FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks July 14, 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 13, 2016 Jul 6, 2016 Jul 15, 2015

Wednesday

Jul 13, 2016

Reserve Bank credit 4,431,616 + 1,849 - 17,451 4,432,340

Securities held outright1 4,231,137 + 107 - 2,702 4,231,178

U.S. Treasury securities 2,462,499 + 106 + 1,309 2,462,541

Bills2 0 0 0 0

Notes and bonds, nominal2 2,338,557 0 - 8,084 2,338,557

Notes and bonds, inflation-indexed2 106,669 0 + 8,135 106,669

Inflation compensation3 17,274 + 107 + 1,259 17,316

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

Mortgage-backed securities4 1,743,541 0 + 6,787 1,743,541

Unamortized premiums on securities held outright5 180,263 - 311 - 17,431 180,146

Unamortized discounts on securities held outright5 -15,905 + 29 + 1,560 -15,893

Repurchase agreements6 0 0 0 0

Loans 184 - 38 + 14 289

Primary credit 26 - 62 + 24 123

Secondary credit 0 0 0 0

Seasonal credit 157 + 23 - 11 166

Other credit extensions 0 0 0 0

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

Float -292 + 158 + 175 -412

Central bank liquidity swaps8 2,399 - 595 + 2,091 2,220

Other Federal Reserve assets9 32,117 + 2,498 - 1,173 33,099

Foreign currency denominated assets10 21,245 - 49 + 1,556 21,118

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 47,955 + 14 + 903 47,955

Total factors supplying reserve funds 4,517,056 + 1,813 - 14,993 4,517,653

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 13, 2016 Jul 6, 2016 Jul 15, 2015

Wednesday

Jul 13, 2016

Currency in circulation11 1,464,902 - 998 + 94,528 1,464,626

Reverse repurchase agreements12 315,821 - 74,633 + 45,765 299,476

Foreign official and international accounts 251,274 - 6,728 + 97,406 251,119

Others 64,547 - 67,905 - 51,641 48,357

Treasury cash holdings 70 - 1 - 11 60

Deposits with F.R. Banks, other than reserve balances 377,413 + 19,829 + 172,926 379,353

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 316,064 + 12,767 + 139,653 307,707

Foreign official 5,196 - 29 - 47 5,196

Other13 56,153 + 7,090 + 33,321 66,450

Other liabilities and capital14 48,084 + 261 - 18,831 46,838

Total factors, other than reserve balances,

absorbing reserve funds 2,206,291 - 55,542 + 294,379 2,190,352

Reserve balances with Federal Reserve Banks 2,310,766 + 57,356 - 309,371 2,327,301

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 13, 2016 Jul 6, 2016 Jul 15, 2015

Wednesday

Jul 13, 2016

Securities held in custody for foreign official and international

accounts 3,222,420 - 7,085 - 122,185 3,221,171

Marketable U.S. Treasury securities1 2,905,986 - 11,192 - 94,973 2,903,994

Federal agency debt and mortgage-backed securities2 260,804 - 1,116 - 38,061 260,807

Other securities3 55,631 + 5,224 + 10,850 56,371

Securities lent to dealers 24,187 - 2,726 + 14,501 24,876

Overnight facility4 24,187 - 2,726 + 14,501 24,876

U.S. Treasury securities 24,171 - 2,720 + 14,565 24,860

Federal agency debt securities 16 - 6 - 64 16

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 13, 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 175 114 0 0 0 ... 289

U.S. Treasury securities1

Holdings 3,647 27,346 146,458 1,195,901 451,872 637,317 2,462,541

Weekly changes + 3 0 + 3 + 18 + 21 + 70 + 114

Federal agency debt securities2

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

Weekly changes 0 0 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 0 0 0 0

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

Central bank liquidity swaps5 2,220 0 0 0 0 0 2,220

Reverse repurchase agreements4 299,476 0 ... ... ... ... 299,476

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 Jul 13, 2016

Mortgage-backed securities held outright1 1,743,541

Commitments to buy mortgage-backed securities2 44,249

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 4

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 13, 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 13, 2016 Jul 6, 2016 Jul 15, 2015

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,868 + 27 - 14

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,395,720 - 33 - 25,723

Securities held outright1 4,231,178 + 114 - 9,763

U.S. Treasury securities 2,462,541 + 114 + 1,303

Bills2 0 0 0

Notes and bonds, nominal2 2,338,557 0 - 8,084

Notes and bonds, inflation-indexed2 106,669 0 + 8,135

Inflation compensation3 17,316 + 114 + 1,253

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

Mortgage-backed securities4 1,743,541 0 - 266

Unamortized premiums on securities held outright5 180,146 - 320 - 17,631

Unamortized discounts on securities held outright5 -15,893 + 31 + 1,566

Repurchase agreements6 0 0 0

Loans 289 + 142 + 104

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

Items in process of collection (0) 229 - 53 + 152

Bank premises 2,212 0 - 29

Central bank liquidity swaps8 2,220 - 774 + 1,912

Foreign currency denominated assets9 21,118 - 226 + 1,604

Other assets10 30,886 + 2,657 + 682

Total assets (0) 4,472,202 + 1,597 - 21,403

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 13, 2016 Jul 6, 2016 Jul 15, 2015

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,418,595 - 2,266 + 92,896

Reverse repurchase agreements11 299,476 - 38,900 + 43,452

Deposits (0) 2,706,654 + 43,372 - 139,410

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,327,301 + 19,019 - 327,844

U.S. Treasury, General Account 307,707 + 9,663 + 132,001

Foreign official 5,196 0 - 48

Other12 (0) 66,450 + 14,690 + 56,482

Deferred availability cash items (0) 640 - 44 + 303

Other liabilities and accrued dividends13 6,731 - 563 - 452

Total liabilities (0) 4,432,095 + 1,598 - 3,212

Capital accounts

Capital paid in 30,107 - 1 + 958

Surplus 10,000 0 - 19,149

Other capital accounts 0 0 0

Total capital 40,107 - 1 - 18,191

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 13, 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 1,868 45 65 149 134 297 186 273 28 54 133 186 318

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,395,720 107,975 2,501,295 119,347 131,636 268,621 246,036 175,155 55,528 32,478 61,181 156,459 540,009

Securities held outright1 4,231,178 103,940 2,407,824 114,886 126,717 258,583 236,816 168,591 53,401 31,195 58,887 150,608 519,732

U.S. Treasury securities 2,462,541 60,493 1,401,351 66,863 73,749 150,495 137,826 98,120 31,079 18,155 34,272 87,654 302,483

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

Notes and bonds3 2,462,541 60,493 1,401,351 66,863 73,749 150,495 137,826 98,120 31,079 18,155 34,272 87,654 302,483

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 180,146 4,425 102,515 4,891 5,395 11,009 10,083 7,178 2,274 1,328 2,507 6,412 22,128

Unamortized discounts on securities 

held outright5 -15,893 -390 -9,044 -432 -476 -971 -890 -633 -201 -117 -221 -566 -1,952

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

Loans 289 0 0 1 0 0 27 19 54 73 8 5 101

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 229 0 0 0 0 0 228 0 0 0 0 0 0

Bank premises 2,212 120 429 73 105 207 208 202 115 90 241 225 197

Central bank liquidity swaps8 2,220 98 732 122 169 495 123 60 23 9 22 28 338

Foreign currency denominated

assets9 21,118 933 6,969 1,162 1,608 4,709 1,172 566 217 90 211 268 3,212

Other assets10 30,886 800 17,099 842 930 2,063 1,754 1,247 468 250 484 1,141 3,808

Interdistrict settlement account 0 - 30,018 + 28,223 - 23,648 - 3,914 - 16,922 + 5,917 - 1,530 + 666 - 173 - 2,251 + 11,002 + 32,648

Total assets 4,472,202 80,504 2,561,932 98,615 131,492 260,643 257,820 177,149 57,554 33,083 60,470 170,466 582,475

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 13, 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 1,594,409 49,826 513,242 49,674 81,575 111,760 222,203 106,466 50,464 27,602 41,040 133,054 207,503

Less: Notes held by F.R. Banks 175,815 5,446 54,979 5,814 8,921 12,804 25,640 11,036 5,115 2,706 4,804 14,720 23,829

Federal Reserve notes, net 1,418,595 44,379 458,264 43,860 72,654 98,956 196,563 95,430 45,349 24,896 36,236 118,334 183,675

Reverse repurchase agreements11 299,476 7,357 170,422 8,131 8,969 18,302 16,761 11,933 3,780 2,208 4,168 10,660 36,786

Deposits 2,706,654 26,830 1,916,540 44,243 46,605 134,033 41,606 67,978 7,851 5,280 19,526 40,694 355,468

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 2,327,301 26,821 1,544,306 44,240 46,602 133,913 41,597 61,023 7,843 5,280 19,524 40,692 355,460

U.S. Treasury, General Account 307,707 0 307,707 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 66,450 7 59,358 1 0 111 7 6,954 8 0 1 1 2

Deferred availability cash items 640 0 0 0 0 0 258 0 0 382 0 0 0

Earnings remittances due to the U.S.

Treasury13 1,843 41 1,125 40 43 67 105 80 22 13 29 70 208

Other liabilities and accrued

dividends 4,887 151 2,429 180 183 476 308 239 134 133 119 201 334

Total liabilities 4,432,095 78,757 2,548,780 96,455 128,454 251,834 255,601 175,660 57,136 32,912 60,077 169,959 576,471

Capital

Capital paid in 30,107 1,305 9,853 1,611 2,276 6,579 1,664 1,221 316 128 292 380 4,483

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 4,472,202 80,504 2,561,932 98,615 131,492 260,643 257,820 177,149 57,554 33,083 60,470 170,466 582,475

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 13, 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 13, 2016

Federal Reserve notes outstanding 1,594,409

Less: Notes held by F.R. Banks not subject to collateralization 175,815

Federal Reserve notes to be collateralized 1,418,595

Collateral held against Federal Reserve notes 1,418,595

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,402,358

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,231,178

Less: Face value of securities under reverse repurchase agreements 274,481

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,956,697

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.