FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks September 15, 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

Sep 14, 2016 Sep 7, 2016 Sep 16, 2015

Wednesday

Sep 14, 2016

Reserve Bank credit 4,423,215 + 4,692 - 22,379 4,441,268

Securities held outright1 4,232,831 + 2,742 - 5,570 4,249,517

U.S. Treasury securities 2,463,569 - 44 + 1,625 2,463,553

Bills2 0 0 0 0

Notes and bonds, nominal2 2,341,647 0 - 4,993 2,341,647

Notes and bonds, inflation-indexed2 104,553 0 + 6,019 104,553

Inflation compensation3 17,369 - 44 + 599 17,352

Federal agency debt securities2 22,492 0 - 12,601 22,492

Mortgage-backed securities4 1,746,769 + 2,785 + 5,404 1,763,473

Unamortized premiums on securities held outright5 177,896 - 184 - 16,684 178,425

Unamortized discounts on securities held outright5 -15,563 + 30 + 1,620 -15,551

Repurchase agreements6 0 0 0 0

Loans 195 + 17 - 59 215

Primary credit 6 + 2 0 15

Secondary credit 0 0 0 0

Seasonal credit 190 + 16 - 58 199

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,707 0 + 4 1,707

Float -340 - 21 - 297 -548

Central bank liquidity swaps8 6 - 344 - 138 6

Other Federal Reserve assets9 26,484 + 2,453 - 1,253 27,497

Foreign currency denominated assets10 21,392 + 124 + 1,289 21,444

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 48,133 + 14 + 858 48,133

Total factors supplying reserve funds 4,508,981 + 4,830 - 20,232 4,527,086

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

Sep 14, 2016 Sep 7, 2016 Sep 16, 2015

Wednesday

Sep 14, 2016

Currency in circulation11 1,471,268 - 1,050 + 85,943 1,470,520

Reverse repurchase agreements12 322,940 - 9,841 + 93,362 316,600

Foreign official and international accounts 247,121 + 6,797 + 89,905 252,115

Others 75,819 - 16,638 + 3,457 64,485

Treasury cash holdings 105 - 6 - 56 113

Deposits with F.R. Banks, other than reserve balances 297,925 + 19,778 + 147,208 341,746

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 243,082 + 6,928 + 125,671 252,691

Foreign official 5,236 + 65 - 21 5,166

Other13 49,606 + 12,783 + 21,557 83,889

Other liabilities and capital14 48,253 + 1,269 - 18,667 48,818

Total factors, other than reserve balances,

absorbing reserve funds 2,140,491 + 10,150 + 307,789 2,177,798

Reserve balances with Federal Reserve Banks 2,368,491 - 5,318 - 328,020 2,349,288

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

Sep 14, 2016 Sep 7, 2016 Sep 16, 2015

Wednesday

Sep 14, 2016

Securities held in custody for foreign official and international

accounts 3,164,545 - 19,519 - 172,754 3,149,835

Marketable U.S. Treasury securities1 2,841,416 - 19,731 - 166,680 2,827,215

Federal agency debt and mortgage-backed securities2 262,990 + 136 - 21,385 262,820

Other securities3 60,140 + 78 + 15,312 59,799

Securities lent to dealers 23,979 - 561 + 10,741 22,674

Overnight facility4 23,979 - 561 + 10,741 22,674

U.S. Treasury securities 23,963 - 561 + 10,773 22,659

Federal agency debt securities 16 0 - 32 15

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, September 14, 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 76 138 0 0 0 ... 215

U.S. Treasury securities1

Holdings 0 37,466 150,742 1,209,223 431,082 635,039 2,463,553

Weekly changes 0 0 - 2 - 8 - 8 - 29 - 46

Federal agency debt securities2

Holdings 2,000 1,999 11,736 4,410 0 2,347 22,492

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities3

Holdings 0 0 0 1,410 10,704 1,751,359 1,763,473

Weekly changes 0 0 0 + 1 0 + 19,489 + 19,489

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

Central bank liquidity swaps5 6 0 0 0 0 0 6

Reverse repurchase agreements4 316,600 0 ... ... ... ... 316,600

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 Sep 14, 2016

Mortgage-backed securities held outright1 1,763,473

Commitments to buy mortgage-backed securities2 30,747

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 0

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 Sep 14, 2016

Net portfolio holdings of Maiden Lane LLC1 1,707

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

Sep 14, 2016 Sep 7, 2016 Sep 16, 2015

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,925 + 6 + 24

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,412,606 + 19,954 - 7,285

Securities held outright1 4,249,517 + 19,442 + 7,360

U.S. Treasury securities 2,463,553 - 46 + 1,609

Bills2 0 0 0

Notes and bonds, nominal2 2,341,647 0 - 4,993

Notes and bonds, inflation-indexed2 104,553 0 + 6,019

Inflation compensation3 17,352 - 47 + 582

Federal agency debt securities2 22,492 0 - 12,601

Mortgage-backed securities4 1,763,473 + 19,489 + 18,354

Unamortized premiums on securities held outright5 178,425 + 452 - 16,211

Unamortized discounts on securities held outright5 -15,551 + 32 + 1,616

Repurchase agreements6 0 0 0

Loans 215 + 27 - 49

Net portfolio holdings of Maiden Lane LLC7 1,707 0 + 5

Items in process of collection (0) 213 - 7 - 74

Bank premises 2,204 0 - 31

Central bank liquidity swaps8 6 - 344 - 139

Foreign currency denominated assets9 21,444 - 19 + 1,351

Other assets10 25,293 + 2,652 - 25

Total assets (0) 4,481,635 + 22,241 - 6,174

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

Sep 14, 2016 Sep 7, 2016 Sep 16, 2015

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,424,422 - 3,016 + 84,701

Reverse repurchase agreements11 316,600 - 3,179 + 80,583

Deposits (0) 2,691,034 + 26,481 - 155,320

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,349,288 - 32,740 - 294,476

U.S. Treasury, General Account 252,691 + 14,539 + 72,701

Foreign official 5,166 - 1 - 104

Other12 (0) 83,889 + 44,684 + 66,560

Deferred availability cash items (0) 761 + 111 + 405

Other liabilities and accrued dividends13 8,671 + 1,841 + 1,598

Total liabilities (0) 4,441,488 + 22,239 + 11,967

Capital accounts

Capital paid in 30,147 + 2 + 1,003

Surplus 10,000 0 - 19,144

Other capital accounts 0 0 0

Total capital 40,147 + 2 - 18,141

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, September 14, 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 1,925 47 75 153 131 303 191 279 32 55 137 197 324

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,412,606 108,391 2,510,947 119,806 132,144 269,659 246,969 175,829 55,750 32,624 61,430 157,066 541,991

Securities held outright1 4,249,517 104,390 2,418,261 115,384 127,266 259,704 237,842 169,322 53,632 31,330 59,142 151,260 521,985

U.S. Treasury securities 2,463,553 60,518 1,401,927 66,891 73,779 150,557 137,883 98,160 31,092 18,163 34,286 87,690 302,608

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

Notes and bonds3 2,463,553 60,518 1,401,927 66,891 73,779 150,557 137,883 98,160 31,092 18,163 34,286 87,690 302,608

Federal agency debt securities2 22,492 553 12,799 611 674 1,375 1,259 896 284 166 313 801 2,763

Mortgage-backed securities4 1,763,473 43,320 1,003,534 47,882 52,813 107,772 98,700 70,265 22,256 13,001 24,543 62,770 216,614

Unamortized premiums on securities 

held outright5 178,425 4,383 101,536 4,845 5,344 10,904 9,986 7,109 2,252 1,315 2,483 6,351 21,917

Unamortized discounts on securities 

held outright5 -15,551 -382 -8,850 -422 -466 -950 -870 -620 -196 -115 -216 -554 -1,910

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

Loans 215 0 0 0 0 1 11 17 62 94 21 8 0

Net portfolio holdings of Maiden

Lane LLC7 1,707 0 1,707 0 0 0 0 0 0 0 0 0 0

Items in process of collection 213 0 0 0 0 0 212 0 0 1 0 0 0

Bank premises 2,204 118 428 72 105 206 208 201 115 90 240 225 197

Central bank liquidity swaps8 6 0 2 0 0 1 0 0 0 0 0 0 1

Foreign currency denominated

assets9 21,444 948 7,077 1,180 1,633 4,782 1,190 575 220 92 214 272 3,262

Other assets10 25,293 653 13,842 687 756 1,737 1,430 1,020 520 207 400 938 3,104

Interdistrict settlement account 0 - 20,699 + 722 - 6,493 - 1,726 - 10,720 + 5,585 - 5,606 - 49 + 486 - 1,272 + 12,957 + 26,815

Total assets 4,481,635 90,010 2,540,206 115,975 133,867 267,139 257,980 173,474 57,098 33,838 61,598 172,811 577,638

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, September 14, 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 1,612,877 50,414 526,409 50,295 81,324 113,963 222,710 106,407 50,041 27,848 41,461 133,712 208,292

Less: Notes held by F.R. Banks 188,455 6,296 54,586 6,531 9,521 13,801 29,117 12,593 5,427 3,171 5,451 15,703 26,258

Federal Reserve notes, net 1,424,422 44,118 471,823 43,764 71,803 100,161 193,594 93,814 44,615 24,677 36,010 118,008 182,034

Reverse repurchase agreements11 316,600 7,777 180,167 8,596 9,482 19,349 17,720 12,615 3,996 2,334 4,406 11,269 38,889

Deposits 2,691,034 36,120 1,870,600 61,152 49,228 138,096 43,674 65,147 7,870 5,970 20,609 42,681 349,887

Term deposits held by depository

institutions 0 0 0 0 0 0 0 0 0 0 0 0 0

Other deposits held by depository

institutions 2,349,288 36,116 1,536,438 61,149 49,225 137,738 43,665 57,959 7,862 5,970 20,607 42,680 349,878

U.S. Treasury, General Account 252,691 0 252,691 0 0 0 0 0 0 0 0 0 0

Foreign official 5,166 2 5,139 2 3 9 2 1 0 0 0 1 6

Other12 83,889 2 76,332 0 0 349 7 7,187 8 0 1 1 3

Deferred availability cash items 761 0 0 0 0 0 241 0 0 520 0 0 0

Earnings remittances due to the U.S.

Treasury13 1,828 46 1,077 46 50 96 102 76 22 12 23 65 214

Other liabilities and accrued

dividends 6,843 201 3,382 246 254 626 431 328 164 154 157 280 619

Total liabilities 4,441,488 88,262 2,527,049 113,804 130,818 258,329 255,761 171,981 56,666 33,667 61,205 172,303 571,643

Capital

Capital paid in 30,147 1,306 9,858 1,620 2,287 6,580 1,664 1,225 329 128 293 381 4,474

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 4,481,635 90,010 2,540,206 115,975 133,867 267,139 257,980 173,474 57,098 33,838 61,598 172,811 577,638

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, September 14, 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 Sep 14, 2016

Federal Reserve notes outstanding 1,612,877

Less: Notes held by F.R. Banks not subject to collateralization 188,455

Federal Reserve notes to be collateralized 1,424,422

Collateral held against Federal Reserve notes 1,424,422

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,408,185

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,249,517

Less: Face value of securities under reverse repurchase agreements 294,596

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,954,922

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.