FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks April 13, 2017

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

Apr 12, 2017 Apr 5, 2017 Apr 13, 2016

Wednesday

Apr 12, 2017

Reserve Bank credit 4,434,398 - 374 - 13,595 4,445,590

Securities held outright1 4,248,681 + 1,823 + 3,115 4,258,966

U.S. Treasury securities 2,464,513 + 106 + 3,154 2,464,546

Bills2 0 0 0 0

Notes and bonds, nominal2 2,339,280 - 190 - 2,618 2,339,280

Notes and bonds, inflation-indexed2 107,233 + 190 + 3,732 107,233

Inflation compensation3 18,000 + 105 + 2,040 18,034

Federal agency debt securities2 13,329 0 - 15,928 13,329

Mortgage-backed securities4 1,770,840 + 1,718 + 15,890 1,781,091

Unamortized premiums on securities held outright5 169,099 - 258 - 16,043 169,292

Unamortized discounts on securities held outright5 -14,949 + 25 + 1,381 -14,941

Repurchase agreements6 0 0 0 0

Loans 49 - 7 + 8 24

Primary credit 30 - 14 + 29 1

Secondary credit 0 0 0 0

Seasonal credit 18 + 7 - 21 23

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,717 + 8 - 5 1,708

Float -318 + 311 - 164 -561

Central bank liquidity swaps8 45 - 5,030 0 45

Other Federal Reserve assets9 30,074 + 2,753 - 1,887 31,058

Foreign currency denominated assets10 20,049 - 58 - 1,013 20,115

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 48,754 + 14 + 1,005 48,754

Total factors supplying reserve funds 4,519,442 - 418 - 13,602 4,530,700

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

Apr 12, 2017 Apr 5, 2017 Apr 13, 2016

Wednesday

Apr 12, 2017

Currency in circulation11 1,539,759 + 2,606 + 95,257 1,540,933

Reverse repurchase agreements12 361,127 - 159,712 + 98,746 357,433

Foreign official and international accounts 245,207 - 6,970 + 5,167 251,905

Others 115,921 - 152,740 + 93,579 105,528

Treasury cash holdings 260 - 6 + 64 264

Deposits with F.R. Banks, other than reserve balances 211,396 + 30,818 - 69,324 214,929

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 122,218 + 33,008 - 117,417 119,157

Foreign official 5,199 + 20 + 23 5,174

Other13 83,978 - 2,212 + 48,070 90,598

Other liabilities and capital14 48,493 + 1,327 + 78 49,375

Total factors, other than reserve balances,

absorbing reserve funds 2,161,036 - 124,966 + 124,822 2,162,934

Reserve balances with Federal Reserve Banks 2,358,407 + 124,549 - 138,423 2,367,767

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

Apr 12, 2017 Apr 5, 2017 Apr 13, 2016

Wednesday

Apr 12, 2017

Securities held in custody for foreign official and international

accounts 3,212,664 - 1,527 - 30,760 3,212,306

Marketable U.S. Treasury securities1 2,889,782 - 1,813 - 39,042 2,889,721

Federal agency debt and mortgage-backed securities2 260,554 - 100 - 6,109 260,057

Other securities3 62,327 + 384 + 14,390 62,528

Securities lent to dealers 21,656 - 2,672 + 3,180 21,894

Overnight facility4 21,656 - 2,672 + 3,180 21,894

U.S. Treasury securities 21,605 - 2,675 + 3,173 21,845

Federal agency debt securities 51 + 3 + 7 49

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, April 12, 2017

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 4 20 0 0 0 ... 24

U.S. Treasury securities1

Holdings 460 59,336 201,692 1,194,562 381,007 627,489 2,464,546

Weekly changes 0 0 + 3 + 15 + 19 + 54 + 92

Federal agency debt securities2

Holdings 1,500 3,732 3,706 2,044 0 2,347 13,329

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities3

Holdings 0 0 0 59 11,306 1,769,726 1,781,091

Weekly changes 0 0 0 0 0 + 11,969 + 11,969

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

Central bank liquidity swaps5 45 0 0 0 0 0 45

Reverse repurchase agreements4 357,433 0 ... ... ... ... 357,433

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 Apr 12, 2017

Mortgage-backed securities held outright1 1,781,091

Commitments to buy mortgage-backed securities2 18,181

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 0

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 Apr 12, 2017

Net portfolio holdings of Maiden Lane LLC1 1,708

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 December 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

Apr 12, 2017 Apr 5, 2017 Apr 13, 2016

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,899 - 9 + 25

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,413,341 + 12,175 - 12,486

Securities held outright1 4,258,966 + 12,060 + 2,218

U.S. Treasury securities 2,464,546 + 92 + 3,178

Bills2 0 0 0

Notes and bonds, nominal2 2,339,280 0 - 2,618

Notes and bonds, inflation-indexed2 107,233 0 + 3,732

Inflation compensation3 18,034 + 92 + 2,065

Federal agency debt securities2 13,329 0 - 15,928

Mortgage-backed securities4 1,781,091 + 11,969 + 14,968

Unamortized premiums on securities held outright5 169,292 + 78 - 16,065

Unamortized discounts on securities held outright5 -14,941 + 25 + 1,377

Repurchase agreements6 0 0 0

Loans 24 + 11 - 17

Net portfolio holdings of Maiden Lane LLC7 1,708 - 10 - 14

Items in process of collection (0) 90 + 18 - 79

Bank premises 2,198 - 1 - 24

Central bank liquidity swaps8 45 - 5,030 0

Foreign currency denominated assets9 20,115 + 73 - 769

Other assets10 28,860 + 2,644 - 1,889

Total assets (0) 4,484,492 + 9,858 - 15,237

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

Apr 12, 2017 Apr 5, 2017 Apr 13, 2016

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,494,338 + 860 + 95,061

Reverse repurchase agreements11 357,433 - 67,757 + 98,897

Deposits (0) 2,582,696 + 74,347 - 209,868

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,367,767 + 29,991 - 142,078

U.S. Treasury, General Account 119,157 + 36,204 - 118,771

Foreign official 5,174 - 3 - 23

Other12 (0) 90,598 + 8,155 + 51,004

Deferred availability cash items (0) 651 - 25 + 246

Other liabilities and accrued dividends13 8,783 + 2,431 - 107

Total liabilities (0) 4,443,900 + 9,855 - 15,772

Capital accounts

Capital paid in 30,592 + 3 + 535

Surplus 10,000 0 0

Other capital accounts 0 0 0

Total capital 40,592 + 3 + 535

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, April 12, 2017

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 1,899 50 59 172 131 298 194 288 25 55 121 191 315

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,413,341 108,418 2,511,474 119,831 132,171 269,714 247,010 175,863 55,701 32,539 61,424 157,091 542,105

Securities held outright1 4,258,966 104,623 2,423,637 115,640 127,549 260,281 238,371 169,698 53,752 31,399 59,274 151,597 523,145

U.S. Treasury securities 2,464,546 60,542 1,402,492 66,918 73,809 150,618 137,939 98,200 31,105 18,170 34,300 87,725 302,730

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

Notes and bonds3 2,464,546 60,542 1,402,492 66,918 73,809 150,618 137,939 98,200 31,105 18,170 34,300 87,725 302,730

Federal agency debt securities2 13,329 327 7,585 362 399 815 746 531 168 98 186 474 1,637

Mortgage-backed securities4 1,781,091 43,753 1,013,560 48,361 53,341 108,849 99,686 70,967 22,479 13,131 24,788 63,397 218,778

Unamortized premiums on securities 

held outright5 169,292 4,159 96,339 4,597 5,070 10,346 9,475 6,745 2,137 1,248 2,356 6,026 20,795

Unamortized discounts on securities 

held outright5 -14,941 -367 -8,502 -406 -447 -913 -836 -595 -189 -110 -208 -532 -1,835

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

Loans 24 3 0 0 0 0 0 15 1 2 2 0 0

Net portfolio holdings of Maiden

Lane LLC7 1,708 0 1,708 0 0 0 0 0 0 0 0 0 0

Items in process of collection 90 0 0 0 0 0 89 0 0 1 0 0 0

Bank premises 2,198 119 440 71 108 202 204 200 112 89 237 221 194

Central bank liquidity swaps8 45 2 14 2 4 10 3 2 0 0 0 1 7

Foreign currency denominated

assets9 20,115 872 6,443 1,081 1,638 4,346 1,173 842 220 85 195 257 2,962

Other assets10 28,860 750 15,916 782 870 1,953 1,649 1,157 449 238 462 1,087 3,547

Interdistrict settlement account 0 - 22,928 - 150,774 - 805 - 805 + 4,167 + 14,762 + 54,824 + 6,648 + 3,917 + 7,483 + 30,593 + 52,918

Total assets 4,484,492 87,834 2,390,686 121,704 134,940 281,862 267,279 234,354 63,665 37,207 70,372 190,598 603,992

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, April 12, 2017 (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 1,667,976 55,497 529,896 54,031 83,189 119,040 224,926 114,574 52,230 29,624 46,869 141,927 216,173

Less: Notes held by F.R. Banks 173,638 6,054 43,705 7,773 9,743 13,159 24,799 11,652 5,479 3,089 5,684 17,037 25,463

Federal Reserve notes, net 1,494,338 49,443 486,190 46,258 73,446 105,881 200,127 102,922 46,751 26,534 41,185 124,889 190,710

Reverse repurchase agreements11 357,433 8,780 203,403 9,705 10,705 21,844 20,005 14,242 4,511 2,635 4,975 12,723 43,905

Deposits 2,582,696 27,598 1,683,383 63,273 47,192 144,661 44,231 115,054 11,772 7,119 23,642 52,152 362,618

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 2,367,767 27,591 1,523,958 63,271 47,189 144,370 44,222 59,891 11,753 7,119 23,641 52,151 362,611

U.S. Treasury, General Account 119,157 0 119,157 0 0 0 0 0 0 0 0 0 0

Foreign official 5,174 2 5,147 2 3 9 2 2 0 0 0 1 6

Other12 90,598 5 35,122 0 0 282 7 55,161 18 0 1 0 1

Deferred availability cash items 651 0 0 0 0 0 60 0 0 590 0 0 0

Earnings remittances due to the U.S.

Treasury13 1,876 53 1,061 51 62 124 116 66 24 11 22 68 217

Other liabilities and accrued

dividends 6,907 205 3,631 234 240 590 385 343 156 145 147 253 578

Total liabilities 4,443,900 86,080 2,377,669 119,520 131,645 273,101 264,925 232,627 63,213 37,035 69,972 190,085 598,029

Capital

Capital paid in 30,592 1,321 9,815 1,646 2,481 6,601 1,771 1,309 342 129 303 385 4,491

Surplus 10,000 434 3,202 538 815 2,161 583 419 109 42 97 128 1,473

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

Total liabilities and capital 4,484,492 87,834 2,390,686 121,704 134,940 281,862 267,279 234,354 63,665 37,207 70,372 190,598 603,992

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, April 12, 2017 (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 Apr 12, 2017

Federal Reserve notes outstanding 1,667,976

Less: Notes held by F.R. Banks not subject to collateralization 173,638

Federal Reserve notes to be collateralized 1,494,338

Collateral held against Federal Reserve notes 1,494,338

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,478,101

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,258,966

Less: Face value of securities under reverse repurchase agreements 344,021

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,914,945

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.