Since the armature windings of a direct-current or universal motor are moving through a magnetic field, they have a voltage induced in them. This voltage tends to oppose the motor supply voltage and so is called "back electromotive force (emf)". The voltage is proportional to the running speed of the motor. The back emf of the motor, plus the voltage drop across the winding internal resistance and brushes, must equal the voltage at the brushes. This provides the fundamental mechanism of speed regulation in a DC motor. If the mechanical load increases, the motor slows down; a lower back emf results, and more current is drawn from the supply. This increased current provides the additional torque to balance the new load.
 Voltage at the brushes is not equal to what?