FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks October 4, 2018

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Week ended

Oct 3, 2018 Sep 26, 2018 Oct 4, 2017

Wednesday

Oct 3, 2018

Reserve Bank credit 4,145,764 - 15,611 - 274,353 4,135,597

Securities held outright1 3,989,250 - 15,050 - 251,102 3,978,394

U.S. Treasury securities 2,305,066 - 8,141 - 160,369 2,294,210

Bills2 100 0 + 100 100

Notes and bonds, nominal2 2,167,456 - 8,146 - 169,870 2,156,595

Notes and bonds, inflation-indexed2 115,579 0 + 6,167 115,579

Inflation compensation3 21,931 + 4 + 3,234 21,936

Federal agency debt securities2 2,409 0 - 4,348 2,409

Mortgage-backed securities4 1,681,775 - 6,909 - 86,385 1,681,775

Unamortized premiums on securities held outright5 144,804 - 461 - 17,590 144,710

Unamortized discounts on securities held outright5 -13,669 + 31 + 768 -13,658

Repurchase agreements6 0 0 0 0

Loans 327 - 20 + 135 397

Primary credit 75 + 19 + 72 151

Secondary credit 0 0 0 0

Seasonal credit 252 - 40 + 63 246

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 7 0 - 1,700 7

Float -629 - 459 + 39 -192

Central bank liquidity swaps8 74 - 16 - 3,546 74

Other Federal Reserve assets9 25,600 + 364 - 1,356 25,865

Foreign currency denominated assets10 20,872 - 214 - 293 20,782

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 49,773 + 14 + 598 49,773

Total factors supplying reserve funds 4,232,650 - 15,812 - 274,048 4,222,393

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

Oct 3, 2018 Sep 26, 2018 Oct 4, 2017

Wednesday

Oct 3, 2018

Currency in circulation11 1,686,724 + 2,159 + 106,369 1,689,897

Reverse repurchase agreements12 256,473 + 21,229 - 225,292 230,047

Foreign official and international accounts 229,933 + 7,356 - 7,842 227,093

Others 26,540 + 13,873 - 217,449 2,954

Treasury cash holdings 215 + 3 + 17 220

Deposits with F.R. Banks, other than reserve balances 443,703 - 7,101 + 195,709 420,888

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 368,007 - 2,024 + 207,574 350,281

Foreign official 5,256 0 + 90 5,257

Other13 70,440 - 5,077 - 11,956 65,350

Other liabilities and capital14 43,959 - 1,178 - 3,213 43,754

Total factors, other than reserve balances,

absorbing reserve funds 2,431,074 + 15,112 + 73,590 2,384,807

Reserve balances with Federal Reserve Banks 1,801,576 - 30,924 - 347,639 1,837,587

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of

the securities.

5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been

amortized. For U.S. Treasury securities, Federal agency debt securities, and mortgage-backed securities, amortization is on an effective-interest

basis.

6. Cash value of agreements.

7. Refer to table 4 and the note on consolidation accompanying table 6.

8. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned

to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the

foreign central bank.

9. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable. Also, includes Reserve

Bank premises and equipment net of allowances for depreciation.

10. Revalued daily at current foreign currency exchange rates.

11. Estimated.

12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

13. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial

market utilities, and deposits held by depository institutions in joint accounts in connection with their participation in certain private-sector payment

arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks

as fiscal agents of the United States.

14. Includes the liability for earnings remittances due to the U.S. Treasury.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.
H.4.1

1A. Memorandum Items

Millions of dollars

Averages of daily figures

Memorandum item Week ended Change from week ended

Oct 3, 2018 Sep 26, 2018 Oct 4, 2017

Wednesday

Oct 3, 2018

Securities held in custody for foreign official and international

accounts 3,436,117 - 2,432 + 69,966 3,440,337

Marketable U.S. Treasury securities1 3,060,794 - 3,082 + 21,067 3,064,756

Federal agency debt and mortgage-backed securities2 306,819 + 1,077 + 43,834 306,912

Other securities3 68,504 - 426 + 5,065 68,668

Securities lent to dealers 18,322 - 544 - 5,897 18,407

Overnight facility4 18,322 - 544 - 5,897 18,407

U.S. Treasury securities 18,322 - 544 - 5,897 18,407

Federal agency debt securities 0 0 0 0

Note: Components may not sum to totals because of rounding.

1. Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS. Does not include securities pledged as collateral

to foreign official and international account holders against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6.

2. Face value of federal agency securities and current face value of mortgage-backed securities, which is the remaining principal balance of the

securities.

3. Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed securities, and commercial paper at face value.

4. Face value. Fully collateralized by U.S. Treasury securities.

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, October 3, 2018

Millions of dollars

Remaining Maturity Within 15

days

16 days to

90 days

91 days to

1 year

Over 1 year

to 5 years

Over 5 year

to 10 years

Over 10

years

All

Loans 256 141 0 0 0 ... 397

U.S. Treasury securities1

Holdings 26 101,337 310,595 999,352 265,763 617,137 2,294,210

Weekly changes - 19,007 + 18,209 - 5,224 - 11,277 - 1,704 + 4 - 18,998

Federal agency debt securities2

Holdings 0 0 62 0 0 2,347 2,409

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities3

Holdings 0 0 1 184 43,603 1,637,988 1,681,775

Weekly changes 0 0 0 + 28 - 28 + 12 + 12

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

Central bank liquidity swaps5 74 0 0 0 0 0 74

Reverse repurchase agreements4 230,047 0 ... ... ... ... 230,047

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 Oct 3, 2018

Mortgage-backed securities held outright1 1,681,775

Commitments to buy mortgage-backed securities2 6,081

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 6

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 Oct 3, 2018

Net portfolio holdings of Maiden Lane LLC1 7

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

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

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

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

orderly market on the measurement date. Assets are revalued quarterly.

2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York’s statement of condition consistent with

consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 6.

3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in

table 5 and table 6.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3) of

the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets through time

to maximize repayment of the credit extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior loan

from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were repaid in full, with interest.
H.4.1

5. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Oct 3, 2018 Sep 26, 2018 Oct 4, 2017

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,762 - 4 - 98

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,109,842 - 19,177 - 278,565

Securities held outright1 3,978,394 - 18,986 - 261,990

U.S. Treasury securities 2,294,210 - 18,998 - 171,257

Bills2 100 0 + 100

Notes and bonds, nominal2 2,156,595 - 19,007 - 180,731

Notes and bonds, inflation-indexed2 115,579 0 + 6,167

Inflation compensation3 21,936 + 8 + 3,207

Federal agency debt securities2 2,409 0 - 4,348

Mortgage-backed securities4 1,681,775 + 12 - 86,385

Unamortized premiums on securities held outright5 144,710 - 258 - 17,568

Unamortized discounts on securities held outright5 -13,658 + 30 + 774

Repurchase agreements6 0 0 0

Loans 397 + 38 + 220

Net portfolio holdings of Maiden Lane LLC7 7 0 - 1,700

Items in process of collection (0) 134 - 7 + 72

Bank premises 2,179 - 10 - 17

Central bank liquidity swaps8 74 - 16 - 3,546

Foreign currency denominated assets9 20,782 - 295 - 329

Other assets10 23,686 + 1,303 - 1,537

Total assets (0) 4,174,704 - 18,205 - 285,718

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

Oct 3, 2018 Sep 26, 2018 Oct 4, 2017

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,642,102 + 3,887 + 106,354

Reverse repurchase agreements11 230,047 + 288 - 179,307

Deposits (0) 2,258,475 - 21,203 - 208,768

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 1,837,587 - 287 - 390,931

U.S. Treasury, General Account 350,281 - 16,962 + 195,662

Foreign official 5,257 + 2 + 92

Other12 (0) 65,350 - 3,956 - 13,591

Deferred availability cash items (0) 326 - 214 - 364

Other liabilities and accrued dividends13 4,645 - 974 - 1,552

Total liabilities (0) 4,135,594 - 18,217 - 283,639

Capital accounts

Capital paid in 32,284 + 11 + 1,094

Surplus 6,825 0 - 3,175

Other capital accounts 0 0 0

Total capital 39,109 + 11 - 2,081

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.

5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been

amortized. For U.S. Treasury securities, Federal agency debt securities, and mortgage-backed securities, amortization is on an effective-interest

basis.

6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

7. Refer to table 4 and the note on consolidation accompanying table 6.

8. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to

the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign

central bank.

9. Revalued daily at current foreign currency exchange rates.

10. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.

11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

12. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial

market utilities, and deposits held by depository institutions in joint accounts in connection with their participation in certain private-sector payment

arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks

as fiscal agents of the United States.

13. Includes the liability for earnings remittances due to the U.S. Treasury.
H.4.1

6. Statement of Condition of Each Federal Reserve Bank, October 3, 2018

Millions of dollars

Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco

Assets

Gold certificate account 11,037 364 3,626 350 544 773 1,491 739 334 199 307 905 1,405

Special drawing rights certificate acct. 5,200 196 1,818 210 237 412 654 424 150 90 153 282 574

Coin 1,762 48 43 158 118 245 188 292 32 43 107 200 289

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,109,842 78,486 2,268,733 103,755 116,504 243,181 246,692 220,112 54,842 34,361 64,703 169,926 508,547

Securities held outright1 3,978,394 75,983 2,196,382 100,446 112,789 235,426 238,810 213,074 52,966 33,200 62,629 164,506 492,184

U.S. Treasury securities 2,294,210 43,817 1,266,582 57,924 65,042 135,762 137,714 122,873 30,544 19,145 36,116 94,865 283,826

Bills2 100 2 55 3 3 6 6 5 1 1 2 4 12

Notes and bonds3 2,294,110 43,815 1,266,527 57,921 65,039 135,757 137,708 122,868 30,542 19,144 36,115 94,861 283,814

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

Mortgage-backed securities4 1,681,775 32,120 928,470 42,461 47,679 99,521 100,952 90,072 22,390 14,034 26,475 69,541 208,059

Unamortized premiums on securities 

held outright5 144,710 2,764 79,891 3,654 4,103 8,563 8,686 7,750 1,927 1,208 2,278 5,984 17,903

Unamortized discounts on securities 

held outright5 -13,658 -261 -7,540 -345 -387 -808 -820 -732 -182 -114 -215 -565 -1,690

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

Loans 397 0 0 0 0 0 16 19 132 68 11 1 150

Net portfolio holdings of Maiden

Lane LLC7 7 0 7 0 0 0 0 0 0 0 0 0 0

Items in process of collection 134 0 0 0 0 0 133 0 0 0 0 0 0

Bank premises 2,179 108 443 77 117 195 205 196 106 95 233 218 187

Central bank liquidity swaps8 74 3 23 4 6 16 4 3 1 0 1 1 11

Foreign currency denominated

assets9 20,782 884 6,553 1,180 1,677 4,489 1,201 881 300 95 206 257 3,058

Other assets10 23,686 487 12,661 594 686 1,605 1,423 1,248 394 254 431 996 2,908

Interdistrict settlement account 0 + 3,815 - 4,051 - 4,480 + 3,184 - 5,452 + 32,274 - 1,426 + 2,910 + 57 - 3,287 + 8,260 - 31,803

Total assets 4,174,704 84,391 2,289,856 101,849 123,074 245,463 284,266 222,468 59,068 35,195 62,854 181,044 485,176

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, October 3, 2018 (continued)

Millions of dollars

Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco

Liabilities

Federal Reserve notes outstanding 1,834,789 58,395 611,634 54,713 88,005 125,743 263,805 120,210 55,320 30,377 49,624 149,945 227,018

Less: Notes held by F.R. Banks 192,687 6,151 52,345 7,229 9,214 14,023 29,839 12,927 5,576 3,078 5,708 17,262 29,336

Federal Reserve notes, net 1,642,102 52,244 559,290 47,484 78,792 111,720 233,966 107,282 49,744 27,299 43,917 132,684 197,682

Reverse repurchase agreements11 230,047 4,394 127,004 5,808 6,522 13,613 13,809 12,321 3,063 1,920 3,621 9,512 28,460

Deposits 2,258,475 25,963 1,589,253 46,117 34,435 111,321 33,754 100,918 5,512 5,454 14,786 38,103 252,859

Term deposits held by depository

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

Other deposits held by depository

institutions 1,837,587 25,931 1,215,345 46,114 34,373 110,656 33,718 54,964 5,498 5,402 14,772 37,961 252,852

U.S. Treasury, General Account 350,281 0 350,281 0 0 0 0 0 0 0 0 0 0

Foreign official 5,257 2 5,230 2 3 9 2 2 1 0 0 0 6

Other12 65,350 29 18,398 1 59 657 34 45,952 13 52 13 141 2

Deferred availability cash items 326 0 0 0 0 0 132 0 0 194 0 0 0

Earnings remittances due to the U.S.

Treasury13 535 -6 366 -4 -1 -67 72 37 24 10 10 60 33

Other liabilities and accrued

dividends 4,110 163 1,503 188 199 513 301 272 139 142 141 203 346

Total liabilities 4,135,594 82,758 2,277,416 99,593 119,947 237,100 282,034 220,831 58,481 35,018 62,475 180,562 479,380

Capital

Capital paid in 32,284 1,343 10,288 1,868 2,576 6,888 1,837 1,348 489 145 311 398 4,791

Surplus 6,825 290 2,151 388 551 1,474 394 289 98 31 68 84 1,005

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

Total liabilities and capital 4,174,704 84,391 2,289,856 101,849 123,074 245,463 284,266 222,468 59,068 35,195 62,854 181,044 485,176

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, October 3, 2018 (continued)

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2. Face value of the securities.

3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.

5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury securities, Federal

agency debt securities, and mortgage-backed securities, amortization is on an effective-interest basis.

6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

7. Refer to table 4 and the note on consolidation below.

8. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate

equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.

9. Revalued daily at current foreign currency exchange rates.

10. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.

11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

12. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by

depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements. Also includes certain deposit accounts other than the U.S. Treasury,

General Account, for services provided by the Reserve Banks as fiscal agents of the United States.

13. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after

providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $6.825 billion surplus.

Note on consolidation:

On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to acquire certain

assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the remaining outstanding balance of

the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual returns and could have absorbed any

residual losses should they have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the assets and liabilities of FRBNY in the preparation

of the statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was eliminated, the net assets of ML appeared as assets on the previous

page (and in table 1 and table 5), and the liabilities of ML to entities other than FRBNY, including those with recourse only to the ML portfolio holdings, were included in other liabilities in this table (and table 1

and table 5).
H.4.1

7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents’ Accounts

Millions of dollars

Wednesday Federal Reserve notes and collateral Oct 3, 2018

Federal Reserve notes outstanding 1,834,789

Less: Notes held by F.R. Banks not subject to collateralization 192,687

Federal Reserve notes to be collateralized 1,642,102

Collateral held against Federal Reserve notes 1,642,102

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,625,865

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 3,978,394

Less: Face value of securities under reverse repurchase agreements 231,371

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,747,023

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.