FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks November 17, 2016

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Week ended

Nov 16, 2016 Nov 9, 2016 Nov 18, 2015

Wednesday

Nov 16, 2016

Reserve Bank credit 4,419,787 + 5,059 - 40,694 4,414,762

Securities held outright1 4,224,813 + 6,843 - 26,300 4,230,006

U.S. Treasury securities 2,463,701 + 72 + 2,010 2,463,722

Bills2 0 0 0 0

Notes and bonds, nominal2 2,340,674 0 - 5,965 2,340,674

Notes and bonds, inflation-indexed2 105,526 0 + 6,992 105,526

Inflation compensation3 17,501 + 72 + 983 17,522

Federal agency debt securities2 18,493 0 - 15,310 18,493

Mortgage-backed securities4 1,742,619 + 6,771 - 13,000 1,747,791

Unamortized premiums on securities held outright5 175,414 - 89 - 16,607 175,535

Unamortized discounts on securities held outright5 -15,248 + 26 + 1,538 -15,258

Repurchase agreements6 0 0 0 0

Loans 46 + 18 - 59 28

Primary credit 18 + 17 + 14 5

Secondary credit 0 0 0 0

Seasonal credit 27 0 - 74 24

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,708 0 - 5 1,708

Float -397 - 41 - 606 -446

Central bank liquidity swaps8 971 - 29 + 822 971

Other Federal Reserve assets9 32,480 - 1,669 + 523 22,216

Foreign currency denominated assets10 20,523 - 569 + 1,240 20,245

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 48,309 + 14 + 809 48,309

Total factors supplying reserve funds 4,504,860 + 4,504 - 38,645 4,499,557

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

Nov 16, 2016 Nov 9, 2016 Nov 18, 2015

Wednesday

Nov 16, 2016

Currency in circulation11 1,490,723 + 4,450 + 85,631 1,490,818

Reverse repurchase agreements12 338,045 - 32,143 + 68,753 355,349

Foreign official and international accounts 238,119 + 2,929 + 44,480 239,305

Others 99,926 - 35,072 + 24,273 116,044

Treasury cash holdings 193 + 7 - 60 182

Deposits with F.R. Banks, other than reserve balances 461,046 + 41,222 + 293,399 430,070

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 400,625 + 24,408 + 267,604 375,908

Foreign official 5,167 - 67 + 461 5,167

Other13 55,255 + 16,883 + 25,336 48,996

Other liabilities and capital14 47,086 - 1,129 - 19,999 45,553

Total factors, other than reserve balances,

absorbing reserve funds 2,337,094 + 12,409 + 427,727 2,321,972

Reserve balances with Federal Reserve Banks 2,167,766 - 7,904 - 466,371 2,177,585

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

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

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

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

the securities.

5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been

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

amortization is on an effective-interest basis.

6. Cash value of agreements.

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

8. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned

to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the

foreign central bank.

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

Bank premises and equipment net of allowances for depreciation.

10. Revalued daily at current foreign currency exchange rates.

11. Estimated.

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

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

financial market utilities. Also includes certain deposit accounts other than the U.S. Treasury, General Account, for services provided by the Reserve

Banks as fiscal agents of the United States.

14. Includes the liability for earnings remittances due to the U.S. Treasury.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.
H.4.1

1A. Memorandum Items

Millions of dollars

Averages of daily figures

Memorandum item Week ended Change from week ended

Nov 16, 2016 Nov 9, 2016 Nov 18, 2015

Wednesday

Nov 16, 2016

Securities held in custody for foreign official and international

accounts 3,119,385 + 8,009 - 188,519 3,122,008

Marketable U.S. Treasury securities1 2,799,085 + 8,100 - 188,255 2,802,625

Federal agency debt and mortgage-backed securities2 259,660 - 201 - 14,972 259,160

Other securities3 60,640 + 110 + 14,709 60,223

Securities lent to dealers 22,666 + 2,204 + 7,778 26,527

Overnight facility4 22,666 + 2,204 + 7,778 26,527

U.S. Treasury securities 22,635 + 2,199 + 7,804 26,495

Federal agency debt securities 31 + 5 - 26 32

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, November 16, 2016

Millions of dollars

Remaining Maturity Within 15

days

16 days to

90 days

91 days to

1 year

Over 1 year

to 5 years

Over 5 year

to 10 years

Over 10

years

All

Loans 28 0 0 0 0 ... 28

U.S. Treasury securities1

Holdings 10,537 22,156 159,283 1,243,286 384,699 643,762 2,463,722

Weekly changes - 3,036 - 10,535 + 11,044 + 44,712 - 50,478 + 8,362 + 68

Federal agency debt securities2

Holdings 0 3,664 8,072 4,410 0 2,347 18,493

Weekly changes 0 + 1,351 - 1,351 0 0 0 0

Mortgage-backed securities3

Holdings 0 0 0 1,579 11,130 1,735,082 1,747,791

Weekly changes 0 0 0 - 3 - 68 + 12,014 + 11,943

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

Central bank liquidity swaps5 971 0 0 0 0 0 971

Reverse repurchase agreements4 355,349 0 ... ... ... ... 355,349

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 Nov 16, 2016

Mortgage-backed securities held outright1 1,747,791

Commitments to buy mortgage-backed securities2 40,513

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 59

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 Nov 16, 2016

Net portfolio holdings of Maiden Lane LLC1 1,708

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, 2016. Any assets purchased after

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

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

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

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

table 5 and table 6.

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

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

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

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

5. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Nov 16, 2016 Nov 9, 2016 Nov 18, 2015

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,866 - 12 - 23

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,390,312 + 12,146 - 32,979

Securities held outright1 4,230,006 + 12,011 - 18,117

U.S. Treasury securities 2,463,722 + 68 + 2,046

Bills2 0 0 0

Notes and bonds, nominal2 2,340,674 0 - 5,965

Notes and bonds, inflation-indexed2 105,526 0 + 6,992

Inflation compensation3 17,522 + 68 + 1,019

Federal agency debt securities2 18,493 0 - 14,451

Mortgage-backed securities4 1,747,791 + 11,943 - 5,712

Unamortized premiums on securities held outright5 175,535 + 133 - 16,301

Unamortized discounts on securities held outright5 -15,258 + 5 + 1,514

Repurchase agreements6 0 0 0

Loans 28 - 4 - 76

Net portfolio holdings of Maiden Lane LLC7 1,708 0 - 5

Items in process of collection (0) 77 - 28 - 375

Bank premises 2,204 + 4 - 28

Central bank liquidity swaps8 971 - 29 + 821

Foreign currency denominated assets9 20,245 - 630 + 1,057

Other assets10 20,013 - 12,905 - 1,555

Total assets (0) 4,453,633 - 1,454 - 33,088

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

Nov 16, 2016 Nov 9, 2016 Nov 18, 2015

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,444,552 + 1,168 + 84,604

Reverse repurchase agreements11 355,349 - 8,000 + 41,619

Deposits (0) 2,607,655 + 6,936 - 139,709

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,177,585 - 12,497 - 434,381

U.S. Treasury, General Account 375,908 + 10,454 + 263,414

Foreign official 5,167 - 350 + 462

Other12 (0) 48,996 + 9,330 + 30,797

Deferred availability cash items (0) 523 - 120 + 102

Other liabilities and accrued dividends13 5,285 - 1,461 - 1,315

Total liabilities (0) 4,413,364 - 1,477 - 14,699

Capital accounts

Capital paid in 30,268 + 22 + 939

Surplus 10,000 0 - 19,329

Other capital accounts 0 0 0

Total capital 40,268 + 22 - 18,390

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

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

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

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

5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been

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

amortization is on an effective-interest basis.

6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

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

8. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to

the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign

central bank.

9. Revalued daily at current foreign currency exchange rates.

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

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

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

financial market utilities. Also includes certain deposit accounts other than the U.S. Treasury, General Account, for services provided by the

Reserve Banks as fiscal agents of the United States.

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

6. Statement of Condition of Each Federal Reserve Bank, November 16, 2016

Millions of dollars

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

Assets

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

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

Coin 1,866 48 70 162 130 302 182 280 29 52 121 183 309

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,390,312 107,848 2,498,366 119,206 131,482 268,307 245,726 174,933 55,409 32,375 61,106 156,277 539,278

Securities held outright1 4,230,006 103,911 2,407,157 114,854 126,682 258,511 236,750 168,544 53,386 31,186 58,871 150,566 519,588

U.S. Treasury securities 2,463,722 60,522 1,402,023 66,895 73,784 150,567 137,893 98,167 31,094 18,164 34,289 87,696 302,629

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

Notes and bonds3 2,463,722 60,522 1,402,023 66,895 73,784 150,567 137,893 98,167 31,094 18,164 34,289 87,696 302,629

Federal agency debt securities2 18,493 454 10,524 502 554 1,130 1,035 737 233 136 257 658 2,272

Mortgage-backed securities4 1,747,791 42,935 994,610 47,456 52,343 106,814 97,822 69,641 22,059 12,886 24,325 62,212 214,688

Unamortized premiums on securities 

held outright5 175,535 4,312 99,891 4,766 5,257 10,728 9,825 6,994 2,215 1,294 2,443 6,248 21,562

Unamortized discounts on securities 

held outright5 -15,258 -375 -8,683 -414 -457 -932 -854 -608 -193 -112 -212 -543 -1,874

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

Loans 28 0 0 0 0 0 5 3 0 7 5 6 2

Net portfolio holdings of Maiden

Lane LLC7 1,708 0 1,708 0 0 0 0 0 0 0 0 0 0

Items in process of collection 77 0 0 0 0 0 76 0 0 0 0 0 0

Bank premises 2,204 118 433 72 105 205 206 201 114 90 239 224 196

Central bank liquidity swaps8 971 43 320 53 74 217 54 26 10 4 10 12 148

Foreign currency denominated

assets9 20,245 895 6,681 1,114 1,542 4,515 1,124 543 208 87 202 257 3,080

Other assets10 20,013 534 10,908 549 605 1,383 1,132 799 345 175 336 780 2,465

Interdistrict settlement account 0 - 16,640 - 39,886 - 7,360 - 6,385 - 7,836 + 10,598 + 5,601 + 4,062 + 2,701 + 2,090 + 21,873 + 31,182

Total assets 4,453,633 93,397 2,484,006 114,365 128,376 268,263 261,293 183,560 60,687 35,767 64,554 180,763 578,601

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, November 16, 2016 (continued)

Millions of dollars

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

Liabilities

Federal Reserve notes outstanding 1,623,468 50,419 528,115 51,739 80,388 113,704 224,013 109,419 49,831 28,233 43,827 134,333 209,448

Less: Notes held by F.R. Banks 178,916 6,083 46,072 6,543 9,327 14,066 27,684 11,847 5,680 3,287 5,697 16,021 26,610

Federal Reserve notes, net 1,444,552 44,336 482,044 45,196 71,061 99,638 196,328 97,572 44,151 24,946 38,130 118,312 182,839

Reverse repurchase agreements11 355,349 8,729 202,218 9,649 10,642 21,717 19,889 14,159 4,485 2,620 4,946 12,649 43,649

Deposits 2,607,655 38,402 1,784,460 57,126 43,221 137,588 42,357 70,022 11,459 7,447 20,937 49,018 345,618

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 2,177,585 38,396 1,366,681 57,124 43,218 137,326 42,347 58,047 11,443 7,447 20,935 49,017 345,604

U.S. Treasury, General Account 375,908 0 375,908 0 0 0 0 0 0 0 0 0 0

Foreign official 5,167 2 5,140 2 3 9 2 1 0 0 0 1 6

Other12 48,996 5 36,731 0 0 253 7 11,974 16 0 1 1 8

Deferred availability cash items 523 0 0 0 0 0 89 0 0 434 0 0 0

Earnings remittances due to the U.S.

Treasury13 1,102 13 763 10 8 -8 65 51 15 9 16 54 105

Other liabilities and accrued

dividends 4,183 166 1,482 197 205 527 332 260 142 141 130 215 386

Total liabilities 4,413,364 91,647 2,470,967 112,178 125,137 259,462 259,060 182,064 60,251 35,596 64,158 180,248 572,597

Capital

Capital paid in 30,268 1,308 9,741 1,637 2,477 6,571 1,677 1,228 333 128 296 389 4,483

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

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

Total liabilities and capital 4,453,633 93,397 2,484,006 114,365 128,376 268,263 261,293 183,560 60,687 35,767 64,554 180,763 578,601

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, November 16, 2016 (continued)

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

2. Face value of the securities.

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

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

5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury and Federal

agency debt securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis.

6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

7. Refer to table 4 and the note on consolidation below.

8. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate

equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.

9. Revalued daily at current foreign currency exchange rates.

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

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

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

deposit accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as fiscal agents of the United States.

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

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

Note on consolidation:

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

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

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

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

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

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

and table 5).
H.4.1

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

Millions of dollars

Wednesday Federal Reserve notes and collateral Nov 16, 2016

Federal Reserve notes outstanding 1,623,468

Less: Notes held by F.R. Banks not subject to collateralization 178,916

Federal Reserve notes to be collateralized 1,444,552

Collateral held against Federal Reserve notes 1,444,552

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,428,316

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,230,006

Less: Face value of securities under reverse repurchase agreements 339,960

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,890,046

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.