FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks April 26, 2018

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Week ended

Apr 25, 2018 Apr 18, 2018 Apr 26, 2017

Wednesday

Apr 25, 2018

Reserve Bank credit 4,343,468 - 5,071 - 96,234 4,332,805

Securities held outright1 4,171,756 - 4,757 - 81,032 4,162,576

U.S. Treasury securities 2,413,167 + 70 - 51,529 2,413,218

Bills2 0 0 0 0

Notes and bonds, nominal2 2,281,995 + 63 - 57,745 2,281,995

Notes and bonds, inflation-indexed2 110,907 - 122 + 4,104 110,907

Inflation compensation3 20,265 + 129 + 2,112 20,316

Federal agency debt securities2 4,391 0 - 7,438 4,391

Mortgage-backed securities4 1,754,198 - 4,827 - 22,065 1,744,967

Unamortized premiums on securities held outright5 153,453 - 510 - 15,159 153,073

Unamortized discounts on securities held outright5 -13,962 + 30 + 925 -13,950

Repurchase agreements6 0 0 0 0

Loans 63 + 28 + 27 87

Primary credit 24 + 19 + 19 34

Secondary credit 0 0 0 0

Seasonal credit 39 + 9 + 8 53

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,711 + 2 + 3 1,714

Float -171 + 4 + 94 -136

Central bank liquidity swaps8 82 0 + 2 82

Other Federal Reserve assets9 30,535 + 131 - 1,097 29,359

Foreign currency denominated assets10 21,998 - 156 + 1,714 21,819

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 49,608 + 14 + 776 49,608

Total factors supplying reserve funds 4,431,314 - 5,214 - 93,745 4,420,473

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

Apr 25, 2018 Apr 18, 2018 Apr 26, 2017

Wednesday

Apr 25, 2018

Currency in circulation11 1,641,794 + 1,315 + 101,007 1,643,335

Reverse repurchase agreements12 246,134 + 5,600 - 123,771 238,414

Foreign official and international accounts 235,576 + 170 - 6,296 234,844

Others 10,558 + 5,430 - 117,476 3,570

Treasury cash holdings 297 - 10 + 43 290

Deposits with F.R. Banks, other than reserve balances 445,040 + 76,737 + 118,364 482,773

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 359,599 + 84,353 + 125,380 403,067

Foreign official 5,254 0 + 89 5,254

Other13 80,188 - 7,615 - 7,104 74,452

Other liabilities and capital14 45,459 - 56 - 2,937 44,714

Total factors, other than reserve balances,

absorbing reserve funds 2,378,724 + 83,586 + 92,706 2,409,526

Reserve balances with Federal Reserve Banks 2,052,590 - 88,800 - 186,451 2,010,948

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of

the securities.

5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been

amortized. For U.S. Treasury securities, Federal agency debt securities, and mortgage-backed securities, amortization is on an effective-interest

basis.

6. Cash value of agreements.

7. Refer to table 4 and the note on consolidation accompanying table 6.

8. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned

to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the

foreign central bank.

9. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable. Also, includes Reserve

Bank premises and equipment net of allowances for depreciation.

10. Revalued daily at current foreign currency exchange rates.

11. Estimated.

12. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

13. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial

market utilities, and deposits held by depository institutions in joint accounts in connection with their participation in certain private-sector payment

arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks

as fiscal agents of the United States.

14. Includes the liability for earnings remittances due to the U.S. Treasury.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.
H.4.1

1A. Memorandum Items

Millions of dollars

Averages of daily figures

Memorandum item Week ended Change from week ended

Apr 25, 2018 Apr 18, 2018 Apr 26, 2017

Wednesday

Apr 25, 2018

Securities held in custody for foreign official and international

accounts 3,411,778 - 25,265 + 201,024 3,413,842

Marketable U.S. Treasury securities1 3,058,704 - 24,465 + 164,199 3,061,976

Federal agency debt and mortgage-backed securities2 274,194 - 58 + 19,207 273,588

Other securities3 78,880 - 742 + 17,619 78,278

Securities lent to dealers 16,928 - 482 - 2,127 17,227

Overnight facility4 16,928 - 482 - 2,127 17,227

U.S. Treasury securities 16,928 - 482 - 2,087 17,227

Federal agency debt securities 0 0 - 40 0

Note: Components may not sum to totals because of rounding.

1. Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS. Does not include securities pledged as collateral

to foreign official and international account holders against reverse repurchase agreements with the Federal Reserve presented in tables 1, 5, and 6.

2. Face value of federal agency securities and current face value of mortgage-backed securities, which is the remaining principal balance of the

securities.

3. Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed securities, and commercial paper at face value.

4. Face value. Fully collateralized by U.S. Treasury securities.

2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, April 25, 2018

Millions of dollars

Remaining Maturity Within 15

days

16 days to

90 days

91 days to

1 year

Over 1 year

to 5 years

Over 5 year

to 10 years

Over 10

years

All

Loans 76 11 0 0 0 ... 87

U.S. Treasury securities1

Holdings 34,346 86,284 289,432 1,079,938 308,277 614,941 2,413,218

Weekly changes 0 + 2 + 2 + 19 + 48 + 69 + 139

Federal agency debt securities2

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

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities3

Holdings 0 0 1 74 36,094 1,708,799 1,744,967

Weekly changes 0 0 0 - 2 - 631 - 10,690 - 11,323

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

Central bank liquidity swaps5 82 0 0 0 0 0 82

Reverse repurchase agreements4 238,414 0 ... ... ... ... 238,414

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 Apr 25, 2018

Mortgage-backed securities held outright1 1,744,967

Commitments to buy mortgage-backed securities2 9,263

Commitments to sell mortgage-backed securities2 20

Cash and cash equivalents3 19

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 Apr 25, 2018

Net portfolio holdings of Maiden Lane LLC1 1,714

Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2 0

Accrued interest payable to the Federal Reserve Bank of New York2 0

Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3 0

1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an

orderly market on the measurement date. Assets are revalued quarterly.

2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York’s statement of condition consistent with

consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 6.

3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in

table 5 and table 6.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3) of

the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets through time

to maximize repayment of the credit extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior loan

from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were repaid in full, with interest.
H.4.1

5. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Apr 25, 2018 Apr 18, 2018 Apr 26, 2017

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,815 - 6 - 68

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,301,786 - 11,812 - 97,246

Securities held outright1 4,162,576 - 11,184 - 82,996

U.S. Treasury securities 2,413,218 + 139 - 51,512

Bills2 0 0 0

Notes and bonds, nominal2 2,281,995 0 - 57,745

Notes and bonds, inflation-indexed2 110,907 0 + 4,104

Inflation compensation3 20,316 + 139 + 2,129

Federal agency debt securities2 4,391 0 - 7,438

Mortgage-backed securities4 1,744,967 - 11,323 - 24,046

Unamortized premiums on securities held outright5 153,073 - 703 - 15,212

Unamortized discounts on securities held outright5 -13,950 + 31 + 919

Repurchase agreements6 0 0 0

Loans 87 + 44 + 43

Net portfolio holdings of Maiden Lane LLC7 1,714 + 4 + 5

Items in process of collection (0) 73 + 8 - 11

Bank premises 2,201 + 1 + 2

Central bank liquidity swaps8 82 0 + 2

Foreign currency denominated assets9 21,819 - 386 + 1,571

Other assets10 27,159 - 827 - 1,510

Total assets (0) 4,372,886 - 13,017 - 97,256

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

Apr 25, 2018 Apr 18, 2018 Apr 26, 2017

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,595,828 + 1,012 + 99,750

Reverse repurchase agreements11 238,414 - 9,334 - 124,659

Deposits (0) 2,493,721 - 4,614 - 69,739

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,010,948 - 56,211 - 189,723

U.S. Treasury, General Account 403,067 + 52,124 + 132,222

Foreign official 5,254 + 1 + 90

Other12 (0) 74,452 - 527 - 12,328

Deferred availability cash items (0) 209 - 144 - 295

Other liabilities and accrued dividends13 5,461 + 54 - 940

Total liabilities (0) 4,333,634 - 13,024 - 95,883

Capital accounts

Capital paid in 31,753 + 8 + 1,128

Surplus 7,500 0 - 2,500

Other capital accounts 0 0 0

Total capital 39,253 + 8 - 1,372

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.

5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been

amortized. For U.S. Treasury securities, Federal agency debt securities, and mortgage-backed securities, amortization is on an effective-interest

basis.

6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

7. Refer to table 4 and the note on consolidation accompanying table 6.

8. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to

the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign

central bank.

9. Revalued daily at current foreign currency exchange rates.

10. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.

11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

12. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial

market utilities, and deposits held by depository institutions in joint accounts in connection with their participation in certain private-sector payment

arrangements. Also includes certain deposit accounts other than the U.S. Treasury, General Account, for services provided by the Reserve Banks

as fiscal agents of the United States.

13. Includes the liability for earnings remittances due to the U.S. Treasury.
H.4.1

6. Statement of Condition of Each Federal Reserve Bank, April 25, 2018

Millions of dollars

Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco

Assets

Gold certificate account 11,037 364 3,626 350 544 773 1,491 739 334 199 307 905 1,405

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

Coin 1,815 51 53 183 116 264 184 297 27 52 108 184 295

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,301,786 82,158 2,374,875 108,609 121,955 254,558 258,221 230,443 57,284 35,908 67,720 177,874 532,182

Securities held outright1 4,162,576 79,501 2,298,064 105,096 118,010 246,325 249,866 222,939 55,418 34,737 65,529 172,122 514,969

U.S. Treasury securities 2,413,218 46,090 1,332,283 60,929 68,416 142,805 144,858 129,247 32,128 20,138 37,990 99,786 298,549

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

Notes and bonds3 2,413,218 46,090 1,332,283 60,929 68,416 142,805 144,858 129,247 32,128 20,138 37,990 99,786 298,549

Federal agency debt securities2 4,391 84 2,424 111 124 260 264 235 58 37 69 182 543

Mortgage-backed securities4 1,744,967 33,327 963,357 44,057 49,470 103,260 104,745 93,457 23,231 14,562 27,470 72,154 215,877

Unamortized premiums on securities 

held outright5 153,073 2,924 84,508 3,865 4,340 9,058 9,188 8,198 2,038 1,277 2,410 6,330 18,937

Unamortized discounts on securities 

held outright5 -13,950 -266 -7,701 -352 -395 -825 -837 -747 -186 -116 -220 -577 -1,726

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

Loans 87 0 4 0 0 0 4 54 14 10 1 0 1

Net portfolio holdings of Maiden

Lane LLC7 1,714 0 1,714 0 0 0 0 0 0 0 0 0 0

Items in process of collection 73 1 0 0 0 0 72 0 0 0 0 0 0

Bank premises 2,201 112 445 73 120 196 204 201 108 95 235 220 191

Central bank liquidity swaps8 82 4 26 5 7 18 5 3 1 0 1 1 12

Foreign currency denominated

assets9 21,819 928 6,879 1,239 1,761 4,713 1,261 925 315 100 216 270 3,211

Other assets10 27,159 554 14,470 684 781 1,819 1,629 1,437 442 279 497 1,238 3,329

Interdistrict settlement account 0 - 186 + 115,101 - 6,602 - 3,257 - 1,334 + 2,406 - 11,267 - 2,440 - 1,904 - 4,435 - 8,017 - 78,065

Total assets 4,372,886 84,181 2,519,007 104,751 122,264 261,419 266,126 223,204 56,221 34,819 64,801 172,957 463,136

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, April 25, 2018 (continued)

Millions of dollars

Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco

Liabilities

Federal Reserve notes outstanding 1,781,374 59,672 605,060 53,796 88,105 125,448 246,812 114,030 52,145 30,543 47,319 139,139 219,305

Less: Notes held by F.R. Banks 185,547 6,340 46,727 7,273 10,056 14,421 29,797 12,908 5,749 3,587 5,926 17,296 25,467

Federal Reserve notes, net 1,595,828 53,332 558,332 46,524 78,049 111,027 217,015 101,122 46,396 26,956 41,394 121,843 193,838

Reverse repurchase agreements11 238,414 4,553 131,623 6,019 6,759 14,108 14,311 12,769 3,174 1,990 3,753 9,858 29,495

Deposits 2,493,721 24,448 1,814,497 49,703 34,098 127,206 32,101 107,290 5,935 5,395 19,093 40,490 233,465

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 2,010,948 24,417 1,385,803 49,700 34,034 126,928 32,065 53,688 5,928 5,395 19,080 40,452 233,458

U.S. Treasury, General Account 403,067 0 403,067 0 0 0 0 0 0 0 0 0 0

Foreign official 5,254 2 5,227 2 3 9 2 2 1 0 0 0 6

Other12 74,452 29 20,401 0 61 270 33 53,600 7 0 12 38 1

Deferred availability cash items 209 0 0 0 0 0 65 0 0 145 0 0 0

Earnings remittances due to the U.S.

Treasury13 631 5 391 1 5 -21 65 40 1 8 6 51 79

Other liabilities and accrued

dividends 4,830 180 1,850 212 211 604 328 329 135 147 157 226 452

Total liabilities 4,333,634 82,519 2,506,693 102,459 119,122 252,924 263,885 221,549 55,641 34,640 64,404 172,469 457,329

Capital

Capital paid in 31,753 1,343 9,950 1,866 2,537 6,874 1,808 1,336 472 145 324 396 4,703

Surplus 7,500 319 2,364 426 605 1,620 433 318 108 34 74 93 1,104

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

Total liabilities and capital 4,372,886 84,181 2,519,007 104,751 122,264 261,419 266,126 223,204 56,221 34,819 64,801 172,957 463,136

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, April 25, 2018 (continued)

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

2. Face value of the securities.

3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.

4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.

5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized. For U.S. Treasury securities, Federal

agency debt securities, and mortgage-backed securities, amortization is on an effective-interest basis.

6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

7. Refer to table 4 and the note on consolidation below.

8. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate

equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.

9. Revalued daily at current foreign currency exchange rates.

10. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.

11. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.

12. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, designated financial market utilities, and deposits held by

depository institutions in joint accounts in connection with their participation in certain private-sector payment arrangements. Also includes certain deposit accounts other than the U.S. Treasury,

General Account, for services provided by the Reserve Banks as fiscal agents of the United States.

13. Represents the estimated weekly remittances due to U.S. Treasury. The amounts on this line represent the residual net earnings that the Federal Reserve Banks remit to the U.S. Treasury after

providing for the costs of operations, payment of dividends, and the amount necessary to maintain a $7.5 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 Apr 25, 2018

Federal Reserve notes outstanding 1,781,374

Less: Notes held by F.R. Banks not subject to collateralization 185,547

Federal Reserve notes to be collateralized 1,595,828

Collateral held against Federal Reserve notes 1,595,828

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,579,591

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,162,576

Less: Face value of securities under reverse repurchase agreements 233,750

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,928,826

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.