FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks August 16, 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 15, 2018 Aug 8, 2018 Aug 16, 2017

Wednesday

Aug 15, 2018

Reserve Bank credit 4,217,017 - 638 - 212,860 4,189,779

Securities held outright1 4,048,286 - 575 - 198,061 4,034,988

U.S. Treasury securities 2,335,158 - 1,749 - 130,080 2,324,391

Bills2 0 0 0 0

Notes and bonds, nominal2 2,198,791 - 1,798 - 138,774 2,188,006

Notes and bonds, inflation-indexed2 114,592 0 + 5,619 114,592

Inflation compensation3 21,775 + 49 + 3,076 21,793

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

Mortgage-backed securities4 1,710,719 + 1,174 - 62,294 1,708,187

Unamortized premiums on securities held outright5 147,646 - 205 - 16,795 147,461

Unamortized discounts on securities held outright5 -13,796 + 19 + 796 -13,844

Repurchase agreements6 0 0 0 0

Loans 242 + 14 + 13 246

Primary credit 6 + 3 - 12 7

Secondary credit 0 0 0 0

Seasonal credit 236 + 12 + 25 240

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,719 + 2 + 9 1,719

Float -160 + 35 + 171 -147

Central bank liquidity swaps8 106 + 6 + 70 106

Other Federal Reserve assets9 32,973 + 65 + 937 19,250

Foreign currency denominated assets10 20,860 - 182 - 512 20,788

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 49,701 + 14 + 630 49,701

Total factors supplying reserve funds 4,303,819 - 806 - 212,742 4,276,509

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 15, 2018 Aug 8, 2018 Aug 16, 2017

Wednesday

Aug 15, 2018

Currency in circulation11 1,670,987 + 1,582 + 105,276 1,673,616

Reverse repurchase agreements12 242,520 + 5,703 - 85,999 249,536

Foreign official and international accounts 240,872 + 5,901 + 321 249,221

Others 1,648 - 199 - 86,320 315

Treasury cash holdings 219 + 4 + 52 219

Deposits with F.R. Banks, other than reserve balances 422,163 + 19,706 + 185,275 389,611

Term deposits held by depository institutions 0 0 - 14,733 0

U.S. Treasury, General Account 342,799 + 16,328 + 211,845 318,117

Foreign official 5,258 0 + 90 5,257

Other13 74,107 + 3,379 - 11,926 66,237

Other liabilities and capital14 45,382 + 1,041 - 3,506 44,783

Total factors, other than reserve balances,

absorbing reserve funds 2,381,272 + 28,036 + 201,098 2,357,765

Reserve balances with Federal Reserve Banks 1,922,547 - 28,842 - 413,841 1,918,744

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 15, 2018 Aug 8, 2018 Aug 16, 2017

Wednesday

Aug 15, 2018

Securities held in custody for foreign official and international

accounts 3,432,313 - 9,903 + 99,674 3,424,516

Marketable U.S. Treasury securities1 3,059,736 - 8,868 + 50,403 3,053,169

Federal agency debt and mortgage-backed securities2 300,593 + 213 + 39,019 300,417

Other securities3 71,984 - 1,248 + 10,253 70,930

Securities lent to dealers 15,450 - 3,158 - 6,310 16,938

Overnight facility4 15,450 - 3,158 - 6,310 16,938

U.S. Treasury securities 15,450 - 3,158 - 6,310 16,938

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 15, 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 69 177 0 0 0 ... 246

U.S. Treasury securities1

Holdings 0 63,772 360,363 1,016,026 258,449 625,780 2,324,391

Weekly changes - 23,069 0 + 54,815 - 12,029 - 38,190 + 5,939 - 12,534

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 0 149 43,385 1,664,652 1,708,187

Weekly changes 0 0 0 - 2 - 142 - 1,214 - 1,358

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

Central bank liquidity swaps5 106 0 0 0 0 0 106

Reverse repurchase agreements4 249,536 0 ... ... ... ... 249,536

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 15, 2018

Mortgage-backed securities held outright1 1,708,187

Commitments to buy mortgage-backed securities2 7,619

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 18

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 15, 2018

Net portfolio holdings of Maiden Lane LLC1 1,719

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 15, 2018 Aug 8, 2018 Aug 16, 2017

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,784 + 1 - 63

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,168,851 - 14,269 - 232,520

Securities held outright1 4,034,988 - 13,891 - 216,331

U.S. Treasury securities 2,324,391 - 12,534 - 140,856

Bills2 0 0 0

Notes and bonds, nominal2 2,188,006 - 12,583 - 149,559

Notes and bonds, inflation-indexed2 114,592 0 + 5,619

Inflation compensation3 21,793 + 49 + 3,084

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

Mortgage-backed securities4 1,708,187 - 1,358 - 69,788

Unamortized premiums on securities held outright5 147,461 - 329 - 17,006

Unamortized discounts on securities held outright5 -13,844 - 40 + 784

Repurchase agreements6 0 0 0

Loans 246 - 9 + 33

Net portfolio holdings of Maiden Lane LLC7 1,719 0 + 11

Items in process of collection (0) 189 - 5 + 116

Bank premises 2,182 + 2 - 14

Central bank liquidity swaps8 106 + 6 + 70

Foreign currency denominated assets9 20,788 - 264 - 416

Other assets10 17,068 - 14,577 - 1,130

Total assets (0) 4,228,924 - 29,106 - 233,947

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 15, 2018 Aug 8, 2018 Aug 16, 2017

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,625,914 + 1,995 + 106,439

Reverse repurchase agreements11 249,536 + 12,146 - 87,787

Deposits (0) 2,308,355 - 43,849 - 249,393

Term deposits held by depository institutions 0 0 - 14,733

Other deposits held by depository institutions 1,918,744 - 47,359 - 446,228

U.S. Treasury, General Account 318,117 + 6,427 + 222,088

Foreign official 5,257 0 + 92

Other12 (0) 66,237 - 2,917 - 10,612

Deferred availability cash items (0) 335 - 75 - 8

Other liabilities and accrued dividends13 5,766 + 562 - 1,243

Total liabilities (0) 4,189,907 - 29,219 - 231,990

Capital accounts

Capital paid in 32,192 + 113 + 1,218

Surplus 6,825 0 - 3,175

Other capital accounts 0 0 0

Total capital 39,017 + 113 - 1,957

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 15, 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 1,784 42 42 158 119 252 200 293 32 45 108 202 289

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,168,851 79,616 2,301,398 105,248 118,182 246,682 250,244 223,284 55,590 34,887 65,626 172,372 515,720

Securities held outright1 4,034,988 77,064 2,227,626 101,875 114,393 238,775 242,207 216,105 53,719 33,672 63,520 166,846 499,185

U.S. Treasury securities 2,324,391 44,393 1,283,244 58,686 65,897 137,548 139,526 124,489 30,945 19,397 36,591 96,113 287,560

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

Notes and bonds3 2,324,391 44,393 1,283,244 58,686 65,897 137,548 139,526 124,489 30,945 19,397 36,591 96,113 287,560

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

Mortgage-backed securities4 1,708,187 32,625 943,052 43,128 48,428 101,084 102,537 91,487 22,742 14,255 26,891 70,633 211,327

Unamortized premiums on securities 

held outright5 147,461 2,816 81,410 3,723 4,181 8,726 8,852 7,898 1,963 1,231 2,321 6,097 18,243

Unamortized discounts on securities 

held outright5 -13,844 -264 -7,643 -350 -392 -819 -831 -741 -184 -116 -218 -572 -1,713

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

Loans 246 0 5 0 1 0 17 23 92 100 3 1 5

Net portfolio holdings of Maiden

Lane LLC7 1,719 0 1,719 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 2,182 109 441 76 118 196 203 197 106 95 233 219 189

Central bank liquidity swaps8 106 5 34 6 9 23 6 5 2 0 1 1 16

Foreign currency denominated

assets9 20,788 885 6,555 1,181 1,678 4,490 1,201 881 300 95 206 257 3,059

Other assets10 17,068 365 8,953 426 500 1,220 1,024 889 326 183 344 755 2,083

Interdistrict settlement account 0 + 12,182 - 24,061 - 4,538 + 2,950 + 6,667 + 30,347 - 10,520 + 1,913 - 606 - 6,592 + 9,090 - 16,831

Total assets 4,228,924 93,763 2,300,524 103,117 124,336 260,716 285,557 216,192 58,753 34,989 60,387 184,084 506,504

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 15, 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 1,805,530 58,682 604,690 53,805 87,643 125,069 261,180 117,452 53,527 30,481 47,279 148,185 217,538

Less: Notes held by F.R. Banks 179,616 6,042 45,185 6,867 9,235 14,557 27,400 12,390 5,373 3,055 5,566 17,036 26,911

Federal Reserve notes, net 1,625,914 52,640 559,504 46,938 78,408 110,513 233,780 105,062 48,154 27,426 41,713 131,149 190,628

Reverse repurchase agreements11 249,536 4,766 137,763 6,300 7,074 14,767 14,979 13,365 3,322 2,082 3,928 10,318 30,871

Deposits 2,308,355 34,536 1,588,374 47,407 35,526 126,539 33,980 95,772 6,533 4,997 14,192 41,849 278,650

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 1,918,744 34,503 1,245,232 47,404 35,454 125,905 33,944 50,331 6,517 4,947 14,161 41,703 278,643

U.S. Treasury, General Account 318,117 0 318,117 0 0 0 0 0 0 0 0 0 0

Foreign official 5,257 2 5,229 2 3 9 2 2 1 0 0 0 6

Other12 66,237 31 19,796 1 69 625 33 45,439 15 50 31 146 1

Deferred availability cash items 335 0 0 0 0 0 185 0 0 150 0 0 0

Earnings remittances due to the U.S.

Treasury13 824 9 501 8 19 -12 76 44 11 11 12 55 91

Other liabilities and accrued

dividends 4,942 179 2,012 208 204 550 325 322 142 146 166 230 458

Total liabilities 4,189,907 92,129 2,288,154 100,861 121,231 252,356 283,325 214,565 58,161 34,812 60,012 183,602 500,698

Capital

Capital paid in 32,192 1,343 10,218 1,868 2,555 6,885 1,838 1,338 494 146 308 397 4,802

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 4,228,924 93,763 2,300,524 103,117 124,336 260,716 285,557 216,192 58,753 34,989 60,387 184,084 506,504

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 15, 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 15, 2018

Federal Reserve notes outstanding 1,805,530

Less: Notes held by F.R. Banks not subject to collateralization 179,616

Federal Reserve notes to be collateralized 1,625,914

Collateral held against Federal Reserve notes 1,625,914

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,609,678

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,034,988

Less: Face value of securities under reverse repurchase agreements 248,858

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,786,130

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.