FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks July 5, 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

Jul 4, 2018 Jun 27, 2018 Jul 5, 2017

Wednesday

Jul 4, 2018

Reserve Bank credit 4,259,935 - 12,585 - 167,022 4,250,190

Securities held outright1 4,094,291 - 13,449 - 149,169 4,084,058

U.S. Treasury securities 2,370,610 - 7,593 - 94,472 2,360,377

Bills2 0 0 0 0

Notes and bonds, nominal2 2,234,447 - 7,714 - 103,249 2,224,161

Notes and bonds, inflation-indexed2 114,860 0 + 6,213 114,860

Inflation compensation3 21,304 + 121 + 2,565 21,356

Federal agency debt securities2 2,409 0 - 5,688 2,409

Mortgage-backed securities4 1,721,272 - 5,855 - 49,009 1,721,272

Unamortized premiums on securities held outright5 149,580 - 419 - 16,339 149,476

Unamortized discounts on securities held outright5 -13,923 + 13 + 825 -13,932

Repurchase agreements6 0 0 0 0

Loans 208 + 42 + 69 169

Primary credit 38 + 31 + 12 5

Secondary credit 0 0 0 0

Seasonal credit 170 + 11 + 57 164

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,711 - 2 + 2 1,711

Float -457 - 235 + 170 -199

Central bank liquidity swaps8 1,091 + 1,001 - 1,979 1,091

Other Federal Reserve assets9 27,433 + 462 - 602 27,816

Foreign currency denominated assets10 21,149 - 24 + 393 21,147

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 49,699 + 14 + 713 49,699

Total factors supplying reserve funds 4,347,025 - 12,595 - 165,915 4,337,277

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

Jul 4, 2018 Jun 27, 2018 Jul 5, 2017

Wednesday

Jul 4, 2018

Currency in circulation11 1,668,649 + 6,409 + 105,719 1,672,170

Reverse repurchase agreements12 300,216 + 47,697 - 264,348 264,605

Foreign official and international accounts 249,763 + 4,309 + 2,000 259,753

Others 50,453 + 43,388 - 266,348 4,852

Treasury cash holdings 197 - 16 + 11 195

Deposits with F.R. Banks, other than reserve balances 414,821 - 44,478 + 153,730 400,120

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 336,026 - 37,914 + 159,020 325,543

Foreign official 5,277 + 21 + 112 5,254

Other13 73,518 - 6,585 - 5,401 69,323

Other liabilities and capital14 45,154 + 653 - 2,677 45,977

Total factors, other than reserve balances,

absorbing reserve funds 2,429,038 + 10,265 - 7,562 2,383,067

Reserve balances with Federal Reserve Banks 1,917,987 - 22,860 - 158,353 1,954,210

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

Jul 4, 2018 Jun 27, 2018 Jul 5, 2017

Wednesday

Jul 4, 2018

Securities held in custody for foreign official and international

accounts 3,395,825 - 3,824 + 79,711 3,401,867

Marketable U.S. Treasury securities1 3,032,272 - 6,143 + 39,011 3,038,269

Federal agency debt and mortgage-backed securities2 291,292 + 2,191 + 30,530 291,292

Other securities3 72,261 + 129 + 10,170 72,306

Securities lent to dealers 20,983 + 46 - 4,082 19,611

Overnight facility4 20,983 + 46 - 4,082 19,611

U.S. Treasury securities 20,983 + 46 - 4,081 19,611

Federal agency debt securities 0 0 - 1 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, July 4, 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 59 110 0 0 0 ... 169

U.S. Treasury securities1

Holdings 1,132 93,310 307,879 1,042,539 295,992 619,525 2,360,377

Weekly changes - 29,322 + 17,875 + 2,458 - 8,632 - 313 + 61 - 17,873

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 0 147 39,170 1,681,954 1,721,272

Weekly changes 0 0 0 + 4 - 4 0 + 1

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

Central bank liquidity swaps5 1,091 0 0 0 0 0 1,091

Reverse repurchase agreements4 264,605 0 ... ... ... ... 264,605

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 Jul 4, 2018

Mortgage-backed securities held outright1 1,721,272

Commitments to buy mortgage-backed securities2 12,766

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 10

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 Jul 4, 2018

Net portfolio holdings of Maiden Lane LLC1 1,711

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

Jul 4, 2018 Jun 27, 2018 Jul 5, 2017

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,756 - 17 - 40

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,219,771 - 18,148 - 174,881

Securities held outright1 4,084,058 - 17,872 - 159,416

U.S. Treasury securities 2,360,377 - 17,873 - 104,719

Bills2 0 0 0

Notes and bonds, nominal2 2,224,161 - 18,000 - 113,448

Notes and bonds, inflation-indexed2 114,860 0 + 6,126

Inflation compensation3 21,356 + 127 + 2,603

Federal agency debt securities2 2,409 0 - 5,688

Mortgage-backed securities4 1,721,272 + 1 - 49,009

Unamortized premiums on securities held outright5 149,476 - 257 - 16,311

Unamortized discounts on securities held outright5 -13,932 - 8 + 806

Repurchase agreements6 0 0 0

Loans 169 - 12 + 39

Net portfolio holdings of Maiden Lane LLC7 1,711 + 1 + 2

Items in process of collection (0) 236 + 47 + 120

Bank premises 2,182 - 6 - 15

Central bank liquidity swaps8 1,091 + 1,001 - 1,979

Foreign currency denominated assets9 21,147 + 54 + 519

Other assets10 25,634 + 1,343 - 1,232

Total assets (0) 4,289,764 - 15,727 - 177,508

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

Jul 4, 2018 Jun 27, 2018 Jul 5, 2017

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,624,417 + 6,828 + 105,452

Reverse repurchase agreements11 264,605 + 3,768 - 222,133

Deposits (0) 2,354,330 - 27,645 - 59,236

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 1,954,210 + 13,294 - 215,440

U.S. Treasury, General Account 325,543 - 36,632 + 160,499

Foreign official 5,254 - 2 + 90

Other12 (0) 69,323 - 4,306 - 4,385

Deferred availability cash items (0) 434 - 324 - 219

Other liabilities and accrued dividends13 7,076 + 1,645 + 573

Total liabilities (0) 4,250,863 - 15,726 - 175,563

Capital accounts

Capital paid in 32,076 0 + 1,230

Surplus 6,825 0 - 3,175

Other capital accounts 0 0 0

Total capital 38,901 0 - 1,945

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, July 4, 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 1,756 37 41 166 117 253 190 284 25 47 104 189 303

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,219,771 80,590 2,329,547 106,536 119,627 249,700 253,303 226,012 56,255 35,260 66,429 174,482 522,029

Securities held outright1 4,084,058 78,001 2,254,716 103,114 115,784 241,679 245,153 218,733 54,372 34,081 64,293 168,875 505,256

U.S. Treasury securities 2,360,377 45,081 1,303,111 59,595 66,917 139,678 141,686 126,417 31,424 19,697 37,158 97,601 292,012

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

Notes and bonds3 2,360,377 45,081 1,303,111 59,595 66,917 139,678 141,686 126,417 31,424 19,697 37,158 97,601 292,012

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

Mortgage-backed securities4 1,721,272 32,874 950,276 43,459 48,799 101,858 103,322 92,188 22,916 14,364 27,097 71,174 212,946

Unamortized premiums on securities 

held outright5 149,476 2,855 82,522 3,774 4,238 8,845 8,973 8,006 1,990 1,247 2,353 6,181 18,492

Unamortized discounts on securities 

held outright5 -13,932 -266 -7,692 -352 -395 -824 -836 -746 -185 -116 -219 -576 -1,724

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

Loans 169 0 0 0 0 0 14 19 79 47 2 2 5

Net portfolio holdings of Maiden

Lane LLC7 1,711 0 1,711 0 0 0 0 0 0 0 0 0 0

Items in process of collection 236 0 0 0 0 0 236 0 0 0 0 0 0

Bank premises 2,182 109 442 74 118 196 203 198 107 95 233 219 189

Central bank liquidity swaps8 1,091 46 344 62 88 236 63 46 16 5 11 14 161

Foreign currency denominated

assets9 21,147 900 6,668 1,201 1,707 4,568 1,222 896 305 97 210 262 3,112

Other assets10 25,634 523 13,700 644 741 1,733 1,540 1,353 424 279 470 1,072 3,153

Interdistrict settlement account 0 + 14,898 + 28,381 - 4,449 + 1,140 + 7,535 + 30,184 - 16,914 - 167 - 929 - 4,663 - 2,964 - 52,052

Total assets 4,289,764 97,662 2,386,278 104,794 124,319 265,405 289,086 213,039 57,450 35,143 63,253 174,461 478,874

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, July 4, 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 1,791,080 58,961 606,726 53,774 87,303 124,947 260,047 113,053 51,849 30,343 46,976 139,417 217,684

Less: Notes held by F.R. Banks 166,662 5,564 43,055 6,303 8,677 13,175 26,230 11,304 5,247 2,890 5,219 15,270 23,728

Federal Reserve notes, net 1,624,417 53,397 563,671 47,471 78,626 111,773 233,816 101,748 46,603 27,452 41,757 124,147 193,956

Reverse repurchase agreements11 264,605 5,054 146,082 6,681 7,502 15,658 15,883 14,172 3,523 2,208 4,166 10,941 32,735

Deposits 2,354,330 37,368 1,660,972 48,141 34,818 128,999 36,395 95,056 6,556 4,948 16,772 38,539 245,766

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 1,954,210 37,325 1,310,476 48,138 34,687 128,708 36,360 46,181 6,552 4,883 16,733 38,407 245,759

U.S. Treasury, General Account 325,543 0 325,543 0 0 0 0 0 0 0 0 0 0

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

Other12 69,323 42 19,727 1 127 282 33 48,874 4 64 38 131 1

Deferred availability cash items 434 0 0 0 0 0 244 0 0 191 0 0 0

Earnings remittances due to the U.S.

Treasury13 2,487 50 1,253 55 77 111 222 140 55 30 47 141 306

Other liabilities and accrued

dividends 4,589 160 1,939 190 192 506 294 297 126 137 137 212 400

Total liabilities 4,250,863 96,029 2,373,917 102,538 121,215 257,046 286,854 211,413 56,863 34,966 62,878 173,981 473,164

Capital

Capital paid in 32,076 1,343 10,210 1,868 2,553 6,885 1,838 1,337 488 145 308 395 4,705

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 4,289,764 97,662 2,386,278 104,794 124,319 265,405 289,086 213,039 57,450 35,143 63,253 174,461 478,874

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, July 4, 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 Jul 4, 2018

Federal Reserve notes outstanding 1,791,080

Less: Notes held by F.R. Banks not subject to collateralization 166,662

Federal Reserve notes to be collateralized 1,624,417

Collateral held against Federal Reserve notes 1,624,417

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,608,181

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,084,058

Less: Face value of securities under reverse repurchase agreements 260,850

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,823,208

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.