--- source: Federal Reserve url: https://www.federalreserve.gov/releases/h41/20260312/default.htm document_type: html date_retrieved: 2026-03-15 period: Week ending March 11, 2026 parent_publication: Federal Reserve Balance Sheet: Factors Affecting Reserve Balances (H.4.1) indicators_covered: [Central Bank Balance Sheet] --- # Federal Reserve Balance Sheet: Factors Affecting Reserve Balances - H.4.1 - Home - Data ## Federal Reserve Balance Sheet: Factors Affecting Reserve Balances - H.4.1 - Current Release - Release Dates - About - Announcements - Technical Q&As ### Current Release PDF RSS Data Download FRED On December 18, the "View chart" feature in the Data Download Program (DDP) was retired. Users seeking interactive charts for Board DDP data releases can access expanded functionality for customizing, sharing, and accessing charts through the Federal Reserve Bank of St. Louis's Federal Reserve Economic Data (FRED) , as part of the DDP and FRED partnership . Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks 1. Factors Affecting Reserve Balances of Depository Institutions Millions of dollars |Reserve Bank credit, related items, and reserve balances of depository institutions at Federal Reserve Banks|Averages of daily figures|Wednesday Mar 11, 2026||| |---|---|---|---|---| |Week ended Mar 11, 2026|Change from week ended|||| |Mar 4, 2026|Mar 12, 2025|||| |Reserve Bank credit|6,591,423|+ 15,431|- 120,528|6,599,127| |Securities held outright 1|6,357,324|+ 15,028|- 90,302|6,364,310| |U.S. Treasury securities|4,344,559|+ 15,028|+ 102,589|4,351,545| |Bills 2|351,895|+ 14,696|+ 156,552|358,762| |Notes and bonds, nominal 2|3,602,109|0|- 15,980|3,602,109| |Notes and bonds, inflation-indexed 2|288,706|0|- 32,206|288,706| |Inflation compensation 3|101,849|+ 332|- 5,778|101,968| |Federal agency debt securities 2|2,347|0|0|2,347| |Mortgage-backed securities 4|2,010,418|0|- 192,891|2,010,418| |Unamortized premiums on securities held outright 5|220,570|- 342|- 23,985|220,448| |Unamortized discounts on securities held outright 5|-24,788|- 37|- 597|-24,857| |Repurchase agreements 6|16|- 1,271|+ 1|1| |Foreign official|0|0|0|0| |Others|16|- 1,271|+ 1|1| |Loans|4,901|+ 37|+ 249|4,714| |Primary credit|4,853|+ 97|+ 2,093|4,664| |Secondary credit|0|- 56|0|3| |Seasonal credit|0|- 3|- 9|0| |Paycheck Protection Program Liquidity Facility|47|- 2|- 1,825|47| |Bank Term Funding Program|0|0|- 10|0| |Other credit extensions 7|0|0|0|0| |Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program) 8|1,324|+ 1|- 6,016|1,325| |Float|-265|+ 260|+ 28|-271| |Central bank liquidity swaps 9|17|- 13|- 125|17| |Other Federal Reserve assets 10|32,325|+ 1,770|+ 219|33,441| |Foreign currency denominated assets 11|19,196|- 225|+ 680|19,121| |Gold stock|11,041|0|0|11,041| |Special drawing rights certificate account|15,200|0|0|15,200| |Treasury currency outstanding 12|53,018|+ 14|+ 487|53,018| |Total factors supplying reserve funds|6,689,877|+ 15,219|- 119,362|6,697,506| Reserve Bank credit, related items, and reserve balances of depository institutions at Federal Reserve Banks Averages of daily figures Wednesday Mar 11, 2026 Week ended Mar 11, 2026 Change from week ended Mar 4, 2026 Mar 12, 2025 Reserve Bank credit 6,591,423 + 15,431 - 120,528 6,599,127 Securities held outright 1 6,357,324 + 15,028 - 90,302 6,364,310 U.S. Treasury securities 4,344,559 + 15,028 + 102,589 4,351,545 Bills 2 351,895 + 14,696 + 156,552 358,762 Notes and bonds, nominal 2 3,602,109 0 - 15,980 3,602,109 Notes and bonds, inflation-indexed 2 288,706 0 - 32,206 288,706 Inflation compensation 3 101,849 + 332 - 5,778 101,968 Federal agency debt securities 2 2,347 0 0 2,347 Mortgage-backed securities 4 2,010,418 0 - 192,891 2,010,418 Unamortized premiums on securities held outright 5 220,570 - 342 - 23,985 220,448 Unamortized discounts on securities held outright 5 -24,788 - 37 - 597 -24,857 Repurchase agreements 6 16 - 1,271 + 1 1 Foreign official 0 0 0 0 Others 16 - 1,271 + 1 1 Loans 4,901 + 37 + 249 4,714 Primary credit 4,853 + 97 + 2,093 4,664 Secondary credit 0 - 56 0 3 Seasonal credit 0 - 3 - 9 0 Paycheck Protection Program Liquidity Facility 47 - 2 - 1,825 47 Bank Term Funding Program 0 0 - 10 0 Other credit extensions 7 0 0 0 0 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program) 8 1,324 + 1 - 6,016 1,325 Float -265 + 260 + 28 -271 Central bank liquidity swaps 9 17 - 13 - 125 17 Other Federal Reserve assets 10 32,325 + 1,770 + 219 33,441 Foreign currency denominated assets 11 19,196 - 225 + 680 19,121 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 15,200 0 0 15,200 Treasury currency outstanding 12 53,018 + 14 + 487 53,018 Total factors supplying reserve funds 6,689,877 + 15,219 - 119,362 6,697,506 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. H.4.1 1. Factors Affecting Reserve Balances of Depository Institutions (continued) Millions of dollars |Reserve Bank credit, related items, and reserve balances of depository institutions at Federal Reserve Banks|Averages of daily figures|Wednesday Mar 11, 2026||| |---|---|---|---|---| |Week ended Mar 11, 2026|Change from week ended|||| |Mar 4, 2026|Mar 12, 2025|||| |Currency in circulation 12|2,440,078|+ 4,968|+ 75,876|2,441,343| |Reverse repurchase agreements 13|319,021|- 6,723|- 203,579|325,460| |Foreign official and international accounts|317,808|- 13|- 71,134|324,908| |Others|1,213|- 6,709|- 132,445|552| |Treasury cash holdings|291|- 53|- 105|371| |Deposits with F.R. Banks, other than reserve balances|1,084,330|- 3,411|+ 392,684|1,047,862| |Term deposits held by depository institutions|0|0|0|0| |U.S. Treasury, General Account|838,186|+ 6,133|+ 325,605|805,806| |Foreign official|9,460|- 758|- 246|9,460| |Other 14|236,684|- 8,786|+ 67,325|232,595| |Treasury contributions to credit facilities 15|821|0|- 2,640|821| |Other liabilities and capital 16|-192,329|- 1,695|- 19,029|-191,502| |Total factors, other than reserve balances, absorbing reserve funds|3,652,212|- 6,914|+ 243,207|3,624,355| |Reserve balances with Federal Reserve Banks|3,037,665|+ 22,134|- 362,570|3,073,151| Reserve Bank credit, related items, and reserve balances of depository institutions at Federal Reserve Banks Averages of daily figures Wednesday Mar 11, 2026 Week ended Mar 11, 2026 Change from week ended Mar 4, 2026 Mar 12, 2025 Currency in circulation 12 2,440,078 + 4,968 + 75,876 2,441,343 Reverse repurchase agreements 13 319,021 - 6,723 - 203,579 325,460 Foreign official and international accounts 317,808 - 13 - 71,134 324,908 Others 1,213 - 6,709 - 132,445 552 Treasury cash holdings 291 - 53 - 105 371 Deposits with F.R. Banks, other than reserve balances 1,084,330 - 3,411 + 392,684 1,047,862 Term deposits held by depository institutions 0 0 0 0 U.S. Treasury, General Account 838,186 + 6,133 + 325,605 805,806 Foreign official 9,460 - 758 - 246 9,460 Other 14 236,684 - 8,786 + 67,325 232,595 Treasury contributions to credit facilities 15 821 0 - 2,640 821 Other liabilities and capital 16 -192,329 - 1,695 - 19,029 -191,502 Total factors, other than reserve balances, absorbing reserve funds 3,652,212 - 6,914 + 243,207 3,624,355 Reserve balances with Federal Reserve Banks 3,037,665 + 22,134 - 362,570 3,073,151 Note: Components may not sum to totals because of rounding. |1.|Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.| |---|---| |2.|Face value of the securities.| |3.|Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.| |4.|Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.| |5.|Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency debt securities, and mortgage-backed securities, amortization is on an effective-interest basis.| |6.|Cash value of agreements.| |7.|Includes outstanding loans to depository institutions that were subsequently placed into Federal Deposit Insurance Corporation (FDIC) receivership, including depository institutions established by the FDIC. The Federal Reserve Banks' loans to these depository institutions are secured by pledged collateral and the FDIC provides repayment guarantees.| |8.|Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury contributions to the facility. Refer to note on consolidation below.| |9.|Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.| |10.|Includes bank premises, accrued interest, and other accounts receivable.| |11.|Revalued daily at current foreign currency exchange rates.| |12.|Estimated.| |13.|Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities| |14.|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.| |15.|Book value. Amount of equity investments in MS Facilities 2020 LLC.| |16.|Includes the liability for earnings remittances due to the U.S. Treasury.| 1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. 2. Face value of the securities. 3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities. 5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency debt securities, and mortgage-backed securities, amortization is on an effective-interest basis. 6. Cash value of agreements. 7. Includes outstanding loans to depository institutions that were subsequently placed into Federal Deposit Insurance Corporation (FDIC) receivership, including depository institutions established by the FDIC. The Federal Reserve Banks' loans to these depository institutions are secured by pledged collateral and the FDIC provides repayment guarantees. 8. Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury contributions to the facility. Refer to note on consolidation below. 9. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 10. Includes bank premises, accrued interest, and other accounts receivable. 11. Revalued daily at current foreign currency exchange rates. 12. Estimated. 13. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities 14. 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. 15. Book value. Amount of equity investments in MS Facilities 2020 LLC. 16. Includes the liability for earnings remittances due to the U.S. Treasury. Sources: Federal Reserve Banks and the U.S. Department of the Treasury. H.4.1 1A. Memorandum Items Millions of dollars |Memorandum item|Averages of daily figures|Wednesday Mar 11, 2026||| |---|---|---|---|---| |Week ended Mar 11, 2026|Change from week ended|||| |Mar 4, 2026|Mar 12, 2025|||| |Securities held in custody for foreign official and international accounts|3,046,237|- 27,769|- 256,247|3,023,060| |Marketable U.S. Treasury securities 1|2,749,851|- 27,774|- 184,736|2,726,480| |Federal agency debt and mortgage-backed securities 2|218,773|- 4|- 62,190|218,773| |Other securities 3|77,613|+ 9|- 9,322|77,807| |Securities lent to dealers|34,276|+ 1,589|+ 3,470|32,190| |Overnight facility 4|34,276|+ 1,589|+ 3,470|32,190| |U.S. Treasury securities|34,276|+ 1,589|+ 3,470|32,190| |Federal agency debt securities|0|0|0|0| Memorandum item Averages of daily figures Wednesday Mar 11, 2026 Week ended Mar 11, 2026 Change from week ended Mar 4, 2026 Mar 12, 2025 Securities held in custody for foreign official and international accounts 3,046,237 - 27,769 - 256,247 3,023,060 Marketable U.S. Treasury securities 1 2,749,851 - 27,774 - 184,736 2,726,480 Federal agency debt and mortgage-backed securities 2 218,773 - 4 - 62,190 218,773 Other securities 3 77,613 + 9 - 9,322 77,807 Securities lent to dealers 34,276 + 1,589 + 3,470 32,190 Overnight facility 4 34,276 + 1,589 + 3,470 32,190 U.S. Treasury securities 34,276 + 1,589 + 3,470 32,190 Federal agency debt securities 0 0 0 0 Note: Components may not sum to totals because of rounding. |1.|Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS. Does not include securities pledged as collateral to foreign official and international account holders against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6.| |---|---| |2.|Face value of federal agency securities and current face value of mortgage-backed securities, which is the remaining principal balance of the securities.| |3.|Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed securities, and commercial paper at face value.| |4.|Face value. Fully collateralized by U.S. Treasury securities.| 1. Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS. Does not include securities pledged as collateral to foreign official and international account holders against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6. 2. Face value of federal agency securities and current face value of mortgage-backed securities, which is the remaining principal balance of the securities. 3. Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed securities, and commercial paper at face value. 4. Face value. Fully collateralized by U.S. Treasury securities. H.4.1 2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, March 11, 2026 Millions of dollars |Remaining Maturity|Within 15 days|16 days to 90 days|91 days to 1 year|Over 1 year to 5 years|Over 5 year to 10 years|Over 10 years|All| |---|---|---|---|---|---|---|---| |Loans 1|1,758|2,948|8|0|0|...|4,714| |U.S. Treasury securities 2|||||||| |Holdings|54,550|300,460|515,563|1,390,606|496,248|1,594,118|4,351,545| |Weekly changes|+ 4,432|+ 10,352|- 50|+ 132|+ 28|+ 117|+ 15,012| |Federal agency debt securities 3|||||||| |Holdings|0|0|0|1,818|529|0|2,347| |Weekly changes|0|0|0|0|0|0|0| |Mortgage-backed securities 4|||||||| |Holdings|0|21|14|4,862|81,366|1,924,154|2,010,418| |Weekly changes|0|0|0|0|0|0|0| |Loan participations held by MS|||||||| |Facilities 2020 LLC (Main Street|||||||| |Lending Program) 5|895|31|93|0|...|...|1,020| |Repurchase agreements 6|1|0|...|...|...|...|1| |Central bank liquidity swaps 7|17|0|0|0|0|0|17| |Reverse repurchase agreements 6|325,460|0|...|...|...|...|325,460| |Term deposits|0|0|0|...|...|...|0| 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 Loans 1 1,758 2,948 8 0 0 ... 4,714 U.S. Treasury securities 2 Holdings 54,550 300,460 515,563 1,390,606 496,248 1,594,118 4,351,545 Weekly changes + 4,432 + 10,352 - 50 + 132 + 28 + 117 + 15,012 Federal agency debt securities 3 Holdings 0 0 0 1,818 529 0 2,347 Weekly changes 0 0 0 0 0 0 0 Mortgage-backed securities 4 Holdings 0 21 14 4,862 81,366 1,924,154 2,010,418 Weekly changes 0 0 0 0 0 0 0 Loan participations held by MS Facilities 2020 LLC (Main Street Lending Program) 5 895 31 93 0 ... ... 1,020 Repurchase agreements 6 1 0 ... ... ... ... 1 Central bank liquidity swaps 7 17 0 0 0 0 0 17 Reverse repurchase agreements 6 325,460 0 ... ... ... ... 325,460 Term deposits 0 0 0 ... ... ... 0 Note: Components may not sum to totals because of rounding. ...Not applicable. |1.|Loans includes primary, secondary, and seasonal loans; the Paycheck Protection Program Liquidity Facility (PPPLF); and other credit extensions. A component of PPPLF loans presented in the Within 15 days category has reached contractual maturity, and collection is expected based upon the terms of the PPPLF. Loans exclude the loans from the Federal Reserve Bank of Boston (FRBB) to MS Facilities 2020 LLC, which were eliminated when preparing the FRBB's statement of condition, consistent with consolidation under generally accepted accounting principles.| |---|---| |2.|Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the original face value of such securities.| |3.|Face value.| |4.|Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.| |5.|Book value of the loan participations held by the MS Facilities 2020 LLC. A component of loan participations held by MS Facilities 2020 LLC presented in the Within 15 days category has reached contractual maturity, and collectability is assessed in accordance with the MS Facilities 2020 LLC policy.| |6.|Cash value of agreements.| |7.|Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.| 1. Loans includes primary, secondary, and seasonal loans; the Paycheck Protection Program Liquidity Facility (PPPLF); and other credit extensions. A component of PPPLF loans presented in the Within 15 days category has reached contractual maturity, and collection is expected based upon the terms of the PPPLF. Loans exclude the loans from the Federal Reserve Bank of Boston (FRBB) to MS Facilities 2020 LLC, which were eliminated when preparing the FRBB's statement of condition, consistent with consolidation under generally accepted accounting principles. 2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the original face value of such securities. 3. Face value. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities. 5. Book value of the loan participations held by the MS Facilities 2020 LLC. A component of loan participations held by MS Facilities 2020 LLC presented in the Within 15 days category has reached contractual maturity, and collectability is assessed in accordance with the MS Facilities 2020 LLC policy. 6. Cash value of agreements. 7. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. H.4.1 3. Supplemental Information on Mortgage-Backed Securities Millions of dollars |Account name|Wednesday| |---|---| |Mar 11, 2026|| |Mortgage-backed securities held outright 1|2,010,418| |Residential mortgage-backed securities|2,002,731| |Commercial mortgage-backed securities|7,687| |Commitments to buy mortgage-backed securities 2|74| |Commitments to sell mortgage-backed securities 2|0| |Cash and cash equivalents 3|0| Account name Wednesday Mar 11, 2026 Mortgage-backed securities held outright 1 2,010,418 Residential mortgage-backed securities 2,002,731 Commercial mortgage-backed securities 7,687 Commitments to buy mortgage-backed securities 2 74 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. Includes residential and commercial mortgage-backed securities. Residential mortgage-backed securities generally settle within 180 calendar days and include commitments associated with outright transactions, dollar rolls, and coupon swaps. Commercial mortgage-backed securities generally settle within three business days.| |3.|This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5 and table 6.| 1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities. 2. Current face value. Includes residential and commercial mortgage-backed securities. Residential mortgage-backed securities generally settle within 180 calendar days and include commitments associated with outright transactions, dollar rolls, and coupon swaps. Commercial mortgage-backed securities generally settle within three business days. 3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5 and table 6. 4. Information on Principal Accounts of Credit Facilities LLC Millions of dollars |Credit Facilities LLC:|Wednesday Mar 11, 2026|||| |---|---|---|---|---| ||Net portfolio holdings of|||| |Credit Facilities LLC||||| |Outstanding||||| |principal|Outstanding|||| |amount|amount of|Treasury||| |of loan|facility|contributions||| |extended to|asset|and||| |the LLC 1|purchases 2|other assets 3|Total|| |MS Facilities 2020 LLC (Main Street Lending Program)|0|240|1,086|1,325| Credit Facilities LLC: Wednesday Mar 11, 2026 Net portfolio holdings of Credit Facilities LLC Outstanding principal Outstanding amount amount of Treasury of loan facility contributions extended to asset and the LLC 1 purchases 2 other assets 3 Total MS Facilities 2020 LLC (Main Street Lending Program) 0 240 1,086 1,325 Note: Components may not sum to totals because of rounding. |1.|Book value. This amount was eliminated when preparing the Federal Reserve Banks' statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 6. Loans are extended from the Federal Reserve Bank to the LLC upon settlement of the investment activity.| |---|---| |2.|Outstanding amount of facility asset purchases includes loan participations at face value, net of an allowance for credit losses, updated as of December 31, 2025.| |3.|Includes short term receivables, interest and dividend receivables, and other assets of the facility. Also includes the portion of the Treasury contribution to the credit facilities, which is held as investments in nonmarketable Treasury securities and the residual portion which is held as cash and cash equivalents at the FRBNY. The amount of cash and cash equivalents held at the FRBNY are eliminated in consolidation and, as result, are excluded from net portfolio holdings in Tables 1, 5, and 6. Refer to the note on consolidation accompanying table 6.| 1. Book value. This amount was eliminated when preparing the Federal Reserve Banks' statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 6. Loans are extended from the Federal Reserve Bank to the LLC upon settlement of the investment activity. 2. Outstanding amount of facility asset purchases includes loan participations at face value, net of an allowance for credit losses, updated as of December 31, 2025. 3. Includes short term receivables, interest and dividend receivables, and other assets of the facility. Also includes the portion of the Treasury contribution to the credit facilities, which is held as investments in nonmarketable Treasury securities and the residual portion which is held as cash and cash equivalents at the FRBNY. The amount of cash and cash equivalents held at the FRBNY are eliminated in consolidation and, as result, are excluded from net portfolio holdings in Tables 1, 5, and 6. Refer to the note on consolidation accompanying table 6. H.4.1 5. Consolidated Statement of Condition of All Federal Reserve Banks Millions of dollars |Assets, liabilities, and capital|Eliminations from consolidation|Wednesday Mar 11, 2026|Change since|| |---|---|---|---|---| |Wednesday|Wednesday|||| |Mar 4, 2026|Mar 12, 2025|||| |Assets||||| |Gold certificate account||11,037|0|0| |Special drawing rights certificate account||15,200|0|0| |Coin||1,539|- 3|- 51| |Securities, unamortized premiums and discounts, repurchase agreements, and loans||6,564,615|+ 14,569|- 107,831| |Securities held outright 1||6,364,310|+ 15,012|- 83,548| |U.S. Treasury securities||4,351,545|+ 15,012|+ 109,343| |Bills 2||358,762|+ 14,686|+ 163,419| |Notes and bonds, nominal 2||3,602,109|0|- 15,980| |Notes and bonds, inflation-indexed 2||288,706|0|- 32,206| |Inflation compensation 3||101,968|+ 325|- 5,891| |Federal agency debt securities 2||2,347|0|0| |Mortgage-backed securities 4||2,010,418|0|- 192,891| |Unamortized premiums on securities held outright 5||220,448|- 314|- 23,964| |Unamortized discounts on securities held outright 5||-24,857|- 75|- 734| |Repurchase agreements 6||1|- 5|0| |Loans 7||4,714|- 48|+ 416| |Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program) 8||1,325|+ 1|- 6,021| |Items in process of collection|(0)|50|+ 4|+ 1| |Bank premises||666|+ 2|+ 80| |Central bank liquidity swaps 9||17|- 13|- 125| |Foreign currency denominated assets 10||19,121|- 149|+ 592| |Other assets 11||32,774|+ 3,038|+ 129| |Total assets|(0)|6,646,344|+ 17,450|- 113,227| Assets, liabilities, and capital Eliminations from consolidation Wednesday Mar 11, 2026 Change since Wednesday Wednesday Mar 4, 2026 Mar 12, 2025 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 15,200 0 0 Coin 1,539 - 3 - 51 Securities, unamortized premiums and discounts, repurchase agreements, and loans 6,564,615 + 14,569 - 107,831 Securities held outright 1 6,364,310 + 15,012 - 83,548 U.S. Treasury securities 4,351,545 + 15,012 + 109,343 Bills 2 358,762 + 14,686 + 163,419 Notes and bonds, nominal 2 3,602,109 0 - 15,980 Notes and bonds, inflation-indexed 2 288,706 0 - 32,206 Inflation compensation 3 101,968 + 325 - 5,891 Federal agency debt securities 2 2,347 0 0 Mortgage-backed securities 4 2,010,418 0 - 192,891 Unamortized premiums on securities held outright 5 220,448 - 314 - 23,964 Unamortized discounts on securities held outright 5 -24,857 - 75 - 734 Repurchase agreements 6 1 - 5 0 Loans 7 4,714 - 48 + 416 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program) 8 1,325 + 1 - 6,021 Items in process of collection (0) 50 + 4 + 1 Bank premises 666 + 2 + 80 Central bank liquidity swaps 9 17 - 13 - 125 Foreign currency denominated assets 10 19,121 - 149 + 592 Other assets 11 32,774 + 3,038 + 129 Total assets (0) 6,646,344 + 17,450 - 113,227 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. H.4.1 5. Consolidated Statement of Condition of All Federal Reserve Banks (continued) Millions of dollars |Assets, liabilities, and capital|Eliminations from consolidation|Wednesday Mar 11, 2026|Change since|| |---|---|---|---|---| |Wednesday|Wednesday|||| |Mar 4, 2026|Mar 12, 2025|||| |Liabilities||||| |Federal Reserve notes, net of F.R. Bank holdings||2,390,232|+ 2,989|+ 75,056| |Reverse repurchase agreements 12||325,460|+ 5,956|- 196,691| |Deposits|(0)|4,121,013|+ 11,063|+ 30,313| |Term deposits held by depository institutions||0|0|0| |Other deposits held by depository institutions||3,073,151|+ 59,433|- 386,536| |U.S. Treasury, General Account||805,806|- 41,173|+ 355,093| |Foreign official||9,460|- 418|+ 30| |Other 13|(0)|232,595|- 6,780|+ 61,725| |Deferred availability cash items|(0)|321|- 611|- 125| |Treasury contributions to credit facilities 14||821|0|- 2,640| |Other liabilities and accrued dividends 15||-237,843|- 1,950|- 21,267| |Total liabilities|(0)|6,600,004|+ 17,446|- 115,352| |Capital accounts||||| |Capital paid in||39,556|+ 4|+ 2,126| |Surplus||6,785|0|0| |Other capital accounts||0|0|0| |Total capital||46,341|+ 4|+ 2,126| Assets, liabilities, and capital Eliminations from consolidation Wednesday Mar 11, 2026 Change since Wednesday Wednesday Mar 4, 2026 Mar 12, 2025 Liabilities Federal Reserve notes, net of F.R. Bank holdings 2,390,232 + 2,989 + 75,056 Reverse repurchase agreements 12 325,460 + 5,956 - 196,691 Deposits (0) 4,121,013 + 11,063 + 30,313 Term deposits held by depository institutions 0 0 0 Other deposits held by depository institutions 3,073,151 + 59,433 - 386,536 U.S. Treasury, General Account 805,806 - 41,173 + 355,093 Foreign official 9,460 - 418 + 30 Other 13 (0) 232,595 - 6,780 + 61,725 Deferred availability cash items (0) 321 - 611 - 125 Treasury contributions to credit facilities 14 821 0 - 2,640 Other liabilities and accrued dividends 15 -237,843 - 1,950 - 21,267 Total liabilities (0) 6,600,004 + 17,446 - 115,352 Capital accounts Capital paid in 39,556 + 4 + 2,126 Surplus 6,785 0 0 Other capital accounts 0 0 0 Total capital 46,341 + 4 + 2,126 Note: Components may not sum to totals because of rounding. |1.|Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.| |---|---| |2.|Face value of the securities.| |3.|Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.| |4.|Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.| |5.|Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency debt securities, and mortgage-backed securities, amortization is on an effective-interest basis.| |6.|Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.| |7.|Loans includes primary, secondary, and seasonal loans and credit extended through the Paycheck Protection Program Liquidity Facility, Bank Term Funding Program, and other credit extensions.| |8.|Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury contributions to the facility. Refer to note on consolidation below.| |9.|Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.| |10.|Revalued daily at current foreign currency exchange rates.| |11.|Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.| |12.|Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.| |13.|Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as fiscal agents of the United States.| |14.|Book value. Amount of equity investments in MS Facilities 2020 LLC.| |15.|Includes the liability for earnings remittances due to the U.S. Treasury.| 1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. 2. Face value of the securities. 3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities. 5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury securities, Federal agency debt securities, and mortgage-backed securities, amortization is on an effective-interest basis. 6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. 7. Loans includes primary, secondary, and seasonal loans and credit extended through the Paycheck Protection Program Liquidity Facility, Bank Term Funding Program, and other credit extensions. 8. Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury contributions to the facility. Refer to note on consolidation below. 9. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 10. Revalued daily at current foreign currency exchange rates. 11. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable. 12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 13. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as fiscal agents of the United States. 14. Book value. Amount of equity investments in MS Facilities 2020 LLC. 15. Includes the liability for earnings remittances due to the U.S. Treasury. H.4.1 6. Statement of Condition of Each Federal Reserve Bank, March 11, 2026 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|26,237|898|8,066|815|1,238|1,891|3,695|1,720|794|446|740|2,294|3,640| |Coin|1,539|54|61|188|47|211|104|255|36|65|109|148|261| |Securities, unamortized premiums and discounts, repurchase agreements, and loans 1|6,564,615|151,323|3,481,969|129,443|267,392|590,437|433,859|333,059|99,059|43,846|62,981|294,736|676,511| |Net portfolio holdings of MS|||||||||||||| |Facilities 2020 LLC (Main Street|||||||||||||| |Lending Program) 2|1,325|1,325|0|0|0|0|0|0|0|0|0|0|0| |Central bank liquidity swaps 3|17|1|6|1|2|3|1|1|0|0|0|0|2| |Foreign currency denominated|||||||||||||| |assets 4|19,121|808|6,450|662|1,983|3,724|648|1,068|484|123|212|558|2,402| |Other assets 5|33,490|810|15,271|718|1,348|3,282|3,370|1,657|904|431|643|1,563|3,492| |Interdistrict settlement account|0|+ 14,368|- 191,889|- 5,266|- 20,193|- 51,683|+ 11,384|+ 94,002|+ 8,642|+ 20,761|+ 28,512|+ 31,733|+ 59,629| |Total assets|6,646,344|169,586|3,319,934|126,560|251,817|547,866|453,061|431,761|109,919|65,673|93,198|331,033|745,937| 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 26,237 898 8,066 815 1,238 1,891 3,695 1,720 794 446 740 2,294 3,640 Coin 1,539 54 61 188 47 211 104 255 36 65 109 148 261 Securities, unamortized premiums and discounts, repurchase agreements, and loans 1 6,564,615 151,323 3,481,969 129,443 267,392 590,437 433,859 333,059 99,059 43,846 62,981 294,736 676,511 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program) 2 1,325 1,325 0 0 0 0 0 0 0 0 0 0 0 Central bank liquidity swaps 3 17 1 6 1 2 3 1 1 0 0 0 0 2 Foreign currency denominated assets 4 19,121 808 6,450 662 1,983 3,724 648 1,068 484 123 212 558 2,402 Other assets 5 33,490 810 15,271 718 1,348 3,282 3,370 1,657 904 431 643 1,563 3,492 Interdistrict settlement account 0 + 14,368 - 191,889 - 5,266 - 20,193 - 51,683 + 11,384 + 94,002 + 8,642 + 20,761 + 28,512 + 31,733 + 59,629 Total assets 6,646,344 169,586 3,319,934 126,560 251,817 547,866 453,061 431,761 109,919 65,673 93,198 331,033 745,937 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. H.4.1 6. Statement of Condition of Each Federal Reserve Bank, March 11, 2026 (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|2,390,232|83,035|739,056|63,510|117,465|170,369|356,808|121,082|78,193|39,306|48,873|215,164|357,371| |Reverse repurchase agreements 6|325,460|7,494|172,723|6,421|13,263|29,290|21,525|16,511|4,910|2,174|3,123|14,598|33,427| |Deposits|4,121,013|81,084|2,534,558|58,971|126,359|377,630|72,107|313,516|25,410|24,240|41,880|99,714|365,543| |Depository institutions|3,073,151|81,076|1,662,352|58,970|126,329|377,021|72,095|138,771|25,405|24,187|41,853|99,636|365,458| |U.S. Treasury, General Account|805,806|0|805,806|0|0|0|0|0|0|0|0|0|0| |Foreign official|9,460|2|9,433|1|4|8|1|2|1|0|0|1|5| |Other 7|232,595|6|56,967|0|26|601|11|174,743|5|53|26|77|80| |Earnings remittances due to the U.S. Treasury 8|-244,914|-5,581|-143,453|-4,079|-10,463|-40,572|128|-22,424|20|-519|-1,519|51|-16,503| |Treasury contributions to credit facilities 9|821|821|0|0|0|0|0|0|0|0|0|0|0| |Other liabilities and accrued dividends|7,392|789|2,178|205|303|1,088|732|541|253|193|203|306|603| |Total liabilities|6,600,004|167,642|3,305,063|125,027|246,928|537,804|451,300|429,226|108,786|65,394|92,560|329,833|740,441| |Capital|||||||||||||| |Capital paid in|39,556|1,661|12,686|1,309|4,200|8,573|1,519|2,165|963|239|548|1,008|4,685| |Surplus|6,785|283|2,185|224|690|1,488|242|371|170|40|89|193|810| |Other capital|0|0|0|0|0|0|0|0|0|0|0|0|0| |Total liabilities and capital|6,646,344|169,586|3,319,934|126,560|251,817|547,866|453,061|431,761|109,919|65,673|93,198|331,033|745,937| 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 2,390,232 83,035 739,056 63,510 117,465 170,369 356,808 121,082 78,193 39,306 48,873 215,164 357,371 Reverse repurchase agreements 6 325,460 7,494 172,723 6,421 13,263 29,290 21,525 16,511 4,910 2,174 3,123 14,598 33,427 Deposits 4,121,013 81,084 2,534,558 58,971 126,359 377,630 72,107 313,516 25,410 24,240 41,880 99,714 365,543 Depository institutions 3,073,151 81,076 1,662,352 58,970 126,329 377,021 72,095 138,771 25,405 24,187 41,853 99,636 365,458 U.S. Treasury, General Account 805,806 0 805,806 0 0 0 0 0 0 0 0 0 0 Foreign official 9,460 2 9,433 1 4 8 1 2 1 0 0 1 5 Other 7 232,595 6 56,967 0 26 601 11 174,743 5 53 26 77 80 Earnings remittances due to the U.S. Treasury 8 -244,914 -5,581 -143,453 -4,079 -10,463 -40,572 128 -22,424 20 -519 -1,519 51 -16,503 Treasury contributions to credit facilities 9 821 821 0 0 0 0 0 0 0 0 0 0 0 Other liabilities and accrued dividends 7,392 789 2,178 205 303 1,088 732 541 253 193 203 306 603 Total liabilities 6,600,004 167,642 3,305,063 125,027 246,928 537,804 451,300 429,226 108,786 65,394 92,560 329,833 740,441 Capital Capital paid in 39,556 1,661 12,686 1,309 4,200 8,573 1,519 2,165 963 239 548 1,008 4,685 Surplus 6,785 283 2,185 224 690 1,488 242 371 170 40 89 193 810 Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0 Total liabilities and capital 6,646,344 169,586 3,319,934 126,560 251,817 547,866 453,061 431,761 109,919 65,673 93,198 331,033 745,937 Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. H.4.1 6. Statement of Condition of Each Federal Reserve Bank, March 11, 2026 (continued) |1.|Securities include outright holdings of U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities, including securities lent to dealers under the overnight securities| |---|---| ||lending facility; refer to table 1A. Mortgage-backed securities are guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Unamortized premiums and discounts are the differences between| ||the purchase price and the face value of the securities that have not been amortized. For U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities,| ||amortization is on an effective-interest basis. Repurchase agreements reflect the cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.| ||Loans includes primary, secondary, and seasonal loans; the Paycheck Protection Program Liquidity Facility; and other credit extensions.| |2.|Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury contributions to the facility. Refer to note on consolidation below.| |3.|Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.| |4.|Revalued daily at current foreign currency exchange rates.| |5.|Includes items in process of collection, bank premises, accrued interest (which represents the daily accumulation of interest earned), and other accounts receivable.| |6.|Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.| |7.|Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as fiscal agents of the United States.| |8.|The Federal Reserve Banks remit residual net earnings to the U.S. Treasury after providing for the costs of operations, payment of dividends, and the amount necessary to maintain each Federal Reserve Bank's allotted surplus cap. Positive amounts represent the estimated weekly remittances due to U.S. Treasury. Negative amounts represent the cumulative deferred asset position, which is incurred during a period when earnings are not sufficient to provide for the cost of operations, payment of dividends, and maintaining surplus. The deferred asset is the amount of net earnings that the Federal Reserve Banks need to realize before remittances to the U.S. Treasury resume.| |9.|Book value. Amount of equity investments in MS Facilities 2020 LLC.| 1. Securities include outright holdings of U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities, including securities lent to dealers under the overnight securities lending facility; refer to table 1A. Mortgage-backed securities are guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. Unamortized premiums and discounts are the differences between the purchase price and the face value of the securities that have not been amortized. For U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities, amortization is on an effective-interest basis. Repurchase agreements reflect the cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. Loans includes primary, secondary, and seasonal loans; the Paycheck Protection Program Liquidity Facility; and other credit extensions. 2. Includes assets purchased pursuant to terms of the credit facility and amounts related to Treasury contributions to the facility. Refer to note on consolidation below. 3. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign central bank. 4. Revalued daily at current foreign currency exchange rates. 5. Includes items in process of collection, bank premises, accrued interest (which represents the daily accumulation of interest earned), and other accounts receivable. 6. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 7. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as fiscal agents of the United States. 8. The Federal Reserve Banks remit residual net earnings to the U.S. Treasury after providing for the costs of operations, payment of dividends, and the amount necessary to maintain each Federal Reserve Bank's allotted surplus cap. Positive amounts represent the estimated weekly remittances due to U.S. Treasury. Negative amounts represent the cumulative deferred asset position, which is incurred during a period when earnings are not sufficient to provide for the cost of operations, payment of dividends, and maintaining surplus. The deferred asset is the amount of net earnings that the Federal Reserve Banks need to realize before remittances to the U.S. Treasury resume. 9. Book value. Amount of equity investments in MS Facilities 2020 LLC. ||Note on consolidation:| |---|---| ||On July 15, 2020, the Federal Reserve Bank of Boston (FRBB) began extending loans to the MS Facilities 2020 LLC, under the authority of section 13(3) of the Federal Reserve Act. The LLC is a special purpose vehicle that was formed to help ensure credit flows to small and medium-sized businesses and to eligible nonprofits. The assets of the LLC and the amount provided by U.S. Treasury as credit protection to the FRBB are used to secure the loan from the FRBB.| ||The FRBB is the managing member of MS Facilities 2020 LLC. Consistent with generally accepted accounting principles, the assets and liabilities of the LLC have been accounted for and consolidated with the assets and liabilities of the FRBB, in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the loan from the FRBB to the LLC is eliminated as are any balances held at the Federal Reserve Bank of New York (FRBNY) for the LLC consolidated to the FRBB. Treasury contributions to credit facilities are held at FRBNY until invested. Net assets of the LLC appear as assets on table 6 (and in table 1 and table 5), and the liabilities of the LLC to entities other than the FRBB, including those with recourse only to the portfolio holdings of the LLC, are included in other liabilities in this table (and table 1 and table 5). Net portfolio holdings of the LLC include assets purchased pursuant to terms of the credit facility and the amount provided by U.S. Treasury as credit protection to the FRBB appear as liabilities on table 6 (and in table 1 and table 5).| Note on consolidation: On July 15, 2020, the Federal Reserve Bank of Boston (FRBB) began extending loans to the MS Facilities 2020 LLC, under the authority of section 13(3) of the Federal Reserve Act. The LLC is a special purpose vehicle that was formed to help ensure credit flows to small and medium-sized businesses and to eligible nonprofits. The assets of the LLC and the amount provided by U.S. Treasury as credit protection to the FRBB are used to secure the loan from the FRBB. The FRBB is the managing member of MS Facilities 2020 LLC. Consistent with generally accepted accounting principles, the assets and liabilities of the LLC have been accounted for and consolidated with the assets and liabilities of the FRBB, in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the loan from the FRBB to the LLC is eliminated as are any balances held at the Federal Reserve Bank of New York (FRBNY) for the LLC consolidated to the FRBB. Treasury contributions to credit facilities are held at FRBNY until invested. Net assets of the LLC appear as assets on table 6 (and in table 1 and table 5), and the liabilities of the LLC to entities other than the FRBB, including those with recourse only to the portfolio holdings of the LLC, are included in other liabilities in this table (and table 1 and table 5). Net portfolio holdings of the LLC include assets purchased pursuant to terms of the credit facility and the amount provided by U.S. Treasury as credit protection to the FRBB appear as liabilities on table 6 (and in table 1 and table 5). H.4.1 7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts Millions of dollars |Federal Reserve notes and collateral|Wednesday| |---|---| |Mar 11, 2026|| |Federal Reserve notes outstanding|2,820,694| |Less: Notes held by F.R. Banks not subject to collateralization|430,462| |Federal Reserve notes to be collateralized|2,390,232| |Collateral held against Federal Reserve notes|2,390,232| |Gold certificate account|11,037| |Special drawing rights certificate account|15,200| |U.S. Treasury, agency debt, and mortgage-backed securities pledged 1,2|2,363,995| |Other assets pledged|0| |Memo:|| |Total U.S. Treasury, agency debt, and mortgage-backed securities 1,2|6,364,311| |Less: Face value of securities under reverse repurchase agreements|359,743| |U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged|6,004,567| Federal Reserve notes and collateral Wednesday Mar 11, 2026 Federal Reserve notes outstanding 2,820,694 Less: Notes held by F.R. Banks not subject to collateralization 430,462 Federal Reserve notes to be collateralized 2,390,232 Collateral held against Federal Reserve notes 2,390,232 Gold certificate account 11,037 Special drawing rights certificate account 15,200 U.S. Treasury, agency debt, and mortgage-backed securities pledged 1,2 2,363,995 Other assets pledged 0 Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities 1,2 6,364,311 Less: Face value of securities under reverse repurchase agreements 359,743 U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 6,004,567 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.| 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. ## Extraction Verification - Indicator in source context: Central Bank Balance Sheet (Federal Reserve balance sheet / H.4.1 release). - Payload value cross-check (trillion USD): actual **6.65**, previous **6.63**.