FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks June 9, 2016

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Week ended

Jun 8, 2016 Jun 1, 2016 Jun 10, 2015

Wednesday

Jun 8, 2016

Reserve Bank credit 4,423,008 + 1,124 - 5,590 4,423,957

Securities held outright1 4,230,024 + 133 + 10,910 4,230,073

U.S. Treasury securities 2,461,847 + 128 + 1,064 2,461,897

Bills2 0 0 0 0

Notes and bonds, nominal2 2,339,286 - 2,004 - 7,357 2,339,286

Notes and bonds, inflation-indexed2 105,939 + 2,004 + 7,405 105,939

Inflation compensation3 16,621 + 127 + 1,015 16,671

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

Mortgage-backed securities4 1,743,081 + 6 + 20,645 1,743,081

Unamortized premiums on securities held outright5 181,894 - 263 - 17,182 181,790

Unamortized discounts on securities held outright5 -16,039 + 14 + 1,592 -16,028

Repurchase agreements6 0 0 0 0

Loans 93 + 8 - 30 94

Primary credit 4 0 - 2 1

Secondary credit 0 0 0 0

Seasonal credit 89 + 7 - 27 93

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,713 0 + 14 1,713

Float -139 + 655 + 251 -127

Central bank liquidity swaps8 0 - 801 0 0

Other Federal Reserve assets9 25,463 + 1,379 - 1,144 26,442

Foreign currency denominated assets10 21,097 + 411 + 1,378 21,217

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 47,847 + 14 + 934 47,847

Total factors supplying reserve funds 4,508,193 + 1,550 - 3,278 4,509,262

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

1. Factors Affecting Reserve Balances of Depository Institutions (continued)

Millions of dollars

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Week ended

Jun 8, 2016 Jun 1, 2016 Jun 10, 2015

Wednesday

Jun 8, 2016

Currency in circulation11 1,458,234 + 625 + 91,400 1,458,377

Reverse repurchase agreements12 294,244 - 6,621 + 63,045 285,035

Foreign official and international accounts 239,640 - 6,315 + 92,321 243,590

Others 54,604 - 306 - 29,276 41,445

Treasury cash holdings 109 - 3 - 85 94

Deposits with F.R. Banks, other than reserve balances 277,462 - 29,443 + 85,314 269,139

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 236,351 - 31,597 + 57,883 225,116

Foreign official 5,193 + 1 - 48 5,195

Other13 35,918 + 2,152 + 27,479 38,828

Other liabilities and capital14 48,506 + 1,307 - 18,308 47,799

Total factors, other than reserve balances,

absorbing reserve funds 2,078,554 - 34,136 + 221,365 2,060,444

Reserve balances with Federal Reserve Banks 2,429,639 + 35,686 - 224,642 2,448,818

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

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

2. Face value of the securities.

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

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

the securities.

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

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

amortization is on an effective-interest basis.

6. Cash value of agreements.

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

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

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

foreign central bank.

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

Bank premises and equipment net of allowances for depreciation.

10. Revalued daily at current foreign currency exchange rates.

11. Estimated.

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

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

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

Banks as fiscal agents of the United States.

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

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

1A. Memorandum Items

Millions of dollars

Averages of daily figures

Memorandum item Week ended Change from week ended

Jun 8, 2016 Jun 1, 2016 Jun 10, 2015

Wednesday

Jun 8, 2016

Securities held in custody for foreign official and international

accounts 3,241,487 + 11,562 - 115,311 3,226,483

Marketable U.S. Treasury securities1 2,926,269 + 11,004 - 98,953 2,910,927

Federal agency debt and mortgage-backed securities2 265,265 + 148 - 22,250 265,324

Other securities3 49,953 + 409 + 5,892 50,233

Securities lent to dealers 20,339 - 1,681 + 10,207 19,877

Overnight facility4 20,339 - 1,681 + 10,207 19,877

U.S. Treasury securities 20,323 - 1,681 + 10,393 19,869

Federal agency debt securities 16 0 - 186 8

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

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

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

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

securities.

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

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

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, June 8, 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 15 79 0 0 0 ... 94

U.S. Treasury securities1

Holdings 0 37,714 140,383 1,197,972 449,634 636,194 2,461,897

Weekly changes 0 + 6,980 - 6,971 + 21 + 24 + 82 + 136

Federal agency debt securities2

Holdings 0 2,604 13,658 6,487 0 2,347 25,096

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities3

Holdings 0 0 0 927 9,155 1,732,998 1,743,081

Weekly changes 0 0 0 + 41 - 34 - 2 + 5

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

Central bank liquidity swaps5 0 0 0 0 0 0 0

Reverse repurchase agreements4 285,035 0 ... ... ... ... 285,035

Term deposits 0 0 0 ... ... ... 0

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

...Not applicable.

1. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the

original face value of such securities.

2. Face value.

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

4. Cash value of agreements.

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

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

central bank.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Wednesday Account name Jun 8, 2016

Mortgage-backed securities held outright1 1,743,081

Commitments to buy mortgage-backed securities2 43,590

Commitments to sell mortgage-backed securities2 126

Cash and cash equivalents3 8

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

2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls, and coupon swaps.

3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5 and table 6.

4. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Wednesday Account name Jun 8, 2016

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 March 31, 2016. Any assets purchased after this

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

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

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

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

table 5 and table 6.

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

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

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

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

5. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Jun 8, 2016 Jun 1, 2016 Jun 10, 2015

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,839 + 11 + 10

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,395,929 - 146 - 4,670

Securities held outright1 4,230,073 + 140 + 10,938

U.S. Treasury securities 2,461,897 + 136 + 1,094

Bills2 0 0 0

Notes and bonds, nominal2 2,339,286 0 - 7,357

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

Inflation compensation3 16,671 + 135 + 1,045

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

Mortgage-backed securities4 1,743,081 + 5 + 20,644

Unamortized premiums on securities held outright5 181,790 - 322 - 17,162

Unamortized discounts on securities held outright5 -16,028 + 31 + 1,592

Repurchase agreements6 0 0 0

Loans 94 + 5 - 38

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

Items in process of collection (0) 166 - 74 + 84

Bank premises 2,214 0 - 26

Central bank liquidity swaps8 0 - 801 0

Foreign currency denominated assets9 21,217 + 487 + 1,261

Other assets10 24,228 + 2,672 - 1,139

Total assets (0) 4,463,542 + 2,149 - 4,463

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Jun 8, 2016 Jun 1, 2016 Jun 10, 2015

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,412,459 - 1,098 + 90,406

Reverse repurchase agreements11 285,035 - 17,639 + 58,836

Deposits (0) 2,717,957 + 20,127 - 135,574

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,448,818 + 47,849 - 212,843

U.S. Treasury, General Account 225,116 - 34,577 + 52,198

Foreign official 5,195 + 16 - 46

Other12 (0) 38,828 + 6,839 + 25,117

Deferred availability cash items (0) 292 - 276 - 252

Other liabilities and accrued dividends13 7,704 + 1,031 + 277

Total liabilities (0) 4,423,447 + 2,144 + 13,693

Capital accounts

Capital paid in 30,095 + 5 + 970

Surplus 10,000 0 - 19,125

Other capital accounts 0 0 0

Total capital 40,095 + 5 - 18,156

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

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

2. Face value of the securities.

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

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

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

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

amortization is on an effective-interest basis.

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

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

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

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

central bank.

9. Revalued daily at current foreign currency exchange rates.

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

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

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

financial market utilities. Also includes certain deposit accounts other than the U.S. Treasury, General Account, for services provided by the

Reserve Banks as fiscal agents of the United States.

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

6. Statement of Condition of Each Federal Reserve Bank, June 8, 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 1,839 51 60 131 136 294 185 273 23 52 147 185 304

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,395,929 107,985 2,501,525 119,357 131,648 268,646 246,036 175,164 55,511 32,439 61,193 156,469 539,957

Securities held outright1 4,230,073 103,913 2,407,196 114,856 126,684 258,515 236,754 168,547 53,387 31,186 58,872 150,568 519,596

U.S. Treasury securities 2,461,897 60,477 1,400,985 66,846 73,730 150,456 137,790 98,094 31,071 18,150 34,263 87,631 302,404

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

Notes and bonds3 2,461,897 60,477 1,400,985 66,846 73,730 150,456 137,790 98,094 31,071 18,150 34,263 87,631 302,404

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

Mortgage-backed securities4 1,743,081 42,819 991,930 47,328 52,202 106,526 97,559 69,453 21,999 12,851 24,259 62,044 214,109

Unamortized premiums on securities 

held outright5 181,790 4,466 103,450 4,936 5,444 11,110 10,175 7,243 2,294 1,340 2,530 6,471 22,330

Unamortized discounts on securities 

held outright5 -16,028 -394 -9,121 -435 -480 -980 -897 -639 -202 -118 -223 -571 -1,969

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

Loans 94 0 0 0 0 0 5 12 32 31 14 0 0

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 166 0 0 0 0 0 165 0 0 0 0 0 0

Bank premises 2,214 120 429 74 105 208 207 202 116 90 241 225 197

Central bank liquidity swaps8 0 0 0 0 0 0 0 0 0 0 0 0 0

Foreign currency denominated

assets9 21,217 938 7,002 1,167 1,616 4,731 1,178 569 218 91 212 269 3,227

Other assets10 24,228 626 13,251 658 725 1,640 1,371 978 520 204 380 894 2,981

Interdistrict settlement account 0 - 20,043 - 16,017 - 1,375 - 4,794 - 10,768 + 6,701 + 4,835 + 989 - 1,041 - 2,139 + 11,620 + 32,032

Total assets 4,463,542 90,227 2,513,369 120,580 130,258 265,923 258,037 183,198 57,887 32,118 60,482 170,818 580,643

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

6. Statement of Condition of Each Federal Reserve Bank, June 8, 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 1,583,055 49,674 505,926 49,639 81,783 109,340 222,439 106,859 50,768 27,272 40,251 132,158 206,945

Less: Notes held by F.R. Banks 170,596 5,223 55,506 5,746 8,955 11,976 24,653 10,013 4,819 2,717 5,058 13,542 22,387

Federal Reserve notes, net 1,412,459 44,451 450,420 43,893 72,828 97,365 197,785 96,846 45,949 24,555 35,193 118,616 184,558

Reverse repurchase agreements11 285,035 7,002 162,204 7,739 8,536 17,420 15,953 11,357 3,597 2,101 3,967 10,146 35,012

Deposits 2,717,957 36,814 1,883,631 66,516 45,562 141,612 41,544 73,164 7,763 4,933 20,778 41,267 354,373

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 2,448,818 36,804 1,621,835 66,514 45,559 141,423 41,535 66,058 7,753 4,933 20,777 41,266 354,362

U.S. Treasury, General Account 225,116 0 225,116 0 0 0 0 0 0 0 0 0 0

Foreign official 5,195 2 5,168 2 3 9 2 1 0 0 0 1 6

Other12 38,828 8 31,512 0 0 180 7 7,105 10 0 1 1 5

Deferred availability cash items 292 0 0 0 0 0 82 0 0 210 0 0 0

Earnings remittances due to the U.S.

Treasury13 2,504 62 1,362 77 97 202 139 88 25 16 32 80 323

Other liabilities and accrued

dividends 5,200 151 2,616 193 197 514 317 254 135 132 119 201 369

Total liabilities 4,423,447 88,481 2,500,233 118,418 127,220 257,112 255,821 181,710 57,469 31,948 60,090 170,309 574,636

Capital

Capital paid in 30,095 1,305 9,837 1,612 2,276 6,581 1,661 1,220 315 128 292 382 4,486

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

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

Total liabilities and capital 4,463,542 90,227 2,513,369 120,580 130,258 265,923 258,037 183,198 57,887 32,118 60,482 170,818 580,643

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

6. Statement of Condition of Each Federal Reserve Bank, June 8, 2016 (continued)

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

2. Face value of the securities.

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

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

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

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

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

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

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

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

9. Revalued daily at current foreign currency exchange rates.

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

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

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

deposit accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks as fiscal agents of the United States.

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

providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $10 billion surplus.

Note on consolidation:

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

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

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

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

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

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

and table 5).
H.4.1

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

Millions of dollars

Wednesday Federal Reserve notes and collateral Jun 8, 2016

Federal Reserve notes outstanding 1,583,055

Less: Notes held by F.R. Banks not subject to collateralization 170,596

Federal Reserve notes to be collateralized 1,412,459

Collateral held against Federal Reserve notes 1,412,459

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,396,222

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,230,073

Less: Face value of securities under reverse repurchase agreements 266,601

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,963,473

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.