FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks May 31, 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

May 30, 2018 May 23, 2018 May 31, 2017

Wednesday

May 30, 2018

Reserve Bank credit 4,288,757 - 10,212 - 132,225 4,287,126

Securities held outright1 4,127,430 - 9,565 - 117,037 4,126,081

U.S. Treasury securities 2,387,082 + 72 - 77,596 2,387,103

Bills2 0 0 0 0

Notes and bonds, nominal2 2,253,442 0 - 85,909 2,253,442

Notes and bonds, inflation-indexed2 112,949 0 + 5,957 112,949

Inflation compensation3 20,691 + 73 + 2,356 20,711

Federal agency debt securities2 4,391 0 - 4,443 4,391

Mortgage-backed securities4 1,735,958 - 9,636 - 34,997 1,734,588

Unamortized premiums on securities held outright5 151,410 - 615 - 15,759 151,289

Unamortized discounts on securities held outright5 -13,905 + 31 + 927 -13,896

Repurchase agreements6 0 0 0 0

Loans 100 + 19 + 45 123

Primary credit 19 + 7 + 14 38

Secondary credit 0 0 0 0

Seasonal credit 82 + 13 + 32 85

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,713 + 1 + 3 1,712

Float -309 - 135 + 212 -1,012

Central bank liquidity swaps8 63 - 19 + 27 63

Other Federal Reserve assets9 22,253 + 68 - 646 22,767

Foreign currency denominated assets10 21,262 - 1 + 640 21,280

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 49,629 + 14 + 713 49,629

Total factors supplying reserve funds 4,375,889 - 10,199 - 130,872 4,374,277

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

May 30, 2018 May 23, 2018 May 31, 2017

Wednesday

May 30, 2018

Currency in circulation11 1,659,527 + 5,492 + 104,590 1,661,292

Reverse repurchase agreements12 244,239 - 10,593 - 185,534 245,554

Foreign official and international accounts 242,596 - 6,292 - 6,627 241,634

Others 1,643 - 4,301 - 178,908 3,920

Treasury cash holdings 253 - 8 + 10 245

Deposits with F.R. Banks, other than reserve balances 406,995 - 2,274 + 154,657 416,366

Term deposits held by depository institutions 0 - 3,686 0 0

U.S. Treasury, General Account 325,351 - 1,094 + 154,367 332,712

Foreign official 5,255 0 - 47 5,255

Other13 76,390 + 2,507 + 337 78,398

Other liabilities and capital14 45,193 - 553 - 2,648 44,934

Total factors, other than reserve balances,

absorbing reserve funds 2,356,208 - 7,935 + 71,075 2,368,390

Reserve balances with Federal Reserve Banks 2,019,681 - 2,265 - 201,947 2,005,886

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

May 30, 2018 May 23, 2018 May 31, 2017

Wednesday

May 30, 2018

Securities held in custody for foreign official and international

accounts 3,394,432 + 11,977 + 156,909 3,400,291

Marketable U.S. Treasury securities1 3,032,436 + 5,501 + 118,718 3,037,303

Federal agency debt and mortgage-backed securities2 286,598 + 6,565 + 23,990 287,582

Other securities3 75,398 - 89 + 14,202 75,406

Securities lent to dealers 21,110 + 956 - 1,064 19,473

Overnight facility4 21,110 + 956 - 1,064 19,473

U.S. Treasury securities 21,110 + 956 - 1,053 19,473

Federal agency debt securities 0 0 - 11 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, May 30, 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 103 21 0 0 0 ... 123

U.S. Treasury securities1

Holdings 28,479 84,952 306,289 1,059,169 288,986 619,228 2,387,103

Weekly changes 0 + 1 + 1 + 7,151 - 7,118 + 33 + 68

Federal agency debt securities2

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

Weekly changes + 1,982 - 1,982 0 0 0 0 0

Mortgage-backed securities3

Holdings 0 0 0 140 39,138 1,695,309 1,734,588

Weekly changes 0 0 0 - 2 - 685 - 8,905 - 9,591

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

Central bank liquidity swaps5 63 0 0 0 0 0 63

Reverse repurchase agreements4 245,554 0 ... ... ... ... 245,554

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 May 30, 2018

Mortgage-backed securities held outright1 1,734,588

Commitments to buy mortgage-backed securities2 9,469

Commitments to sell mortgage-backed securities2 120

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 May 30, 2018

Net portfolio holdings of Maiden Lane LLC1 1,712

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

May 30, 2018 May 23, 2018 May 31, 2017

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,775 - 22 - 16

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,263,598 - 10,024 - 133,182

Securities held outright1 4,126,081 - 9,524 - 118,406

U.S. Treasury securities 2,387,103 + 68 - 77,593

Bills2 0 0 0

Notes and bonds, nominal2 2,253,442 0 - 84,774

Notes and bonds, inflation-indexed2 112,949 0 + 4,823

Inflation compensation3 20,711 + 68 + 2,358

Federal agency debt securities2 4,391 0 - 4,443

Mortgage-backed securities4 1,734,588 - 9,591 - 36,370

Unamortized premiums on securities held outright5 151,289 - 548 - 15,793

Unamortized discounts on securities held outright5 -13,896 + 30 + 960

Repurchase agreements6 0 0 0

Loans 123 + 17 + 56

Net portfolio holdings of Maiden Lane LLC7 1,712 - 1 + 3

Items in process of collection (0) 87 + 4 - 12

Bank premises 2,193 - 3 - 16

Central bank liquidity swaps8 63 - 19 + 28

Foreign currency denominated assets9 21,280 + 47 + 563

Other assets10 20,574 + 235 + 237

Total assets (0) 4,327,519 - 9,782 - 132,395

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

May 30, 2018 May 23, 2018 May 31, 2017

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,613,679 + 4,548 + 104,054

Reverse repurchase agreements11 245,554 - 1,911 - 256,605

Deposits (0) 2,422,253 - 12,875 + 22,320

Term deposits held by depository institutions 0 - 3,686 0

Other deposits held by depository institutions 2,005,887 - 34,658 - 123,719

U.S. Treasury, General Account 332,712 + 20,543 + 142,881

Foreign official 5,255 0 + 77

Other12 (0) 78,398 + 4,924 + 3,081

Deferred availability cash items (0) 1,100 + 838 - 40

Other liabilities and accrued dividends13 5,472 - 531 - 779

Total liabilities (0) 4,288,057 - 9,932 - 131,051

Capital accounts

Capital paid in 31,962 + 149 + 1,156

Surplus 7,500 0 - 2,500

Other capital accounts 0 0 0

Total capital 39,462 + 149 - 1,344

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, May 30, 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 1,775 46 53 176 114 254 178 291 24 47 102 180 311

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,263,598 81,428 2,353,769 107,644 120,871 252,296 255,961 228,367 56,796 35,596 67,121 176,294 527,456

Securities held outright1 4,126,081 78,804 2,277,917 104,175 116,976 244,166 247,675 220,984 54,932 34,432 64,954 170,613 510,455

U.S. Treasury securities 2,387,103 45,591 1,317,866 60,269 67,675 141,259 143,290 127,848 31,780 19,920 37,579 98,706 295,318

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

Notes and bonds3 2,387,103 45,591 1,317,866 60,269 67,675 141,259 143,290 127,848 31,780 19,920 37,579 98,706 295,318

Federal agency debt securities2 4,391 84 2,424 111 124 260 264 235 58 37 69 182 543

Mortgage-backed securities4 1,734,588 33,129 957,627 43,795 49,176 102,646 104,122 92,901 23,093 14,475 27,307 71,725 214,593

Unamortized premiums on securities 

held outright5 151,289 2,889 83,523 3,820 4,289 8,953 9,081 8,103 2,014 1,263 2,382 6,256 18,717

Unamortized discounts on securities 

held outright5 -13,896 -265 -7,671 -351 -394 -822 -834 -744 -185 -116 -219 -575 -1,719

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

Loans 123 0 1 0 0 0 38 24 35 17 4 0 4

Net portfolio holdings of Maiden

Lane LLC7 1,712 0 1,712 0 0 0 0 0 0 0 0 0 0

Items in process of collection 87 0 0 0 0 0 87 0 0 1 0 0 0

Bank premises 2,193 110 445 74 120 196 202 199 108 95 234 220 190

Central bank liquidity swaps8 63 3 20 4 5 14 4 3 1 0 1 1 9

Foreign currency denominated

assets9 21,280 905 6,709 1,209 1,717 4,597 1,230 902 307 98 211 263 3,132

Other assets10 20,574 418 10,779 512 585 1,445 1,223 1,071 469 221 379 962 2,511

Interdistrict settlement account 0 + 3,450 + 56,970 - 5,556 - 131 + 11,426 + 15,010 - 6,393 - 2,029 - 461 - 8,214 - 8,622 - 55,450

Total assets 4,327,519 86,920 2,435,900 104,622 124,061 271,413 276,038 225,603 56,159 35,885 60,293 170,485 480,138

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, May 30, 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 1,784,971 59,287 605,428 54,221 87,747 125,663 252,742 113,519 52,053 30,383 47,142 138,509 218,277

Less: Notes held by F.R. Banks 171,292 6,097 43,641 6,739 9,257 13,634 26,292 11,719 5,273 3,147 5,619 16,024 23,850

Federal Reserve notes, net 1,613,679 53,189 561,787 47,482 78,491 112,029 226,450 101,801 46,780 27,236 41,523 122,485 194,427

Reverse repurchase agreements11 245,554 4,690 135,565 6,200 6,962 14,531 14,740 13,151 3,269 2,049 3,866 10,154 30,378

Deposits 2,422,253 27,183 1,723,927 48,420 35,203 135,722 32,066 108,648 5,371 5,269 14,359 37,086 249,000

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 2,005,887 27,152 1,360,439 48,418 35,137 135,502 32,030 56,184 5,365 5,268 14,349 37,050 248,992

U.S. Treasury, General Account 332,712 0 332,712 0 0 0 0 0 0 0 0 0 0

Foreign official 5,255 2 5,228 2 3 9 2 2 1 0 0 0 6

Other12 78,398 29 25,548 0 62 211 34 52,463 5 0 10 35 1

Deferred availability cash items 1,100 0 0 0 0 0 102 0 0 998 0 0 0

Earnings remittances due to the U.S.

Treasury13 1,201 24 598 31 45 68 100 63 14 12 23 64 158

Other liabilities and accrued

dividends 4,271 172 1,559 195 203 558 316 285 129 142 139 208 366

Total liabilities 4,288,057 85,258 2,423,435 102,328 120,903 262,908 273,773 223,948 55,563 35,706 59,909 169,997 474,329

Capital

Capital paid in 31,962 1,343 10,101 1,868 2,553 6,885 1,832 1,338 488 145 310 396 4,705

Surplus 7,500 319 2,364 426 605 1,620 433 318 108 34 74 93 1,104

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

Total liabilities and capital 4,327,519 86,920 2,435,900 104,622 124,061 271,413 276,038 225,603 56,159 35,885 60,293 170,485 480,138

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, May 30, 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 $7.5 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 May 30, 2018

Federal Reserve notes outstanding 1,784,971

Less: Notes held by F.R. Banks not subject to collateralization 171,292

Federal Reserve notes to be collateralized 1,613,679

Collateral held against Federal Reserve notes 1,613,679

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,597,442

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,126,081

Less: Face value of securities under reverse repurchase agreements 243,012

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,883,070

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.