FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks October 20, 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

Oct 19, 2016 Oct 12, 2016 Oct 21, 2015

Wednesday

Oct 19, 2016

Reserve Bank credit 4,434,675 + 17,254 - 22,703 4,427,721

Securities held outright1 4,239,055 + 18,197 - 7,095 4,232,747

U.S. Treasury securities 2,463,512 + 23 + 1,662 2,463,520

Bills2 0 0 0 0

Notes and bonds, nominal2 2,340,976 0 - 5,663 2,340,976

Notes and bonds, inflation-indexed2 105,224 0 + 6,690 105,224

Inflation compensation3 17,312 + 23 + 635 17,320

Federal agency debt securities2 19,921 - 571 - 14,225 18,493

Mortgage-backed securities4 1,755,623 + 18,746 + 5,470 1,750,733

Unamortized premiums on securities held outright5 176,997 + 474 - 16,085 176,735

Unamortized discounts on securities held outright5 -15,394 + 32 + 1,527 -15,379

Repurchase agreements6 0 0 0 0

Loans 116 - 54 - 78 94

Primary credit 6 0 0 1

Secondary credit 0 0 0 0

Seasonal credit 110 - 55 - 79 92

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,709 + 1 + 4 1,709

Float -379 - 26 - 654 -427

Central bank liquidity swaps8 240 - 2,980 + 100 180

Other Federal Reserve assets9 32,331 + 1,610 - 422 32,063

Foreign currency denominated assets10 21,007 - 158 + 775 21,023

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 48,253 + 14 + 849 48,253

Total factors supplying reserve funds 4,520,176 + 17,110 - 21,079 4,513,238

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

Oct 19, 2016 Oct 12, 2016 Oct 21, 2015

Wednesday

Oct 19, 2016

Currency in circulation11 1,477,007 - 1,143 + 85,396 1,476,873

Reverse repurchase agreements12 393,622 - 55,828 + 88,967 431,168

Foreign official and international accounts 240,446 + 9,867 + 65,057 239,358

Others 153,176 - 65,695 + 23,911 191,810

Treasury cash holdings 172 + 16 - 21 176

Deposits with F.R. Banks, other than reserve balances 454,182 + 56,416 + 369,382 452,596

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 391,988 + 35,803 + 331,585 409,693

Foreign official 5,165 - 7 - 285 5,165

Other13 57,029 + 20,621 + 38,082 37,737

Other liabilities and capital14 47,977 + 199 - 18,712 46,615

Total factors, other than reserve balances,

absorbing reserve funds 2,372,960 - 340 + 525,012 2,407,428

Reserve balances with Federal Reserve Banks 2,147,216 + 17,450 - 546,090 2,105,811

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

Oct 19, 2016 Oct 12, 2016 Oct 21, 2015

Wednesday

Oct 19, 2016

Securities held in custody for foreign official and international

accounts 3,122,437 - 23,695 - 179,015 3,116,761

Marketable U.S. Treasury securities1 2,801,337 - 23,533 - 175,551 2,796,793

Federal agency debt and mortgage-backed securities2 261,354 + 107 - 17,295 260,729

Other securities3 59,745 - 270 + 13,830 59,238

Securities lent to dealers 23,049 - 3,987 + 7,273 21,348

Overnight facility4 23,049 - 3,987 + 7,273 21,348

U.S. Treasury securities 23,019 - 3,975 + 7,289 21,324

Federal agency debt securities 30 - 12 - 17 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, October 19, 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 92 1 0 0 0 ... 94

U.S. Treasury securities1

Holdings 6,529 38,905 146,892 1,202,720 433,461 635,014 2,463,520

Weekly changes + 6,529 - 3,436 - 3,092 + 4 + 4 + 15 + 23

Federal agency debt securities2

Holdings 0 2,313 9,423 4,410 0 2,347 18,493

Weekly changes - 1,999 0 0 0 0 0 - 1,999

Mortgage-backed securities3

Holdings 0 0 0 1,590 11,747 1,737,397 1,750,733

Weekly changes 0 0 0 - 7 + 455 + 13,409 + 13,856

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

Central bank liquidity swaps5 180 0 0 0 0 0 180

Reverse repurchase agreements4 431,168 0 ... ... ... ... 431,168

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 Oct 19, 2016

Mortgage-backed securities held outright1 1,750,733

Commitments to buy mortgage-backed securities2 37,854

Commitments to sell mortgage-backed securities2 5

Cash and cash equivalents3 0

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 Oct 19, 2016

Net portfolio holdings of Maiden Lane LLC1 1,709

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 June 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

Oct 19, 2016 Oct 12, 2016 Oct 21, 2015

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,898 - 3 + 5

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,394,197 + 12,164 - 33,405

Securities held outright1 4,232,747 + 11,881 - 18,433

U.S. Treasury securities 2,463,520 + 23 + 1,683

Bills2 0 0 0

Notes and bonds, nominal2 2,340,976 0 - 5,663

Notes and bonds, inflation-indexed2 105,224 0 + 6,690

Inflation compensation3 17,320 + 23 + 657

Federal agency debt securities2 18,493 - 1,999 - 15,653

Mortgage-backed securities4 1,750,733 + 13,856 - 4,464

Unamortized premiums on securities held outright5 176,735 + 301 - 16,408

Unamortized discounts on securities held outright5 -15,379 + 38 + 1,528

Repurchase agreements6 0 0 0

Loans 94 - 56 - 93

Net portfolio holdings of Maiden Lane LLC7 1,709 0 + 4

Items in process of collection (0) 76 - 28 - 492

Bank premises 2,203 + 2 - 32

Central bank liquidity swaps8 180 - 3,040 + 40

Foreign currency denominated assets9 21,023 + 49 + 838

Other assets10 29,860 + 540 - 947

Total assets (0) 4,467,382 + 9,684 - 33,990

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

Oct 19, 2016 Oct 12, 2016 Oct 21, 2015

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,430,689 - 1,977 + 83,679

Reverse repurchase agreements11 431,168 + 8,068 + 99,869

Deposits (0) 2,558,407 + 3,931 - 198,312

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,105,811 - 56,275 - 569,777

U.S. Treasury, General Account 409,693 + 66,818 + 352,607

Foreign official 5,165 0 - 93

Other12 (0) 37,737 - 6,613 + 18,951

Deferred availability cash items (0) 503 - 80 + 137

Other liabilities and accrued dividends13 6,436 - 262 - 944

Total liabilities (0) 4,427,203 + 9,681 - 15,571

Capital accounts

Capital paid in 30,179 + 3 + 880

Surplus 10,000 0 - 19,299

Other capital accounts 0 0 0

Total capital 40,179 + 3 - 18,419

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, October 19, 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 1,898 48 74 160 132 299 180 283 32 54 127 190 319

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,394,197 107,943 2,500,539 119,310 131,596 268,540 245,934 175,095 55,475 32,439 61,168 156,414 539,745

Securities held outright1 4,232,747 103,978 2,408,717 114,928 126,764 258,679 236,903 168,653 53,421 31,206 58,909 150,664 519,925

U.S. Treasury securities 2,463,520 60,517 1,401,908 66,890 73,778 150,555 137,881 98,159 31,092 18,162 34,286 87,688 302,604

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

Notes and bonds3 2,463,520 60,517 1,401,908 66,890 73,778 150,555 137,881 98,159 31,092 18,162 34,286 87,688 302,604

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 1,750,733 43,007 996,285 47,536 52,432 106,994 97,987 69,758 22,096 12,907 24,366 62,317 215,049

Unamortized premiums on securities 

held outright5 176,735 4,342 100,574 4,799 5,293 10,801 9,892 7,042 2,231 1,303 2,460 6,291 21,709

Unamortized discounts on securities 

held outright5 -15,379 -378 -8,752 -418 -461 -940 -861 -613 -194 -113 -214 -547 -1,889

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

Loans 94 0 0 0 0 0 0 12 18 43 13 7 0

Net portfolio holdings of Maiden

Lane LLC7 1,709 0 1,709 0 0 0 0 0 0 0 0 0 0

Items in process of collection 76 0 0 0 0 0 76 0 0 0 0 0 0

Bank premises 2,203 118 429 72 105 205 207 201 114 90 240 224 196

Central bank liquidity swaps8 180 8 59 10 14 40 10 5 2 1 2 2 27

Foreign currency denominated

assets9 21,023 929 6,938 1,157 1,601 4,688 1,167 563 216 90 210 267 3,198

Other assets10 29,860 772 16,523 815 899 1,993 1,677 1,204 454 245 470 1,131 3,678

Interdistrict settlement account 0 - 21,107 + 20,076 - 10,879 - 8,737 - 26,308 + 9,574 + 3,571 + 4,504 + 2,037 - 686 + 21,588 + 6,366

Total assets 4,467,382 89,261 2,551,753 111,214 126,433 250,630 261,021 182,098 61,307 35,238 61,979 180,974 555,475

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, October 19, 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 1,616,903 50,040 524,470 51,583 80,837 114,162 223,890 108,696 49,879 28,148 42,132 134,083 208,981

Less: Notes held by F.R. Banks 186,214 6,567 49,292 6,738 10,070 14,650 27,789 12,725 5,587 3,205 6,048 16,244 27,300

Federal Reserve notes, net 1,430,689 43,473 475,178 44,845 70,767 99,513 196,101 95,972 44,292 24,944 36,084 117,839 181,682

Reverse repurchase agreements11 431,168 10,592 245,364 11,707 12,913 26,350 24,132 17,180 5,442 3,179 6,001 15,347 52,962

Deposits 2,558,407 33,242 1,815,135 52,250 39,317 115,338 38,057 67,126 10,977 6,367 19,358 46,998 314,242

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 2,105,811 33,236 1,372,022 52,248 39,314 115,026 38,048 58,004 10,962 6,367 19,357 46,995 314,233

U.S. Treasury, General Account 409,693 0 409,693 0 0 0 0 0 0 0 0 0 0

Foreign official 5,165 2 5,139 2 3 9 2 1 0 0 0 1 6

Other12 37,737 4 28,281 0 0 304 7 9,121 14 0 1 3 3

Deferred availability cash items 503 0 0 0 0 0 74 0 0 428 0 0 0

Earnings remittances due to the U.S.

Treasury13 1,677 42 951 46 51 104 102 67 21 12 18 61 203

Other liabilities and accrued

dividends 4,759 163 2,086 194 203 513 336 258 140 139 127 214 385

Total liabilities 4,427,203 87,511 2,538,714 109,043 123,250 241,818 258,803 180,602 60,871 35,068 61,588 180,460 549,474

Capital

Capital paid in 30,179 1,307 9,741 1,621 2,420 6,581 1,663 1,228 333 127 291 388 4,479

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 4,467,382 89,261 2,551,753 111,214 126,433 250,630 261,021 182,098 61,307 35,238 61,979 180,974 555,475

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, October 19, 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 Oct 19, 2016

Federal Reserve notes outstanding 1,616,903

Less: Notes held by F.R. Banks not subject to collateralization 186,214

Federal Reserve notes to be collateralized 1,430,689

Collateral held against Federal Reserve notes 1,430,689

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,414,452

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,232,747

Less: Face value of securities under reverse repurchase agreements 402,573

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,830,174

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.