FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks February 1, 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

Jan 31, 2018 Jan 24, 2018 Feb 1, 2017

Wednesday

Jan 31, 2018

Reserve Bank credit 4,388,002 - 12,214 - 27,087 4,377,804

Securities held outright1 4,210,602 - 11,453 - 13,635 4,201,346

U.S. Treasury securities 2,445,467 - 1,542 - 17,969 2,436,211

Bills2 0 0 0 0

Notes and bonds, nominal2 2,318,485 - 1,816 - 23,486 2,307,591

Notes and bonds, inflation-indexed2 107,776 + 273 + 3,434 109,413

Inflation compensation3 19,206 + 1 + 2,083 19,206

Federal agency debt securities2 4,391 0 - 11,789 4,391

Mortgage-backed securities4 1,760,744 - 9,911 + 16,123 1,760,743

Unamortized premiums on securities held outright5 157,438 - 617 - 13,876 157,337

Unamortized discounts on securities held outright5 -14,067 + 26 + 993 -14,094

Repurchase agreements6 0 0 0 0

Loans 71 + 6 + 54 54

Primary credit 63 + 2 + 49 46

Secondary credit 0 0 0 0

Seasonal credit 8 + 4 + 5 8

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,714 - 1 + 7 1,715

Float -384 - 214 + 237 -1,038

Central bank liquidity swaps8 673 + 601 + 281 673

Other Federal Reserve assets9 31,955 - 562 - 1,149 31,811

Foreign currency denominated assets10 22,136 + 304 + 2,261 22,110

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 49,438 + 14 + 824 49,438

Total factors supplying reserve funds 4,475,817 - 11,896 - 24,002 4,465,593

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

Jan 31, 2018 Jan 24, 2018 Feb 1, 2017

Wednesday

Jan 31, 2018

Currency in circulation11 1,605,764 - 1,927 + 107,363 1,607,532

Reverse repurchase agreements12 266,656 - 167 - 105,061 310,476

Foreign official and international accounts 237,268 - 2,947 - 14,964 244,679

Others 29,388 + 2,779 - 90,097 65,797

Treasury cash holdings 259 + 10 + 40 267

Deposits with F.R. Banks, other than reserve balances 351,409 - 2,706 - 76,114 357,789

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 270,244 + 1,126 - 104,597 275,794

Foreign official 5,254 + 1 + 65 5,255

Other13 75,912 - 3,832 + 28,420 76,740

Other liabilities and capital14 48,099 + 208 + 1,264 47,153

Total factors, other than reserve balances,

absorbing reserve funds 2,272,187 - 4,582 - 72,506 2,323,217

Reserve balances with Federal Reserve Banks 2,203,630 - 7,314 + 48,504 2,142,376

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

Jan 31, 2018 Jan 24, 2018 Feb 1, 2017

Wednesday

Jan 31, 2018

Securities held in custody for foreign official and international

accounts 3,366,298 + 14,420 + 200,991 3,374,135

Marketable U.S. Treasury securities1 3,025,996 + 14,460 + 178,525 3,032,653

Federal agency debt and mortgage-backed securities2 261,216 - 121 + 5,181 262,406

Other securities3 79,086 + 81 + 17,285 79,076

Securities lent to dealers 23,421 + 1,365 + 8,118 26,909

Overnight facility4 23,421 + 1,365 + 8,118 26,909

U.S. Treasury securities 23,421 + 1,365 + 8,173 26,909

Federal agency debt securities 0 0 - 55 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, January 31, 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 54 0 0 0 0 ... 54

U.S. Treasury securities1

Holdings 16,563 97,821 297,078 1,081,309 322,166 621,274 2,436,211

Weekly changes - 11,284 + 17,783 - 20,155 - 2,592 + 5,450 + 1 - 10,798

Federal agency debt securities2

Holdings 0 0 1,982 62 0 2,347 4,391

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities3

Holdings 0 0 1 174 26,435 1,734,134 1,760,743

Weekly changes 0 0 0 - 5 - 467 - 9,839 - 10,311

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

Central bank liquidity swaps5 673 0 0 0 0 0 673

Reverse repurchase agreements4 310,476 0 ... ... ... ... 310,476

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 Jan 31, 2018

Mortgage-backed securities held outright1 1,760,743

Commitments to buy mortgage-backed securities2 19,955

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 5

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 Jan 31, 2018

Net portfolio holdings of Maiden Lane LLC1 1,715

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

Jan 31, 2018 Jan 24, 2018 Feb 1, 2017

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,945 + 22 - 6

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,344,643 - 21,708 - 35,742

Securities held outright1 4,201,346 - 21,108 - 22,896

U.S. Treasury securities 2,436,211 - 10,798 - 27,215

Bills2 0 0 0

Notes and bonds, nominal2 2,307,591 - 12,710 - 33,791

Notes and bonds, inflation-indexed2 109,413 + 1,910 + 4,483

Inflation compensation3 19,206 + 1 + 2,092

Federal agency debt securities2 4,391 0 - 11,789

Mortgage-backed securities4 1,760,743 - 10,311 + 16,107

Unamortized premiums on securities held outright5 157,337 - 588 - 13,866

Unamortized discounts on securities held outright5 -14,094 - 12 + 976

Repurchase agreements6 0 0 0

Loans 54 0 + 44

Net portfolio holdings of Maiden Lane LLC7 1,715 + 1 + 10

Items in process of collection (0) 91 + 10 + 9

Bank premises 2,210 + 3 + 13

Central bank liquidity swaps8 673 + 601 + 281

Foreign currency denominated assets9 22,110 + 39 + 2,114

Other assets10 29,601 - 1,060 - 1,334

Total assets (0) 4,419,225 - 22,092 - 34,656

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

Jan 31, 2018 Jan 24, 2018 Feb 1, 2017

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,560,302 + 877 + 106,580

Reverse repurchase agreements11 310,476 + 35,773 - 81,303

Deposits (0) 2,500,165 - 59,480 - 61,140

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,142,376 - 39,844 - 29,717

U.S. Treasury, General Account 275,794 - 169 - 63,435

Foreign official 5,255 + 1 - 80

Other12 (0) 76,740 - 19,468 + 32,092

Deferred availability cash items (0) 1,129 + 830 + 736

Other liabilities and accrued dividends13 5,666 - 170 - 560

Total liabilities (0) 4,377,738 - 22,169 - 35,688

Capital accounts

Capital paid in 31,487 + 77 + 1,032

Surplus 10,000 0 0

Other capital accounts 0 0 0

Total capital 41,487 + 77 + 1,032

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, January 31, 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 11,037 349 3,592 348 553 776 1,520 737 341 191 292 916 1,422

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

Coin 1,945 54 50 195 147 274 201 309 38 51 113 205 310

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,344,643 84,649 2,446,402 112,175 125,989 254,552 255,738 182,754 57,940 33,884 61,627 173,927 555,005

Securities held outright1 4,201,346 81,858 2,365,743 108,477 121,835 246,159 247,307 176,703 56,024 32,756 59,585 168,192 536,706

U.S. Treasury securities 2,436,211 47,466 1,371,811 62,902 70,648 142,739 143,404 102,464 32,486 18,994 34,551 97,529 311,217

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

Notes and bonds3 2,436,211 47,466 1,371,811 62,902 70,648 142,739 143,404 102,464 32,486 18,994 34,551 97,529 311,217

Federal agency debt securities2 4,391 86 2,473 113 127 257 258 185 59 34 62 176 561

Mortgage-backed securities4 1,760,743 34,306 991,460 45,462 51,060 103,163 103,644 74,055 23,479 13,728 24,971 70,488 224,928

Unamortized premiums on securities 

held outright5 157,337 3,066 88,595 4,062 4,563 9,218 9,261 6,617 2,098 1,227 2,231 6,299 20,099

Unamortized discounts on securities 

held outright5 -14,094 -275 -7,936 -364 -409 -826 -830 -593 -188 -110 -200 -564 -1,800

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

Loans 54 0 0 0 0 0 0 26 6 11 11 0 0

Net portfolio holdings of Maiden

Lane LLC7 1,715 0 1,715 0 0 0 0 0 0 0 0 0 0

Items in process of collection 91 0 0 0 0 0 91 0 0 0 0 0 0

Bank premises 2,210 113 453 73 121 197 203 203 109 87 236 221 192

Central bank liquidity swaps8 673 29 215 36 55 145 39 28 7 3 7 9 99

Foreign currency denominated

assets9 22,110 958 7,091 1,188 1,800 4,775 1,289 925 242 93 215 282 3,254

Other assets10 29,601 622 16,197 761 875 1,944 1,766 1,246 506 250 498 1,187 3,749

Interdistrict settlement account 0 - 77 + 12,993 - 7,382 - 9,989 + 1,360 + 9,359 + 49,337 - 1,855 + 1,982 + 3,168 - 8,562 - 50,335

Total assets 4,419,225 86,893 2,490,526 107,605 119,788 264,436 270,860 235,963 57,478 36,631 66,309 168,467 514,270

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, January 31, 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 1,753,925 57,204 587,494 53,995 83,593 119,007 243,997 115,470 52,396 31,005 47,765 140,549 221,451

Less: Notes held by F.R. Banks 193,623 7,180 45,336 7,373 10,804 16,328 27,136 13,586 6,279 3,788 6,298 19,774 29,739

Federal Reserve notes, net 1,560,302 50,024 542,157 46,621 72,789 102,679 216,861 101,884 46,118 27,216 41,466 120,775 191,712

Reverse repurchase agreements11 310,476 6,049 174,827 8,016 9,004 18,191 18,276 13,058 4,140 2,421 4,403 12,429 39,662

Deposits 2,500,165 28,890 1,757,811 50,416 34,441 134,024 32,896 118,943 6,479 5,613 19,871 34,490 276,291

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 2,142,376 28,883 1,457,471 50,414 34,438 133,759 32,887 61,800 6,469 5,612 19,869 34,489 276,284

U.S. Treasury, General Account 275,794 0 275,794 0 0 0 0 0 0 0 0 0 0

Foreign official 5,255 2 5,228 2 3 9 2 2 0 0 0 1 6

Other12 76,740 5 19,318 0 0 256 7 57,141 10 0 1 1 1

Deferred availability cash items 1,129 0 0 0 0 0 76 0 0 1,053 0 0 0

Earnings remittances due to the U.S.

Treasury13 1,264 12 845 16 25 39 81 30 15 7 28 53 112

Other liabilities and accrued

dividends 4,402 157 1,833 184 188 487 286 292 127 131 130 207 379

Total liabilities 4,377,738 85,132 2,477,473 105,253 116,447 255,420 268,475 234,207 56,879 36,441 65,898 167,955 508,156

Capital

Capital paid in 31,487 1,335 9,901 1,783 2,534 6,856 1,807 1,332 455 144 311 388 4,642

Surplus 10,000 426 3,152 568 807 2,160 578 424 144 46 99 124 1,472

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

Total liabilities and capital 4,419,225 86,893 2,490,526 107,605 119,788 264,436 270,860 235,963 57,478 36,631 66,309 168,467 514,270

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, January 31, 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 $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 Jan 31, 2018

Federal Reserve notes outstanding 1,753,925

Less: Notes held by F.R. Banks not subject to collateralization 193,623

Federal Reserve notes to be collateralized 1,560,302

Collateral held against Federal Reserve notes 1,560,302

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,544,065

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,201,346

Less: Face value of securities under reverse repurchase agreements 309,813

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,891,533

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.