FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks November 27, 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

Nov 25, 2015 Nov 18, 2015 Nov 26, 2014

Wednesday

Nov 25, 2015

Reserve Bank credit 4,451,504 - 8,977 - 2,076 4,439,346

Securities held outright1 4,249,931 - 1,182 + 12,758 4,239,362

U.S. Treasury securities 2,461,649 - 42 + 14 2,461,628

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 16,476 - 42 + 23 16,455

Federal agency debt securities2 32,944 - 859 - 5,733 32,944

Mortgage-backed securities4 1,755,338 - 281 + 18,477 1,744,789

Unamortized premiums on securities held outright5 191,677 - 344 - 16,846 191,166

Unamortized discounts on securities held outright5 -16,751 + 35 + 1,823 -16,732

Repurchase agreements6 0 0 0 0

Loans 120 + 15 - 1 94

Primary credit 29 + 25 + 19 3

Secondary credit 0 0 0 0

Seasonal credit 91 - 10 - 20 91

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,713 0 + 32 1,715

Float 256 + 47 + 823 114

Central bank liquidity swaps8 145 - 4 + 144 145

Other Federal Reserve assets9 24,411 - 7,546 - 812 23,483

Foreign currency denominated assets10 19,267 - 16 - 2,216 19,214

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 47,439 + 14 + 1,173 47,439

Total factors supplying reserve funds 4,534,451 - 8,979 - 3,119 4,522,241

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 25, 2015 Nov 18, 2015 Nov 26, 2014

Wednesday

Nov 25, 2015

Currency in circulation11 1,406,429 + 1,411 + 93,312 1,410,657

Reverse repurchase agreements12 311,646 + 42,354 + 56,823 291,792

Foreign official and international accounts 192,580 - 1,059 + 91,895 191,640

Others 119,066 + 43,413 - 35,072 100,152

Treasury cash holdings 243 - 10 + 58 237

Deposits with F.R. Banks, other than reserve balances 196,177 + 28,530 - 222,673 178,926

Term deposits held by depository institutions 0 0 - 318,691 0

U.S. Treasury, General Account 163,491 + 30,470 + 83,722 154,215

Foreign official 4,864 + 158 - 390 5,220

Other13 27,822 - 2,097 + 12,686 19,491

Other liabilities and capital14 66,348 - 737 + 2,327 65,668

Total factors, other than reserve balances,

absorbing reserve funds 1,980,843 + 71,550 - 70,153 1,947,280

Reserve balances with Federal Reserve Banks 2,553,608 - 80,529 + 67,034 2,574,961

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

Nov 25, 2015 Nov 18, 2015 Nov 26, 2014

Wednesday

Nov 25, 2015

Securities held in custody for foreign official and international

accounts 3,322,392 + 14,488 + 8,449 3,319,199

Marketable U.S. Treasury securities1 3,003,293 + 15,953 + 31,012 3,000,573

Federal agency debt and mortgage-backed securities2 273,330 - 1,302 - 26,296 272,470

Other securities3 45,769 - 162 + 3,733 46,156

Securities lent to dealers 14,994 + 106 + 5,349 15,159

Overnight facility4 14,994 + 106 + 5,349 15,159

U.S. Treasury securities 14,915 + 84 + 5,990 15,062

Federal agency debt securities 79 + 22 - 641 97

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 25, 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 89 5 0 0 0 ... 94

U.S. Treasury securities1

Holdings 0 6,780 187,099 1,129,302 500,535 637,912 2,461,628

Weekly changes 0 0 - 2 - 8 - 7 - 31 - 48

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 0 381 9,164 1,735,244 1,744,789

Weekly changes 0 0 0 - 12 - 182 - 8,520 - 8,714

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

Central bank liquidity swaps5 145 0 0 0 0 0 145

Reverse repurchase agreements4 291,792 0 ... ... ... ... 291,792

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 25, 2015

Mortgage-backed securities held outright1 1,744,789

Commitments to buy mortgage-backed securities2 22,631

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 55

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 25, 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

Nov 25, 2015 Nov 18, 2015 Nov 26, 2014

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,857 - 32 + 16

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,413,889 - 9,402 - 5,912

Securities held outright1 4,239,362 - 8,761 + 9,250

U.S. Treasury securities 2,461,628 - 48 - 17

Bills2 0 0 0

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

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

Inflation compensation3 16,455 - 48 - 8

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

Mortgage-backed securities4 1,744,789 - 8,714 + 14,999

Unamortized premiums on securities held outright5 191,166 - 670 - 16,967

Unamortized discounts on securities held outright5 -16,732 + 40 + 1,823

Repurchase agreements6 0 0 0

Loans 94 - 10 - 17

Net portfolio holdings of Maiden Lane LLC7 1,715 + 2 + 34

Items in process of collection (0) 548 + 96 + 460

Bank premises 2,233 + 1 - 32

Central bank liquidity swaps8 145 - 5 + 144

Foreign currency denominated assets9 19,214 + 26 - 2,354

Other assets10 21,250 - 318 - 1,199

Total assets (0) 4,477,088 - 9,633 - 8,843

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 25, 2015 Nov 18, 2015 Nov 26, 2014

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,365,308 + 5,360 + 92,114

Reverse repurchase agreements11 291,792 - 21,938 + 40,319

Deposits (0) 2,753,887 + 6,523 - 143,497

Term deposits held by depository institutions 0 0 - 334,714

Other deposits held by depository institutions 2,574,961 - 37,005 + 95,666

U.S. Treasury, General Account 154,215 + 41,721 + 82,314

Foreign official 5,220 + 515 - 30

Other12 (0) 19,491 + 1,292 + 13,267

Deferred availability cash items (0) 433 + 12 - 302

Other liabilities and accrued dividends13 6,984 + 384 + 423

Total liabilities (0) 4,418,404 - 9,659 - 10,942

Capital accounts

Capital paid in 29,342 + 13 + 1,050

Surplus 29,342 + 13 + 1,050

Other capital accounts 0 0 0

Total capital 58,684 + 26 + 2,099

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, November 25, 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 1,857 46 73 126 127 297 184 272 30 42 150 193 316

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,413,889 111,888 2,649,654 109,778 106,118 239,729 248,569 164,000 46,034 26,896 57,343 142,187 511,693

Securities held outright1 4,239,362 107,466 2,544,940 105,440 101,924 230,255 238,727 157,511 44,210 25,782 55,072 136,564 491,471

U.S. Treasury securities 2,461,628 62,401 1,477,745 61,225 59,183 133,700 138,619 91,460 25,671 14,971 31,978 79,297 285,378

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

Notes and bonds3 2,461,628 62,401 1,477,745 61,225 59,183 133,700 138,619 91,460 25,671 14,971 31,978 79,297 285,378

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 1,744,789 44,230 1,047,418 43,396 41,949 94,766 98,253 64,827 18,196 10,611 22,666 56,205 202,274

Unamortized premiums on securities 

held outright5 191,166 4,846 114,759 4,755 4,596 10,383 10,765 7,103 1,994 1,163 2,483 6,158 22,162

Unamortized discounts on securities 

held outright5 -16,732 -424 -10,045 -416 -402 -909 -942 -622 -174 -102 -217 -539 -1,940

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

Loans 94 0 0 0 0 0 19 8 5 53 5 4 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 548 0 0 0 0 0 545 0 0 2 0 0 0

Bank premises 2,233 125 438 75 106 212 207 204 119 92 238 220 197

Central bank liquidity swaps8 145 7 47 8 11 33 8 4 1 1 2 2 21

Foreign currency denominated

assets9 19,214 871 6,195 1,073 1,498 4,409 1,093 516 179 81 202 277 2,821

Other assets10 21,250 569 12,183 532 513 1,293 1,195 801 425 151 312 813 2,463

Interdistrict settlement account 0 - 14,737 - 153,631 + 7,397 + 25,308 + 40,062 + 3,101 + 23,163 + 12,117 + 6,682 + 3,539 + 14,885 + 32,114

Total assets 4,477,088 99,312 2,522,201 119,539 134,424 287,230 257,158 190,118 59,354 34,207 62,226 159,749 551,570

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 25, 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 1,543,165 48,826 499,502 49,723 83,444 107,420 217,670 103,881 52,065 26,972 41,032 120,851 191,778

Less: Notes held by F.R. Banks 177,857 5,597 65,400 5,989 8,859 12,006 20,534 10,132 4,732 2,708 4,306 13,376 24,216

Federal Reserve notes, net 1,365,308 43,229 434,101 43,734 74,585 95,414 197,136 93,748 47,333 24,264 36,727 107,474 167,562

Reverse repurchase agreements11 291,792 7,397 175,166 7,257 7,015 15,848 16,431 10,841 3,043 1,775 3,791 9,400 33,828

Deposits 2,753,887 45,857 1,890,251 65,048 48,048 162,075 39,607 83,622 8,247 7,569 20,948 41,764 340,851

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 2,574,961 45,849 1,719,920 65,046 48,045 161,846 39,569 75,344 8,224 7,569 20,946 41,761 340,840

U.S. Treasury, General Account 154,215 0 154,215 0 0 0 0 0 0 0 0 0 0

Foreign official 5,220 2 5,193 2 3 9 2 1 0 0 0 1 6

Other12 19,491 6 10,922 0 0 220 35 8,277 23 0 1 2 5

Deferred availability cash items 433 0 0 0 0 0 240 0 0 193 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury13 1,887 48 1,131 39 44 99 132 62 18 10 23 61 220

Other liabilities and accrued

dividends 5,097 173 2,277 212 236 630 337 262 122 144 126 181 397

Total liabilities 4,418,404 96,704 2,502,926 116,290 129,929 274,066 253,883 188,536 58,763 33,955 61,614 158,880 542,857

Capital

Capital paid in 29,342 1,304 9,637 1,624 2,248 6,582 1,638 791 295 126 306 434 4,356

Surplus 29,342 1,304 9,637 1,624 2,248 6,582 1,638 791 295 126 306 434 4,356

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

Total liabilities and capital 4,477,088 99,312 2,522,201 119,539 134,424 287,230 257,158 190,118 59,354 34,207 62,226 159,749 551,570

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 25, 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 Nov 25, 2015

Federal Reserve notes outstanding 1,543,165

Less: Notes held by F.R. Banks not subject to collateralization 177,857

Federal Reserve notes to be collateralized 1,365,308

Collateral held against Federal Reserve notes 1,365,308

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,349,071

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,239,362

Less: Face value of securities under reverse repurchase agreements 276,288

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,963,074

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.