FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks October 27, 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

Oct 26, 2016 Oct 19, 2016 Oct 28, 2015

Wednesday

Oct 26, 2016

Reserve Bank credit 4,430,035 - 4,640 - 28,274 4,414,796

Securities held outright1 4,231,684 - 7,371 - 14,789 4,217,878

U.S. Treasury securities 2,463,535 + 23 + 1,722 2,463,544

Bills2 0 0 0 0

Notes and bonds, nominal2 2,340,976 0 - 5,663 2,340,976

Notes and bonds, inflation-indexed2 105,224 0 + 6,690 105,224

Inflation compensation3 17,335 + 23 + 695 17,344

Federal agency debt securities2 18,493 - 1,428 - 15,653 18,493

Mortgage-backed securities4 1,749,656 - 5,967 - 857 1,735,841

Unamortized premiums on securities held outright5 176,603 - 394 - 16,162 176,056

Unamortized discounts on securities held outright5 -15,357 + 37 + 1,527 -15,343

Repurchase agreements6 0 0 0 0

Loans 92 - 24 - 87 76

Primary credit 6 0 + 4 2

Secondary credit 0 0 0 0

Seasonal credit 86 - 24 - 91 74

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,708 - 1 + 2 1,705

Float -326 + 53 - 545 -464

Central bank liquidity swaps8 3,541 + 3,301 + 3,401 3,541

Other Federal Reserve assets9 32,090 - 241 - 1,621 31,347

Foreign currency denominated assets10 20,869 - 138 + 1,064 20,871

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 48,267 + 14 + 838 48,267

Total factors supplying reserve funds 4,515,412 - 4,764 - 26,373 4,500,175

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

Oct 26, 2016 Oct 19, 2016 Oct 28, 2015

Wednesday

Oct 26, 2016

Currency in circulation11 1,475,912 - 1,095 + 83,339 1,477,577

Reverse repurchase agreements12 401,309 + 7,687 + 75,356 384,809

Foreign official and international accounts 239,422 - 1,024 + 52,135 242,744

Others 161,887 + 8,711 + 23,222 142,065

Treasury cash holdings 177 + 5 - 49 181

Deposits with F.R. Banks, other than reserve balances 529,164 + 74,982 + 429,669 526,849

Term deposits held by depository institutions 48,601 + 48,601 + 48,601 48,601

U.S. Treasury, General Account 429,027 + 37,039 + 381,927 420,256

Foreign official 5,170 + 5 - 91 5,166

Other13 46,366 - 10,663 - 768 52,826

Other liabilities and capital14 47,267 - 710 - 18,510 45,739

Total factors, other than reserve balances,

absorbing reserve funds 2,453,829 + 80,869 + 569,806 2,435,155

Reserve balances with Federal Reserve Banks 2,061,583 - 85,633 - 596,179 2,065,020

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

Oct 26, 2016 Oct 19, 2016 Oct 28, 2015

Wednesday

Oct 26, 2016

Securities held in custody for foreign official and international

accounts 3,125,232 + 2,795 - 167,127 3,120,080

Marketable U.S. Treasury securities1 2,806,250 + 4,913 - 164,064 2,802,246

Federal agency debt and mortgage-backed securities2 259,666 - 1,688 - 16,425 258,384

Other securities3 59,316 - 429 + 13,362 59,450

Securities lent to dealers 21,147 - 1,902 + 4,710 19,893

Overnight facility4 21,147 - 1,902 + 4,710 19,893

U.S. Treasury securities 21,122 - 1,897 + 4,746 19,869

Federal agency debt securities 24 - 6 - 37 24

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, October 26, 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 70 6 0 0 0 ... 76

U.S. Treasury securities1

Holdings 6,529 38,905 146,893 1,202,724 433,465 635,028 2,463,544

Weekly changes 0 0 + 1 + 4 + 4 + 14 + 24

Federal agency debt securities2

Holdings 0 2,313 9,423 4,410 0 2,347 18,493

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities3

Holdings 0 0 0 1,390 11,099 1,723,351 1,735,841

Weekly changes 0 0 0 - 200 - 648 - 14,046 - 14,892

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

Central bank liquidity swaps5 3,541 0 0 0 0 0 3,541

Reverse repurchase agreements4 384,809 0 ... ... ... ... 384,809

Term deposits 48,601 0 0 ... ... ... 48,601

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 Oct 26, 2016

Mortgage-backed securities held outright1 1,735,841

Commitments to buy mortgage-backed securities2 38,316

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 10

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 Oct 26, 2016

Net portfolio holdings of Maiden Lane LLC1 1,705

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

Oct 26, 2016 Oct 19, 2016 Oct 28, 2015

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,895 - 3 + 11

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,378,668 - 15,529 - 37,099

Securities held outright1 4,217,878 - 14,869 - 22,159

U.S. Treasury securities 2,463,544 + 24 + 1,744

Bills2 0 0 0

Notes and bonds, nominal2 2,340,976 0 - 5,663

Notes and bonds, inflation-indexed2 105,224 0 + 6,690

Inflation compensation3 17,344 + 24 + 718

Federal agency debt securities2 18,493 0 - 15,653

Mortgage-backed securities4 1,735,841 - 14,892 - 8,250

Unamortized premiums on securities held outright5 176,056 - 679 - 16,377

Unamortized discounts on securities held outright5 -15,343 + 36 + 1,528

Repurchase agreements6 0 0 0

Loans 76 - 18 - 91

Net portfolio holdings of Maiden Lane LLC7 1,705 - 4 - 11

Items in process of collection (0) 62 - 14 - 397

Bank premises 2,202 - 1 - 34

Central bank liquidity swaps8 3,541 + 3,361 + 3,401

Foreign currency denominated assets9 20,871 - 152 + 1,032

Other assets10 29,145 - 715 - 1,917

Total assets (0) 4,454,326 - 13,056 - 35,013

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

Oct 26, 2016 Oct 19, 2016 Oct 28, 2015

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,431,381 + 692 + 81,643

Reverse repurchase agreements11 384,809 - 46,359 + 39,999

Deposits (0) 2,591,870 + 33,463 - 137,279

Term deposits held by depository institutions 48,601 + 48,601 + 48,601

Other deposits held by depository institutions 2,065,020 - 40,791 - 603,167

U.S. Treasury, General Account 420,256 + 10,563 + 384,670

Foreign official 5,166 + 1 - 107

Other12 (0) 52,826 + 15,089 + 32,724

Deferred availability cash items (0) 527 + 24 - 44

Other liabilities and accrued dividends13 5,556 - 880 - 918

Total liabilities (0) 4,414,143 - 13,060 - 16,599

Capital accounts

Capital paid in 30,182 + 3 + 884

Surplus 10,000 0 - 19,298

Other capital accounts 0 0 0

Total capital 40,182 + 3 - 18,415

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, October 26, 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 1,895 48 74 160 131 301 181 281 32 54 126 189 318

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,378,668 107,561 2,491,712 118,888 131,131 267,592 245,070 174,470 55,278 32,313 60,947 155,863 537,840

Securities held outright1 4,217,878 103,613 2,400,256 114,525 126,318 257,770 236,071 168,061 53,233 31,097 58,702 150,134 518,098

U.S. Treasury securities 2,463,544 60,518 1,401,922 66,891 73,779 150,556 137,883 98,160 31,092 18,163 34,286 87,689 302,607

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

Notes and bonds3 2,463,544 60,518 1,401,922 66,891 73,779 150,556 137,883 98,160 31,092 18,163 34,286 87,689 302,607

Federal agency debt securities2 18,493 454 10,524 502 554 1,130 1,035 737 233 136 257 658 2,272

Mortgage-backed securities4 1,735,841 42,641 987,810 47,132 51,986 106,084 97,154 69,164 21,908 12,798 24,158 61,787 213,220

Unamortized premiums on securities 

held outright5 176,056 4,325 100,188 4,780 5,273 10,759 9,854 7,015 2,222 1,298 2,450 6,267 21,626

Unamortized discounts on securities 

held outright5 -15,343 -377 -8,731 -417 -459 -938 -859 -611 -194 -113 -214 -546 -1,885

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

Loans 76 0 0 0 0 1 4 6 17 32 8 8 1

Net portfolio holdings of Maiden

Lane LLC7 1,705 0 1,705 0 0 0 0 0 0 0 0 0 0

Items in process of collection 62 0 0 0 0 0 62 0 0 0 0 0 0

Bank premises 2,202 118 430 72 105 204 207 201 114 90 240 224 196

Central bank liquidity swaps8 3,541 157 1,168 195 270 790 197 95 36 15 35 45 539

Foreign currency denominated

assets9 20,871 922 6,887 1,148 1,590 4,654 1,159 559 214 89 208 265 3,175

Other assets10 29,145 754 16,103 795 876 1,938 1,641 1,173 445 239 459 1,135 3,586

Interdistrict settlement account 0 - 21,516 + 41,660 - 12,687 - 12,621 - 15,862 + 8,753 + 1,655 + 2,697 + 1,781 - 88 + 18,169 - 11,941

Total assets 4,454,326 88,594 2,565,145 109,141 122,306 260,789 259,464 179,612 59,327 34,865 62,376 177,047 535,659

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, October 26, 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 1,616,883 49,944 523,869 51,582 80,566 114,020 223,804 108,954 49,809 28,193 42,869 133,928 209,345

Less: Notes held by F.R. Banks 185,502 6,529 47,519 6,724 9,969 14,735 27,752 12,681 5,797 3,268 6,039 16,321 28,168

Federal Reserve notes, net 1,431,381 43,415 476,350 44,858 70,598 99,285 196,053 96,273 44,012 24,925 36,830 117,607 181,177

Reverse repurchase agreements11 384,809 9,453 218,982 10,448 11,524 23,517 21,537 15,333 4,857 2,837 5,356 13,697 47,268

Deposits 2,591,870 33,800 1,854,228 51,456 36,783 128,629 39,183 66,217 9,869 6,342 19,660 44,974 300,729

Term deposits held by depository

institutions 48,601 50 18,015 17,000 650 6 100 4,420 0 0 2,360 0 6,000

Other deposits held by depository

institutions 2,065,020 33,743 1,367,337 34,454 36,130 128,317 39,074 52,779 9,855 6,342 17,298 44,973 294,720

U.S. Treasury, General Account 420,256 0 420,256 0 0 0 0 0 0 0 0 0 0

Foreign official 5,166 2 5,140 2 3 9 2 1 0 0 0 1 6

Other12 52,826 5 43,480 0 0 298 7 9,017 14 0 1 1 3

Deferred availability cash items 527 0 0 0 0 0 82 0 0 444 0 0 0

Earnings remittances due to the U.S.

Treasury13 689 7 465 4 9 21 41 20 8 5 9 35 65

Other liabilities and accrued

dividends 4,867 170 2,081 203 210 524 350 274 144 142 131 220 419

Total liabilities 4,414,143 86,845 2,552,105 106,970 119,124 251,977 257,246 178,116 58,889 34,696 61,985 176,533 529,657

Capital

Capital paid in 30,182 1,307 9,741 1,621 2,420 6,581 1,663 1,228 335 127 291 388 4,480

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 4,454,326 88,594 2,565,145 109,141 122,306 260,789 259,464 179,612 59,327 34,865 62,376 177,047 535,659

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, October 26, 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 Oct 26, 2016

Federal Reserve notes outstanding 1,616,883

Less: Notes held by F.R. Banks not subject to collateralization 185,502

Federal Reserve notes to be collateralized 1,431,381

Collateral held against Federal Reserve notes 1,431,381

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,415,145

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,217,878

Less: Face value of securities under reverse repurchase agreements 358,240

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,859,638

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.