FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks November 15, 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

Nov 14, 2018 Nov 7, 2018 Nov 15, 2017

Wednesday

Nov 14, 2018

Reserve Bank credit 4,104,949 + 2,840 - 317,783 4,107,000

Securities held outright1 3,942,330 + 510 - 299,004 3,943,654

U.S. Treasury securities 2,270,409 - 13 - 189,176 2,270,420

Bills2 0 - 53 0 0

Notes and bonds, nominal2 2,132,762 0 - 197,939 2,132,762

Notes and bonds, inflation-indexed2 115,579 0 + 6,042 115,579

Inflation compensation3 22,068 + 39 + 2,720 22,080

Federal agency debt securities2 2,409 0 - 4,348 2,409

Mortgage-backed securities4 1,669,512 + 523 - 105,479 1,670,825

Unamortized premiums on securities held outright5 142,854 - 227 - 18,198 142,788

Unamortized discounts on securities held outright5 -13,489 + 32 + 778 -13,480

Repurchase agreements6 0 0 - 37 0

Loans 95 - 6 + 27 176

Primary credit 20 + 10 + 1 110

Secondary credit 0 0 0 0

Seasonal credit 75 - 16 + 26 66

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 7 0 - 1,705 7

Float -171 - 25 + 61 -248

Central bank liquidity swaps8 47 - 33 + 12 47

Other Federal Reserve assets9 33,276 + 2,589 + 283 34,056

Foreign currency denominated assets10 20,543 - 135 - 444 20,530

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 49,857 + 14 + 578 49,857

Total factors supplying reserve funds 4,191,590 + 2,718 - 317,649 4,193,628

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

1. Factors Affecting Reserve Balances of Depository Institutions (continued)

Millions of dollars

Averages of daily figures

Change from week ended

Reserve Bank credit, related items, and

reserve balances of depository institutions at

Federal Reserve Banks

Week ended

Nov 14, 2018 Nov 7, 2018 Nov 15, 2017

Wednesday

Nov 14, 2018

Currency in circulation11 1,701,066 + 4,329 + 109,800 1,702,792

Reverse repurchase agreements12 225,052 - 3,575 - 37,375 220,111

Foreign official and international accounts 224,410 - 2,067 + 284 219,451

Others 642 - 1,508 - 37,659 660

Treasury cash holdings 229 - 3 + 8 220

Deposits with F.R. Banks, other than reserve balances 418,936 + 26,995 + 148,688 426,447

Term deposits held by depository institutions 0 0 0 0

U.S. Treasury, General Account 341,094 + 21,110 + 166,463 328,686

Foreign official 5,258 + 2 0 5,256

Other13 72,584 + 5,884 - 17,776 92,505

Other liabilities and capital14 44,926 - 277 - 3,896 44,530

Total factors, other than reserve balances,

absorbing reserve funds 2,390,207 + 27,466 + 217,223 2,394,100

Reserve balances with Federal Reserve Banks 1,801,383 - 24,748 - 534,872 1,799,528

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

Nov 14, 2018 Nov 7, 2018 Nov 15, 2017

Wednesday

Nov 14, 2018

Securities held in custody for foreign official and international

accounts 3,420,139 + 5,045 + 51,031 3,420,662

Marketable U.S. Treasury securities1 3,046,991 + 4,291 + 6,545 3,045,815

Federal agency debt and mortgage-backed securities2 306,637 + 599 + 44,382 308,204

Other securities3 66,511 + 155 + 104 66,643

Securities lent to dealers 15,928 - 2,682 - 5,269 16,268

Overnight facility4 15,928 - 2,682 - 5,269 16,268

U.S. Treasury securities 15,928 - 2,682 - 5,269 16,268

Federal agency debt securities 0 0 0 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, November 14, 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 116 60 0 0 0 ... 176

U.S. Treasury securities1

Holdings 34,304 59,403 310,003 993,899 255,606 617,206 2,270,420

Weekly changes - 53 + 1 0 + 8,521 - 8,502 + 18 - 16

Federal agency debt securities2

Holdings 0 0 62 0 0 2,347 2,409

Weekly changes 0 0 0 0 0 0 0

Mortgage-backed securities3

Holdings 0 0 2 202 62,179 1,608,441 1,670,825

Weekly changes 0 0 0 0 0 + 1,836 + 1,836

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

Central bank liquidity swaps5 47 0 0 0 0 0 47

Reverse repurchase agreements4 220,111 0 ... ... ... ... 220,111

Term deposits 0 0 0 ... ... ... 0

Note: Components may not sum to totals because of rounding.

...Not applicable.

1. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the

original face value of such securities.

2. Face value.

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

4. Cash value of agreements.

5. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to

the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign

central bank.
H.4.1

3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Wednesday Account name Nov 14, 2018

Mortgage-backed securities held outright1 1,670,825

Commitments to buy mortgage-backed securities2 1,173

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 Nov 14, 2018

Net portfolio holdings of Maiden Lane LLC1 7

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.

2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York’s statement of condition consistent with

consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 6.

3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in

table 5 and table 6.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3) of

the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets through time

to maximize repayment of the credit extended and to minimize disruption to financial markets. The remaining outstanding balances of the senior loan

from FRBNY to Maiden Lane LLC, and the subordinated loan from JPMorgan Chase & Co. to Maiden Lane LLC were repaid in full, with interest.
H.4.1

5. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Nov 14, 2018 Nov 7, 2018 Nov 15, 2017

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,721 - 12 - 134

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,073,138 + 1,701 - 312,914

Securities held outright1 3,943,654 + 1,820 - 295,598

U.S. Treasury securities 2,270,420 - 16 - 186,221

Bills2 0 - 53 0

Notes and bonds, nominal2 2,132,762 0 - 194,936

Notes and bonds, inflation-indexed2 115,579 0 + 6,042

Inflation compensation3 22,080 + 37 + 2,674

Federal agency debt securities2 2,409 0 - 4,348

Mortgage-backed securities4 1,670,825 + 1,836 - 105,029

Unamortized premiums on securities held outright5 142,788 - 222 - 18,244

Unamortized discounts on securities held outright5 -13,480 + 30 + 804

Repurchase agreements6 0 0 0

Loans 176 + 73 + 125

Net portfolio holdings of Maiden Lane LLC7 7 0 - 1,703

Items in process of collection (0) 156 + 22 + 85

Bank premises 2,189 + 3 - 15

Central bank liquidity swaps8 47 - 32 + 12

Foreign currency denominated assets9 20,530 - 187 - 592

Other assets10 31,867 + 2,463 + 12,864

Total assets (0) 4,145,892 + 3,956 - 302,397

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

5. Consolidated Statement of Condition of All Federal Reserve Banks (continued)

Millions of dollars

Change since

Assets, liabilities, and capital Wednesday Wednesday Eliminations from

consolidation

Wednesday

Nov 14, 2018 Nov 7, 2018 Nov 15, 2017

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,654,871 + 3,621 + 109,031

Reverse repurchase agreements11 220,111 - 10,727 - 43,338

Deposits (0) 2,225,976 + 11,742 - 364,913

Term deposits held by depository institutions 0 0 0

Other deposits held by depository institutions 1,799,529 - 29,296 - 558,277

U.S. Treasury, General Account 328,686 + 12,529 + 180,521

Foreign official 5,256 - 1 - 112

Other12 (0) 92,505 + 28,510 + 12,956

Deferred availability cash items (0) 404 + 137 + 17

Other liabilities and accrued dividends13 5,406 - 826 - 1,080

Total liabilities (0) 4,106,768 + 3,946 - 300,283

Capital accounts

Capital paid in 32,299 + 10 + 1,061

Surplus 6,825 0 - 3,175

Other capital accounts 0 0 0

Total capital 39,124 + 10 - 2,114

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, November 14, 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 11,037 364 3,626 350 544 773 1,491 739 334 199 307 905 1,405

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

Coin 1,721 43 38 153 118 234 177 288 28 44 107 196 293

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,073,138 77,790 2,248,698 102,834 115,470 241,022 244,491 218,153 54,239 34,016 64,126 168,416 503,884

Securities held outright1 3,943,654 75,320 2,177,203 99,569 111,804 233,370 236,725 211,214 52,503 32,910 62,082 163,069 487,886

U.S. Treasury securities 2,270,420 43,363 1,253,448 57,323 64,367 134,355 136,286 121,599 30,227 18,947 35,742 93,881 280,883

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

Notes and bonds3 2,270,420 43,363 1,253,448 57,323 64,367 134,355 136,286 121,599 30,227 18,947 35,742 93,881 280,883

Federal agency debt securities2 2,409 46 1,330 61 68 143 145 129 32 20 38 100 298

Mortgage-backed securities4 1,670,825 31,911 922,425 42,185 47,368 98,873 100,294 89,486 22,244 13,943 26,303 69,088 206,705

Unamortized premiums on securities 

held outright5 142,788 2,727 78,830 3,605 4,048 8,450 8,571 7,647 1,901 1,192 2,248 5,904 17,665

Unamortized discounts on securities 

held outright5 -13,480 -257 -7,442 -340 -382 -798 -809 -722 -179 -112 -212 -557 -1,668

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

Loans 176 1 107 0 0 0 4 14 14 28 8 0 1

Net portfolio holdings of Maiden

Lane LLC7 7 0 7 0 0 0 0 0 0 0 0 0 0

Items in process of collection 156 0 1 0 0 0 154 0 0 1 0 0 0

Bank premises 2,189 108 448 80 117 195 206 195 106 95 233 219 188

Central bank liquidity swaps8 47 2 15 3 4 10 3 2 1 0 0 1 7

Foreign currency denominated

assets9 20,530 874 6,473 1,166 1,657 4,435 1,186 870 296 94 203 254 3,021

Other assets10 31,867 646 17,111 798 917 2,108 1,910 1,676 520 344 575 1,363 3,899

Interdistrict settlement account 0 + 5,881 - 31,683 - 8,723 + 8,254 - 13,472 + 31,746 - 1,659 + 4,880 + 2,719 - 4,757 + 9,927 - 3,115

Total assets 4,145,892 85,903 2,246,552 96,871 127,318 235,717 282,019 220,688 60,554 37,602 60,948 181,564 510,156

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

6. Statement of Condition of Each Federal Reserve Bank, November 14, 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 1,854,013 58,317 615,797 54,768 88,846 125,674 262,592 120,897 55,695 31,393 49,784 150,591 239,660

Less: Notes held by F.R. Banks 199,142 6,123 60,139 7,211 9,166 14,167 29,397 12,804 5,523 2,846 5,769 17,397 28,598

Federal Reserve notes, net 1,654,871 52,194 555,658 47,557 79,680 111,507 233,194 108,093 50,172 28,546 44,014 133,194 211,062

Reverse repurchase agreements11 220,111 4,204 121,518 5,557 6,240 13,025 13,213 11,789 2,930 1,837 3,465 9,102 27,231

Deposits 2,225,976 27,676 1,554,798 41,280 38,027 102,245 32,761 98,823 6,693 6,637 12,909 38,509 265,619

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 1,799,529 27,660 1,175,261 41,278 37,999 101,765 32,723 52,672 6,685 6,584 12,892 38,398 265,611

U.S. Treasury, General Account 328,686 0 328,686 0 0 0 0 0 0 0 0 0 0

Foreign official 5,256 2 5,229 2 3 9 2 2 1 0 0 0 6

Other12 92,505 14 45,622 1 25 471 36 46,149 7 52 16 110 2

Deferred availability cash items 404 0 0 0 0 0 162 0 0 242 0 0 0

Earnings remittances due to the U.S.

Treasury13 1,073 16 587 21 26 34 96 58 19 13 22 65 117

Other liabilities and accrued

dividends 4,333 180 1,549 200 213 541 318 288 147 151 157 212 377

Total liabilities 4,106,768 84,270 2,234,111 94,616 124,186 227,351 279,744 219,050 59,962 37,425 60,567 181,081 504,406

Capital

Capital paid in 32,299 1,343 10,290 1,868 2,581 6,891 1,880 1,349 493 146 313 398 4,746

Surplus 6,825 290 2,151 388 551 1,474 394 289 98 31 68 84 1,005

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

Total liabilities and capital 4,145,892 85,903 2,246,552 96,871 127,318 235,717 282,019 220,688 60,554 37,602 60,948 181,564 510,156

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.
H.4.1

6. Statement of Condition of Each Federal Reserve Bank, November 14, 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 $6.825 billion surplus.

Note on consolidation:

On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended a loan to Maiden Lane LLC (ML) under the authority of section 13(3) of the Federal Reserve Act. ML was formed to acquire certain

assets of Bear Stearns. On June 14, 2012, the remaining outstanding balance of the senior loan from FRBNY to ML was repaid in full, with interest. On November 15, 2012, the remaining outstanding balance of

the subordinated loan from JPMorgan Chase & Co. to ML was repaid in full, with interest. FRBNY was the primary beneficiary of ML because it received any residual returns and could have absorbed any

residual losses should they have occurred. Consistent with generally accepted accounting principles, the assets and liabilities of ML were consolidated with the assets and liabilities of FRBNY in the preparation

of the statements of condition shown on this release. As a consequence of the consolidation, the extension of credit from FRBNY to ML was eliminated, the net assets of ML appeared as assets on the previous

page (and in table 1 and table 5), and the liabilities of ML to entities other than FRBNY, including those with recourse only to the ML portfolio holdings, were included in other liabilities in this table (and table 1

and table 5).
H.4.1

7. Collateral Held against Federal Reserve Notes: Federal Reserve Agents’ Accounts

Millions of dollars

Wednesday Federal Reserve notes and collateral Nov 14, 2018

Federal Reserve notes outstanding 1,854,013

Less: Notes held by F.R. Banks not subject to collateralization 199,142

Federal Reserve notes to be collateralized 1,654,871

Collateral held against Federal Reserve notes 1,654,871

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,638,634

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 3,943,654

Less: Face value of securities under reverse repurchase agreements 218,650

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,725,004

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.