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FEDERAL RESERVE statistical release For Release at 4:30 P.M. Eastern Time May 1, 2025 In table 4, the outstanding amount of facility asset purchases for MS Facilities 2020 LLC (Main Street Lending Program) reflects the quarterly update to the allowance for credit losses. The allowance for credit losses was estimated based upon the Main Street Lending Program holdings as of March 31, 2025. FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks May 1, 2025 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 Reserve Bank credit Securities held outright1 U.S. Treasury securities Bills2 Notes and bonds, nominal2 Notes and bonds, inflation-indexed2 Inflation compensation3 Federal agency debt securities2 Mortgage-backed securities4 Unamortized premiums on securities held outright5 Unamortized discounts on securities held outright5 Repurchase agreements6 Foreign official Others Loans Primary credit Secondary credit Seasonal credit Paycheck Protection Program Liquidity Facility Bank Term Funding Program Other credit extensions7 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 Float Central bank liquidity swaps9 Other Federal Reserve assets10 Foreign currency denominated assets11 Gold stock Special drawing rights certificate account Treasury currency outstanding12 Week ended Apr 30, 2025 Averages of daily figures Change from week ended Apr 23, 2025 May 1, 2024 6,666,661 6,394,710 4,217,638 195,343 3,600,871 312,300 109,125 2,347 2,174,725 241,237 -23,641 873 857 16 5,149 3,329 2 11 1,806 0 0 + 6,844 -461 62 41,888 19,320 11,041 15,200 53,063 - + + + + + + + + + - + 13,315 12,559 104 0 576 245 436 0 12,663 671 86 729 714 15 390 396 2 1 8 0 0 + - 220 194 11 865 68 0 0 14 + 6,765,284 13,370 Total factors supplying reserve funds Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. Wednesday Apr 30, 2025 676,720 513,496 316,172 200 274,043 37,758 4,571 0 197,324 27,587 1,208 871 856 15 129,593 3,684 85 1 1,159 124,667 0 6,661,145 6,391,105 4,215,813 195,343 3,597,415 313,767 109,288 2,347 2,172,945 241,054 -23,625 111 1 110 5,303 3,485 0 12 1,806 0 0 + + 7,280 7 62 775 1,624 0 10,000 728 6,812 -907 62 41,230 19,402 11,041 15,200 53,063 - 664,368 6,759,850 + + + + + - 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 Week ended Apr 30, 2025 Averages of daily figures Change from week ended Apr 23, 2025 May 1, 2024 Currency in circulation12 Reverse repurchase agreements13 Foreign official and international accounts Others Treasury cash holdings Deposits with F.R. Banks, other than reserve balances Term deposits held by depository institutions U.S. Treasury, General Account Foreign official Other14 Treasury contributions to credit facilities15 Other liabilities and capital16 2,380,259 497,274 358,866 138,408 485 838,478 0 595,741 9,437 233,300 3,461 -173,886 + + + + - Total factors, other than reserve balances, absorbing reserve funds Reserve balances with Federal Reserve Banks Note: Components may not sum to totals because of rounding. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. + + - + 2,165 29,782 14,591 44,373 9 9,767 0 10,891 3 1,121 0 1,962 3,546,071 + 3,219,214 - + + Wednesday Apr 30, 2025 + - 35,741 343,298 7,909 335,389 35 258,569 0 321,436 14,328 77,195 3,977 60,780 2,381,886 632,122 381,521 250,601 498 914,826 0 677,657 9,439 227,730 3,461 -173,220 24,151 - 630,848 3,759,573 37,520 - 33,519 3,000,277 Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. Face value of the securities. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities. 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. Cash value of agreements. 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. 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. 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. Includes bank premises, accrued interest, and other accounts receivable. Revalued daily at current foreign currency exchange rates. Estimated. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities 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. Book value. Amount of equity investments in MS Facilities 2020 LLC. 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 Securities held in custody for foreign official and international accounts Marketable U.S. Treasury securities1 Federal agency debt and mortgage-backed securities2 Other securities3 Securities lent to dealers Overnight facility4 U.S. Treasury securities Federal agency debt securities Note: Components may not sum to totals because of rounding. 1. 2. 3. 4. Week ended Apr 30, 2025 3,278,565 2,922,904 270,997 84,664 26,206 26,206 26,206 0 Averages of daily figures Change from week ended Apr 23, 2025 May 1, 2024 - 16,372 12,310 1,954 2,109 2,981 2,981 2,981 0 + - 76,196 35,584 44,412 3,799 6,202 6,202 6,202 0 Wednesday Apr 30, 2025 3,271,528 2,916,875 270,936 83,717 30,170 30,170 30,170 0 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. Face value of federal agency securities and current face value of mortgage-backed securities, which is the remaining principal balance of the securities. Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed securities, and commercial paper at face value. Face value. Fully collateralized by U.S. Treasury securities. H.4.1 2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, April 30, 2025 Millions of dollars Within 15 days Remaining Maturity Loans U.S. Treasury securities2 Holdings Weekly changes 1,516 1 Federal agency debt securities3 Holdings Weekly changes + 100,454 41,364 2. 3. 4. 5. 6. 7. Over 5 year to 10 years 460 1,052 0 451,428 30,801 1,420,087 14,837 0 0 0 0 1,151 0 0 0 71 0 53 0 0 0 0 3,561 ... 0 ... 0 91 days to 1 year 2,275 - 149,087 59,891 0 0 Mortgage-backed securities4 0 Holdings 0 Weekly changes Loan participations held by MS Facilities 2020 LLC (Main Street 45 Lending Program)5 111 Repurchase agreements6 62 Central bank liquidity swaps7 632,122 Reverse repurchase agreements6 0 Term deposits Note: Components may not sum to totals because of rounding. ...Not applicable. 1. Over 1 year to 5 years 16 days to 90 days + - 4,047 21 12 ... 0 ... ... - 536,897 352 Over 10 years ... 1,557,859 1,032 + 1,196 0 - 34,898 937 ... ... 0 ... ... All 5,303 4,215,813 1,881 - 0 0 2,133,929 11,503 - ... ... 0 ... ... 2,347 0 2,172,945 12,461 - 3,672 111 62 632,122 0 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 day category has reached maturity and is recognized as performing loans based upon the underlying guarantee of the collateral by the Small Business Administration. 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. 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. Face value. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities. Book value of the loan participations held by the MS Facilities 2020 LLC. Cash value of agreements. 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 Apr 30, 2025 Mortgage-backed securities held outright1 Residential mortgage-backed securities Commercial mortgage-backed securities 2,172,945 2,164,964 7,981 0 Commitments to buy mortgage-backed securities2 Commitments to sell mortgage-backed securities2 0 0 Cash and cash equivalents3 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 Wednesday Apr 30, 2025 Net portfolio holdings of Credit Facilities LLC Credit Facilities LLC: Outstanding principal amount of loan extended to the LLC1 MS Facilities 2020 LLC (Main Street Lending 2,556 Program) Note: Components may not sum to totals because of rounding. 1. 2. 3. Outstanding amount of facility asset purchases2 2,705 Treasury contributions and other assets3 4,106 Total 6,812 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. Outstanding amount of facility asset purchases includes loan participations at face value, net of an allowance for credit losses, updated as of March 31, 2025. 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 Assets Gold certificate account Special drawing rights certificate account Coin Securities, unamortized premiums and discounts, repurchase agreements, and loans Securities held outright1 U.S. Treasury securities Bills2 Notes and bonds, nominal2 Notes and bonds, inflation-indexed2 Inflation compensation3 Federal agency debt securities2 Mortgage-backed securities4 Unamortized premiums on securities held outright5 Unamortized discounts on securities held outright5 Repurchase agreements6 Loans7 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)8 Items in process of collection Bank premises Central bank liquidity swaps9 Foreign currency denominated assets10 Other assets11 Eliminations from consolidation Wednesday Apr 30, 2025 11,037 15,200 1,511 (0) Change since Wednesday Wednesday Apr 23, 2025 May 1, 2024 - 6,613,947 6,391,105 4,215,813 195,343 3,597,415 313,767 109,288 2,347 2,172,945 241,054 -23,625 111 5,303 - 6,812 76 578 62 19,402 40,652 (0) 6,709,277 Total assets Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 0 0 14 + - 0 10,000 4 + - + + 15,475 14,342 1,881 0 4,032 1,712 439 0 12,461 645 31 889 372 + + - 656,123 501,197 302,093 200 261,270 36,369 4,654 0 199,104 27,602 1,146 111 128,580 + + + - 260 17 4 11 112 2,026 + + + - 7,302 13 140 62 1,728 1,588 - 17,653 - 653,197 + + H.4.1 5. Consolidated Statement of Condition of All Federal Reserve Banks (continued) Millions of dollars Assets, liabilities, and capital Liabilities Federal Reserve notes, net of F.R. Bank holdings Reverse repurchase agreements12 Deposits Term deposits held by depository institutions Other deposits held by depository institutions U.S. Treasury, General Account Foreign official Other13 Deferred availability cash items Treasury contributions to credit facilities14 Other liabilities and accrued dividends15 Total liabilities Capital accounts Capital paid in Surplus Other capital accounts Total capital Note: Components may not sum to totals because of rounding. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. Eliminations from consolidation (0) (0) (0) (0) Wednesday Apr 30, 2025 Change since Wednesday Wednesday Apr 23, 2025 May 1, 2024 2,330,829 632,122 3,915,103 0 3,000,277 677,657 9,439 227,730 982 3,461 -217,447 + + - + - + 2,065 87,132 109,400 0 208,638 101,498 5 2,265 553 0 1,997 + + - 34,912 165,943 457,676 0 316,758 212,785 255 72,121 304 3,977 61,903 6,665,050 - 17,653 - 654,284 37,442 6,785 0 0 0 0 + 1,087 0 0 44,227 0 + 1,087 + + + Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. Face value of the securities. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities. 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. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. Loans includes primary, secondary, and seasonal loans and credit extended through the Paycheck Protection Program Liquidity Facility, Bank Term Funding Program, and other credit extensions. 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. 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. Revalued daily at current foreign currency exchange rates. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 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. Book value. Amount of equity investments in MS Facilities 2020 LLC. Includes the liability for earnings remittances due to the U.S. Treasury. H.4.1 6. Statement of Condition of Each Federal Reserve Bank, April 30, 2025 Millions of dollars Assets, liabilities, and capital Assets Gold certificates and special drawing rights certificates Coin Securities, unamortized premiums and discounts, repurchase agreements, and loans1 Net portfolio holdings of MS Facilities 2020 LLC (Main Street Lending Program)2 Central bank liquidity swaps3 Foreign currency denominated assets4 Other assets5 Interdistrict settlement account Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City San Francisco Dallas 26,237 1,511 898 61 8,066 56 815 179 1,238 45 1,891 193 3,695 115 1,720 252 794 35 446 61 740 102 2,294 164 3,640 248 6,613,947 152,348 3,507,948 130,472 270,140 595,006 437,187 335,612 99,818 44,826 63,448 296,669 680,473 6,812 62 6,812 3 0 21 0 2 0 6 0 12 0 2 0 3 0 2 0 0 0 1 0 2 0 8 19,402 41,306 0 + 815 1,002 46,540 - 6,616 19,474 135,699 + 668 869 10,942 - 2,001 1,679 16,367 - 6,709,277 208,479 3,406,482 143,948 258,742 Total assets Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 3,758 3,980 19,823 + 585,016 654 4,061 29,636 + 475,350 1,077 2,059 72,958 + 413,682 489 790 7,682 + 109,609 124 509 5,095 + 51,062 214 750 11,968 + 77,223 563 1,911 12,006 313,609 2,423 4,222 24,939 666,076 H.4.1 6. Statement of Condition of Each Federal Reserve Bank, April 30, 2025 (continued) Millions of dollars Assets, liabilities, and capital Liabilities Federal Reserve notes, net Reverse repurchase agreements6 Deposits Depository institutions U.S. Treasury, General Account Foreign official Other7 Earnings remittances due to the U.S. Treasury8 Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City San Francisco Dallas 2,330,829 632,122 3,915,103 81,921 14,554 110,395 749,419 335,470 2,439,844 58,425 12,471 75,048 118,503 25,761 119,448 167,751 56,889 387,010 362,019 41,806 68,469 105,265 32,068 290,260 77,599 9,537 21,136 30,418 4,222 16,364 35,824 6,066 35,577 203,859 28,353 80,794 339,825 64,924 270,758 3,000,277 677,657 9,439 227,730 110,376 0 2 17 1,696,155 677,657 9,412 56,620 75,047 0 1 0 119,428 0 4 15 386,283 0 8 719 68,442 0 1 25 120,335 0 2 169,922 21,134 0 1 1 16,172 0 0 192 35,537 0 0 39 80,653 0 1 140 270,715 0 5 39 -227,679 -4,847 -137,403 -3,799 -10,001 -36,392 108 -17,136 15 -383 -1,005 -1,057 -15,777 3,461 3,461 0 0 0 0 0 0 0 0 0 0 0 11,213 1,132 4,297 281 396 1,179 1,409 783 208 156 222 340 811 6,665,050 206,616 3,391,628 142,426 254,106 576,437 473,812 411,239 108,495 50,778 76,684 312,288 660,541 37,442 6,785 0 1,577 287 0 12,566 2,288 0 1,287 235 0 3,933 704 0 7,257 1,322 0 1,308 230 0 2,063 379 0 942 172 0 241 44 0 463 75 0 1,122 198 0 4,683 852 0 6,709,277 208,479 3,406,482 143,948 258,742 Total liabilities and capital Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table. 585,016 475,350 413,682 109,609 51,062 77,223 313,609 666,076 Treasury contributions to credit facilities9 Other liabilities and accrued dividends Total liabilities Capital Capital paid in Surplus Other capital H.4.1 6. Statement of Condition of Each Federal Reserve Bank, April 30, 2025 (continued) 1. 2. 3. 4. 5. 6. 7. 8. 9. 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. 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. 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. Revalued daily at current foreign currency exchange rates. Includes items in process of collection, bank premises, accrued interest (which represents the daily accumulation of interest earned), and other accounts receivable. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities. 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. 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. Book value. Amount of equity investments in MS Facilities 2020 LLC. Note on consolidation: On July 15, 2020, the Federal Reserve Bank of Boston (FRBB) began extending loans to the MS Facilities 2020 LLC, under the authority of section 13(3) of the Federal Reserve Act. The LLC is a special purpose vehicle that was formed to help ensure credit flows to small and medium-sized businesses and to eligible nonprofits. The assets of the LLC and the amount provided by U.S. Treasury as credit protection to the FRBB are used to secure the loan from the FRBB. The FRBB is the managing member of MS Facilities 2020 LLC. Consistent with generally accepted accounting principles, the assets and liabilities of the LLC have been accounted for and consolidated with the assets and liabilities of the FRBB, in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the loan from the FRBB to the LLC is eliminated as are any balances held at the Federal Reserve Bank of New York (FRBNY) for the LLC consolidated to the FRBB. Treasury contributions to credit facilities are held at FRBNY until invested. Net assets of the LLC appear as assets on table 6 (and in table 1 and table 5), and the liabilities of the LLC to entities other than the FRBB, including those with recourse only to the portfolio holdings of the LLC, are included in other liabilities in this table (and table 1 and table 5). Net portfolio holdings of the LLC include assets purchased pursuant to terms of the credit facility and the amount provided by U.S. Treasury as credit protection to the FRBB appear as liabilities on table 6 (and in table 1 and table 5). H.4.1 7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts Millions of dollars Federal Reserve notes and collateral Federal Reserve notes outstanding Less: Notes held by F.R. Banks not subject to collateralization Federal Reserve notes to be collateralized Collateral held against Federal Reserve notes Gold certificate account Special drawing rights certificate account U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 Other assets pledged Memo: Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 Less: Face value of securities under reverse repurchase agreements U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged Note: Components may not sum to totals because of rounding. 1. 2. 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. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A. Wednesday Apr 30, 2025 2,802,715 471,886 2,330,829 2,330,829 11,037 15,200 2,304,592 0 6,391,216 704,132 5,687,084