FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks November 3, 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

Nov 2, 2016 Oct 26, 2016 Nov 4, 2015

Wednesday

Nov 2, 2016

Reserve Bank credit 4,412,757 - 17,278 - 38,984 4,413,155

Securities held outright1 4,217,899 - 13,785 - 22,119 4,217,925

U.S. Treasury securities 2,463,564 + 29 + 1,786 2,463,586

Bills2 0 0 0 0

Notes and bonds, nominal2 2,340,847 - 129 - 5,792 2,340,674

Notes and bonds, inflation-indexed2 105,353 + 129 + 6,819 105,526

Inflation compensation3 17,364 + 29 + 760 17,385

Federal agency debt securities2 18,493 0 - 15,653 18,493

Mortgage-backed securities4 1,735,843 - 13,813 - 8,252 1,735,847

Unamortized premiums on securities held outright5 175,836 - 767 - 16,386 175,708

Unamortized discounts on securities held outright5 -15,315 + 42 + 1,538 -15,294

Repurchase agreements6 0 0 0 0

Loans 58 - 34 - 89 35

Primary credit 4 - 2 - 2 3

Secondary credit 0 0 0 0

Seasonal credit 53 - 33 - 88 32

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,706 - 2 - 7 1,708

Float -835 - 509 - 1,143 -429

Central bank liquidity swaps8 1,015 - 2,526 + 872 1,015

Other Federal Reserve assets9 32,393 + 303 - 1,649 32,487

Foreign currency denominated assets10 20,916 + 47 + 1,169 21,307

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 48,281 + 14 + 826 48,281

Total factors supplying reserve funds 4,498,195 - 17,217 - 36,988 4,498,984

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

Nov 2, 2016 Oct 26, 2016 Nov 4, 2015

Wednesday

Nov 2, 2016

Currency in circulation11 1,479,212 + 3,300 + 82,234 1,484,552

Reverse repurchase agreements12 395,131 - 6,178 + 22,946 414,938

Foreign official and international accounts 239,705 + 283 + 39,817 238,706

Others 155,426 - 6,461 - 16,871 176,232

Treasury cash holdings 182 + 5 - 56 184

Deposits with F.R. Banks, other than reserve balances 469,090 - 60,074 + 411,322 414,973

Term deposits held by depository institutions 0 - 48,601 0 0

U.S. Treasury, General Account 417,665 - 11,362 + 387,870 371,894

Foreign official 5,173 + 3 - 97 5,172

Other13 46,253 - 113 + 23,550 37,907

Other liabilities and capital14 46,593 - 674 - 18,854 47,128

Total factors, other than reserve balances,

absorbing reserve funds 2,390,208 - 63,621 + 497,591 2,361,775

Reserve balances with Federal Reserve Banks 2,107,987 + 46,404 - 534,579 2,137,209

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

Nov 2, 2016 Oct 26, 2016 Nov 4, 2015

Wednesday

Nov 2, 2016

Securities held in custody for foreign official and international

accounts 3,120,341 - 4,891 - 163,422 3,109,033

Marketable U.S. Treasury securities1 2,800,637 - 5,613 - 161,771 2,788,407

Federal agency debt and mortgage-backed securities2 259,417 - 249 - 15,896 260,124

Other securities3 60,286 + 970 + 14,244 60,501

Securities lent to dealers 21,381 + 234 + 5,171 19,271

Overnight facility4 21,381 + 234 + 5,171 19,271

U.S. Treasury securities 21,356 + 234 + 5,197 19,247

Federal agency debt securities 25 + 1 - 26 24

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, November 2, 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 9 26 0 0 0 ... 35

U.S. Treasury securities1

Holdings 13,573 32,689 148,238 1,198,562 435,165 635,358 2,463,586

Weekly changes + 7,044 - 6,216 + 1,345 - 4,162 + 1,700 + 330 + 42

Federal agency debt securities2

Holdings 0 2,313 9,423 4,410 0 2,347 18,493

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities3

Holdings 0 0 0 1,582 10,908 1,723,357 1,735,847

Weekly changes 0 0 0 + 192 - 191 + 6 + 6

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

Central bank liquidity swaps5 1,015 0 0 0 0 0 1,015

Reverse repurchase agreements4 414,938 0 ... ... ... ... 414,938

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 Nov 2, 2016

Mortgage-backed securities held outright1 1,735,847

Commitments to buy mortgage-backed securities2 45,910

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 Nov 2, 2016

Net portfolio holdings of Maiden Lane LLC1 1,708

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 September 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

Nov 2, 2016 Oct 26, 2016 Nov 4, 2015

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,884 - 11 - 2

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,378,375 - 293 - 36,989

Securities held outright1 4,217,925 + 47 - 22,083

U.S. Treasury securities 2,463,586 + 42 + 1,826

Bills2 0 0 0

Notes and bonds, nominal2 2,340,674 - 302 - 5,965

Notes and bonds, inflation-indexed2 105,526 + 302 + 6,992

Inflation compensation3 17,385 + 41 + 798

Federal agency debt securities2 18,493 0 - 15,653

Mortgage-backed securities4 1,735,847 + 6 - 8,255

Unamortized premiums on securities held outright5 175,708 - 348 - 16,356

Unamortized discounts on securities held outright5 -15,294 + 49 + 1,545

Repurchase agreements6 0 0 0

Loans 35 - 41 - 97

Net portfolio holdings of Maiden Lane LLC7 1,708 + 3 - 5

Items in process of collection (0) 75 + 13 - 377

Bank premises 2,199 - 3 - 32

Central bank liquidity swaps8 1,015 - 2,526 + 872

Foreign currency denominated assets9 21,307 + 436 + 1,752

Other assets10 30,288 + 1,143 - 1,833

Total assets (0) 4,453,087 - 1,239 - 36,615

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

Nov 2, 2016 Oct 26, 2016 Nov 4, 2015

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,438,335 + 6,954 + 82,486

Reverse repurchase agreements11 414,938 + 30,129 + 106,654

Deposits (0) 2,552,182 - 39,688 - 207,961

Term deposits held by depository institutions 0 - 48,601 0

Other deposits held by depository institutions 2,137,209 + 72,189 - 552,642

U.S. Treasury, General Account 371,894 - 48,362 + 327,679

Foreign official 5,172 + 6 - 109

Other12 (0) 37,907 - 14,919 + 17,111

Deferred availability cash items (0) 504 - 23 + 129

Other liabilities and accrued dividends13 6,939 + 1,383 + 516

Total liabilities (0) 4,412,898 - 1,245 - 18,177

Capital accounts

Capital paid in 30,188 + 6 + 874

Surplus 10,000 0 - 19,314

Other capital accounts 0 0 0

Total capital 40,188 + 6 - 18,439

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, November 2, 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 1,884 48 74 159 133 301 179 278 31 53 124 186 317

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,378,375 107,555 2,491,569 118,882 131,124 267,577 245,055 174,457 55,263 32,290 60,943 155,852 537,809

Securities held outright1 4,217,925 103,614 2,400,283 114,526 126,320 257,773 236,074 168,063 53,234 31,097 58,702 150,136 518,104

U.S. Treasury securities 2,463,586 60,519 1,401,945 66,892 73,780 150,559 137,885 98,161 31,092 18,163 34,287 87,691 302,612

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

Notes and bonds3 2,463,586 60,519 1,401,945 66,892 73,780 150,559 137,885 98,161 31,092 18,163 34,287 87,691 302,612

Federal agency debt securities2 18,493 454 10,524 502 554 1,130 1,035 737 233 136 257 658 2,272

Mortgage-backed securities4 1,735,847 42,641 987,813 47,132 51,986 106,084 97,154 69,165 21,908 12,798 24,158 61,787 213,221

Unamortized premiums on securities 

held outright5 175,708 4,316 99,990 4,771 5,262 10,738 9,834 7,001 2,218 1,295 2,445 6,254 21,583

Unamortized discounts on securities 

held outright5 -15,294 -376 -8,704 -415 -458 -935 -856 -609 -193 -113 -213 -544 -1,879

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

Loans 35 0 0 0 0 0 3 2 5 11 8 6 1

Net portfolio holdings of Maiden

Lane LLC7 1,708 0 1,708 0 0 0 0 0 0 0 0 0 0

Items in process of collection 75 0 0 0 0 0 74 0 0 0 0 0 0

Bank premises 2,199 118 431 71 105 204 206 200 114 90 239 224 196

Central bank liquidity swaps8 1,015 45 335 56 77 226 56 27 10 4 10 13 154

Foreign currency denominated

assets9 21,307 938 7,088 1,168 1,616 4,733 1,178 569 218 91 212 269 3,228

Other assets10 30,288 783 16,783 827 915 2,012 1,714 1,223 477 252 478 1,092 3,731

Interdistrict settlement account 0 - 19,243 - 19,000 - 9,198 - 3,157 - 8,481 + 11,339 + 3,528 + 4,181 + 2,837 + 1,047 + 23,508 + 12,640

Total assets 4,453,087 90,795 2,504,394 112,533 131,636 267,744 261,996 181,459 60,804 35,901 63,503 182,301 560,021

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, November 2, 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 1,616,099 49,892 523,852 51,530 80,497 113,908 223,310 109,108 49,767 28,206 43,113 133,840 209,076

Less: Notes held by F.R. Banks 177,764 6,452 45,422 6,536 9,407 14,117 27,225 11,887 5,545 3,164 5,813 15,503 26,693

Federal Reserve notes, net 1,438,335 43,441 478,430 44,994 71,091 99,790 196,085 97,221 44,222 25,042 37,300 118,336 182,383

Reverse repurchase agreements11 414,938 10,193 236,128 11,266 12,427 25,358 23,224 16,533 5,237 3,059 5,775 14,770 50,968

Deposits 2,552,182 35,195 1,773,495 53,838 44,654 133,099 39,915 65,873 10,738 7,068 19,881 48,398 320,028

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 2,137,209 35,188 1,367,970 53,836 44,650 132,813 39,906 56,758 10,724 7,067 19,880 48,397 320,020

U.S. Treasury, General Account 371,894 0 371,894 0 0 0 0 0 0 0 0 0 0

Foreign official 5,172 2 5,146 2 3 9 2 1 0 0 0 1 6

Other12 37,907 5 28,486 0 0 277 7 9,114 13 0 1 1 2

Deferred availability cash items 504 0 0 0 0 0 93 0 0 410 0 0 0

Earnings remittances due to the U.S.

Treasury13 2,283 64 1,206 71 88 202 141 84 28 15 27 72 286

Other liabilities and accrued

dividends 4,656 153 2,095 185 195 493 320 251 141 137 124 209 354

Total liabilities 4,412,898 89,045 2,491,354 110,354 128,454 258,943 259,778 179,962 60,366 35,731 63,107 181,785 554,019

Capital

Capital paid in 30,188 1,307 9,741 1,629 2,420 6,571 1,663 1,229 336 127 296 388 4,480

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 4,453,087 90,795 2,504,394 112,533 131,636 267,744 261,996 181,459 60,804 35,901 63,503 182,301 560,021

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, November 2, 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 Nov 2, 2016

Federal Reserve notes outstanding 1,616,099

Less: Notes held by F.R. Banks not subject to collateralization 177,764

Federal Reserve notes to be collateralized 1,438,335

Collateral held against Federal Reserve notes 1,438,335

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,422,098

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,217,925

Less: Face value of securities under reverse repurchase agreements 388,186

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,829,739

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.