FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks December 22, 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

Dec 21, 2016 Dec 14, 2016 Dec 23, 2015

Wednesday

Dec 21, 2016

Reserve Bank credit 4,423,566 + 6,195 - 37,222 4,431,175

Securities held outright1 4,230,898 + 2,580 - 23,860 4,238,227

U.S. Treasury securities 2,463,553 + 35 + 1,983 2,463,566

Bills2 0 0 0 0

Notes and bonds, nominal2 2,339,103 0 - 7,536 2,339,103

Notes and bonds, inflation-indexed2 106,697 0 + 8,163 106,697

Inflation compensation3 17,753 + 35 + 1,356 17,766

Federal agency debt securities2 16,361 - 2,132 - 16,583 16,180

Mortgage-backed securities4 1,750,983 + 4,676 - 9,260 1,758,481

Unamortized premiums on securities held outright5 173,945 - 409 - 16,526 173,967

Unamortized discounts on securities held outright5 -15,140 + 36 + 1,481 -15,127

Repurchase agreements6 0 0 0 0

Loans 35 + 5 - 64 42

Primary credit 7 + 1 - 24 13

Secondary credit 0 0 0 0

Seasonal credit 28 + 4 - 40 28

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,707 0 - 9 1,707

Float -392 - 31 - 328 -410

Central bank liquidity swaps8 4,743 + 3,267 + 3,817 4,743

Other Federal Reserve assets9 27,770 + 747 - 1,734 28,027

Foreign currency denominated assets10 19,329 - 361 - 255 19,318

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 48,503 + 14 + 945 48,503

Total factors supplying reserve funds 4,507,639 + 5,848 - 36,533 4,515,237

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

1. Factors Affecting Reserve Balances of Depository Institutions (continued)

Millions of dollars

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Week ended

Dec 21, 2016 Dec 14, 2016 Dec 23, 2015

Wednesday

Dec 21, 2016

Currency in circulation11 1,499,298 + 1,834 + 82,618 1,502,971

Reverse repurchase agreements12 492,772 + 57,401 + 133,868 560,172

Foreign official and international accounts 255,182 + 11,391 + 47,584 252,695

Others 237,590 + 46,010 + 86,283 307,477

Treasury cash holdings 159 - 1 - 92 164

Deposits with F.R. Banks, other than reserve balances 445,707 + 63,020 + 153,004 442,839

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 388,497 + 63,972 + 120,889 387,014

Foreign official 5,199 - 14 - 32 5,181

Other13 52,012 - 937 + 32,149 50,643

Other liabilities and capital14 46,694 - 1,119 - 20,366 46,335

Total factors, other than reserve balances,

absorbing reserve funds 2,484,630 + 121,135 + 349,031 2,552,481

Reserve balances with Federal Reserve Banks 2,023,009 - 115,287 - 385,564 1,962,755

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

Dec 21, 2016 Dec 14, 2016 Dec 23, 2015

Wednesday

Dec 21, 2016

Securities held in custody for foreign official and international

accounts 3,171,854 + 19,069 - 137,812 3,173,299

Marketable U.S. Treasury securities1 2,849,686 + 22,258 - 142,573 2,852,468

Federal agency debt and mortgage-backed securities2 262,770 - 2,676 - 8,054 261,458

Other securities3 59,398 - 513 + 12,814 59,374

Securities lent to dealers 21,672 - 2,371 + 6,743 18,828

Overnight facility4 21,672 - 2,371 + 6,743 18,828

U.S. Treasury securities 21,650 - 2,369 + 6,843 18,817

Federal agency debt securities 22 - 3 - 101 11

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

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

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

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

securities.

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

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

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, December 21, 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 42 0 0 0 0 ... 42

U.S. Treasury securities1

Holdings 11,702 30,794 146,821 1,241,843 399,268 633,138 2,463,566

Weekly changes + 11,702 - 11,701 0 + 6 + 7 + 21 + 35

Federal agency debt securities2

Holdings 0 2,851 8,938 2,044 0 2,347 16,180

Weekly changes - 2,313 0 0 0 0 0 - 2,313

Mortgage-backed securities3

Holdings 0 0 0 78 10,845 1,747,559 1,758,481

Weekly changes 0 0 0 + 2 - 17 - 1,919 - 1,934

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

Central bank liquidity swaps5 4,743 0 0 0 0 0 4,743

Reverse repurchase agreements4 560,172 0 ... ... ... ... 560,172

Term deposits 0 0 0 ... ... ... 0

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

...Not applicable.

1. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the

original face value of such securities.

2. Face value.

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

4. Cash value of agreements.

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

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

central bank.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Wednesday Account name Dec 21, 2016

Mortgage-backed securities held outright1 1,758,481

Commitments to buy mortgage-backed securities2 32,037

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 0

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

2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls, and coupon swaps.

3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5 and table 6.

4. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Wednesday Account name Dec 21, 2016

Net portfolio holdings of Maiden Lane LLC1 1,707

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

Dec 21, 2016 Dec 14, 2016 Dec 23, 2015

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,872 + 2 - 25

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,397,108 - 4,694 - 28,847

Securities held outright1 4,238,227 - 4,213 - 14,040

U.S. Treasury securities 2,463,566 + 35 + 2,000

Bills2 0 0 0

Notes and bonds, nominal2 2,339,103 0 - 7,536

Notes and bonds, inflation-indexed2 106,697 0 + 8,163

Inflation compensation3 17,766 + 35 + 1,373

Federal agency debt securities2 16,180 - 2,313 - 16,764

Mortgage-backed securities4 1,758,481 - 1,934 + 724

Unamortized premiums on securities held outright5 173,967 - 511 - 16,257

Unamortized discounts on securities held outright5 -15,127 + 38 + 1,482

Repurchase agreements6 0 0 0

Loans 42 - 8 - 31

Net portfolio holdings of Maiden Lane LLC7 1,707 - 1 - 8

Items in process of collection (0) 66 - 8 - 127

Bank premises 2,204 + 4 - 30

Central bank liquidity swaps8 4,743 + 3,267 + 3,817

Foreign currency denominated assets9 19,318 - 441 - 291

Other assets10 25,834 - 14 - 1,923

Total assets (0) 4,469,089 - 1,884 - 27,434

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Dec 21, 2016 Dec 14, 2016 Dec 23, 2015

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,456,501 + 4,401 + 80,148

Reverse repurchase agreements11 560,172 + 131,291 + 170,586

Deposits (0) 2,405,606 - 136,999 - 258,708

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 1,962,767 - 160,788 - 408,312

U.S. Treasury, General Account 387,014 + 61,743 + 120,883

Foreign official 5,181 + 2 - 49

Other12 (0) 50,643 - 37,956 + 28,769

Deferred availability cash items (0) 475 - 151 - 7

Other liabilities and accrued dividends13 5,893 - 450 - 1,176

Total liabilities (0) 4,428,647 - 1,908 - 9,157

Capital accounts

Capital paid in 30,442 + 24 + 1,082

Surplus 10,000 0 - 19,360

Other capital accounts 0 0 0

Total capital 40,442 + 24 - 18,278

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, December 21, 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 1,872 45 67 161 137 306 188 277 28 51 113 188 311

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,397,108 108,015 2,502,226 119,392 131,685 268,721 246,100 175,219 55,497 32,426 61,205 156,512 540,110

Securities held outright1 4,238,227 104,113 2,411,836 115,077 126,928 259,014 237,210 168,872 53,490 31,247 58,985 150,859 520,598

U.S. Treasury securities 2,463,566 60,518 1,401,935 66,891 73,780 150,558 137,884 98,161 31,092 18,163 34,286 87,690 302,609

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

Notes and bonds3 2,463,566 60,518 1,401,935 66,891 73,780 150,558 137,884 98,161 31,092 18,163 34,286 87,690 302,609

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

Mortgage-backed securities4 1,758,481 43,198 1,000,694 47,747 52,664 107,467 98,421 70,066 22,193 12,965 24,473 62,593 216,001

Unamortized premiums on securities 

held outright5 173,967 4,274 98,999 4,724 5,210 10,632 9,737 6,932 2,196 1,283 2,421 6,192 21,369

Unamortized discounts on securities 

held outright5 -15,127 -372 -8,609 -411 -453 -924 -847 -603 -191 -112 -211 -538 -1,858

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

Loans 42 0 0 2 0 0 0 18 2 8 9 0 1

Net portfolio holdings of Maiden

Lane LLC7 1,707 0 1,707 0 0 0 0 0 0 0 0 0 0

Items in process of collection 66 0 0 0 0 0 65 0 0 0 0 0 0

Bank premises 2,204 118 434 72 106 204 207 201 114 90 239 223 196

Central bank liquidity swaps8 4,743 210 1,565 261 361 1,058 263 127 49 20 47 60 722

Foreign currency denominated

assets9 19,318 854 6,375 1,063 1,471 4,308 1,072 518 198 83 193 245 2,939

Other assets10 25,834 667 14,136 703 770 1,731 1,466 1,028 525 210 405 1,030 3,163

Interdistrict settlement account 0 - 24,554 - 42,360 - 6,571 - 2,591 - 10,435 + 21,678 + 16,371 + 3,463 + 3,514 + 3,953 + 20,143 + 17,389

Total assets 4,469,089 85,905 2,489,556 115,651 132,763 267,065 273,236 194,917 60,382 36,677 66,604 179,559 566,773

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

6. Statement of Condition of Each Federal Reserve Bank, December 21, 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 1,640,466 52,778 535,560 51,994 80,374 117,541 224,934 109,081 49,585 28,349 44,431 135,968 209,871

Less: Notes held by F.R. Banks 183,966 5,914 52,428 6,702 9,031 13,519 25,931 11,508 5,451 3,112 5,865 16,911 27,596

Federal Reserve notes, net 1,456,501 46,864 483,133 45,292 71,343 104,022 199,004 97,574 44,134 25,237 38,566 119,057 182,275

Reverse repurchase agreements11 560,172 13,761 318,776 15,210 16,776 34,234 31,352 22,320 7,070 4,130 7,796 19,939 68,808

Deposits 2,405,606 23,341 1,671,782 52,743 41,177 119,419 40,088 73,183 8,592 6,590 19,703 39,790 309,200

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 1,962,767 23,335 1,244,888 52,741 41,173 119,230 40,079 57,482 8,572 6,590 19,701 39,788 309,187

U.S. Treasury, General Account 387,014 0 387,014 0 0 0 0 0 0 0 0 0 0

Foreign official 5,181 2 5,154 2 3 9 2 1 0 0 0 1 6

Other12 50,643 3 34,725 0 0 180 7 15,700 19 0 1 1 7

Deferred availability cash items 475 0 0 0 0 0 70 0 0 405 0 0 0

Earnings remittances due to the U.S.

Treasury13 864 19 562 11 14 24 55 32 14 8 15 43 67

Other liabilities and accrued

dividends 5,029 159 2,257 208 211 557 335 267 137 135 128 215 419

Total liabilities 4,428,647 84,143 2,476,509 113,464 129,522 258,256 270,905 193,376 59,947 36,506 66,208 179,043 560,769

Capital

Capital paid in 30,442 1,320 9,748 1,637 2,480 6,579 1,776 1,273 333 129 296 389 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 4,469,089 85,905 2,489,556 115,651 132,763 267,065 273,236 194,917 60,382 36,677 66,604 179,559 566,773

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

6. Statement of Condition of Each Federal Reserve Bank, December 21, 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 Dec 21, 2016

Federal Reserve notes outstanding 1,640,466

Less: Notes held by F.R. Banks not subject to collateralization 183,966

Federal Reserve notes to be collateralized 1,456,501

Collateral held against Federal Reserve notes 1,456,501

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,440,264

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,238,227

Less: Face value of securities under reverse repurchase agreements 539,752

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,698,475

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.