Federal Reserve Balance Sheet: Factors Affecting Reserve Balances - H.4.1

Please enable JavaScript if it is disabled in your browser or access the information through the links provided below.

Current Release PDF RSS Data Download FRED

Release Date: June 11, 2026

Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Reserve Bank credit, related items, and reserve balances of depository institutions at Federal Reserve Banks	Averages of daily figures			Wednesday Jun 10, 2026
	Week ended Jun 10, 2026	Change from week ended
	Week ended Jun 10, 2026	Jun 3, 2026	Jun 11, 2025
Reserve Bank credit	6,672,581	+ 8,055	+ 44,946	6,678,252
Securities held outright1	6,443,015	+ 6,856	+ 72,222	6,447,053
U.S. Treasury securities	4,475,882	+ 6,856	+ 263,597	4,479,919
Bills2	475,578	+ 6,106	+ 280,160	479,336
Notes and bonds, nominal2	3,615,368	- 22	+ 22,878	3,615,368
Notes and bonds, inflation-indexed2	279,041	0	- 34,726	279,041
Inflation compensation3	105,894	+ 771	- 4,715	106,174
Federal agency debt securities2	2,347	0	0	2,347
Mortgage-backed securities4	1,964,786	0	- 191,375	1,964,786
Unamortized premiums on securities held outright5	215,522	- 267	- 22,901	215,417
Unamortized discounts on securities held outright5	-25,551	+ 10	- 1,586	-25,558
Repurchase agreements6	18	+ 13	+ 2	5
Foreign official	1	+ 1	+ 1	1
Others	17	+ 12	+ 1	4
Loans	6,085	- 282	+ 1,239	6,658
Primary credit	6,035	- 290	+ 2,968	6,606
Secondary credit	0	0	0	0
Seasonal credit	24	+ 8	- 6	27
Paycheck Protection Program Liquidity Facility	25	- 1	- 1,723	25
Other credit extensions	0	0	0	0
Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)7	600	+ 1	- 4,701	602
Float	-344	+ 168	- 51	-372
Central bank liquidity swaps8	28	- 88	- 17	28
Other Federal Reserve assets9	33,208	+ 1,643	+ 739	34,419
Foreign currency denominated assets10	19,134	- 159	- 188	19,122
Gold stock	11,041	0	0	11,041
Special drawing rights certificate account	15,200	0	0	15,200
Treasury currency outstanding11	53,200	+ 14	+ 636	53,200

Total factors supplying reserve funds	6,771,155	+ 7,909	+ 45,393	6,776,815

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 reserve balances of depository institutions at Federal Reserve Banks	Averages of daily figures			Wednesday Jun 10, 2026
	Week ended Jun 10, 2026	Change from week ended
	Week ended Jun 10, 2026	Jun 3, 2026	Jun 11, 2025
Currency in circulation11	2,466,713	+ 968	+ 77,721	2,467,346
Reverse repurchase agreements12	313,913	- 11,023	- 227,771	317,298
Foreign official and international accounts	313,028	- 5,900	- 61,907	316,911
Others	886	- 5,123	- 165,863	387
Treasury cash holdings	390	- 1	- 74	397
Deposits with F.R. Banks, other than reserve balances	1,090,267	- 52,330	+ 528,142	1,060,112
Term deposits held by depository institutions	0	0	0	0
U.S. Treasury, General Account	828,122	- 47,591	+ 495,215	801,084
Foreign official	11,072	+ 296	+ 1,572	9,440
Other13	251,073	- 5,035	+ 31,355	249,587
Treasury contributions to credit facilities14	0	0	- 2,029	0
Other liabilities and capital15	-180,852	+ 3,474	- 4,213	-179,792

Total factors, other than reserve balances, absorbing reserve funds	3,690,432	- 58,912	+ 371,778	3,665,361

Reserve balances with Federal Reserve Banks	3,080,723	+ 66,821	- 326,385	3,111,454

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 assets purchased pursuant to terms of the credit facility and amounts related to Treasury contributions to the facility. Refer to note on consolidation below.
8.	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.
9.	Includes bank premises, accrued interest, and other accounts receivable.
10.	Revalued daily at current foreign currency exchange rates.
11.	Estimated.
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.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.

H.4.1

1A. Memorandum Items

Millions of dollars

Memorandum item	Averages of daily figures			Wednesday Jun 10, 2026
	Week ended Jun 10, 2026	Change from week ended
	Week ended Jun 10, 2026	Jun 3, 2026	Jun 11, 2025
Securities held in custody for foreign official and international accounts	2,927,892	- 23,541	- 305,134	2,917,965
Marketable U.S. Treasury securities1	2,643,472	- 23,130	- 241,396	2,633,409
Federal agency debt and mortgage-backed securities2	209,264	+ 4	- 54,721	209,264
Other securities3	75,157	- 414	- 9,016	75,292
Securities lent to dealers	38,507	+ 511	+ 4,841	37,953
Overnight facility4	38,507	+ 511	+ 4,841	37,953
U.S. Treasury securities	38,507	+ 511	+ 4,841	37,953
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, June 10, 2026

Millions of dollars

Remaining Maturity	Within 15 days	16 days to 90 days	91 days to 1 year	Over 1 year to 5 years	Over 5 year to 10 years	Over 10 years	All
Loans1	3,412	3,247	0	0	0	...	6,658
U.S. Treasury securities2
Holdings	80,855	371,295	503,555	1,426,683	485,348	1,612,183	4,479,919
Weekly changes	+ 2,093	+ 278	+ 7,578	+ 323	+ 71	+ 284	+ 10,626
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	6	43	5,378	90,238	1,869,122	1,964,786
Weekly changes	0	0	0	0	+ 5,330	- 5,329	0
Loan participations held by MS
Facilities 2020 LLC (Main Street
Lending Program)5	624	23	95	0	...	...	742
Repurchase agreements6	5	0	...	...	...	...	5
Central bank liquidity swaps7	28	0	0	0	0	0	28
Reverse repurchase agreements6	317,298	0	...	...	...	...	317,298
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

Account name	Wednesday
Account name	Jun 10, 2026
Mortgage-backed securities held outright1	1,964,786
Residential mortgage-backed securities	1,957,188
Commercial mortgage-backed securities	7,599

Commitments to buy mortgage-backed securities2	149
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

Credit Facilities LLC:	Wednesday Jun 10, 2026
		Net portfolio holdings of
		Credit Facilities LLC
	Outstanding
	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	106	496	602

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

Assets, liabilities, and capital	Eliminations from consolidation	Wednesday Jun 10, 2026	Change since
			Wednesday	Wednesday
			Jun 3, 2026	Jun 11, 2025
Assets
Gold certificate account		11,037	0	0
Special drawing rights certificate account		15,200	0	0
Coin		1,367	- 2	- 96
Securities, unamortized premiums and discounts, repurchase agreements, and loans		6,643,575	+ 10,871	+ 52,522
Securities held outright1		6,447,053	+ 10,627	+ 76,147
U.S. Treasury securities		4,479,919	+ 10,626	+ 267,521
Bills2		479,336	+ 9,864	+ 283,918
Notes and bonds, nominal2		3,615,368	0	+ 22,878
Notes and bonds, inflation-indexed2		279,041	0	- 34,726
Inflation compensation3		106,174	+ 762	- 4,549
Federal agency debt securities2		2,347	0	0
Mortgage-backed securities4		1,964,786	0	- 191,375
Unamortized premiums on securities held outright5		215,417	- 261	- 22,863
Unamortized discounts on securities held outright5		-25,558	- 34	- 1,661
Repurchase agreements6		5	+ 1	+ 5
Loans7		6,658	+ 538	+ 895
Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8		602	+ 2	- 4,717
Items in process of collection	(0)	47	- 1	- 8
Bank premises		665	+ 10	+ 103
Central bank liquidity swaps9		28	- 88	- 17
Foreign currency denominated assets10		19,122	- 77	- 282
Other assets11		33,754	+ 3,185	+ 738

Total assets	(0)	6,725,397	+ 13,902	+ 48,242

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

Assets, liabilities, and capital	Eliminations from consolidation	Wednesday Jun 10, 2026	Change since
			Wednesday	Wednesday
			Jun 3, 2026	Jun 11, 2025
Liabilities
Federal Reserve notes, net of F.R. Bank holdings		2,415,907	+ 367	+ 77,320
Reverse repurchase agreements12		317,298	- 8,490	- 258,762
Deposits	(0)	4,171,565	+ 18,636	+ 235,798
Term deposits held by depository institutions		0	0	0
Other deposits held by depository institutions		3,111,454	+ 65,800	- 318,221
U.S. Treasury, General Account		801,084	- 44,638	+ 524,059
Foreign official		9,440	- 3,817	+ 12
Other13	(0)	249,587	+ 1,290	+ 29,949
Deferred availability cash items	(0)	419	+ 89	- 37
Treasury contributions to credit facilities14		0	0	- 2,029
Other liabilities and accrued dividends15		-227,519	+ 3,300	- 6,259

Total liabilities	(0)	6,677,670	+ 13,902	+ 46,031

Capital accounts
Capital paid in		40,943	+ 1	+ 2,212
Surplus		6,785	0	0
Other capital accounts		0	0	0

Total capital		47,728	+ 1	+ 2,212

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 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, June 10, 2026

Millions of dollars

Assets, liabilities, and capital	Total	Boston	New York	Philadelphia	Cleveland	Richmond	Atlanta	Chicago	St. Louis	Minneapolis	Kansas	Dallas	San
Assets, liabilities, and capital	Total	Boston	New York	Philadelphia	Cleveland	Richmond	Atlanta	Chicago	St. Louis	Minneapolis	City	Dallas	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	1,367	46	58	172	35	195	90	242	27	62	103	113	225
Securities, unamortized premiums and discounts, repurchase agreements, and loans1	6,643,575	166,451	3,373,031	132,060	256,340	547,639	465,396	416,241	109,817	57,118	82,702	325,863	710,916
Net portfolio holdings of MS
Facilities 2020 LLC (Main Street
Lending Program)2	602	602	0	0	0	0	0	0	0	0	0	0	0
Central bank liquidity swaps3	28	1	9	1	3	6	1	2	1	0	0	1	3
Foreign currency denominated
assets4	19,122	798	6,160	631	1,944	4,194	681	1,045	479	113	252	543	2,282
Other assets5	34,466	883	15,126	749	1,338	3,194	3,489	2,038	950	502	762	1,741	3,695
Interdistrict settlement account	0	- 5,458	+ 39,374	- 11,593	- 3,298	- 9,636	- 30,405	+ 6,846	- 3,933	+ 3,623	+ 10,977	- 2,528	+ 6,031

Total assets	6,725,397	164,215	3,441,765	122,838	257,601	547,494	442,950	428,150	108,131	61,870	95,554	328,024	726,805

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, June 10, 2026 (continued)

Millions of dollars

Assets, liabilities, and capital	Total	Boston	New York	Philadelphia	Cleveland	Richmond	Atlanta	Chicago	St. Louis	Minneapolis	Kansas	Dallas	San
Assets, liabilities, and capital	Total	Boston	New York	Philadelphia	Cleveland	Richmond	Atlanta	Chicago	St. Louis	Minneapolis	City	Dallas	Francisco
Liabilities
Federal Reserve notes, net	2,415,907	83,742	745,753	64,409	118,625	170,288	350,476	126,257	78,402	40,440	53,923	219,929	363,663
Reverse repurchase agreements6	317,298	7,930	161,237	6,307	12,253	26,167	22,247	19,887	5,244	2,726	3,953	15,554	33,792
Deposits	4,171,565	75,097	2,653,705	54,136	130,896	380,171	67,288	301,533	22,950	18,611	38,130	90,838	338,209
Depository institutions	3,111,454	75,087	1,771,773	54,135	130,868	379,214	67,275	124,606	22,897	18,552	38,104	90,775	338,169
U.S. Treasury, General Account	801,084	0	801,084	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	249,587	8	71,435	0	24	948	12	176,925	53	60	26	62	35
Earnings remittances due to the U.S. Treasury8	-237,738	-5,486	-138,015	-3,840	-9,992	-40,645	173	-22,898	46	-409	-1,463	93	-15,303
Treasury contributions to credit facilities9	0	0	0	0	0	0	0	0	0	0	0	0	0
Other liabilities and accrued dividends	10,638	995	3,713	265	446	1,441	917	800	292	216	252	392	910

Total liabilities	6,677,670	162,278	3,426,394	121,278	252,228	537,423	441,102	425,577	106,934	61,585	94,794	326,806	721,271

Capital
Capital paid in	40,943	1,653	13,186	1,336	4,683	8,582	1,607	2,202	1,027	245	671	1,025	4,725
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	6,725,397	164,215	3,441,765	122,838	257,601	547,494	442,950	428,150	108,131	61,870	95,554	328,024	726,805

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, June 10, 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

Federal Reserve notes and collateral	Wednesday
Federal Reserve notes and collateral	Jun 10, 2026
Federal Reserve notes outstanding	2,824,440
Less: Notes held by F.R. Banks not subject to collateralization	408,533
Federal Reserve notes to be collateralized	2,415,907
Collateral held against Federal Reserve notes	2,415,907
Gold certificate account	11,037
Special drawing rights certificate account	15,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2	2,389,670
Other assets pledged	0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities1,2	6,447,058
Less: Face value of securities under reverse repurchase agreements	355,296
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged	6,091,761

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.

Last Update: June 11, 2026