounts, repurchase agreements, and loans1 6,589,912 152,004 3,494,707 129,929 268,367 592,590 435,446 334,553 99,426 44,012 63,249 295,538 680,092 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)2 1,331 1,331 0 0 0 0 0 0 0 0 0 0 0 Central bank liquidity swaps3 180 8 58 6 18 39 6 10 5 1 2 5 21 Foreign currency denominated assets4 19,206 801 6,188 633 1,952 4,212 684 1,050 481 114 253 545 2,292 Other assets5 36,974 893 17,223 789 1,507 3,604 3,614 1,842 730 464 697 1,727 3,883 Interdistrict settlement account 0+ 41,202- 223,881- 8,982- 23,438- 33,407+ 11,937+ 107,929+ 9,375+ 20,268+ 34,123+ 42,151 + 22,723 Total assets 6,675,344 197,190 3,302,422 123,373 249,686 569,143 455,482 447,357 110,843 65,370 99,173 342,397 712,908 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, April 1, 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 2,399,416 84,067 741,659 63,788 116,860 170,826 355,137 122,836 78,496 39,953 50,348 216,466 358,979 Reverse repurchase agreements6 339,594 7,819 180,224 6,700 13,839 30,562 22,460 17,228 5,124 2,268 3,259 15,232 34,879 Deposits 4,122,648 107,259 2,504,564 55,147 124,078 397,094 74,594 326,632 25,782 23,170 46,232 109,039 329,058 Depository institutions 3,064,460 107,250 1,629,167 55,146 124,033 396,530 74,501 144,760 25,779 23,112 46,201 108,948 329,034 U.S. Treasury, General Account 803,553 0 803,553 0 0 0 0 0 0 0 0 0 0 Foreign official 9,440 2 9,413 1 4 9 1 2 1 0 1 1 5 Other7 245,195 7 62,431 0 41 556 92 181,870 3 58 30 89 19 Earnings remittances due to the U.S. Treasury8 -243,900 -5,575 -142,444 -4,038 -10,379 -40,623 156 -22,668 24 -518 -1,536 62 -16,360 Treasury contributions to credit facilities9 821 821 0 0 0 0 0 0 0 0 0 0 0 Other liabilities and accrued dividends 10,284 855 3,460 244 398 1,222 1,372 772 279 212 239 373 857 Total liabilities 6,628,863 195,246 3,287,464 121,840 244,796 559,081 453,719 444,800 109,706 65,085 98,542 341,171 707,413 Capital Capital paid in 39,696 1,661 12,773 1,309 4,200 8,573 1,521 2,186 968 244 542 1,034 4,686 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 6,675,344 197,190 3,302,422 123,373 249,686 569,143 455,482 447,357 110,843 65,370 99,173 342,397 712,908 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, April 1, 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 Apr 1, 2026 Federal Reserve notes outstanding 2,820,576 Less: Notes held by F.R. Banks not subject to collateralization 421,160 Federal Reserve notes to be collateralized 2,399,416 Collateral held against Federal Reserve notes 2,399,416 Gold certificate account 11,037 Special drawing rights certificate account 15,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 2,373,179 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 6,389,982 Less: Face value of securities under reverse repurchase agreements 386,595 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 6,003,386 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.