FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks May 5, 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

May 4, 2016 Apr 27, 2016 May 6, 2015

Wednesday

May 4, 2016

Reserve Bank credit 4,437,061 - 7,662 + 4,100 4,437,506

Securities held outright1 4,233,366 - 8,422 + 18,486 4,233,412

U.S. Treasury securities 2,461,443 + 38 + 1,317 2,461,489

Bills2 0 0 0 0

Notes and bonds, nominal2 2,342,292 0 - 4,351 2,342,292

Notes and bonds, inflation-indexed2 103,134 0 + 4,600 103,134

Inflation compensation3 16,018 + 39 + 1,069 16,063

Federal agency debt securities2 27,096 0 - 8,799 27,096

Mortgage-backed securities4 1,744,827 - 8,460 + 25,967 1,744,827

Unamortized premiums on securities held outright5 183,584 - 687 - 17,044 183,430

Unamortized discounts on securities held outright5 -16,078 + 97 + 1,714 -16,082

Repurchase agreements6 0 0 0 0

Loans 57 - 63 - 11 60

Primary credit 6 - 61 - 8 6

Secondary credit 0 0 0 0

Seasonal credit 50 - 3 - 5 53

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,714 - 7 + 26 1,714

Float -447 - 240 + 34 -231

Central bank liquidity swaps8 1,200 + 1,200 + 1,200 1,200

Other Federal Reserve assets9 33,665 + 458 - 305 34,004

Foreign currency denominated assets10 21,268 + 532 + 1,217 21,276

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 47,798 + 14 + 1,013 47,798

Total factors supplying reserve funds 4,522,368 - 7,117 + 6,329 4,522,821

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

May 4, 2016 Apr 27, 2016 May 6, 2015

Wednesday

May 4, 2016

Currency in circulation11 1,448,797 + 2,985 + 86,841 1,451,315

Reverse repurchase agreements12 289,875 + 26,847 + 39,314 276,795

Foreign official and international accounts 241,978 + 4,514 + 85,602 241,203

Others 47,896 + 22,332 - 46,289 35,592

Treasury cash holdings 145 - 10 - 84 132

Deposits with F.R. Banks, other than reserve balances 375,245 - 24,344 + 133,453 363,927

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 336,357 - 9,809 + 108,851 323,794

Foreign official 5,176 - 58 - 54 5,174

Other13 33,713 - 14,476 + 24,657 34,959

Other liabilities and capital14 47,307 + 567 - 18,793 47,283

Total factors, other than reserve balances,

absorbing reserve funds 2,161,369 + 6,043 + 240,732 2,139,452

Reserve balances with Federal Reserve Banks 2,361,000 - 13,158 - 234,402 2,383,369

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

May 4, 2016 Apr 27, 2016 May 6, 2015

Wednesday

May 4, 2016

Securities held in custody for foreign official and international

accounts 3,228,389 - 10,300 - 84,653 3,222,709

Marketable U.S. Treasury securities1 2,914,540 - 11,826 - 69,151 2,909,032

Federal agency debt and mortgage-backed securities2 264,892 + 1,065 - 19,713 264,815

Other securities3 48,958 + 462 + 4,211 48,862

Securities lent to dealers 17,987 + 227 + 6,681 19,573

Overnight facility4 17,987 + 227 + 6,681 19,573

U.S. Treasury securities 17,939 + 238 + 6,935 19,527

Federal agency debt securities 48 - 11 - 253 46

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, May 4, 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 12 48 0 0 0 ... 60

U.S. Treasury securities1

Holdings 14,021 49,618 121,298 1,164,675 479,447 632,431 2,461,489

Weekly changes - 13,350 - 6,826 + 6,867 + 8,213 + 5,125 + 47 + 76

Federal agency debt securities2

Holdings 2,000 2,604 10,663 9,482 0 2,347 27,096

Weekly changes + 2,000 - 2,000 0 0 0 0 0

Mortgage-backed securities3

Holdings 0 0 0 896 8,903 1,735,028 1,744,827

Weekly changes 0 0 0 + 42 - 30 - 11 + 1

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

Central bank liquidity swaps5 1,200 0 0 0 0 0 1,200

Reverse repurchase agreements4 276,795 0 ... ... ... ... 276,795

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 May 4, 2016

Mortgage-backed securities held outright1 1,744,827

Commitments to buy mortgage-backed securities2 33,683

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 6

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 May 4, 2016

Net portfolio holdings of Maiden Lane LLC1 1,714

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 March 31, 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

May 4, 2016 Apr 27, 2016 May 6, 2015

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,870 + 3 + 59

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,400,819 - 296 + 3,110

Securities held outright1 4,233,412 + 77 + 18,476

U.S. Treasury securities 2,461,489 + 76 + 1,307

Bills2 0 0 0

Notes and bonds, nominal2 2,342,292 0 - 4,351

Notes and bonds, inflation-indexed2 103,134 0 + 4,600

Inflation compensation3 16,063 + 76 + 1,058

Federal agency debt securities2 27,096 0 - 8,799

Mortgage-backed securities4 1,744,827 + 1 + 25,967

Unamortized premiums on securities held outright5 183,430 - 361 - 17,062

Unamortized discounts on securities held outright5 -16,082 0 + 1,698

Repurchase agreements6 0 0 0

Loans 60 - 10 - 1

Net portfolio holdings of Maiden Lane LLC7 1,714 0 + 28

Items in process of collection (0) 150 - 32 + 86

Bank premises 2,219 - 3 - 20

Central bank liquidity swaps8 1,200 + 1,200 + 1,200

Foreign currency denominated assets9 21,276 + 504 + 1,071

Other assets10 31,785 + 1,228 - 967

Total assets (0) 4,477,270 + 2,605 + 4,567

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

May 4, 2016 Apr 27, 2016 May 6, 2015

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,405,515 + 2,913 + 85,887

Reverse repurchase agreements11 276,795 + 9,682 + 41,862

Deposits (0) 2,747,295 - 10,692 - 105,083

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,383,369 + 30,112 - 226,687

U.S. Treasury, General Account 323,794 - 48,705 + 94,663

Foreign official 5,174 0 - 56

Other12 (0) 34,959 + 7,903 + 26,998

Deferred availability cash items (0) 381 - 461 - 250

Other liabilities and accrued dividends13 7,245 + 1,161 - 154

Total liabilities (0) 4,437,231 + 2,603 + 22,262

Capital accounts

Capital paid in 30,038 0 + 1,171

Surplus 10,000 0 - 18,867

Other capital accounts 0 0 0

Total capital 40,038 0 - 17,696

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, May 4, 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 1,870 53 75 130 135 297 181 279 23 55 149 185 310

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,400,819 108,108 2,504,327 119,490 131,795 268,947 246,307 175,360 55,566 32,453 61,257 156,644 540,564

Securities held outright1 4,233,412 103,995 2,409,096 114,946 126,784 258,720 236,941 168,680 53,429 31,211 58,918 150,687 520,006

U.S. Treasury securities 2,461,489 60,467 1,400,752 66,835 73,717 150,431 137,768 98,078 31,066 18,147 34,257 87,616 302,354

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

Notes and bonds3 2,461,489 60,467 1,400,752 66,835 73,717 150,431 137,768 98,078 31,066 18,147 34,257 87,616 302,354

Federal agency debt securities2 27,096 666 15,419 736 811 1,656 1,517 1,080 342 200 377 964 3,328

Mortgage-backed securities4 1,744,827 42,862 992,924 47,376 52,255 106,633 97,657 69,522 22,021 12,864 24,283 62,107 214,324

Unamortized premiums on securities 

held outright5 183,430 4,506 104,384 4,981 5,493 11,210 10,266 7,309 2,315 1,352 2,553 6,529 22,531

Unamortized discounts on securities 

held outright5 -16,082 -395 -9,152 -437 -482 -983 -900 -641 -203 -119 -224 -572 -1,975

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

Loans 60 2 0 0 0 0 1 12 25 8 10 0 2

Net portfolio holdings of Maiden

Lane LLC7 1,714 0 1,714 0 0 0 0 0 0 0 0 0 0

Items in process of collection 150 0 0 0 0 0 149 0 0 0 0 0 0

Bank premises 2,219 121 430 74 106 208 207 202 116 90 241 225 198

Central bank liquidity swaps8 1,200 53 396 66 91 268 67 32 12 5 12 15 183

Foreign currency denominated

assets9 21,276 940 7,022 1,170 1,620 4,744 1,181 570 218 91 212 270 3,236

Other assets10 31,785 820 17,594 870 960 2,119 1,804 1,282 501 267 495 1,152 3,922

Interdistrict settlement account 0 - 28,657 + 29,317 - 1,929 - 7,054 - 22,466 + 13,405 + 3,436 + 258 - 377 - 3,275 + 10,100 + 7,242

Total assets 4,477,270 81,989 2,566,281 120,440 128,476 255,289 265,496 182,338 57,204 32,868 59,541 169,748 557,599

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, May 4, 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 1,573,330 48,975 501,704 49,331 81,777 108,552 222,839 105,410 50,765 27,345 39,882 131,077 205,673

Less: Notes held by F.R. Banks 167,815 5,036 56,920 5,603 8,810 11,629 22,588 9,648 4,798 2,505 4,691 13,232 22,355

Federal Reserve notes, net 1,405,515 43,939 444,784 43,728 72,967 96,923 200,251 95,762 45,966 24,840 35,191 117,846 183,319

Reverse repurchase agreements11 276,795 6,800 157,515 7,516 8,290 16,916 15,492 11,029 3,493 2,041 3,852 9,852 34,000

Deposits 2,747,295 29,292 1,947,347 66,778 43,911 131,906 46,980 73,718 7,158 5,386 19,955 41,261 333,605

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 2,383,369 29,288 1,591,144 66,775 43,908 131,666 46,971 66,278 7,146 5,385 19,953 41,260 333,593

U.S. Treasury, General Account 323,794 0 323,794 0 0 0 0 0 0 0 0 0 0

Foreign official 5,174 2 5,147 2 3 9 2 1 0 0 0 1 6

Other12 34,959 2 27,262 0 0 231 7 7,439 11 0 1 1 5

Deferred availability cash items 381 0 0 0 0 0 95 0 0 286 0 0 0

Earnings remittances due to the U.S.

Treasury13 2,678 69 1,373 85 109 255 170 104 37 18 27 86 345

Other liabilities and accrued

dividends 4,566 143 2,141 180 185 485 299 238 132 129 119 193 323

Total liabilities 4,437,231 80,242 2,553,160 118,286 125,462 246,485 263,287 180,851 56,786 32,698 59,145 169,238 551,591

Capital

Capital paid in 30,038 1,305 9,822 1,604 2,252 6,573 1,654 1,219 315 127 296 383 4,487

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 4,477,270 81,989 2,566,281 120,440 128,476 255,289 265,496 182,338 57,204 32,868 59,541 169,748 557,599

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, May 4, 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 May 4, 2016

Federal Reserve notes outstanding 1,573,330

Less: Notes held by F.R. Banks not subject to collateralization 167,815

Federal Reserve notes to be collateralized 1,405,515

Collateral held against Federal Reserve notes 1,405,515

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,389,278

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,233,412

Less: Face value of securities under reverse repurchase agreements 258,377

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,975,036

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.