FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks November 19, 2015

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Week ended

Nov 18, 2015 Nov 11, 2015 Nov 19, 2014

Wednesday

Nov 18, 2015

Reserve Bank credit 4,460,481 + 7,207 - 1,851 4,448,985

Securities held outright1 4,251,113 + 11,132 + 13,265 4,248,123

U.S. Treasury securities 2,461,691 - 41 + 77 2,461,676

Bills2 0 0 0 0

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

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

Inflation compensation3 16,518 - 41 + 85 16,503

Federal agency debt securities2 33,803 - 343 - 5,897 32,944

Mortgage-backed securities4 1,755,619 + 11,516 + 19,086 1,753,503

Unamortized premiums on securities held outright5 192,021 + 169 - 16,805 191,836

Unamortized discounts on securities held outright5 -16,786 + 34 + 1,824 -16,772

Repurchase agreements6 0 0 0 0

Loans 105 - 16 - 24 104

Primary credit 4 + 3 - 11 5

Secondary credit 0 0 0 0

Seasonal credit 101 - 18 - 13 99

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,713 0 + 34 1,713

Float 209 + 63 + 821 31

Central bank liquidity swaps8 149 + 8 + 149 150

Other Federal Reserve assets9 31,957 - 4,182 - 1,115 23,800

Foreign currency denominated assets10 19,283 - 60 - 2,347 19,188

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 47,425 + 14 + 1,167 47,425

Total factors supplying reserve funds 4,543,430 + 7,161 - 3,031 4,531,840

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 18, 2015 Nov 11, 2015 Nov 19, 2014

Wednesday

Nov 18, 2015

Currency in circulation11 1,405,018 + 1,701 + 93,259 1,405,244

Reverse repurchase agreements12 269,292 - 3,678 + 46,582 313,730

Foreign official and international accounts 193,639 - 1,314 + 92,395 191,769

Others 75,653 - 2,365 - 45,813 121,961

Treasury cash holdings 253 + 12 + 60 244

Deposits with F.R. Banks, other than reserve balances 167,647 + 30,156 - 259,070 135,397

Term deposits held by depository institutions 0 0 - 307,723 0

U.S. Treasury, General Account 133,021 + 25,896 + 37,740 112,494

Foreign official 4,706 - 801 - 555 4,705

Other13 29,919 + 5,060 + 11,467 18,199

Other liabilities and capital14 67,085 + 811 + 2,174 65,258

Total factors, other than reserve balances,

absorbing reserve funds 1,909,293 + 29,000 - 116,997 1,919,874

Reserve balances with Federal Reserve Banks 2,634,137 - 21,839 + 113,966 2,611,966

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

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

2. Face value of the securities.

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

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

the securities.

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

amortized. For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis. For mortgage-backed securities,

amortization is on an effective-interest basis.

6. Cash value of agreements.

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

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

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

foreign central bank.

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

Bank premises and equipment net of allowances for depreciation.

10. Revalued daily at current foreign currency exchange rates.

11. Estimated.

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

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

financial market utilities.

14. Includes the liability for interest on Federal Reserve notes due to U.S. Treasury.

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

1A. Memorandum Items

Millions of dollars

Averages of daily figures

Memorandum item Week ended Change from week ended

Nov 18, 2015 Nov 11, 2015 Nov 19, 2014

Wednesday

Nov 18, 2015

Securities held in custody for foreign official and international

accounts 3,307,904 + 4,572 + 291 3,313,067

Marketable U.S. Treasury securities1 2,987,340 + 4,965 + 6,154 2,993,071

Federal agency debt and mortgage-backed securities2 274,632 - 214 - 9,982 274,291

Other securities3 45,931 - 181 + 4,118 45,705

Securities lent to dealers 14,888 - 2,279 + 5,355 14,889

Overnight facility4 14,888 - 2,279 + 5,355 14,889

U.S. Treasury securities 14,831 - 2,289 + 5,988 14,828

Federal agency debt securities 57 + 10 - 633 61

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 18, 2015

Millions of dollars

Remaining Maturity Within 15

days

16 days to

90 days

91 days to

1 year

Over 1 year

to 5 years

Over 5 year

to 10 years

Over 10

years

All

Loans 103 2 0 0 0 ... 104

U.S. Treasury securities1

Holdings 0 6,780 187,101 1,129,310 500,542 637,943 2,461,676

Weekly changes - 326 + 4,868 + 8,704 - 923 - 12,418 + 54 - 42

Federal agency debt securities2

Holdings 0 1,626 12,825 16,146 0 2,347 32,944

Weekly changes - 1,202 0 0 0 0 0 - 1,202

Mortgage-backed securities3

Holdings 0 0 0 393 9,346 1,743,764 1,753,503

Weekly changes 0 0 0 - 1 + 69 + 9,332 + 9,400

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

Central bank liquidity swaps5 150 0 0 0 0 0 150

Reverse repurchase agreements4 313,730 0 ... ... ... ... 313,730

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 18, 2015

Mortgage-backed securities held outright1 1,753,503

Commitments to buy mortgage-backed securities2 24,975

Commitments to sell mortgage-backed securities2 529

Cash and cash equivalents3 103

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 18, 2015

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. Revalued quarterly. This table reflects valuations as of September 30, 2015. Any assets purchased after

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

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

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

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

table 5 and table 6.

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

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

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

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

5. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Nov 18, 2015 Nov 11, 2015 Nov 19, 2014

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,889 + 4 + 30

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,423,291 + 8,287 - 3,110

Securities held outright1 4,248,123 + 8,156 + 11,913

U.S. Treasury securities 2,461,676 - 42 + 54

Bills2 0 0 0

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

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

Inflation compensation3 16,503 - 42 + 63

Federal agency debt securities2 32,944 - 1,202 - 6,756

Mortgage-backed securities4 1,753,503 + 9,400 + 18,614

Unamortized premiums on securities held outright5 191,836 + 103 - 16,820

Unamortized discounts on securities held outright5 -16,772 + 37 + 1,825

Repurchase agreements6 0 0 0

Loans 104 - 8 - 27

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

Items in process of collection (0) 452 - 234 + 361

Bank premises 2,232 + 1 - 33

Central bank liquidity swaps8 150 + 9 + 150

Foreign currency denominated assets9 19,188 - 70 - 2,421

Other assets10 21,568 - 13,289 - 1,049

Total assets (0) 4,486,721 - 5,291 - 6,038

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 18, 2015 Nov 11, 2015 Nov 19, 2014

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,359,948 - 383 + 92,236

Reverse repurchase agreements11 313,730 + 36,731 + 46,730

Deposits (0) 2,747,364 - 39,641 - 146,974

Term deposits held by depository institutions 0 0 - 307,723

Other deposits held by depository institutions 2,611,966 - 47,372 + 125,652

U.S. Treasury, General Account 112,494 + 16,045 + 32,860

Foreign official 4,705 - 653 - 599

Other12 (0) 18,199 - 7,660 + 2,836

Deferred availability cash items (0) 421 - 306 - 257

Other liabilities and accrued dividends13 6,600 - 1,697 + 134

Total liabilities (0) 4,428,063 - 5,297 - 8,130

Capital accounts

Capital paid in 29,329 + 3 + 1,046

Surplus 29,329 + 3 + 1,046

Other capital accounts 0 0 0

Total capital 58,658 + 5 + 2,092

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

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

2. Face value of the securities.

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

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

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

amortized. For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis. For mortgage-backed securities,

amortization is on an effective-interest basis.

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

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

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

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

central bank.

9. Revalued daily at current foreign currency exchange rates.

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

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

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

financial market utilities.

13. Includes the liability for interest on Federal Reserve notes due to U.S. Treasury.
H.4.1

6. Statement of Condition of Each Federal Reserve Bank, November 18, 2015

Millions of dollars

Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco

Assets

Gold certificate account 11,037 347 3,709 340 505 783 1,600 734 299 171 288 891 1,370

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

Coin 1,889 46 76 129 129 301 192 274 31 43 151 192 325

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,423,291 112,126 2,655,293 110,012 106,344 240,239 249,100 164,349 46,131 26,958 57,466 142,490 512,783

Securities held outright1 4,248,123 107,688 2,550,199 105,658 102,135 230,731 239,221 157,837 44,302 25,835 55,185 136,846 492,487

U.S. Treasury securities 2,461,676 62,402 1,477,774 61,226 59,185 133,702 138,622 91,462 25,672 14,971 31,978 79,299 285,383

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

Notes and bonds3 2,461,676 62,402 1,477,774 61,226 59,185 133,702 138,622 91,462 25,672 14,971 31,978 79,299 285,383

Federal agency debt securities2 32,944 835 19,777 819 792 1,789 1,855 1,224 344 200 428 1,061 3,819

Mortgage-backed securities4 1,753,503 44,450 1,052,649 43,613 42,158 95,239 98,743 65,150 18,286 10,664 22,779 56,486 203,284

Unamortized premiums on securities 

held outright5 191,836 4,863 115,161 4,771 4,612 10,419 10,803 7,128 2,001 1,167 2,492 6,180 22,240

Unamortized discounts on securities 

held outright5 -16,772 -425 -10,068 -417 -403 -911 -944 -623 -175 -102 -218 -540 -1,944

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

Loans 104 0 1 0 0 0 22 8 4 58 6 5 1

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 452 0 0 0 0 0 452 0 0 0 0 0 0

Bank premises 2,232 125 437 74 106 213 208 204 118 92 238 220 197

Central bank liquidity swaps8 150 7 48 8 12 34 9 4 1 1 2 2 22

Foreign currency denominated

assets9 19,188 870 6,187 1,072 1,496 4,402 1,092 515 179 81 202 276 2,817

Other assets10 21,568 588 12,439 548 530 1,333 1,218 809 312 162 328 791 2,510

Interdistrict settlement account 0 - 8,960 - 160,460 + 6,937 + 21,557 + 39,379 + 1,510 + 26,658 + 12,315 + 6,532 + 3,069 + 17,714 + 33,749

Total assets 4,486,721 105,345 2,521,261 119,331 130,916 287,097 256,034 193,971 59,536 34,130 61,895 162,860 554,347

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 18, 2015 (continued)

Millions of dollars

Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco

Liabilities

Federal Reserve notes outstanding 1,540,980 48,916 499,577 49,912 83,594 107,637 217,355 104,113 52,129 27,066 41,120 119,898 189,662

Less: Notes held by F.R. Banks 181,032 5,819 64,700 6,252 9,160 12,371 21,252 10,574 4,836 2,839 4,514 13,792 24,923

Federal Reserve notes, net 1,359,948 43,097 434,877 43,660 74,434 95,266 196,103 93,539 47,293 24,227 36,606 106,106 164,739

Reverse repurchase agreements11 313,730 7,953 188,336 7,803 7,543 17,040 17,667 11,656 3,272 1,908 4,076 10,106 36,371

Deposits 2,747,364 51,483 1,875,529 64,394 44,186 160,985 38,296 86,887 8,236 7,400 20,460 45,542 343,966

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 2,611,966 51,477 1,749,082 64,392 44,183 160,749 38,286 78,246 8,198 7,400 20,459 45,539 343,956

U.S. Treasury, General Account 112,494 0 112,494 0 0 0 0 0 0 0 0 0 0

Foreign official 4,705 2 4,678 2 3 9 2 1 0 0 0 1 6

Other12 18,199 4 9,276 0 0 227 7 8,640 38 0 1 2 5

Deferred availability cash items 421 0 0 0 0 0 226 0 0 195 0 0 0

Interest on Federal Reserve notes due

to U.S. Treasury13 1,388 31 911 27 22 36 79 51 14 1 13 50 155

Other liabilities and accrued

dividends 5,212 174 2,388 213 236 607 342 255 130 147 129 187 404

Total liabilities 4,428,063 102,737 2,502,041 116,097 126,420 273,934 252,713 192,389 58,945 33,878 61,283 161,991 545,635

Capital

Capital paid in 29,329 1,304 9,610 1,617 2,248 6,581 1,660 791 295 126 306 434 4,356

Surplus 29,329 1,304 9,610 1,617 2,248 6,581 1,660 791 295 126 306 434 4,356

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

Total liabilities and capital 4,486,721 105,345 2,521,261 119,331 130,916 287,097 256,034 193,971 59,536 34,130 61,895 162,860 554,347

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 18, 2015 (continued)

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

2. Face value of the securities.

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

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

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

agency debt securities, amortization is on a straight-line basis. For mortgage-backed securities, amortization is on an effective-interest basis.

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

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

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

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

9. Revalued daily at current foreign currency exchange rates.

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

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

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

13. Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank’s net earnings are not sufficient to equate surplus

to capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the

Federal Reserve Bank’s earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy,

which requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends,

and the amount necessary to equate surplus with capital paid-in.

Note on consolidation:

On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to acquire certain

assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the remaining outstanding balance of

the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual returns and could have absorbed any

residual losses should they have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the assets and liabilities of FRBNY in the preparation

of the statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was eliminated, the net assets of ML appeared as assets on the previous

page (and in table 1 and table 5), and the liabilities of ML to entities other than FRBNY, including those with recourse only to the ML portfolio holdings, were included in other liabilities in this table (and table 1

and table 5).
H.4.1

7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents’ Accounts

Millions of dollars

Wednesday Federal Reserve notes and collateral Nov 18, 2015

Federal Reserve notes outstanding 1,540,980

Less: Notes held by F.R. Banks not subject to collateralization 181,032

Federal Reserve notes to be collateralized 1,359,948

Collateral held against Federal Reserve notes 1,359,948

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,343,711

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,248,123

Less: Face value of securities under reverse repurchase agreements 299,987

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,948,136

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.