FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks April 5, 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

Apr 4, 2018 Mar 28, 2018 Apr 5, 2017

Wednesday

Apr 4, 2018

Reserve Bank credit 4,351,813 - 5,540 - 82,959 4,345,426

Securities held outright1 4,178,587 - 10,027 - 68,271 4,171,790

U.S. Treasury securities 2,419,828 - 4,996 - 44,579 2,413,031

Bills2 0 0 0 0

Notes and bonds, nominal2 2,288,742 - 5,143 - 50,728 2,281,885

Notes and bonds, inflation-indexed2 111,220 0 + 4,177 111,220

Inflation compensation3 19,866 + 147 + 1,971 19,926

Federal agency debt securities2 4,391 0 - 8,938 4,391

Mortgage-backed securities4 1,754,368 - 5,030 - 14,754 1,754,368

Unamortized premiums on securities held outright5 154,393 - 418 - 14,964 154,279

Unamortized discounts on securities held outright5 -14,010 + 13 + 964 -14,038

Repurchase agreements6 0 0 0 0

Loans 29 + 10 - 27 24

Primary credit 10 + 5 - 34 2

Secondary credit 0 0 0 0

Seasonal credit 19 + 5 + 8 23

Other credit extensions 0 0 0 0

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

Float -532 - 324 + 97 -378

Central bank liquidity swaps8 5,011 + 4,932 - 64 5,011

Other Federal Reserve assets9 26,626 + 272 - 695 27,029

Foreign currency denominated assets10 22,269 - 93 + 2,162 22,166

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 49,566 + 14 + 785 49,566

Total factors supplying reserve funds 4,439,889 - 5,619 - 80,013 4,433,399

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

1. Factors Affecting Reserve Balances of Depository Institutions (continued)

Millions of dollars

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Week ended

Apr 4, 2018 Mar 28, 2018 Apr 5, 2017

Wednesday

Apr 4, 2018

Currency in circulation11 1,637,768 + 2,466 + 100,573 1,640,597

Reverse repurchase agreements12 270,063 + 29,775 - 250,776 265,257

Foreign official and international accounts 248,976 + 19,599 - 3,201 260,687

Others 21,087 + 10,175 - 247,574 4,570

Treasury cash holdings 319 + 2 + 53 320

Deposits with F.R. Banks, other than reserve balances 393,054 - 17,567 + 212,476 384,291

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 303,916 - 14,942 + 214,706 300,604

Foreign official 5,255 - 54 + 76 5,254

Other13 83,883 - 2,571 - 2,307 78,434

Other liabilities and capital14 44,639 - 1,019 - 2,527 44,202

Total factors, other than reserve balances,

absorbing reserve funds 2,345,844 + 13,657 + 59,801 2,334,668

Reserve balances with Federal Reserve Banks 2,094,045 - 19,276 - 139,813 2,098,731

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

Apr 4, 2018 Mar 28, 2018 Apr 5, 2017

Wednesday

Apr 4, 2018

Securities held in custody for foreign official and international

accounts 3,437,837 - 6,386 + 223,646 3,441,253

Marketable U.S. Treasury securities1 3,084,140 - 6,796 + 192,545 3,088,031

Federal agency debt and mortgage-backed securities2 274,105 + 1,499 + 13,451 273,923

Other securities3 79,592 - 1,089 + 17,649 79,298

Securities lent to dealers 26,918 + 2,460 + 2,590 24,874

Overnight facility4 26,918 + 2,460 + 2,590 24,874

U.S. Treasury securities 26,918 + 2,460 + 2,638 24,874

Federal agency debt securities 0 0 - 48 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, April 4, 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 2 22 0 0 0 ... 24

U.S. Treasury securities1

Holdings 229 119,506 290,367 1,080,010 296,395 626,525 2,413,031

Weekly changes - 30,972 + 30,225 - 8,071 - 1,503 - 1,617 + 86 - 11,852

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 1 74 36,610 1,717,683 1,754,368

Weekly changes 0 0 0 + 8 + 901 - 909 0

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

Central bank liquidity swaps5 5,011 0 0 0 0 0 5,011

Reverse repurchase agreements4 265,257 0 ... ... ... ... 265,257

Term deposits 0 0 0 ... ... ... 0

Note: Components may not sum to totals because of rounding.

...Not applicable.

1. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the

original face value of such securities.

2. Face value.

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

4. Cash value of agreements.

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

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

central bank.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Wednesday Account name Apr 4, 2018

Mortgage-backed securities held outright1 1,754,368

Commitments to buy mortgage-backed securities2 14,422

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 3

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

2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls, and coupon swaps.

3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5 and table 6.

4. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Wednesday Account name Apr 4, 2018

Net portfolio holdings of Maiden Lane LLC1 1,708

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 0

Accrued interest payable to the Federal Reserve Bank of New York2 0

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 0

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an

orderly market on the measurement date. 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

Apr 4, 2018 Mar 28, 2018 Apr 5, 2017

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,822 - 13 - 86

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,312,055 - 12,154 - 89,111

Securities held outright1 4,171,790 - 11,852 - 75,116

U.S. Treasury securities 2,413,031 - 11,852 - 51,423

Bills2 0 0 0

Notes and bonds, nominal2 2,281,885 - 12,000 - 57,395

Notes and bonds, inflation-indexed2 111,220 0 + 3,987

Inflation compensation3 19,926 + 148 + 1,984

Federal agency debt securities2 4,391 0 - 8,938

Mortgage-backed securities4 1,754,368 0 - 14,754

Unamortized premiums on securities held outright5 154,279 - 267 - 14,935

Unamortized discounts on securities held outright5 -14,038 - 43 + 928

Repurchase agreements6 0 0 0

Loans 24 + 8 + 11

Net portfolio holdings of Maiden Lane LLC7 1,708 - 1 - 10

Items in process of collection (0) 75 + 2 + 3

Bank premises 2,198 + 1 - 1

Central bank liquidity swaps8 5,011 + 4,932 - 64

Foreign currency denominated assets9 22,166 - 89 + 2,124

Other assets10 24,831 + 1,226 - 1,385

Total assets (0) 4,386,104 - 6,094 - 88,530

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Apr 4, 2018 Mar 28, 2018 Apr 5, 2017

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,593,169 + 3,634 + 99,691

Reverse repurchase agreements11 265,257 + 9,817 - 159,933

Deposits (0) 2,483,022 - 18,320 - 25,327

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,098,731 - 20,274 - 239,045

U.S. Treasury, General Account 300,604 + 249 + 217,651

Foreign official 5,254 0 + 77

Other12 (0) 78,434 + 1,706 - 4,009

Deferred availability cash items (0) 453 - 150 - 223

Other liabilities and accrued dividends13 5,006 - 1,111 - 1,346

Total liabilities (0) 4,346,908 - 6,129 - 87,137

Capital accounts

Capital paid in 31,696 + 35 + 1,107

Surplus 7,500 0 - 2,500

Other capital accounts 0 0 0

Total capital 39,196 + 35 - 1,393

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, April 4, 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 11,037 349 3,592 348 553 776 1,520 737 341 191 292 916 1,422

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

Coin 1,822 54 50 184 118 267 183 299 29 52 112 187 286

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,312,055 84,014 2,428,069 111,335 125,045 252,644 253,822 181,378 57,500 33,623 61,155 172,624 550,846

Securities held outright1 4,171,790 81,282 2,349,101 107,714 120,978 244,428 245,567 175,460 55,630 32,525 59,166 167,009 532,931

U.S. Treasury securities 2,413,031 47,015 1,358,758 62,303 69,976 141,381 142,040 101,489 32,177 18,813 34,222 96,601 308,256

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

Notes and bonds3 2,413,031 47,015 1,358,758 62,303 69,976 141,381 142,040 101,489 32,177 18,813 34,222 96,601 308,256

Federal agency debt securities2 4,391 86 2,473 113 127 257 258 185 59 34 62 176 561

Mortgage-backed securities4 1,754,368 34,182 987,870 45,297 50,875 102,789 103,269 73,786 23,394 13,678 24,881 70,233 224,114

Unamortized premiums on securities 

held outright5 154,279 3,006 86,873 3,983 4,474 9,039 9,081 6,489 2,057 1,203 2,188 6,176 19,709

Unamortized discounts on securities 

held outright5 -14,038 -274 -7,905 -362 -407 -823 -826 -590 -187 -109 -199 -562 -1,793

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

Loans 24 0 0 1 0 0 0 19 0 4 0 1 0

Net portfolio holdings of Maiden

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

Items in process of collection 75 0 0 0 0 0 74 0 0 0 0 0 0

Bank premises 2,198 112 444 73 120 197 203 201 108 95 235 220 191

Central bank liquidity swaps8 5,011 213 1,580 285 404 1,083 290 212 72 23 50 62 738

Foreign currency denominated

assets9 22,166 943 6,989 1,259 1,789 4,788 1,281 940 320 102 220 274 3,262

Other assets10 24,831 518 13,529 640 734 1,671 1,487 1,050 413 204 421 1,013 3,152

Interdistrict settlement account 0 + 4,095 - 81,810 - 1,371 + 104 + 38,023 + 13,771 + 40,229 + 1,872 + 2,395 + 9,817 + 7,416 - 34,542

Total assets 4,386,104 90,493 2,375,969 112,964 129,105 299,861 273,284 225,471 60,806 36,775 72,454 182,995 525,928

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

6. Statement of Condition of Each Federal Reserve Bank, April 4, 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 1,774,780 59,896 602,953 53,753 88,382 124,040 242,297 114,375 52,041 30,685 47,297 139,389 219,670

Less: Notes held by F.R. Banks 181,610 6,410 48,617 7,090 9,835 13,614 27,330 12,004 5,441 3,667 5,932 17,366 24,305

Federal Reserve notes, net 1,593,169 53,487 554,337 46,663 78,547 110,426 214,968 102,372 46,600 27,018 41,365 122,023 195,365

Reverse repurchase agreements11 265,257 5,168 149,364 6,849 7,692 15,542 15,614 11,156 3,537 2,068 3,762 10,619 33,886

Deposits 2,483,022 30,007 1,657,859 56,971 39,521 164,914 40,019 109,988 9,927 6,977 26,785 49,601 290,454

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 2,098,731 29,976 1,327,938 56,969 39,456 164,523 39,981 56,202 9,919 6,976 26,775 49,569 290,446

U.S. Treasury, General Account 300,604 0 300,604 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 78,434 29 24,090 0 61 382 36 53,784 7 0 10 31 2

Deferred availability cash items 453 0 0 0 0 0 67 0 0 386 0 0 0

Earnings remittances due to the U.S.

Treasury13 974 7 637 9 11 -4 81 32 24 9 5 57 106

Other liabilities and accrued

dividends 4,032 162 1,459 185 193 501 295 270 134 137 139 206 351

Total liabilities 4,346,908 88,832 2,363,655 110,676 125,964 291,378 271,044 223,819 60,222 36,596 72,056 182,506 520,160

Capital

Capital paid in 31,696 1,343 9,949 1,861 2,536 6,863 1,806 1,334 475 145 323 396 4,664

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 4,386,104 90,493 2,375,969 112,964 129,105 299,861 273,284 225,471 60,806 36,775 72,454 182,995 525,928

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

6. Statement of Condition of Each Federal Reserve Bank, April 4, 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 Apr 4, 2018

Federal Reserve notes outstanding 1,774,780

Less: Notes held by F.R. Banks not subject to collateralization 181,610

Federal Reserve notes to be collateralized 1,593,169

Collateral held against Federal Reserve notes 1,593,169

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,576,932

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,171,790

Less: Face value of securities under reverse repurchase agreements 260,703

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,911,088

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.