FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks August 9, 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

Aug 8, 2018 Aug 1, 2018 Aug 9, 2017

Wednesday

Aug 8, 2018

Reserve Bank credit 4,217,655 - 14,796 - 210,790 4,218,548

Securities held outright1 4,048,861 - 16,452 - 193,476 4,048,879

U.S. Treasury securities 2,336,907 - 16,455 - 128,305 2,336,925

Bills2 0 0 0 0

Notes and bonds, nominal2 2,200,589 - 17,028 - 136,976 2,200,589

Notes and bonds, inflation-indexed2 114,592 + 504 + 5,619 114,592

Inflation compensation3 21,726 + 69 + 3,053 21,744

Federal agency debt securities2 2,409 0 - 5,688 2,409

Mortgage-backed securities4 1,709,545 + 3 - 59,484 1,709,545

Unamortized premiums on securities held outright5 147,851 - 246 - 16,731 147,790

Unamortized discounts on securities held outright5 -13,815 + 19 + 788 -13,804

Repurchase agreements6 0 0 0 0

Loans 228 - 4 + 24 255

Primary credit 3 - 5 + 1 3

Secondary credit 0 0 0 0

Seasonal credit 224 0 + 22 251

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,717 + 1 + 7 1,719

Float -195 + 252 + 82 -215

Central bank liquidity swaps8 100 0 + 64 100

Other Federal Reserve assets9 32,908 + 1,634 - 1,548 33,825

Foreign currency denominated assets10 21,042 - 77 - 255 21,052

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 49,712 + 14 + 652 49,712

Total factors supplying reserve funds 4,304,650 - 14,859 - 210,394 4,305,553

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

Aug 8, 2018 Aug 1, 2018 Aug 9, 2017

Wednesday

Aug 8, 2018

Currency in circulation11 1,669,431 + 1,632 + 104,086 1,671,632

Reverse repurchase agreements12 236,817 - 3,159 - 100,893 237,390

Foreign official and international accounts 234,971 - 2,459 - 5,481 235,731

Others 1,847 - 698 - 95,410 1,659

Treasury cash holdings 215 + 8 + 44 219

Deposits with F.R. Banks, other than reserve balances 402,457 - 26,450 + 170,805 386,101

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 326,471 - 25,052 + 176,609 311,690

Foreign official 5,258 + 1 + 89 5,257

Other13 70,728 - 1,399 - 5,893 69,154

Other liabilities and capital14 44,341 - 731 - 3,531 44,108

Total factors, other than reserve balances,

absorbing reserve funds 2,353,261 - 28,700 + 170,510 2,339,450

Reserve balances with Federal Reserve Banks 1,951,389 + 13,841 - 380,904 1,966,103

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

Aug 8, 2018 Aug 1, 2018 Aug 9, 2017

Wednesday

Aug 8, 2018

Securities held in custody for foreign official and international

accounts 3,442,216 + 8,007 + 106,060 3,437,538

Marketable U.S. Treasury securities1 3,068,604 + 6,526 + 56,630 3,064,763

Federal agency debt and mortgage-backed securities2 300,380 + 1,616 + 37,965 300,335

Other securities3 73,232 - 135 + 11,465 72,439

Securities lent to dealers 18,608 + 829 - 4,346 17,811

Overnight facility4 18,608 + 829 - 4,346 17,811

U.S. Treasury securities 18,608 + 829 - 4,346 17,811

Federal agency debt securities 0 0 0 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, August 8, 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 40 215 0 0 0 ... 255

U.S. Treasury securities1

Holdings 23,069 63,772 305,548 1,028,055 296,639 619,841 2,336,925

Weekly changes 0 + 23,833 - 23,832 + 7 + 17 + 23 + 49

Federal agency debt securities2

Holdings 0 0 62 0 0 2,347 2,409

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities3

Holdings 0 0 0 151 43,527 1,665,866 1,709,545

Weekly changes 0 0 0 + 5 + 2,500 - 2,505 + 1

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

Central bank liquidity swaps5 100 0 0 0 0 0 100

Reverse repurchase agreements4 237,390 0 ... ... ... ... 237,390

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 Aug 8, 2018

Mortgage-backed securities held outright1 1,709,545

Commitments to buy mortgage-backed securities2 10,814

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 Aug 8, 2018

Net portfolio holdings of Maiden Lane LLC1 1,719

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

Aug 8, 2018 Aug 1, 2018 Aug 9, 2017

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,783 + 16 - 68

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,183,120 - 107 - 209,345

Securities held outright1 4,048,879 + 50 - 193,468

U.S. Treasury securities 2,336,925 + 49 - 128,296

Bills2 0 0 0

Notes and bonds, nominal2 2,200,589 0 - 136,976

Notes and bonds, inflation-indexed2 114,592 0 + 5,619

Inflation compensation3 21,744 + 49 + 3,061

Federal agency debt securities2 2,409 0 - 5,688

Mortgage-backed securities4 1,709,545 + 1 - 59,484

Unamortized premiums on securities held outright5 147,790 - 213 - 16,713

Unamortized discounts on securities held outright5 -13,804 + 29 + 789

Repurchase agreements6 0 0 0

Loans 255 + 27 + 47

Net portfolio holdings of Maiden Lane LLC7 1,719 + 3 + 9

Items in process of collection (0) 194 - 8 + 129

Bank premises 2,180 + 1 - 16

Central bank liquidity swaps8 100 0 + 64

Foreign currency denominated assets9 21,052 - 17 - 259

Other assets10 31,645 + 2,490 - 1,567

Total assets (0) 4,258,030 + 2,377 - 211,053

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

Aug 8, 2018 Aug 1, 2018 Aug 9, 2017

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,623,919 + 1,961 + 103,868

Reverse repurchase agreements11 237,390 + 1,631 - 105,879

Deposits (0) 2,352,204 - 445 - 205,866

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 1,966,103 - 329 - 370,212

U.S. Treasury, General Account 311,690 + 1,486 + 172,137

Foreign official 5,257 0 + 92

Other12 (0) 69,154 - 1,602 - 7,883

Deferred availability cash items (0) 410 - 210 - 65

Other liabilities and accrued dividends13 5,204 - 559 - 1,138

Total liabilities (0) 4,219,126 + 2,378 - 209,081

Capital accounts

Capital paid in 32,079 0 + 1,203

Surplus 6,825 0 - 3,175

Other capital accounts 0 0 0

Total capital 38,904 0 - 1,972

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, August 8, 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 11,037 364 3,626 350 544 773 1,491 739 334 199 307 905 1,405

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

Coin 1,783 40 40 161 118 249 204 293 34 46 108 201 290

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,183,120 79,888 2,309,267 105,609 118,586 247,526 251,100 224,039 55,805 35,003 65,851 172,962 517,485

Securities held outright1 4,048,879 77,329 2,235,295 102,226 114,787 239,597 243,041 216,849 53,904 33,788 63,739 167,420 500,903

U.S. Treasury securities 2,336,925 44,633 1,290,164 59,002 66,253 138,290 140,278 125,161 31,112 19,502 36,789 96,631 289,111

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

Notes and bonds3 2,336,925 44,633 1,290,164 59,002 66,253 138,290 140,278 125,161 31,112 19,502 36,789 96,631 289,111

Federal agency debt securities2 2,409 46 1,330 61 68 143 145 129 32 20 38 100 298

Mortgage-backed securities4 1,709,545 32,651 943,801 43,162 48,466 101,164 102,618 91,560 22,760 14,266 26,912 70,689 211,495

Unamortized premiums on securities 

held outright5 147,790 2,823 81,592 3,731 4,190 8,746 8,871 7,915 1,968 1,233 2,327 6,111 18,284

Unamortized discounts on securities 

held outright5 -13,804 -264 -7,621 -349 -391 -817 -829 -739 -184 -115 -217 -571 -1,708

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

Loans 255 0 1 0 0 0 16 13 117 98 3 1 5

Net portfolio holdings of Maiden

Lane LLC7 1,719 0 1,719 0 0 0 0 0 0 0 0 0 0

Items in process of collection 194 0 0 0 0 0 194 0 0 0 0 0 0

Bank premises 2,180 109 441 75 118 196 203 197 106 95 233 219 189

Central bank liquidity swaps8 100 4 32 6 8 22 6 4 1 0 1 1 15

Foreign currency denominated

assets9 21,052 896 6,638 1,196 1,699 4,547 1,216 892 304 97 209 261 3,098

Other assets10 31,645 641 17,000 795 913 2,080 1,899 1,672 521 334 567 1,336 3,887

Interdistrict settlement account 0 - 141 + 23,993 - 6,280 + 394 + 9,357 + 27,913 - 12,559 + 1,488 - 1,284 - 7,348 + 4,424 - 39,958

Total assets 4,258,030 81,998 2,364,573 102,120 122,618 265,161 284,881 215,702 58,744 34,581 60,080 180,590 486,984

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, August 8, 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 1,802,725 58,737 605,042 53,787 87,517 125,013 260,736 115,056 53,552 30,444 47,043 148,185 217,613

Less: Notes held by F.R. Banks 178,806 6,041 46,809 6,726 9,258 14,123 27,246 12,176 5,054 3,092 5,397 16,670 26,213

Federal Reserve notes, net 1,623,919 52,696 558,233 47,060 78,259 110,890 233,490 102,879 48,498 27,352 41,646 131,515 191,399

Reverse repurchase agreements11 237,390 4,534 131,058 5,994 6,730 14,048 14,250 12,714 3,160 1,981 3,737 9,816 29,368

Deposits 2,352,204 22,958 1,660,791 46,604 34,297 131,357 34,299 98,145 6,335 4,723 14,161 38,508 260,027

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 1,966,103 22,925 1,323,804 46,601 34,231 130,854 34,264 49,910 6,330 4,683 14,133 38,350 260,019

U.S. Treasury, General Account 311,690 0 311,690 0 0 0 0 0 0 0 0 0 0

Foreign official 5,257 2 5,230 2 3 9 2 2 1 0 0 0 6

Other12 69,154 32 20,067 1 62 495 33 48,233 5 40 27 158 2

Deferred availability cash items 410 0 0 0 0 0 216 0 0 194 0 0 0

Earnings remittances due to the U.S.

Treasury13 1,253 16 699 27 41 31 99 69 22 12 17 66 154

Other liabilities and accrued

dividends 3,950 160 1,430 180 187 475 295 269 136 142 144 205 328

Total liabilities 4,219,126 80,364 2,352,211 99,865 119,513 256,801 282,648 214,076 58,152 34,404 59,705 180,110 481,277

Capital

Capital paid in 32,079 1,343 10,210 1,868 2,553 6,885 1,838 1,336 494 146 308 395 4,703

Surplus 6,825 290 2,151 388 551 1,474 394 289 98 31 68 84 1,005

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

Total liabilities and capital 4,258,030 81,998 2,364,573 102,120 122,618 265,161 284,881 215,702 58,744 34,581 60,080 180,590 486,984

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, August 8, 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 $6.825 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 Aug 8, 2018

Federal Reserve notes outstanding 1,802,725

Less: Notes held by F.R. Banks not subject to collateralization 178,806

Federal Reserve notes to be collateralized 1,623,919

Collateral held against Federal Reserve notes 1,623,919

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,607,682

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,048,879

Less: Face value of securities under reverse repurchase agreements 236,751

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,812,127

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.