FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks January 18, 2018

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

Jan 17, 2018 Jan 10, 2018 Jan 18, 2017

Wednesday

Jan 17, 2018

Reserve Bank credit 4,404,122 - 1,112 - 9,153 4,398,979

Securities held outright1 4,226,200 + 8,671 + 5,113 4,221,749

U.S. Treasury securities 2,447,866 - 343 - 15,651 2,447,009

Bills2 0 0 0 0

Notes and bonds, nominal2 2,318,946 + 542 - 21,044 2,320,301

Notes and bonds, inflation-indexed2 109,382 - 752 + 3,426 107,503

Inflation compensation3 19,538 - 133 + 1,967 19,205

Federal agency debt securities2 4,391 0 - 11,789 4,391

Mortgage-backed securities4 1,773,942 + 9,013 + 32,552 1,770,349

Unamortized premiums on securities held outright5 158,455 - 23 - 13,814 158,252

Unamortized discounts on securities held outright5 -14,102 + 25 + 948 -14,113

Repurchase agreements6 0 0 0 0

Loans 48 + 14 + 36 98

Primary credit 46 + 16 + 35 96

Secondary credit 0 0 0 0

Seasonal credit 3 - 1 + 2 2

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,715 + 2 + 10 1,715

Float -249 - 33 + 216 -145

Central bank liquidity swaps8 118 - 11,949 - 497 118

Other Federal Reserve assets9 31,937 + 2,182 - 1,165 31,305

Foreign currency denominated assets10 21,655 + 279 + 1,855 21,767

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 49,410 + 14 + 835 49,410

Total factors supplying reserve funds 4,491,428 - 820 - 6,463 4,486,396

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

Jan 17, 2018 Jan 10, 2018 Jan 18, 2017

Wednesday

Jan 17, 2018

Currency in circulation11 1,610,646 - 3,939 + 107,442 1,610,257

Reverse repurchase agreements12 260,835 - 51,951 - 95,937 260,759

Foreign official and international accounts 237,620 - 11,454 - 16,161 240,211

Others 23,215 - 40,498 - 79,776 20,548

Treasury cash holdings 228 + 3 + 44 247

Deposits with F.R. Banks, other than reserve balances 320,792 + 35,989 - 119,776 332,547

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 227,665 + 21,450 - 138,425 256,720

Foreign official 5,253 - 2 + 87 5,253

Other13 87,873 + 14,541 + 18,561 70,574

Other liabilities and capital14 49,027 + 2,075 + 57 48,134

Total factors, other than reserve balances,

absorbing reserve funds 2,241,528 - 17,823 - 108,169 2,251,945

Reserve balances with Federal Reserve Banks 2,249,899 + 17,002 + 101,704 2,234,452

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 securities, Federal agency debt securities, and 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, 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.

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

Jan 17, 2018 Jan 10, 2018 Jan 18, 2017

Wednesday

Jan 17, 2018

Securities held in custody for foreign official and international

accounts 3,355,538 + 3,973 + 185,704 3,357,812

Marketable U.S. Treasury securities1 3,015,039 + 3,833 + 164,700 3,017,984

Federal agency debt and mortgage-backed securities2 261,819 - 151 + 1,663 261,350

Other securities3 78,681 + 291 + 19,342 78,478

Securities lent to dealers 20,399 - 2,252 + 1,293 22,128

Overnight facility4 20,399 - 2,252 + 1,293 22,128

U.S. Treasury securities 20,399 - 2,252 + 1,342 22,128

Federal agency debt securities 0 0 - 49 0

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, January 17, 2018

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 98 0 0 0 0 ... 98

U.S. Treasury securities1

Holdings 27,847 80,038 317,233 1,083,901 316,716 621,273 2,447,009

Weekly changes + 24,749 - 27,620 + 1,813 - 1,212 + 2,681 - 1,611 - 1,200

Federal agency debt securities2

Holdings 0 0 1,982 62 0 2,347 4,391

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities3

Holdings 0 0 1 179 26,901 1,743,268 1,770,349

Weekly changes 0 0 0 + 2 - 106 + 5,523 + 5,419

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

Central bank liquidity swaps5 118 0 0 0 0 0 118

Reverse repurchase agreements4 260,759 0 ... ... ... ... 260,759

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 Jan 17, 2018

Mortgage-backed securities held outright1 1,770,349

Commitments to buy mortgage-backed securities2 20,414

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 0

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 Jan 17, 2018

Net portfolio holdings of Maiden Lane LLC1 1,715

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. Assets are revalued quarterly.

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

Jan 17, 2018 Jan 10, 2018 Jan 18, 2017

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,916 + 14 + 5

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,365,986 + 4,062 - 21,801

Securities held outright1 4,221,749 + 4,219 - 8,876

U.S. Treasury securities 2,447,009 - 1,200 - 16,495

Bills2 0 0 0

Notes and bonds, nominal2 2,320,301 + 1,897 - 21,905

Notes and bonds, inflation-indexed2 107,503 - 2,631 + 3,397

Inflation compensation3 19,205 - 466 + 2,013

Federal agency debt securities2 4,391 0 - 11,789

Mortgage-backed securities4 1,770,349 + 5,419 + 19,409

Unamortized premiums on securities held outright5 158,252 - 149 - 13,964

Unamortized discounts on securities held outright5 -14,113 + 3 + 989

Repurchase agreements6 0 0 0

Loans 98 - 11 + 50

Net portfolio holdings of Maiden Lane LLC7 1,715 0 + 10

Items in process of collection (0) 102 + 17 - 13

Bank premises 2,207 + 3 + 3

Central bank liquidity swaps8 118 - 11,949 - 497

Foreign currency denominated assets9 21,767 + 346 + 1,860

Other assets10 29,098 + 591 - 1,179

Total assets (0) 4,439,145 - 6,917 - 21,613

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

Jan 17, 2018 Jan 10, 2018 Jan 18, 2017

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,563,007 - 2,370 + 106,229

Reverse repurchase agreements11 260,759 - 37,531 - 122,118

Deposits (0) 2,566,998 + 32,207 - 4,630

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,234,452 - 23,442 + 115,634

U.S. Treasury, General Account 256,720 + 58,147 - 140,196

Foreign official 5,253 0 + 88

Other12 (0) 70,574 - 2,498 + 19,846

Deferred availability cash items (0) 247 - 127 - 522

Other liabilities and accrued dividends13 6,728 + 884 - 1,532

Total liabilities (0) 4,397,740 - 6,937 - 22,572

Capital accounts

Capital paid in 31,405 + 20 + 959

Surplus 10,000 0 0

Other capital accounts 0 0 0

Total capital 41,405 + 20 + 959

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 securities, Federal agency debt securities, and 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, 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.

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, January 17, 2018

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 11,037 349 3,592 348 553 776 1,520 737 341 191 292 916 1,422

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

Coin 1,916 50 46 189 147 271 201 304 35 52 111 203 307

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,365,986 85,065 2,458,438 112,725 126,607 255,800 256,992 183,670 58,218 34,040 61,921 174,781 557,728

Securities held outright1 4,221,749 82,255 2,377,232 109,004 122,427 247,355 248,508 177,561 56,296 32,915 59,874 169,009 539,313

U.S. Treasury securities 2,447,009 47,677 1,377,891 63,181 70,961 143,372 144,040 102,918 32,630 19,078 34,704 97,961 312,596

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

Notes and bonds3 2,447,009 47,677 1,377,891 63,181 70,961 143,372 144,040 102,918 32,630 19,078 34,704 97,961 312,596

Federal agency debt securities2 4,391 86 2,473 113 127 257 258 185 59 34 62 176 561

Mortgage-backed securities4 1,770,349 34,493 996,869 45,710 51,339 103,726 104,209 74,459 23,607 13,803 25,108 70,872 226,155

Unamortized premiums on securities 

held outright5 158,252 3,083 89,110 4,086 4,589 9,272 9,315 6,656 2,110 1,234 2,244 6,335 20,216

Unamortized discounts on securities 

held outright5 -14,113 -275 -7,947 -364 -409 -827 -831 -594 -188 -110 -200 -565 -1,803

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

Loans 98 1 43 0 0 0 0 47 0 1 3 2 3

Net portfolio holdings of Maiden

Lane LLC7 1,715 0 1,715 0 0 0 0 0 0 0 0 0 0

Items in process of collection 102 1 0 0 0 0 101 0 0 1 0 0 0

Bank premises 2,207 114 446 72 122 199 204 203 110 88 236 219 193

Central bank liquidity swaps8 118 5 38 6 10 26 7 5 1 0 1 2 17

Foreign currency denominated

assets9 21,767 944 6,972 1,170 1,773 4,704 1,270 911 238 92 211 278 3,205

Other assets10 29,098 610 15,901 747 857 1,912 1,726 1,217 479 242 489 1,229 3,689

Interdistrict settlement account 0 + 5,085 + 17,138 - 6,617 - 11,962 - 12,586 + 8,086 + 39,179 - 2,277 + 537 + 5,082 - 3,028 - 38,638

Total assets 4,439,145 92,419 2,506,102 108,852 118,343 251,513 270,761 226,651 57,295 35,332 68,496 174,883 528,497

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, January 17, 2018 (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 1,750,413 57,296 582,246 54,165 83,650 119,155 244,440 115,818 52,426 31,114 47,897 140,693 221,513

Less: Notes held by F.R. Banks 187,406 6,536 46,224 6,842 10,384 15,447 26,181 12,422 5,721 3,663 6,195 18,509 29,282

Federal Reserve notes, net 1,563,007 50,760 536,022 47,323 73,266 103,709 218,259 103,396 46,705 27,451 41,701 122,184 192,231

Reverse repurchase agreements11 260,759 5,081 146,832 6,733 7,562 15,278 15,349 10,967 3,477 2,033 3,698 10,439 33,311

Deposits 2,566,998 34,606 1,806,993 52,227 33,900 122,914 34,222 110,174 6,393 5,380 22,528 41,462 296,200

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 2,234,452 34,601 1,528,785 52,225 33,896 122,763 34,213 56,027 6,386 5,380 22,526 41,457 296,193

U.S. Treasury, General Account 256,720 0 256,720 0 0 0 0 0 0 0 0 0 0

Foreign official 5,253 2 5,225 2 3 9 2 2 0 0 0 1 6

Other12 70,574 4 16,264 0 0 142 7 54,145 7 0 1 4 1

Deferred availability cash items 247 0 0 0 0 0 108 0 0 139 0 0 0

Earnings remittances due to the U.S.

Treasury13 1,631 42 789 52 73 145 117 62 28 13 22 69 218

Other liabilities and accrued

dividends 5,097 160 2,363 196 194 525 316 304 131 130 139 214 424

Total liabilities 4,397,740 90,650 2,493,000 106,531 114,995 242,571 268,371 224,902 56,735 35,146 68,088 174,367 522,384

Capital

Capital paid in 31,405 1,335 9,901 1,783 2,534 6,781 1,807 1,331 451 144 311 387 4,640

Surplus 10,000 434 3,202 538 815 2,161 583 419 109 42 97 128 1,473

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

Total liabilities and capital 4,439,145 92,419 2,506,102 108,852 118,343 251,513 270,761 226,651 57,295 35,332 68,496 174,883 528,497

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, January 17, 2018 (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 securities, Federal

agency debt securities, and 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, 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.

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 Jan 17, 2018

Federal Reserve notes outstanding 1,750,413

Less: Notes held by F.R. Banks not subject to collateralization 187,406

Federal Reserve notes to be collateralized 1,563,007

Collateral held against Federal Reserve notes 1,563,007

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,546,770

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,221,749

Less: Face value of securities under reverse repurchase agreements 259,260

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,962,489

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.