FRB: H.4.1 Release-- Factors Affecting Reserve Balances -- Thursday, April 9, 2020

FEDERAL RESERVE statistical release

For Release at

4:30 P.M. EDT

April 9, 2020

The Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks," has been modified to include information related to the temporary repurchase agreement facility for foreign and international monetary authorities (FIMA Repo Facility) and the purchases of agency commercial mortgage-backed securities.

The FIMA Repo Facility was announced by the Federal Reserve on March 31, 2020, and began operations on April 6, 2020. The FIMA Repo Facility will allow FIMA account holders, which consist of central banks and other international monetary authorities with accounts at the Federal Reserve Bank of New York, to enter into repurchase agreements with the Federal Reserve’s System Open Market Account (SOMA). Beginning with this release, in table 1 the line item “Repurchase agreements” reports in aggregate repurchase agreements conducted through the FIMA Repo Facility and those conducted with primary dealers. Repurchase agreements conducted with primary dealers, formerly reported in the line item “Repurchase agreements” in prior releases, are now presented in the line item “Others.” The FIMA Repo Facility is presented in the line item “Foreign official” under “Repurchase agreements.” Aggregate repurchase agreements also are reported in tables 2, 4, 5, and 6.

The Federal Reserve announced on March 23, 2020 that SOMA will start buying agency commercial mortgage-backed securities and operations began on March 27, 2020. Two new lines were added to table 3, Supplemental Information on Mortgage-Backed Securities, to separately report commercial mortgage-backed securities and residential mortgage-backed securities. These securities are presented in tables 1 and 4 in the line item “Mortgage-backed securities” and in table 5 in the line item “Securities, unamortized premiums and discounts, repurchase agreements, and loans.”

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks	April 9, 2020

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 Apr 8, 2020
	Week ended Apr 8, 2020	Change from week ended
	Week ended Apr 8, 2020	Apr 1, 2020	Apr 10, 2019
Reserve Bank credit	5,968,038	+ 393,234	+2,071,135	6,044,516
Securities held outright¹	4,972,677	+ 367,694	+1,224,187	5,096,434
U.S. Treasury securities	3,511,128	+ 336,013	+1,357,734	3,634,386
Bills²	326,044	0	+ 326,044	326,044
Notes and bonds, nominal²	2,950,288	+ 312,705	+ 933,656	3,064,860
Notes and bonds, inflation-indexed²	202,625	+ 21,563	+ 87,471	210,625
Inflation compensation³	32,170	+ 1,743	+ 10,562	32,857
Federal agency debt securities²	2,347	0	0	2,347
Mortgage-backed securities⁴	1,459,202	+ 31,682	- 133,548	1,459,701
Unamortized premiums on securities held outright⁵	229,939	+ 38,341	+ 94,594	243,113
Unamortized discounts on securities held outright⁵	-7,957	+ 1,248	+ 5,119	-7,381
Repurchase agreements⁶	227,643	- 74,820	+ 227,643	192,751
Foreign official	0	0	0	1
Others	227,643	- 74,820	+ 227,643	192,750
Loans	130,004	- 304	+ 129,991	129,637
Primary credit	43,513	- 6,065	+ 43,509	43,449
Secondary credit	0	0	0	0
Seasonal credit	0	0	- 9	0
Primary Dealer Credit Facility	32,699	- 1,183	+ 32,699	33,018
Money Market Mutual Fund Liquidity Facility	53,793	+ 6,944	+ 53,793	53,171
Other credit extensions	0	0	0	0
Net portfolio holdings of Maiden Lane LLC⁷	0	0	0	0
Float	-194	+ 249	- 15	-305
Central bank liquidity swaps⁸	385,365	+ 57,578	+ 385,310	358,077
Other Federal Reserve assets⁹	30,560	+ 3,247	+ 4,306	32,189
Foreign currency denominated assets¹⁰	20,359	- 242	- 246	20,373
Gold stock	11,041	0	0	11,041
Special drawing rights certificate account	5,200	0	0	5,200
Treasury currency outstanding¹¹	50,233	+ 14	+ 360	50,233

Total factors supplying reserve funds	6,054,871	+ 393,006	+2,071,248	6,131,363

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

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 Apr 8, 2020
	Week ended Apr 8, 2020	Change from week ended
	Week ended Apr 8, 2020	Apr 1, 2020	Apr 10, 2019
Currency in circulation¹¹	1,881,011	+ 4,133	+ 154,317	1,883,487
Reverse repurchase agreements¹²	412,790	- 72,088	+ 159,116	334,488
Foreign official and international accounts	282,345	+ 11,909	+ 29,255	281,005
Others	130,445	- 83,997	+ 129,861	53,483
Treasury cash holdings	317	- 10	- 19	307
Deposits with F.R. Banks, other than reserve balances	946,812	+ 233,706	+ 623,820	1,083,854
Term deposits held by depository institutions	0	0	0	0
U.S. Treasury, General Account	698,578	+ 269,311	+ 435,961	827,178
Foreign official	16,760	- 448	+ 11,517	16,646
Other¹³	231,474	- 35,157	+ 176,342	240,030
Other liabilities and capital¹⁴	53,490	+ 722	+ 8,154	54,724

Total factors, other than reserve balances, absorbing reserve funds	3,294,420	+ 166,463	+ 945,389	3,356,860

Reserve balances with Federal Reserve Banks	2,760,451	+ 226,543	+1,125,860	2,774,503

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.	Refer to the note on consolidation accompanying table 5.
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 accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable. Also, includes Reserve Bank premises and equipment net of allowances for depreciation.
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.	Includes the liability for earnings remittances due to the U.S. Treasury.

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

1A. Memorandum Items

Millions of dollars

Memorandum item	Averages of daily figures			Wednesday Apr 8, 2020
	Week ended Apr 8, 2020	Change from week ended
	Week ended Apr 8, 2020	Apr 1, 2020	Apr 10, 2019
Securities held in custody for foreign official and international accounts	3,316,197	- 22,224	- 155,042	3,314,710
Marketable U.S. Treasury securities¹	2,845,672	- 21,676	- 228,000	2,843,669
Federal agency debt and mortgage-backed securities²	388,280	- 249	+ 61,457	388,276
Other securities³	82,245	- 299	+ 11,502	82,765
Securities lent to dealers	36,572	- 332	+ 10,020	38,787
Overnight facility⁴	36,572	- 332	+ 10,020	38,787
U.S. Treasury securities	36,572	- 332	+ 10,020	38,787
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, 4, and 5.
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.

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, April 8, 2020

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	15,203	96,019	18,415	0	0	...	129,637
U.S. Treasury securities²
Holdings	47,112	233,415	500,589	1,432,206	576,918	844,146	3,634,386
Weekly changes	+ 10,874	+ 406	+ 32,526	+ 133,861	+ 67,690	+ 48,197	+ 293,554
Federal agency debt securities³
Holdings	0	0	0	0	1,151	1,196	2,347
Weekly changes	0	0	0	0	0	0	0
Mortgage-backed securities⁴
Holdings	0	0	5	1,704	72,800	1,385,191	1,459,701
Weekly changes	0	0	0	+ 62	+ 531	+ 1,386	+ 1,980
Repurchase agreements⁵	57,801	134,950	...	...	...	...	192,751
Central bank liquidity swaps⁶	57,053	301,024	0	0	0	0	358,077

Reverse repurchase agreements⁵	334,488	0	...	...	...	...	334,488
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 and credit extended through the Primary Dealer Credit Facility, Money Market Mutual Fund Liquidity Facility, and other credit extensions.
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.	Cash value of agreements.
6.	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.

3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Account name	Wednesday
Account name	Apr 8, 2020
Mortgage-backed securities held outright¹	1,459,701
Residential mortgage-backed securities	1,456,242
Commercial mortgage-backed securities	3,459

Commitments to buy mortgage-backed securities²	326,103
Commitments to sell mortgage-backed securities²	0

Cash and cash equivalents³	17

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 4 and table 5.

4. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Assets, liabilities, and capital	Eliminations from consolidation	Wednesday Apr 8, 2020	Change since
			Wednesday	Wednesday
			Apr 1, 2020	Apr 10, 2019
Assets
Gold certificate account		11,037	0	0
Special drawing rights certificate account		5,200	0	0
Coin		1,668	+ 8	- 40
Securities, unamortized premiums and discounts, repurchase agreements, and loans		5,654,554	+ 258,295	+1,783,613
Securities held outright¹		5,096,434	+ 295,533	+1,347,732
U.S. Treasury securities		3,634,386	+ 293,554	+1,480,943
Bills²		326,044	0	+ 326,044
Notes and bonds, nominal²		3,064,860	+ 273,000	+1,048,228
Notes and bonds, inflation-indexed²		210,625	+ 18,900	+ 95,471
Inflation compensation³		32,857	+ 1,653	+ 11,199
Federal agency debt securities²		2,347	0	0
Mortgage-backed securities⁴		1,459,701	+ 1,980	- 133,211
Unamortized premiums on securities held outright⁵		243,113	+ 31,774	+ 107,830
Unamortized discounts on securities held outright⁵		-7,381	+ 1,111	+ 5,684
Repurchase agreements⁶		192,751	- 70,299	+ 192,751
Loans⁷		129,637	+ 176	+ 129,616
Net portfolio holdings of Maiden Lane LLC⁸		0	0	0
Items in process of collection	(0)	39	- 1	- 16
Bank premises		2,201	+ 3	- 1
Central bank liquidity swaps⁹		358,077	+ 9,533	+ 358,022
Foreign currency denominated assets¹⁰		20,373	- 211	- 302
Other assets¹¹		29,990	+ 3,905	+ 5,078

Total assets	(0)	6,083,141	+ 271,534	+2,146,357

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

4. Consolidated Statement of Condition of All Federal Reserve Banks (continued)

Millions of dollars

Assets, liabilities, and capital	Eliminations from consolidation	Wednesday Apr 8, 2020	Change since
			Wednesday	Wednesday
			Apr 1, 2020	Apr 10, 2019
Liabilities
Federal Reserve notes, net of F.R. Bank holdings		1,835,225	+ 4,240	+ 154,735
Reverse repurchase agreements¹²		334,488	- 159,939	+ 78,114
Deposits	(0)	3,858,360	+ 424,650	+1,904,215
Term deposits held by depository institutions		0	0	0
Other deposits held by depository institutions		2,774,506	+ 90,108	+1,127,946
U.S. Treasury, General Account		827,178	+ 320,245	+ 581,514
Foreign official		16,646	- 1,099	+ 11,402
Other¹³	(0)	240,030	+ 15,395	+ 183,354
Deferred availability cash items	(0)	344	- 247	+ 102
Other liabilities and accrued dividends¹⁴		15,892	+ 2,825	+ 9,701

Total liabilities	(0)	6,044,309	+ 271,529	+2,146,867

Capital accounts
Capital paid in		32,007	+ 5	- 510
Surplus		6,825	0	0
Other capital accounts		0	0	0

Total capital		38,832	+ 5	- 510

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 Primary Dealer Credit Facility, Money Market Mutual Fund Liquidity Facility, and other credit extensions.
8.	Refer to the note on consolidation accompanying table 5.
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.	Includes the liability for earnings remittances due to the U.S. Treasury.

5. Statement of Condition of Each Federal Reserve Bank, April 8, 2020

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	16,237	547	5,525	537	768	1,166	2,214	1,135	478	276	445	1,172	1,974
Coin	1,668	40	49	151	92	226	157	279	31	51	111	187	295
Securities, unamortized premiums and discounts, repurchase agreements, and loans¹	5,654,554	168,358	3,076,306	134,302	162,668	338,460	377,904	294,022	79,667	47,829	83,079	241,236	650,724
Central bank liquidity swaps²	358,077	16,997	120,337	12,886	30,599	75,578	17,759	13,906	5,870	2,804	3,776	4,251	53,314
Foreign currency denominated
assets³	20,373	967	6,848	733	1,741	4,300	1,010	791	334	160	215	242	3,033
Other assets⁴	32,230	763	16,310	819	1,013	2,269	2,275	1,740	620	417	761	1,554	3,689
Interdistrict settlement account	0	- 35,653	+ 132,891	- 12,995	- 16,511	+ 67,575	- 50,526	+ 45,209	- 8,827	- 6,978	- 574	+ 44,470	- 158,081

Total assets	6,083,141	152,019	3,358,266	136,433	180,370	489,574	350,794	357,082	78,172	44,558	87,813	293,112	554,948

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

5. Statement of Condition of Each Federal Reserve Bank, April 8, 2020 (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	1,835,225	56,878	617,062	50,228	84,516	123,702	253,346	118,667	57,445	29,983	49,204	149,848	244,346
Reverse repurchase agreements⁵	334,488	6,939	182,487	8,100	9,786	20,469	22,870	17,558	4,807	2,894	4,960	14,524	39,093
Deposits	3,858,360	86,021	2,536,452	76,336	82,329	336,259	71,726	218,599	15,012	10,830	32,933	127,487	264,375
Depository institutions	2,774,506	85,977	1,605,322	76,335	76,890	334,660	71,081	88,224	15,008	10,764	20,914	124,963	264,368
U.S. Treasury, General Account	827,178	0	827,178	0	0	0	0	0	0	0	0	0	0
Foreign official	16,646	2	16,620	1	3	8	2	2	1	0	0	0	6
Other⁶	240,030	43	87,333	0	5,436	1,591	642	130,373	4	66	12,019	2,523	1
Earnings remittances due to the U.S. Treasury⁷	2,022	36	1,204	42	46	71	135	104	26	13	27	89	229
Other liabilities and accrued dividends	14,214	315	8,060	339	396	921	818	656	246	512	274	519	1,158

Total liabilities	6,044,309	150,189	3,345,265	135,044	177,073	481,423	348,895	355,584	77,537	44,232	87,398	292,467	549,201

Capital
Capital paid in	32,007	1,506	10,707	1,143	2,714	6,710	1,561	1,233	523	272	342	564	4,731
Surplus	6,825	324	2,294	246	583	1,441	338	265	112	53	72	81	1,016
Other capital	0	0	0	0	0	0	0	0	0	0	0	0	0

Total liabilities and capital	6,083,141	152,019	3,358,266	136,433	180,370	489,574	350,794	357,082	78,172	44,558	87,813	293,112	554,948

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

5. Statement of Condition of Each Federal Reserve Bank, April 8, 2020 (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 and credit extended through the Primary Dealer Credit Facility, Money Market Mutual Fund Liquidity Facility, and other credit extensions.
2.	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.
3.	Revalued daily at current foreign currency exchange rates.
4.	Includes items in process of collection, bank premises, accrued interest (which represents the daily accumulation of interest earned), and other accounts receivable. Also includes Net portfolio holdings of Maiden Lane LLC; refer to the note on consolidation for additional information.
5.	Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
6.	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.
7.	Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $6.825 billion surplus.

Note on consolidation:

On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit extended and minimize disruption to financial markets. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the remaining outstanding balance of the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual returns and could have absorbed any residual losses should they have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the assets and liabilities of FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was eliminated, the net assets of ML appeared as a component of Other assets on the previous page (and as assets in table 1 and table 4), and the liabilities of ML to entities other than FRBNY, including those with recourse only to the ML portfolio holdings, were included in other liabilities in this table (and table 1 and table 4).

6. Collateral Held against Federal Reserve Notes: Federal Reserve Agents’ Accounts

Millions of dollars

Federal Reserve notes and collateral	Wednesday
Federal Reserve notes and collateral	Apr 8, 2020
Federal Reserve notes outstanding	1,997,778
Less: Notes held by F.R. Banks not subject to collateralization	162,554
Federal Reserve notes to be collateralized	1,835,225
Collateral held against Federal Reserve notes	1,835,225
Gold certificate account	11,037
Special drawing rights certificate account	5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged^1,2	1,818,988
Other assets pledged	0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities^1,2	5,289,185
Less: Face value of securities under reverse repurchase agreements	318,521
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged	4,970,664

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.

Statistical releases