FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks December 20, 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

Dec 19, 2018 Dec 12, 2018 Dec 20, 2017

Wednesday

Dec 19, 2018

Reserve Bank credit 4,048,105 - 478 - 360,187 4,045,163

Securities held outright1 3,894,463 - 2,001 - 339,546 3,891,757

U.S. Treasury securities 2,240,641 + 55 - 213,603 2,240,661

Bills2 0 0 0 0

Notes and bonds, nominal2 2,101,796 0 - 222,608 2,101,796

Notes and bonds, inflation-indexed2 116,545 0 + 6,411 116,545

Inflation compensation3 22,300 + 55 + 2,594 22,321

Federal agency debt securities2 2,409 0 - 1,982 2,409

Mortgage-backed securities4 1,651,413 - 2,057 - 123,961 1,648,687

Unamortized premiums on securities held outright5 141,051 - 298 - 18,644 140,884

Unamortized discounts on securities held outright5 -13,491 + 29 + 675 -13,479

Repurchase agreements6 0 0 0 0

Loans 74 + 2 - 36 95

Primary credit 9 - 12 - 68 18

Secondary credit 0 0 0 0

Seasonal credit 65 + 14 + 32 77

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 2 - 5 - 1,710 0

Float -157 + 38 + 58 -180

Central bank liquidity swaps8 70 - 50 + 13 70

Other Federal Reserve assets9 26,092 + 1,807 - 997 26,016

Foreign currency denominated assets10 20,606 - 47 - 554 20,761

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 49,845 + 14 + 492 49,845

Total factors supplying reserve funds 4,134,797 - 511 - 360,249 4,132,011

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

Dec 19, 2018 Dec 12, 2018 Dec 20, 2017

Wednesday

Dec 19, 2018

Currency in circulation11 1,705,804 + 737 + 101,782 1,709,041

Reverse repurchase agreements12 245,796 + 8,476 - 82,831 252,619

Foreign official and international accounts 243,800 + 9,695 + 15,999 246,637

Others 1,996 - 1,219 - 98,830 5,982

Treasury cash holdings 202 0 - 2 205

Deposits with F.R. Banks, other than reserve balances 438,200 + 26,114 + 193,926 475,635

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 350,714 + 15,747 + 195,102 396,293

Foreign official 5,243 - 11 - 54 5,244

Other13 82,243 + 10,379 - 1,122 74,098

Other liabilities and capital14 45,657 + 562 - 3,099 45,346

Total factors, other than reserve balances,

absorbing reserve funds 2,435,659 + 35,890 + 209,777 2,482,847

Reserve balances with Federal Reserve Banks 1,699,138 - 36,401 - 570,026 1,649,163

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

Dec 19, 2018 Dec 12, 2018 Dec 20, 2017

Wednesday

Dec 19, 2018

Securities held in custody for foreign official and international

accounts 3,403,169 + 18,665 + 30,512 3,404,499

Marketable U.S. Treasury securities1 3,027,792 + 18,593 - 3,187 3,028,654

Federal agency debt and mortgage-backed securities2 308,710 + 298 + 45,104 309,340

Other securities3 66,667 - 226 - 11,405 66,505

Securities lent to dealers 22,898 + 2,047 + 1,263 22,710

Overnight facility4 22,898 + 2,047 + 1,263 22,710

U.S. Treasury securities 22,898 + 2,047 + 1,263 22,710

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, December 19, 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 95 0 0 0 0 ... 95

U.S. Treasury securities1

Holdings 18,209 72,333 302,120 964,808 264,587 618,604 2,240,661

Weekly changes + 18,209 - 18,209 0 + 8 + 20 + 26 + 55

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 4 221 63,510 1,584,951 1,648,687

Weekly changes 0 0 0 + 11 - 313 - 4,482 - 4,783

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

Central bank liquidity swaps5 70 0 0 0 0 0 70

Reverse repurchase agreements4 252,619 0 ... ... ... ... 252,619

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 Dec 19, 2018

Mortgage-backed securities held outright1 1,648,687

Commitments to buy mortgage-backed securities2 254

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 Dec 19, 2018

Net portfolio holdings of Maiden Lane LLC1 0

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.

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

Dec 19, 2018 Dec 12, 2018 Dec 20, 2017

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,742 + 20 - 150

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,019,257 - 5,052 - 360,300

Securities held outright1 3,891,757 - 4,728 - 342,322

U.S. Treasury securities 2,240,661 + 55 - 213,576

Bills2 0 0 0

Notes and bonds, nominal2 2,101,796 0 - 222,608

Notes and bonds, inflation-indexed2 116,545 0 + 6,411

Inflation compensation3 22,321 + 55 + 2,622

Federal agency debt securities2 2,409 0 - 1,982

Mortgage-backed securities4 1,648,687 - 4,783 - 126,764

Unamortized premiums on securities held outright5 140,884 - 381 - 18,635

Unamortized discounts on securities held outright5 -13,479 + 31 + 674

Repurchase agreements6 0 0 0

Loans 95 + 26 - 17

Net portfolio holdings of Maiden Lane LLC7 0 - 7 - 1,712

Items in process of collection (0) 189 + 111 + 112

Bank premises 2,199 + 4 - 15

Central bank liquidity swaps8 70 - 50 + 13

Foreign currency denominated assets9 20,761 + 149 - 445

Other assets10 23,819 + 785 - 700

Total assets (0) 4,084,274 - 4,040 - 363,196

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

Dec 19, 2018 Dec 12, 2018 Dec 20, 2017

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,661,139 + 3,282 + 100,474

Reverse repurchase agreements11 252,619 + 17,175 - 97,183

Deposits (0) 2,124,800 - 24,994 - 363,720

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 1,649,165 - 102,248 - 587,977

U.S. Treasury, General Account 396,293 + 73,630 + 225,476

Foreign official 5,244 + 1 - 9

Other12 (0) 74,098 + 3,623 - 1,210

Deferred availability cash items (0) 369 - 114 + 133

Other liabilities and accrued dividends13 6,186 + 640 - 739

Total liabilities (0) 4,045,113 - 4,010 - 361,035

Capital accounts

Capital paid in 32,335 - 31 + 1,013

Surplus 6,825 0 - 3,175

Other capital accounts 0 0 0

Total capital 39,160 - 31 - 2,162

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, December 19, 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 1,742 43 40 150 125 238 184 284 27 45 111 197 298

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,019,257 76,763 2,218,890 101,475 113,950 237,839 241,261 215,266 53,553 33,561 63,279 166,192 497,228

Securities held outright1 3,891,757 74,328 2,148,552 98,259 110,333 230,299 233,610 208,434 51,812 32,477 61,265 160,923 481,465

U.S. Treasury securities 2,240,661 42,794 1,237,019 56,572 63,523 132,594 134,500 120,005 29,831 18,698 35,273 92,651 277,201

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

Notes and bonds3 2,240,661 42,794 1,237,019 56,572 63,523 132,594 134,500 120,005 29,831 18,698 35,273 92,651 277,201

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

Mortgage-backed securities4 1,648,687 31,488 910,203 41,626 46,741 97,563 98,965 88,300 21,949 13,758 25,954 68,173 203,966

Unamortized premiums on securities 

held outright5 140,884 2,691 77,779 3,557 3,994 8,337 8,457 7,545 1,876 1,176 2,218 5,826 17,429

Unamortized discounts on securities 

held outright5 -13,479 -257 -7,441 -340 -382 -798 -809 -722 -179 -112 -212 -557 -1,668

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

Loans 95 1 1 0 5 1 4 8 45 21 8 0 1

Net portfolio holdings of Maiden

Lane LLC7 0 0 0 0 0 0 0 0 0 0 0 0 0

Items in process of collection 189 0 0 0 0 0 188 0 0 1 0 0 0

Bank premises 2,199 108 455 82 117 195 205 194 106 95 232 220 190

Central bank liquidity swaps8 70 3 22 4 6 15 4 3 1 0 1 1 10

Foreign currency denominated

assets9 20,761 883 6,546 1,179 1,676 4,485 1,200 880 300 95 206 257 3,055

Other assets10 23,819 489 12,693 596 685 1,604 1,432 1,250 375 237 427 1,114 2,917

Interdistrict settlement account 0 + 1,678 - 68,519 - 7,096 + 5,535 + 4,389 + 38,389 + 3,932 + 8,494 + 2,970 - 1,236 + 7,096 + 4,368

Total assets 4,084,274 80,527 2,175,570 96,951 122,873 249,949 285,009 222,973 63,341 37,292 63,480 176,264 510,045

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, December 19, 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 1,863,595 58,072 616,079 55,017 88,860 125,892 262,348 122,065 56,138 31,575 50,056 151,069 246,426

Less: Notes held by F.R. Banks 202,456 6,295 58,048 7,317 8,755 13,706 29,893 14,556 5,522 2,867 5,853 18,091 31,551

Federal Reserve notes, net 1,661,139 51,777 558,030 47,700 80,104 112,186 232,455 107,509 50,615 28,707 44,203 132,978 214,874

Reverse repurchase agreements11 252,619 4,825 139,465 6,378 7,162 14,949 15,164 13,530 3,363 2,108 3,977 10,446 31,253

Deposits 2,124,800 22,027 1,463,112 40,369 32,202 113,758 34,512 99,902 8,610 5,935 14,757 32,075 257,541

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 1,649,165 22,011 1,037,437 40,366 32,175 113,219 34,465 50,783 8,599 5,879 14,732 31,965 257,534

U.S. Treasury, General Account 396,293 0 396,293 0 0 0 0 0 0 0 0 0 0

Foreign official 5,244 2 5,216 2 3 9 2 2 1 0 0 0 6

Other12 74,098 14 24,165 1 24 530 45 49,117 10 56 25 110 2

Deferred availability cash items 369 0 0 0 0 0 175 0 0 194 0 0 0

Earnings remittances due to the U.S.

Treasury13 1,243 29 660 34 45 54 106 66 21 13 18 62 136

Other liabilities and accrued

dividends 4,943 186 1,892 214 228 634 322 326 139 150 145 219 490

Total liabilities 4,045,113 78,844 2,163,158 94,695 119,741 241,580 282,734 221,333 62,749 37,107 63,099 175,779 504,293

Capital

Capital paid in 32,335 1,393 10,260 1,868 2,581 6,895 1,880 1,350 493 154 313 400 4,747

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 4,084,274 80,527 2,175,570 96,951 122,873 249,949 285,009 222,973 63,341 37,292 63,480 176,264 510,045

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, December 19, 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 Dec 19, 2018

Federal Reserve notes outstanding 1,863,595

Less: Notes held by F.R. Banks not subject to collateralization 202,456

Federal Reserve notes to be collateralized 1,661,139

Collateral held against Federal Reserve notes 1,661,139

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,644,902

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 3,891,757

Less: Face value of securities under reverse repurchase agreements 251,766

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,639,991

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.