FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks January 4, 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

Jan 3, 2018 Dec 27, 2017 Jan 4, 2017

Wednesday

Jan 3, 2018

Reserve Bank credit 4,407,634 - 10,082 - 6,756 4,403,821

Securities held outright1 4,221,814 - 9,304 + 635 4,217,528

U.S. Treasury securities 2,452,495 - 1,729 - 11,114 2,448,208

Bills2 0 0 0 0

Notes and bonds, nominal2 2,322,690 - 1,714 - 16,413 2,318,404

Notes and bonds, inflation-indexed2 110,134 0 + 3,437 110,134

Inflation compensation3 19,671 - 15 + 1,863 19,670

Federal agency debt securities2 4,391 0 - 11,789 4,391

Mortgage-backed securities4 1,764,929 - 7,574 + 23,538 1,764,929

Unamortized premiums on securities held outright5 158,749 - 487 - 14,185 158,640

Unamortized discounts on securities held outright5 -14,118 + 14 + 963 -14,146

Repurchase agreements6 0 0 0 0

Loans 117 + 55 + 63 44

Primary credit 97 + 67 + 62 38

Secondary credit 0 0 - 1 0

Seasonal credit 21 - 12 + 3 6

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,713 + 1 + 12 1,713

Float -734 - 555 + 112 -155

Central bank liquidity swaps8 12,059 + 51 + 6,601 12,067

Other Federal Reserve assets9 28,034 + 144 - 957 28,130

Foreign currency denominated assets10 21,423 + 244 + 1,899 21,440

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 49,374 + 14 + 838 49,374

Total factors supplying reserve funds 4,494,671 - 9,824 - 4,020 4,490,876

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

Jan 3, 2018 Dec 27, 2017 Jan 4, 2017

Wednesday

Jan 3, 2018

Currency in circulation11 1,618,004 + 5,892 + 108,658 1,618,531

Reverse repurchase agreements12 490,006 + 134,988 - 162,819 383,990

Foreign official and international accounts 246,371 + 11,295 - 10,226 252,368

Others 243,635 + 123,693 - 152,593 131,622

Treasury cash holdings 216 + 22 + 49 225

Deposits with F.R. Banks, other than reserve balances 292,706 + 4,818 - 151,303 246,611

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 211,566 + 21,283 - 176,423 169,957

Foreign official 5,255 + 2 + 90 5,253

Other13 75,884 - 16,468 + 25,029 71,402

Other liabilities and capital14 47,809 - 50 + 861 46,868

Total factors, other than reserve balances,

absorbing reserve funds 2,448,741 + 145,671 - 204,554 2,296,225

Reserve balances with Federal Reserve Banks 2,045,930 - 155,495 + 200,534 2,194,651

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

Jan 3, 2018 Dec 27, 2017 Jan 4, 2017

Wednesday

Jan 3, 2018

Securities held in custody for foreign official and international

accounts 3,355,758 - 6,241 + 173,794 3,354,631

Marketable U.S. Treasury securities1 3,015,192 - 6,097 + 154,035 3,014,079

Federal agency debt and mortgage-backed securities2 262,742 - 24 + 1,341 262,740

Other securities3 77,824 - 120 + 18,418 77,812

Securities lent to dealers 25,192 + 1,685 + 1,706 25,339

Overnight facility4 25,192 + 1,685 + 1,706 25,339

U.S. Treasury securities 25,192 + 1,685 + 1,750 25,339

Federal agency debt securities 0 0 - 45 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, January 3, 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 38 6 0 0 0 ... 44

U.S. Treasury securities1

Holdings 3,098 107,658 315,420 1,085,113 314,035 622,884 2,448,208

Weekly changes - 14,406 + 28,103 - 12,992 - 10,333 + 3,623 - 6 - 6,011

Federal agency debt securities2

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

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities3

Holdings 0 0 1 177 27,007 1,737,744 1,764,929

Weekly changes 0 0 0 + 4 + 6,994 - 6,995 + 3

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

Central bank liquidity swaps5 12,067 0 0 0 0 0 12,067

Reverse repurchase agreements4 383,990 0 ... ... ... ... 383,990

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 Jan 3, 2018

Mortgage-backed securities held outright1 1,764,929

Commitments to buy mortgage-backed securities2 21,378

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 7

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 Jan 3, 2018

Net portfolio holdings of Maiden Lane LLC1 1,713

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

Jan 3, 2018 Dec 27, 2017 Jan 4, 2017

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,895 + 10 + 20

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,362,066 - 6,410 - 16,842

Securities held outright1 4,217,528 - 6,007 - 3,634

U.S. Treasury securities 2,448,208 - 6,011 - 15,383

Bills2 0 0 0

Notes and bonds, nominal2 2,318,404 - 6,000 - 20,699

Notes and bonds, inflation-indexed2 110,134 0 + 3,437

Inflation compensation3 19,670 - 10 + 1,879

Federal agency debt securities2 4,391 0 - 11,789

Mortgage-backed securities4 1,764,929 + 3 + 23,538

Unamortized premiums on securities held outright5 158,640 - 281 - 14,149

Unamortized discounts on securities held outright5 -14,146 - 25 + 937

Repurchase agreements6 0 0 0

Loans 44 - 97 + 4

Net portfolio holdings of Maiden Lane LLC7 1,713 + 1 + 6

Items in process of collection (0) 169 + 81 + 1

Bank premises 2,203 - 15 + 1

Central bank liquidity swaps8 12,067 + 59 + 6,504

Foreign currency denominated assets9 21,440 + 211 + 2,039

Other assets10 25,927 + 1,102 - 1,114

Total assets (0) 4,443,718 - 4,962 - 9,383

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

Jan 3, 2018 Dec 27, 2017 Jan 4, 2017

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,571,272 + 2,214 + 108,709

Reverse repurchase agreements11 383,990 - 2,801 - 139,223

Deposits (0) 2,441,263 - 3,826 + 20,939

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,194,651 + 18,199 + 196,485

U.S. Treasury, General Account 169,957 - 16,529 - 201,876

Foreign official 5,253 - 1 + 89

Other12 (0) 71,402 - 5,495 + 26,241

Deferred availability cash items (0) 325 - 98 - 641

Other liabilities and accrued dividends13 5,481 - 450 - 113

Total liabilities (0) 4,402,330 - 4,961 - 10,329

Capital accounts

Capital paid in 31,387 - 1 + 945

Surplus 10,000 0 0

Other capital accounts 0 0 0

Total capital 41,387 - 1 + 945

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, January 3, 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 11,037 349 3,592 348 553 776 1,520 737 341 191 292 916 1,422

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

Coin 1,895 47 47 187 145 271 199 300 37 52 107 197 306

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,362,066 84,988 2,456,220 112,625 126,495 255,573 256,765 183,498 58,167 34,011 61,868 174,625 557,232

Securities held outright1 4,217,528 82,173 2,374,856 108,895 122,304 247,107 248,259 177,384 56,240 32,882 59,814 168,840 538,773

U.S. Treasury securities 2,448,208 47,700 1,378,566 63,212 70,996 143,442 144,111 102,968 32,646 19,087 34,721 98,009 312,749

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

Notes and bonds3 2,448,208 47,700 1,378,566 63,212 70,996 143,442 144,111 102,968 32,646 19,087 34,721 98,009 312,749

Federal agency debt securities2 4,391 86 2,473 113 127 257 258 185 59 34 62 176 561

Mortgage-backed securities4 1,764,929 34,387 993,817 45,570 51,181 103,408 103,890 74,231 23,535 13,760 25,031 70,655 225,463

Unamortized premiums on securities 

held outright5 158,640 3,091 89,329 4,096 4,600 9,295 9,338 6,672 2,115 1,237 2,250 6,351 20,266

Unamortized discounts on securities 

held outright5 -14,146 -276 -7,965 -365 -410 -829 -833 -595 -189 -110 -201 -566 -1,807

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

Loans 44 0 1 0 0 0 0 37 0 2 4 0 0

Net portfolio holdings of Maiden

Lane LLC7 1,713 0 1,713 0 0 0 0 0 0 0 0 0 0

Items in process of collection 169 0 0 0 0 0 168 0 0 1 0 0 0

Bank premises 2,203 114 445 71 122 197 203 203 110 88 236 219 194

Central bank liquidity swaps8 12,067 523 3,864 649 983 2,608 704 505 132 51 117 154 1,777

Foreign currency denominated

assets9 21,440 929 6,868 1,153 1,746 4,633 1,250 897 234 91 208 274 3,157

Other assets10 25,927 546 14,164 663 766 1,709 1,556 1,093 432 219 437 1,050 3,292

Interdistrict settlement account 0 + 6,419 - 101,124 + 350 + 1,547 + 26,827 + 19,458 + 47,168 + 665 + 3,269 + 9,776 + 5,887 - 20,242

Total assets 4,443,718 94,111 2,387,607 116,257 132,595 293,007 282,477 234,826 60,267 38,062 73,194 183,604 547,712

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, January 3, 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 1,746,331 57,380 578,415 54,232 83,747 119,426 243,986 115,939 52,079 31,153 47,929 140,798 221,248

Less: Notes held by F.R. Banks 175,059 6,209 48,252 6,370 8,887 13,531 23,761 11,004 5,119 3,024 5,723 16,548 26,633

Federal Reserve notes, net 1,571,272 51,171 530,164 47,862 74,860 105,895 220,226 104,935 46,961 28,129 42,207 124,249 194,615

Reverse repurchase agreements11 383,990 7,482 216,222 9,914 11,135 22,498 22,603 16,150 5,120 2,994 5,446 15,372 49,053

Deposits 2,441,263 33,524 1,625,558 55,956 43,038 155,145 36,769 111,666 7,481 6,434 24,999 43,229 297,465

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 2,194,651 33,519 1,434,253 55,953 43,035 154,953 36,760 56,585 7,476 6,434 24,997 43,228 297,458

U.S. Treasury, General Account 169,957 0 169,957 0 0 0 0 0 0 0 0 0 0

Foreign official 5,253 2 5,225 2 3 9 2 2 0 0 0 1 6

Other12 71,402 4 16,123 0 0 183 7 55,079 4 0 1 0 1

Deferred availability cash items 325 0 0 0 0 0 142 0 0 183 0 0 0

Earnings remittances due to the U.S.

Treasury13 681 14 362 18 23 41 54 25 10 6 10 31 86

Other liabilities and accrued

dividends 4,800 152 2,199 186 191 486 293 301 133 130 124 206 400

Total liabilities 4,402,330 92,343 2,374,504 113,936 129,247 284,064 280,087 233,077 59,705 37,875 72,785 183,088 541,619

Capital

Capital paid in 31,387 1,335 9,901 1,783 2,534 6,781 1,807 1,331 453 144 311 387 4,620

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

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

Total liabilities and capital 4,443,718 94,111 2,387,607 116,257 132,595 293,007 282,477 234,826 60,267 38,062 73,194 183,604 547,712

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, January 3, 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 $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 Jan 3, 2018

Federal Reserve notes outstanding 1,746,331

Less: Notes held by F.R. Banks not subject to collateralization 175,059

Federal Reserve notes to be collateralized 1,571,272

Collateral held against Federal Reserve notes 1,571,272

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,555,035

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,217,528

Less: Face value of securities under reverse repurchase agreements 377,613

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,839,916

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.