FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks August 25, 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

Aug 24, 2016 Aug 17, 2016 Aug 26, 2015

Wednesday

Aug 24, 2016

Reserve Bank credit 4,437,549 - 698 - 9,187 4,433,463

Securities held outright1 4,249,044 + 7,002 + 6,347 4,245,050

U.S. Treasury securities 2,463,504 + 434 + 1,662 2,463,538

Bills2 0 0 0 0

Notes and bonds, nominal2 2,342,604 + 342 - 4,037 2,342,604

Notes and bonds, inflation-indexed2 103,596 0 + 5,062 103,596

Inflation compensation3 17,304 + 91 + 636 17,338

Federal agency debt securities2 22,492 0 - 12,601 22,492

Mortgage-backed securities4 1,763,047 + 6,568 + 17,286 1,759,020

Unamortized premiums on securities held outright5 179,413 + 91 - 16,312 179,107

Unamortized discounts on securities held outright5 -15,656 + 27 + 1,627 -15,643

Repurchase agreements6 0 0 0 0

Loans 212 + 4 - 40 228

Primary credit 6 + 3 - 5 15

Secondary credit 0 0 0 0

Seasonal credit 206 + 1 - 35 213

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,707 0 + 6 1,707

Float -271 + 127 - 327 -400

Central bank liquidity swaps8 22 - 83 - 112 22

Other Federal Reserve assets9 23,079 - 7,865 - 375 23,393

Foreign currency denominated assets10 21,681 + 177 + 1,535 21,595

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 48,039 + 14 + 841 48,039

Total factors supplying reserve funds 4,523,510 - 507 - 6,811 4,519,338

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

Aug 24, 2016 Aug 17, 2016 Aug 26, 2015

Wednesday

Aug 24, 2016

Currency in circulation11 1,463,762 - 439 + 87,813 1,465,068

Reverse repurchase agreements12 348,963 + 45,619 + 99,659 335,860

Foreign official and international accounts 244,303 - 946 + 78,716 240,510

Others 104,660 + 46,565 + 20,943 95,350

Treasury cash holdings 119 + 6 - 41 109

Deposits with F.R. Banks, other than reserve balances 304,693 - 74,645 + 148,367 330,735

Term deposits held by depository institutions 0 - 58,594 0 0

U.S. Treasury, General Account 254,376 - 6,434 + 125,795 244,881

Foreign official 5,175 - 13 - 75 5,164

Other13 45,141 - 9,604 + 22,645 80,691

Other liabilities and capital14 47,835 - 643 - 18,491 46,348

Total factors, other than reserve balances,

absorbing reserve funds 2,165,372 - 30,101 + 317,307 2,178,120

Reserve balances with Federal Reserve Banks 2,358,138 + 29,594 - 324,118 2,341,218

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

Aug 24, 2016 Aug 17, 2016 Aug 26, 2015

Wednesday

Aug 24, 2016

Securities held in custody for foreign official and international

accounts 3,206,695 + 3,322 - 135,072 3,198,471

Marketable U.S. Treasury securities1 2,882,303 + 4,926 - 129,622 2,874,628

Federal agency debt and mortgage-backed securities2 264,875 - 1,930 - 20,784 264,129

Other securities3 59,518 + 327 + 15,335 59,714

Securities lent to dealers 23,106 + 1,589 + 11,889 23,582

Overnight facility4 23,106 + 1,589 + 11,889 23,582

U.S. Treasury securities 23,095 + 1,588 + 11,928 23,570

Federal agency debt securities 11 + 1 - 39 12

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, August 24, 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 192 36 0 0 0 ... 228

U.S. Treasury securities1

Holdings 6,976 26,929 158,082 1,207,343 429,168 635,040 2,463,538

Weekly changes 0 0 + 4 + 14 + 16 + 57 + 91

Federal agency debt securities2

Holdings 0 3,999 11,736 4,410 0 2,347 22,492

Weekly changes 0 0 + 1,340 - 1,340 0 0 0

Mortgage-backed securities3

Holdings 0 0 0 1,222 10,995 1,746,803 1,759,020

Weekly changes 0 0 0 + 5 + 23 + 5,638 + 5,666

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

Central bank liquidity swaps5 22 0 0 0 0 0 22

Reverse repurchase agreements4 335,860 0 ... ... ... ... 335,860

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 Aug 24, 2016

Mortgage-backed securities held outright1 1,759,020

Commitments to buy mortgage-backed securities2 29,097

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 29

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 Aug 24, 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

Aug 24, 2016 Aug 17, 2016 Aug 26, 2015

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,935 + 5 + 25

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,408,741 + 5,784 - 3,139

Securities held outright1 4,245,050 + 5,757 + 11,469

U.S. Treasury securities 2,463,538 + 91 + 1,662

Bills2 0 0 0

Notes and bonds, nominal2 2,342,604 0 - 4,037

Notes and bonds, inflation-indexed2 103,596 0 + 5,062

Inflation compensation3 17,338 + 91 + 637

Federal agency debt securities2 22,492 0 - 12,601

Mortgage-backed securities4 1,759,020 + 5,666 + 22,408

Unamortized premiums on securities held outright5 179,107 - 23 - 16,206

Unamortized discounts on securities held outright5 -15,643 + 34 + 1,624

Repurchase agreements6 0 0 0

Loans 228 + 16 - 25

Net portfolio holdings of Maiden Lane LLC7 1,707 0 + 8

Items in process of collection (0) 206 - 15 - 84

Bank premises 2,213 + 2 - 24

Central bank liquidity swaps8 22 - 83 - 112

Foreign currency denominated assets9 21,595 - 32 + 1,309

Other assets10 21,184 + 1,703 + 752

Total assets (0) 4,473,840 + 7,364 - 1,265

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

Aug 24, 2016 Aug 17, 2016 Aug 26, 2015

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,419,069 + 470 + 85,862

Reverse repurchase agreements11 335,860 + 12,167 + 103,984

Deposits (0) 2,671,957 - 4,684 - 172,448

Term deposits held by depository institutions 0 - 58,594 0

Other deposits held by depository institutions 2,341,222 + 5,349 - 363,941

U.S. Treasury, General Account 244,881 + 3,455 + 125,734

Foreign official 5,164 - 101 - 80

Other12 (0) 80,691 + 45,208 + 65,839

Deferred availability cash items (0) 606 + 84 + 209

Other liabilities and accrued dividends13 6,203 - 679 - 722

Total liabilities (0) 4,433,696 + 7,359 + 16,885

Capital accounts

Capital paid in 30,144 + 5 + 997

Surplus 10,000 0 - 19,147

Other capital accounts 0 0 0

Total capital 40,144 + 5 - 18,150

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, August 24, 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 1,935 44 77 155 139 301 190 281 31 56 136 197 328

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,408,741 108,296 2,508,740 119,701 132,028 269,422 246,746 175,685 55,702 32,597 61,378 156,928 541,521

Securities held outright1 4,245,050 104,281 2,415,718 115,262 127,132 259,431 237,592 169,144 53,576 31,297 59,080 151,101 521,436

U.S. Treasury securities 2,463,538 60,517 1,401,918 66,890 73,779 150,556 137,882 98,159 31,092 18,163 34,286 87,689 302,606

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

Notes and bonds3 2,463,538 60,517 1,401,918 66,890 73,779 150,556 137,882 98,159 31,092 18,163 34,286 87,689 302,606

Federal agency debt securities2 22,492 553 12,799 611 674 1,375 1,259 896 284 166 313 801 2,763

Mortgage-backed securities4 1,759,020 43,211 1,001,000 47,761 52,680 107,500 98,451 70,088 22,200 12,968 24,481 62,612 216,067

Unamortized premiums on securities 

held outright5 179,107 4,400 101,924 4,863 5,364 10,946 10,024 7,136 2,260 1,320 2,493 6,375 22,000

Unamortized discounts on securities 

held outright5 -15,643 -384 -8,902 -425 -468 -956 -876 -623 -197 -115 -218 -557 -1,922

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

Loans 228 0 0 0 0 1 5 28 63 95 23 8 6

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 206 0 0 0 0 0 206 0 0 0 0 0 0

Bank premises 2,213 119 430 73 105 206 208 202 115 90 240 225 197

Central bank liquidity swaps8 22 1 7 1 2 5 1 1 0 0 0 0 3

Foreign currency denominated

assets9 21,595 954 7,127 1,188 1,645 4,816 1,199 579 222 92 216 274 3,285

Other assets10 21,184 562 11,529 580 639 1,472 1,195 855 363 183 353 849 2,605

Interdistrict settlement account 0 - 26,087 + 35,160 - 17,059 - 5,175 - 20,525 + 2,697 - 1,173 - 213 + 118 - 1,212 + 9,479 + 23,990

Total assets 4,473,840 84,440 2,570,183 105,208 130,206 256,869 254,638 177,604 56,730 33,420 61,559 169,109 573,874

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, August 24, 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 1,611,232 50,182 526,890 50,109 81,574 113,744 221,829 105,290 50,054 27,724 41,203 133,593 209,039

Less: Notes held by F.R. Banks 192,162 6,189 58,369 6,386 9,631 14,300 29,389 12,187 5,521 3,062 5,361 15,662 26,104

Federal Reserve notes, net 1,419,069 43,993 468,521 43,723 71,943 99,444 192,440 93,102 44,533 24,662 35,842 117,931 182,935

Reverse repurchase agreements11 335,860 8,250 191,127 9,119 10,058 20,526 18,798 13,382 4,239 2,476 4,674 11,955 41,255

Deposits 2,671,957 30,254 1,894,453 49,962 44,914 127,501 40,518 69,311 7,370 5,591 20,503 38,445 343,134

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 2,341,222 30,251 1,571,389 49,960 44,911 127,228 40,509 61,951 7,361 5,591 20,502 38,443 343,125

U.S. Treasury, General Account 244,881 0 244,881 0 0 0 0 0 0 0 0 0 0

Foreign official 5,164 2 5,137 2 3 9 2 1 0 0 0 1 6

Other12 80,691 2 73,047 0 0 264 7 7,359 8 0 1 1 3

Deferred availability cash items 606 0 0 0 0 0 235 0 0 371 0 0 0

Earnings remittances due to the U.S.

Treasury13 1,736 42 991 47 51 95 106 65 24 13 26 68 207

Other liabilities and accrued

dividends 4,468 152 1,936 185 190 492 322 250 133 136 120 203 348

Total liabilities 4,433,696 82,692 2,557,027 103,037 127,157 248,058 252,419 176,111 56,298 33,249 61,166 168,601 567,879

Capital

Capital paid in 30,144 1,306 9,857 1,620 2,287 6,580 1,663 1,225 329 128 293 381 4,474

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 4,473,840 84,440 2,570,183 105,208 130,206 256,869 254,638 177,604 56,730 33,420 61,559 169,109 573,874

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, August 24, 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 Aug 24, 2016

Federal Reserve notes outstanding 1,611,232

Less: Notes held by F.R. Banks not subject to collateralization 192,162

Federal Reserve notes to be collateralized 1,419,069

Collateral held against Federal Reserve notes 1,419,069

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,402,832

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,245,050

Less: Face value of securities under reverse repurchase agreements 310,244

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,934,805

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.