FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks December 10, 2015

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 9, 2015 Dec 2, 2015 Dec 10, 2014

Wednesday

Dec 9, 2015

Reserve Bank credit 4,441,625 + 1,527 - 6,135 4,442,320

Securities held outright1 4,239,329 - 14 + 9,254 4,239,330

U.S. Treasury securities 2,461,594 - 16 + 10 2,461,589

Bills2 0 0 0 0

Notes and bonds, nominal2 2,346,639 0 - 74 2,346,639

Notes and bonds, inflation-indexed2 98,534 0 + 65 98,534

Inflation compensation3 16,421 - 16 + 18 16,416

Federal agency debt securities2 32,944 0 - 5,733 32,944

Mortgage-backed securities4 1,744,791 + 2 + 14,977 1,744,796

Unamortized premiums on securities held outright5 190,627 - 358 - 16,975 190,518

Unamortized discounts on securities held outright5 -16,686 + 31 + 1,823 -16,675

Repurchase agreements6 0 - 84 0 0

Loans 76 - 11 - 24 81

Primary credit 2 - 2 - 5 4

Secondary credit 0 0 0 0

Seasonal credit 74 - 10 - 19 77

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,716 + 1 + 35 1,715

Float 284 + 48 + 868 44

Central bank liquidity swaps8 136 0 + 134 136

Other Federal Reserve assets9 26,144 + 1,917 - 1,250 27,171

Foreign currency denominated assets10 19,504 + 312 - 1,726 19,669

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 47,467 + 14 + 1,186 47,467

Total factors supplying reserve funds 4,524,837 + 1,853 - 6,675 4,525,698

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 9, 2015 Dec 2, 2015 Dec 10, 2014

Wednesday

Dec 9, 2015

Currency in circulation11 1,410,709 - 579 + 92,327 1,412,681

Reverse repurchase agreements12 264,900 - 24,281 + 24,994 283,830

Foreign official and international accounts 190,010 - 5,132 + 97,710 195,867

Others 74,890 - 19,148 - 72,716 87,963

Treasury cash holdings 251 + 12 + 59 245

Deposits with F.R. Banks, other than reserve balances 257,857 + 20,723 - 218,049 252,215

Term deposits held by depository institutions 43,832 + 43,832 - 358,321 43,832

U.S. Treasury, General Account 186,624 - 26,132 + 126,532 175,746

Foreign official 5,257 - 156 + 38 5,429

Other13 22,145 + 3,179 + 13,702 27,208

Other liabilities and capital14 67,251 + 1,010 + 3,263 66,712

Total factors, other than reserve balances,

absorbing reserve funds 2,000,967 - 3,116 - 97,407 2,015,683

Reserve balances with Federal Reserve Banks 2,523,870 + 4,969 + 90,732 2,510,015

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.

14. Includes the liability for interest on Federal Reserve notes due to 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 9, 2015 Dec 2, 2015 Dec 10, 2014

Wednesday

Dec 9, 2015

Securities held in custody for foreign official and international

accounts 3,317,933 - 6,342 - 6,283 3,316,655

Marketable U.S. Treasury securities1 2,999,780 - 6,253 + 18,233 2,998,419

Federal agency debt and mortgage-backed securities2 272,014 - 99 - 28,578 272,070

Other securities3 46,139 + 10 + 4,063 46,166

Securities lent to dealers 12,976 - 1,160 + 1,346 14,328

Overnight facility4 12,976 - 1,160 + 1,346 14,328

U.S. Treasury securities 12,846 - 1,200 + 1,862 14,177

Federal agency debt securities 131 + 41 - 515 151

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 9, 2015

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 23 58 0 0 0 ... 81

U.S. Treasury securities1

Holdings 0 38,619 165,795 1,124,297 494,992 637,886 2,461,589

Weekly changes 0 0 - 1 - 2 - 2 - 8 - 12

Federal agency debt securities2

Holdings 0 1,626 12,825 16,146 0 2,347 32,944

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities3

Holdings 0 0 0 481 9,137 1,735,179 1,744,796

Weekly changes 0 0 0 + 100 - 27 - 65 + 7

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

Central bank liquidity swaps5 136 0 0 0 0 0 136

Reverse repurchase agreements4 283,830 0 ... ... ... ... 283,830

Term deposits 43,832 0 0 ... ... ... 43,832

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 9, 2015

Mortgage-backed securities held outright1 1,744,796

Commitments to buy mortgage-backed securities2 33,865

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 14

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 9, 2015

Net portfolio holdings of Maiden Lane LLC1 1,715

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, 2015. 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 9, 2015 Dec 2, 2015 Dec 10, 2014

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,887 + 33 + 25

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,413,253 - 887 - 5,892

Securities held outright1 4,239,330 - 4 + 9,277

U.S. Treasury securities 2,461,589 - 12 + 29

Bills2 0 0 0

Notes and bonds, nominal2 2,346,639 0 - 74

Notes and bonds, inflation-indexed2 98,534 0 + 65

Inflation compensation3 16,416 - 12 + 37

Federal agency debt securities2 32,944 0 - 5,733

Mortgage-backed securities4 1,744,796 + 7 + 14,980

Unamortized premiums on securities held outright5 190,518 - 331 - 16,955

Unamortized discounts on securities held outright5 -16,675 + 31 + 1,823

Repurchase agreements6 0 - 590 0

Loans 81 + 9 - 36

Net portfolio holdings of Maiden Lane LLC7 1,715 - 1 + 34

Items in process of collection (0) 366 - 7 + 286

Bank premises 2,229 + 2 - 34

Central bank liquidity swaps8 136 + 1 + 134

Foreign currency denominated assets9 19,669 + 472 - 1,756

Other assets10 24,942 + 2,752 - 1,228

Total assets (0) 4,480,436 + 2,367 - 8,429

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 9, 2015 Dec 2, 2015 Dec 10, 2014

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,367,342 + 740 + 89,926

Reverse repurchase agreements11 283,830 + 13,481 + 36,477

Deposits (0) 2,762,230 - 13,160 - 137,239

Term deposits held by depository institutions 43,832 + 43,832 - 358,321

Other deposits held by depository institutions 2,510,015 - 22,175 + 81,081

U.S. Treasury, General Account 175,746 - 41,521 + 126,939

Foreign official 5,429 + 208 + 177

Other12 (0) 27,208 + 6,496 + 12,885

Deferred availability cash items (0) 323 + 24 - 300

Other liabilities and accrued dividends13 8,012 + 1,267 + 1,103

Total liabilities (0) 4,421,737 + 2,353 - 10,033

Capital accounts

Capital paid in 29,350 + 7 + 802

Surplus 29,350 + 7 + 802

Other capital accounts 0 0 0

Total capital 58,700 + 15 + 1,605

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.

13. Includes the liability for interest on Federal Reserve notes due to U.S. Treasury.
H.4.1

6. Statement of Condition of Each Federal Reserve Bank, December 9, 2015

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 11,037 347 3,709 340 505 783 1,600 734 299 171 288 891 1,370

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

Coin 1,887 47 73 129 134 302 188 277 31 44 150 196 316

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,413,253 111,872 2,649,280 109,763 106,104 239,696 248,528 163,974 46,027 26,888 57,334 142,165 511,621

Securities held outright1 4,239,330 107,465 2,544,920 105,439 101,924 230,253 238,725 157,510 44,210 25,782 55,071 136,563 491,468

U.S. Treasury securities 2,461,589 62,400 1,477,722 61,224 59,182 133,698 138,617 91,459 25,671 14,970 31,977 79,296 285,373

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

Notes and bonds3 2,461,589 62,400 1,477,722 61,224 59,182 133,698 138,617 91,459 25,671 14,970 31,977 79,296 285,373

Federal agency debt securities2 32,944 835 19,777 819 792 1,789 1,855 1,224 344 200 428 1,061 3,819

Mortgage-backed securities4 1,744,796 44,230 1,047,422 43,396 41,949 94,766 98,253 64,827 18,196 10,611 22,666 56,206 202,275

Unamortized premiums on securities 

held outright5 190,518 4,830 114,370 4,738 4,580 10,348 10,728 7,079 1,987 1,159 2,475 6,137 22,087

Unamortized discounts on securities 

held outright5 -16,675 -423 -10,010 -415 -401 -906 -939 -620 -174 -101 -217 -537 -1,933

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

Loans 81 0 0 0 1 1 14 5 5 49 5 3 0

Net portfolio holdings of Maiden

Lane LLC7 1,715 0 1,715 0 0 0 0 0 0 0 0 0 0

Items in process of collection 366 0 0 0 0 0 365 0 0 1 0 0 0

Bank premises 2,229 125 436 74 106 212 207 203 118 92 239 220 197

Central bank liquidity swaps8 136 6 44 8 11 31 8 4 1 1 1 2 20

Foreign currency denominated

assets9 19,669 892 6,342 1,099 1,533 4,513 1,119 528 183 83 207 283 2,888

Other assets10 24,942 663 14,405 625 605 1,525 1,416 940 477 179 362 850 2,894

Interdistrict settlement account 0 - 7,462 - 193,605 + 5,245 + 26,577 + 45,307 + 5,627 + 23,010 + 12,336 + 6,148 + 4,083 + 16,679 + 56,056

Total assets 4,480,436 106,686 2,484,218 117,494 135,812 292,782 259,712 190,094 59,623 33,695 62,818 161,567 575,936

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 9, 2015 (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 1,548,831 49,179 499,180 49,663 83,326 107,326 218,951 103,708 51,953 26,984 40,994 124,903 192,664

Less: Notes held by F.R. Banks 181,489 5,520 67,638 5,847 8,889 11,945 21,541 10,230 4,752 2,734 4,554 13,568 24,271

Federal Reserve notes, net 1,367,342 43,659 431,542 43,817 74,437 95,382 197,410 93,478 47,202 24,250 36,440 111,335 168,393

Reverse repurchase agreements11 283,830 7,195 170,386 7,059 6,824 15,416 15,983 10,546 2,960 1,726 3,687 9,143 32,905

Deposits 2,762,230 52,977 1,859,032 63,071 49,724 167,944 42,377 84,138 8,712 7,177 21,918 39,962 365,198

Term deposits held by depository

institutions 43,832 125 16,728 4,250 6,900 29 10 5,370 20 0 2,700 0 7,700

Other deposits held by depository

institutions 2,510,015 52,848 1,641,477 58,819 42,821 167,708 42,358 71,461 8,683 7,176 19,216 39,960 357,487

U.S. Treasury, General Account 175,746 0 175,746 0 0 0 0 0 0 0 0 0 0

Foreign official 5,429 2 5,402 2 3 9 2 1 0 0 0 1 6

Other12 27,208 2 19,679 0 0 198 7 7,306 9 0 1 1 5

Deferred availability cash items 323 0 0 0 0 0 186 0 0 136 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury13 2,665 76 1,493 81 90 229 145 92 25 14 30 72 319

Other liabilities and accrued

dividends 5,347 171 2,479 218 243 647 335 258 135 140 130 183 408

Total liabilities 4,421,737 104,077 2,464,932 114,246 131,317 279,618 256,437 188,512 59,033 33,443 62,205 160,695 567,222

Capital

Capital paid in 29,350 1,304 9,643 1,624 2,248 6,582 1,638 791 295 126 307 436 4,357

Surplus 29,350 1,304 9,643 1,624 2,248 6,582 1,638 791 295 126 307 436 4,357

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

Total liabilities and capital 4,480,436 106,686 2,484,218 117,494 135,812 292,782 259,712 190,094 59,623 33,695 62,818 161,567 575,936

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 9, 2015 (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.

13. Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank’s net earnings are not sufficient to equate surplus

to capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the

Federal Reserve Bank’s earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy,

which requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends,

and the amount necessary to equate surplus with capital paid-in.

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 9, 2015

Federal Reserve notes outstanding 1,548,831

Less: Notes held by F.R. Banks not subject to collateralization 181,489

Federal Reserve notes to be collateralized 1,367,342

Collateral held against Federal Reserve notes 1,367,342

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,351,105

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,239,330

Less: Face value of securities under reverse repurchase agreements 277,402

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,961,928

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.