diff --git a/rai/secure.cpp b/rai/secure.cpp
index 17a82c28..f777624f 100755
--- a/rai/secure.cpp
+++ b/rai/secure.cpp
@@ -2983,7 +2983,8 @@ rai::process_return rai::ledger::process (MDB_txn * transaction_a, rai::block co
 rai::uint128_t rai::ledger::supply (MDB_txn * transaction_a)
 {
 	auto unallocated (account_balance (transaction_a, rai::genesis_account));
-    auto absolute_supply (rai::genesis_amount - unallocated);
+	auto burned (account_pending (transaction_a, 0));
+	auto absolute_supply (rai::genesis_amount - unallocated - burned);
 	auto adjusted_supply (absolute_supply - inactive_supply);
 	return adjusted_supply <= absolute_supply ? adjusted_supply : 0;
 }