FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks December 3, 2015

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

Dec 2, 2015 Nov 25, 2015 Dec 3, 2014

Wednesday

Dec 2, 2015

Reserve Bank credit 4,440,098 - 11,406 - 5,900 4,440,482

Securities held outright1 4,239,343 - 10,588 + 9,222 4,239,334

U.S. Treasury securities 2,461,610 - 39 - 34 2,461,601

Bills2 0 0 0 0

Notes and bonds, nominal2 2,346,639 0 - 74 2,346,639

Notes and bonds, inflation-indexed2 98,534 0 + 65 98,534

Inflation compensation3 16,437 - 39 - 26 16,428

Federal agency debt securities2 32,944 0 - 5,733 32,944

Mortgage-backed securities4 1,744,789 - 10,549 + 14,989 1,744,789

Unamortized premiums on securities held outright5 190,985 - 692 - 16,967 190,849

Unamortized discounts on securities held outright5 -16,717 + 34 + 1,823 -16,706

Repurchase agreements6 84 + 84 + 84 590

Loans 87 - 33 - 18 72

Primary credit 4 - 25 - 4 1

Secondary credit 0 0 0 0

Seasonal credit 84 - 7 - 13 71

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,715 + 2 + 34 1,716

Float 236 - 20 + 952 75

Central bank liquidity swaps8 136 - 9 + 135 135

Other Federal Reserve assets9 24,227 - 184 - 1,167 24,417

Foreign currency denominated assets10 19,192 - 75 - 2,240 19,197

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 47,453 + 14 + 1,179 47,453

Total factors supplying reserve funds 4,522,984 - 11,467 - 6,961 4,523,374

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

Dec 2, 2015 Nov 25, 2015 Dec 3, 2014

Wednesday

Dec 2, 2015

Currency in circulation11 1,411,288 + 4,859 + 93,322 1,411,953

Reverse repurchase agreements12 289,181 - 22,465 + 25,069 270,349

Foreign official and international accounts 195,142 + 2,562 + 94,523 186,165

Others 94,038 - 25,028 - 69,455 84,184

Treasury cash holdings 239 - 4 + 50 251

Deposits with F.R. Banks, other than reserve balances 237,134 + 40,957 - 197,558 243,200

Term deposits held by depository institutions 0 0 - 334,714 0

U.S. Treasury, General Account 212,756 + 49,265 + 125,330 217,267

Foreign official 5,413 + 549 + 164 5,221

Other13 18,966 - 8,856 + 11,663 20,712

Other liabilities and capital14 66,241 - 107 + 2,699 65,430

Total factors, other than reserve balances,

absorbing reserve funds 2,004,083 + 23,240 - 76,418 1,991,184

Reserve balances with Federal Reserve Banks 2,518,901 - 34,707 + 69,457 2,532,190

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.

14. Includes the liability for interest on Federal Reserve notes due to 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

Dec 2, 2015 Nov 25, 2015 Dec 3, 2014

Wednesday

Dec 2, 2015

Securities held in custody for foreign official and international

accounts 3,324,275 + 1,883 + 2,527 3,324,806

Marketable U.S. Treasury securities1 3,006,033 + 2,740 + 27,120 3,006,631

Federal agency debt and mortgage-backed securities2 272,113 - 1,217 - 28,198 272,073

Other securities3 46,129 + 360 + 3,605 46,102

Securities lent to dealers 14,136 - 858 + 4,570 13,769

Overnight facility4 14,136 - 858 + 4,570 13,769

U.S. Treasury securities 14,046 - 869 + 5,124 13,666

Federal agency debt securities 90 + 11 - 554 103

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, December 2, 2015

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 19 53 0 0 0 ... 72

U.S. Treasury securities1

Holdings 0 38,619 165,796 1,124,299 494,994 637,894 2,461,601

Weekly changes 0 + 31,839 - 21,303 - 5,003 - 5,541 - 18 - 27

Federal agency debt securities2

Holdings 0 1,626 12,825 16,146 0 2,347 32,944

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities3

Holdings 0 0 0 381 9,164 1,735,244 1,744,789

Weekly changes 0 0 0 0 0 0 0

Repurchase agreements4 590 0 ... ... ... ... 590

Central bank liquidity swaps5 135 0 0 0 0 0 135

Reverse repurchase agreements4 270,349 0 ... ... ... ... 270,349

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 Dec 2, 2015

Mortgage-backed securities held outright1 1,744,789

Commitments to buy mortgage-backed securities2 26,769

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 24

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 Dec 2, 2015

Net portfolio holdings of Maiden Lane LLC1 1,716

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 September 30, 2015. 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

Dec 2, 2015 Nov 25, 2015 Dec 3, 2014

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,854 - 3 + 15

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,414,140 + 251 - 5,353

Securities held outright1 4,239,334 - 28 + 9,228

U.S. Treasury securities 2,461,601 - 27 - 24

Bills2 0 0 0

Notes and bonds, nominal2 2,346,639 0 - 74

Notes and bonds, inflation-indexed2 98,534 0 + 65

Inflation compensation3 16,428 - 27 - 16

Federal agency debt securities2 32,944 0 - 5,733

Mortgage-backed securities4 1,744,789 0 + 14,985

Unamortized premiums on securities held outright5 190,849 - 317 - 16,967

Unamortized discounts on securities held outright5 -16,706 + 26 + 1,823

Repurchase agreements6 590 + 590 + 590

Loans 72 - 22 - 27

Net portfolio holdings of Maiden Lane LLC7 1,716 + 1 + 35

Items in process of collection (0) 373 - 175 + 277

Bank premises 2,227 - 6 - 33

Central bank liquidity swaps8 135 - 10 + 134

Foreign currency denominated assets9 19,197 - 17 - 2,009

Other assets10 22,190 + 940 - 1,188

Total assets (0) 4,478,069 + 981 - 8,121

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

Dec 2, 2015 Nov 25, 2015 Dec 3, 2014

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,366,602 + 1,294 + 92,116

Reverse repurchase agreements11 270,349 - 21,443 + 8,468

Deposits (0) 2,775,390 + 21,503 - 111,372

Term deposits held by depository institutions 0 0 - 334,714

Other deposits held by depository institutions 2,532,190 - 42,771 + 52,736

U.S. Treasury, General Account 217,267 + 63,052 + 159,661

Foreign official 5,221 + 1 - 28

Other12 (0) 20,712 + 1,221 + 10,973

Deferred availability cash items (0) 299 - 134 - 434

Other liabilities and accrued dividends13 6,745 - 239 + 1,003

Total liabilities (0) 4,419,384 + 980 - 10,220

Capital accounts

Capital paid in 29,343 + 1 + 1,050

Surplus 29,343 + 1 + 1,050

Other capital accounts 0 0 0

Total capital 58,685 + 1 + 2,098

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.

13. Includes the liability for interest on Federal Reserve notes due to U.S. Treasury.
H.4.1

6. Statement of Condition of Each Federal Reserve Bank, December 2, 2015

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 11,037 347 3,709 340 505 783 1,600 734 299 171 288 891 1,370

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

Coin 1,854 44 74 126 128 299 183 271 30 44 150 194 312

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,414,140 111,894 2,649,819 109,785 106,125 239,744 248,579 164,004 46,037 26,887 57,346 142,194 511,725

Securities held outright1 4,239,334 107,465 2,544,923 105,439 101,924 230,253 238,726 157,510 44,210 25,782 55,071 136,563 491,468

U.S. Treasury securities 2,461,601 62,400 1,477,728 61,224 59,183 133,698 138,618 91,459 25,671 14,970 31,977 79,296 285,375

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

Notes and bonds3 2,461,601 62,400 1,477,728 61,224 59,183 133,698 138,618 91,459 25,671 14,970 31,977 79,296 285,375

Federal agency debt securities2 32,944 835 19,777 819 792 1,789 1,855 1,224 344 200 428 1,061 3,819

Mortgage-backed securities4 1,744,789 44,230 1,047,418 43,396 41,949 94,766 98,253 64,827 18,196 10,611 22,666 56,205 202,274

Unamortized premiums on securities 

held outright5 190,849 4,838 114,569 4,747 4,588 10,366 10,747 7,091 1,990 1,161 2,479 6,148 22,125

Unamortized discounts on securities 

held outright5 -16,706 -423 -10,029 -415 -402 -907 -941 -621 -174 -102 -217 -538 -1,937

Repurchase agreements6 590 15 354 15 14 32 33 22 6 4 8 19 68

Loans 72 0 1 0 0 0 14 2 5 43 5 3 0

Net portfolio holdings of Maiden

Lane LLC7 1,716 0 1,716 0 0 0 0 0 0 0 0 0 0

Items in process of collection 373 0 0 0 0 0 373 0 0 1 0 0 0

Bank premises 2,227 125 435 74 106 212 207 203 118 92 239 220 197

Central bank liquidity swaps8 135 6 44 8 11 31 8 4 1 1 1 2 20

Foreign currency denominated

assets9 19,197 867 6,244 1,068 1,490 4,386 1,088 513 178 80 201 275 2,807

Other assets10 22,190 595 12,785 556 540 1,354 1,263 840 450 162 327 736 2,582

Interdistrict settlement account 0 - 7,621 - 164,647 + 6,374 + 22,689 + 31,618 + 5,570 + 16,535 + 11,931 + 6,012 + 4,043 + 17,804 + 49,692

Total assets 4,478,069 106,454 2,511,996 118,541 131,831 278,839 259,524 183,528 59,193 33,540 62,748 162,598 569,278

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, December 2, 2015 (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 1,545,940 48,975 499,620 49,733 83,404 107,381 218,001 103,814 52,018 27,007 41,052 122,396 192,540

Less: Notes held by F.R. Banks 179,338 5,558 66,622 5,981 9,055 11,941 20,078 10,388 4,740 2,770 4,512 13,610 24,084

Federal Reserve notes, net 1,366,602 43,417 432,998 43,752 74,349 95,440 197,923 93,426 47,278 24,236 36,540 108,786 168,457

Reverse repurchase agreements11 270,349 6,853 162,294 6,724 6,500 14,684 15,224 10,045 2,819 1,644 3,512 8,709 31,342

Deposits 2,775,390 53,370 1,894,067 64,575 46,217 154,888 42,479 78,158 8,358 7,144 21,938 44,000 360,196

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 2,532,190 53,361 1,658,981 64,572 46,214 154,677 42,442 70,344 8,334 7,144 21,936 43,998 360,186

U.S. Treasury, General Account 217,267 0 217,267 0 0 0 0 0 0 0 0 0 0

Foreign official 5,221 2 5,194 2 3 9 2 1 0 0 0 1 6

Other12 20,712 7 12,625 0 0 201 35 7,813 23 0 1 1 5

Deferred availability cash items 299 0 0 0 0 0 189 0 0 110 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury13 1,719 42 1,071 34 34 64 112 66 15 15 19 55 191

Other liabilities and accrued

dividends 5,026 164 2,291 208 235 601 322 250 133 138 126 179 380

Total liabilities 4,419,384 103,846 2,492,721 115,292 127,335 265,675 256,249 181,945 58,603 33,288 62,135 161,729 560,565

Capital

Capital paid in 29,343 1,304 9,638 1,624 2,248 6,582 1,637 791 295 126 306 434 4,356

Surplus 29,343 1,304 9,638 1,624 2,248 6,582 1,637 791 295 126 306 434 4,356

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

Total liabilities and capital 4,478,069 106,454 2,511,996 118,541 131,831 278,839 259,524 183,528 59,193 33,540 62,748 162,598 569,278

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, December 2, 2015 (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.

13. Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank’s net earnings are not sufficient to equate surplus

to capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the

Federal Reserve Bank’s earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy,

which requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends,

and the amount necessary to equate surplus with capital paid-in.

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 Dec 2, 2015

Federal Reserve notes outstanding 1,545,940

Less: Notes held by F.R. Banks not subject to collateralization 179,338

Federal Reserve notes to be collateralized 1,366,602

Collateral held against Federal Reserve notes 1,366,602

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,350,365

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,239,924

Less: Face value of securities under reverse repurchase agreements 260,832

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,979,092

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.