FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks November 25, 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

Nov 23, 2016 Nov 16, 2016 Nov 25, 2015

Wednesday

Nov 23, 2016

Reserve Bank credit 4,422,151 + 2,364 - 29,353 4,427,359

Securities held outright1 4,236,868 + 12,055 - 13,063 4,241,330

U.S. Treasury securities 2,463,767 + 66 + 2,118 2,463,801

Bills2 0 0 0 0

Notes and bonds, nominal2 2,340,674 0 - 5,965 2,340,674

Notes and bonds, inflation-indexed2 105,526 0 + 6,992 105,526

Inflation compensation3 17,567 + 66 + 1,091 17,601

Federal agency debt securities2 18,493 0 - 14,451 18,493

Mortgage-backed securities4 1,754,607 + 11,988 - 731 1,759,036

Unamortized premiums on securities held outright5 175,578 + 164 - 16,099 175,630

Unamortized discounts on securities held outright5 -15,236 + 12 + 1,515 -15,218

Repurchase agreements6 0 0 0 0

Loans 29 - 17 - 91 47

Primary credit 4 - 14 - 25 16

Secondary credit 0 0 0 0

Seasonal credit 25 - 2 - 66 31

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,707 - 1 - 6 1,700

Float -378 + 19 - 634 -458

Central bank liquidity swaps8 201 - 770 + 56 201

Other Federal Reserve assets9 23,381 - 9,099 - 1,030 24,128

Foreign currency denominated assets10 20,013 - 510 + 746 19,834

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 48,323 + 14 + 801 48,323

Total factors supplying reserve funds 4,506,728 + 1,868 - 27,806 4,511,757

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 23, 2016 Nov 16, 2016 Nov 25, 2015

Wednesday

Nov 23, 2016

Currency in circulation11 1,491,102 + 379 + 84,591 1,494,686

Reverse repurchase agreements12 365,231 + 27,186 + 53,585 374,359

Foreign official and international accounts 247,567 + 9,448 + 54,987 254,988

Others 117,664 + 17,738 - 1,402 119,371

Treasury cash holdings 179 - 14 - 64 167

Deposits with F.R. Banks, other than reserve balances 472,598 + 11,552 + 276,421 493,068

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 399,665 - 960 + 236,174 386,683

Foreign official 5,181 + 14 + 317 5,166

Other13 67,752 + 12,497 + 39,930 101,219

Other liabilities and capital14 46,715 - 371 - 19,633 46,293

Total factors, other than reserve balances,

absorbing reserve funds 2,375,826 + 38,732 + 394,900 2,408,573

Reserve balances with Federal Reserve Banks 2,130,901 - 36,865 - 422,707 2,103,184

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

Nov 23, 2016 Nov 16, 2016 Nov 25, 2015

Wednesday

Nov 23, 2016

Securities held in custody for foreign official and international

accounts 3,120,429 + 1,044 - 201,963 3,116,828

Marketable U.S. Treasury securities1 2,798,194 - 891 - 205,099 2,792,569

Federal agency debt and mortgage-backed securities2 262,063 + 2,403 - 11,267 264,813

Other securities3 60,172 - 468 + 14,403 59,447

Securities lent to dealers 21,704 - 962 + 6,710 20,886

Overnight facility4 21,704 - 962 + 6,710 20,886

U.S. Treasury securities 21,679 - 956 + 6,764 20,875

Federal agency debt securities 25 - 6 - 54 11

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

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

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

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

securities.

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

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

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, November 23, 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 45 2 0 0 0 ... 47

U.S. Treasury securities1

Holdings 10,537 29,316 152,126 1,243,299 395,485 633,038 2,463,801

Weekly changes 0 + 7,160 - 7,157 + 13 + 10,786 - 10,724 + 79

Federal agency debt securities2

Holdings 0 5,164 8,938 2,044 0 2,347 18,493

Weekly changes 0 + 1,500 + 866 - 2,366 0 0 0

Mortgage-backed securities3

Holdings 0 0 0 1,579 9,552 1,747,906 1,759,036

Weekly changes 0 0 0 0 - 1,578 + 12,824 + 11,245

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

Central bank liquidity swaps5 201 0 0 0 0 0 201

Reverse repurchase agreements4 374,359 0 ... ... ... ... 374,359

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 23, 2016

Mortgage-backed securities held outright1 1,759,036

Commitments to buy mortgage-backed securities2 28,646

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 15

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 23, 2016

Net portfolio holdings of Maiden Lane LLC1 1,700

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

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

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

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

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of September 30, 2016. Any assets purchased after

this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.

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

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

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

table 5 and table 6.

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

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

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

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

5. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Nov 23, 2016 Nov 16, 2016 Nov 25, 2015

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,830 - 36 - 27

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,401,788 + 11,476 - 12,101

Securities held outright1 4,241,330 + 11,324 + 1,968

U.S. Treasury securities 2,463,801 + 79 + 2,173

Bills2 0 0 0

Notes and bonds, nominal2 2,340,674 0 - 5,965

Notes and bonds, inflation-indexed2 105,526 0 + 6,992

Inflation compensation3 17,601 + 79 + 1,146

Federal agency debt securities2 18,493 0 - 14,451

Mortgage-backed securities4 1,759,036 + 11,245 + 14,247

Unamortized premiums on securities held outright5 175,630 + 95 - 15,536

Unamortized discounts on securities held outright5 -15,218 + 40 + 1,514

Repurchase agreements6 0 0 0

Loans 47 + 19 - 47

Net portfolio holdings of Maiden Lane LLC7 1,700 - 8 - 15

Items in process of collection (0) 63 - 14 - 485

Bank premises 2,204 0 - 29

Central bank liquidity swaps8 201 - 770 + 56

Foreign currency denominated assets9 19,834 - 411 + 620

Other assets10 21,924 + 1,911 + 674

Total assets (0) 4,465,782 + 12,149 - 11,306

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 23, 2016 Nov 16, 2016 Nov 25, 2015

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,448,356 + 3,804 + 83,048

Reverse repurchase agreements11 374,359 + 19,010 + 82,567

Deposits (0) 2,596,252 - 11,403 - 157,635

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,103,184 - 74,401 - 471,777

U.S. Treasury, General Account 386,683 + 10,775 + 232,468

Foreign official 5,166 - 1 - 54

Other12 (0) 101,219 + 52,223 + 81,728

Deferred availability cash items (0) 522 - 1 + 89

Other liabilities and accrued dividends13 5,924 + 639 - 1,060

Total liabilities (0) 4,425,413 + 12,049 + 7,009

Capital accounts

Capital paid in 30,370 + 102 + 1,028

Surplus 10,000 0 - 19,342

Other capital accounts 0 0 0

Total capital 40,370 + 102 - 18,314

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, November 23, 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 1,830 45 66 162 130 299 170 274 27 50 118 182 308

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,401,788 108,130 2,504,887 119,517 131,825 269,007 246,370 175,403 55,556 32,461 61,267 156,684 540,683

Securities held outright1 4,241,330 104,189 2,413,601 115,161 127,021 259,203 237,384 168,995 53,529 31,269 59,028 150,969 520,979

U.S. Treasury securities 2,463,801 60,524 1,402,068 66,898 73,787 150,572 137,897 98,170 31,095 18,165 34,290 87,698 302,638

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

Notes and bonds3 2,463,801 60,524 1,402,068 66,898 73,787 150,572 137,897 98,170 31,095 18,165 34,290 87,698 302,638

Federal agency debt securities2 18,493 454 10,524 502 554 1,130 1,035 737 233 136 257 658 2,272

Mortgage-backed securities4 1,759,036 43,211 1,001,010 47,762 52,680 107,501 98,452 70,089 22,200 12,969 24,481 62,612 216,069

Unamortized premiums on securities 

held outright5 175,630 4,314 99,946 4,769 5,260 10,733 9,830 6,998 2,217 1,295 2,444 6,252 21,573

Unamortized discounts on securities 

held outright5 -15,218 -374 -8,660 -413 -456 -930 -852 -606 -192 -112 -212 -542 -1,869

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

Loans 47 0 0 0 0 0 8 16 2 9 6 5 0

Net portfolio holdings of Maiden

Lane LLC7 1,700 0 1,700 0 0 0 0 0 0 0 0 0 0

Items in process of collection 63 0 0 0 0 0 63 0 0 0 0 0 0

Bank premises 2,204 118 434 72 105 203 207 201 114 90 239 224 196

Central bank liquidity swaps8 201 9 66 11 15 45 11 5 2 1 2 3 31

Foreign currency denominated

assets9 19,834 876 6,546 1,091 1,511 4,423 1,101 532 203 85 198 251 3,017

Other assets10 21,924 568 11,952 595 653 1,481 1,237 874 467 180 348 880 2,689

Interdistrict settlement account 0 - 29,299 + 38,630 - 9,764 - 9,330 - 27,293 + 9,525 + 6,414 + 2,895 + 2,752 + 1,405 + 16,228 - 2,161

Total assets 4,465,782 80,999 2,569,687 112,253 125,731 249,337 260,878 184,880 59,774 35,902 64,025 175,608 546,708

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 23, 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 1,626,765 50,407 531,583 51,597 80,174 113,374 223,833 109,309 49,772 28,305 43,859 134,525 210,026

Less: Notes held by F.R. Banks 178,409 5,848 48,621 6,352 9,153 13,602 27,193 11,470 5,576 3,130 5,598 15,827 26,039

Federal Reserve notes, net 1,448,356 44,559 482,962 45,245 71,020 99,773 196,641 97,840 44,196 25,175 38,261 118,698 183,987

Reverse repurchase agreements11 374,359 9,196 213,035 10,165 11,211 22,878 20,953 14,916 4,725 2,760 5,210 13,325 45,984

Deposits 2,596,252 25,293 1,858,095 54,422 40,021 117,299 40,434 70,293 10,265 7,205 20,005 42,783 310,136

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 2,103,184 25,287 1,378,576 54,420 40,018 117,041 40,425 57,057 10,249 7,205 20,003 42,781 310,122

U.S. Treasury, General Account 386,683 0 386,683 0 0 0 0 0 0 0 0 0 0

Foreign official 5,166 2 5,140 2 3 9 2 1 0 0 0 1 6

Other12 101,219 5 87,697 0 0 249 7 13,235 16 0 1 1 8

Deferred availability cash items 522 0 0 0 0 0 82 0 0 440 0 0 0

Earnings remittances due to the U.S.

Treasury13 1,568 31 1,004 29 27 19 97 60 18 12 23 69 179

Other liabilities and accrued

dividends 4,356 170 1,550 204 213 564 341 274 134 140 131 218 417

Total liabilities 4,425,413 79,249 2,556,647 110,066 122,492 240,532 258,548 183,383 59,338 35,732 63,630 175,093 540,703

Capital

Capital paid in 30,370 1,308 9,741 1,637 2,477 6,574 1,775 1,228 333 128 296 389 4,483

Surplus 10,000 442 3,299 550 762 2,230 555 268 103 43 100 127 1,521

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

Total liabilities and capital 4,465,782 80,999 2,569,687 112,253 125,731 249,337 260,878 184,880 59,774 35,902 64,025 175,608 546,708

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 23, 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 Nov 23, 2016

Federal Reserve notes outstanding 1,626,765

Less: Notes held by F.R. Banks not subject to collateralization 178,409

Federal Reserve notes to be collateralized 1,448,356

Collateral held against Federal Reserve notes 1,448,356

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,432,119

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,241,330

Less: Face value of securities under reverse repurchase agreements 357,331

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,883,999

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.