FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks February 23, 2017

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

Feb 22, 2017 Feb 15, 2017 Feb 24, 2016

Wednesday

Feb 22, 2017

Reserve Bank credit 4,423,678 - 815 - 24,004 4,429,989

Securities held outright1 4,244,002 + 11,964 - 6,936 4,250,406

U.S. Treasury securities 2,463,453 + 11 + 2,401 2,463,456

Bills2 0 0 0 0

Notes and bonds, nominal2 2,341,382 0 - 5,289 2,341,382

Notes and bonds, inflation-indexed2 104,930 0 + 6,396 104,930

Inflation compensation3 17,140 + 10 + 1,292 17,144

Federal agency debt securities2 13,329 - 2,272 - 17,989 13,329

Mortgage-backed securities4 1,767,220 + 14,226 + 8,653 1,773,621

Unamortized premiums on securities held outright5 170,930 - 10 - 16,403 171,046

Unamortized discounts on securities held outright5 -15,041 - 4 + 1,304 -15,031

Repurchase agreements6 0 0 0 0

Loans 5 - 6 - 12 3

Primary credit 1 - 5 - 5 0

Secondary credit 0 0 0 0

Seasonal credit 4 - 1 - 7 3

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,705 0 - 16 1,705

Float -295 + 22 - 113 -621

Central bank liquidity swaps8 143 - 93 + 54 143

Other Federal Reserve assets9 22,230 - 12,687 - 1,881 22,339

Foreign currency denominated assets10 19,840 + 10 - 570 19,761

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 48,634 + 14 + 992 48,634

Total factors supplying reserve funds 4,508,393 - 790 - 23,583 4,514,625

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

Feb 22, 2017 Feb 15, 2017 Feb 24, 2016

Wednesday

Feb 22, 2017

Currency in circulation11 1,511,134 + 4,415 + 82,015 1,512,508

Reverse repurchase agreements12 394,670 + 56,233 + 91,168 425,529

Foreign official and international accounts 246,807 - 6,255 + 1,751 247,696

Others 147,863 + 62,488 + 89,417 177,833

Treasury cash holdings 241 + 10 - 3 252

Deposits with F.R. Banks, other than reserve balances 315,431 - 52,935 - 15,554 285,964

Term deposits held by depository institutions 0 0 - 63,907 0

U.S. Treasury, General Account 258,292 - 51,627 + 20,342 228,171

Foreign official 5,166 - 8 - 72 5,165

Other13 51,973 - 1,299 + 28,083 52,628

Other liabilities and capital14 47,896 - 622 + 1,215 47,215

Total factors, other than reserve balances,

absorbing reserve funds 2,269,371 + 7,100 + 158,840 2,271,469

Reserve balances with Federal Reserve Banks 2,239,022 - 7,890 - 182,423 2,243,156

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

Feb 22, 2017 Feb 15, 2017 Feb 24, 2016

Wednesday

Feb 22, 2017

Securities held in custody for foreign official and international

accounts 3,181,440 + 12,322 - 72,811 3,177,006

Marketable U.S. Treasury securities1 2,850,153 + 2,683 - 90,895 2,847,355

Federal agency debt and mortgage-backed securities2 268,297 + 9,087 + 3,561 266,723

Other securities3 62,990 + 552 + 14,522 62,929

Securities lent to dealers 20,099 + 3,170 + 6,807 18,319

Overnight facility4 20,099 + 3,170 + 6,807 18,319

U.S. Treasury securities 20,050 + 3,169 + 6,836 18,269

Federal agency debt securities 49 + 1 - 30 50

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, February 22, 2017

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 3 0 0 0 0 ... 3

U.S. Treasury securities1

Holdings 13,175 48,558 163,208 1,240,509 372,215 625,791 2,463,456

Weekly changes 0 0 0 + 1 + 8,683 - 8,675 + 10

Federal agency debt securities2

Holdings 0 4,495 4,443 2,044 0 2,347 13,329

Weekly changes - 1,500 + 1,500 - 1,500 0 0 0 - 1,500

Mortgage-backed securities3

Holdings 0 0 0 202 11,323 1,762,096 1,773,621

Weekly changes 0 0 0 + 70 + 60 + 13,790 + 13,921

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

Central bank liquidity swaps5 143 0 0 0 0 0 143

Reverse repurchase agreements4 425,529 0 ... ... ... ... 425,529

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 Feb 22, 2017

Mortgage-backed securities held outright1 1,773,621

Commitments to buy mortgage-backed securities2 19,703

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 Feb 22, 2017

Net portfolio holdings of Maiden Lane LLC1 1,705

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 0

Accrued interest payable to the Federal Reserve Bank of New York2 0

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 0

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an

orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of December 31, 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

Feb 22, 2017 Feb 15, 2017 Feb 24, 2016

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,967 - 3 - 3

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,406,424 + 12,523 - 18,097

Securities held outright1 4,250,406 + 12,431 - 3,041

U.S. Treasury securities 2,463,456 + 10 + 2,245

Bills2 0 0 0

Notes and bonds, nominal2 2,341,382 0 - 5,483

Notes and bonds, inflation-indexed2 104,930 0 + 6,396

Inflation compensation3 17,144 + 11 + 1,331

Federal agency debt securities2 13,329 - 1,500 - 17,989

Mortgage-backed securities4 1,773,621 + 13,921 + 12,703

Unamortized premiums on securities held outright5 171,046 + 74 - 16,341

Unamortized discounts on securities held outright5 -15,031 + 30 + 1,302

Repurchase agreements6 0 0 0

Loans 3 - 12 - 16

Net portfolio holdings of Maiden Lane LLC7 1,705 0 - 17

Items in process of collection (0) 127 + 21 - 14

Bank premises 2,202 + 3 - 27

Central bank liquidity swaps8 143 - 93 + 54

Foreign currency denominated assets9 19,761 + 5 - 675

Other assets10 20,137 + 1,571 - 2,314

Total assets (0) 4,468,702 + 14,026 - 21,094

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

Feb 22, 2017 Feb 15, 2017 Feb 24, 2016

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,466,089 + 3,660 + 81,006

Reverse repurchase agreements11 425,529 + 61,620 + 138,853

Deposits (0) 2,529,121 - 51,900 - 242,390

Term deposits held by depository institutions 0 0 - 63,907

Other deposits held by depository institutions 2,243,156 - 11,115 - 182,891

U.S. Treasury, General Account 228,171 - 46,007 + 11,309

Foreign official 5,165 - 17 - 73

Other12 (0) 52,628 + 5,237 - 6,829

Deferred availability cash items (0) 749 + 302 + 77

Other liabilities and accrued dividends13 6,684 + 319 + 363

Total liabilities (0) 4,428,171 + 14,000 - 22,092

Capital accounts

Capital paid in 30,531 + 26 + 999

Surplus 10,000 0 0

Other capital accounts 0 0 0

Total capital 40,531 + 26 + 999

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, February 22, 2017

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 1,967 57 77 165 138 307 200 291 33 54 122 203 322

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,406,424 108,245 2,507,549 119,644 131,965 269,293 246,624 175,576 55,613 32,487 61,326 156,845 541,258

Securities held outright1 4,250,406 104,412 2,418,766 115,408 127,293 259,758 237,892 169,357 53,644 31,336 59,155 151,292 522,094

U.S. Treasury securities 2,463,456 60,515 1,401,872 66,888 73,776 150,551 137,878 98,156 31,091 18,162 34,285 87,686 302,596

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

Notes and bonds3 2,463,456 60,515 1,401,872 66,888 73,776 150,551 137,878 98,156 31,091 18,162 34,285 87,686 302,596

Federal agency debt securities2 13,329 327 7,585 362 399 815 746 531 168 98 186 474 1,637

Mortgage-backed securities4 1,773,621 43,569 1,009,310 48,158 53,117 108,393 99,268 70,670 22,385 13,076 24,684 63,132 217,861

Unamortized premiums on securities 

held outright5 171,046 4,202 97,337 4,644 5,123 10,453 9,573 6,815 2,159 1,261 2,381 6,088 21,010

Unamortized discounts on securities 

held outright5 -15,031 -369 -8,554 -408 -450 -919 -841 -599 -190 -111 -209 -535 -1,846

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

Loans 3 0 0 0 0 0 0 3 0 0 0 0 0

Net portfolio holdings of Maiden

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

Items in process of collection 127 0 0 0 0 0 127 0 0 1 0 0 0

Bank premises 2,202 119 438 72 108 203 205 201 113 89 238 222 196

Central bank liquidity swaps8 143 6 47 8 11 32 8 4 1 1 1 2 22

Foreign currency denominated

assets9 19,761 873 6,520 1,087 1,505 4,407 1,097 530 203 85 197 251 3,006

Other assets10 20,137 525 10,836 550 599 1,401 1,136 800 523 164 323 824 2,456

Interdistrict settlement account 0 - 24,644 - 23,250 - 1,363 - 9,446 - 23,053 + 13,526 + 21,701 + 5,319 + 3,250 + 5,628 + 21,169 + 11,163

Total assets 4,468,702 85,731 2,509,328 120,732 125,701 253,761 265,118 200,279 62,315 36,413 68,285 180,673 560,367

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, February 22, 2017 (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 1,652,063 54,915 532,525 53,055 81,821 118,920 225,259 112,040 49,091 29,241 46,340 137,614 211,241

Less: Notes held by F.R. Banks 185,974 6,189 51,405 6,746 9,830 13,919 25,672 12,475 5,147 3,526 5,884 16,540 28,642

Federal Reserve notes, net 1,466,089 48,727 481,120 46,309 71,990 105,001 199,588 99,565 43,945 25,715 40,456 121,074 182,599

Reverse repurchase agreements11 425,529 10,453 242,155 11,554 12,744 26,006 23,817 16,955 5,371 3,137 5,922 15,147 52,269

Deposits 2,529,121 24,579 1,769,725 60,449 37,426 113,418 38,820 81,723 12,388 6,599 21,358 43,658 318,979

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 2,243,156 24,571 1,506,095 60,447 37,423 113,219 38,811 59,639 12,369 6,599 21,357 43,657 318,970

U.S. Treasury, General Account 228,171 0 228,171 0 0 0 0 0 0 0 0 0 0

Foreign official 5,165 2 5,139 2 3 9 2 1 0 0 0 1 6

Other12 52,628 6 30,320 0 0 190 7 22,083 18 0 1 0 2

Deferred availability cash items 749 0 0 0 0 0 103 0 0 646 0 0 0

Earnings remittances due to the U.S.

Treasury13 1,769 51 973 47 54 104 113 75 28 15 30 69 211

Other liabilities and accrued

dividends 4,915 167 2,353 191 188 478 321 268 133 129 123 206 357

Total liabilities 4,428,171 83,977 2,496,325 118,549 122,402 245,006 262,761 198,585 61,864 36,242 67,890 180,153 554,416

Capital

Capital paid in 30,531 1,320 9,800 1,645 2,485 6,593 1,773 1,275 341 129 298 392 4,479

Surplus 10,000 434 3,202 538 815 2,161 583 419 109 42 97 128 1,473

Other capital 0 0 0 0 0 0 0 0 0 0 0 0 0

Total liabilities and capital 4,468,702 85,731 2,509,328 120,732 125,701 253,761 265,118 200,279 62,315 36,413 68,285 180,673 560,367

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, February 22, 2017 (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 Feb 22, 2017

Federal Reserve notes outstanding 1,652,063

Less: Notes held by F.R. Banks not subject to collateralization 185,974

Federal Reserve notes to be collateralized 1,466,089

Collateral held against Federal Reserve notes 1,466,089

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,449,852

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,250,406

Less: Face value of securities under reverse repurchase agreements 407,548

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,842,859

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.