FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks September 29, 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

Sep 28, 2016 Sep 21, 2016 Sep 30, 2015

Wednesday

Sep 28, 2016

Reserve Bank credit 4,424,565 - 1,591 - 23,441 4,411,557

Securities held outright1 4,232,576 - 2,435 - 7,314 4,220,827

U.S. Treasury securities 2,463,477 - 46 + 1,530 2,463,460

Bills2 0 0 0 0

Notes and bonds, nominal2 2,341,647 0 - 4,993 2,341,647

Notes and bonds, inflation-indexed2 104,553 0 + 6,019 104,553

Inflation compensation3 17,277 - 46 + 504 17,260

Federal agency debt securities2 20,492 0 - 14,601 20,492

Mortgage-backed securities4 1,748,606 - 2,389 + 5,756 1,736,875

Unamortized premiums on securities held outright5 177,574 - 281 - 16,298 177,089

Unamortized discounts on securities held outright5 -15,491 + 34 + 1,547 -15,477

Repurchase agreements6 0 0 0 0

Loans 225 - 9 - 35 242

Primary credit 9 - 21 - 9 23

Secondary credit 0 0 0 0

Seasonal credit 216 + 13 - 26 220

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,707 0 + 5 1,707

Float -388 - 82 - 422 -702

Central bank liquidity swaps8 291 + 289 - 390 291

Other Federal Reserve assets9 28,070 + 892 - 535 27,578

Foreign currency denominated assets10 21,537 + 159 + 1,515 21,525

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 48,211 + 14 + 884 48,211

Total factors supplying reserve funds 4,510,555 - 1,417 - 21,042 4,497,534

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

Sep 28, 2016 Sep 21, 2016 Sep 30, 2015

Wednesday

Sep 28, 2016

Currency in circulation11 1,468,221 - 334 + 83,166 1,470,071

Reverse repurchase agreements12 445,401 + 78,542 + 60,108 514,810

Foreign official and international accounts 241,076 - 9,007 + 71,768 242,533

Others 204,325 + 87,549 - 11,660 272,277

Treasury cash holdings 124 + 10 - 38 141

Deposits with F.R. Banks, other than reserve balances 418,109 + 33,294 + 237,332 380,885

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 351,700 + 11,252 + 206,535 339,619

Foreign official 5,165 0 - 230 5,165

Other13 61,244 + 22,042 + 31,027 36,100

Other liabilities and capital14 46,907 - 255 - 19,081 46,391

Total factors, other than reserve balances,

absorbing reserve funds 2,378,762 + 111,256 + 361,486 2,412,297

Reserve balances with Federal Reserve Banks 2,131,792 - 112,675 - 382,529 2,085,237

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

Sep 28, 2016 Sep 21, 2016 Sep 30, 2015

Wednesday

Sep 28, 2016

Securities held in custody for foreign official and international

accounts 3,143,508 - 6,762 - 190,188 3,131,503

Marketable U.S. Treasury securities1 2,823,541 - 5,661 - 183,644 2,811,898

Federal agency debt and mortgage-backed securities2 260,178 - 1,391 - 21,402 259,962

Other securities3 59,790 + 291 + 14,859 59,643

Securities lent to dealers 25,251 + 1,330 + 11,120 26,011

Overnight facility4 25,251 + 1,330 + 11,120 26,011

U.S. Treasury securities 25,229 + 1,323 + 11,149 25,982

Federal agency debt securities 21 + 6 - 30 29

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, September 28, 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 229 14 0 0 0 ... 242

U.S. Treasury securities1

Holdings 6,827 30,639 150,738 1,209,208 431,066 634,982 2,463,460

Weekly changes 0 0 - 2 - 8 - 8 - 29 - 46

Federal agency debt securities2

Holdings 0 4,312 9,423 4,410 0 2,347 20,492

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities3

Holdings 0 0 0 1,358 11,269 1,724,248 1,736,875

Weekly changes 0 0 0 - 44 - 232 - 20,192 - 20,468

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

Central bank liquidity swaps5 291 0 0 0 0 0 291

Reverse repurchase agreements4 514,810 0 ... ... ... ... 514,810

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 Sep 28, 2016

Mortgage-backed securities held outright1 1,736,875

Commitments to buy mortgage-backed securities2 35,051

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 5

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 Sep 28, 2016

Net portfolio holdings of Maiden Lane LLC1 1,707

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 June 30, 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

Sep 28, 2016 Sep 21, 2016 Sep 30, 2015

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,927 0 + 18

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,382,682 - 21,436 - 32,504

Securities held outright1 4,220,827 - 20,514 - 17,447

U.S. Treasury securities 2,463,460 - 46 + 1,512

Bills2 0 0 0

Notes and bonds, nominal2 2,341,647 0 - 4,992

Notes and bonds, inflation-indexed2 104,553 0 + 6,019

Inflation compensation3 17,260 - 46 + 486

Federal agency debt securities2 20,492 0 - 14,601

Mortgage-backed securities4 1,736,875 - 20,468 - 4,358

Unamortized premiums on securities held outright5 177,089 - 971 - 16,588

Unamortized discounts on securities held outright5 -15,477 + 36 + 1,540

Repurchase agreements6 0 0 0

Loans 242 + 13 - 10

Net portfolio holdings of Maiden Lane LLC7 1,707 0 + 4

Items in process of collection (0) 54 - 13 - 342

Bank premises 2,206 + 1 - 35

Central bank liquidity swaps8 291 + 289 - 390

Foreign currency denominated assets9 21,525 + 42 + 1,523

Other assets10 25,372 + 86 - 383

Total assets (0) 4,452,002 - 21,030 - 32,109

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

Sep 28, 2016 Sep 21, 2016 Sep 30, 2015

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,423,924 + 1,438 + 81,534

Reverse repurchase agreements11 514,810 + 85,416 - 126,271

Deposits (0) 2,466,121 - 107,556 + 31,250

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,085,237 - 85,082 - 112,420

U.S. Treasury, General Account 339,619 - 18,984 + 140,903

Foreign official 5,165 - 3 - 1,066

Other12 (0) 36,100 - 3,488 + 3,833

Deferred availability cash items (0) 756 + 391 + 273

Other liabilities and accrued dividends13 6,219 - 728 - 505

Total liabilities (0) 4,411,830 - 21,039 - 13,720

Capital accounts

Capital paid in 30,172 + 8 + 891

Surplus 10,000 0 - 19,281

Other capital accounts 0 0 0

Total capital 40,172 + 8 - 18,389

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, September 28, 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 1,927 47 79 153 132 300 194 282 33 55 134 195 323

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,382,682 107,656 2,493,902 118,993 131,252 267,827 245,290 174,641 55,374 32,407 61,020 155,999 538,322

Securities held outright1 4,220,827 103,686 2,401,934 114,605 126,407 257,950 236,236 168,178 53,270 31,118 58,743 150,239 518,461

U.S. Treasury securities 2,463,460 60,515 1,401,874 66,888 73,776 150,551 137,878 98,156 31,091 18,162 34,285 87,686 302,596

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

Notes and bonds3 2,463,460 60,515 1,401,874 66,888 73,776 150,551 137,878 98,156 31,091 18,162 34,285 87,686 302,596

Federal agency debt securities2 20,492 503 11,661 556 614 1,252 1,147 817 259 151 285 729 2,517

Mortgage-backed securities4 1,736,875 42,667 988,398 47,160 52,016 106,147 97,211 69,206 21,921 12,805 24,173 61,824 213,347

Unamortized premiums on securities 

held outright5 177,089 4,350 100,776 4,808 5,304 10,823 9,912 7,056 2,235 1,306 2,465 6,303 21,753

Unamortized discounts on securities 

held outright5 -15,477 -380 -8,807 -420 -464 -946 -866 -617 -195 -114 -215 -551 -1,901

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

Loans 242 0 0 0 5 0 8 23 64 97 28 7 10

Net portfolio holdings of Maiden

Lane LLC7 1,707 0 1,707 0 0 0 0 0 0 0 0 0 0

Items in process of collection 54 0 0 0 0 0 54 0 0 0 0 0 0

Bank premises 2,206 119 428 73 106 205 207 202 115 90 240 225 197

Central bank liquidity swaps8 291 13 96 16 22 65 16 8 3 1 3 4 44

Foreign currency denominated

assets9 21,525 951 7,103 1,184 1,639 4,800 1,195 577 221 92 215 273 3,274

Other assets10 25,372 659 13,971 693 762 1,712 1,429 1,026 381 209 403 999 3,128

Interdistrict settlement account 0 - 17,073 - 17,581 - 9,027 - 3,405 - 14,307 + 17,503 + 2,607 + 1,447 + 1,625 + 809 + 18,838 + 18,565

Total assets 4,452,002 92,922 2,505,112 112,653 131,331 261,774 268,082 180,520 58,083 34,763 63,274 177,689 565,798

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, September 28, 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 1,614,407 50,161 526,201 50,158 80,974 114,038 224,272 107,285 49,822 27,806 41,661 133,505 208,524

Less: Notes held by F.R. Banks 190,483 6,335 53,494 6,845 9,730 14,319 29,316 12,746 5,554 3,267 5,595 16,196 27,086

Federal Reserve notes, net 1,423,924 43,826 472,707 43,313 71,244 99,719 194,956 94,539 44,269 24,538 36,066 117,309 181,439

Reverse repurchase agreements11 514,810 12,646 292,961 13,978 15,418 31,462 28,813 20,513 6,497 3,795 7,165 18,325 63,236

Deposits 2,466,121 34,506 1,723,315 52,958 41,376 121,164 41,596 63,664 6,742 5,441 19,506 41,284 314,570

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 2,085,237 34,500 1,350,243 52,955 41,373 120,987 41,587 56,072 6,729 5,441 19,504 41,283 314,562

U.S. Treasury, General Account 339,619 0 339,619 0 0 0 0 0 0 0 0 0 0

Foreign official 5,165 2 5,139 2 3 9 2 1 0 0 0 1 6

Other12 36,100 4 28,314 0 0 168 7 7,590 13 0 1 0 3

Deferred availability cash items 756 0 0 0 0 0 84 0 0 672 0 0 0

Earnings remittances due to the U.S.

Treasury13 1,317 33 759 36 42 66 79 53 14 9 15 49 162

Other liabilities and accrued

dividends 4,902 163 2,198 197 202 552 334 258 130 138 130 211 390

Total liabilities 4,411,830 91,174 2,491,942 110,482 128,281 252,963 265,863 179,026 57,651 34,593 62,881 177,178 559,797

Capital

Capital paid in 30,172 1,306 9,871 1,621 2,288 6,581 1,664 1,226 329 127 293 385 4,480

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 4,452,002 92,922 2,505,112 112,653 131,331 261,774 268,082 180,520 58,083 34,763 63,274 177,689 565,798

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, September 28, 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 Sep 28, 2016

Federal Reserve notes outstanding 1,614,407

Less: Notes held by F.R. Banks not subject to collateralization 190,483

Federal Reserve notes to be collateralized 1,423,924

Collateral held against Federal Reserve notes 1,423,924

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,407,687

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,220,827

Less: Face value of securities under reverse repurchase agreements 477,852

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,742,976

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.