The cloned guinea-pig Y2 neuropeptide Y (NPY) receptors expressed in Chinese hamster ovary (CHO) cells, as well as the Y2 receptors natively expressed in rat forebrain, are distributed in two populations. A smaller population that is readily accessed by agonist peptides on the surface of intact cells constitutes less than 30% of Y2 receptors detected in particulates after cell homogenization. A much larger fraction of cell surface Y2 sites can be activated by sulfhydryl modifiers. A fast and large activation of these masked or cryptic sites could be obtained with membrane-permeating, vicinal cysteine-bridging arsenical phenylarsine oxide. A lower activation is effected by N-ethylmaleimide, an alkylator that slowly penetrates lipid bilayers. The restricted-access alkylator, 2-[(trimethylammonium)ethyl]methanethiosulfonate, was not effective in unmasking these sites. Some of the hidden cell surface Y2 sites could be activated by polyene filipin III through complexing of membrane cholesterol. The results are consistent with the presence of a large Y2 reserve in a compartment that can be accessed by alteration of sulfhydryl balance or fluidity of the cell membrane, and by treatments that affect the anchoring and aggregation of membrane proteins.Keywords: receptor sequestration; receptor reserve; receptor signaling; receptor masking.Synaptic discharge of many neurotransmitters produces concentrations of these receptor agonists that saturate the respective binding sites, with a potential for prolonged and excessive signaling. With receptors characterized by high binding affinities, which represent a large fraction of rhodopsin-related neurotransmitter receptors, it may not be possible to adequately constrain the signaling by dissociation of the agonist. For neuropeptide receptors, a paracrine regulation via secretion of specific peptidases would meet large difficulties in both the selectivity and the economy of action. Scavenging by cell membrane-resident ectoproteinases by way of in situ encounters with extracellular agonists may not satisfy the clearance needs created by agonist discharge. A much more selective (and potentially quicker) regulation could be provided by sequestration or internalization of the receptor-ligand complex and further intramembrane or intracellular processing (reviewed in [1,2]). This could be accomplished by recycling sequestration (e.g. the m1 muscarinic receptor [3]), by recycling internalization (e.g. the m2 muscarinic receptor [4] or the neuropeptide Y (NPY) Y1 receptor [5]), and by lysosome-linked disposing internalization (e.g. the endothelin-B receptor [6]), all possibly enacted in relation to the prevailing levels of the respective agonists and the extent of preservation of the respective receptor molecules. Among neuropeptide transmitters, large levels of NPY are present in many areas of the forebrain [7], enabling an important regulation of feeding [8]. The forebrain NPY receptors include all principal Y receptor types [9], with Y1 and Y2 receptors detected at largest levels [10]....