FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks February 15, 2018

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Week ended

Feb 14, 2018 Feb 7, 2018 Feb 15, 2017

Wednesday

Feb 14, 2018

Reserve Bank credit 4,385,073 + 5,614 - 39,420 4,394,201

Securities held outright1 4,204,502 + 3,168 - 27,536 4,212,491

U.S. Treasury securities 2,436,180 - 19 - 27,262 2,436,173

Bills2 0 0 0 0

Notes and bonds, nominal2 2,307,591 0 - 33,791 2,307,591

Notes and bonds, inflation-indexed2 109,413 0 + 4,483 109,413

Inflation compensation3 19,175 - 19 + 2,045 19,168

Federal agency debt securities2 4,391 0 - 11,210 4,391

Mortgage-backed securities4 1,763,931 + 3,188 + 10,937 1,771,927

Unamortized premiums on securities held outright5 156,996 - 166 - 13,944 157,095

Unamortized discounts on securities held outright5 -14,045 + 29 + 992 -14,036

Repurchase agreements6 0 0 0 0

Loans 18 + 1 + 7 17

Primary credit 3 - 5 - 3 2

Secondary credit 0 0 0 0

Seasonal credit 15 + 6 + 10 16

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,715 0 + 10 1,715

Float -156 - 10 + 161 -122

Central bank liquidity swaps8 62 + 23 - 174 62

Other Federal Reserve assets9 35,981 + 2,568 + 1,064 36,978

Foreign currency denominated assets10 22,019 - 28 + 2,189 22,248

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 49,465 + 14 + 817 49,465

Total factors supplying reserve funds 4,472,799 + 5,601 - 36,413 4,482,155

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

Feb 14, 2018 Feb 7, 2018 Feb 15, 2017

Wednesday

Feb 14, 2018

Currency in circulation11 1,613,666 + 4,615 + 106,918 1,616,273

Reverse repurchase agreements12 266,153 - 11,002 - 72,284 268,400

Foreign official and international accounts 229,688 - 1,758 - 23,374 229,882

Others 36,466 - 9,243 - 48,909 38,518

Treasury cash holdings 274 + 6 + 43 279

Deposits with F.R. Banks, other than reserve balances 290,772 + 1,853 - 77,594 293,278

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 197,681 - 6,255 - 112,238 180,845

Foreign official 5,256 + 2 + 82 5,254

Other13 87,835 + 8,106 + 34,563 107,178

Other liabilities and capital14 48,005 + 1,044 - 513 47,958

Total factors, other than reserve balances,

absorbing reserve funds 2,218,870 - 3,484 - 43,430 2,226,188

Reserve balances with Federal Reserve Banks 2,253,929 + 9,084 + 7,017 2,255,967

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

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

2. Face value of the securities.

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

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

the securities.

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

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

basis.

6. Cash value of agreements.

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

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

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

foreign central bank.

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

Bank premises and equipment net of allowances for depreciation.

10. Revalued daily at current foreign currency exchange rates.

11. Estimated.

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

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

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

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

as fiscal agents of the United States.

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

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

1A. Memorandum Items

Millions of dollars

Averages of daily figures

Memorandum item Week ended Change from week ended

Feb 14, 2018 Feb 7, 2018 Feb 15, 2017

Wednesday

Feb 14, 2018

Securities held in custody for foreign official and international

accounts 3,398,666 + 11,122 + 229,548 3,401,983

Marketable U.S. Treasury securities1 3,056,948 + 11,010 + 209,478 3,060,064

Federal agency debt and mortgage-backed securities2 262,523 + 117 + 3,313 262,664

Other securities3 79,195 - 5 + 16,757 79,254

Securities lent to dealers 28,455 + 1,964 + 11,526 28,177

Overnight facility4 28,455 + 1,964 + 11,526 28,177

U.S. Treasury securities 28,455 + 1,964 + 11,574 28,173

Federal agency debt securities 1 + 1 - 47 4

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, February 14, 2018

Millions of dollars

Remaining Maturity Within 15

days

16 days to

90 days

91 days to

1 year

Over 1 year

to 5 years

Over 5 year

to 10 years

Over 10

years

All

Loans 17 0 0 0 0 ... 17

U.S. Treasury securities1

Holdings 48,610 92,002 270,849 1,107,777 295,684 621,252 2,436,173

Weekly changes + 32,047 - 5,819 - 26,228 + 26,470 - 26,477 - 11 - 19

Federal agency debt securities2

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

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities3

Holdings 0 0 1 177 36,828 1,734,920 1,771,927

Weekly changes 0 0 0 0 0 + 11,183 + 11,184

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

Central bank liquidity swaps5 62 0 0 0 0 0 62

Reverse repurchase agreements4 268,400 0 ... ... ... ... 268,400

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 Feb 14, 2018

Mortgage-backed securities held outright1 1,771,927

Commitments to buy mortgage-backed securities2 16,070

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 Feb 14, 2018

Net portfolio holdings of Maiden Lane LLC1 1,715

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

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

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

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

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

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

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

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

table 5 and table 6.

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

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

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

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

5. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Feb 14, 2018 Feb 7, 2018 Feb 15, 2017

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,954 - 3 - 16

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,355,567 + 11,194 - 38,334

Securities held outright1 4,212,491 + 11,164 - 25,484

U.S. Treasury securities 2,436,173 - 19 - 27,273

Bills2 0 0 0

Notes and bonds, nominal2 2,307,591 0 - 33,791

Notes and bonds, inflation-indexed2 109,413 0 + 4,483

Inflation compensation3 19,168 - 19 + 2,035

Federal agency debt securities2 4,391 0 - 10,438

Mortgage-backed securities4 1,771,927 + 11,184 + 12,227

Unamortized premiums on securities held outright5 157,095 + 17 - 13,877

Unamortized discounts on securities held outright5 -14,036 + 27 + 1,025

Repurchase agreements6 0 0 0

Loans 17 - 14 + 2

Net portfolio holdings of Maiden Lane LLC7 1,715 0 + 10

Items in process of collection (0) 100 - 44 - 6

Bank premises 2,202 + 3 + 3

Central bank liquidity swaps8 62 + 23 - 174

Foreign currency denominated assets9 22,248 + 328 + 2,492

Other assets10 34,776 + 2,614 + 16,210

Total assets (0) 4,434,863 + 14,118 - 19,813

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

Feb 14, 2018 Feb 7, 2018 Feb 15, 2017

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,569,037 + 3,704 + 106,608

Reverse repurchase agreements11 268,400 - 12,140 - 95,509

Deposits (0) 2,549,245 + 21,297 - 31,776

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,255,967 + 15,953 + 1,696

U.S. Treasury, General Account 180,845 - 21,376 - 93,333

Foreign official 5,254 + 1 + 72

Other12 (0) 107,178 + 26,718 + 59,787

Deferred availability cash items (0) 223 - 59 - 224

Other liabilities and accrued dividends13 6,385 + 1,247 + 20

Total liabilities (0) 4,393,290 + 14,048 - 20,881

Capital accounts

Capital paid in 31,573 + 70 + 1,068

Surplus 10,000 0 0

Other capital accounts 0 0 0

Total capital 41,573 + 70 + 1,068

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

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

2. Face value of the securities.

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

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

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

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

basis.

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

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

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

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

central bank.

9. Revalued daily at current foreign currency exchange rates.

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

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

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

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

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

as fiscal agents of the United States.

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

6. Statement of Condition of Each Federal Reserve Bank, February 14, 2018

Millions of dollars

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

Assets

Gold certificate account 11,037 349 3,592 348 553 776 1,520 737 341 191 292 916 1,422

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

Coin 1,954 56 50 196 134 279 201 310 40 51 115 209 313

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,355,567 84,863 2,452,575 112,458 126,307 255,194 256,384 183,202 58,080 33,961 61,772 174,366 556,406

Securities held outright1 4,212,491 82,075 2,372,019 108,765 122,158 246,812 247,963 177,172 56,173 32,843 59,743 168,639 538,130

U.S. Treasury securities 2,436,173 47,466 1,371,789 62,901 70,647 142,737 143,402 102,462 32,486 18,994 34,551 97,527 311,212

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

Notes and bonds3 2,436,173 47,466 1,371,789 62,901 70,647 142,737 143,402 102,462 32,486 18,994 34,551 97,527 311,212

Federal agency debt securities2 4,391 86 2,473 113 127 257 258 185 59 34 62 176 561

Mortgage-backed securities4 1,771,927 34,524 997,757 45,750 51,384 103,818 104,302 74,525 23,628 13,815 25,130 70,936 226,357

Unamortized premiums on securities 

held outright5 157,095 3,061 88,459 4,056 4,556 9,204 9,247 6,607 2,095 1,225 2,228 6,289 20,068

Unamortized discounts on securities 

held outright5 -14,036 -273 -7,904 -362 -407 -822 -826 -590 -187 -109 -199 -562 -1,793

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

Loans 17 0 0 0 0 0 0 13 0 3 0 0 1

Net portfolio holdings of Maiden

Lane LLC7 1,715 0 1,715 0 0 0 0 0 0 0 0 0 0

Items in process of collection 100 0 0 0 0 0 100 0 0 0 0 0 0

Bank premises 2,202 113 446 73 121 197 204 202 109 87 236 221 192

Central bank liquidity swaps8 62 3 20 3 5 13 4 3 1 0 1 1 9

Foreign currency denominated

assets9 22,248 964 7,126 1,196 1,812 4,808 1,298 931 243 94 216 284 3,276

Other assets10 34,776 721 19,051 892 1,021 2,274 2,074 1,463 572 288 575 1,447 4,397

Interdistrict settlement account 0 - 2,549 - 8,362 - 5,851 - 8,727 - 1,188 + 11,912 + 41,319 - 2,366 + 1,430 + 5,358 - 4,579 - 26,397

Total assets 4,434,863 84,716 2,478,029 109,527 121,464 262,766 274,349 228,591 57,170 36,194 68,717 173,147 540,193

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, February 14, 2018 (continued)

Millions of dollars

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

Liabilities

Federal Reserve notes outstanding 1,759,729 57,094 595,277 54,006 83,656 119,117 243,375 115,325 52,380 30,969 47,683 140,184 220,664

Less: Notes held by F.R. Banks 190,692 7,212 47,318 7,026 10,536 15,726 26,191 13,545 6,029 3,705 6,260 18,816 28,328

Federal Reserve notes, net 1,569,037 49,881 547,959 46,980 73,120 103,391 217,184 101,781 46,351 27,265 41,423 121,368 192,336

Reverse repurchase agreements11 268,400 5,229 151,134 6,930 7,783 15,726 15,799 11,289 3,579 2,093 3,807 10,745 34,287

Deposits 2,549,245 27,633 1,763,064 52,943 36,952 133,985 38,491 113,396 6,484 6,342 22,912 40,235 306,806

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 2,255,967 27,626 1,528,864 52,941 36,948 133,744 38,482 54,599 6,477 6,342 22,911 40,233 306,800

U.S. Treasury, General Account 180,845 0 180,845 0 0 0 0 0 0 0 0 0 0

Foreign official 5,254 2 5,227 2 3 9 2 2 0 0 0 1 6

Other12 107,178 5 48,127 0 0 232 7 58,796 7 0 1 2 1

Deferred availability cash items 223 0 0 0 0 0 68 0 0 154 0 0 0

Earnings remittances due to the U.S.

Treasury13 1,672 42 857 51 68 144 116 57 22 11 19 66 218

Other liabilities and accrued

dividends 4,714 169 1,959 194 199 504 310 313 134 138 147 220 428

Total liabilities 4,393,290 82,956 2,464,972 107,097 118,122 253,750 271,968 226,835 56,571 36,003 68,307 172,634 534,075

Capital

Capital paid in 31,573 1,335 9,905 1,861 2,535 6,856 1,804 1,332 455 145 310 390 4,645

Surplus 10,000 426 3,152 568 807 2,160 578 424 144 46 99 124 1,472

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

Total liabilities and capital 4,434,863 84,716 2,478,029 109,527 121,464 262,766 274,349 228,591 57,170 36,194 68,717 173,147 540,193

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, February 14, 2018 (continued)

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

2. Face value of the securities.

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

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

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

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

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

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

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

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

9. Revalued daily at current foreign currency exchange rates.

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

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

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

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

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

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

providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $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 Feb 14, 2018

Federal Reserve notes outstanding 1,759,729

Less: Notes held by F.R. Banks not subject to collateralization 190,692

Federal Reserve notes to be collateralized 1,569,037

Collateral held against Federal Reserve notes 1,569,037

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,552,800

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,212,491

Less: Face value of securities under reverse repurchase agreements 267,506

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,944,985

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.