FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks August 2, 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 1, 2018 Jul 25, 2018 Aug 2, 2017

Wednesday

Aug 1, 2018

Reserve Bank credit 4,232,451 - 16,806 - 193,769 4,215,960

Securities held outright1 4,065,313 - 16,071 - 176,988 4,048,829

U.S. Treasury securities 2,353,362 - 6,484 - 111,823 2,336,876

Bills2 0 0 0 0

Notes and bonds, nominal2 2,217,617 - 6,812 - 120,703 2,200,589

Notes and bonds, inflation-indexed2 114,088 + 202 + 5,870 114,592

Inflation compensation3 21,657 + 126 + 3,010 21,695

Federal agency debt securities2 2,409 0 - 5,688 2,409

Mortgage-backed securities4 1,709,542 - 9,587 - 59,476 1,709,544

Unamortized premiums on securities held outright5 148,097 - 543 - 16,751 148,003

Unamortized discounts on securities held outright5 -13,834 + 27 + 790 -13,833

Repurchase agreements6 0 0 0 0

Loans 232 - 3 + 36 228

Primary credit 8 - 1 0 3

Secondary credit 0 0 0 0

Seasonal credit 224 - 2 + 36 225

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,716 + 5 + 6 1,716

Float -447 - 279 + 406 -418

Central bank liquidity swaps8 100 - 22 + 65 100

Other Federal Reserve assets9 31,274 + 80 - 1,335 31,334

Foreign currency denominated assets10 21,119 + 25 - 177 21,069

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 49,727 + 14 + 677 49,727

Total factors supplying reserve funds 4,319,538 - 16,767 - 193,269 4,302,997

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 1, 2018 Jul 25, 2018 Aug 2, 2017

Wednesday

Aug 1, 2018

Currency in circulation11 1,667,828 + 870 + 105,043 1,669,707

Reverse repurchase agreements12 239,976 - 8,321 - 126,352 235,759

Foreign official and international accounts 237,430 - 8,722 - 8,456 234,964

Others 2,545 + 400 - 117,898 795

Treasury cash holdings 207 + 6 + 43 215

Deposits with F.R. Banks, other than reserve balances 428,907 - 432 + 164,663 386,217

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 351,523 + 2,637 + 171,175 310,204

Foreign official 5,257 + 1 + 13 5,257

Other13 72,127 - 3,071 - 6,526 70,756

Other liabilities and capital14 45,072 + 681 - 2,899 44,667

Total factors, other than reserve balances,

absorbing reserve funds 2,381,990 - 7,196 + 140,497 2,336,565

Reserve balances with Federal Reserve Banks 1,937,548 - 9,571 - 333,767 1,966,432

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 1, 2018 Jul 25, 2018 Aug 2, 2017

Wednesday

Aug 1, 2018

Securities held in custody for foreign official and international

accounts 3,434,209 + 22,384 + 100,918 3,434,330

Marketable U.S. Treasury securities1 3,062,078 + 20,924 + 52,584 3,060,133

Federal agency debt and mortgage-backed securities2 298,764 + 1,062 + 36,465 300,423

Other securities3 73,367 + 398 + 11,868 73,774

Securities lent to dealers 17,779 - 1,725 - 5,333 18,399

Overnight facility4 17,779 - 1,725 - 5,333 18,399

U.S. Treasury securities 17,779 - 1,725 - 5,333 18,399

Federal agency debt securities 0 0 0 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 1, 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 69 159 0 0 0 ... 228

U.S. Treasury securities1

Holdings 23,069 39,939 329,380 1,028,048 296,622 619,818 2,336,876

Weekly changes - 7,233 - 23,069 + 19,311 - 12,504 + 423 + 56 - 23,017

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 0 146 41,027 1,668,371 1,709,544

Weekly changes 0 0 0 0 0 + 16 + 16

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

Central bank liquidity swaps5 100 0 0 0 0 0 100

Reverse repurchase agreements4 235,759 0 ... ... ... ... 235,759

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

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

...Not applicable.

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

original face value of such securities.

2. Face value.

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

4. Cash value of agreements.

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

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

central bank.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Wednesday Account name Aug 1, 2018

Mortgage-backed securities held outright1 1,709,544

Commitments to buy mortgage-backed securities2 9,080

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 2

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 1, 2018

Net portfolio holdings of Maiden Lane LLC1 1,716

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 1, 2018 Jul 25, 2018 Aug 2, 2017

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,767 + 4 - 72

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,183,227 - 23,248 - 209,413

Securities held outright1 4,048,829 - 23,001 - 193,488

U.S. Treasury securities 2,336,876 - 23,017 - 128,319

Bills2 0 0 0

Notes and bonds, nominal2 2,200,589 - 23,840 - 136,976

Notes and bonds, inflation-indexed2 114,592 + 706 + 5,619

Inflation compensation3 21,695 + 117 + 3,038

Federal agency debt securities2 2,409 0 - 5,688

Mortgage-backed securities4 1,709,544 + 16 - 59,482

Unamortized premiums on securities held outright5 148,003 - 254 - 16,742

Unamortized discounts on securities held outright5 -13,833 + 16 + 789

Repurchase agreements6 0 0 0

Loans 228 - 8 + 28

Net portfolio holdings of Maiden Lane LLC7 1,716 + 1 + 6

Items in process of collection (0) 202 0 + 128

Bank premises 2,179 - 7 - 13

Central bank liquidity swaps8 100 - 22 + 65

Foreign currency denominated assets9 21,069 - 67 - 417

Other assets10 29,155 + 1,310 - 1,478

Total assets (0) 4,255,653 - 22,028 - 211,193

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 1, 2018 Jul 25, 2018 Aug 2, 2017

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,621,958 + 1,411 + 103,563

Reverse repurchase agreements11 235,759 - 14,581 - 125,818

Deposits (0) 2,352,649 - 9,901 - 185,718

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 1,966,432 + 19,144 - 325,145

U.S. Treasury, General Account 310,204 - 28,774 + 144,797

Foreign official 5,257 + 1 + 91

Other12 (0) 70,756 - 273 - 5,462

Deferred availability cash items (0) 620 + 256 - 28

Other liabilities and accrued dividends13 5,763 + 788 - 1,226

Total liabilities (0) 4,216,748 - 22,028 - 209,229

Capital accounts

Capital paid in 32,079 - 1 + 1,210

Surplus 6,825 0 - 3,175

Other capital accounts 0 0 0

Total capital 38,904 - 1 - 1,965

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 1, 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 1,767 39 39 162 116 250 198 290 31 46 105 200 291

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,183,227 79,891 2,309,340 105,612 118,589 247,534 251,111 224,052 55,781 34,993 65,853 172,970 517,501

Securities held outright1 4,048,829 77,328 2,235,267 102,224 114,786 239,594 243,038 216,847 53,903 33,787 63,738 167,418 500,897

U.S. Treasury securities 2,336,876 44,632 1,290,137 59,001 66,251 138,287 140,275 125,158 31,112 19,501 36,788 96,629 289,105

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

Notes and bonds3 2,336,876 44,632 1,290,137 59,001 66,251 138,287 140,275 125,158 31,112 19,501 36,788 96,629 289,105

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

Mortgage-backed securities4 1,709,544 32,650 943,801 43,162 48,466 101,164 102,618 91,559 22,760 14,266 26,912 70,689 211,495

Unamortized premiums on securities 

held outright5 148,003 2,827 81,709 3,737 4,196 8,758 8,884 7,927 1,970 1,235 2,330 6,120 18,310

Unamortized discounts on securities 

held outright5 -13,833 -264 -7,637 -349 -392 -819 -830 -741 -184 -115 -218 -572 -1,711

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

Loans 228 0 0 0 0 0 19 20 91 86 3 4 5

Net portfolio holdings of Maiden

Lane LLC7 1,716 0 1,716 0 0 0 0 0 0 0 0 0 0

Items in process of collection 202 0 0 0 0 0 202 0 0 1 0 0 0

Bank premises 2,179 109 441 75 118 195 203 197 106 95 233 219 188

Central bank liquidity swaps8 100 4 32 6 8 22 6 4 1 0 1 1 15

Foreign currency denominated

assets9 21,069 896 6,643 1,197 1,700 4,551 1,217 893 304 97 209 261 3,101

Other assets10 29,155 596 15,640 733 844 1,934 1,751 1,540 489 312 529 1,205 3,583

Interdistrict settlement account 0 + 3,616 + 18,331 - 5,128 + 2,468 + 2,102 + 28,255 - 9,471 + 996 - 754 - 7,124 + 8,704 - 41,997

Total assets 4,255,653 85,712 2,357,626 103,216 124,625 257,773 285,088 218,669 58,192 35,079 60,266 184,747 484,660

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 1, 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 1,800,192 58,793 605,028 53,765 87,284 124,951 260,419 113,088 53,590 30,387 46,930 148,206 217,752

Less: Notes held by F.R. Banks 178,234 6,032 46,170 6,662 9,121 14,182 27,518 12,143 5,225 3,098 5,457 16,463 26,163

Federal Reserve notes, net 1,621,958 52,761 558,857 47,103 78,163 110,769 232,901 100,945 48,365 27,289 41,473 131,743 191,589

Reverse repurchase agreements11 235,759 4,503 130,157 5,952 6,684 13,951 14,152 12,627 3,139 1,967 3,711 9,749 29,167

Deposits 2,352,649 26,627 1,653,761 47,686 36,442 124,121 35,195 103,108 5,941 5,074 14,549 42,496 257,649

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 1,966,432 26,592 1,317,193 47,683 36,368 123,639 35,159 54,422 5,935 5,018 14,529 42,253 257,641

U.S. Treasury, General Account 310,204 0 310,204 0 0 0 0 0 0 0 0 0 0

Foreign official 5,257 2 5,230 2 3 9 2 2 1 0 0 0 6

Other12 70,756 33 21,135 1 71 474 34 48,684 5 56 20 242 2

Deferred availability cash items 620 0 0 0 0 0 200 0 0 420 0 0 0

Earnings remittances due to the U.S.

Treasury13 1,229 33 593 30 38 82 112 67 21 12 19 69 151

Other liabilities and accrued

dividends 4,534 154 1,896 189 195 490 295 297 136 139 137 212 396

Total liabilities 4,216,748 84,078 2,345,265 100,960 121,521 249,413 282,855 217,043 57,601 34,902 59,890 184,268 478,952

Capital

Capital paid in 32,079 1,343 10,210 1,868 2,553 6,885 1,838 1,337 493 146 308 395 4,704

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 4,255,653 85,712 2,357,626 103,216 124,625 257,773 285,088 218,669 58,192 35,079 60,266 184,747 484,660

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 1, 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 1, 2018

Federal Reserve notes outstanding 1,800,192

Less: Notes held by F.R. Banks not subject to collateralization 178,234

Federal Reserve notes to be collateralized 1,621,958

Collateral held against Federal Reserve notes 1,621,958

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,605,721

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,048,829

Less: Face value of securities under reverse repurchase agreements 235,161

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,813,668

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.