FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks April 20, 2017

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

Apr 19, 2017 Apr 12, 2017 Apr 20, 2016

Wednesday

Apr 19, 2017

Reserve Bank credit 4,443,651 + 9,253 - 8,058 4,440,335

Securities held outright1 4,256,186 + 7,505 + 7,386 4,253,384

U.S. Treasury securities 2,464,604 + 91 + 3,222 2,464,638

Bills2 0 0 0 0

Notes and bonds, nominal2 2,339,477 + 197 - 2,758 2,339,740

Notes and bonds, inflation-indexed2 107,049 - 184 + 3,863 106,803

Inflation compensation3 18,079 + 79 + 2,119 18,095

Federal agency debt securities2 12,900 - 429 - 15,431 11,829

Mortgage-backed securities4 1,778,681 + 7,841 + 19,593 1,776,917

Unamortized premiums on securities held outright5 169,036 - 63 - 15,882 168,863

Unamortized discounts on securities held outright5 -14,921 + 28 + 1,375 -14,909

Repurchase agreements6 0 0 0 0

Loans 40 - 9 - 9 73

Primary credit 15 - 15 + 10 43

Secondary credit 0 0 0 0

Seasonal credit 25 + 7 - 19 30

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,708 - 9 - 14 1,708

Float -355 - 37 - 124 -451

Central bank liquidity swaps8 35 - 10 + 2 35

Other Federal Reserve assets9 31,923 + 1,849 - 791 31,632

Foreign currency denominated assets10 20,227 + 178 - 706 20,258

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 48,768 + 14 + 997 48,768

Total factors supplying reserve funds 4,528,886 + 9,444 - 7,768 4,525,602

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

Apr 19, 2017 Apr 12, 2017 Apr 20, 2016

Wednesday

Apr 19, 2017

Currency in circulation11 1,540,058 + 299 + 95,761 1,541,322

Reverse repurchase agreements12 321,200 - 39,927 + 52,201 362,153

Foreign official and international accounts 255,275 + 10,068 + 14,749 245,586

Others 65,925 - 49,996 + 37,453 116,567

Treasury cash holdings 263 + 3 + 84 254

Deposits with F.R. Banks, other than reserve balances 275,648 + 64,252 - 30,198 317,930

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 164,543 + 42,325 - 104,242 229,485

Foreign official 5,206 + 7 + 30 5,455

Other13 105,900 + 21,922 + 74,014 82,991

Other liabilities and capital14 48,376 - 117 + 1,293 47,272

Total factors, other than reserve balances,

absorbing reserve funds 2,185,546 + 24,510 + 119,142 2,268,932

Reserve balances with Federal Reserve Banks 2,343,340 - 15,067 - 126,910 2,256,670

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

Apr 19, 2017 Apr 12, 2017 Apr 20, 2016

Wednesday

Apr 19, 2017

Securities held in custody for foreign official and international

accounts 3,206,227 - 6,437 - 35,752 3,211,533

Marketable U.S. Treasury securities1 2,884,013 - 5,769 - 44,584 2,890,838

Federal agency debt and mortgage-backed securities2 259,831 - 723 - 5,667 259,177

Other securities3 62,383 + 56 + 14,499 61,519

Securities lent to dealers 19,953 - 1,703 + 2,671 20,876

Overnight facility4 19,953 - 1,703 + 2,671 20,876

U.S. Treasury securities 19,906 - 1,699 + 2,685 20,832

Federal agency debt securities 47 - 4 - 14 44

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, April 19, 2017

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 71 2 0 0 0 ... 73

U.S. Treasury securities1

Holdings 14,058 46,550 200,648 1,194,549 381,191 627,642 2,464,638

Weekly changes + 13,598 - 12,786 - 1,044 - 13 + 184 + 153 + 92

Federal agency debt securities2

Holdings 0 3,732 3,706 2,044 0 2,347 11,829

Weekly changes - 1,500 0 0 0 0 0 - 1,500

Mortgage-backed securities3

Holdings 0 0 0 181 11,424 1,765,312 1,776,917

Weekly changes 0 0 0 + 122 + 118 - 4,414 - 4,174

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

Central bank liquidity swaps5 35 0 0 0 0 0 35

Reverse repurchase agreements4 362,153 0 ... ... ... ... 362,153

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 Apr 19, 2017

Mortgage-backed securities held outright1 1,776,917

Commitments to buy mortgage-backed securities2 21,838

Commitments to sell mortgage-backed securities2 535

Cash and cash equivalents3 0

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 Apr 19, 2017

Net portfolio holdings of Maiden Lane LLC1 1,708

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 December 31, 2016. Any assets purchased after

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

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

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

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

table 5 and table 6.

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

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

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

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

5. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Apr 19, 2017 Apr 12, 2017 Apr 20, 2016

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,888 - 11 + 11

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,407,412 - 5,929 - 9,257

Securities held outright1 4,253,384 - 5,582 + 5,281

U.S. Treasury securities 2,464,638 + 92 + 3,248

Bills2 0 0 0

Notes and bonds, nominal2 2,339,740 + 460 - 2,552

Notes and bonds, inflation-indexed2 106,803 - 430 + 3,669

Inflation compensation3 18,095 + 61 + 2,130

Federal agency debt securities2 11,829 - 1,500 - 15,267

Mortgage-backed securities4 1,776,917 - 4,174 + 17,300

Unamortized premiums on securities held outright5 168,863 - 429 - 15,923

Unamortized discounts on securities held outright5 -14,909 + 32 + 1,375

Repurchase agreements6 0 0 0

Loans 73 + 49 + 9

Net portfolio holdings of Maiden Lane LLC7 1,708 0 - 14

Items in process of collection (0) 102 + 12 - 46

Bank premises 2,199 + 1 - 23

Central bank liquidity swaps8 35 - 10 + 2

Foreign currency denominated assets9 20,258 + 143 - 657

Other assets10 29,433 + 573 - 875

Total assets (0) 4,479,270 - 5,222 - 10,861

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

Apr 19, 2017 Apr 12, 2017 Apr 20, 2016

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,494,691 + 353 + 94,823

Reverse repurchase agreements11 362,153 + 4,720 + 93,640

Deposits (0) 2,574,600 - 8,096 - 200,360

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,256,670 - 111,097 - 147,995

U.S. Treasury, General Account 229,485 + 110,328 - 108,055

Foreign official 5,455 + 281 + 282

Other12 (0) 82,991 - 7,607 + 55,409

Deferred availability cash items (0) 553 - 98 + 156

Other liabilities and accrued dividends13 6,680 - 2,103 + 321

Total liabilities (0) 4,438,678 - 5,222 - 11,419

Capital accounts

Capital paid in 30,592 0 + 558

Surplus 10,000 0 0

Other capital accounts 0 0 0

Total capital 40,592 0 + 558

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, April 19, 2017

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 11,037 349 3,592 348 553 776 1,520 737 341 191 292 916 1,422

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

Coin 1,888 50 58 171 132 294 194 288 26 54 120 189 312

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,407,412 85,878 2,481,737 113,796 127,809 258,228 259,432 185,384 58,774 34,375 62,508 176,449 563,041

Securities held outright1 4,253,384 82,872 2,395,046 109,821 123,344 249,208 250,370 178,892 56,718 33,162 60,323 170,276 543,354

U.S. Treasury securities 2,464,638 48,020 1,387,818 63,636 71,472 144,405 145,078 103,660 32,865 19,216 34,954 98,667 314,848

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

Notes and bonds3 2,464,638 48,020 1,387,818 63,636 71,472 144,405 145,078 103,660 32,865 19,216 34,954 98,667 314,848

Federal agency debt securities2 11,829 230 6,661 305 343 693 696 498 158 92 168 474 1,511

Mortgage-backed securities4 1,776,917 34,621 1,000,568 45,879 51,529 104,111 104,596 74,735 23,695 13,854 25,201 71,135 226,995

Unamortized premiums on securities 

held outright5 168,863 3,290 95,086 4,360 4,897 9,894 9,940 7,102 2,252 1,317 2,395 6,760 21,572

Unamortized discounts on securities 

held outright5 -14,909 -290 -8,395 -385 -432 -874 -878 -627 -199 -116 -211 -597 -1,905

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

Loans 73 7 0 0 0 0 0 17 3 14 2 10 20

Net portfolio holdings of Maiden

Lane LLC7 1,708 0 1,708 0 0 0 0 0 0 0 0 0 0

Items in process of collection 102 0 0 0 0 0 102 0 0 0 0 0 0

Bank premises 2,199 119 440 71 108 202 204 200 112 89 237 221 194

Central bank liquidity swaps8 35 2 11 2 3 8 2 1 0 0 0 0 5

Foreign currency denominated

assets9 20,258 878 6,488 1,089 1,650 4,377 1,182 848 222 86 197 259 2,983

Other assets10 29,433 621 16,064 762 860 1,924 1,746 1,237 475 255 484 1,252 3,754

Interdistrict settlement account 0 + 1,749 - 41,608 + 1,958 - 9,684 - 10,706 - 4,471 + 45,035 + 1,155 + 1,606 + 4,478 + 8,761 + 1,728

Total assets 4,479,270 89,842 2,470,307 118,407 121,669 255,514 260,564 234,154 61,255 36,745 68,469 188,329 574,013

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, April 19, 2017 (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 1,671,213 55,905 529,467 54,370 83,759 119,727 224,571 115,141 52,181 29,986 47,019 142,213 216,874

Less: Notes held by F.R. Banks 176,522 6,047 44,440 7,978 10,209 13,229 26,047 11,888 5,513 3,040 5,665 16,918 25,550

Federal Reserve notes, net 1,494,691 49,858 485,027 46,392 73,550 106,498 198,524 103,253 46,668 26,946 41,354 125,295 191,324

Reverse repurchase agreements11 362,153 7,056 203,926 9,351 10,502 21,219 21,318 15,232 4,829 2,824 5,136 14,498 46,264

Deposits 2,574,600 30,973 1,764,996 60,248 34,075 118,447 37,858 113,604 9,147 6,186 21,428 47,749 329,890

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 2,256,670 30,968 1,503,443 60,246 34,071 118,177 37,849 57,544 9,129 6,185 21,427 47,749 329,882

U.S. Treasury, General Account 229,485 0 229,485 0 0 0 0 0 0 0 0 0 0

Foreign official 5,455 2 5,427 2 3 9 2 2 0 0 0 1 6

Other12 82,991 3 26,640 0 0 261 7 56,059 18 0 1 0 1

Deferred availability cash items 553 0 0 0 0 0 82 0 0 472 0 0 0

Earnings remittances due to the U.S.

Treasury13 1,690 36 951 44 54 96 114 63 24 13 23 71 202

Other liabilities and accrued

dividends 4,990 165 2,391 188 193 493 315 275 135 133 128 203 370

Total liabilities 4,438,678 88,088 2,457,291 116,223 118,373 246,753 258,211 232,427 60,804 36,573 68,069 187,816 568,050

Capital

Capital paid in 30,592 1,321 9,815 1,646 2,481 6,601 1,771 1,309 342 129 303 385 4,491

Surplus 10,000 434 3,202 538 815 2,161 583 419 109 42 97 128 1,473

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

Total liabilities and capital 4,479,270 89,842 2,470,307 118,407 121,669 255,514 260,564 234,154 61,255 36,745 68,469 188,329 574,013

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, April 19, 2017 (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 Apr 19, 2017

Federal Reserve notes outstanding 1,671,213

Less: Notes held by F.R. Banks not subject to collateralization 176,522

Federal Reserve notes to be collateralized 1,494,691

Collateral held against Federal Reserve notes 1,494,691

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,478,455

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,253,384

Less: Face value of securities under reverse repurchase agreements 346,171

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,907,214

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.