FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks November 8, 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

Nov 7, 2018 Oct 31, 2018 Nov 8, 2017

Wednesday

Nov 7, 2018

Reserve Bank credit 4,102,109 - 19,180 - 316,076 4,102,981

Securities held outright1 3,941,820 - 20,399 - 295,494 3,941,834

U.S. Treasury securities 2,270,422 - 20,399 - 189,505 2,270,436

Bills2 53 0 + 53 53

Notes and bonds, nominal2 2,132,762 - 20,428 - 198,439 2,132,762

Notes and bonds, inflation-indexed2 115,579 0 + 6,042 115,579

Inflation compensation3 22,029 + 30 + 2,840 22,043

Federal agency debt securities2 2,409 0 - 4,348 2,409

Mortgage-backed securities4 1,668,989 0 - 101,641 1,668,989

Unamortized premiums on securities held outright5 143,081 - 250 - 18,036 143,010

Unamortized discounts on securities held outright5 -13,521 + 30 + 771 -13,510

Repurchase agreements6 0 0 - 9 0

Loans 101 - 86 + 48 103

Primary credit 10 - 4 + 9 16

Secondary credit 0 0 0 0

Seasonal credit 91 - 82 + 39 87

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 7 0 - 1,705 7

Float -146 + 206 + 159 -133

Central bank liquidity swaps8 80 0 + 43 79

Other Federal Reserve assets9 30,687 + 1,319 - 1,853 31,590

Foreign currency denominated assets10 20,678 - 33 - 197 20,717

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 49,843 + 14 + 580 49,843

Total factors supplying reserve funds 4,188,872 - 19,198 - 315,692 4,189,782

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 7, 2018 Oct 31, 2018 Nov 8, 2017

Wednesday

Nov 7, 2018

Currency in circulation11 1,696,737 + 5,305 + 106,569 1,699,134

Reverse repurchase agreements12 228,627 + 4,867 - 61,905 230,838

Foreign official and international accounts 226,477 + 4,894 - 428 228,963

Others 2,150 - 26 - 61,476 1,875

Treasury cash holdings 232 + 2 + 3 230

Deposits with F.R. Banks, other than reserve balances 391,941 - 54,171 + 128,705 385,410

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 319,984 - 53,384 + 142,204 316,157

Foreign official 5,256 - 45 + 89 5,257

Other13 66,700 - 743 - 13,589 63,995

Other liabilities and capital14 45,203 + 920 - 3,268 45,346

Total factors, other than reserve balances,

absorbing reserve funds 2,362,741 - 43,076 + 170,106 2,360,958

Reserve balances with Federal Reserve Banks 1,826,131 + 23,879 - 485,798 1,828,825

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

Nov 7, 2018 Oct 31, 2018 Nov 8, 2017

Wednesday

Nov 7, 2018

Securities held in custody for foreign official and international

accounts 3,415,094 + 639 + 41,747 3,421,359

Marketable U.S. Treasury securities1 3,042,700 + 185 - 2,932 3,048,974

Federal agency debt and mortgage-backed securities2 306,038 + 614 + 43,387 306,038

Other securities3 66,356 - 159 + 1,291 66,347

Securities lent to dealers 18,610 + 2,990 - 6,643 16,676

Overnight facility4 18,610 + 2,990 - 6,643 16,676

U.S. Treasury securities 18,610 + 2,990 - 6,643 16,676

Federal agency debt securities 0 0 0 0

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 7, 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 36 67 0 0 0 ... 103

U.S. Treasury securities1

Holdings 34,357 59,402 310,003 985,378 264,108 617,188 2,270,436

Weekly changes 0 + 14,191 - 14,190 + 6 + 13 + 18 + 37

Federal agency debt securities2

Holdings 0 0 62 0 0 2,347 2,409

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities3

Holdings 0 0 2 202 62,179 1,606,605 1,668,989

Weekly changes 0 0 0 + 13 + 13,477 - 13,491 0

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

Central bank liquidity swaps5 79 0 0 0 0 0 79

Reverse repurchase agreements4 230,838 0 ... ... ... ... 230,838

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 7, 2018

Mortgage-backed securities held outright1 1,668,989

Commitments to buy mortgage-backed securities2 2,966

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 1

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 7, 2018

Net portfolio holdings of Maiden Lane LLC1 7

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.

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 7, 2018 Oct 31, 2018 Nov 8, 2017

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,733 - 4 - 112

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,071,437 - 287 - 312,828

Securities held outright1 3,941,834 + 37 - 295,539

U.S. Treasury securities 2,270,436 + 37 - 189,549

Bills2 53 0 + 53

Notes and bonds, nominal2 2,132,762 0 - 198,439

Notes and bonds, inflation-indexed2 115,579 0 + 6,042

Inflation compensation3 22,043 + 38 + 2,796

Federal agency debt securities2 2,409 0 - 4,348

Mortgage-backed securities4 1,668,989 0 - 101,641

Unamortized premiums on securities held outright5 143,010 - 227 - 18,042

Unamortized discounts on securities held outright5 -13,510 + 30 + 771

Repurchase agreements6 0 0 - 65

Loans 103 - 127 + 47

Net portfolio holdings of Maiden Lane LLC7 7 0 - 1,705

Items in process of collection (0) 134 - 12 + 25

Bank premises 2,186 - 24 - 15

Central bank liquidity swaps8 79 - 1 + 42

Foreign currency denominated assets9 20,717 + 91 - 149

Other assets10 29,404 + 2,440 - 1,876

Total assets (0) 4,141,936 + 2,205 - 316,616

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 7, 2018 Oct 31, 2018 Nov 8, 2017

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,651,250 + 3,084 + 106,694

Reverse repurchase agreements11 230,838 - 5,692 - 70,298

Deposits (0) 2,214,234 + 4,152 - 349,830

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 1,828,825 + 57,284 - 488,785

U.S. Treasury, General Account 316,157 - 50,439 + 155,720

Foreign official 5,257 0 + 91

Other12 (0) 63,995 - 2,693 - 16,856

Deferred availability cash items (0) 267 - 755 - 254

Other liabilities and accrued dividends13 6,232 + 1,399 - 806

Total liabilities (0) 4,102,822 + 2,188 - 314,493

Capital accounts

Capital paid in 32,289 + 18 + 1,052

Surplus 6,825 0 - 3,175

Other capital accounts 0 0 0

Total capital 39,114 + 18 - 2,123

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, November 7, 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 11,037 364 3,626 350 544 773 1,491 739 334 199 307 905 1,405

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

Coin 1,733 45 34 155 121 234 180 290 30 44 107 199 295

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,071,437 77,758 2,247,704 102,793 115,424 240,926 244,395 218,065 54,231 34,009 64,102 168,349 503,681

Securities held outright1 3,941,834 75,285 2,176,198 99,523 111,752 233,262 236,616 211,116 52,479 32,895 62,054 162,994 487,661

U.S. Treasury securities 2,270,436 43,363 1,253,457 57,324 64,368 134,356 136,287 121,600 30,227 18,947 35,742 93,882 280,885

Bills2 53 1 29 1 2 3 3 3 1 0 1 2 7

Notes and bonds3 2,270,383 43,362 1,253,427 57,322 64,366 134,352 136,284 121,597 30,226 18,946 35,741 93,880 280,878

Federal agency debt securities2 2,409 46 1,330 61 68 143 145 129 32 20 38 100 298

Mortgage-backed securities4 1,668,989 31,876 921,411 42,138 47,316 98,764 100,184 89,387 22,220 13,928 26,274 69,012 206,477

Unamortized premiums on securities 

held outright5 143,010 2,731 78,952 3,611 4,054 8,463 8,584 7,659 1,904 1,193 2,251 5,913 17,692

Unamortized discounts on securities 

held outright5 -13,510 -258 -7,459 -341 -383 -799 -811 -724 -180 -113 -213 -559 -1,671

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

Loans 103 0 12 0 0 0 6 13 28 34 10 0 0

Net portfolio holdings of Maiden

Lane LLC7 7 0 7 0 0 0 0 0 0 0 0 0 0

Items in process of collection 134 0 0 0 0 0 134 0 0 0 0 0 0

Bank premises 2,186 108 448 79 117 195 206 195 106 95 233 219 187

Central bank liquidity swaps8 79 3 25 5 6 17 5 3 1 0 1 1 12

Foreign currency denominated

assets9 20,717 882 6,532 1,177 1,672 4,475 1,197 878 299 95 205 256 3,049

Other assets10 29,404 599 15,783 736 849 1,939 1,766 1,549 488 317 534 1,243 3,602

Interdistrict settlement account 0 + 2,321 - 29,666 - 4,720 + 1,494 + 266 + 33,161 + 1,264 + 5,364 + 1,906 - 4,247 + 12,280 - 19,423

Total assets 4,141,936 82,277 2,246,311 100,784 120,463 249,237 283,189 223,407 61,002 36,755 61,395 183,734 493,382

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 7, 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 1,852,426 58,337 616,200 54,804 88,724 125,595 262,889 120,845 55,706 31,407 49,818 150,443 237,657

Less: Notes held by F.R. Banks 201,175 6,281 60,373 7,306 9,273 14,128 29,964 13,024 5,569 2,918 5,764 17,430 29,145

Federal Reserve notes, net 1,651,250 52,056 555,826 47,498 79,451 111,467 232,924 107,822 50,138 28,490 44,053 133,014 208,512

Reverse repurchase agreements11 230,838 4,409 127,440 5,828 6,544 13,660 13,856 12,363 3,073 1,926 3,634 9,545 28,558

Deposits 2,214,234 23,969 1,547,991 44,955 31,072 115,084 33,574 101,195 7,034 5,861 13,152 40,404 249,943

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 1,828,825 23,939 1,209,331 44,952 31,028 114,589 33,536 55,252 7,026 5,807 13,139 40,289 249,936

U.S. Treasury, General Account 316,157 0 316,157 0 0 0 0 0 0 0 0 0 0

Foreign official 5,257 2 5,230 2 3 9 2 2 1 0 0 0 6

Other12 63,995 28 17,274 1 41 486 35 45,941 7 54 13 115 1

Deferred availability cash items 267 0 0 0 0 0 129 0 0 138 0 0 0

Earnings remittances due to the U.S.

Treasury13 1,309 27 679 34 48 76 104 65 22 12 23 62 157

Other liabilities and accrued

dividends 4,924 182 1,934 213 221 585 327 324 146 151 152 226 462

Total liabilities 4,102,822 80,643 2,233,871 98,528 117,335 240,873 280,914 221,769 60,413 36,578 61,015 183,251 487,632

Capital

Capital paid in 32,289 1,343 10,289 1,868 2,577 6,890 1,880 1,349 491 146 312 398 4,745

Surplus 6,825 290 2,151 388 551 1,474 394 289 98 31 68 84 1,005

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

Total liabilities and capital 4,141,936 82,277 2,246,311 100,784 120,463 249,237 283,189 223,407 61,002 36,755 61,395 183,734 493,382

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 7, 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 $6.825 billion surplus.

Note on consolidation:

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

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

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

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

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

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

and table 5).
H.4.1

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

Millions of dollars

Wednesday Federal Reserve notes and collateral Nov 7, 2018

Federal Reserve notes outstanding 1,852,426

Less: Notes held by F.R. Banks not subject to collateralization 201,175

Federal Reserve notes to be collateralized 1,651,250

Collateral held against Federal Reserve notes 1,651,250

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,635,013

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 3,941,834

Less: Face value of securities under reverse repurchase agreements 229,816

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,712,017

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.