FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks June 23, 2016

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Week ended

Jun 22, 2016 Jun 15, 2016 Jun 24, 2015

Wednesday

Jun 22, 2016

Reserve Bank credit 4,438,233 + 6,549 - 21,898 4,442,347

Securities held outright1 4,242,153 + 5,727 - 4,614 4,245,772

U.S. Treasury securities 2,462,118 + 135 + 1,227 2,462,168

Bills2 0 0 0 0

Notes and bonds, nominal2 2,339,286 0 - 7,356 2,339,286

Notes and bonds, inflation-indexed2 105,939 0 + 7,405 105,939

Inflation compensation3 16,892 + 135 + 1,177 16,942

Federal agency debt securities2 25,096 0 - 10,799 25,096

Mortgage-backed securities4 1,754,939 + 5,591 + 4,958 1,758,508

Unamortized premiums on securities held outright5 181,622 - 151 - 17,599 181,634

Unamortized discounts on securities held outright5 -15,970 + 37 + 1,592 -15,958

Repurchase agreements6 0 0 0 0

Loans 147 + 43 - 29 144

Primary credit 39 + 30 + 16 22

Secondary credit 0 0 0 0

Seasonal credit 108 + 13 - 45 122

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,713 0 + 17 1,713

Float -139 + 65 + 195 -122

Central bank liquidity swaps8 0 - 6 - 115 0

Other Federal Reserve assets9 28,708 + 835 - 1,343 29,163

Foreign currency denominated assets10 21,259 + 170 + 1,329 21,269

Gold stock 11,041 0 0 11,041

Special drawing rights certificate account 5,200 0 0 5,200

Treasury currency outstanding11 47,913 + 14 + 942 47,913

Total factors supplying reserve funds 4,523,646 + 6,734 - 19,628 4,527,770

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

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Week ended

Jun 22, 2016 Jun 15, 2016 Jun 24, 2015

Wednesday

Jun 22, 2016

Currency in circulation11 1,456,060 - 614 + 91,644 1,457,131

Reverse repurchase agreements12 307,819 + 26,141 - 2,957 335,070

Foreign official and international accounts 242,732 - 60 + 91,506 244,684

Others 65,087 + 26,201 - 94,464 90,386

Treasury cash holdings 90 - 3 - 40 96

Deposits with F.R. Banks, other than reserve balances 349,659 + 69,004 + 78,916 369,599

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 316,838 + 85,581 + 77,340 331,412

Foreign official 5,334 + 117 + 92 5,196

Other13 27,487 - 16,694 + 1,484 32,991

Other liabilities and capital14 48,120 - 538 - 18,763 47,279

Total factors, other than reserve balances,

absorbing reserve funds 2,161,748 + 93,989 + 148,799 2,209,175

Reserve balances with Federal Reserve Banks 2,361,897 - 87,256 - 168,427 2,318,595

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 and Federal agency debt securities, amortization is on a straight-line basis. For mortgage-backed securities,

amortization is on an effective-interest basis.

6. Cash value of agreements.

7. Refer to table 4 and the note on consolidation accompanying table 6.

8. 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.

9. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable. Also, includes Reserve

Bank premises and equipment net of allowances for depreciation.

10. Revalued daily at current foreign currency exchange rates.

11. Estimated.

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, and designated

financial market utilities. 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. 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

Averages of daily figures

Memorandum item Week ended Change from week ended

Jun 22, 2016 Jun 15, 2016 Jun 24, 2015

Wednesday

Jun 22, 2016

Securities held in custody for foreign official and international

accounts 3,238,493 + 139 - 129,581 3,236,220

Marketable U.S. Treasury securities1 2,925,000 + 2,191 - 96,643 2,923,142

Federal agency debt and mortgage-backed securities2 263,195 - 1,919 - 38,540 262,741

Other securities3 50,298 - 132 + 5,602 50,337

Securities lent to dealers 21,153 + 72 + 9,700 22,898

Overnight facility4 21,153 + 72 + 9,700 22,898

U.S. Treasury securities 21,143 + 69 + 9,832 22,885

Federal agency debt securities 10 + 3 - 132 13

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.

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, June 22, 2016

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 135 10 0 0 0 ... 144

U.S. Treasury securities1

Holdings 13,567 24,155 140,391 1,198,015 449,682 636,358 2,462,168

Weekly changes 0 + 4 + 4 + 21 + 24 + 82 + 136

Federal agency debt securities2

Holdings 0 4,604 12,395 5,750 0 2,347 25,096

Weekly changes 0 + 2,000 - 2,000 0 0 0 0

Mortgage-backed securities3

Holdings 0 0 0 956 9,812 1,747,740 1,758,508

Weekly changes 0 0 0 + 32 + 699 + 6,453 + 7,184

Repurchase agreements4 0 0 ... ... ... ... 0

Central bank liquidity swaps5 0 0 0 0 0 0 0

Reverse repurchase agreements4 335,070 0 ... ... ... ... 335,070

Term deposits 0 0 0 ... ... ... 0

Note: Components may not sum to totals because of rounding.

...Not applicable.

1. 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.

2. Face value.

3. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.

4. Cash value of agreements.

5. 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

Wednesday Account name Jun 22, 2016

Mortgage-backed securities held outright1 1,758,508

Commitments to buy mortgage-backed securities2 24,113

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 14

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. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls, and coupon swaps.

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 Maiden Lane LLC

Millions of dollars

Wednesday Account name Jun 22, 2016

Net portfolio holdings of Maiden Lane LLC1 1,713

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 0

Accrued interest payable to the Federal Reserve Bank of New York2 0

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 0

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of March 31, 2016. Any assets purchased after this

valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York’s statement of condition consistent with

consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 6.

3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in

table 5 and table 6.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3) of

the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets through time

to maximize repayment of the credit extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior loan

from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were repaid in full, with interest.
H.4.1

5. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Jun 22, 2016 Jun 15, 2016 Jun 24, 2015

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,863 + 19 - 4

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,411,592 + 7,270 - 13,182

Securities held outright1 4,245,772 + 7,319 + 2,573

U.S. Treasury securities 2,462,168 + 136 + 1,257

Bills2 0 0 0

Notes and bonds, nominal2 2,339,286 0 - 7,356

Notes and bonds, inflation-indexed2 105,939 0 + 7,405

Inflation compensation3 16,942 + 135 + 1,207

Federal agency debt securities2 25,096 0 - 10,799

Mortgage-backed securities4 1,758,508 + 7,184 + 12,115

Unamortized premiums on securities held outright5 181,634 - 105 - 17,284

Unamortized discounts on securities held outright5 -15,958 + 33 + 1,592

Repurchase agreements6 0 0 0

Loans 144 + 23 - 63

Net portfolio holdings of Maiden Lane LLC7 1,713 0 + 17

Items in process of collection (0) 171 + 7 + 99

Bank premises 2,218 + 1 - 25

Central bank liquidity swaps8 0 - 6 - 115

Foreign currency denominated assets9 21,269 + 162 + 1,546

Other assets10 26,946 + 1,738 - 1,382

Total assets (0) 4,482,009 + 9,192 - 13,046

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

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Jun 22, 2016 Jun 15, 2016 Jun 24, 2015

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,411,173 - 111 + 90,698

Reverse repurchase agreements11 335,070 + 63,701 + 45,654

Deposits (0) 2,688,193 - 54,862 - 131,173

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,318,595 - 86,306 - 174,934

U.S. Treasury, General Account 331,412 + 25,889 + 90,650

Foreign official 5,196 - 1 - 47

Other12 (0) 32,991 + 5,557 - 46,842

Deferred availability cash items (0) 293 - 109 - 132

Other liabilities and accrued dividends13 7,166 + 569 + 58

Total liabilities (0) 4,441,895 + 9,189 + 5,104

Capital accounts

Capital paid in 30,114 + 3 + 982

Surplus 10,000 0 - 19,132

Other capital accounts 0 0 0

Total capital 40,114 + 3 - 18,150

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 and Federal agency debt securities, amortization is on a straight-line basis. For 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. Refer to table 4 and the note on consolidation accompanying table 6.

8. 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.

9. Revalued daily at current foreign currency exchange rates.

10. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.

11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

12. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated

financial market utilities. 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.

13. Includes the liability for earnings remittances due to the U.S. Treasury.
H.4.1

6. Statement of Condition of Each Federal Reserve Bank, June 22, 2016

Millions of dollars

Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco

Assets

Gold certificate account 11,037 355 3,588 359 586 760 1,541 753 360 193 296 875 1,371

Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574

Coin 1,863 48 61 139 135 298 187 276 28 53 139 186 312

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,411,592 108,368 2,510,410 119,780 132,115 269,600 246,912 175,801 55,719 32,565 61,410 157,026 541,884

Securities held outright1 4,245,772 104,298 2,416,129 115,282 127,154 259,475 237,632 169,172 53,585 31,302 59,090 151,127 521,525

U.S. Treasury securities 2,462,168 60,484 1,401,139 66,853 73,738 150,472 137,806 98,105 31,075 18,152 34,267 87,640 302,438

Bills2 0 0 0 0 0 0 0 0 0 0 0 0 0

Notes and bonds3 2,462,168 60,484 1,401,139 66,853 73,738 150,472 137,806 98,105 31,075 18,152 34,267 87,640 302,438

Federal agency debt securities2 25,096 616 14,281 681 752 1,534 1,405 1,000 317 185 349 893 3,083

Mortgage-backed securities4 1,758,508 43,198 1,000,709 47,747 52,664 107,469 98,422 70,068 22,194 12,965 24,474 62,594 216,004

Unamortized premiums on securities 

held outright5 181,634 4,462 103,362 4,932 5,440 11,100 10,166 7,237 2,292 1,339 2,528 6,465 22,311

Unamortized discounts on securities 

held outright5 -15,958 -392 -9,081 -433 -478 -975 -893 -636 -201 -118 -222 -568 -1,960

Repurchase agreements6 0 0 0 0 0 0 0 0 0 0 0 0 0

Loans 144 0 0 0 0 0 7 27 43 42 14 2 9

Net portfolio holdings of Maiden

Lane LLC7 1,713 0 1,713 0 0 0 0 0 0 0 0 0 0

Items in process of collection 171 0 0 0 0 0 171 0 0 1 0 0 0

Bank premises 2,218 121 429 74 106 208 209 202 116 90 241 225 197

Central bank liquidity swaps8 0 0 0 0 0 0 0 0 0 0 0 0 0

Foreign currency denominated

assets9 21,269 940 7,019 1,170 1,620 4,743 1,181 570 218 91 212 270 3,235

Other assets10 26,946 694 14,781 732 806 1,805 1,510 1,079 547 221 419 1,040 3,311

Interdistrict settlement account 0 - 19,835 + 33,877 - 2,194 - 10,901 - 15,785 + 3,377 + 1,185 - 299 - 1,167 - 2,632 + 6,963 + 7,412

Total assets 4,482,009 90,888 2,573,695 120,271 124,704 262,041 255,742 180,290 56,838 32,137 60,239 166,867 558,298

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, June 22, 2016 (continued)

Millions of dollars

Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco

Liabilities

Federal Reserve notes outstanding 1,587,942 49,787 509,403 49,526 81,529 110,247 222,171 106,611 50,592 27,372 40,439 132,753 207,512

Less: Notes held by F.R. Banks 176,769 5,578 55,133 5,924 9,368 12,672 25,808 10,834 5,160 2,734 5,110 14,734 23,715

Federal Reserve notes, net 1,411,173 44,209 454,269 43,602 72,161 97,575 196,363 95,777 45,432 24,638 35,329 118,019 183,797

Reverse repurchase agreements11 335,070 8,231 190,677 9,098 10,035 20,477 18,754 13,351 4,229 2,470 4,663 11,927 41,158

Deposits 2,688,193 36,481 1,912,054 65,149 39,196 134,502 37,880 69,333 6,596 4,489 19,699 36,132 326,683

Term deposits held by depository

institutions 0 0 0 0 0 0 0 0 0 0 0 0 0

Other deposits held by depository

institutions 2,318,595 36,471 1,549,841 65,147 39,193 134,304 37,871 62,194 6,586 4,489 19,698 36,131 326,672

U.S. Treasury, General Account 331,412 0 331,412 0 0 0 0 0 0 0 0 0 0

Foreign official 5,196 2 5,169 2 3 9 2 1 0 0 0 1 6

Other12 32,991 9 25,632 0 0 189 7 7,137 10 0 1 1 5

Deferred availability cash items 293 0 0 0 0 0 73 0 0 220 0 0 0

Earnings remittances due to the U.S.

Treasury13 2,063 58 1,125 59 67 138 127 80 30 15 33 76 255

Other liabilities and accrued

dividends 5,102 162 2,418 201 206 537 326 261 132 134 122 204 398

Total liabilities 4,441,895 89,141 2,560,543 118,109 121,666 253,230 253,523 178,802 56,420 31,966 59,847 166,358 552,291

Capital

Capital paid in 30,114 1,305 9,853 1,612 2,276 6,581 1,664 1,220 315 128 292 382 4,486

Surplus 10,000 442 3,299 550 762 2,230 555 268 103 43 100 127 1,521

Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 4,482,009 90,888 2,573,695 120,271 124,704 262,041 255,742 180,290 56,838 32,137 60,239 166,867 558,298

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, June 22, 2016 (continued)

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2. Face value of the securities.

3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such 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 and Federal

agency debt securities, amortization is on a straight-line basis. For 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. Refer to table 4 and the note on consolidation below.

8. 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.

9. Revalued daily at current foreign currency exchange rates.

10. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.

11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

12. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities. 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.

13. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after

providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $10 billion surplus.

Note on consolidation:

On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to acquire certain

assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the remaining outstanding balance of

the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual returns and could have absorbed any

residual losses should they have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the assets and liabilities of FRBNY in the preparation

of the statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was eliminated, the net assets of ML appeared as assets on the previous

page (and in table 1 and table 5), and the liabilities of ML to entities other than FRBNY, including those with recourse only to the ML portfolio holdings, were included in other liabilities in this table (and table 1

and table 5).
H.4.1

7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents’ Accounts

Millions of dollars

Wednesday Federal Reserve notes and collateral Jun 22, 2016

Federal Reserve notes outstanding 1,587,942

Less: Notes held by F.R. Banks not subject to collateralization 176,769

Federal Reserve notes to be collateralized 1,411,173

Collateral held against Federal Reserve notes 1,411,173

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,394,936

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,245,772

Less: Face value of securities under reverse repurchase agreements 308,453

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,937,319

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.