FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks July 7, 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

Jul 6, 2016 Jun 29, 2016 Jul 8, 2015

Wednesday

Jul 6, 2016

Reserve Bank credit 4,429,767 - 6,319 - 12,351 4,430,499

Securities held outright1 4,231,030 - 8,421 + 2,016 4,231,064

U.S. Treasury securities 2,462,393 + 140 + 1,334 2,462,427

Bills2 0 0 0 0

Notes and bonds, nominal2 2,338,557 - 729 - 8,084 2,338,557

Notes and bonds, inflation-indexed2 106,669 + 730 + 8,135 106,669

Inflation compensation3 17,167 + 139 + 1,284 17,202

Federal agency debt securities2 25,096 0 - 10,799 25,096

Mortgage-backed securities4 1,743,541 - 8,560 + 11,481 1,743,541

Unamortized premiums on securities held outright5 180,574 - 635 - 17,308 180,466

Unamortized discounts on securities held outright5 -15,934 - 7 + 1,558 -15,924

Repurchase agreements6 0 0 0 0

Loans 222 + 90 + 39 147

Primary credit 88 + 81 + 75 0

Secondary credit 0 0 0 0

Seasonal credit 134 + 9 - 36 147

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,712 - 1 + 16 1,712

Float -450 - 171 - 186 -402

Central bank liquidity swaps8 2,994 + 2,992 + 2,839 2,994

Other Federal Reserve assets9 29,619 - 167 - 1,325 30,441

Foreign currency denominated assets10 21,294 + 38 + 1,572 21,344

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 47,941 + 14 + 914 47,941

Total factors supplying reserve funds 4,515,243 - 6,267 - 9,865 4,516,025

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

Jul 6, 2016 Jun 29, 2016 Jul 8, 2015

Wednesday

Jul 6, 2016

Currency in circulation11 1,465,900 + 7,387 + 94,784 1,466,893

Reverse repurchase agreements12 390,454 + 31,413 + 64,712 338,376

Foreign official and international accounts 258,002 + 5,097 + 100,720 254,975

Others 132,452 + 26,316 - 36,009 83,401

Treasury cash holdings 71 - 22 - 13 72

Deposits with F.R. Banks, other than reserve balances 357,584 - 42,271 + 150,402 355,000

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 303,297 - 33,796 + 120,701 298,044

Foreign official 5,225 - 97 - 37 5,196

Other13 49,063 - 8,376 + 29,739 51,760

Other liabilities and capital14 47,823 + 159 - 18,061 47,402

Total factors, other than reserve balances,

absorbing reserve funds 2,261,833 - 3,333 + 291,825 2,207,743

Reserve balances with Federal Reserve Banks 2,253,410 - 2,934 - 301,690 2,308,282

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

Jul 6, 2016 Jun 29, 2016 Jul 8, 2015

Wednesday

Jul 6, 2016

Securities held in custody for foreign official and international

accounts 3,229,505 + 4,508 - 137,895 3,216,866

Marketable U.S. Treasury securities1 2,917,178 + 5,123 - 106,361 2,905,447

Federal agency debt and mortgage-backed securities2 261,920 - 692 - 36,744 260,832

Other securities3 50,407 + 77 + 5,210 50,587

Securities lent to dealers 26,913 + 2,961 + 15,826 24,729

Overnight facility4 26,913 + 2,961 + 15,826 24,729

U.S. Treasury securities 26,891 + 2,953 + 15,932 24,711

Federal agency debt securities 22 + 8 - 106 18

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, July 6, 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 23 124 0 0 0 ... 147

U.S. Treasury securities1

Holdings 3,644 27,346 146,455 1,195,883 451,851 637,247 2,462,427

Weekly changes - 9,923 + 3,187 + 6,061 - 4,114 + 4,105 + 807 + 124

Federal agency debt securities2

Holdings 2,604 2,000 12,395 5,750 0 2,347 25,096

Weekly changes + 2,604 - 2,604 0 0 0 0 0

Mortgage-backed securities3

Holdings 0 0 0 1,054 9,522 1,732,965 1,743,541

Weekly changes 0 0 0 + 127 - 89 - 38 0

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

Central bank liquidity swaps5 2,994 0 0 0 0 0 2,994

Reverse repurchase agreements4 338,376 0 ... ... ... ... 338,376

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 Jul 6, 2016

Mortgage-backed securities held outright1 1,743,541

Commitments to buy mortgage-backed securities2 37,220

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 Jul 6, 2016

Net portfolio holdings of Maiden Lane LLC1 1,712

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 March 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

Jul 6, 2016 Jun 29, 2016 Jul 8, 2015

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,841 - 12 - 41

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,395,753 - 251 - 13,786

Securities held outright1 4,231,064 + 124 + 2,002

U.S. Treasury securities 2,462,427 + 124 + 1,320

Bills2 0 0 0

Notes and bonds, nominal2 2,338,557 - 729 - 8,084

Notes and bonds, inflation-indexed2 106,669 + 730 + 8,135

Inflation compensation3 17,202 + 125 + 1,271

Federal agency debt securities2 25,096 0 - 10,799

Mortgage-backed securities4 1,743,541 0 + 11,481

Unamortized premiums on securities held outright5 180,466 - 352 - 17,320

Unamortized discounts on securities held outright5 -15,924 - 14 + 1,558

Repurchase agreements6 0 0 0

Loans 147 - 9 - 25

Net portfolio holdings of Maiden Lane LLC7 1,712 0 + 14

Items in process of collection (0) 282 + 145 + 214

Bank premises 2,212 - 8 - 28

Central bank liquidity swaps8 2,994 + 2,992 + 2,839

Foreign currency denominated assets9 21,344 + 97 + 1,504

Other assets10 28,229 + 1,159 - 1,402

Total assets (0) 4,470,605 + 4,123 - 10,684

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

Jul 6, 2016 Jun 29, 2016 Jul 8, 2015

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,420,861 + 4,113 + 94,070

Reverse repurchase agreements11 338,376 - 65,351 + 36,521

Deposits (0) 2,663,282 + 65,369 - 123,471

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,308,282 + 109,163 - 277,061

U.S. Treasury, General Account 298,044 - 48,588 + 124,402

Foreign official 5,196 + 2 - 48

Other12 (0) 51,760 + 4,792 + 29,236

Deferred availability cash items (0) 684 - 722 + 321

Other liabilities and accrued dividends13 7,294 + 719 + 59

Total liabilities (0) 4,430,497 + 4,128 + 7,501

Capital accounts

Capital paid in 30,108 - 5 + 962

Surplus 10,000 0 - 19,146

Other capital accounts 0 0 0

Total capital 40,108 - 5 - 18,185

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, July 6, 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 1,841 44 61 143 134 294 182 272 27 56 132 183 314

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,395,753 107,979 2,501,395 119,350 131,641 268,632 246,025 175,161 55,525 32,469 61,184 156,463 539,929

Securities held outright1 4,231,064 103,937 2,407,760 114,883 126,713 258,576 236,809 168,586 53,399 31,194 58,885 150,604 519,718

U.S. Treasury securities 2,462,427 60,490 1,401,286 66,860 73,746 150,488 137,820 98,115 31,078 18,154 34,271 87,649 302,469

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

Notes and bonds3 2,462,427 60,490 1,401,286 66,860 73,746 150,488 137,820 98,115 31,078 18,154 34,271 87,649 302,469

Federal agency debt securities2 25,096 616 14,281 681 752 1,534 1,405 1,000 317 185 349 893 3,083

Mortgage-backed securities4 1,743,541 42,831 992,192 47,341 52,216 106,554 97,585 69,471 22,005 12,854 24,266 62,061 214,166

Unamortized premiums on securities 

held outright5 180,466 4,433 102,697 4,900 5,405 11,029 10,101 7,191 2,278 1,330 2,512 6,424 22,167

Unamortized discounts on securities 

held outright5 -15,924 -391 -9,062 -432 -477 -973 -891 -635 -201 -117 -222 -567 -1,956

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

Loans 147 0 0 0 0 0 7 18 48 62 8 3 0

Net portfolio holdings of Maiden

Lane LLC7 1,712 0 1,712 0 0 0 0 0 0 0 0 0 0

Items in process of collection 282 0 0 0 0 0 280 1 0 1 0 0 0

Bank premises 2,212 120 429 73 106 207 207 202 115 90 241 225 196

Central bank liquidity swaps8 2,994 132 988 165 228 668 166 80 31 13 30 38 456

Foreign currency denominated

assets9 21,344 943 7,044 1,174 1,626 4,760 1,185 572 219 91 213 271 3,247

Other assets10 28,229 729 15,608 771 853 1,892 1,602 1,142 437 237 446 1,025 3,488

Interdistrict settlement account 0 - 24,859 - 26,093 + 433 - 4,061 - 9,011 + 8,654 + 2,987 + 1,112 + 112 + 407 + 13,487 + 36,832

Total assets 4,470,605 85,640 2,506,549 122,679 131,351 268,613 260,497 181,595 57,975 33,351 63,101 172,848 586,406

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, July 6, 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 1,592,023 49,790 511,528 49,673 81,527 111,405 222,136 106,560 50,506 27,414 40,665 133,103 207,717

Less: Notes held by F.R. Banks 171,162 5,242 54,177 5,648 8,979 12,420 25,305 10,525 5,006 2,595 4,678 14,163 22,425

Federal Reserve notes, net 1,420,861 44,549 457,351 44,025 72,548 98,986 196,830 96,036 45,500 24,819 35,987 118,940 185,292

Reverse repurchase agreements11 338,376 8,312 192,559 9,188 10,134 20,679 18,939 13,483 4,271 2,495 4,709 12,044 41,564

Deposits 2,663,282 30,822 1,839,744 67,054 45,364 139,491 41,687 70,249 7,620 5,404 21,868 41,075 352,903

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 2,308,282 30,803 1,492,185 67,052 45,361 139,351 41,678 63,000 7,612 5,404 21,866 41,075 352,895

U.S. Treasury, General Account 298,044 0 298,044 0 0 0 0 0 0 0 0 0 0

Foreign official 5,196 2 5,169 2 3 9 2 1 0 0 0 1 6

Other12 51,760 17 44,345 0 0 131 7 7,248 8 0 1 0 2

Deferred availability cash items 684 0 0 0 0 0 370 0 0 314 0 0 0

Earnings remittances due to the U.S.

Treasury13 2,391 66 1,308 68 83 183 143 93 34 16 26 80 289

Other liabilities and accrued

dividends 4,903 145 2,436 182 185 465 309 245 133 132 118 202 353

Total liabilities 4,430,497 83,893 2,493,397 120,517 128,313 259,804 258,278 180,106 57,557 33,181 62,708 172,342 580,401

Capital

Capital paid in 30,108 1,305 9,853 1,612 2,276 6,579 1,664 1,221 315 128 292 380 4,484

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 4,470,605 85,640 2,506,549 122,679 131,351 268,613 260,497 181,595 57,975 33,351 63,101 172,848 586,406

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, July 6, 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 Jul 6, 2016

Federal Reserve notes outstanding 1,592,023

Less: Notes held by F.R. Banks not subject to collateralization 171,162

Federal Reserve notes to be collateralized 1,420,861

Collateral held against Federal Reserve notes 1,420,861

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,404,624

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,231,064

Less: Face value of securities under reverse repurchase agreements 311,289

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,919,776

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.