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 May 7, 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 May 6, 2026 Federal Reserve Banks May 6, 2026 Apr 29, 2026 May 7, 2025 Reserve Bank credit 6,654,789 - 1,877 - 7,825 6,662,000 Securities held outright1 6,410,736 - 1,624 + 19,485 6,417,568 U.S. Treasury securities 4,427,329 + 5,357 + 211,369 4,434,161 Bills2 431,355 + 4,696 + 236,001 437,857 Notes and bonds, nominal2 3,615,393 - 3,273 + 17,978 3,615,393 Notes and bonds, inflation-indexed2 279,041 + 3,272 - 34,726 279,041 Inflation compensation3 101,538 + 659 - 7,885 101,869 Federal agency debt securities2 2,347 0 0 2,347 Mortgage-backed securities4 1,981,060 - 6,981 - 191,885 1,981,060 Unamortized premiums on securities held outright5 217,282 - 448 - 23,513 217,174 Unamortized discounts on securities held outright5 -25,443 - 83 - 1,754 -25,426 Repurchase agreements6 5 + 4 - 10 2 Foreign official 0 0 0 2 Others 4 + 3 - 11 0 Loans 6,480 + 388 + 1,929 5,772 Primary credit 6,439 + 387 + 3,700 5,735 Secondary credit 3 + 3 + 2 0 Seasonal credit 8 - 2 - 7 8 Paycheck Protection Program Liquidity Facility 29 - 1 - 1,767 29 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 1,402 + 2 - 5,411 1,404 Float -355 + 58 - 49 -298 Central bank liquidity swaps9 206 + 186 + 146 206 Other Federal Reserve assets10 44,477 - 359 + 1,354 45,598 Foreign currency denominated assets11 19,504 + 200 + 281 19,478 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 15,200 0 0 15,200 Treasury currency outstanding12 53,130 + 14 + 580 53,130 Total factors supplying reserve funds 6,753,663 - 1,664 - 6,965 6,760,849 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 May 6, 2026 Federal Reserve Banks May 6, 2026 Apr 29, 2026 May 7, 2025 Currency in circulation12 2,455,805 + 2,314 + 73,421 2,457,248 Reverse repurchase agreements13 322,568 + 4,570 - 193,825 322,686 Foreign official and international accounts 320,646 + 2,950 - 51,403 321,053 Others 1,922 + 1,620 - 142,422 1,633 Treasury cash holdings 396 0 - 103 397 Deposits with F.R. Banks, other than reserve balances 1,130,088 - 121,240 + 313,247 1,115,126 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 877,761 - 104,168 + 294,034 862,757 Foreign official 9,549 + 107 + 108 9,443 Other14 242,778 - 17,179 + 19,105 242,926 Treasury contributions to credit facilities15 821 0 - 2,640 821 Other liabilities and capital16 -188,603 - 1,296 - 11,018 -186,909 Total factors, other than reserve balances, absorbing reserve funds 3,721,075 - 115,652 + 179,083 3,709,368 Reserve balances with Federal Reserve Banks 3,032,588 + 113,989 - 186,048 3,051,481 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 May 6, 2026 May 6, 2026 Apr 29, 2026 May 7, 2025 Securities held in custody for foreign official and international accounts 3,028,906 + 10,632 - 238,656 3,017,501 Marketable U.S. Treasury securities1 2,737,892 + 10,937 - 174,894 2,726,298 Federal agency debt and mortgage-backed securities2 215,615 - 420 - 55,325 215,609 Other securities3 75,399 + 114 - 8,437 75,593 Securities lent to dealers 44,415 + 7,419 + 14,034 46,835 Overnight facility4 44,415 + 7,419 + 14,034 46,835 U.S. Treasury securities 44,415 + 7,419 + 14,034 46,835 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, May 6, 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 2,290 3,482 0 0 0 ... 5,772 U.S. Treasury securities2 Holdings 92,033 322,685 507,653 1,394,175 515,328 1,602,287 4,434,161 Weekly changes + 1,405 + 518 - 6,428 + 5,369 + 5,615 + 1,945 + 8,424 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 7 15 5,441 86,512 1,889,085 1,981,060 Weekly changes 0 0 0 + 624 + 4,157 - 4,782 0 Loan participations held by MS Facilities 2020 LLC (Main Street Lending Program)5 631 68 94 0 ... ... 792 Repurchase agreements6 2 0 ... ... ... ... 2 Central bank liquidity swaps7 206 0 0 0 0 0 206 Reverse repurchase agreements6 322,686 0 ... ... ... ... 322,686 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 May 6, 2026 Mortgage-backed securities held outright1 1,981,060 Residential mortgage-backed securities 1,973,438 Commercial mortgage-backed securities 7,622 Commitments to buy mortgage-backed securities2 0 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 May 6, 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) 0 154 1,249 1,404 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 March 31, 2026. 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 May 6, 2026 Apr 29, 2026 May 7, 2025 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 15,200 0 0 Coin 1,429 - 17 - 61 Securities, unamortized premiums and discounts, repurchase agreements, and loans 6,615,091 + 7,656 + 2,375 Securities held outright1 6,417,568 + 8,424 + 26,173 U.S. Treasury securities 4,434,161 + 8,424 + 218,058 Bills2 437,857 + 7,585 + 242,439 Notes and bonds, nominal2 3,615,393 - 3,273 + 17,978 Notes and bonds, inflation-indexed2 279,041 + 3,272 - 34,726 Inflation compensation3 101,869 + 839 - 7,633 Federal agency debt securities2 2,347 0 0 Mortgage-backed securities4 1,981,060 0 - 191,885 Unamortized premiums on securities held outright5 217,174 - 298 - 23,492 Unamortized discounts on securities held outright5 -25,426 - 99 - 1,805 Repurchase agreements6 2 + 1 - 5 Loans7 5,772 - 373 + 1,503 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 1,404 + 2 - 5,418 Items in process of collection (0) 62 + 16 - 15 Bank premises 653 - 22 + 87 Central bank liquidity swaps9 206 + 186 + 146 Foreign currency denominated assets10 19,478 + 220 + 217 Other assets11 44,945 + 1,514 + 1,286 Total assets (0) 6,709,505 + 9,555 - 1,384 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 May 6, 2026 Apr 29, 2026 May 7, 2025 Liabilities Federal Reserve notes, net of F.R. Bank holdings 2,405,940 + 2,332 + 72,214 Reverse repurchase agreements12 322,686 - 25 - 201,868 Deposits (0) 4,166,607 + 8,638 + 141,148 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 3,051,481 + 132,324 - 149,138 U.S. Treasury, General Account 862,757 - 125,345 + 266,897 Foreign official 9,443 + 2 + 2 Other13 (0) 242,926 + 1,657 + 23,387 Deferred availability cash items (0) 361 - 1,052 - 46 Treasury contributions to credit facilities14 821 0 - 2,640 Other liabilities and accrued dividends15 -234,121 - 1,053 - 13,060 Total liabilities (0) 6,662,293 + 8,838 - 4,252 Capital accounts Capital paid in 40,427 + 717 + 2,869 Surplus 6,785 0 0 Other capital accounts 0 0 0 Total capital 47,212 + 717 + 2,869 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, May 6, 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 26,237 891 8,007 818 1,240 1,901 3,698 1,737 791 452 758 2,291 3,653 Coin 1,429 52 61 174 39 200 90 251 28 64 109 117 245 Securities, unamortized premiums and discounts, repurchase agreements, and loans1 6,615,091 165,778 3,359,143 131,466 255,276 545,367 463,523 414,713 109,359 56,814 82,410 324,535 706,705 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)2 1,404 1,404 0 0 0 0 0 0 0 0 0 0 0 Central bank liquidity swaps3 206 9 66 7 21 45 7 11 5 1 3 6 25 Foreign currency denominated assets4 19,478 813 6,275 642 1,980 4,272 694 1,065 487 116 256 553 2,325 Other assets5 45,660 1,168 20,879 974 1,754 4,105 4,312 2,749 1,098 573 869 2,293 4,886 Interdistrict settlement account 0+ 12,048+ 80,956- 7,207- 31,243- 42,371- 26,185+ 15,237- 4,250+ 3,542+ 9,314- 10,389 + 548 Total assets 6,709,505 182,161 3,475,388 126,874 229,066 513,519 446,140 435,763 107,520 61,562 93,719 319,406 718,386 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, May 6, 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 2,405,940 83,861 746,514 64,062 117,236 170,208 352,366 124,367 78,502 40,133 50,991 217,736 359,964 Reverse repurchase agreements6 322,686 8,065 163,975 6,415 12,461 26,611 22,625 20,225 5,333 2,773 4,020 15,818 34,366 Deposits 4,166,607 92,143 2,688,112 58,606 103,893 346,426 68,299 310,906 22,228 18,656 39,265 84,208 333,865 Depository institutions 3,051,481 92,127 1,757,511 58,605 103,857 345,267 68,286 127,830 22,224 18,588 39,237 84,125 333,825 U.S. Treasury, General Account 862,757 0 862,757 0 0 0 0 0 0 0 0 0 0 Foreign official 9,443 2 9,416 1 4 9 1 2 1 0 1 1 5 Other7 242,926 15 58,428 0 32 1,151 11 183,074 3 68 27 82 35 Earnings remittances due to the U.S. Treasury8 -241,578 -5,573 -140,538 -3,964 -10,235 -40,776 195 -22,868 39 -484 -1,528 110 -15,956 Treasury contributions to credit facilities9 821 821 0 0 0 0 0 0 0 0 0 0 0 Other liabilities and accrued dividends 7,818 908 2,360 220 339 979 806 561 273 200 214 317 638 Total liabilities 6,662,293 180,225 3,460,423 125,340 223,693 503,449 444,291 433,190 106,375 61,277 92,962 318,189 712,878 Capital Capital paid in 40,427 1,653 12,779 1,310 4,683 8,582 1,607 2,202 975 245 667 1,024 4,698 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 6,709,505 182,161 3,475,388 126,874 229,066 513,519 446,140 435,763 107,520 61,562 93,719 319,406 718,386 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, May 6, 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 May 6, 2026 Federal Reserve notes outstanding 2,823,672 Less: Notes held by F.R. Banks not subject to collateralization 417,732 Federal Reserve notes to be collateralized 2,405,940 Collateral held against Federal Reserve notes 2,405,940 Gold certificate account 11,037 Special drawing rights certificate account 15,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 2,379,703 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 6,417,570 Less: Face value of securities under reverse repurchase agreements 363,645 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 6,053,925 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.