FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks September 22, 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 21, 2016 Sep 14, 2016 Sep 23, 2015

Wednesday

Sep 21, 2016

Reserve Bank credit 4,426,156 + 2,941 - 30,363 4,433,021

Securities held outright1 4,235,011 + 2,180 - 12,494 4,241,341

U.S. Treasury securities 2,463,523 - 46 + 1,577 2,463,506

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 17,323 - 46 + 552 17,306

Federal agency debt securities2 20,492 - 2,000 - 14,601 20,492

Mortgage-backed securities4 1,750,995 + 4,226 + 528 1,757,343

Unamortized premiums on securities held outright5 177,855 - 41 - 16,684 178,060

Unamortized discounts on securities held outright5 -15,525 + 38 + 1,609 -15,513

Repurchase agreements6 0 0 0 0

Loans 234 + 39 - 35 229

Primary credit 30 + 24 + 19 20

Secondary credit 0 0 0 0

Seasonal credit 203 + 13 - 55 209

Other credit extensions 0 0 0 0

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

Float -306 + 34 - 423 -298

Central bank liquidity swaps8 2 - 4 - 681 2

Other Federal Reserve assets9 27,178 + 694 - 1,659 27,491

Foreign currency denominated assets10 21,378 - 14 + 1,293 21,483

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 48,147 + 14 + 846 48,147

Total factors supplying reserve funds 4,511,922 + 2,941 - 28,224 4,518,892

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 21, 2016 Sep 14, 2016 Sep 23, 2015

Wednesday

Sep 21, 2016

Currency in circulation11 1,468,505 - 2,763 + 84,731 1,468,589

Reverse repurchase agreements12 366,859 + 43,919 + 76,058 429,394

Foreign official and international accounts 250,083 + 2,962 + 90,693 252,559

Others 116,776 + 40,957 - 14,634 176,835

Treasury cash holdings 114 + 9 - 32 121

Deposits with F.R. Banks, other than reserve balances 384,815 + 86,890 + 208,802 403,358

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 340,448 + 97,366 + 186,936 358,603

Foreign official 5,165 - 71 - 262 5,168

Other13 39,202 - 10,404 + 22,129 39,588

Other liabilities and capital14 47,162 - 1,091 - 19,387 47,111

Total factors, other than reserve balances,

absorbing reserve funds 2,267,456 + 126,965 + 350,174 2,348,573

Reserve balances with Federal Reserve Banks 2,244,467 - 124,024 - 378,398 2,170,319

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 21, 2016 Sep 14, 2016 Sep 23, 2015

Wednesday

Sep 21, 2016

Securities held in custody for foreign official and international

accounts 3,150,270 - 14,275 - 201,301 3,147,423

Marketable U.S. Treasury securities1 2,829,202 - 12,214 - 194,748 2,827,085

Federal agency debt and mortgage-backed securities2 261,569 - 1,421 - 21,101 260,233

Other securities3 59,499 - 641 + 14,548 60,104

Securities lent to dealers 23,921 - 58 + 9,726 23,267

Overnight facility4 23,921 - 58 + 9,726 23,267

U.S. Treasury securities 23,906 - 57 + 9,760 23,252

Federal agency debt securities 15 - 1 - 34 15

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 21, 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 223 7 0 0 0 ... 229

U.S. Treasury securities1

Holdings 6,827 30,639 150,740 1,209,216 431,074 635,011 2,463,506

Weekly changes + 6,827 - 6,827 - 2 - 7 - 8 - 28 - 47

Federal agency debt securities2

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

Weekly changes - 2,000 + 2,313 - 2,313 0 0 0 - 2,000

Mortgage-backed securities3

Holdings 0 0 0 1,402 11,501 1,744,440 1,757,343

Weekly changes 0 0 0 - 8 + 797 - 6,919 - 6,130

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

Central bank liquidity swaps5 2 0 0 0 0 0 2

Reverse repurchase agreements4 429,394 0 ... ... ... ... 429,394

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 21, 2016

Mortgage-backed securities held outright1 1,757,343

Commitments to buy mortgage-backed securities2 23,856

Commitments to sell mortgage-backed securities2 0

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 Sep 21, 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 21, 2016 Sep 14, 2016 Sep 23, 2015

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,927 + 2 + 20

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,404,118 - 8,488 - 23,165

Securities held outright1 4,241,341 - 8,176 - 8,317

U.S. Treasury securities 2,463,506 - 47 + 1,560

Bills2 0 0 0

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

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

Inflation compensation3 17,306 - 46 + 534

Federal agency debt securities2 20,492 - 2,000 - 14,601

Mortgage-backed securities4 1,757,343 - 6,130 + 4,724

Unamortized premiums on securities held outright5 178,060 - 365 - 16,400

Unamortized discounts on securities held outright5 -15,513 + 38 + 1,606

Repurchase agreements6 0 0 0

Loans 229 + 14 - 54

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

Items in process of collection (0) 67 - 146 - 240

Bank premises 2,205 + 1 - 33

Central bank liquidity swaps8 2 - 4 - 681

Foreign currency denominated assets9 21,483 + 39 + 1,515

Other assets10 25,286 - 7 - 1,873

Total assets (0) 4,473,032 - 8,603 - 24,452

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 21, 2016 Sep 14, 2016 Sep 23, 2015

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,422,486 - 1,936 + 82,643

Reverse repurchase agreements11 429,394 + 112,794 + 125,597

Deposits (0) 2,573,677 - 117,357 - 214,906

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,170,319 - 178,969 - 431,877

U.S. Treasury, General Account 358,603 + 105,912 + 193,662

Foreign official 5,168 + 2 - 88

Other12 (0) 39,588 - 44,301 + 23,398

Deferred availability cash items (0) 365 - 396 + 127

Other liabilities and accrued dividends13 6,947 - 1,724 + 476

Total liabilities (0) 4,432,869 - 8,619 - 6,064

Capital accounts

Capital paid in 30,164 + 17 + 888

Surplus 10,000 0 - 19,276

Other capital accounts 0 0 0

Total capital 40,164 + 17 - 18,388

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 21, 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 48 74 155 134 302 192 281 33 55 136 195 322

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,404,118 108,183 2,506,108 119,575 131,889 269,143 246,499 175,497 55,642 32,561 61,311 156,763 540,947

Securities held outright1 4,241,341 104,190 2,413,608 115,162 127,021 259,204 237,384 168,996 53,529 31,270 59,028 150,969 520,980

U.S. Treasury securities 2,463,506 60,517 1,401,900 66,890 73,778 150,554 137,880 98,158 31,091 18,162 34,286 87,688 302,602

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

Notes and bonds3 2,463,506 60,517 1,401,900 66,890 73,778 150,554 137,880 98,158 31,091 18,162 34,286 87,688 302,602

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 1,757,343 43,170 1,000,046 47,716 52,629 107,398 98,357 70,021 22,179 12,956 24,458 62,552 215,861

Unamortized premiums on securities 

held outright5 178,060 4,374 101,328 4,835 5,333 10,882 9,966 7,095 2,247 1,313 2,478 6,338 21,872

Unamortized discounts on securities 

held outright5 -15,513 -381 -8,828 -421 -465 -948 -868 -618 -196 -114 -216 -552 -1,905

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

Loans 229 0 0 0 0 5 17 25 62 93 21 7 0

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 67 0 0 0 0 0 67 0 0 0 0 0 0

Bank premises 2,205 119 428 72 105 206 208 201 115 90 240 225 197

Central bank liquidity swaps8 2 0 1 0 0 0 0 0 0 0 0 0 0

Foreign currency denominated

assets9 21,483 949 7,090 1,182 1,636 4,791 1,193 576 220 92 214 272 3,268

Other assets10 25,286 652 13,854 687 757 1,711 1,415 1,015 520 207 400 963 3,106

Interdistrict settlement account 0 - 23,185 + 41,455 - 2,485 - 9,686 - 26,941 + 7,534 - 4,210 - 248 + 66 - 730 + 12,757 + 5,674

Total assets 4,473,032 87,317 2,576,123 119,756 125,657 250,385 259,302 174,537 56,792 33,354 62,021 172,331 555,459

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 21, 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 1,613,878 50,221 526,777 50,069 81,054 113,868 223,934 106,568 49,869 27,824 41,529 133,606 208,559

Less: Notes held by F.R. Banks 191,392 6,296 54,106 6,868 9,799 14,421 29,389 12,718 5,587 3,222 5,546 16,449 26,992

Federal Reserve notes, net 1,422,486 43,924 472,671 43,202 71,255 99,447 194,545 93,850 44,283 24,602 35,984 117,157 181,567

Reverse repurchase agreements11 429,394 10,548 244,354 11,659 12,860 26,242 24,033 17,109 5,419 3,166 5,976 15,284 52,744

Deposits 2,573,677 30,888 1,842,558 62,472 38,228 115,244 37,964 61,746 6,493 4,975 19,513 39,087 314,509

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 2,170,319 30,884 1,446,830 62,470 38,225 115,061 37,955 54,340 6,480 4,975 19,512 39,086 314,500

U.S. Treasury, General Account 358,603 0 358,603 0 0 0 0 0 0 0 0 0 0

Foreign official 5,168 2 5,141 2 3 9 2 1 0 0 0 1 6

Other12 39,588 2 31,984 0 0 174 7 7,404 13 0 1 0 3

Deferred availability cash items 365 0 0 0 0 0 76 0 0 288 0 0 0

Earnings remittances due to the U.S.

Treasury13 1,192 25 673 31 37 77 76 44 15 8 15 45 144

Other liabilities and accrued

dividends 5,756 183 2,697 221 228 564 388 294 149 145 139 247 500

Total liabilities 4,432,869 85,569 2,562,952 117,585 122,608 241,573 257,083 173,043 56,360 33,184 61,628 171,820 549,463

Capital

Capital paid in 30,164 1,306 9,871 1,621 2,287 6,581 1,664 1,225 329 127 293 385 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 4,473,032 87,317 2,576,123 119,756 125,657 250,385 259,302 174,537 56,792 33,354 62,021 172,331 555,459

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 21, 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 21, 2016

Federal Reserve notes outstanding 1,613,878

Less: Notes held by F.R. Banks not subject to collateralization 191,392

Federal Reserve notes to be collateralized 1,422,486

Collateral held against Federal Reserve notes 1,422,486

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,406,249

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,241,341

Less: Face value of securities under reverse repurchase agreements 403,105

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,838,236

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.