FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks June 30, 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

Jun 29, 2016 Jun 22, 2016 Jul 1, 2015

Wednesday

Jun 29, 2016

Reserve Bank credit 4,436,086 - 2,147 - 4,790 4,425,738

Securities held outright1 4,239,451 - 2,702 + 10,635 4,230,940

U.S. Treasury securities 2,462,253 + 135 + 1,306 2,462,303

Bills2 0 0 0 0

Notes and bonds, nominal2 2,339,286 0 - 7,356 2,339,286

Notes and bonds, inflation-indexed2 105,939 0 + 7,405 105,939

Inflation compensation3 17,028 + 136 + 1,258 17,077

Federal agency debt securities2 25,096 0 - 10,799 25,096

Mortgage-backed securities4 1,752,101 - 2,838 + 20,127 1,743,541

Unamortized premiums on securities held outright5 181,209 - 413 - 17,036 180,818

Unamortized discounts on securities held outright5 -15,927 + 43 + 1,596 -15,910

Repurchase agreements6 0 0 0 0

Loans 132 - 15 - 40 156

Primary credit 7 - 32 - 2 27

Secondary credit 0 0 0 0

Seasonal credit 125 + 17 - 37 129

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,713 0 + 17 1,712

Float -279 - 140 + 182 -1,270

Central bank liquidity swaps8 2 + 2 - 633 2

Other Federal Reserve assets9 29,786 + 1,078 + 489 29,290

Foreign currency denominated assets10 21,256 - 3 + 1,487 21,247

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 47,927 + 14 + 927 47,927

Total factors supplying reserve funds 4,521,510 - 2,136 - 2,377 4,511,153

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 29, 2016 Jun 22, 2016 Jul 1, 2015

Wednesday

Jun 29, 2016

Currency in circulation11 1,458,513 + 2,453 + 91,899 1,462,755

Reverse repurchase agreements12 359,041 + 51,222 - 20,371 403,727

Foreign official and international accounts 252,905 + 10,173 + 95,723 260,521

Others 106,136 + 41,049 - 116,094 143,206

Treasury cash holdings 93 + 3 - 7 71

Deposits with F.R. Banks, other than reserve balances 399,855 + 50,196 + 145,338 398,794

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 337,093 + 20,255 + 109,636 346,632

Foreign official 5,322 - 12 + 78 5,194

Other13 57,439 + 29,952 + 35,622 46,968

Other liabilities and capital14 47,664 - 456 - 18,175 46,688

Total factors, other than reserve balances,

absorbing reserve funds 2,265,166 + 103,418 + 198,685 2,312,035

Reserve balances with Federal Reserve Banks 2,256,344 - 105,553 - 201,062 2,199,118

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

Jun 29, 2016 Jun 22, 2016 Jul 1, 2015

Wednesday

Jun 29, 2016

Securities held in custody for foreign official and international

accounts 3,224,997 - 13,496 - 153,865 3,217,505

Marketable U.S. Treasury securities1 2,912,055 - 12,945 - 122,983 2,905,096

Federal agency debt and mortgage-backed securities2 262,612 - 583 - 35,962 262,170

Other securities3 50,330 + 32 + 5,080 50,240

Securities lent to dealers 23,952 + 2,799 + 11,971 21,778

Overnight facility4 23,952 + 2,799 + 11,971 21,778

U.S. Treasury securities 23,938 + 2,795 + 12,110 21,763

Federal agency debt securities 14 + 4 - 139 15

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 29, 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 119 36 0 0 0 ... 156

U.S. Treasury securities1

Holdings 13,567 24,159 140,394 1,199,997 447,746 636,440 2,462,303

Weekly changes 0 + 4 + 3 + 1,982 - 1,936 + 82 + 135

Federal agency debt securities2

Holdings 0 4,604 12,395 5,750 0 2,347 25,096

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities3

Holdings 0 0 0 927 9,611 1,733,003 1,743,541

Weekly changes 0 0 0 - 29 - 201 - 14,737 - 14,967

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

Central bank liquidity swaps5 2 0 0 0 0 0 2

Reverse repurchase agreements4 403,727 0 ... ... ... ... 403,727

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 29, 2016

Mortgage-backed securities held outright1 1,743,541

Commitments to buy mortgage-backed securities2 29,909

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 12

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 29, 2016

Net portfolio holdings of Maiden Lane LLC1 1,712

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 March 31, 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

Jun 29, 2016 Jun 22, 2016 Jul 1, 2015

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,853 - 10 - 17

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,396,004 - 15,588 - 13,696

Securities held outright1 4,230,940 - 14,832 + 2,009

U.S. Treasury securities 2,462,303 + 135 + 1,328

Bills2 0 0 0

Notes and bonds, nominal2 2,339,286 0 - 7,355

Notes and bonds, inflation-indexed2 105,939 0 + 7,405

Inflation compensation3 17,077 + 135 + 1,277

Federal agency debt securities2 25,096 0 - 10,799

Mortgage-backed securities4 1,743,541 - 14,967 + 11,481

Unamortized premiums on securities held outright5 180,818 - 816 - 17,293

Unamortized discounts on securities held outright5 -15,910 + 48 + 1,602

Repurchase agreements6 0 0 0

Loans 156 + 12 - 14

Net portfolio holdings of Maiden Lane LLC7 1,712 - 1 + 16

Items in process of collection (0) 137 - 34 + 46

Bank premises 2,220 + 2 - 16

Central bank liquidity swaps8 2 + 2 - 633

Foreign currency denominated assets9 21,247 - 22 + 1,472

Other assets10 27,070 + 124 + 181

Total assets (0) 4,466,482 - 15,527 - 12,648

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 29, 2016 Jun 22, 2016 Jul 1, 2015

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,416,748 + 5,575 + 91,601

Reverse repurchase agreements11 403,727 + 68,657 + 53,870

Deposits (0) 2,597,913 - 90,280 - 141,314

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,199,119 - 119,476 - 305,413

U.S. Treasury, General Account 346,632 + 15,220 + 134,497

Foreign official 5,194 - 2 - 49

Other12 (0) 46,968 + 13,977 + 29,651

Deferred availability cash items (0) 1,406 + 1,113 + 964

Other liabilities and accrued dividends13 6,575 - 591 + 383

Total liabilities (0) 4,426,369 - 15,526 + 5,503

Capital accounts

Capital paid in 30,113 - 1 + 981

Surplus 10,000 0 - 19,132

Other capital accounts 0 0 0

Total capital 40,113 - 1 - 18,151

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, June 29, 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 1,853 46 62 141 136 296 185 274 25 54 134 184 314

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,396,004 107,985 2,501,533 119,357 131,653 268,652 246,041 175,173 55,526 32,450 61,192 156,472 539,969

Securities held outright1 4,230,940 103,934 2,407,689 114,879 126,710 258,568 236,802 168,581 53,398 31,193 58,884 150,599 519,703

U.S. Treasury securities 2,462,303 60,487 1,401,216 66,857 73,742 150,480 137,813 98,110 31,076 18,153 34,269 87,645 302,454

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

Notes and bonds3 2,462,303 60,487 1,401,216 66,857 73,742 150,480 137,813 98,110 31,076 18,153 34,269 87,645 302,454

Federal agency debt securities2 25,096 616 14,281 681 752 1,534 1,405 1,000 317 185 349 893 3,083

Mortgage-backed securities4 1,743,541 42,831 992,192 47,341 52,216 106,554 97,585 69,471 22,005 12,854 24,266 62,061 214,166

Unamortized premiums on securities 

held outright5 180,818 4,442 102,898 4,910 5,415 11,050 10,120 7,205 2,282 1,333 2,517 6,436 22,211

Unamortized discounts on securities 

held outright5 -15,910 -391 -9,054 -432 -476 -972 -890 -634 -201 -117 -221 -566 -1,954

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

Loans 156 0 0 0 5 5 9 21 47 41 13 3 10

Net portfolio holdings of Maiden

Lane LLC7 1,712 0 1,712 0 0 0 0 0 0 0 0 0 0

Items in process of collection 137 0 0 0 0 0 136 0 0 0 0 0 0

Bank premises 2,220 121 435 74 106 207 207 202 115 90 241 225 197

Central bank liquidity swaps8 2 0 1 0 0 0 0 0 0 0 0 0 0

Foreign currency denominated

assets9 21,247 939 7,011 1,169 1,618 4,738 1,180 569 218 91 212 269 3,232

Other assets10 27,070 701 14,908 738 811 1,843 1,525 1,085 407 224 423 1,073 3,333

Interdistrict settlement account 0 - 20,673 + 9,904 + 93 - 9,405 - 17,895 + 8,799 - 2,386 + 859 + 1,629 - 1,298 + 8,876 + 21,499

Total assets 4,466,482 89,670 2,540,972 122,141 125,743 259,014 260,268 176,094 57,660 34,821 61,353 168,256 570,490

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 29, 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 1,589,798 49,734 510,349 49,633 81,591 110,724 222,092 106,667 50,549 27,383 40,511 132,895 207,670

Less: Notes held by F.R. Banks 173,050 5,354 53,948 5,816 9,241 12,255 25,629 10,650 5,139 2,653 4,851 14,393 23,120

Federal Reserve notes, net 1,416,748 44,380 456,401 43,817 72,350 98,469 196,463 96,017 45,410 24,729 35,660 118,502 184,550

Reverse repurchase agreements11 403,727 9,918 229,748 10,962 12,091 24,673 22,596 16,086 5,095 2,977 5,619 14,371 49,591

Deposits 2,597,913 33,423 1,838,434 64,962 38,010 126,415 38,504 62,185 6,595 5,454 19,537 34,611 329,781

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 2,199,119 33,408 1,447,233 64,960 38,007 126,272 38,496 54,789 6,586 5,454 19,535 34,610 329,770

U.S. Treasury, General Account 346,632 0 346,632 0 0 0 0 0 0 0 0 0 0

Foreign official 5,194 2 5,167 2 3 9 2 1 0 0 0 1 6

Other12 46,968 14 39,403 0 0 134 7 7,395 9 0 1 0 5

Deferred availability cash items 1,406 0 0 0 0 0 60 0 0 1,346 0 0 0

Earnings remittances due to the U.S.

Treasury13 1,647 35 951 41 48 90 100 65 15 12 25 64 200

Other liabilities and accrued

dividends 4,928 167 2,286 197 205 558 325 252 127 133 119 199 359

Total liabilities 4,426,369 87,923 2,527,820 119,979 122,705 250,204 258,049 174,606 57,242 34,651 60,960 167,747 564,482

Capital

Capital paid in 30,113 1,305 9,853 1,612 2,276 6,579 1,664 1,221 315 128 292 383 4,486

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 4,466,482 89,670 2,540,972 122,141 125,743 259,014 260,268 176,094 57,660 34,821 61,353 168,256 570,490

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 29, 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 Jun 29, 2016

Federal Reserve notes outstanding 1,589,798

Less: Notes held by F.R. Banks not subject to collateralization 173,050

Federal Reserve notes to be collateralized 1,416,748

Collateral held against Federal Reserve notes 1,416,748

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,400,511

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,230,940

Less: Face value of securities under reverse repurchase agreements 372,318

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,858,622

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.