FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks February 16, 2017

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

Feb 15, 2017 Feb 8, 2017 Feb 17, 2016

Wednesday

Feb 15, 2017

Reserve Bank credit 4,424,493 + 7,769 - 34,581 4,416,266

Securities held outright1 4,232,038 + 7,786 - 19,235 4,237,975

U.S. Treasury securities 2,463,442 + 10 + 2,333 2,463,446

Bills2 0 0 0 0

Notes and bonds, nominal2 2,341,382 0 - 5,257 2,341,382

Notes and bonds, inflation-indexed2 104,930 0 + 6,396 104,930

Inflation compensation3 17,130 + 10 + 1,194 17,133

Federal agency debt securities2 15,601 - 579 - 15,717 14,829

Mortgage-backed securities4 1,752,994 + 8,354 - 5,852 1,759,700

Unamortized premiums on securities held outright5 170,940 - 79 - 16,692 170,972

Unamortized discounts on securities held outright5 -15,037 + 14 + 1,324 -15,061

Repurchase agreements6 0 0 0 0

Loans 11 - 6 - 40 15

Primary credit 6 - 8 - 34 11

Secondary credit 0 0 0 0

Seasonal credit 5 + 2 - 5 4

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,705 0 - 17 1,705

Float -317 - 36 - 233 -342

Central bank liquidity swaps8 236 - 29 + 138 236

Other Federal Reserve assets9 34,917 + 120 + 174 20,765

Foreign currency denominated assets10 19,830 - 253 - 701 19,756

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 48,620 + 14 + 986 48,620

Total factors supplying reserve funds 4,509,183 + 7,529 - 34,297 4,500,882

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

Feb 15, 2017 Feb 8, 2017 Feb 17, 2016

Wednesday

Feb 15, 2017

Currency in circulation11 1,506,719 + 4,440 + 82,414 1,508,844

Reverse repurchase agreements12 338,437 - 36,665 + 48,704 363,909

Foreign official and international accounts 253,062 - 1,547 + 2,221 258,786

Others 85,375 - 35,119 + 46,484 105,123

Treasury cash holdings 231 - 1 - 11 239

Deposits with F.R. Banks, other than reserve balances 368,366 + 12,551 + 65,580 326,750

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 309,919 + 4,184 + 43,159 274,178

Foreign official 5,174 + 8 - 69 5,182

Other13 53,272 + 8,359 + 22,488 47,391

Other liabilities and capital14 48,518 + 1,013 + 465 46,870

Total factors, other than reserve balances,

absorbing reserve funds 2,262,271 - 18,662 + 197,152 2,246,612

Reserve balances with Federal Reserve Banks 2,246,912 + 26,191 - 231,449 2,254,271

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

Feb 15, 2017 Feb 8, 2017 Feb 17, 2016

Wednesday

Feb 15, 2017

Securities held in custody for foreign official and international

accounts 3,169,118 + 21 - 86,101 3,180,908

Marketable U.S. Treasury securities1 2,847,470 - 3,544 - 95,638 2,854,818

Federal agency debt and mortgage-backed securities2 259,210 + 3,433 - 4,441 263,448

Other securities3 62,438 + 132 + 13,979 62,641

Securities lent to dealers 16,929 + 1,152 + 3,849 18,166

Overnight facility4 16,929 + 1,152 + 3,849 18,166

U.S. Treasury securities 16,881 + 1,152 + 3,852 18,117

Federal agency debt securities 48 0 - 3 49

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, February 15, 2017

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 15 0 0 0 0 ... 15

U.S. Treasury securities1

Holdings 13,175 48,558 163,208 1,240,508 363,532 634,466 2,463,446

Weekly changes + 6,016 + 7,309 - 3,919 + 30,341 - 44,129 + 4,393 + 10

Federal agency debt securities2

Holdings 1,500 2,995 5,943 2,044 0 2,347 14,829

Weekly changes - 1,351 + 1,495 - 1,495 0 0 0 - 1,351

Mortgage-backed securities3

Holdings 0 0 0 132 11,263 1,748,306 1,759,700

Weekly changes 0 0 0 - 2 - 34 + 15,095 + 15,058

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

Central bank liquidity swaps5 236 0 0 0 0 0 236

Reverse repurchase agreements4 363,909 0 ... ... ... ... 363,909

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 Feb 15, 2017

Mortgage-backed securities held outright1 1,759,700

Commitments to buy mortgage-backed securities2 33,052

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 49

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 Feb 15, 2017

Net portfolio holdings of Maiden Lane LLC1 1,705

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 December 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

Feb 15, 2017 Feb 8, 2017 Feb 17, 2016

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,970 + 9 - 25

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,393,901 + 13,742 - 26,444

Securities held outright1 4,237,975 + 13,717 - 11,194

U.S. Treasury securities 2,463,446 + 10 + 2,366

Bills2 0 0 0

Notes and bonds, nominal2 2,341,382 0 - 5,257

Notes and bonds, inflation-indexed2 104,930 0 + 6,396

Inflation compensation3 17,133 + 9 + 1,226

Federal agency debt securities2 14,829 - 1,351 - 16,489

Mortgage-backed securities4 1,759,700 + 15,058 + 2,929

Unamortized premiums on securities held outright5 170,972 + 41 - 16,496

Unamortized discounts on securities held outright5 -15,061 - 21 + 1,304

Repurchase agreements6 0 0 0

Loans 15 + 4 - 58

Net portfolio holdings of Maiden Lane LLC7 1,705 0 - 16

Items in process of collection (0) 106 + 25 - 85

Bank premises 2,199 0 - 32

Central bank liquidity swaps8 236 - 29 + 138

Foreign currency denominated assets9 19,756 - 300 - 604

Other assets10 18,566 - 15,007 - 1,884

Total assets (0) 4,454,676 - 1,560 - 28,953

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

Feb 15, 2017 Feb 8, 2017 Feb 17, 2016

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,462,429 + 3,529 + 79,784

Reverse repurchase agreements11 363,909 - 10,441 + 65,163

Deposits (0) 2,581,021 + 5,936 - 174,795

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,254,271 + 16,811 - 235,750

U.S. Treasury, General Account 274,178 - 12,857 + 31,828

Foreign official 5,182 + 17 - 56

Other12 (0) 47,391 + 1,967 + 29,184

Deferred availability cash items (0) 447 + 63 + 133

Other liabilities and accrued dividends13 6,365 - 651 - 225

Total liabilities (0) 4,414,171 - 1,563 - 29,939

Capital accounts

Capital paid in 30,505 + 2 + 986

Surplus 10,000 0 0

Other capital accounts 0 0 0

Total capital 40,505 + 2 + 986

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, February 15, 2017

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 1,970 55 76 165 139 308 201 292 34 54 122 205 319

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,393,901 107,937 2,500,416 119,304 131,589 268,527 245,922 175,078 55,457 32,394 61,151 156,399 539,727

Securities held outright1 4,237,975 104,107 2,411,692 115,070 126,920 258,998 237,196 168,862 53,487 31,245 58,982 150,850 520,567

U.S. Treasury securities 2,463,446 60,515 1,401,866 66,888 73,776 150,550 137,877 98,156 31,091 18,162 34,285 87,686 302,595

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

Notes and bonds3 2,463,446 60,515 1,401,866 66,888 73,776 150,550 137,877 98,156 31,091 18,162 34,285 87,686 302,595

Federal agency debt securities2 14,829 364 8,439 403 444 906 830 591 187 109 206 528 1,822

Mortgage-backed securities4 1,759,700 43,227 1,001,388 47,780 52,700 107,542 98,489 70,115 22,209 12,973 24,490 62,636 216,151

Unamortized premiums on securities 

held outright5 170,972 4,200 97,294 4,642 5,120 10,449 9,569 6,812 2,158 1,261 2,379 6,086 21,001

Unamortized discounts on securities 

held outright5 -15,061 -370 -8,571 -409 -451 -920 -843 -600 -190 -111 -210 -536 -1,850

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

Loans 15 0 0 0 0 0 0 4 2 0 0 0 9

Net portfolio holdings of Maiden

Lane LLC7 1,705 0 1,705 0 0 0 0 0 0 0 0 0 0

Items in process of collection 106 0 0 0 0 0 105 0 0 1 0 0 0

Bank premises 2,199 118 436 72 108 203 205 200 113 89 238 222 196

Central bank liquidity swaps8 236 10 78 13 18 53 13 6 2 1 2 3 36

Foreign currency denominated

assets9 19,756 873 6,519 1,087 1,505 4,406 1,097 529 203 84 197 250 3,005

Other assets10 18,566 498 10,052 514 564 1,316 1,051 739 334 159 320 747 2,274

Interdistrict settlement account 0 - 19,150 - 21,781 - 2,635 - 10,367 - 12,138 + 12,297 + 8,730 + 4,823 + 2,350 + 4,777 + 21,756 + 11,338

Total assets 4,454,676 90,892 2,502,906 119,088 124,378 263,846 263,087 186,752 61,475 35,415 67,257 180,740 558,839

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, February 15, 2017 (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 1,649,623 54,666 533,306 52,771 81,622 118,944 224,374 111,619 49,196 28,970 46,260 137,288 210,605

Less: Notes held by F.R. Banks 187,194 6,153 50,434 6,811 9,943 14,304 26,224 12,618 5,331 3,518 5,907 16,860 29,091

Federal Reserve notes, net 1,462,429 48,513 482,873 45,960 71,679 104,640 198,150 99,001 43,866 25,452 40,353 120,428 181,513

Reverse repurchase agreements11 363,909 8,940 207,089 9,881 10,898 22,240 20,368 14,500 4,593 2,683 5,065 12,953 44,700

Deposits 2,581,021 31,496 1,796,620 60,857 38,294 127,717 41,743 71,247 12,420 6,601 21,303 46,573 326,150

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 2,254,271 31,488 1,485,859 60,855 38,291 127,496 41,734 55,530 12,402 6,601 21,301 46,572 326,142

U.S. Treasury, General Account 274,178 0 274,178 0 0 0 0 0 0 0 0 0 0

Foreign official 5,182 2 5,155 2 3 9 2 1 0 0 0 1 6

Other12 47,391 6 31,428 0 0 213 7 15,715 18 0 1 0 2

Deferred availability cash items 447 0 0 0 0 0 77 0 0 371 0 0 0

Earnings remittances due to the U.S.

Treasury13 1,150 18 776 15 18 10 71 33 11 10 11 53 125

Other liabilities and accrued

dividends 5,215 172 2,557 198 189 490 323 278 139 127 131 213 399

Total liabilities 4,414,171 89,138 2,489,914 116,912 121,079 255,096 260,732 185,058 61,028 35,244 66,862 180,221 552,888

Capital

Capital paid in 30,505 1,320 9,790 1,639 2,485 6,589 1,771 1,275 338 129 298 392 4,479

Surplus 10,000 434 3,202 538 815 2,161 583 419 109 42 97 128 1,473

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

Total liabilities and capital 4,454,676 90,892 2,502,906 119,088 124,378 263,846 263,087 186,752 61,475 35,415 67,257 180,740 558,839

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, February 15, 2017 (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 Feb 15, 2017

Federal Reserve notes outstanding 1,649,623

Less: Notes held by F.R. Banks not subject to collateralization 187,194

Federal Reserve notes to be collateralized 1,462,429

Collateral held against Federal Reserve notes 1,462,429

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,446,192

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,237,975

Less: Face value of securities under reverse repurchase agreements 355,624

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,882,351

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.