FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks February 22, 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

Feb 21, 2018 Feb 14, 2018 Feb 22, 2017

Wednesday

Feb 21, 2018

Reserve Bank credit 4,369,153 - 15,920 - 54,525 4,371,074

Securities held outright1 4,203,713 - 789 - 40,289 4,205,755

U.S. Treasury securities 2,432,071 - 4,109 - 31,382 2,432,066

Bills2 0 0 0 0

Notes and bonds, nominal2 2,303,503 - 4,088 - 37,879 2,303,503

Notes and bonds, inflation-indexed2 109,413 0 + 4,483 109,413

Inflation compensation3 19,155 - 20 + 2,015 19,149

Federal agency debt securities2 4,391 0 - 8,938 4,391

Mortgage-backed securities4 1,767,250 + 3,319 + 30 1,769,298

Unamortized premiums on securities held outright5 156,705 - 291 - 14,225 156,605

Unamortized discounts on securities held outright5 -14,114 - 69 + 927 -14,105

Repurchase agreements6 0 0 0 0

Loans 23 + 5 + 18 33

Primary credit 7 + 4 + 6 18

Secondary credit 0 0 0 0

Seasonal credit 16 + 1 + 12 15

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,715 0 + 10 1,710

Float -139 + 17 + 156 -179

Central bank liquidity swaps8 67 + 5 - 76 67

Other Federal Reserve assets9 21,184 - 14,797 - 1,046 21,187

Foreign currency denominated assets10 22,309 + 290 + 2,469 22,106

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 49,479 + 14 + 813 49,479

Total factors supplying reserve funds 4,457,182 - 15,617 - 51,243 4,458,900

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

Feb 21, 2018 Feb 14, 2018 Feb 22, 2017

Wednesday

Feb 21, 2018

Currency in circulation11 1,619,357 + 5,691 + 108,191 1,621,652

Reverse repurchase agreements12 258,502 - 7,651 - 136,168 280,170

Foreign official and international accounts 234,359 + 4,671 - 12,448 234,999

Others 24,144 - 12,322 - 123,719 45,171

Treasury cash holdings 281 + 7 + 40 293

Deposits with F.R. Banks, other than reserve balances 308,082 + 17,310 - 7,349 294,575

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 214,677 + 16,996 - 43,615 208,817

Foreign official 5,254 - 2 + 88 5,255

Other13 88,151 + 316 + 36,178 80,502

Other liabilities and capital14 47,580 - 425 - 316 46,870

Total factors, other than reserve balances,

absorbing reserve funds 2,233,802 + 14,932 - 35,601 2,243,561

Reserve balances with Federal Reserve Banks 2,223,380 - 30,549 - 15,642 2,215,339

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

Feb 21, 2018 Feb 14, 2018 Feb 22, 2017

Wednesday

Feb 21, 2018

Securities held in custody for foreign official and international

accounts 3,412,451 + 13,785 + 231,011 3,415,692

Marketable U.S. Treasury securities1 3,069,702 + 12,754 + 219,549 3,072,404

Federal agency debt and mortgage-backed securities2 262,106 - 417 - 6,191 262,647

Other securities3 80,643 + 1,448 + 17,653 80,641

Securities lent to dealers 26,890 - 1,565 + 6,791 26,512

Overnight facility4 26,890 - 1,565 + 6,791 26,512

U.S. Treasury securities 26,890 - 1,565 + 6,840 26,512

Federal agency debt securities 0 - 1 - 49 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, February 21, 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 33 0 0 0 0 ... 33

U.S. Treasury securities1

Holdings 32,047 92,002 314,372 1,069,165 300,215 624,265 2,432,066

Weekly changes - 16,563 0 + 43,523 - 38,612 + 4,531 + 3,013 - 4,107

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 1 176 36,716 1,732,405 1,769,298

Weekly changes 0 0 0 - 1 - 112 - 2,515 - 2,629

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

Central bank liquidity swaps5 67 0 0 0 0 0 67

Reverse repurchase agreements4 280,170 0 ... ... ... ... 280,170

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 Feb 21, 2018

Mortgage-backed securities held outright1 1,769,298

Commitments to buy mortgage-backed securities2 10,746

Commitments to sell mortgage-backed securities2 0

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 Feb 21, 2018

Net portfolio holdings of Maiden Lane LLC1 1,710

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

Feb 21, 2018 Feb 14, 2018 Feb 22, 2017

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,934 - 20 - 33

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,348,288 - 7,279 - 58,136

Securities held outright1 4,205,755 - 6,736 - 44,651

U.S. Treasury securities 2,432,066 - 4,107 - 31,390

Bills2 0 0 0

Notes and bonds, nominal2 2,303,503 - 4,088 - 37,879

Notes and bonds, inflation-indexed2 109,413 0 + 4,483

Inflation compensation3 19,149 - 19 + 2,005

Federal agency debt securities2 4,391 0 - 8,938

Mortgage-backed securities4 1,769,298 - 2,629 - 4,323

Unamortized premiums on securities held outright5 156,605 - 490 - 14,441

Unamortized discounts on securities held outright5 -14,105 - 69 + 926

Repurchase agreements6 0 0 0

Loans 33 + 16 + 30

Net portfolio holdings of Maiden Lane LLC7 1,710 - 5 + 5

Items in process of collection (0) 130 + 30 + 3

Bank premises 2,203 + 1 + 1

Central bank liquidity swaps8 67 + 5 - 76

Foreign currency denominated assets9 22,106 - 142 + 2,345

Other assets10 18,984 - 15,792 - 1,153

Total assets (0) 4,411,660 - 23,203 - 57,042

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

Feb 21, 2018 Feb 14, 2018 Feb 22, 2017

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,574,396 + 5,359 + 108,307

Reverse repurchase agreements11 280,170 + 11,770 - 145,359

Deposits (0) 2,509,914 - 39,331 - 19,207

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,215,339 - 40,628 - 27,817

U.S. Treasury, General Account 208,817 + 27,972 - 19,354

Foreign official 5,255 + 1 + 90

Other12 (0) 80,502 - 26,676 + 27,874

Deferred availability cash items (0) 309 + 86 - 440

Other liabilities and accrued dividends13 5,290 - 1,095 - 1,394

Total liabilities (0) 4,370,079 - 23,211 - 58,092

Capital accounts

Capital paid in 31,581 + 8 + 1,050

Surplus 10,000 0 0

Other capital accounts 0 0 0

Total capital 41,581 + 8 + 1,050

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, February 21, 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 1,934 56 49 194 132 278 196 308 39 52 114 205 311

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,348,288 84,720 2,448,467 112,270 126,095 254,767 255,955 182,908 57,983 33,905 61,668 174,074 555,475

Securities held outright1 4,205,755 81,944 2,368,226 108,591 121,963 246,418 247,566 176,889 56,083 32,790 59,647 168,369 537,269

U.S. Treasury securities 2,432,066 47,386 1,369,476 62,795 70,528 142,496 143,160 102,290 32,431 18,962 34,492 97,363 310,687

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

Notes and bonds3 2,432,066 47,386 1,369,476 62,795 70,528 142,496 143,160 102,290 32,431 18,962 34,492 97,363 310,687

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

Mortgage-backed securities4 1,769,298 34,472 996,277 45,683 51,308 103,664 104,147 74,414 23,593 13,794 25,093 70,830 226,021

Unamortized premiums on securities 

held outright5 156,605 3,051 88,183 4,043 4,541 9,176 9,218 6,587 2,088 1,221 2,221 6,269 20,006

Unamortized discounts on securities 

held outright5 -14,105 -275 -7,942 -364 -409 -826 -830 -593 -188 -110 -200 -565 -1,802

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

Loans 33 0 0 0 0 0 1 26 0 4 0 0 2

Net portfolio holdings of Maiden

Lane LLC7 1,710 0 1,710 0 0 0 0 0 0 0 0 0 0

Items in process of collection 130 0 0 0 0 0 129 0 0 1 0 0 0

Bank premises 2,203 113 446 73 121 198 204 203 109 87 236 221 192

Central bank liquidity swaps8 67 3 21 4 5 14 4 3 1 0 1 1 10

Foreign currency denominated

assets9 22,106 958 7,080 1,188 1,801 4,777 1,289 925 242 93 215 283 3,255

Other assets10 18,984 400 10,088 482 550 1,311 1,123 790 524 159 328 847 2,380

Interdistrict settlement account 0 - 7,426 + 18,628 - 5,938 - 9,285 - 8,682 + 9,054 + 43,724 - 2,418 + 1,311 + 7,110 - 4,271 - 41,807

Total assets 4,411,660 79,370 2,491,899 108,832 120,210 253,852 270,129 230,023 56,970 35,889 70,117 172,556 521,812

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, February 21, 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 1,762,293 56,932 598,298 54,004 83,499 118,975 243,500 115,057 52,314 30,860 47,597 140,160 221,097

Less: Notes held by F.R. Banks 187,897 7,107 48,146 6,976 10,060 15,260 26,229 13,134 5,747 3,696 6,285 18,348 26,907

Federal Reserve notes, net 1,574,396 49,825 550,152 47,028 73,438 103,715 217,272 101,923 46,566 27,164 41,312 121,812 194,189

Reverse repurchase agreements11 280,170 5,459 157,762 7,234 8,125 16,415 16,492 11,784 3,736 2,184 3,973 11,216 35,791

Deposits 2,509,914 22,142 1,768,755 51,930 35,079 124,188 33,464 114,239 5,902 5,999 24,269 38,745 285,202

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 2,215,339 22,135 1,533,621 51,928 35,076 123,970 33,455 55,058 5,895 5,999 24,267 38,742 285,195

U.S. Treasury, General Account 208,817 0 208,817 0 0 0 0 0 0 0 0 0 0

Foreign official 5,255 2 5,228 2 3 9 2 2 0 0 0 1 6

Other12 80,502 6 21,089 0 0 209 7 59,180 7 0 2 2 1

Deferred availability cash items 309 0 0 0 0 0 108 0 0 201 0 0 0

Earnings remittances due to the U.S.

Treasury13 933 16 506 20 28 30 83 30 20 9 17 56 118

Other liabilities and accrued

dividends 4,357 169 1,674 191 198 487 325 292 132 140 136 220 394

Total liabilities 4,370,079 77,610 2,478,848 106,403 116,868 244,835 267,743 228,267 56,356 35,698 69,707 172,050 515,694

Capital

Capital paid in 31,581 1,335 9,899 1,861 2,535 6,856 1,808 1,332 470 145 310 383 4,645

Surplus 10,000 426 3,152 568 807 2,160 578 424 144 46 99 124 1,472

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

Total liabilities and capital 4,411,660 79,370 2,491,899 108,832 120,210 253,852 270,129 230,023 56,970 35,889 70,117 172,556 521,812

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, February 21, 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 Feb 21, 2018

Federal Reserve notes outstanding 1,762,293

Less: Notes held by F.R. Banks not subject to collateralization 187,897

Federal Reserve notes to be collateralized 1,574,396

Collateral held against Federal Reserve notes 1,574,396

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,558,159

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,205,755

Less: Face value of securities under reverse repurchase agreements 281,683

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,924,072

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.