FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks November 10, 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

Nov 9, 2016 Nov 2, 2016 Nov 11, 2015

Wednesday

Nov 9, 2016

Reserve Bank credit 4,414,728 + 1,971 - 38,546 4,415,454

Securities held outright1 4,217,970 + 71 - 22,011 4,217,995

U.S. Treasury securities 2,463,629 + 65 + 1,897 2,463,654

Bills2 0 0 0 0

Notes and bonds, nominal2 2,340,674 - 173 - 5,965 2,340,674

Notes and bonds, inflation-indexed2 105,526 + 173 + 6,992 105,526

Inflation compensation3 17,429 + 65 + 870 17,454

Federal agency debt securities2 18,493 0 - 15,653 18,493

Mortgage-backed securities4 1,735,848 + 5 - 8,255 1,735,848

Unamortized premiums on securities held outright5 175,503 - 333 - 16,349 175,402

Unamortized discounts on securities held outright5 -15,274 + 41 + 1,546 -15,263

Repurchase agreements6 0 0 0 0

Loans 28 - 30 - 93 32

Primary credit 1 - 3 0 0

Secondary credit 0 0 0 0

Seasonal credit 27 - 26 - 92 32

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,708 + 2 - 5 1,708

Float -356 + 479 - 502 -538

Central bank liquidity swaps8 1,000 - 15 + 859 1,000

Other Federal Reserve assets9 34,149 + 1,756 - 1,990 35,118

Foreign currency denominated assets10 21,092 + 176 + 1,749 20,875

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 48,295 + 14 + 818 48,295

Total factors supplying reserve funds 4,500,356 + 2,161 - 35,979 4,500,864

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

Nov 9, 2016 Nov 2, 2016 Nov 11, 2015

Wednesday

Nov 9, 2016

Currency in circulation11 1,486,273 + 7,061 + 82,890 1,489,610

Reverse repurchase agreements12 370,188 - 24,943 + 97,218 363,349

Foreign official and international accounts 235,190 - 4,515 + 40,237 232,356

Others 134,998 - 20,428 + 56,980 130,993

Treasury cash holdings 186 + 4 - 55 195

Deposits with F.R. Banks, other than reserve balances 419,824 - 49,266 + 282,333 410,637

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 376,217 - 41,448 + 269,092 365,454

Foreign official 5,234 + 61 - 273 5,517

Other13 38,372 - 7,881 + 13,513 39,666

Other liabilities and capital14 48,215 + 1,622 - 18,059 46,992

Total factors, other than reserve balances,

absorbing reserve funds 2,324,685 - 65,523 + 444,326 2,310,782

Reserve balances with Federal Reserve Banks 2,175,670 + 67,683 - 480,306 2,190,082

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

Nov 9, 2016 Nov 2, 2016 Nov 11, 2015

Wednesday

Nov 9, 2016

Securities held in custody for foreign official and international

accounts 3,111,376 - 8,965 - 191,956 3,114,260

Marketable U.S. Treasury securities1 2,790,985 - 9,652 - 191,390 2,793,815

Federal agency debt and mortgage-backed securities2 259,861 + 444 - 14,985 259,750

Other securities3 60,530 + 244 + 14,418 60,695

Securities lent to dealers 20,462 - 919 + 3,295 18,326

Overnight facility4 20,462 - 919 + 3,295 18,326

U.S. Treasury securities 20,436 - 920 + 3,316 18,295

Federal agency debt securities 26 + 1 - 21 31

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, November 9, 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 7 26 0 0 0 ... 32

U.S. Treasury securities1

Holdings 13,573 32,691 148,239 1,198,574 435,177 635,400 2,463,654

Weekly changes 0 + 2 + 1 + 12 + 12 + 42 + 68

Federal agency debt securities2

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

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities3

Holdings 0 0 0 1,582 11,198 1,723,068 1,735,848

Weekly changes 0 0 0 0 + 290 - 289 + 1

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

Central bank liquidity swaps5 1,000 0 0 0 0 0 1,000

Reverse repurchase agreements4 363,349 0 ... ... ... ... 363,349

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 Nov 9, 2016

Mortgage-backed securities held outright1 1,735,848

Commitments to buy mortgage-backed securities2 55,178

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 4

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

2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls, and coupon swaps.

3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 5 and table 6.

4. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Wednesday Account name Nov 9, 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

Nov 9, 2016 Nov 2, 2016 Nov 11, 2015

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,878 - 6 - 7

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,378,166 - 209 - 36,838

Securities held outright1 4,217,995 + 70 - 21,972

U.S. Treasury securities 2,463,654 + 68 + 1,936

Bills2 0 0 0

Notes and bonds, nominal2 2,340,674 0 - 5,965

Notes and bonds, inflation-indexed2 105,526 0 + 6,992

Inflation compensation3 17,454 + 69 + 909

Federal agency debt securities2 18,493 0 - 15,653

Mortgage-backed securities4 1,735,848 + 1 - 8,255

Unamortized premiums on securities held outright5 175,402 - 306 - 16,331

Unamortized discounts on securities held outright5 -15,263 + 31 + 1,546

Repurchase agreements6 0 0 0

Loans 32 - 3 - 80

Net portfolio holdings of Maiden Lane LLC7 1,708 0 - 5

Items in process of collection (0) 105 + 30 - 581

Bank premises 2,200 + 1 - 31

Central bank liquidity swaps8 1,000 - 15 + 859

Foreign currency denominated assets9 20,875 - 432 + 1,617

Other assets10 32,918 + 2,630 - 1,939

Total assets (0) 4,455,087 + 2,000 - 36,925

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

Nov 9, 2016 Nov 2, 2016 Nov 11, 2015

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,443,384 + 5,049 + 83,053

Reverse repurchase agreements11 363,349 - 51,589 + 86,350

Deposits (0) 2,600,719 + 48,537 - 186,286

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,190,082 + 52,873 - 469,256

U.S. Treasury, General Account 365,454 - 6,440 + 269,005

Foreign official 5,517 + 345 + 159

Other12 (0) 39,666 + 1,759 + 13,807

Deferred availability cash items (0) 643 + 139 - 84

Other liabilities and accrued dividends13 6,746 - 193 - 1,551

Total liabilities (0) 4,414,841 + 1,943 - 18,519

Capital accounts

Capital paid in 30,246 + 58 + 920

Surplus 10,000 0 - 19,326

Other capital accounts 0 0 0

Total capital 40,246 + 58 - 18,407

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, November 9, 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 1,878 49 71 162 132 303 177 281 30 53 125 183 313

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,378,166 107,550 2,491,452 118,876 131,118 267,564 245,046 174,448 55,257 32,291 60,938 155,845 537,783

Securities held outright1 4,217,995 103,616 2,400,322 114,528 126,322 257,777 236,078 168,066 53,234 31,097 58,703 150,138 518,113

U.S. Treasury securities 2,463,654 60,520 1,401,984 66,894 73,782 150,563 137,889 98,164 31,093 18,163 34,288 87,693 302,620

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

Notes and bonds3 2,463,654 60,520 1,401,984 66,894 73,782 150,563 137,889 98,164 31,093 18,163 34,288 87,693 302,620

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 1,735,848 42,642 987,814 47,132 51,986 106,084 97,154 69,165 21,908 12,798 24,158 61,787 213,221

Unamortized premiums on securities 

held outright5 175,402 4,309 99,815 4,763 5,253 10,719 9,817 6,989 2,214 1,293 2,441 6,243 21,545

Unamortized discounts on securities 

held outright5 -15,263 -375 -8,686 -414 -457 -933 -854 -608 -193 -113 -212 -543 -1,875

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

Loans 32 0 0 0 0 0 5 2 1 13 6 6 0

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 105 0 0 0 0 0 104 0 0 0 0 0 0

Bank premises 2,200 118 431 71 105 204 206 201 114 90 239 224 196

Central bank liquidity swaps8 1,000 44 330 55 76 223 56 27 10 4 10 13 152

Foreign currency denominated

assets9 20,875 922 6,889 1,148 1,590 4,655 1,159 559 214 89 208 265 3,175

Other assets10 32,918 847 18,255 900 992 2,171 1,862 1,330 510 274 514 1,214 4,050

Interdistrict settlement account 0 - 19,063 - 21,065 - 7,425 - 5,548 - 9,847 + 8,976 + 1,957 + 4,220 + 3,339 + 1,805 + 21,774 + 20,879

Total assets 4,455,087 91,019 2,503,476 114,356 129,287 266,445 259,780 179,980 60,865 36,424 64,289 180,673 568,493

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, November 9, 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 1,618,778 50,186 525,517 51,478 80,446 113,781 223,198 109,315 49,778 28,185 43,421 134,189 209,285

Less: Notes held by F.R. Banks 175,394 6,205 45,064 6,552 9,396 13,844 26,944 11,503 5,475 3,111 5,717 15,495 26,089

Federal Reserve notes, net 1,443,384 43,980 480,453 44,926 71,049 99,938 196,253 97,812 44,303 25,074 37,704 118,694 183,196

Reverse repurchase agreements11 363,349 8,926 206,770 9,866 10,882 22,206 20,336 14,478 4,586 2,679 5,057 12,933 44,632

Deposits 2,600,719 36,169 1,799,788 57,152 43,882 134,934 40,449 65,860 11,376 7,798 20,981 48,249 334,080

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 2,190,082 36,162 1,398,801 57,150 43,879 134,653 40,440 56,538 11,363 7,798 20,979 48,248 334,072

U.S. Treasury, General Account 365,454 0 365,454 0 0 0 0 0 0 0 0 0 0

Foreign official 5,517 2 5,490 2 3 9 2 1 0 0 0 1 6

Other12 39,666 5 30,043 0 0 273 7 9,321 13 0 1 1 2

Deferred availability cash items 643 0 0 0 0 0 95 0 0 549 0 0 0

Earnings remittances due to the U.S.

Treasury13 1,659 32 1,059 33 32 40 91 70 20 11 22 65 185

Other liabilities and accrued

dividends 5,087 162 2,368 198 204 526 334 263 145 143 129 217 398

Total liabilities 4,414,841 89,269 2,490,437 112,175 126,049 257,643 257,558 178,483 60,430 36,254 63,893 180,158 562,490

Capital

Capital paid in 30,246 1,308 9,740 1,631 2,476 6,571 1,667 1,228 332 127 296 388 4,481

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 4,455,087 91,019 2,503,476 114,356 129,287 266,445 259,780 179,980 60,865 36,424 64,289 180,673 568,493

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, November 9, 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 Nov 9, 2016

Federal Reserve notes outstanding 1,618,778

Less: Notes held by F.R. Banks not subject to collateralization 175,394

Federal Reserve notes to be collateralized 1,443,384

Collateral held against Federal Reserve notes 1,443,384

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,427,147

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,217,995

Less: Face value of securities under reverse repurchase agreements 340,522

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,877,473

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.