FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks December 15, 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

Dec 14, 2016 Dec 7, 2016 Dec 16, 2015

Wednesday

Dec 14, 2016

Reserve Bank credit 4,417,371 + 7,913 - 37,109 4,432,481

Securities held outright1 4,228,318 + 5,322 - 21,882 4,242,440

U.S. Treasury securities 2,463,518 - 308 + 1,936 2,463,531

Bills2 0 0 0 0

Notes and bonds, nominal2 2,339,103 - 343 - 7,536 2,339,103

Notes and bonds, inflation-indexed2 106,697 0 + 8,163 106,697

Inflation compensation3 17,718 + 35 + 1,309 17,731

Federal agency debt securities2 18,493 0 - 14,451 18,493

Mortgage-backed securities4 1,746,307 + 5,630 - 9,367 1,760,415

Unamortized premiums on securities held outright5 174,354 - 212 - 16,279 174,478

Unamortized discounts on securities held outright5 -15,176 + 33 + 1,479 -15,165

Repurchase agreements6 0 - 8 0 0

Loans 30 - 7 - 41 50

Primary credit 6 - 8 0 26

Secondary credit 0 0 0 0

Seasonal credit 24 + 2 - 41 24

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,707 0 - 8 1,708

Float -361 + 35 - 318 -552

Central bank liquidity swaps8 1,476 + 147 + 1,338 1,476

Other Federal Reserve assets9 27,023 + 2,604 - 1,398 28,047

Foreign currency denominated assets10 19,690 - 202 - 12 19,759

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 48,489 + 14 + 936 48,489

Total factors supplying reserve funds 4,501,791 + 7,726 - 36,185 4,516,969

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

Dec 14, 2016 Dec 7, 2016 Dec 16, 2015

Wednesday

Dec 14, 2016

Currency in circulation11 1,497,464 + 2,906 + 84,828 1,498,565

Reverse repurchase agreements12 435,371 + 19,689 + 140,269 428,881

Foreign official and international accounts 243,791 - 93 + 39,897 259,318

Others 191,580 + 19,782 + 100,372 169,563

Treasury cash holdings 160 - 2 - 86 158

Deposits with F.R. Banks, other than reserve balances 382,687 - 9,983 + 156,134 419,049

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 324,525 - 18,830 + 128,182 325,271

Foreign official 5,213 + 46 - 108 5,179

Other13 52,949 + 8,801 + 28,060 88,599

Other liabilities and capital14 47,813 + 799 - 20,064 46,761

Total factors, other than reserve balances,

absorbing reserve funds 2,363,495 + 13,409 + 361,081 2,393,415

Reserve balances with Federal Reserve Banks 2,138,296 - 5,683 - 397,266 2,123,554

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

Dec 14, 2016 Dec 7, 2016 Dec 16, 2015

Wednesday

Dec 14, 2016

Securities held in custody for foreign official and international

accounts 3,152,785 + 13,847 - 157,460 3,158,656

Marketable U.S. Treasury securities1 2,827,428 + 13,995 - 164,056 2,833,313

Federal agency debt and mortgage-backed securities2 265,446 - 82 - 6,967 265,563

Other securities3 59,911 - 65 + 13,563 59,780

Securities lent to dealers 24,043 - 2,030 + 9,965 20,426

Overnight facility4 24,043 - 2,030 + 9,965 20,426

U.S. Treasury securities 24,019 - 2,028 + 10,078 20,402

Federal agency debt securities 25 - 2 - 112 24

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, December 14, 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 28 22 0 0 0 ... 50

U.S. Treasury securities1

Holdings 0 42,495 146,821 1,241,837 399,261 633,117 2,463,531

Weekly changes 0 + 1 + 1 + 5 + 6 + 21 + 35

Federal agency debt securities2

Holdings 2,313 2,851 8,938 2,044 0 2,347 18,493

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities3

Holdings 0 0 0 76 10,862 1,749,478 1,760,415

Weekly changes 0 0 0 0 0 + 19,738 + 19,738

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

Central bank liquidity swaps5 1,476 0 0 0 0 0 1,476

Reverse repurchase agreements4 428,881 0 ... ... ... ... 428,881

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 Dec 14, 2016

Mortgage-backed securities held outright1 1,760,415

Commitments to buy mortgage-backed securities2 34,467

Commitments to sell mortgage-backed securities2 20

Cash and cash equivalents3 3

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 Dec 14, 2016

Net portfolio holdings of Maiden Lane LLC1 1,708

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 September 30, 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

Dec 14, 2016 Dec 7, 2016 Dec 16, 2015

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,870 + 21 - 30

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,401,802 + 19,744 - 19,727

Securities held outright1 4,242,440 + 19,774 - 5,238

U.S. Treasury securities 2,463,531 + 35 + 1,953

Bills2 0 0 0

Notes and bonds, nominal2 2,339,103 0 - 7,536

Notes and bonds, inflation-indexed2 106,697 0 + 8,163

Inflation compensation3 17,731 + 35 + 1,326

Federal agency debt securities2 18,493 0 - 14,451

Mortgage-backed securities4 1,760,415 + 19,738 + 7,258

Unamortized premiums on securities held outright5 174,478 + 28 - 15,940

Unamortized discounts on securities held outright5 -15,165 + 32 + 1,476

Repurchase agreements6 0 - 59 0

Loans 50 - 29 - 24

Net portfolio holdings of Maiden Lane LLC7 1,708 + 1 - 8

Items in process of collection (0) 74 - 3 - 225

Bank premises 2,200 + 1 - 32

Central bank liquidity swaps8 1,476 + 147 + 1,338

Foreign currency denominated assets9 19,759 - 223 + 142

Other assets10 25,848 + 2,667 - 77

Total assets (0) 4,470,973 + 22,355 - 18,620

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

Dec 14, 2016 Dec 7, 2016 Dec 16, 2015

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,452,100 + 1,193 + 83,115

Reverse repurchase agreements11 428,881 + 5,333 + 122,163

Deposits (0) 2,542,605 + 16,046 - 204,886

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,123,555 - 10,047 - 336,498

U.S. Treasury, General Account 325,271 - 18,761 + 59,084

Foreign official 5,179 + 12 - 52

Other12 (0) 88,599 + 44,841 + 72,579

Deferred availability cash items (0) 626 + 162 + 293

Other liabilities and accrued dividends13 6,343 - 398 - 1,003

Total liabilities (0) 4,430,555 + 22,336 - 319

Capital accounts

Capital paid in 30,418 + 19 + 1,059

Surplus 10,000 0 - 19,359

Other capital accounts 0 0 0

Total capital 40,418 + 19 - 18,301

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, 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, December 14, 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 1,870 45 68 161 135 307 183 278 29 51 113 189 309

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,401,802 108,133 2,504,900 119,517 131,825 269,007 246,362 175,394 55,556 32,460 61,268 156,679 540,700

Securities held outright1 4,242,440 104,217 2,414,233 115,192 127,054 259,271 237,446 169,040 53,543 31,278 59,044 151,009 521,115

U.S. Treasury securities 2,463,531 60,517 1,401,915 66,890 73,779 150,556 137,882 98,159 31,092 18,163 34,286 87,689 302,605

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

Notes and bonds3 2,463,531 60,517 1,401,915 66,890 73,779 150,556 137,882 98,159 31,092 18,163 34,286 87,689 302,605

Federal agency debt securities2 18,493 454 10,524 502 554 1,130 1,035 737 233 136 257 658 2,272

Mortgage-backed securities4 1,760,415 43,245 1,001,794 47,799 52,721 107,586 98,529 70,144 22,218 12,979 24,500 62,662 216,239

Unamortized premiums on securities 

held outright5 174,478 4,286 99,289 4,737 5,225 10,663 9,765 6,952 2,202 1,286 2,428 6,210 21,432

Unamortized discounts on securities 

held outright5 -15,165 -373 -8,630 -412 -454 -927 -849 -604 -191 -112 -211 -540 -1,863

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

Loans 50 3 8 0 0 0 0 7 2 8 7 0 16

Net portfolio holdings of Maiden

Lane LLC7 1,708 0 1,708 0 0 0 0 0 0 0 0 0 0

Items in process of collection 74 0 0 0 0 0 73 0 0 0 0 0 0

Bank premises 2,200 118 432 72 105 204 206 200 114 90 239 223 196

Central bank liquidity swaps8 1,476 65 487 81 112 329 82 40 15 6 15 19 225

Foreign currency denominated

assets9 19,759 873 6,521 1,087 1,505 4,406 1,097 530 203 84 197 250 3,006

Other assets10 25,848 665 14,133 701 770 1,804 1,465 1,033 526 210 405 977 3,159

Interdistrict settlement account 0 - 15,192 - 60,325 - 12,802 + 787 - 4,377 + 15,976 + 13,085 + 3,369 + 3,870 + 1,961 + 21,268 + 32,380

Total assets 4,470,973 95,258 2,473,329 109,387 136,062 272,853 267,640 191,736 60,322 37,055 64,647 180,763 581,920

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, December 14, 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 1,640,395 52,252 535,811 52,038 80,351 117,099 225,061 109,213 49,634 28,275 44,488 136,169 210,004

Less: Notes held by F.R. Banks 188,295 5,847 54,022 6,685 9,266 13,939 27,264 11,750 5,523 3,214 6,014 16,894 27,876

Federal Reserve notes, net 1,452,100 46,405 481,789 45,352 71,084 103,161 197,797 97,463 44,111 25,061 38,474 119,276 182,128

Reverse repurchase agreements11 428,881 10,536 244,062 11,645 12,844 26,210 24,004 17,089 5,413 3,162 5,969 15,266 52,681

Deposits 2,542,605 36,365 1,731,363 49,970 48,653 134,082 43,008 75,339 10,201 7,975 19,655 45,434 340,560

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 2,123,555 36,360 1,327,533 49,968 48,650 133,890 42,999 60,368 10,179 7,975 19,654 45,433 340,546

U.S. Treasury, General Account 325,271 0 325,271 0 0 0 0 0 0 0 0 0 0

Foreign official 5,179 2 5,152 2 3 9 2 1 0 0 0 1 6

Other12 88,599 3 73,406 0 0 182 7 14,970 22 0 1 0 8

Deferred availability cash items 626 0 0 0 0 0 92 0 0 534 0 0 0

Earnings remittances due to the U.S.

Treasury13 1,715 35 1,070 39 37 57 95 76 19 11 20 63 195

Other liabilities and accrued

dividends 4,628 156 1,999 193 203 538 314 249 143 141 133 208 351

Total liabilities 4,430,555 93,496 2,460,283 107,200 132,821 264,048 265,309 190,215 59,886 36,883 64,251 180,247 575,915

Capital

Capital paid in 30,418 1,320 9,748 1,637 2,480 6,575 1,776 1,253 333 129 296 389 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 4,470,973 95,258 2,473,329 109,387 136,062 272,853 267,640 191,736 60,322 37,055 64,647 180,763 581,920

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, December 14, 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 Dec 14, 2016

Federal Reserve notes outstanding 1,640,395

Less: Notes held by F.R. Banks not subject to collateralization 188,295

Federal Reserve notes to be collateralized 1,452,100

Collateral held against Federal Reserve notes 1,452,100

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,435,863

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,242,440

Less: Face value of securities under reverse repurchase agreements 416,371

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,826,069

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.