FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks January 25, 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 24, 2018 Jan 17, 2018 Jan 25, 2017

Wednesday

Jan 24, 2018

Reserve Bank credit 4,400,216 - 3,906 - 18,944 4,400,787

Securities held outright1 4,222,055 - 4,145 - 5,601 4,222,454

U.S. Treasury securities 2,447,009 - 857 - 16,469 2,447,009

Bills2 0 0 0 0

Notes and bonds, nominal2 2,320,301 + 1,355 - 21,905 2,320,301

Notes and bonds, inflation-indexed2 107,503 - 1,879 + 3,397 107,503

Inflation compensation3 19,205 - 333 + 2,040 19,205

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

Mortgage-backed securities4 1,770,655 - 3,287 + 22,657 1,771,054

Unamortized premiums on securities held outright5 158,055 - 400 - 13,750 157,925

Unamortized discounts on securities held outright5 -14,093 + 9 + 990 -14,082

Repurchase agreements6 0 0 0 0

Loans 65 + 17 + 54 54

Primary credit 61 + 15 + 53 48

Secondary credit 0 0 0 0

Seasonal credit 4 + 1 + 1 6

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,715 0 + 10 1,714

Float -170 + 79 + 202 -218

Central bank liquidity swaps8 72 - 46 - 414 72

Other Federal Reserve assets9 32,517 + 580 - 434 32,868

Foreign currency denominated assets10 21,832 + 177 + 1,975 22,071

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 49,424 + 14 + 830 49,424

Total factors supplying reserve funds 4,487,713 - 3,715 - 16,140 4,488,523

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 24, 2018 Jan 17, 2018 Jan 25, 2017

Wednesday

Jan 24, 2018

Currency in circulation11 1,607,691 - 2,955 + 107,350 1,606,672

Reverse repurchase agreements12 266,823 + 5,988 - 122,560 274,703

Foreign official and international accounts 240,215 + 2,595 - 12,045 238,332

Others 26,609 + 3,394 - 110,514 36,371

Treasury cash holdings 249 + 21 + 45 258

Deposits with F.R. Banks, other than reserve balances 354,115 + 33,323 - 95,812 377,424

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 269,118 + 41,453 - 121,724 275,963

Foreign official 5,253 0 + 74 5,254

Other13 79,744 - 8,129 + 25,838 96,208

Other liabilities and capital14 47,891 - 1,136 + 390 47,246

Total factors, other than reserve balances,

absorbing reserve funds 2,276,769 + 35,241 - 110,587 2,306,303

Reserve balances with Federal Reserve Banks 2,210,944 - 38,955 + 94,447 2,182,220

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 24, 2018 Jan 17, 2018 Jan 25, 2017

Wednesday

Jan 24, 2018

Securities held in custody for foreign official and international

accounts 3,351,878 - 3,660 + 181,257 3,353,807

Marketable U.S. Treasury securities1 3,011,536 - 3,503 + 156,704 3,013,396

Federal agency debt and mortgage-backed securities2 261,337 - 482 + 5,836 261,126

Other securities3 79,005 + 324 + 18,717 79,285

Securities lent to dealers 22,056 + 1,657 + 5,757 22,462

Overnight facility4 22,056 + 1,657 + 5,757 22,462

U.S. Treasury securities 22,056 + 1,657 + 5,804 22,462

Federal agency debt securities 0 0 - 47 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 24, 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 54 0 0 0 0 ... 54

U.S. Treasury securities1

Holdings 27,847 80,038 317,233 1,083,901 316,716 621,273 2,447,009

Weekly changes 0 0 0 0 0 0 0

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 1 179 26,902 1,743,973 1,771,054

Weekly changes 0 0 0 0 + 1 + 705 + 705

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

Central bank liquidity swaps5 72 0 0 0 0 0 72

Reverse repurchase agreements4 274,703 0 ... ... ... ... 274,703

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 24, 2018

Mortgage-backed securities held outright1 1,771,054

Commitments to buy mortgage-backed securities2 16,639

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 59

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 24, 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

Jan 24, 2018 Jan 17, 2018 Jan 25, 2017

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,923 + 7 - 15

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,366,351 + 365 - 14,323

Securities held outright1 4,222,454 + 705 - 1,782

U.S. Treasury securities 2,447,009 0 - 16,453

Bills2 0 0 0

Notes and bonds, nominal2 2,320,301 0 - 21,905

Notes and bonds, inflation-indexed2 107,503 0 + 3,397

Inflation compensation3 19,205 0 + 2,056

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

Mortgage-backed securities4 1,771,054 + 705 + 26,460

Unamortized premiums on securities held outright5 157,925 - 327 - 13,580

Unamortized discounts on securities held outright5 -14,082 + 31 + 989

Repurchase agreements6 0 0 0

Loans 54 - 44 + 50

Net portfolio holdings of Maiden Lane LLC7 1,714 - 1 + 7

Items in process of collection (0) 81 - 21 0

Bank premises 2,207 0 + 2

Central bank liquidity swaps8 72 - 46 - 393

Foreign currency denominated assets9 22,071 + 304 + 2,113

Other assets10 30,661 + 1,563 + 1,088

Total assets (0) 4,441,317 + 2,172 - 11,521

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 24, 2018 Jan 17, 2018 Jan 25, 2017

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,559,425 - 3,582 + 106,545

Reverse repurchase agreements11 274,703 + 13,944 - 86,861

Deposits (0) 2,559,645 - 7,353 - 32,091

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,182,220 - 52,232 + 45,208

U.S. Treasury, General Account 275,963 + 19,243 - 125,772

Foreign official 5,254 + 1 + 89

Other12 (0) 96,208 + 25,634 + 48,384

Deferred availability cash items (0) 299 + 52 - 297

Other liabilities and accrued dividends13 5,836 - 892 + 225

Total liabilities (0) 4,399,907 + 2,167 - 12,480

Capital accounts

Capital paid in 31,410 + 5 + 960

Surplus 10,000 0 0

Other capital accounts 0 0 0

Total capital 41,410 + 5 + 960

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 24, 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 1,923 54 48 191 146 271 199 306 36 50 112 202 306

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,366,351 85,073 2,458,627 112,736 126,619 255,824 257,016 183,691 58,224 34,043 61,924 174,796 557,779

Securities held outright1 4,222,454 82,269 2,377,630 109,022 122,447 247,396 248,549 177,591 56,305 32,920 59,884 169,037 539,403

U.S. Treasury securities 2,447,009 47,677 1,377,891 63,181 70,961 143,372 144,040 102,918 32,630 19,078 34,704 97,961 312,596

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

Notes and bonds3 2,447,009 47,677 1,377,891 63,181 70,961 143,372 144,040 102,918 32,630 19,078 34,704 97,961 312,596

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

Mortgage-backed securities4 1,771,054 34,507 997,266 45,728 51,359 103,767 104,251 74,488 23,617 13,808 25,118 70,901 226,246

Unamortized premiums on securities 

held outright5 157,925 3,077 88,926 4,078 4,580 9,253 9,296 6,642 2,106 1,231 2,240 6,322 20,174

Unamortized discounts on securities 

held outright5 -14,082 -274 -7,929 -364 -408 -825 -829 -592 -188 -110 -200 -564 -1,799

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

Loans 54 2 0 0 0 0 0 50 0 1 0 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 81 0 0 0 0 0 80 0 0 0 0 0 0

Bank premises 2,207 114 447 72 122 198 204 204 110 88 236 219 193

Central bank liquidity swaps8 72 3 23 4 6 16 4 3 1 0 1 1 11

Foreign currency denominated

assets9 22,071 957 7,069 1,187 1,798 4,769 1,287 924 241 93 214 282 3,250

Other assets10 30,661 643 16,759 787 900 2,003 1,820 1,282 499 254 510 1,324 3,881

Interdistrict settlement account 0 - 3,935 + 59,932 - 7,720 - 11,765 - 14,567 + 3,836 + 42,012 - 2,822 + 406 + 4,197 - 7,193 - 62,381

Total assets 4,441,317 83,455 2,550,029 107,815 118,614 249,702 266,623 229,583 56,779 35,216 67,639 170,829 505,034

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 24, 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 1,751,767 57,260 584,531 54,035 83,446 118,911 244,339 115,607 52,456 31,019 47,803 140,533 221,827

Less: Notes held by F.R. Banks 192,342 7,029 46,364 7,265 10,753 15,861 26,649 13,180 6,039 3,748 6,286 19,022 30,147

Federal Reserve notes, net 1,559,425 50,231 538,167 46,771 72,692 103,051 217,689 102,427 46,417 27,271 41,518 121,511 191,680

Reverse repurchase agreements11 274,703 5,352 154,683 7,093 7,966 16,095 16,170 11,554 3,663 2,142 3,896 10,997 35,092

Deposits 2,559,645 25,909 1,841,557 51,401 34,359 120,993 29,877 113,521 5,971 5,244 21,666 37,540 271,607

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 2,182,220 25,903 1,519,325 51,399 34,356 120,896 29,868 58,465 5,964 5,244 21,664 37,537 271,600

U.S. Treasury, General Account 275,963 0 275,963 0 0 0 0 0 0 0 0 0 0

Foreign official 5,254 2 5,226 2 3 9 2 2 0 0 0 1 6

Other12 96,208 4 41,043 0 0 89 7 55,055 6 0 1 2 1

Deferred availability cash items 299 0 0 0 0 0 68 0 0 231 0 0 0

Earnings remittances due to the U.S.

Treasury13 1,500 39 764 20 69 143 131 50 6 7 3 64 203

Other liabilities and accrued

dividends 4,336 163 1,805 180 186 478 303 276 124 131 146 205 338

Total liabilities 4,399,907 81,694 2,536,976 105,464 115,273 240,761 264,238 227,828 56,181 35,026 67,229 170,317 498,921

Capital

Capital paid in 31,410 1,335 9,901 1,783 2,534 6,781 1,807 1,331 455 144 311 388 4,641

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 4,441,317 83,455 2,550,029 107,815 118,614 249,702 266,623 229,583 56,779 35,216 67,639 170,829 505,034

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 24, 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 24, 2018

Federal Reserve notes outstanding 1,751,767

Less: Notes held by F.R. Banks not subject to collateralization 192,342

Federal Reserve notes to be collateralized 1,559,425

Collateral held against Federal Reserve notes 1,559,425

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,543,188

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,222,454

Less: Face value of securities under reverse repurchase agreements 274,003

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,948,451

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.