FEDERAL RESERVE statistical release

For Release at
4:30 P.M. EDT
March 19, 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 consolidate certain lines on table 5.
Modifications include the consolidation of amounts previously reported as "Loans," which includes discount window
borrowing, into the line "Securities, unamortized premiums and discounts, repurchase agreements, and loans."
This modification supports the Federal Reserve's goal, expressed in its statement on March 15, 2020, of
encouraging depository institutions to use the discount window to help meet demands for credit from households and
businesses, including needs related to the spread of the coronavirus. More detailed information about specific
components is available on tables 1 and 4.                                                                  

(See: https://www.federalreserve.gov/newsevents/pressreleases/monetary20200315b.htm for the Board's March 15
statement.)                                                                                                 

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and     
Condition Statement of Federal Reserve Banks                                                   March 19, 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  Mar 18, 2020 
Federal Reserve Banks                                     Mar 18, 2020 Mar 11, 2020 Mar 20, 2019              

Reserve Bank credit                                         4,463,041   +  241,451   +  534,834    4,629,659  
  Securities held outright (1)                              3,929,025   +   38,893   +  147,655    4,009,794  
    U.S. Treasury securities                                2,556,247   +   40,307   +  380,731    2,640,771  
      Bills (2)                                               321,043   +    6,430   +  321,043      321,043  
      Notes and bonds, nominal (2)                          2,075,200   +   32,062   +   36,189    2,154,496  
      Notes and bonds, inflation-indexed (2)                  133,939   +    1,515   +   18,785      138,653  
      Inflation compensation (3)                               26,066   +      302   +    4,715       26,579  
    Federal agency debt securities (2)                          2,347            0   -       62        2,347  
    Mortgage-backed securities (4)                          1,370,430   -    1,416   -  233,015    1,366,676  
  Unamortized premiums on securities held outright (5)        128,537   +    4,078   -    7,841      138,294  
  Unamortized discounts on securities held outright (5)       -12,887   +      507   +      277      -12,036  
  Repurchase agreements (6)                                   388,806   +  189,505   +  388,806      441,945  
  Loans                                                         6,687   +    6,679   +    6,677       28,224  
    Primary credit                                              6,687   +    6,679   +    6,686       28,224  
    Secondary credit                                                0            0            0            0  
    Seasonal credit                                                 0            0   -        9            0  
    Other credit extensions                                         0            0            0            0  
  Net portfolio holdings of Maiden Lane LLC (7)                     0            0            0            0  
  Float                                                          -230   -       36   -       58         -226  
  Central bank liquidity swaps (8)                                 45   -       13   -       23           45  
  Other Federal Reserve assets (9)                             23,059   +    1,841   -      658       23,619  
Foreign currency denominated assets (10)                       20,700   -      487   -        2       20,363  
Gold stock                                                     11,041            0            0       11,041  
Special drawing rights certificate account                      5,200            0            0        5,200  
Treasury currency outstanding (11)                             50,225   +       14   +      377       50,225  
                                                                                                              
Total factors supplying reserve funds                       4,550,208   +  240,979   +  535,211    4,716,488  

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  Mar 18, 2020 
Federal Reserve Banks                                     Mar 18, 2020 Mar 11, 2020 Mar 20, 2019              

Currency in circulation (11)                                 1,827,149   +   13,078   +  106,546    1,843,254 
Reverse repurchase agreements (12)                             242,056   +   13,993   -    3,897      233,946 
  Foreign official and international accounts                  231,492   +    5,375   -   13,552      233,469 
  Others                                                        10,565   +    8,619   +    9,656          477 
Treasury cash holdings                                             317   +       10   -       18          325 
Deposits with F.R. Banks, other than reserve balances          540,241   +   64,114   +  166,549      649,733 
  Term deposits held by depository institutions                      0            0            0            0 
  U.S. Treasury, General Account                               362,576   -   17,980   +   58,953      401,354 
  Foreign official                                               6,359   +    1,004   +    1,115        6,887 
  Other (13)                                                   171,306   +   81,089   +  106,481      241,491 
Other liabilities and capital (14)                              44,857   -    1,279   +      174       43,838 
                                                                                                              
Total factors, other than reserve balances,               
    absorbing reserve funds                                  2,654,620   +   89,916   +  269,354    2,771,095 
                                                                                                              
Reserve balances with Federal Reserve Banks                  1,895,588   +  151,063   +  265,857    1,945,393 

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  
                                                           Week ended    Change from week ended  Mar 18, 2020 
                                                          Mar 18, 2020 Mar 11, 2020 Mar 20, 2019              

Securities held in custody for foreign official and       
     international accounts                                  3,410,689   -   29,305   -   68,695    3,381,813 
  Marketable U.S. Treasury securities (1)                    2,948,649   -   31,421   -  134,120    2,919,968 
  Federal agency debt and mortgage-backed securities (2)       378,819   +    1,580   +   53,508      378,762 
  Other securities (3)                                          83,222   +      538   +   11,919       83,082 
Securities lent to dealers                                      35,027   +    1,177   +   12,052       35,296 
  Overnight facility (4)                                        35,027   +    1,177   +   12,052       35,296 
    U.S. Treasury securities                                    35,027   +    1,177   +   12,052       35,296 
    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, March 18, 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                                        5,086        23,138             0             0             0           ...        28,224 
U.S. Treasury securities (1)                                                                                                           
  Holdings                                  35,806       211,429       387,117       966,762       357,666       681,991     2,640,771 
  Weekly changes                        +   14,379    -   10,532    +    8,714    +   51,661    +   29,760    +   23,759    +  117,740 
Federal agency debt securities (2)                                                                                                     
  Holdings                                       0             0             0             0         1,151         1,196         2,347 
  Weekly changes                                 0             0             0             0             0             0             0 
Mortgage-backed securities (3)                                                                                                         
  Holdings                                       0             0             3         1,644        71,329     1,293,699     1,366,676 
  Weekly changes                                 0             0    -        1    -        5    -      483    -    4,681    -    5,170 
Repurchase agreements (4)                  253,995       187,950           ...           ...           ...           ...       441,945 
Central bank liquidity swaps (5)                45             0             0             0             0             0            45 
                                                                                                                                       
Reverse repurchase agreements (4)          233,946             0           ...           ...           ...           ...       233,946 
Term deposits                                    0             0             0           ...           ...           ...             0 

Note: Components may not sum to totals because of rounding.
...Not applicable.


1.  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.             
2.  Face value.                                                                                             
3.  Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the              
    remaining principal balance of the securities.                                                      
4.  Cash value of agreements.                                                                               
5.  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   
                                                                                                                      Mar 18, 2020  

Mortgage-backed securities held outright (1)                                                                             1,366,676  
                                                                                                                                    
Commitments to buy mortgage-backed securities (2)                                                                           19,506  
Commitments to sell mortgage-backed securities (2)                                                                               0  
                                                                                                                                    
Cash and cash equivalents (3)                                                                                                    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. Generally settle within 180 days and include commitments associated with            
    outright transactions, dollar rolls, and coupon swaps.                                              
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       Mar 18, 2020   Wednesday    Wednesday  
                                                        consolidation                Mar 11, 2020 Mar 20, 2019 

Assets                                                                                                         
  Gold certificate account                                                   11,037            0            0  
  Special drawing rights certificate account                                  5,200            0            0  
  Coin                                                                        1,675   -       54   -       70  
  Securities, unamortized premiums and discounts,     
     repurchase agreements, and loans                                     4,606,221   +  355,555   +  705,807  
    Securities held outright (1)                                          4,009,794   +  112,570   +  232,376  
      U.S. Treasury securities                                            2,640,771   +  117,740   +  465,234  
        Bills (2)                                                           321,043            0   +  321,043  
        Notes and bonds, nominal (2)                                      2,154,496   +  111,014   +  115,485  
        Notes and bonds, inflation-indexed (2)                              138,653   +    6,000   +   23,499  
        Inflation compensation (3)                                           26,579   +      726   +    5,206  
      Federal agency debt securities (2)                                      2,347            0   -       62  
      Mortgage-backed securities (4)                                      1,366,676   -    5,170   -  232,796  
    Unamortized premiums on securities held outright  
    (5)                                                                     138,294   +   13,871   +    2,156  
    Unamortized discounts on securities held outright 
    (5)                                                                     -12,036   +    1,330   +    1,117  
    Repurchase agreements (6)                                               441,945   +  199,570   +  441,945  
    Loans                                                                    28,224   +   28,213   +   28,213  
  Net portfolio holdings of Maiden Lane LLC (7)                                   0            0            0  
  Items in process of collection                                   (0)           51   -        8   -        4  
  Bank premises                                                               2,202   +        3   -        2  
  Central bank liquidity swaps (8)                                               45   -       13   -       23  
  Foreign currency denominated assets (9)                                    20,363   -      784   -      370  
  Other assets (10)                                                          21,418   +    1,603   +      124  
                                                                                                               
Total assets                                                       (0)    4,668,212   +  356,301   +  705,464  

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       Mar 18, 2020   Wednesday    Wednesday  
                                                        consolidation                Mar 11, 2020 Mar 20, 2019 

Liabilities                                                                                                    
  Federal Reserve notes, net of F.R. Bank holdings                         1,795,024   +   24,238   +  120,527 
  Reverse repurchase agreements (11)                                         233,946   +      671   -    6,926 
  Deposits                                                          (0)    2,595,127   +  332,772   +  592,254 
    Term deposits held by depository institutions                                  0            0            0 
    Other deposits held by depository institutions                         1,945,394   +  165,404   +  321,582 
    U.S. Treasury, General Account                                           401,354   +   29,017   +   86,605 
    Foreign official                                                           6,887   +    1,700   +    1,643 
    Other (12)                                                      (0)      241,491   +  136,649   +  182,422 
  Deferred availability cash items                                  (0)          278   -       93   +       44 
  Other liabilities and accrued dividends (13)                                 5,229   -    1,300   +      275 
                                                                                                               
Total liabilities                                                   (0)    4,629,604   +  356,287   +  706,173 
                                                                                                               
Capital accounts                                                                                               
  Capital paid in                                                             31,784   +       15   -      709 
  Surplus                                                                      6,825            0            0 
  Other capital accounts                                                           0            0            0 
                                                                                                               
Total capital                                                                 38,609   +       15   -      709 

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.  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.  Revalued daily at current foreign currency exchange rates.                                              
10. Includes accrued interest, which represents the daily accumulation of interest earned, and other        
    accounts receivable.                                                                                
11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt     
    securities, and mortgage-backed securities.                                                         
12. 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.                   
13. Includes the liability for earnings remittances due to the U.S. Treasury.                               

 



5. Statement of Condition of Each Federal Reserve Bank, March 18, 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                                             1,675          37          50          160          91         226         150         285          29          52         114         187         294
  Securities, unamortized premiums and      
     discounts, repurchase agreements,      
     and loans (1)                             4,606,221      96,547   2,516,701      111,042     135,216     280,260     313,014     241,539      66,051      39,799      68,331     199,987     537,735
  Central bank liquidity swaps (2)                    45           2          14            3           4          10           3           2           1           0           0           1           7
  Foreign currency denominated                                                                                                                                                                           
     assets (3)                                   20,363         877       6,463        1,176       1,625       4,341       1,184         850         310          97         197         252       2,989
  Other assets (4)                                23,672         561      11,525          604         750       1,727       1,689       1,279         701         316         623       1,234       2,662
  Interdistrict settlement account                     0  +   25,207  -  184,311   +    1,336  +   16,438  +   18,062  +    1,738  +   65,849  +    3,940  +    2,625  +    6,771  +   13,253  +   29,092
                                                                                                                                                                                                         
Total assets                                   4,668,212     123,777   2,355,967      114,858     154,892     305,792     319,990     310,939      71,511      43,165      76,482     216,085     574,753

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, March 18, 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                   1,795,024      55,980     606,367      49,461      86,852     120,189     247,928     116,091      55,545      29,781      47,859     146,523     232,450
  Reverse repurchase agreements (5)              233,946       4,853     127,634       5,665       6,845      14,317      15,996      12,280       3,362       2,024       3,469      10,158      27,342
  Deposits                                     2,595,127      60,957   1,606,382      58,190      57,732     162,703      53,797     180,760      11,832      10,664      24,564      58,692     308,854
    Depository institutions                    1,945,394      60,899   1,065,463      58,187      57,670     161,973      53,749      80,362      11,828      10,597      21,630      55,710     307,327
    U.S. Treasury, General Account               401,354           0     401,354           0           0           0           0           0           0           0           0           0           0
    Foreign official                               6,887           2       6,860           2           3           9           2           2           1           0           0           0           6
    Other (6)                                    241,491          56     132,705           0          59         721          46     100,396           4          67       2,934       2,982       1,521
  Earnings remittances due to the U.S.      
     Treasury (7)                                    947          -1         696          -4          -7         -18          78          45           7           3          15          65          67
  Other liabilities and accrued             
     dividends                                     4,560         159       1,887         158         173         469         293         266         131         387         165         185         288
                                                                                                                                                                                                        
Total liabilities                              4,629,604     121,948   2,342,966     113,471     151,595     297,659     318,091     309,442      70,877      42,859      76,072     215,622     569,001
                                                                                                                                                                                                        
Capital                                                                                                                                                                                                 
  Capital paid in                                 31,784       1,506      10,707       1,141       2,714       6,693       1,561       1,233         522         252         338         382       4,736
  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                  4,668,212     123,777   2,355,967     114,858     154,892     305,792     319,990     310,939      71,511      43,165      76,482     216,085     574,753

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, March 18, 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.                                      
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   
                                                                                          Mar 18, 2020  

Federal Reserve notes outstanding                                                            1,967,167  
  Less: Notes held by F.R. Banks not subject to collateralization                              172,142  
    Federal Reserve notes to be collateralized                                               1,795,024  
Collateral held against Federal Reserve notes                                                1,795,024  
  Gold certificate account                                                                      11,037  
  Special drawing rights certificate account                                                     5,200  
  U.S. Treasury, agency debt, and mortgage-backed securities pledged (1,2)                   1,778,788  
  Other assets pledged                                                                               0  
Memo:                                                                                                   
Total U.S. Treasury, agency debt, and mortgage-backed securities (1,2)                       4,451,739  
  Less: Face value of securities under reverse repurchase agreements                           226,814  
    U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged        4,224,924  

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.