FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks August 30, 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

Aug 29, 2018 Aug 22, 2018 Aug 30, 2017

Wednesday

Aug 29, 2018

Reserve Bank credit 4,185,664 - 4,195 - 227,735 4,179,238

Securities held outright1 4,029,546 - 4,656 - 211,639 4,024,004

U.S. Treasury securities 2,324,571 + 63 - 140,719 2,324,589

Bills2 100 + 14 + 100 100

Notes and bonds, nominal2 2,188,006 0 - 149,559 2,188,006

Notes and bonds, inflation-indexed2 114,592 0 + 5,619 114,592

Inflation compensation3 21,873 + 49 + 3,121 21,891

Federal agency debt securities2 2,409 0 - 4,348 2,409

Mortgage-backed securities4 1,702,566 - 4,719 - 66,572 1,697,006

Unamortized premiums on securities held outright5 146,784 - 444 - 16,907 146,528

Unamortized discounts on securities held outright5 -13,796 + 30 + 781 -13,785

Repurchase agreements6 0 0 0 0

Loans 293 + 8 + 66 311

Primary credit 24 - 12 + 22 39

Secondary credit 0 0 0 0

Seasonal credit 270 + 22 + 45 272

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,720 + 1 + 12 1,718

Float -216 - 49 + 181 -498

Central bank liquidity swaps8 92 + 24 + 56 92

Other Federal Reserve assets9 21,242 + 892 - 283 20,868

Foreign currency denominated assets10 21,085 + 158 - 452 21,098

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 49,729 + 14 + 636 49,729

Total factors supplying reserve funds 4,272,718 - 4,024 - 227,552 4,266,306

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 29, 2018 Aug 22, 2018 Aug 30, 2017

Wednesday

Aug 29, 2018

Currency in circulation11 1,676,374 + 2,646 + 109,188 1,681,023

Reverse repurchase agreements12 242,238 - 6,772 - 128,247 232,432

Foreign official and international accounts 239,429 - 7,178 - 3,534 231,592

Others 2,809 + 406 - 124,713 840

Treasury cash holdings 216 - 3 + 43 211

Deposits with F.R. Banks, other than reserve balances 424,452 - 1,561 + 274,824 427,249

Term deposits held by depository institutions 2,487 + 2,487 + 2,487 2,487

U.S. Treasury, General Account 342,543 - 5,850 + 281,486 345,255

Foreign official 5,256 - 18 - 28 5,257

Other13 74,165 + 1,819 - 9,121 74,251

Other liabilities and capital14 45,515 + 996 - 2,738 44,883

Total factors, other than reserve balances,

absorbing reserve funds 2,388,794 - 4,694 + 253,070 2,385,799

Reserve balances with Federal Reserve Banks 1,883,924 + 670 - 480,622 1,880,507

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

Aug 29, 2018 Aug 22, 2018 Aug 30, 2017

Wednesday

Aug 29, 2018

Securities held in custody for foreign official and international

accounts 3,429,056 - 787 + 84,038 3,419,272

Marketable U.S. Treasury securities1 3,059,869 + 662 + 40,472 3,050,312

Federal agency debt and mortgage-backed securities2 298,729 - 926 + 34,567 298,658

Other securities3 70,458 - 524 + 8,999 70,302

Securities lent to dealers 17,992 + 3,781 - 7,807 19,631

Overnight facility4 17,992 + 3,781 - 7,807 19,631

U.S. Treasury securities 17,992 + 3,781 - 7,805 19,631

Federal agency debt securities 0 0 - 2 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, August 29, 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 292 19 0 0 0 ... 311

U.S. Treasury securities1

Holdings 20,932 77,244 326,061 1,016,040 267,189 617,123 2,324,589

Weekly changes 0 0 + 1 + 7 + 18 + 24 + 49

Federal agency debt securities2

Holdings 0 0 62 0 0 2,347 2,409

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities3

Holdings 0 0 0 144 42,637 1,654,224 1,697,006

Weekly changes 0 0 0 - 5 - 754 - 8,966 - 9,725

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

Central bank liquidity swaps5 92 0 0 0 0 0 92

Reverse repurchase agreements4 232,432 0 ... ... ... ... 232,432

Term deposits 2,487 0 0 ... ... ... 2,487

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 29, 2018

Mortgage-backed securities held outright1 1,697,006

Commitments to buy mortgage-backed securities2 5,924

Commitments to sell mortgage-backed securities2 15

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 Aug 29, 2018

Net portfolio holdings of Maiden Lane LLC1 1,718

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

Aug 29, 2018 Aug 22, 2018 Aug 30, 2017

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,768 - 23 - 90

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,157,058 - 10,159 - 231,751

Securities held outright1 4,024,004 - 9,676 - 215,606

U.S. Treasury securities 2,324,589 + 49 - 140,711

Bills2 100 0 + 100

Notes and bonds, nominal2 2,188,006 0 - 149,559

Notes and bonds, inflation-indexed2 114,592 0 + 5,619

Inflation compensation3 21,891 + 49 + 3,130

Federal agency debt securities2 2,409 0 - 4,348

Mortgage-backed securities4 1,697,006 - 9,725 - 70,547

Unamortized premiums on securities held outright5 146,528 - 540 - 17,014

Unamortized discounts on securities held outright5 -13,785 + 30 + 781

Repurchase agreements6 0 0 0

Loans 311 + 26 + 88

Net portfolio holdings of Maiden Lane LLC7 1,718 - 2 + 10

Items in process of collection (0) 76 + 22 + 20

Bank premises 2,183 0 - 21

Central bank liquidity swaps8 92 + 24 + 56

Foreign currency denominated assets9 21,098 + 18 - 396

Other assets10 18,685 + 217 - 1,274

Total assets (0) 4,218,914 - 9,904 - 233,446

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 29, 2018 Aug 22, 2018 Aug 30, 2017

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,633,269 + 5,879 + 109,794

Reverse repurchase agreements11 232,432 - 11,772 - 156,276

Deposits (0) 2,307,757 - 4,614 - 183,485

Term deposits held by depository institutions 2,487 + 2,487 + 2,487

Other deposits held by depository institutions 1,880,507 - 22,278 - 451,449

U.S. Treasury, General Account 345,255 + 10,263 + 278,378

Foreign official 5,257 + 1 + 92

Other12 (0) 74,251 + 4,913 - 12,993

Deferred availability cash items (0) 574 + 296 - 659

Other liabilities and accrued dividends13 5,856 + 303 - 860

Total liabilities (0) 4,179,888 - 9,908 - 231,486

Capital accounts

Capital paid in 32,202 + 6 + 1,215

Surplus 6,825 0 - 3,175

Other capital accounts 0 0 0

Total capital 39,027 + 6 - 1,960

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, August 29, 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 1,768 43 41 159 115 250 192 294 34 44 108 201 287

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,157,058 79,389 2,294,847 104,949 117,845 245,980 249,533 222,675 55,466 34,785 65,446 171,882 514,260

Securities held outright1 4,024,004 76,854 2,221,562 101,598 114,082 238,125 241,548 215,517 53,573 33,580 63,347 166,392 497,826

U.S. Treasury securities 2,324,589 44,397 1,283,353 58,691 65,903 137,560 139,538 124,500 30,948 19,399 36,595 96,121 287,584

Bills2 100 2 55 3 3 6 6 5 1 1 2 4 12

Notes and bonds3 2,324,489 44,395 1,283,298 58,688 65,900 137,554 139,532 124,495 30,947 19,398 36,593 96,117 287,572

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

Mortgage-backed securities4 1,697,006 32,411 936,879 42,846 48,111 100,422 101,866 90,888 22,593 14,161 26,715 70,171 209,944

Unamortized premiums on securities 

held outright5 146,528 2,799 80,895 3,700 4,154 8,671 8,796 7,848 1,951 1,223 2,307 6,059 18,128

Unamortized discounts on securities 

held outright5 -13,785 -263 -7,610 -348 -391 -816 -827 -738 -184 -115 -217 -570 -1,705

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

Loans 311 0 1 0 0 0 17 48 126 97 9 1 11

Net portfolio holdings of Maiden

Lane LLC7 1,718 0 1,718 0 0 0 0 0 0 0 0 0 0

Items in process of collection 76 0 0 0 0 0 75 0 0 0 0 0 0

Bank premises 2,183 109 442 76 118 195 203 197 106 95 233 219 189

Central bank liquidity swaps8 92 4 29 5 7 20 5 4 1 0 1 1 14

Foreign currency denominated

assets9 21,098 898 6,652 1,198 1,703 4,557 1,219 894 304 97 209 261 3,105

Other assets10 18,685 386 9,784 463 532 1,291 1,111 972 445 204 349 876 2,272

Interdistrict settlement account 0 - 2,700 + 34,869 - 6,539 + 182 + 15,671 + 30,529 - 11,110 + 1,074 - 344 - 8,578 + 3,094 - 56,148

Total assets 4,218,914 78,690 2,353,826 100,872 121,284 269,149 285,013 215,089 57,915 35,170 58,228 177,721 465,957

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 29, 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 1,813,343 58,519 605,041 54,407 87,750 125,431 262,757 119,359 54,732 30,425 47,154 149,868 217,903

Less: Notes held by F.R. Banks 180,073 6,279 44,824 7,136 9,115 14,532 26,936 12,125 5,402 3,101 5,546 17,398 27,679

Federal Reserve notes, net 1,633,269 52,240 560,217 47,270 78,635 110,899 235,821 107,234 49,330 27,323 41,608 132,469 190,224

Reverse repurchase agreements11 232,432 4,439 128,320 5,868 6,590 13,754 13,952 12,449 3,094 1,940 3,659 9,611 28,755

Deposits 2,307,757 20,174 1,650,514 45,243 32,707 135,504 32,530 93,403 4,758 5,048 12,407 34,874 240,596

Term deposits held by depository

institutions 2,487 25 785 1,000 7 0 0 170 0 0 0 0 500

Other deposits held by depository

institutions 1,880,507 20,116 1,272,436 44,241 32,475 135,010 32,487 46,806 4,749 4,985 12,396 34,719 240,088

U.S. Treasury, General Account 345,255 0 345,255 0 0 0 0 0 0 0 0 0 0

Foreign official 5,257 2 5,229 2 3 9 2 2 1 0 0 0 6

Other12 74,251 31 26,808 1 222 485 41 46,425 9 63 10 155 2

Deferred availability cash items 574 0 0 0 0 0 52 0 0 522 0 0 0

Earnings remittances due to the U.S.

Treasury13 1,078 20 543 28 39 50 98 51 18 13 23 62 134

Other liabilities and accrued

dividends 4,779 184 1,862 207 206 580 324 321 128 147 156 222 442

Total liabilities 4,179,888 77,056 2,341,456 98,617 118,177 260,787 282,776 213,458 57,328 34,993 57,852 177,237 460,150

Capital

Capital paid in 32,202 1,343 10,219 1,868 2,556 6,887 1,842 1,342 489 146 308 399 4,802

Surplus 6,825 290 2,151 388 551 1,474 394 289 98 31 68 84 1,005

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

Total liabilities and capital 4,218,914 78,690 2,353,826 100,872 121,284 269,149 285,013 215,089 57,915 35,170 58,228 177,721 465,957

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 29, 2018 (continued)

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2. Face value of the securities.

3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.

5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury securities, Federal

agency debt securities, and mortgage-backed securities, amortization is on an effective-interest basis.

6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

7. Refer to table 4 and the note on consolidation below.

8. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate

equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.

9. Revalued daily at current foreign currency exchange rates.

10. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.

11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

12. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by

depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements. Also includes certain deposit accounts other than the U.S. Treasury,

General Account, for services provided by the Reserve Banks as fiscal agents of the United States.

13. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after

providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $6.825 billion surplus.

Note on consolidation:

On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to acquire certain

assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the remaining outstanding balance of

the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual returns and could have absorbed any

residual losses should they have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the assets and liabilities of FRBNY in the preparation

of the statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was eliminated, the net assets of ML appeared as assets on the previous

page (and in table 1 and table 5), and the liabilities of ML to entities other than FRBNY, including those with recourse only to the ML portfolio holdings, were included in other liabilities in this table (and table 1

and table 5).
H.4.1

7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents’ Accounts

Millions of dollars

Wednesday Federal Reserve notes and collateral Aug 29, 2018

Federal Reserve notes outstanding 1,813,343

Less: Notes held by F.R. Banks not subject to collateralization 180,073

Federal Reserve notes to be collateralized 1,633,269

Collateral held against Federal Reserve notes 1,633,269

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,617,032

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,024,004

Less: Face value of securities under reverse repurchase agreements 233,532

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,790,472

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.