FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks January 19, 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

Jan 18, 2017 Jan 11, 2017 Jan 20, 2016

Wednesday

Jan 18, 2017

Reserve Bank credit 4,413,275 - 368 - 42,939 4,421,934

Securities held outright1 4,221,087 - 48 - 27,100 4,230,625

U.S. Treasury securities 2,463,517 - 47 + 2,105 2,463,504

Bills2 0 0 0 0

Notes and bonds, nominal2 2,339,990 + 887 - 6,649 2,342,206

Notes and bonds, inflation-indexed2 105,956 - 741 + 7,422 104,106

Inflation compensation3 17,571 - 193 + 1,331 17,192

Federal agency debt securities2 16,180 0 - 16,299 16,180

Mortgage-backed securities4 1,741,390 - 2 - 12,905 1,750,940

Unamortized premiums on securities held outright5 172,269 - 339 - 16,575 172,216

Unamortized discounts on securities held outright5 -15,050 + 14 + 1,438 -15,102

Repurchase agreements6 0 0 0 0

Loans 12 + 7 - 73 48

Primary credit 11 + 8 - 59 46

Secondary credit 0 0 0 0

Seasonal credit 1 - 1 - 13 2

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,705 - 1 - 12 1,705

Float -465 - 97 - 336 -654

Central bank liquidity swaps8 615 - 2,116 + 490 615

Other Federal Reserve assets9 33,102 + 2,213 - 771 32,481

Foreign currency denominated assets10 19,800 + 232 - 133 19,907

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 48,576 + 14 + 983 48,576

Total factors supplying reserve funds 4,497,892 - 122 - 42,088 4,506,657

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

Jan 18, 2017 Jan 11, 2017 Jan 20, 2016

Wednesday

Jan 18, 2017

Currency in circulation11 1,503,205 - 2,226 + 88,385 1,503,245

Reverse repurchase agreements12 356,772 - 98,080 + 48,146 382,877

Foreign official and international accounts 253,781 - 2,135 + 36,213 252,759

Others 102,991 - 95,945 + 11,933 130,118

Treasury cash holdings 184 + 7 - 96 202

Deposits with F.R. Banks, other than reserve balances 440,568 + 18,351 + 126,379 452,810

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 366,090 - 6,402 + 80,772 396,916

Foreign official 5,166 - 39 - 122 5,165

Other13 69,312 + 24,792 + 45,728 50,728

Other liabilities and capital14 48,970 + 1,810 + 1,674 48,705

Total factors, other than reserve balances,

absorbing reserve funds 2,349,698 - 80,138 + 264,487 2,387,839

Reserve balances with Federal Reserve Banks 2,148,195 + 80,017 - 306,574 2,118,818

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

Jan 18, 2017 Jan 11, 2017 Jan 20, 2016

Wednesday

Jan 18, 2017

Securities held in custody for foreign official and international

accounts 3,169,834 - 11,917 - 96,170 3,169,030

Marketable U.S. Treasury securities1 2,850,339 - 11,338 - 101,369 2,851,859

Federal agency debt and mortgage-backed securities2 260,156 - 564 - 6,848 257,572

Other securities3 59,339 - 15 + 12,047 59,599

Securities lent to dealers 19,106 + 2,027 + 6,760 17,888

Overnight facility4 19,106 + 2,027 + 6,760 17,888

U.S. Treasury securities 19,057 + 2,026 + 6,785 17,839

Federal agency debt securities 49 + 1 - 25 49

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, January 18, 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 48 0 0 0 0 ... 48

U.S. Treasury securities1

Holdings 7,356 34,350 153,341 1,233,270 405,075 630,113 2,463,504

Weekly changes + 4,253 - 6,899 + 2,576 + 955 + 2,087 - 3,014 - 44

Federal agency debt securities2

Holdings 0 4,351 7,438 2,044 0 2,347 16,180

Weekly changes 0 + 1,500 - 1,500 0 0 0 0

Mortgage-backed securities3

Holdings 0 0 0 83 10,857 1,740,000 1,750,940

Weekly changes 0 0 0 - 1 - 38 + 9,582 + 9,542

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

Central bank liquidity swaps5 615 0 0 0 0 0 615

Reverse repurchase agreements4 382,877 0 ... ... ... ... 382,877

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 Jan 18, 2017

Mortgage-backed securities held outright1 1,750,940

Commitments to buy mortgage-backed securities2 40,514

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 1

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 Jan 18, 2017

Net portfolio holdings of Maiden Lane LLC1 1,705

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

Jan 18, 2017 Jan 11, 2017 Jan 20, 2016

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,911 + 21 - 39

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,387,787 + 9,191 - 27,289

Securities held outright1 4,230,625 + 9,500 - 12,364

U.S. Treasury securities 2,463,504 - 44 + 2,108

Bills2 0 0 0

Notes and bonds, nominal2 2,342,206 + 3,103 - 4,433

Notes and bonds, inflation-indexed2 104,106 - 2,591 + 5,572

Inflation compensation3 17,192 - 556 + 969

Federal agency debt securities2 16,180 0 - 15,138

Mortgage-backed securities4 1,750,940 + 9,542 + 665

Unamortized premiums on securities held outright5 172,216 - 304 - 16,329

Unamortized discounts on securities held outright5 -15,102 - 48 + 1,375

Repurchase agreements6 0 0 0

Loans 48 + 43 + 28

Net portfolio holdings of Maiden Lane LLC7 1,705 + 1 - 12

Items in process of collection (0) 115 + 17 - 112

Bank premises 2,204 + 1 - 33

Central bank liquidity swaps8 615 - 2,011 + 490

Foreign currency denominated assets9 19,907 + 402 - 42

Other assets10 30,277 + 626 - 1,045

Total assets (0) 4,460,758 + 8,249 - 28,082

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

Jan 18, 2017 Jan 11, 2017 Jan 20, 2016

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,456,778 - 823 + 87,727

Reverse repurchase agreements11 382,877 - 32,048 + 59,903

Deposits (0) 2,571,628 + 39,557 - 178,823

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,118,818 + 7,891 - 293,260

U.S. Treasury, General Account 396,916 + 27,906 + 78,167

Foreign official 5,165 - 1 - 66

Other12 (0) 50,728 + 3,760 + 36,335

Deferred availability cash items (0) 769 + 83 + 346

Other liabilities and accrued dividends13 8,260 + 1,480 + 1,822

Total liabilities (0) 4,420,312 + 8,249 - 29,024

Capital accounts

Capital paid in 30,446 - 1 + 942

Surplus 10,000 0 0

Other capital accounts 0 0 0

Total capital 40,446 - 1 + 942

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, January 18, 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 11,037 355 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 1,911 53 74 161 135 310 193 285 31 53 114 193 308

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,387,787 107,786 2,496,918 119,137 131,405 268,151 245,584 174,869 55,377 32,350 61,067 156,180 538,963

Securities held outright1 4,230,625 103,926 2,407,509 114,871 126,700 258,549 236,785 168,569 53,394 31,191 58,879 150,588 519,664

U.S. Treasury securities 2,463,504 60,517 1,401,899 66,890 73,778 150,554 137,880 98,158 31,091 18,162 34,286 87,688 302,602

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

Notes and bonds3 2,463,504 60,517 1,401,899 66,890 73,778 150,554 137,880 98,158 31,091 18,162 34,286 87,688 302,602

Federal agency debt securities2 16,180 397 9,208 439 485 989 906 645 204 119 225 576 1,987

Mortgage-backed securities4 1,750,940 43,012 996,402 47,542 52,438 107,006 97,999 69,766 22,098 12,909 24,369 62,324 215,075

Unamortized premiums on securities 

held outright5 172,216 4,231 98,002 4,676 5,158 10,525 9,639 6,862 2,174 1,270 2,397 6,130 21,154

Unamortized discounts on securities 

held outright5 -15,102 -371 -8,594 -410 -452 -923 -845 -602 -191 -111 -210 -538 -1,855

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

Loans 48 0 0 0 0 0 6 40 0 1 1 0 0

Net portfolio holdings of Maiden

Lane LLC7 1,705 0 1,705 0 0 0 0 0 0 0 0 0 0

Items in process of collection 115 0 0 0 0 0 115 0 0 0 0 0 0

Bank premises 2,204 118 437 72 107 203 206 201 113 89 239 223 196

Central bank liquidity swaps8 615 27 203 34 47 137 34 16 6 3 6 8 94

Foreign currency denominated

assets9 19,907 880 6,570 1,095 1,516 4,439 1,105 533 204 85 199 252 3,028

Other assets10 30,277 786 16,758 827 914 2,025 1,708 1,211 464 243 479 1,138 3,724

Interdistrict settlement account 0 - 17,989 + 42,125 - 9,113 - 14,467 - 29,315 + 9,162 + 8,537 + 1,489 + 1,717 + 2,323 + 16,620 - 11,088

Total assets 4,460,758 92,211 2,570,194 112,782 120,481 247,122 260,302 186,830 58,195 34,823 64,875 175,772 537,170

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, January 18, 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 1,641,314 53,600 534,552 51,715 80,781 118,319 224,699 108,727 49,268 28,199 45,435 136,275 209,744

Less: Notes held by F.R. Banks 184,536 6,024 47,444 6,655 9,481 14,636 26,900 12,491 5,558 3,244 6,025 17,504 28,572

Federal Reserve notes, net 1,456,778 47,575 487,108 45,061 71,300 103,683 197,798 96,236 43,710 24,955 39,410 118,771 181,172

Reverse repurchase agreements11 382,877 9,405 217,883 10,396 11,467 23,399 21,429 15,256 4,832 2,823 5,329 13,628 47,030

Deposits 2,571,628 33,236 1,847,753 54,869 34,182 110,525 38,026 73,430 9,049 6,197 19,584 42,547 302,232

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 2,118,818 33,229 1,411,005 54,866 34,178 110,402 38,017 57,546 9,027 6,196 19,583 42,545 302,224

U.S. Treasury, General Account 396,916 0 396,916 0 0 0 0 0 0 0 0 0 0

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

Other12 50,728 5 34,694 0 0 114 7 15,883 22 0 1 1 2

Deferred availability cash items 769 0 0 0 0 0 239 0 0 530 0 0 0

Earnings remittances due to the U.S.

Treasury13 1,962 58 1,020 64 80 182 121 64 26 12 25 63 248

Other liabilities and accrued

dividends 6,298 175 3,384 206 212 519 360 302 143 136 132 246 483

Total liabilities 4,420,312 90,449 2,557,148 110,595 117,240 238,307 257,973 185,288 57,760 34,652 64,479 175,256 531,165

Capital

Capital paid in 30,446 1,320 9,748 1,637 2,479 6,585 1,774 1,274 333 129 296 389 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 4,460,758 92,211 2,570,194 112,782 120,481 247,122 260,302 186,830 58,195 34,823 64,875 175,772 537,170

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, January 18, 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 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 Jan 18, 2017

Federal Reserve notes outstanding 1,641,314

Less: Notes held by F.R. Banks not subject to collateralization 184,536

Federal Reserve notes to be collateralized 1,456,778

Collateral held against Federal Reserve notes 1,456,778

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,440,541

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,230,625

Less: Face value of securities under reverse repurchase agreements 369,555

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,861,069

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.