FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks August 11, 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

Aug 10, 2016 Aug 3, 2016 Aug 12, 2015

Wednesday

Aug 10, 2016

Reserve Bank credit 4,427,881 + 1,779 - 22,253 4,428,820

Securities held outright1 4,226,519 + 94 - 5,106 4,226,556

U.S. Treasury securities 2,462,922 + 92 + 1,261 2,462,956

Bills2 0 0 0 0

Notes and bonds, nominal2 2,342,204 0 - 4,437 2,342,204

Notes and bonds, inflation-indexed2 103,596 0 + 5,062 103,596

Inflation compensation3 17,122 + 92 + 636 17,156

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

Mortgage-backed securities4 1,741,104 + 2 + 6,233 1,741,109

Unamortized premiums on securities held outright5 179,003 - 331 - 17,108 178,885

Unamortized discounts on securities held outright5 -15,711 + 21 + 1,628 -15,699

Repurchase agreements6 0 0 0 0

Loans 192 - 11 - 20 200

Primary credit 5 - 13 - 3 1

Secondary credit 0 0 0 0

Seasonal credit 187 + 2 - 17 199

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,705 + 1 + 3 1,707

Float -337 + 380 - 291 -305

Central bank liquidity swaps8 575 - 355 + 346 575

Other Federal Reserve assets9 35,935 + 1,982 - 1,707 36,900

Foreign currency denominated assets10 21,319 - 32 + 1,791 21,432

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 48,011 + 14 + 859 48,011

Total factors supplying reserve funds 4,513,452 + 1,762 - 19,604 4,514,504

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 10, 2016 Aug 3, 2016 Aug 12, 2015

Wednesday

Aug 10, 2016

Currency in circulation11 1,464,633 + 1,791 + 89,475 1,465,369

Reverse repurchase agreements12 303,538 - 23,859 + 59,351 321,071

Foreign official and international accounts 242,588 + 658 + 80,268 240,897

Others 60,950 - 24,517 - 20,918 80,174

Treasury cash holdings 106 + 28 - 35 111

Deposits with F.R. Banks, other than reserve balances 301,750 - 39,030 + 13,430 298,071

Term deposits held by depository institutions 0 0 - 66,066 0

U.S. Treasury, General Account 259,832 - 38,981 + 63,509 252,095

Foreign official 5,204 + 7 - 40 5,196

Other13 36,713 - 57 + 16,026 40,780

Other liabilities and capital14 48,199 + 366 - 18,093 47,102

Total factors, other than reserve balances,

absorbing reserve funds 2,118,226 - 60,704 + 144,128 2,131,724

Reserve balances with Federal Reserve Banks 2,395,226 + 62,465 - 163,731 2,382,780

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

Aug 10, 2016 Aug 3, 2016 Aug 12, 2015

Wednesday

Aug 10, 2016

Securities held in custody for foreign official and international

accounts 3,200,480 - 18,674 - 161,129 3,194,960

Marketable U.S. Treasury securities1 2,877,121 - 18,917 - 144,344 2,871,413

Federal agency debt and mortgage-backed securities2 264,868 + 3 - 30,766 264,764

Other securities3 58,491 + 240 + 13,981 58,783

Securities lent to dealers 22,245 - 687 + 9,711 20,472

Overnight facility4 22,245 - 687 + 9,711 20,472

U.S. Treasury securities 22,232 - 681 + 9,757 20,461

Federal agency debt securities 13 - 6 - 46 11

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 10, 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 48 152 0 0 0 ... 200

U.S. Treasury securities1

Holdings 6,351 20,332 152,993 1,190,634 454,289 638,357 2,462,956

Weekly changes 0 0 + 4 + 14 + 16 + 56 + 91

Federal agency debt securities2

Holdings 0 3,999 10,396 5,750 0 2,347 22,492

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities3

Holdings 0 0 0 1,198 9,989 1,729,922 1,741,109

Weekly changes 0 0 0 0 + 1 + 5 + 5

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

Central bank liquidity swaps5 575 0 0 0 0 0 575

Reverse repurchase agreements4 321,071 0 ... ... ... ... 321,071

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 10, 2016

Mortgage-backed securities held outright1 1,741,109

Commitments to buy mortgage-backed securities2 49,291

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 Aug 10, 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

Aug 10, 2016 Aug 3, 2016 Aug 12, 2015

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,912 + 12 + 23

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,389,943 - 178 - 20,626

Securities held outright1 4,226,556 + 95 - 5,115

U.S. Treasury securities 2,462,956 + 91 + 1,262

Bills2 0 0 0

Notes and bonds, nominal2 2,342,204 0 - 4,437

Notes and bonds, inflation-indexed2 103,596 0 + 5,062

Inflation compensation3 17,156 + 91 + 637

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

Mortgage-backed securities4 1,741,109 + 5 + 6,225

Unamortized premiums on securities held outright5 178,885 - 320 - 17,103

Unamortized discounts on securities held outright5 -15,699 + 31 + 1,629

Repurchase agreements6 0 0 0

Loans 200 + 14 - 38

Net portfolio holdings of Maiden Lane LLC7 1,707 + 2 + 5

Items in process of collection (0) 225 + 15 + 20

Bank premises 2,210 0 - 25

Central bank liquidity swaps8 575 - 355 + 346

Foreign currency denominated assets9 21,432 + 6 + 1,660

Other assets10 34,689 + 2,635 - 1,723

Total assets (0) 4,468,929 + 2,136 - 20,321

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 10, 2016 Aug 3, 2016 Aug 12, 2015

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,419,376 + 442 + 87,590

Reverse repurchase agreements11 321,071 + 9,817 + 92,875

Deposits (0) 2,680,851 - 7,878 - 181,967

Term deposits held by depository institutions 0 0 - 66,066

Other deposits held by depository institutions 2,382,780 - 20,284 - 173,010

U.S. Treasury, General Account 252,095 + 6,413 + 44,106

Foreign official 5,196 - 1 - 48

Other12 (0) 40,780 + 5,993 + 13,050

Deferred availability cash items (0) 529 + 69 + 71

Other liabilities and accrued dividends13 6,982 - 325 - 824

Total liabilities (0) 4,428,809 + 2,124 - 2,255

Capital accounts

Capital paid in 30,120 + 12 + 1,027

Surplus 10,000 0 - 19,093

Other capital accounts 0 0 0

Total capital 40,120 + 12 - 18,066

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, August 10, 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 1,912 42 72 150 138 305 190 279 31 58 134 194 318

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,389,943 107,835 2,498,058 119,191 131,465 268,273 245,693 174,932 55,464 32,459 61,105 156,258 539,209

Securities held outright1 4,226,556 103,826 2,405,194 114,760 126,578 258,301 236,557 168,407 53,343 31,161 58,823 150,443 519,164

U.S. Treasury securities 2,462,956 60,503 1,401,587 66,875 73,761 150,520 137,850 98,136 31,084 18,158 34,278 87,668 302,534

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

Notes and bonds3 2,462,956 60,503 1,401,587 66,875 73,761 150,520 137,850 98,136 31,084 18,158 34,278 87,668 302,534

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 1,741,109 42,771 990,808 47,275 52,143 106,406 97,448 69,374 21,974 12,836 24,232 61,974 213,867

Unamortized premiums on securities 

held outright5 178,885 4,394 101,798 4,857 5,357 10,932 10,012 7,128 2,258 1,319 2,490 6,367 21,973

Unamortized discounts on securities 

held outright5 -15,699 -386 -8,934 -426 -470 -959 -879 -626 -198 -116 -218 -559 -1,928

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

Loans 200 0 0 0 0 0 3 23 62 96 11 6 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 225 0 0 0 0 0 223 0 0 1 0 0 0

Bank premises 2,210 119 430 73 105 206 208 201 115 90 240 225 197

Central bank liquidity swaps8 575 25 190 32 44 128 32 15 6 2 6 7 87

Foreign currency denominated

assets9 21,432 947 7,073 1,179 1,632 4,779 1,190 574 220 92 214 272 3,260

Other assets10 34,689 889 19,247 948 1,045 2,295 1,963 1,398 531 283 537 1,284 4,270

Interdistrict settlement account 0 - 21,785 - 22,782 - 17,750 + 1,374 - 10,709 + 6,797 - 2,066 + 1,171 + 252 - 878 + 14,265 + 52,111

Total assets 4,468,929 88,624 2,509,400 104,392 136,627 266,450 258,490 176,510 58,048 33,520 61,806 173,662 601,398

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 10, 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 1,605,013 49,997 522,649 50,085 81,875 112,422 221,544 105,727 50,266 27,708 41,266 133,470 208,005

Less: Notes held by F.R. Banks 185,637 5,880 58,209 6,157 9,066 13,276 27,938 11,762 5,110 2,796 5,058 15,459 24,926

Federal Reserve notes, net 1,419,376 44,117 464,440 43,929 72,808 99,146 193,606 93,965 45,156 24,912 36,209 118,011 183,080

Reverse repurchase agreements11 321,071 7,887 182,711 8,718 9,616 19,622 17,970 12,793 4,052 2,367 4,468 11,428 39,438

Deposits 2,680,851 34,678 1,845,466 49,339 50,920 138,277 44,009 67,933 8,248 5,650 20,589 43,436 372,307

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 2,382,780 34,671 1,554,565 49,335 50,917 138,183 44,000 60,900 8,239 5,650 20,587 43,434 372,299

U.S. Treasury, General Account 252,095 0 252,095 0 0 0 0 0 0 0 0 0 0

Foreign official 5,196 2 5,170 2 3 9 2 1 0 0 0 1 6

Other12 40,780 5 33,637 1 0 85 7 7,032 8 0 1 1 3

Deferred availability cash items 529 0 0 0 0 0 259 0 0 270 0 0 0

Earnings remittances due to the U.S.

Treasury13 2,080 52 1,184 56 62 121 125 87 25 14 28 77 248

Other liabilities and accrued

dividends 4,902 143 2,446 181 184 475 305 239 136 136 120 203 333

Total liabilities 4,428,809 86,877 2,496,247 102,223 133,590 257,641 256,273 175,018 57,616 33,350 61,413 173,154 595,407

Capital

Capital paid in 30,120 1,305 9,855 1,619 2,276 6,579 1,662 1,225 329 128 293 381 4,470

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 4,468,929 88,624 2,509,400 104,392 136,627 266,450 258,490 176,510 58,048 33,520 61,806 173,662 601,398

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 10, 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 Aug 10, 2016

Federal Reserve notes outstanding 1,605,013

Less: Notes held by F.R. Banks not subject to collateralization 185,637

Federal Reserve notes to be collateralized 1,419,376

Collateral held against Federal Reserve notes 1,419,376

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,403,140

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,226,556

Less: Face value of securities under reverse repurchase agreements 296,569

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,929,988

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.