FRB: H.4.1 Release--Factors Affecting Reserve Balances-- April 16, 2020

FEDERAL RESERVE statistical release

For Release at
4:30 P.M. Eastern Time
April 16, 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 Commercial
Paper Funding Facility (CPFF). This facility operates through the Commercial Paper Funding Facility II LLC (CPFF
II LLC), a special purpose vehicle that was formed to purchase three-month U.S. dollar-denominated commercial
paper from eligible issuers and thereby foster liquidity in short-term funding markets and increase the
availability of credit for businesses and households.

On March 17, 2020, the Federal Reserve announced the CPFF. On April 14, 2020, the Federal Reserve Bank of
New York (FRBNY) extended credit to the CPFF II LLC under the authority of section 13(3) of the Federal Reserve
Act, with approval of the Treasury Secretary, and the CPFF II LLC began purchasing eligible commercial paper.

Consistent with generally accepted accounting principles, the assets and liabilities of CPFF II LLC have
been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition
shown on the release because the FRBNY is the managing member of CPFF II LLC. The net portfolio holdings of
CPFF II LLC appear as an asset on the statement of condition of the FRBNY (table 5), the consolidated statement
of condition of all Federal Reserve Banks (table 4), and factors affecting reserve balances of depository
institutions (table 1). The amount provided by the U.S. Treasury as credit protection is recorded in "Other
liabilities and capital" in table 1 and "Other liabilities and accrued dividends" in tables 4 and 5.

Additionally, amounts for "Net portfolio holdings of Maiden Lane LLC," were removed from table 1 because the
portfolio holdings have been reduced to de minimis balances. Amounts will be included in "Other Federal
Reserve Assets" in table 1 and "Other assets" in tables 4 and 5.

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks April 16, 2020

1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and Averages of daily figures Wednesday
reserve balances of depository institutions at Week ended Change from week ended Apr 15, 2020
Federal Reserve Banks Apr 15, 2020 Apr 8, 2020 Apr 17, 2019

Reserve Bank credit 6,196,020 + 227,982 +2,299,746 6,329,072
Securities held outright (1) 5,195,539 + 222,862 +1,448,965 5,359,376
U.S. Treasury securities 3,717,414 + 206,286 +1,563,958 3,788,858
Bills (2) 326,044 0 + 326,044 326,044
Notes and bonds, nominal (2) 3,140,587 + 190,299 +1,124,023 3,206,144
Notes and bonds, inflation-indexed (2) 217,244 + 14,619 + 102,094 222,692
Inflation compensation (3) 33,539 + 1,369 + 11,797 33,978
Federal agency debt securities (2) 2,347 0 0 2,347
Mortgage-backed securities (4) 1,475,778 + 16,576 - 114,993 1,568,171
Unamortized premiums on securities held outright (5) 250,328 + 20,389 + 115,251 262,334
Unamortized discounts on securities held outright (5) -7,123 + 834 + 5,923 -6,896
Repurchase agreements (6) 201,596 - 26,047 + 201,596 181,100
Foreign official 1 + 1 + 1 0
Others 201,596 - 26,047 + 201,596 181,100
Loans 128,604 - 1,400 + 128,580 120,349
Primary credit 41,034 - 2,479 + 41,024 36,284
Secondary credit 0 0 0 0
Seasonal credit 0 0 - 13 0
Primary Dealer Credit Facility 35,590 + 2,891 + 35,590 33,409
Money Market Mutual Fund Liquidity Facility 51,944 - 1,849 + 51,944 50,656
Other credit extensions 0 0 0 0
Net portfolio holdings of Commercial Paper Funding
Facility II LLC (7) 141 + 141 + 141 974
Float -266 - 72 - 58 -361
Central bank liquidity swaps (8) 393,063 + 7,698 + 393,008 378,291
Other Federal Reserve assets (9) 34,137 + 3,577 + 6,338 33,904
Foreign currency denominated assets (10) 20,515 + 156 - 116 20,525
Gold stock 11,041 0 0 11,041
Special drawing rights certificate account 5,200 0 0 5,200
Treasury currency outstanding (11) 50,247 + 14 + 366 50,247

Total factors supplying reserve funds 6,283,023 + 228,152 +2,299,996 6,416,085

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 Averages of daily figures Wednesday
reserve balances of depository institutions at Week ended Change from week ended Apr 15, 2020
Federal Reserve Banks Apr 15, 2020 Apr 8, 2020 Apr 17, 2019

Currency in circulation (11) 1,884,944 + 3,933 + 157,948 1,887,593
Reverse repurchase agreements (12) 284,464 - 128,326 + 32,605 279,584
Foreign official and international accounts 278,571 - 3,774 + 26,841 276,434
Others 5,893 - 124,552 + 5,764 3,150
Treasury cash holdings 307 - 10 - 25 302
Deposits with F.R. Banks, other than reserve balances 1,134,405 + 187,593 + 780,064 1,103,978
Term deposits held by depository institutions 0 0 0 0
U.S. Treasury, General Account 889,815 + 191,237 + 604,551 856,155
Foreign official 16,352 - 408 + 11,108 16,347
Other (13) 228,237 - 3,237 + 164,404 231,475
Other liabilities and capital (14) 59,862 + 6,372 + 14,842 74,756

Total factors, other than reserve balances,
absorbing reserve funds 3,363,982 + 69,562 + 985,434 3,346,212

Reserve balances with Federal Reserve Banks 2,919,041 + 158,590 +1,314,562 3,069,872

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 bank premises, accrued interest, and other accounts receivable. Also includes net
portfolio holdings of Maiden Lane LLC.
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
Week ended Change from week ended Apr 15, 2020
Apr 15, 2020 Apr 8, 2020 Apr 17, 2019

Securities held in custody for foreign official and
international accounts 3,318,168 + 1,971 - 149,326 3,328,037
Marketable U.S. Treasury securities (1) 2,847,057 + 1,385 - 215,157 2,857,372
Federal agency debt and mortgage-backed securities (2) 388,210 - 70 + 54,378 387,578
Other securities (3) 82,900 + 655 + 11,451 83,087
Securities lent to dealers 34,596 - 1,976 + 12,652 32,721
Overnight facility (4) 34,596 - 1,976 + 12,652 32,721
U.S. Treasury securities 34,596 - 1,976 + 12,652 32,721
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 15, 2020

Millions of dollars
Remaining Maturity Within 15 16 days to 91 days to Over 1 year Over 5 year Over 10 All
days 90 days 1 year to 5 years to 10 years years

Loans (1) 13,782 88,132 18,434 0 0 ... 120,349
U.S. Treasury securities (2)
Holdings 58,644 225,035 527,601 1,493,336 621,255 862,987 3,788,858
Weekly changes + 11,532 - 8,380 + 27,012 + 61,130 + 44,337 + 18,841 + 154,472
Federal agency debt securities (3)
Holdings 0 0 0 0 1,151 1,196 2,347
Weekly changes 0 0 0 0 0 0 0
Mortgage-backed securities (4)
Holdings 0 0 5 1,696 73,362 1,493,109 1,568,171
Weekly changes 0 0 0 - 8 + 562 + 107,918 + 108,470
Commercial paper held by Commercial
Paper Funding Facility II LLC (5) 0 950 0 ... ... ... 950
Repurchase agreements (6) 32,700 148,400 ... ... ... ... 181,100
Central bank liquidity swaps (7) 26,361 351,930 0 0 0 0 378,291
Reverse repurchase agreements (6) 279,584 0 ... ... ... ... 279,584
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. Loans
exclude the loan from the Federal Reserve Bank of New York (FRBNY) to Commercial Paper Funding Facility
II LLC, which was eliminated when preparing the FRBNY'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. Face value of commercial paper held by Commercial Paper Funding Facility II LLC.
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.

3. Supplemental Information on Mortgage-Backed Securities
Millions of dollars
Account name Wednesday
Apr 15, 2020

Mortgage-backed securities held outright (1) 1,568,171
Residential mortgage-backed securities 1,562,461
Commercial mortgage-backed securities 5,710

Commitments to buy mortgage-backed securities (2) 268,565
Commitments to sell mortgage-backed securities (2) 1,000

Cash and cash equivalents (3) 11

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 Wednesday Change since
from Apr 15, 2020 Wednesday Wednesday
consolidation Apr 8, 2020 Apr 17, 2019

Assets
Gold certificate account 11,037 0 0
Special drawing rights certificate account 5,200 0 0
Coin 1,656 - 12 - 38
Securities, unamortized premiums and discounts,
repurchase agreements, and loans 5,916,263 + 261,709 +2,050,671
Securities held outright (1) 5,359,376 + 262,942 +1,615,682
U.S. Treasury securities 3,788,858 + 154,472 +1,635,449
Bills (2) 326,044 0 + 326,044
Notes and bonds, nominal (2) 3,206,144 + 141,284 +1,189,670
Notes and bonds, inflation-indexed (2) 222,692 + 12,067 + 107,548
Inflation compensation (3) 33,978 + 1,121 + 12,186
Federal agency debt securities (2) 2,347 0 0
Mortgage-backed securities (4) 1,568,171 + 108,470 - 19,767
Unamortized premiums on securities held outright
(5) 262,334 + 19,221 + 127,421
Unamortized discounts on securities held outright
(5) -6,896 + 485 + 6,138
Repurchase agreements (6) 181,100 - 11,651 + 181,100
Loans (7) 120,349 - 9,288 + 120,330
Net portfolio holdings of Commercial Paper
Funding Facility II LLC (8) 974 + 974 + 974
Items in process of collection (0) 35 - 4 - 30
Bank premises 2,203 + 2 0
Central bank liquidity swaps (9) 378,291 + 20,214 + 378,236
Foreign currency denominated assets (10) 20,525 + 152 - 101
Other assets (11) 31,703 + 1,713 + 6,347

Total assets (0) 6,367,887 + 284,746 +2,436,060

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 Wednesday Change since
from Apr 15, 2020 Wednesday Wednesday
consolidation Apr 8, 2020 Apr 17, 2019

Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,839,299 + 4,074 + 159,130
Reverse repurchase agreements (12) 279,584 - 54,904 + 23,902
Deposits (0) 4,173,852 + 315,492 +2,222,729
Term deposits held by depository institutions 0 0 0
Other deposits held by depository institutions 3,069,874 + 295,368 +1,545,577
U.S. Treasury, General Account 856,155 + 28,977 + 486,790
Foreign official 16,347 - 299 + 11,104
Other (13) (0) 231,475 - 8,555 + 179,256
Deferred availability cash items (0) 396 + 52 + 80
Other liabilities and accrued dividends (14) 35,924 + 20,032 + 30,730

Total liabilities (0) 6,329,055 + 284,746 +2,436,570

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

Total capital 38,832 0 - 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. Also includes net portfolio holdings of Maiden Lane LLC.
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 15, 2020
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San
City 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 1,656 39 48 150 90 224 158 276 29 50 110 189 294
Securities, unamortized premiums and
discounts, repurchase agreements,
and loans (1) 5,916,263 171,952 3,216,038 140,699 170,616 355,201 396,430 308,255 83,574 50,317 86,869 253,004 683,306
Net portfolio holdings of Commercial
Paper Funding Facility II LLC (2) 974 0 974 0 0 0 0 0 0 0 0 0 0
Central bank liquidity swaps (3) 378,291 17,956 127,130 13,613 32,327 79,845 18,762 14,691 6,201 2,962 3,989 4,491 56,324
Foreign currency denominated
assets (4) 20,525 974 6,899 738 1,754 4,331 1,018 797 336 161 216 244 3,056
Other assets (5) 33,941 809 17,233 861 1,065 2,378 2,388 1,825 641 406 791 1,657 3,888
Interdistrict settlement account 0 - 30,758 + 92,050 - 14,798 + 1,964 + 75,875 - 56,279 + 23,416 - 7,250 - 6,401 - 604 + 48,467 - 125,681

Total assets 6,367,887 161,518 3,465,898 141,801 208,583 519,020 364,691 350,394 84,009 47,770 91,816 309,224 623,161

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 15, 2020 (continued)
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San
City Francisco

Liabilities
Federal Reserve notes, net 1,839,299 56,991 618,290 50,348 83,899 123,857 252,792 118,987 57,718 29,801 49,485 150,153 246,977
Reverse repurchase agreements (6) 279,584 5,800 152,533 6,771 8,180 17,110 19,116 14,676 4,018 2,419 4,146 12,140 32,676
Deposits 4,173,852 96,339 2,657,062 82,685 112,475 368,281 89,307 213,999 21,239 14,557 37,330 145,290 335,288
Depository institutions 3,069,874 96,325 1,700,373 82,683 105,413 367,145 88,989 95,662 21,234 14,501 25,698 136,569 335,281
U.S. Treasury, General Account 856,155 0 856,155 0 0 0 0 0 0 0 0 0 0
Foreign official 16,347 2 16,321 1 3 8 2 2 1 0 0 0 6
Other (7) 231,475 12 84,213 0 7,058 1,128 316 118,336 4 56 11,632 8,720 1
Earnings remittances due to the U.S.
Treasury (8) 2,104 53 1,165 48 72 135 136 100 22 19 20 82 252
Other liabilities and accrued
dividends 34,216 505 23,847 562 661 1,487 1,440 1,135 377 649 420 913 2,221

Total liabilities 6,329,055 159,688 3,452,897 140,413 205,286 510,869 362,791 348,896 83,375 47,445 91,402 308,578 617,414

Capital
Capital paid in 32,007 1,506 10,707 1,143 2,714 6,710 1,561 1,233 523 272 342 565 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 6,367,887 161,518 3,465,898 141,801 208,583 519,020 364,691 350,394 84,009 47,770 91,816 309,224 623,161

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 15, 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. 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. Also includes Net portfolio
holdings of Maiden Lane LLC; refer to the note on consolidation for additional information.
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. 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 April 14, 2020, the Federal Reserve Bank of New York (FRBNY) began extending loans to the Commercial Paper Funding Facility II LLC (CPFF II LLC) under the authority of section 13(3) of
the Federal Reserve Act. CPFF II LLC is a limited liability company formed to purchase three-month U.S dollar-denominated commercial paper by eligible issuers. The assets of the CPFF II LLC are
used to secure the loan from the FRBNY and the amount provided by U.S. Treasury as credit protection to the FRBNY.

The FRBNY is the managing member of CPFF II LLC. Consistent with generally accepted accounting principles, the assets and liabilities of the CPFF II LLC have been consolidated with the
assets and liabilities of the FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the loan from the FRBNY to CPFF II LLC is
eliminated, the net assets of the CPFF II LLC appear as assets on the previous page (and in table 1 and table 4), and the liabilities of the CPFF II LLC to entities other than the FRBNY, including
those with recourse only to the portfolio holdings of the CPFF II LLC are 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
Apr 15, 2020

Federal Reserve notes outstanding 2,007,661
Less: Notes held by F.R. Banks not subject to collateralization 168,361
Federal Reserve notes to be collateralized 1,839,299
Collateral held against Federal Reserve notes 1,839,299
Gold certificate account 11,037
Special drawing rights certificate account 5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2) 1,823,063
Other assets pledged 0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2) 5,540,476
Less: Face value of securities under reverse repurchase agreements 266,203
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 5,274,273

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