FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks May 10, 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

May 9, 2018 May 2, 2018 May 10, 2017

Wednesday

May 9, 2018

Reserve Bank credit 4,317,537 - 8,194 - 116,451 4,318,466

Securities held outright1 4,144,866 - 10,136 - 100,785 4,144,891

U.S. Treasury securities 2,395,503 - 10,137 - 69,303 2,395,528

Bills2 0 0 0 0

Notes and bonds, nominal2 2,262,072 - 11,384 - 77,668 2,262,072

Notes and bonds, inflation-indexed2 112,949 + 1,167 + 6,146 112,949

Inflation compensation3 20,482 + 81 + 2,219 20,507

Federal agency debt securities2 4,391 0 - 7,438 4,391

Mortgage-backed securities4 1,744,972 0 - 24,044 1,744,972

Unamortized premiums on securities held outright5 152,616 - 257 - 15,212 152,544

Unamortized discounts on securities held outright5 -13,917 + 3 + 924 -13,907

Repurchase agreements6 9 + 9 0 64

Loans 78 - 47 + 37 60

Primary credit 18 - 50 + 17 0

Secondary credit 0 0 0 0

Seasonal credit 60 + 3 + 19 60

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,715 + 1 + 6 1,715

Float -169 + 464 + 133 -176

Central bank liquidity swaps8 80 - 37 + 45 80

Other Federal Reserve assets9 32,259 + 1,806 - 1,599 33,195

Foreign currency denominated assets10 21,547 - 158 + 1,334 21,434

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 49,636 + 14 + 771 49,636

Total factors supplying reserve funds 4,404,961 - 8,339 - 114,347 4,405,778

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

May 9, 2018 May 2, 2018 May 10, 2017

Wednesday

May 9, 2018

Currency in circulation11 1,646,778 + 3,119 + 100,178 1,649,163

Reverse repurchase agreements12 253,503 + 5,319 - 151,019 247,480

Foreign official and international accounts 248,949 + 6,012 + 7,329 244,760

Others 4,554 - 692 - 158,348 2,720

Treasury cash holdings 280 - 9 + 26 273

Deposits with F.R. Banks, other than reserve balances 432,902 - 49,230 + 145,575 416,731

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 353,741 - 46,243 + 154,728 338,377

Foreign official 5,255 + 1 + 84 5,254

Other13 73,906 - 2,988 - 9,237 73,100

Other liabilities and capital14 45,747 + 1,294 - 2,668 45,357

Total factors, other than reserve balances,

absorbing reserve funds 2,379,211 - 39,505 + 92,094 2,359,003

Reserve balances with Federal Reserve Banks 2,025,750 + 31,166 - 206,441 2,046,775

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

May 9, 2018 May 2, 2018 May 10, 2017

Wednesday

May 9, 2018

Securities held in custody for foreign official and international

accounts 3,396,607 - 10,936 + 174,772 3,385,932

Marketable U.S. Treasury securities1 3,044,192 - 10,830 + 138,848 3,033,437

Federal agency debt and mortgage-backed securities2 275,600 + 435 + 20,287 275,636

Other securities3 76,815 - 540 + 15,637 76,859

Securities lent to dealers 18,873 - 1,091 - 2,913 20,564

Overnight facility4 18,873 - 1,091 - 2,913 20,564

U.S. Treasury securities 18,873 - 1,091 - 2,884 20,564

Federal agency debt securities 0 0 - 29 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, May 9, 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 17 44 0 0 0 ... 60

U.S. Treasury securities1

Holdings 26,228 90,360 290,879 1,068,428 304,602 615,031 2,395,528

Weekly changes 0 + 1 + 1 + 10 + 23 + 33 + 68

Federal agency debt securities2

Holdings 0 1,982 62 0 0 2,347 4,391

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities3

Holdings 0 0 0 79 39,939 1,704,954 1,744,972

Weekly changes 0 0 - 1 0 + 3,850 - 3,850 0

Repurchase agreements4 64 0 ... ... ... ... 64

Central bank liquidity swaps5 80 0 0 0 0 0 80

Reverse repurchase agreements4 247,480 0 ... ... ... ... 247,480

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 May 9, 2018

Mortgage-backed securities held outright1 1,744,972

Commitments to buy mortgage-backed securities2 13,801

Commitments to sell mortgage-backed securities2 20

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 May 9, 2018

Net portfolio holdings of Maiden Lane LLC1 1,715

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

May 9, 2018 May 2, 2018 May 10, 2017

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,815 - 4 - 45

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,283,652 - 231 - 115,015

Securities held outright1 4,144,891 + 68 - 100,769

U.S. Treasury securities 2,395,528 + 68 - 69,287

Bills2 0 0 0

Notes and bonds, nominal2 2,262,072 0 - 77,668

Notes and bonds, inflation-indexed2 112,949 0 + 6,146

Inflation compensation3 20,507 + 68 + 2,235

Federal agency debt securities2 4,391 0 - 7,438

Mortgage-backed securities4 1,744,972 0 - 24,044

Unamortized premiums on securities held outright5 152,544 - 231 - 15,187

Unamortized discounts on securities held outright5 -13,907 + 29 + 923

Repurchase agreements6 64 + 64 + 2

Loans 60 - 161 + 15

Net portfolio holdings of Maiden Lane LLC7 1,715 + 1 + 6

Items in process of collection (0) 77 - 2 + 15

Bank premises 2,194 0 - 2

Central bank liquidity swaps8 80 - 37 + 45

Foreign currency denominated assets9 21,434 - 140 + 1,370

Other assets10 31,002 + 2,492 - 1,628

Total assets (0) 4,358,207 + 2,078 - 115,252

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

May 9, 2018 May 2, 2018 May 10, 2017

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,601,610 + 3,011 + 99,938

Reverse repurchase agreements11 247,480 - 8,692 - 177,613

Deposits (0) 2,463,507 + 7,025 - 35,200

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,046,776 + 54,953 - 173,142

U.S. Treasury, General Account 338,377 - 46,584 + 150,121

Foreign official 5,254 0 + 89

Other12 (0) 73,100 - 1,345 - 12,267

Deferred availability cash items (0) 254 - 76 - 159

Other liabilities and accrued dividends13 6,080 + 797 - 780

Total liabilities (0) 4,318,930 + 2,064 - 113,814

Capital accounts

Capital paid in 31,777 + 15 + 1,061

Surplus 7,500 0 - 2,500

Other capital accounts 0 0 0

Total capital 39,277 + 15 - 1,439

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, May 9, 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 1,815 51 52 179 114 262 186 298 27 50 109 185 302

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,283,652 81,812 2,364,875 108,152 121,441 253,486 257,134 229,442 57,052 35,755 67,434 177,126 529,943

Securities held outright1 4,144,891 79,163 2,288,301 104,650 117,509 245,279 248,804 221,991 55,182 34,589 65,250 171,390 512,782

U.S. Treasury securities 2,395,528 45,752 1,322,517 60,482 67,914 141,758 143,796 128,299 31,892 19,991 37,711 99,055 296,361

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

Notes and bonds3 2,395,528 45,752 1,322,517 60,482 67,914 141,758 143,796 128,299 31,892 19,991 37,711 99,055 296,361

Federal agency debt securities2 4,391 84 2,424 111 124 260 264 235 58 37 69 182 543

Mortgage-backed securities4 1,744,972 33,327 963,360 44,057 49,471 103,261 104,745 93,457 23,231 14,562 27,470 72,154 215,878

Unamortized premiums on securities 

held outright5 152,544 2,913 84,216 3,851 4,325 9,027 9,157 8,170 2,031 1,273 2,401 6,308 18,872

Unamortized discounts on securities 

held outright5 -13,907 -266 -7,678 -351 -394 -823 -835 -745 -185 -116 -219 -575 -1,720

Repurchase agreements6 64 1 35 2 2 4 4 3 1 1 1 3 8

Loans 60 0 0 0 0 0 4 22 24 9 0 0 2

Net portfolio holdings of Maiden

Lane LLC7 1,715 0 1,715 0 0 0 0 0 0 0 0 0 0

Items in process of collection 77 0 0 0 0 0 77 0 0 0 0 0 0

Bank premises 2,194 111 444 74 120 197 203 200 108 95 234 220 190

Central bank liquidity swaps8 80 3 25 5 6 17 5 3 1 0 1 1 12

Foreign currency denominated

assets9 21,434 912 6,758 1,217 1,730 4,630 1,238 909 309 98 212 265 3,155

Other assets10 31,002 625 16,618 780 894 2,057 1,861 1,638 513 331 560 1,318 3,807

Interdistrict settlement account 0 - 1,641 + 88,419 - 4,767 - 2,766 + 2,907 + 8,384 - 19,543 - 1,728 - 2,012 - 3,051 - 4,859 - 59,342

Total assets 4,358,207 82,433 2,484,351 106,200 122,320 264,742 271,233 214,109 56,766 34,607 65,958 175,442 480,045

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, May 9, 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 1,782,256 59,567 605,903 54,203 88,049 125,810 247,264 114,058 52,073 30,512 47,238 138,878 218,701

Less: Notes held by F.R. Banks 180,646 6,244 45,954 7,215 9,910 14,118 28,587 12,596 5,525 3,423 5,851 16,763 24,461

Federal Reserve notes, net 1,601,610 53,323 559,949 46,988 78,138 111,692 218,677 101,463 46,548 27,090 41,388 122,115 194,240

Reverse repurchase agreements11 247,480 4,727 136,628 6,248 7,016 14,645 14,855 13,254 3,295 2,065 3,896 10,233 30,617

Deposits 2,463,507 22,528 1,772,762 50,439 33,780 129,308 34,966 97,357 6,185 4,947 20,114 42,319 248,800

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 2,046,776 22,498 1,407,546 50,437 33,716 129,053 34,930 46,320 6,180 4,947 20,069 42,287 248,793

U.S. Treasury, General Account 338,377 0 338,377 0 0 0 0 0 0 0 0 0 0

Foreign official 5,254 2 5,227 2 3 9 2 2 1 0 0 0 6

Other12 73,100 29 21,613 0 61 246 33 51,036 4 0 45 31 2

Deferred availability cash items 254 0 0 0 0 0 77 0 0 176 0 0 0

Earnings remittances due to the U.S.

Treasury13 1,334 25 738 28 35 51 97 71 21 12 23 69 163

Other liabilities and accrued

dividends 4,746 168 1,958 202 207 540 310 310 136 138 139 218 420

Total liabilities 4,318,930 80,771 2,472,036 103,906 119,176 256,237 268,983 212,455 56,184 34,428 65,560 174,954 474,240

Capital

Capital paid in 31,777 1,343 9,951 1,868 2,538 6,884 1,817 1,336 474 145 324 396 4,702

Surplus 7,500 319 2,364 426 605 1,620 433 318 108 34 74 93 1,104

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

Total liabilities and capital 4,358,207 82,433 2,484,351 106,200 122,320 264,742 271,233 214,109 56,766 34,607 65,958 175,442 480,045

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, May 9, 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 $7.5 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 May 9, 2018

Federal Reserve notes outstanding 1,782,256

Less: Notes held by F.R. Banks not subject to collateralization 180,646

Federal Reserve notes to be collateralized 1,601,610

Collateral held against Federal Reserve notes 1,601,610

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,585,373

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,144,955

Less: Face value of securities under reverse repurchase agreements 243,417

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,901,538

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.