FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks February 2, 2017

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 1, 2017 Jan 25, 2017 Feb 3, 2016

Wednesday

Feb 1, 2017

Reserve Bank credit 4,415,089 - 4,071 - 29,797 4,415,304

Securities held outright1 4,224,237 - 3,419 - 12,561 4,224,242

U.S. Treasury securities 2,463,436 - 42 + 2,135 2,463,426

Bills2 0 0 0 0

Notes and bonds, nominal2 2,341,971 - 235 - 4,668 2,341,382

Notes and bonds, inflation-indexed2 104,342 + 236 + 5,808 104,930

Inflation compensation3 17,123 - 42 + 994 17,114

Federal agency debt securities2 16,180 0 - 15,138 16,180

Mortgage-backed securities4 1,744,621 - 3,377 + 442 1,744,636

Unamortized premiums on securities held outright5 171,314 - 491 - 16,478 171,203

Unamortized discounts on securities held outright5 -15,060 + 23 + 1,360 -15,070

Repurchase agreements6 0 0 0 0

Loans 17 + 6 - 56 10

Primary credit 14 + 6 - 51 10

Secondary credit 0 0 0 0

Seasonal credit 3 0 - 5 0

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 1,707 + 2 - 15 1,705

Float -621 - 249 - 544 -311

Central bank liquidity swaps8 392 - 94 + 301 392

Other Federal Reserve assets9 33,104 + 153 - 1,802 33,132

Foreign currency denominated assets10 19,875 + 18 + 169 19,996

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 48,604 + 14 + 988 48,604

Total factors supplying reserve funds 4,499,809 - 4,040 - 28,640 4,500,145

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 1, 2017 Jan 25, 2017 Feb 3, 2016

Wednesday

Feb 1, 2017

Currency in circulation11 1,498,390 - 1,947 + 84,674 1,500,147

Reverse repurchase agreements12 371,717 - 17,666 + 50,088 391,779

Foreign official and international accounts 252,232 - 28 + 20,082 258,049

Others 119,485 - 17,638 + 30,007 133,730

Treasury cash holdings 219 + 15 - 45 232

Deposits with F.R. Banks, other than reserve balances 427,523 - 22,404 + 56,025 389,212

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 374,841 - 16,001 + 23,983 339,229

Foreign official 5,189 + 10 - 87 5,335

Other13 47,492 - 6,414 + 32,128 44,648

Other liabilities and capital14 46,835 - 666 + 463 46,681

Total factors, other than reserve balances,

absorbing reserve funds 2,344,683 - 42,668 + 191,204 2,328,052

Reserve balances with Federal Reserve Banks 2,155,126 + 38,629 - 219,845 2,172,093

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

Feb 1, 2017 Jan 25, 2017 Feb 3, 2016

Wednesday

Feb 1, 2017

Securities held in custody for foreign official and international

accounts 3,165,307 - 5,314 - 108,206 3,157,236

Marketable U.S. Treasury securities1 2,847,471 - 7,361 - 114,758 2,839,144

Federal agency debt and mortgage-backed securities2 256,035 + 534 - 7,379 255,859

Other securities3 61,801 + 1,513 + 13,931 62,233

Securities lent to dealers 15,303 - 996 - 185 18,314

Overnight facility4 15,303 - 996 - 185 18,314

U.S. Treasury securities 15,248 - 1,004 - 173 18,267

Federal agency debt securities 55 + 8 - 13 47

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 1, 2017

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 10 0 0 0 0 ... 10

U.S. Treasury securities1

Holdings 7,159 41,249 167,127 1,210,166 407,659 630,067 2,463,426

Weekly changes - 197 + 6,899 + 13,788 - 23,097 + 2,593 - 21 - 36

Federal agency debt securities2

Holdings 2,851 1,500 7,438 2,044 0 2,347 16,180

Weekly changes + 2,851 - 2,851 0 0 0 0 0

Mortgage-backed securities3

Holdings 0 0 0 120 10,613 1,733,903 1,744,636

Weekly changes 0 0 0 0 0 + 43 + 42

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

Central bank liquidity swaps5 392 0 0 0 0 0 392

Reverse repurchase agreements4 391,779 0 ... ... ... ... 391,779

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 1, 2017

Mortgage-backed securities held outright1 1,744,636

Commitments to buy mortgage-backed securities2 40,511

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 1

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 1, 2017

Net portfolio holdings of Maiden Lane LLC1 1,705

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 December 31, 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

Feb 1, 2017 Jan 25, 2017 Feb 3, 2016

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,951 + 13 - 48

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,380,385 - 289 - 27,636

Securities held outright1 4,224,242 + 6 - 12,524

U.S. Treasury securities 2,463,426 - 36 + 2,157

Bills2 0 0 0

Notes and bonds, nominal2 2,341,382 - 824 - 5,257

Notes and bonds, inflation-indexed2 104,930 + 824 + 6,396

Inflation compensation3 17,114 - 35 + 1,017

Federal agency debt securities2 16,180 0 - 15,138

Mortgage-backed securities4 1,744,636 + 42 + 457

Unamortized premiums on securities held outright5 171,203 - 302 - 16,453

Unamortized discounts on securities held outright5 -15,070 + 1 + 1,341

Repurchase agreements6 0 0 0

Loans 10 + 6 0

Net portfolio holdings of Maiden Lane LLC7 1,705 - 2 - 17

Items in process of collection (0) 82 + 1 - 109

Bank premises 2,197 - 8 - 33

Central bank liquidity swaps8 392 - 73 + 301

Foreign currency denominated assets9 19,996 + 38 - 5

Other assets10 30,935 + 1,362 - 2,067

Total assets (0) 4,453,881 + 1,043 - 29,614

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 1, 2017 Jan 25, 2017 Feb 3, 2016

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,453,722 + 842 + 83,468

Reverse repurchase agreements11 391,779 + 30,215 + 99,508

Deposits (0) 2,561,305 - 30,431 - 213,079

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 2,172,093 + 35,081 - 269,183

U.S. Treasury, General Account 339,229 - 62,506 + 26,596

Foreign official 5,335 + 170 - 204

Other12 (0) 44,648 - 3,176 + 29,712

Deferred availability cash items (0) 393 - 203 + 195

Other liabilities and accrued dividends13 6,226 + 615 - 655

Total liabilities (0) 4,413,426 + 1,039 - 30,563

Capital accounts

Capital paid in 30,455 + 5 + 949

Surplus 10,000 0 0

Other capital accounts 0 0 0

Total capital 40,455 + 5 + 949

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, February 1, 2017

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 1,951 53 77 164 138 311 200 290 33 54 119 200 314

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,380,385 107,605 2,492,727 118,937 131,185 267,701 245,166 174,536 55,284 32,295 60,963 155,918 538,068

Securities held outright1 4,224,242 103,770 2,403,877 114,697 126,509 258,159 236,427 168,314 53,313 31,143 58,790 150,361 518,880

U.S. Treasury securities 2,463,426 60,515 1,401,855 66,887 73,775 150,549 137,876 98,155 31,090 18,162 34,284 87,685 302,592

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

Notes and bonds3 2,463,426 60,515 1,401,855 66,887 73,775 150,549 137,876 98,155 31,090 18,162 34,284 87,685 302,592

Federal agency debt securities2 16,180 397 9,208 439 485 989 906 645 204 119 225 576 1,987

Mortgage-backed securities4 1,744,636 42,857 992,815 47,371 52,249 106,621 97,646 69,515 22,019 12,862 24,281 62,100 214,300

Unamortized premiums on securities 

held outright5 171,203 4,206 97,426 4,649 5,127 10,463 9,582 6,822 2,161 1,262 2,383 6,094 21,030

Unamortized discounts on securities 

held outright5 -15,070 -370 -8,576 -409 -451 -921 -843 -600 -190 -111 -210 -536 -1,851

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

Loans 10 0 0 0 0 0 0 0 0 0 0 0 10

Net portfolio holdings of Maiden

Lane LLC7 1,705 0 1,705 0 0 0 0 0 0 0 0 0 0

Items in process of collection 82 0 0 0 0 0 82 0 0 0 0 0 0

Bank premises 2,197 118 436 72 107 202 205 200 113 89 238 222 195

Central bank liquidity swaps8 392 17 129 22 30 87 22 11 4 2 4 5 60

Foreign currency denominated

assets9 19,996 884 6,599 1,100 1,523 4,459 1,110 536 205 86 200 254 3,042

Other assets10 30,935 802 17,137 848 937 2,066 1,759 1,240 491 252 491 1,110 3,802

Interdistrict settlement account 0 - 25,383 + 17,758 - 6,505 - 12,051 - 9,703 + 12,400 + 13,797 + 4,193 + 2,422 + 3,287 + 18,685 - 18,901

Total assets 4,453,881 84,647 2,541,975 115,206 122,692 266,295 263,139 191,786 60,833 35,482 65,751 177,551 528,525

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 1, 2017 (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 1,647,118 54,438 534,128 52,173 81,162 119,189 225,089 109,970 49,247 28,808 46,321 136,466 210,125

Less: Notes held by F.R. Banks 193,395 6,380 51,011 7,139 9,863 14,991 28,368 12,973 5,785 3,252 6,167 17,653 29,813

Federal Reserve notes, net 1,453,722 48,058 483,117 45,034 71,299 104,198 196,720 96,997 43,463 25,556 40,153 118,814 180,312

Reverse repurchase agreements11 391,779 9,624 222,949 10,638 11,733 23,943 21,928 15,610 4,945 2,888 5,453 13,945 48,124

Deposits 2,561,305 25,012 1,819,970 57,131 36,134 128,805 41,639 77,208 11,829 6,408 19,599 44,008 293,562

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 2,172,093 25,003 1,446,580 57,129 36,131 128,736 41,630 61,511 11,809 6,407 19,598 44,006 293,554

U.S. Treasury, General Account 339,229 0 339,229 0 0 0 0 0 0 0 0 0 0

Foreign official 5,335 2 5,309 2 3 9 2 1 0 0 0 1 6

Other12 44,648 7 28,852 0 0 60 7 15,696 20 0 1 2 2

Deferred availability cash items 393 0 0 0 0 0 83 0 0 311 0 0 0

Earnings remittances due to the U.S.

Treasury13 1,214 48 425 48 50 146 113 24 24 24 34 67 209

Other liabilities and accrued

dividends 5,012 151 2,563 180 181 454 298 254 130 124 117 199 361

Total liabilities 4,413,426 82,893 2,529,024 113,031 119,398 257,546 260,781 190,093 60,391 35,311 65,356 177,034 522,568

Capital

Capital paid in 30,455 1,320 9,749 1,637 2,479 6,588 1,774 1,274 333 129 297 389 4,485

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 4,453,881 84,647 2,541,975 115,206 122,692 266,295 263,139 191,786 60,833 35,482 65,751 177,551 528,525

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 1, 2017 (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 Feb 1, 2017

Federal Reserve notes outstanding 1,647,118

Less: Notes held by F.R. Banks not subject to collateralization 193,395

Federal Reserve notes to be collateralized 1,453,722

Collateral held against Federal Reserve notes 1,453,722

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,437,485

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,224,242

Less: Face value of securities under reverse repurchase agreements 378,568

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,845,674

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.