FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks June 7, 2018

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

Jun 6, 2018 May 30, 2018 Jun 7, 2017

Wednesday

Jun 6, 2018

Reserve Bank credit 4,278,593 - 10,164 - 143,681 4,279,553

Securities held outright1 4,116,809 - 10,621 - 127,734 4,116,856

U.S. Treasury securities 2,377,826 - 9,256 - 86,925 2,377,872

Bills2 0 0 0 0

Notes and bonds, nominal2 2,242,161 - 11,281 - 96,055 2,242,161

Notes and bonds, inflation-indexed2 114,860 + 1,911 + 6,734 114,860

Inflation compensation3 20,805 + 114 + 2,397 20,851

Federal agency debt securities2 4,391 0 - 4,443 4,391

Mortgage-backed securities4 1,734,592 - 1,366 - 36,366 1,734,593

Unamortized premiums on securities held outright5 151,123 - 287 - 15,784 151,027

Unamortized discounts on securities held outright5 -14,016 - 111 + 822 -14,006

Repurchase agreements6 0 0 0 0

Loans 107 + 7 + 42 119

Primary credit 17 - 2 + 14 16

Secondary credit 0 0 0 0

Seasonal credit 90 + 8 + 28 103

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,712 - 1 + 3 1,713

Float -288 + 21 + 44 -231

Central bank liquidity swaps8 71 + 8 + 31 70

Other Federal Reserve assets9 23,074 + 821 - 1,104 24,003

Foreign currency denominated assets10 21,288 + 26 + 521 21,327

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 49,643 + 14 + 713 49,643

Total factors supplying reserve funds 4,365,765 - 10,124 - 142,447 4,366,764

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

Jun 6, 2018 May 30, 2018 Jun 7, 2017

Wednesday

Jun 6, 2018

Currency in circulation11 1,661,231 + 1,704 + 105,636 1,662,415

Reverse repurchase agreements12 258,915 + 14,676 - 140,743 260,593

Foreign official and international accounts 245,531 + 2,935 + 12,378 243,821

Others 13,384 + 11,741 - 153,121 16,772

Treasury cash holdings 243 - 10 + 13 235

Deposits with F.R. Banks, other than reserve balances 369,959 - 37,036 + 138,001 365,880

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 294,069 - 31,282 + 141,625 289,454

Foreign official 5,272 + 17 + 46 5,260

Other13 70,618 - 5,772 - 3,670 71,166

Other liabilities and capital14 45,837 + 644 - 2,626 45,676

Total factors, other than reserve balances,

absorbing reserve funds 2,336,186 - 20,022 + 100,282 2,334,799

Reserve balances with Federal Reserve Banks 2,029,579 + 9,898 - 242,729 2,031,965

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

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

2. Face value of the securities.

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

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

the securities.

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

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

basis.

6. Cash value of agreements.

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

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

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

foreign central bank.

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

Bank premises and equipment net of allowances for depreciation.

10. Revalued daily at current foreign currency exchange rates.

11. Estimated.

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

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

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

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

as fiscal agents of the United States.

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

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

1A. Memorandum Items

Millions of dollars

Averages of daily figures

Memorandum item Week ended Change from week ended

Jun 6, 2018 May 30, 2018 Jun 7, 2017

Wednesday

Jun 6, 2018

Securities held in custody for foreign official and international

accounts 3,398,296 + 3,864 + 139,793 3,400,135

Marketable U.S. Treasury securities1 3,035,062 + 2,626 + 100,796 3,037,191

Federal agency debt and mortgage-backed securities2 287,986 + 1,388 + 25,093 287,986

Other securities3 75,247 - 151 + 13,903 74,958

Securities lent to dealers 21,171 + 61 - 4,041 22,788

Overnight facility4 21,171 + 61 - 4,041 22,788

U.S. Treasury securities 21,171 + 61 - 4,031 22,788

Federal agency debt securities 0 0 - 9 0

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

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

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

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

securities.

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

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

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, June 6, 2018

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 47 72 0 0 0 ... 119

U.S. Treasury securities1

Holdings 0 105,885 305,415 1,051,115 296,172 619,284 2,377,872

Weekly changes - 28,479 + 20,933 - 874 - 8,054 + 7,186 + 56 - 9,231

Federal agency debt securities2

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

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities3

Holdings 0 0 0 143 40,015 1,694,435 1,734,593

Weekly changes 0 0 0 + 3 + 877 - 874 + 5

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

Central bank liquidity swaps5 70 0 0 0 0 0 70

Reverse repurchase agreements4 260,593 0 ... ... ... ... 260,593

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 Jun 6, 2018

Mortgage-backed securities held outright1 1,734,593

Commitments to buy mortgage-backed securities2 11,621

Commitments to sell mortgage-backed securities2 120

Cash and cash equivalents3 3

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 Jun 6, 2018

Net portfolio holdings of Maiden Lane LLC1 1,713

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

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

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

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

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

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

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

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

table 5 and table 6.

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

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

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

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

5. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Jun 6, 2018 May 30, 2018 Jun 7, 2017

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,765 - 10 - 44

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,253,997 - 9,601 - 142,641

Securities held outright1 4,116,856 - 9,225 - 127,719

U.S. Treasury securities 2,377,872 - 9,231 - 86,911

Bills2 0 0 0

Notes and bonds, nominal2 2,242,161 - 11,281 - 96,055

Notes and bonds, inflation-indexed2 114,860 + 1,911 + 6,734

Inflation compensation3 20,851 + 140 + 2,411

Federal agency debt securities2 4,391 0 - 4,443

Mortgage-backed securities4 1,734,593 + 5 - 36,365

Unamortized premiums on securities held outright5 151,027 - 262 - 15,795

Unamortized discounts on securities held outright5 -14,006 - 110 + 821

Repurchase agreements6 0 0 0

Loans 119 - 4 + 50

Net portfolio holdings of Maiden Lane LLC7 1,713 + 1 + 4

Items in process of collection (0) 79 - 8 - 5

Bank premises 2,187 - 6 - 8

Central bank liquidity swaps8 70 + 7 + 30

Foreign currency denominated assets9 21,327 + 47 + 533

Other assets10 21,816 + 1,242 - 1,119

Total assets (0) 4,319,191 - 8,328 - 143,252

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

Jun 6, 2018 May 30, 2018 Jun 7, 2017

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,614,767 + 1,088 + 105,312

Reverse repurchase agreements11 260,593 + 15,039 - 139,136

Deposits (0) 2,397,845 - 24,408 - 106,624

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,031,965 + 26,078 - 238,881

U.S. Treasury, General Account 289,454 - 43,258 + 134,694

Foreign official 5,260 + 5 - 101

Other12 (0) 71,166 - 7,232 - 2,337

Deferred availability cash items (0) 310 - 790 - 287

Other liabilities and accrued dividends13 6,209 + 737 - 1,176

Total liabilities (0) 4,279,725 - 8,332 - 141,910

Capital accounts

Capital paid in 31,967 + 5 + 1,159

Surplus 7,500 0 - 2,500

Other capital accounts 0 0 0

Total capital 39,467 + 5 - 1,341

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

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

2. Face value of the securities.

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

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

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

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

basis.

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

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

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

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

central bank.

9. Revalued daily at current foreign currency exchange rates.

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

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

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

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

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

as fiscal agents of the United States.

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

6. Statement of Condition of Each Federal Reserve Bank, June 6, 2018

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 11,037 364 3,626 350 544 773 1,491 739 334 199 307 905 1,405

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

Coin 1,765 44 52 173 115 252 180 288 26 47 102 181 308

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,253,997 81,245 2,348,472 107,401 120,599 251,728 255,368 227,848 56,667 35,535 66,969 175,897 526,268

Securities held outright1 4,116,856 78,628 2,272,824 103,942 116,714 243,620 247,122 220,490 54,809 34,355 64,809 170,231 509,313

U.S. Treasury securities 2,377,872 45,415 1,312,770 60,036 67,413 140,713 142,736 127,354 31,657 19,843 37,433 98,325 294,176

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

Notes and bonds3 2,377,872 45,415 1,312,770 60,036 67,413 140,713 142,736 127,354 31,657 19,843 37,433 98,325 294,176

Federal agency debt securities2 4,391 84 2,424 111 124 260 264 235 58 37 69 182 543

Mortgage-backed securities4 1,734,593 33,129 957,630 43,795 49,176 102,646 104,122 92,901 23,093 14,475 27,307 71,725 214,594

Unamortized premiums on securities 

held outright5 151,027 2,884 83,379 3,813 4,282 8,937 9,066 8,089 2,011 1,260 2,378 6,245 18,684

Unamortized discounts on securities 

held outright5 -14,006 -267 -7,732 -354 -397 -829 -841 -750 -186 -117 -220 -579 -1,733

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

Loans 119 0 2 0 0 0 22 19 34 36 2 0 3

Net portfolio holdings of Maiden

Lane LLC7 1,713 0 1,713 0 0 0 0 0 0 0 0 0 0

Items in process of collection 79 0 0 0 0 0 79 0 0 0 0 0 0

Bank premises 2,187 110 443 73 119 196 202 199 107 95 234 220 190

Central bank liquidity swaps8 70 3 22 4 6 15 4 3 1 0 1 1 10

Foreign currency denominated

assets9 21,327 907 6,724 1,211 1,721 4,607 1,232 904 308 98 211 264 3,139

Other assets10 21,816 445 11,521 545 626 1,496 1,304 1,143 501 242 402 917 2,675

Interdistrict settlement account 0 + 8,070 + 51,338 - 5,035 - 5,458 + 3,585 + 20,149 - 12,111 - 883 - 1,364 - 7,443 - 3,180 - 47,668

Total assets 4,319,191 91,382 2,425,729 104,933 118,508 263,065 280,663 219,438 57,210 34,942 60,934 175,487 486,900

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, June 6, 2018 (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 1,785,098 59,218 605,595 54,147 87,742 125,523 253,393 113,389 51,999 30,360 47,187 138,475 218,071

Less: Notes held by F.R. Banks 170,331 5,999 42,668 6,626 9,396 13,760 25,926 11,920 5,233 3,103 5,655 16,009 24,037

Federal Reserve notes, net 1,614,767 53,218 562,928 47,522 78,346 111,762 227,468 101,468 46,767 27,257 41,532 122,466 194,034

Reverse repurchase agreements11 260,593 4,977 143,868 6,579 7,388 15,421 15,643 13,957 3,469 2,175 4,102 10,775 32,239

Deposits 2,397,845 31,319 1,703,816 48,298 29,356 126,735 34,779 101,970 6,208 4,938 14,750 41,468 254,210

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 2,031,965 31,288 1,388,104 48,295 29,293 126,522 34,742 52,297 6,203 4,937 14,676 41,404 254,202

U.S. Treasury, General Account 289,454 0 289,454 0 0 0 0 0 0 0 0 0 0

Foreign official 5,260 2 5,233 2 3 9 2 2 1 0 0 0 6

Other12 71,166 29 21,025 1 59 204 34 49,671 5 0 73 63 2

Deferred availability cash items 310 0 0 0 0 0 70 0 0 240 0 0 0

Earnings remittances due to the U.S.

Treasury13 1,350 28 685 32 46 74 112 76 27 13 25 66 165

Other liabilities and accrued

dividends 4,859 177 1,968 208 214 568 321 311 142 141 142 223 443

Total liabilities 4,279,725 89,720 2,413,264 102,639 115,350 254,560 278,392 217,783 56,613 34,763 60,551 174,999 481,091

Capital

Capital paid in 31,967 1,343 10,101 1,868 2,552 6,885 1,838 1,337 488 145 308 396 4,705

Surplus 7,500 319 2,364 426 605 1,620 433 318 108 34 74 93 1,104

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

Total liabilities and capital 4,319,191 91,382 2,425,729 104,933 118,508 263,065 280,663 219,438 57,210 34,942 60,934 175,487 486,900

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, June 6, 2018 (continued)

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

2. Face value of the securities.

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

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

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

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

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

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

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

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

9. Revalued daily at current foreign currency exchange rates.

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

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

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

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

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

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

providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $7.5 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 Jun 6, 2018

Federal Reserve notes outstanding 1,785,098

Less: Notes held by F.R. Banks not subject to collateralization 170,331

Federal Reserve notes to be collateralized 1,614,767

Collateral held against Federal Reserve notes 1,614,767

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,598,531

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,116,856

Less: Face value of securities under reverse repurchase agreements 258,006

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,858,850

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.