FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks November 24, 2017

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 22, 2017 Nov 15, 2017 Nov 23, 2016

Wednesday

Nov 22, 2017

Reserve Bank credit 4,409,994 - 12,738 - 12,157 4,410,770

Securities held outright1 4,239,490 - 1,844 + 2,622 4,239,896

U.S. Treasury securities 2,456,745 - 2,840 - 7,022 2,456,822

Bills2 0 0 0 0

Notes and bonds, nominal2 2,327,698 - 3,003 - 12,976 2,327,698

Notes and bonds, inflation-indexed2 109,537 0 + 4,011 109,537

Inflation compensation3 19,510 + 162 + 1,943 19,588

Federal agency debt securities2 4,729 - 2,028 - 13,764 4,391

Mortgage-backed securities4 1,778,016 + 3,025 + 23,409 1,778,683

Unamortized premiums on securities held outright5 160,884 - 168 - 14,694 160,744

Unamortized discounts on securities held outright5 -14,265 + 2 + 971 -14,251

Repurchase agreements6 9 - 28 + 9 0

Loans 67 - 1 + 38 56

Primary credit 17 - 2 + 13 10

Secondary credit 0 0 0 0

Seasonal credit 50 + 1 + 25 46

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,710 - 2 + 3 1,710

Float -322 - 90 + 56 -475

Central bank liquidity swaps8 35 0 - 166 35

Other Federal Reserve assets9 22,386 - 10,607 - 995 23,054

Foreign currency denominated assets10 21,174 + 187 + 1,161 21,231

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 49,273 + 14 + 806 49,273

Total factors supplying reserve funds 4,496,682 - 12,537 - 10,190 4,497,515

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 22, 2017 Nov 15, 2017 Nov 23, 2016

Wednesday

Nov 22, 2017

Currency in circulation11 1,594,545 + 3,299 + 103,299 1,598,883

Reverse repurchase agreements12 266,421 + 3,994 - 98,810 283,250

Foreign official and international accounts 228,371 + 4,245 - 19,196 231,616

Others 38,051 - 250 - 79,613 51,634

Treasury cash holdings 205 - 16 + 26 204

Deposits with F.R. Banks, other than reserve balances 246,552 - 23,696 - 226,046 236,937

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 163,579 - 11,052 - 236,086 151,783

Foreign official 5,166 - 92 - 15 5,165

Other13 77,806 - 12,554 + 10,054 79,989

Other liabilities and capital14 49,053 + 231 + 2,338 48,407

Total factors, other than reserve balances,

absorbing reserve funds 2,156,775 - 16,189 - 219,195 2,167,681

Reserve balances with Federal Reserve Banks 2,339,907 + 3,652 + 209,006 2,329,834

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

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

2. Face value of the securities.

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

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

the securities.

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

amortized. For U.S. Treasury securities, Federal agency debt securities, and mortgage-backed securities, amortization is on an effective-interest

basis.

6. Cash value of agreements.

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

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

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

foreign central bank.

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

Bank premises and equipment net of allowances for depreciation.

10. Revalued daily at current foreign currency exchange rates.

11. Estimated.

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

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

market utilities, and deposits held by depository institutions in joint accounts in connection with their participation in certain private-sector payment

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

as fiscal agents of the United States.

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

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

1A. Memorandum Items

Millions of dollars

Averages of daily figures

Memorandum item Week ended Change from week ended

Nov 22, 2017 Nov 15, 2017 Nov 23, 2016

Wednesday

Nov 22, 2017

Securities held in custody for foreign official and international

accounts 3,372,270 + 3,162 + 251,841 3,384,366

Marketable U.S. Treasury securities1 3,042,804 + 2,358 + 244,610 3,049,514

Federal agency debt and mortgage-backed securities2 261,994 - 261 - 69 263,345

Other securities3 67,472 + 1,065 + 7,300 71,507

Securities lent to dealers 20,956 - 241 - 748 21,806

Overnight facility4 20,956 - 241 - 748 21,806

U.S. Treasury securities 20,956 - 241 - 723 21,806

Federal agency debt securities 0 0 - 25 0

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

1. Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS. Does not include securities pledged as collateral

to foreign official and international account holders against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6.

2. Face value of federal agency securities and current face value of mortgage-backed securities, which is the remaining principal balance of the

securities.

3. Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed securities, and commercial paper at face value.

4. Face value. Fully collateralized by U.S. Treasury securities.

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, November 22, 2017

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 56 0 0 0 0 ... 56

U.S. Treasury securities1

Holdings 7,869 65,010 335,542 1,117,078 308,286 623,038 2,456,822

Weekly changes 0 + 16,568 - 16,561 + 28 + 15,446 - 15,298 + 181

Federal agency debt securities2

Holdings 0 0 1,982 62 0 2,347 4,391

Weekly changes - 2,366 0 0 0 0 0 - 2,366

Mortgage-backed securities3

Holdings 0 0 1 160 20,646 1,757,877 1,778,683

Weekly changes 0 0 0 + 27 + 31 + 2,772 + 2,829

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

Central bank liquidity swaps5 35 0 0 0 0 0 35

Reverse repurchase agreements4 283,250 0 ... ... ... ... 283,250

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 22, 2017

Mortgage-backed securities held outright1 1,778,683

Commitments to buy mortgage-backed securities2 17,136

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 30

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 22, 2017

Net portfolio holdings of Maiden Lane LLC1 1,710

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 0

Accrued interest payable to the Federal Reserve Bank of New York2 0

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 0

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an

orderly market on the measurement date. Assets are revalued quarterly.

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

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

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

table 5 and table 6.

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

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

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

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

5. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Nov 22, 2017 Nov 15, 2017 Nov 23, 2016

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,835 - 20 + 5

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,386,446 + 394 - 15,342

Securities held outright1 4,239,896 + 644 - 1,434

U.S. Treasury securities 2,456,822 + 181 - 6,979

Bills2 0 0 0

Notes and bonds, nominal2 2,327,698 0 - 12,976

Notes and bonds, inflation-indexed2 109,537 0 + 4,011

Inflation compensation3 19,588 + 182 + 1,987

Federal agency debt securities2 4,391 - 2,366 - 14,102

Mortgage-backed securities4 1,778,683 + 2,829 + 19,647

Unamortized premiums on securities held outright5 160,744 - 288 - 14,886

Unamortized discounts on securities held outright5 -14,251 + 33 + 967

Repurchase agreements6 0 0 0

Loans 56 + 5 + 9

Net portfolio holdings of Maiden Lane LLC7 1,710 0 + 10

Items in process of collection (0) 68 - 3 + 5

Bank premises 2,209 + 5 + 5

Central bank liquidity swaps8 35 0 - 166

Foreign currency denominated assets9 21,231 + 109 + 1,397

Other assets10 20,845 + 1,842 - 1,079

Total assets (0) 4,450,615 + 2,326 - 15,167

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 22, 2017 Nov 15, 2017 Nov 23, 2016

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,551,645 + 5,805 + 103,289

Reverse repurchase agreements11 283,250 + 19,801 - 91,109

Deposits (0) 2,566,771 - 24,118 - 29,481

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,329,834 - 27,972 + 226,650

U.S. Treasury, General Account 151,783 + 3,618 - 234,900

Foreign official 5,165 - 203 - 1

Other12 (0) 79,989 + 440 - 21,230

Deferred availability cash items (0) 542 + 155 + 20

Other liabilities and accrued dividends13 7,164 + 678 + 1,240

Total liabilities (0) 4,409,372 + 2,321 - 16,041

Capital accounts

Capital paid in 31,243 + 5 + 873

Surplus 10,000 0 0

Other capital accounts 0 0 0

Total capital 41,243 + 5 + 873

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

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

2. Face value of the securities.

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

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

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

amortized. For U.S. Treasury securities, Federal agency debt securities, and mortgage-backed securities, amortization is on an effective-interest

basis.

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

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

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

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

central bank.

9. Revalued daily at current foreign currency exchange rates.

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

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

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

market utilities, and deposits held by depository institutions in joint accounts in connection with their participation in certain private-sector payment

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

as fiscal agents of the United States.

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

6. Statement of Condition of Each Federal Reserve Bank, November 22, 2017

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 11,037 349 3,592 348 553 776 1,520 737 341 191 292 916 1,422

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

Coin 1,835 47 45 183 141 271 192 288 33 51 104 187 295

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,386,446 85,463 2,469,940 113,255 127,201 257,001 258,199 184,504 58,494 34,215 62,224 175,604 560,345

Securities held outright1 4,239,896 82,609 2,387,451 109,472 122,953 248,418 249,576 178,325 56,538 33,056 60,132 169,736 541,631

U.S. Treasury securities 2,456,822 47,868 1,383,417 63,434 71,246 143,947 144,618 103,331 32,761 19,155 34,843 98,354 313,850

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

Notes and bonds3 2,456,822 47,868 1,383,417 63,434 71,246 143,947 144,618 103,331 32,761 19,155 34,843 98,354 313,850

Federal agency debt securities2 4,391 86 2,473 113 127 257 258 185 59 34 62 176 561

Mortgage-backed securities4 1,778,683 34,655 1,001,562 45,925 51,580 104,214 104,700 74,809 23,718 13,868 25,226 71,206 227,220

Unamortized premiums on securities 

held outright5 160,744 3,132 90,514 4,150 4,661 9,418 9,462 6,761 2,143 1,253 2,280 6,435 20,534

Unamortized discounts on securities 

held outright5 -14,251 -278 -8,025 -368 -413 -835 -839 -599 -190 -111 -202 -571 -1,821

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

Loans 56 0 0 0 0 0 0 18 3 17 15 4 0

Net portfolio holdings of Maiden

Lane LLC7 1,710 0 1,710 0 0 0 0 0 0 0 0 0 0

Items in process of collection 68 0 0 0 0 0 67 0 0 0 0 0 0

Bank premises 2,209 116 444 72 125 197 204 205 110 88 236 219 192

Central bank liquidity swaps8 35 2 11 2 3 8 2 1 0 0 0 0 5

Foreign currency denominated

assets9 21,231 920 6,800 1,141 1,729 4,588 1,238 889 232 90 206 271 3,126

Other assets10 20,845 444 11,221 529 604 1,383 1,233 876 471 175 353 930 2,627

Interdistrict settlement account 0 - 2,792 - 24,898 + 1,858 - 3,575 + 4,052 + 2,257 + 49,499 - 1,466 + 2,986 + 7,029 + 3,242 - 38,193

Total assets 4,450,615 84,745 2,470,683 117,598 127,019 268,687 265,566 237,423 58,364 37,887 70,597 181,652 530,392

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 22, 2017 (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 1,737,209 56,601 573,616 54,549 84,335 120,190 238,321 116,654 52,322 31,183 48,115 141,548 219,776

Less: Notes held by F.R. Banks 185,564 6,460 51,683 6,724 9,338 13,941 27,520 11,590 5,379 3,072 5,347 17,157 27,352

Federal Reserve notes, net 1,551,645 50,140 521,933 47,825 74,997 106,248 210,801 105,063 46,943 28,112 42,768 124,391 192,425

Reverse repurchase agreements11 283,250 5,519 159,496 7,313 8,214 16,596 16,673 11,913 3,777 2,208 4,017 11,339 36,184

Deposits 2,566,771 27,097 1,772,850 59,873 40,174 136,279 35,143 118,311 6,982 6,756 23,227 45,100 294,980

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 2,329,834 27,090 1,595,655 59,871 40,170 135,996 35,134 58,888 6,976 6,756 23,226 45,098 294,973

U.S. Treasury, General Account 151,783 0 151,783 0 0 0 0 0 0 0 0 0 0

Foreign official 5,165 2 5,138 2 3 9 2 2 0 0 0 1 6

Other12 79,989 5 20,274 0 0 275 7 59,421 6 0 1 1 1

Deferred availability cash items 542 0 0 0 0 0 74 0 0 468 0 0 0

Earnings remittances due to the U.S.

Treasury13 1,938 48 1,033 55 63 116 140 74 22 15 32 89 252

Other liabilities and accrued

dividends 5,225 172 2,283 211 221 581 338 313 145 142 144 216 459

Total liabilities 4,409,372 82,976 2,457,594 115,278 123,669 259,820 263,169 235,674 57,868 37,701 70,189 181,135 524,300

Capital

Capital paid in 31,243 1,336 9,888 1,783 2,535 6,706 1,814 1,331 387 143 311 390 4,620

Surplus 10,000 434 3,202 538 815 2,161 583 419 109 42 97 128 1,473

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

Total liabilities and capital 4,450,615 84,745 2,470,683 117,598 127,019 268,687 265,566 237,423 58,364 37,887 70,597 181,652 530,392

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 22, 2017 (continued)

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

2. Face value of the securities.

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

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

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

agency debt securities, and mortgage-backed securities, amortization is on an effective-interest basis.

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

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

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

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

9. Revalued daily at current foreign currency exchange rates.

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

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

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

depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements. Also includes certain deposit accounts other than the U.S. Treasury,

General Account, for services provided by the Reserve Banks as fiscal agents of the United States.

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

providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $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 22, 2017

Federal Reserve notes outstanding 1,737,209

Less: Notes held by F.R. Banks not subject to collateralization 185,564

Federal Reserve notes to be collateralized 1,551,645

Collateral held against Federal Reserve notes 1,551,645

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,535,408

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,239,896

Less: Face value of securities under reverse repurchase agreements 277,876

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,962,021

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.