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 18, 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 17, 2026
	Week ended Jun 17, 2026	Change from week ended
	Week ended Jun 17, 2026	Jun 10, 2026	Jun 18, 2025
Reserve Bank credit	6,681,457	+ 8,876	+ 49,684	6,688,812
Securities held outright1	6,448,531	+ 5,516	+ 77,572	6,454,464
U.S. Treasury securities	4,481,350	+ 5,468	+ 268,942	4,487,319
Bills2	480,284	+ 4,706	+ 284,866	485,974
Notes and bonds, nominal2	3,615,368	0	+ 23,070	3,615,368
Notes and bonds, inflation-indexed2	279,041	0	- 34,726	279,041
Inflation compensation3	106,656	+ 762	- 4,268	106,935
Federal agency debt securities2	2,347	0	0	2,347
Mortgage-backed securities4	1,964,835	+ 49	- 191,370	1,964,798
Unamortized premiums on securities held outright5	215,225	- 297	- 22,791	215,113
Unamortized discounts on securities held outright5	-25,649	- 98	- 1,724	-25,650
Repurchase agreements6	4	- 14	+ 4	2
Foreign official	0	- 1	0	0
Others	4	- 13	+ 4	2
Loans	6,741	+ 656	+ 458	7,642
Primary credit	6,687	+ 652	+ 2,173	7,572
Secondary credit	3	+ 3	+ 3	22
Seasonal credit	28	+ 4	- 3	29
Paycheck Protection Program Liquidity Facility	23	- 2	- 1,715	19
Other credit extensions	0	0	0	0
Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)7	601	+ 1	- 4,648	599
Float	-359	- 15	- 23	-778
Central bank liquidity swaps8	49	+ 21	+ 28	49
Other Federal Reserve assets9	36,313	+ 3,105	+ 808	37,370
Foreign currency denominated assets10	19,165	+ 31	- 328	19,188
Gold stock	11,041	0	0	11,041
Special drawing rights certificate account	15,200	0	0	15,200
Treasury currency outstanding11	53,214	+ 14	+ 650	53,214

Total factors supplying reserve funds	6,780,076	+ 8,921	+ 50,005	6,787,454

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 17, 2026
	Week ended Jun 17, 2026	Change from week ended
	Week ended Jun 17, 2026	Jun 10, 2026	Jun 18, 2025
Currency in circulation11	2,468,083	+ 1,370	+ 78,337	2,470,831
Reverse repurchase agreements12	316,978	+ 3,065	- 226,218	335,625
Foreign official and international accounts	314,127	+ 1,099	- 57,340	328,797
Others	2,850	+ 1,964	- 168,879	6,828
Treasury cash holdings	395	+ 5	- 61	385
Deposits with F.R. Banks, other than reserve balances	1,143,381	+ 53,114	+ 575,063	1,225,445
Term deposits held by depository institutions	0	0	0	0
U.S. Treasury, General Account	880,713	+ 52,591	+ 542,951	956,502
Foreign official	9,440	- 1,632	+ 10	9,440
Other13	253,227	+ 2,154	+ 32,101	259,503
Treasury contributions to credit facilities14	0	0	- 2,029	0
Other liabilities and capital15	-182,205	- 1,353	- 2,167	-181,188

Total factors, other than reserve balances, absorbing reserve funds	3,746,632	+ 56,200	+ 422,926	3,851,099

Reserve balances with Federal Reserve Banks	3,033,444	- 47,279	- 372,922	2,936,355

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 17, 2026
	Week ended Jun 17, 2026	Change from week ended
	Week ended Jun 17, 2026	Jun 10, 2026	Jun 18, 2025
Securities held in custody for foreign official and international accounts	2,920,519	- 7,373	- 305,916	2,916,315
Marketable U.S. Treasury securities1	2,635,605	- 7,867	- 242,549	2,631,291
Federal agency debt and mortgage-backed securities2	209,582	+ 318	- 54,589	209,717
Other securities3	75,332	+ 175	- 8,779	75,307
Securities lent to dealers	33,929	- 4,578	+ 4,645	30,974
Overnight facility4	33,929	- 4,578	+ 4,645	30,974
U.S. Treasury securities	33,929	- 4,578	+ 4,645	30,974
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 17, 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	4,445	3,197	0	0	0	...	7,642
U.S. Treasury securities2
Holdings	112,513	338,723	513,068	1,425,130	485,420	1,612,465	4,487,319
Weekly changes	+ 31,658	- 32,572	+ 9,513	- 1,553	+ 72	+ 282	+ 7,400
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	90,237	1,869,133	1,964,798
Weekly changes	0	0	0	0	- 1	+ 11	+ 12
Loan participations held by MS
Facilities 2020 LLC (Main Street
Lending Program)5	619	19	94	0	...	...	732
Repurchase agreements6	2	0	...	...	...	...	2
Central bank liquidity swaps7	49	0	0	0	0	0	49
Reverse repurchase agreements6	335,625	0	...	...	...	...	335,625
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 17, 2026
Mortgage-backed securities held outright1	1,964,798
Residential mortgage-backed securities	1,957,204
Commercial mortgage-backed securities	7,594

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 17, 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	94	505	599

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 17, 2026	Change since
			Wednesday	Wednesday
			Jun 10, 2026	Jun 18, 2025
Assets
Gold certificate account		11,037	0	0
Special drawing rights certificate account		15,200	0	0
Coin		1,355	- 12	- 102
Securities, unamortized premiums and discounts, repurchase agreements, and loans		6,651,571	+ 7,996	+ 59,636
Securities held outright1		6,454,464	+ 7,411	+ 83,646
U.S. Treasury securities		4,487,319	+ 7,400	+ 275,016
Bills2		485,974	+ 6,638	+ 290,556
Notes and bonds, nominal2		3,615,368	0	+ 23,325
Notes and bonds, inflation-indexed2		279,041	0	- 34,726
Inflation compensation3		106,935	+ 761	- 4,140
Federal agency debt securities2		2,347	0	0
Mortgage-backed securities4		1,964,798	+ 12	- 191,370
Unamortized premiums on securities held outright5		215,113	- 304	- 22,704
Unamortized discounts on securities held outright5		-25,650	- 92	- 1,806
Repurchase agreements6		2	- 3	+ 2
Loans7		7,642	+ 984	+ 499
Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8		599	- 3	- 4,575
Items in process of collection	(0)	48	+ 1	- 3
Bank premises		669	+ 4	+ 98
Central bank liquidity swaps9		49	+ 21	+ 28
Foreign currency denominated assets10		19,188	+ 66	- 253
Other assets11		36,708	+ 2,954	+ 538

Total assets	(0)	6,736,424	+ 11,027	+ 55,368

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 17, 2026	Change since
			Wednesday	Wednesday
			Jun 10, 2026	Jun 18, 2025
Liabilities
Federal Reserve notes, net of F.R. Bank holdings		2,419,354	+ 3,447	+ 76,603
Reverse repurchase agreements12		335,625	+ 18,327	- 241,564
Deposits	(0)	4,161,807	- 9,758	+ 224,305
Term deposits held by depository institutions		0	0	0
Other deposits held by depository institutions		2,936,362	- 175,092	- 386,629
U.S. Treasury, General Account		956,502	+ 155,418	+ 572,651
Foreign official		9,440	0	+ 7
Other13	(0)	259,503	+ 9,916	+ 38,275
Deferred availability cash items	(0)	826	+ 407	+ 362
Treasury contributions to credit facilities14		0	0	- 2,029
Other liabilities and accrued dividends15		-228,922	- 1,403	- 4,528

Total liabilities	(0)	6,688,690	+ 11,020	+ 53,149

Capital accounts
Capital paid in		40,949	+ 6	+ 2,219
Surplus		6,785	0	0
Other capital accounts		0	0	0

Total capital		47,734	+ 6	+ 2,219

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 17, 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	1,355	45	58	171	35	192	92	240	27	60	102	111	220
Securities, unamortized premiums and discounts, repurchase agreements, and loans1	6,651,571	166,685	3,376,605	132,229	256,622	548,267	465,914	416,824	109,932	57,185	82,908	326,278	712,122
Net portfolio holdings of MS
Facilities 2020 LLC (Main Street
Lending Program)2	599	599	0	0	0	0	0	0	0	0	0	0	0
Central bank liquidity swaps3	49	2	16	2	5	11	2	3	1	0	1	1	6
Foreign currency denominated
assets4	19,188	801	6,182	633	1,950	4,208	684	1,049	480	114	253	545	2,290
Other assets5	37,425	958	16,643	809	1,453	3,446	3,691	2,225	1,000	491	801	1,894	4,014
Interdistrict settlement account	0	- 4,952	+ 111,876	- 14,731	- 22,092	- 19,111	- 34,187	+ 6,245	- 7,190	+ 2,903	+ 8,172	- 10,698	- 16,237

Total assets	6,736,424	165,028	3,519,387	119,931	239,213	538,914	439,894	428,324	105,042	61,206	92,994	320,422	706,069

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 17, 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	2,419,354	83,711	745,573	64,445	119,063	170,831	350,852	126,744	78,472	40,399	54,166	220,905	364,194
Reverse repurchase agreements6	335,625	8,388	170,550	6,672	12,960	27,678	23,532	21,036	5,547	2,884	4,181	16,452	35,744
Deposits	4,161,807	75,523	2,722,847	50,832	111,384	369,827	62,197	300,281	19,510	17,829	35,115	81,408	315,054
Depository institutions	2,936,362	75,484	1,679,265	50,831	111,354	368,933	62,184	119,596	19,504	17,775	35,088	81,324	315,023
U.S. Treasury, General Account	956,502	0	956,502	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	259,503	38	77,666	0	26	886	11	180,683	4	54	27	83	26
Earnings remittances due to the U.S. Treasury8	-236,697	-5,454	-137,412	-3,802	-9,933	-40,589	206	-22,877	30	-397	-1,447	116	-15,137
Treasury contributions to credit facilities9	0	0	0	0	0	0	0	0	0	0	0	0	0
Other liabilities and accrued dividends	8,601	923	2,457	224	366	1,097	1,254	564	287	206	219	324	679

Total liabilities	6,688,690	163,092	3,504,015	118,371	233,840	528,843	438,042	425,748	103,845	60,921	92,234	319,205	700,534

Capital
Capital paid in	40,949	1,653	13,186	1,336	4,683	8,582	1,610	2,205	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	6,736,424	165,028	3,519,387	119,931	239,213	538,914	439,894	428,324	105,042	61,206	92,994	320,422	706,069

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 17, 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 17, 2026
Federal Reserve notes outstanding	2,824,729
Less: Notes held by F.R. Banks not subject to collateralization	405,376
Federal Reserve notes to be collateralized	2,419,354
Collateral held against Federal Reserve notes	2,419,354
Gold certificate account	11,037
Special drawing rights certificate account	15,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2	2,393,117
Other assets pledged	0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities1,2	6,454,466
Less: Face value of securities under reverse repurchase agreements	385,690
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged	6,068,775

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 18, 2026