FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks December 17, 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 16, 2015 Dec 9, 2015 Dec 17, 2014

Wednesday

Dec 16, 2015

Reserve Bank credit 4,454,480 + 12,855 - 9,381 4,451,506

Securities held outright1 4,250,200 + 10,871 + 6,397 4,247,678

U.S. Treasury securities 2,461,582 - 12 + 63 2,461,578

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 16,409 - 12 + 72 16,405

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

Mortgage-backed securities4 1,755,674 + 10,883 + 12,067 1,753,157

Unamortized premiums on securities held outright5 190,633 + 6 - 17,172 190,418

Unamortized discounts on securities held outright5 -16,655 + 31 + 1,822 -16,641

Repurchase agreements6 0 0 0 0

Loans 71 - 5 - 24 74

Primary credit 6 + 4 - 2 10

Secondary credit 0 0 0 0

Seasonal credit 65 - 9 - 23 64

Other credit extensions 0 0 0 0

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

Float -43 - 327 + 491 -33

Central bank liquidity swaps8 138 + 2 + 136 138

Other Federal Reserve assets9 28,421 + 2,277 - 1,064 28,157

Foreign currency denominated assets10 19,702 + 198 - 1,790 19,617

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 47,481 + 14 + 1,193 47,481

Total factors supplying reserve funds 4,537,904 + 13,067 - 9,978 4,534,846

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 16, 2015 Dec 9, 2015 Dec 17, 2014

Wednesday

Dec 16, 2015

Currency in circulation11 1,412,564 + 1,855 + 89,799 1,414,321

Reverse repurchase agreements12 295,102 + 30,202 + 59,808 306,718

Foreign official and international accounts 203,894 + 13,884 + 106,627 204,714

Others 91,208 + 16,318 - 46,819 102,004

Treasury cash holdings 246 - 5 + 59 250

Deposits with F.R. Banks, other than reserve balances 226,553 - 31,304 + 89,139 287,438

Term deposits held by depository institutions 0 - 43,832 0 0

U.S. Treasury, General Account 196,343 + 9,719 + 81,567 266,187

Foreign official 5,321 + 64 + 114 5,231

Other13 24,889 + 2,744 + 7,458 16,020

Other liabilities and capital14 67,877 + 626 + 2,562 66,065

Total factors, other than reserve balances,

absorbing reserve funds 2,002,342 + 1,375 + 241,367 2,074,793

Reserve balances with Federal Reserve Banks 2,535,562 + 11,692 - 251,345 2,460,053

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 16, 2015 Dec 9, 2015 Dec 17, 2014

Wednesday

Dec 16, 2015

Securities held in custody for foreign official and international

accounts 3,310,245 - 7,688 - 17,913 3,304,844

Marketable U.S. Treasury securities1 2,991,484 - 8,296 + 4,824 2,987,062

Federal agency debt and mortgage-backed securities2 272,413 + 399 - 27,210 271,358

Other securities3 46,348 + 209 + 4,473 46,423

Securities lent to dealers 14,078 + 1,102 + 2,740 14,606

Overnight facility4 14,078 + 1,102 + 2,740 14,606

U.S. Treasury securities 13,941 + 1,095 + 3,252 14,473

Federal agency debt securities 137 + 6 - 512 133

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 16, 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 24 50 0 0 0 ... 74

U.S. Treasury securities1

Holdings 0 38,619 165,795 1,124,295 494,990 637,878 2,461,578

Weekly changes 0 0 0 - 2 - 2 - 8 - 11

Federal agency debt securities2

Holdings 0 3,687 11,808 15,102 0 2,347 32,944

Weekly changes 0 + 2,061 - 1,017 - 1,044 0 0 0

Mortgage-backed securities3

Holdings 0 0 0 481 9,187 1,743,489 1,753,157

Weekly changes 0 0 0 0 + 50 + 8,310 + 8,361

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

Central bank liquidity swaps5 138 0 0 0 0 0 138

Reverse repurchase agreements4 306,718 0 ... ... ... ... 306,718

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 16, 2015

Mortgage-backed securities held outright1 1,753,157

Commitments to buy mortgage-backed securities2 23,621

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 Dec 16, 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 16, 2015 Dec 9, 2015 Dec 17, 2014

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,900 + 13 + 24

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,421,529 + 8,276 - 9,860

Securities held outright1 4,247,678 + 8,348 + 5,549

U.S. Treasury securities 2,461,578 - 11 + 83

Bills2 0 0 0

Notes and bonds, nominal2 2,346,639 0 - 73

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

Inflation compensation3 16,405 - 11 + 91

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

Mortgage-backed securities4 1,753,157 + 8,361 + 11,200

Unamortized premiums on securities held outright5 190,418 - 100 - 17,214

Unamortized discounts on securities held outright5 -16,641 + 34 + 1,822

Repurchase agreements6 0 0 0

Loans 74 - 7 - 16

Net portfolio holdings of Maiden Lane LLC7 1,716 + 1 + 38

Items in process of collection (0) 299 - 67 + 198

Bank premises 2,232 + 3 - 32

Central bank liquidity swaps8 138 + 2 + 136

Foreign currency denominated assets9 19,617 - 52 - 1,846

Other assets10 25,925 + 983 - 1,312

Total assets (0) 4,489,593 + 9,157 - 12,654

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 16, 2015 Dec 9, 2015 Dec 17, 2014

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,368,985 + 1,643 + 86,423

Reverse repurchase agreements11 306,718 + 22,888 + 76,702

Deposits (0) 2,747,491 - 14,739 - 177,985

Term deposits held by depository institutions 0 - 43,832 0

Other deposits held by depository institutions 2,460,053 - 49,962 - 279,057

U.S. Treasury, General Account 266,187 + 90,441 + 94,873

Foreign official 5,231 - 198 + 25

Other12 (0) 16,020 - 11,188 + 6,174

Deferred availability cash items (0) 333 + 10 - 302

Other liabilities and accrued dividends13 7,346 - 666 + 903

Total liabilities (0) 4,430,874 + 9,137 - 14,257

Capital accounts

Capital paid in 29,359 + 9 + 801

Surplus 29,359 + 9 + 801

Other capital accounts 0 0 0

Total capital 58,719 + 19 + 1,603

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 16, 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 1,900 47 72 132 137 304 191 278 32 47 150 196 314

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,421,529 112,082 2,654,253 109,969 106,307 240,145 248,981 164,279 46,114 26,937 57,444 142,437 512,581

Securities held outright1 4,247,678 107,677 2,549,932 105,647 102,124 230,707 239,196 157,820 44,297 25,833 55,180 136,832 492,435

U.S. Treasury securities 2,461,578 62,400 1,477,715 61,224 59,182 133,697 138,617 91,459 25,671 14,970 31,977 79,295 285,372

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

Notes and bonds3 2,461,578 62,400 1,477,715 61,224 59,182 133,697 138,617 91,459 25,671 14,970 31,977 79,295 285,372

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 1,753,157 44,442 1,052,441 43,604 42,150 95,220 98,724 65,138 18,283 10,662 22,774 56,475 203,244

Unamortized premiums on securities 

held outright5 190,418 4,827 114,310 4,736 4,578 10,342 10,723 7,075 1,986 1,158 2,474 6,134 22,075

Unamortized discounts on securities 

held outright5 -16,641 -422 -9,990 -414 -400 -904 -937 -618 -174 -101 -216 -536 -1,929

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

Loans 74 0 0 0 5 0 0 2 5 47 7 8 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 299 0 0 0 0 0 299 0 0 0 0 0 0

Bank premises 2,232 125 437 74 106 212 207 204 118 92 239 220 197

Central bank liquidity swaps8 138 6 44 8 11 32 8 4 1 1 1 2 20

Foreign currency denominated

assets9 19,617 889 6,324 1,096 1,529 4,501 1,116 527 183 82 206 283 2,880

Other assets10 25,925 690 14,979 650 628 1,562 1,460 969 482 182 377 935 3,011

Interdistrict settlement account 0 - 9,223 - 177,111 + 4,822 + 23,499 + 33,523 + 3,751 + 18,259 + 11,698 + 6,052 + 3,898 + 19,884 + 60,948

Total assets 4,489,593 105,161 2,506,242 117,301 132,959 281,474 258,267 185,677 59,077 33,653 62,757 165,129 581,895

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 16, 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 1,551,758 49,452 499,746 49,539 83,088 107,076 219,463 103,396 51,850 26,910 40,894 125,638 194,707

Less: Notes held by F.R. Banks 182,773 5,586 67,989 5,931 8,990 12,158 21,645 10,314 4,662 2,679 4,597 13,809 24,413

Federal Reserve notes, net 1,368,985 43,867 431,757 43,608 74,097 94,918 197,818 93,081 47,188 24,231 36,297 111,829 170,294

Reverse repurchase agreements11 306,718 7,775 184,127 7,629 7,374 16,659 17,272 11,396 3,199 1,865 3,984 9,880 35,558

Deposits 2,747,491 50,687 1,867,401 62,546 46,705 155,994 39,246 79,282 7,942 7,013 21,713 42,291 366,671

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 2,460,053 50,683 1,587,549 62,543 46,702 155,832 39,236 71,901 7,934 7,013 21,711 42,289 366,660

U.S. Treasury, General Account 266,187 0 266,187 0 0 0 0 0 0 0 0 0 0

Foreign official 5,231 2 5,204 2 3 9 2 1 0 0 0 1 6

Other12 16,020 2 8,462 0 0 153 7 7,380 8 0 1 2 5

Deferred availability cash items 333 0 0 0 0 0 187 0 0 146 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury13 1,870 46 1,180 43 39 80 110 67 11 10 17 62 203

Other liabilities and accrued

dividends 5,477 177 2,490 229 247 659 358 270 132 136 133 193 452

Total liabilities 4,430,874 102,552 2,486,955 114,054 128,463 268,310 254,991 184,095 58,472 33,401 62,145 164,256 573,178

Capital

Capital paid in 29,359 1,304 9,644 1,624 2,248 6,582 1,638 791 303 126 306 436 4,359

Surplus 29,359 1,304 9,644 1,624 2,248 6,582 1,638 791 303 126 306 436 4,359

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

Total liabilities and capital 4,489,593 105,161 2,506,242 117,301 132,959 281,474 258,267 185,677 59,077 33,653 62,757 165,129 581,895

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 16, 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 16, 2015

Federal Reserve notes outstanding 1,551,758

Less: Notes held by F.R. Banks not subject to collateralization 182,773

Federal Reserve notes to be collateralized 1,368,985

Collateral held against Federal Reserve notes 1,368,985

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,352,748

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,247,678

Less: Face value of securities under reverse repurchase agreements 295,694

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,951,984

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.