FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks October 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

Oct 24, 2018 Oct 17, 2018 Oct 25, 2017

Wednesday

Oct 24, 2018

Reserve Bank credit 4,136,629 - 2,589 - 290,991 4,134,059

Securities held outright1 3,976,229 - 3,178 - 271,424 3,973,580

U.S. Treasury securities 2,294,215 - 23 - 171,481 2,294,215

Bills2 60 - 40 + 60 53

Notes and bonds, nominal2 2,156,595 0 - 180,731 2,156,595

Notes and bonds, inflation-indexed2 115,579 0 + 6,167 115,579

Inflation compensation3 21,982 + 18 + 3,025 21,988

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

Mortgage-backed securities4 1,679,605 - 3,155 - 95,595 1,676,956

Unamortized premiums on securities held outright5 143,925 - 387 - 17,825 143,722

Unamortized discounts on securities held outright5 -13,583 + 30 + 763 -13,572

Repurchase agreements6 0 0 0 0

Loans 202 + 10 + 58 234

Primary credit 16 + 8 + 10 48

Secondary credit 0 0 0 0

Seasonal credit 186 + 2 + 49 186

Other credit extensions 0 0 0 0

Net portfolio holdings of Maiden Lane LLC7 7 0 - 1,699 7

Float -143 + 87 + 109 -203

Central bank liquidity swaps8 80 - 9 + 43 80

Other Federal Reserve assets9 29,911 + 857 - 1,018 30,211

Foreign currency denominated assets10 20,808 - 121 - 281 20,698

Gold stock 11,041 0 0 11,041

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

Treasury currency outstanding11 49,815 + 14 + 586 49,815

Total factors supplying reserve funds 4,223,494 - 2,695 - 290,685 4,220,813

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

Oct 24, 2018 Oct 17, 2018 Oct 25, 2017

Wednesday

Oct 24, 2018

Currency in circulation11 1,689,831 - 1,401 + 106,248 1,690,508

Reverse repurchase agreements12 227,887 + 8,633 - 108,731 225,937

Foreign official and international accounts 222,724 + 4,313 - 9,666 219,493

Others 5,162 + 4,319 - 99,066 6,444

Treasury cash holdings 230 + 3 + 14 230

Deposits with F.R. Banks, other than reserve balances 442,539 + 25,617 + 140,885 434,191

Term deposits held by depository institutions 0 0 - 14,140 0

U.S. Treasury, General Account 369,576 + 36,653 + 173,244 360,681

Foreign official 5,256 0 + 48 5,256

Other13 67,707 - 11,036 - 18,266 68,254

Other liabilities and capital14 45,398 + 378 - 2,880 44,938

Total factors, other than reserve balances,

absorbing reserve funds 2,405,885 + 33,230 + 135,538 2,395,804

Reserve balances with Federal Reserve Banks 1,817,608 - 35,925 - 426,224 1,825,009

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

Oct 24, 2018 Oct 17, 2018 Oct 25, 2017

Wednesday

Oct 24, 2018

Securities held in custody for foreign official and international

accounts 3,434,257 + 880 + 69,472 3,427,918

Marketable U.S. Treasury securities1 3,060,660 + 1,845 + 22,228 3,055,616

Federal agency debt and mortgage-backed securities2 307,060 - 516 + 45,281 305,631

Other securities3 66,537 - 449 + 1,963 66,672

Securities lent to dealers 15,375 - 1,603 - 8,684 16,125

Overnight facility4 15,375 - 1,603 - 8,684 16,125

U.S. Treasury securities 15,375 - 1,603 - 8,684 16,125

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, October 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 227 7 0 0 0 ... 234

U.S. Treasury securities1

Holdings 23,886 79,515 308,510 999,360 265,781 617,162 2,294,215

Weekly changes + 53 - 100 0 + 3 + 6 + 8 - 30

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 2 194 49,483 1,627,276 1,676,956

Weekly changes 0 0 0 0 0 - 3,153 - 3,153

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

Central bank liquidity swaps5 80 0 0 0 0 0 80

Reverse repurchase agreements4 225,937 0 ... ... ... ... 225,937

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 Oct 24, 2018

Mortgage-backed securities held outright1 1,676,956

Commitments to buy mortgage-backed securities2 2,862

Commitments to sell mortgage-backed securities2 0

Cash and cash equivalents3 3

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 Oct 24, 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

Oct 24, 2018 Oct 17, 2018 Oct 25, 2017

Assets

Gold certificate account 11,037 0 0

Special drawing rights certificate account 5,200 0 0

Coin 1,746 - 1 - 93

Securities, unamortized premiums and discounts,

repurchase agreements, and loans 4,103,964 - 3,543 - 286,440

Securities held outright1 3,973,580 - 3,183 - 269,468

U.S. Treasury securities 2,294,215 - 30 - 171,512

Bills2 53 - 47 + 53

Notes and bonds, nominal2 2,156,595 0 - 180,731

Notes and bonds, inflation-indexed2 115,579 0 + 6,167

Inflation compensation3 21,988 + 17 + 2,999

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

Mortgage-backed securities4 1,676,956 - 3,153 - 93,607

Unamortized premiums on securities held outright5 143,722 - 415 - 17,818

Unamortized discounts on securities held outright5 -13,572 + 30 + 761

Repurchase agreements6 0 0 0

Loans 234 + 25 + 85

Net portfolio holdings of Maiden Lane LLC7 7 0 - 1,704

Items in process of collection (0) 126 - 20 + 72

Bank premises 2,188 + 2 - 13

Central bank liquidity swaps8 80 - 9 + 43

Foreign currency denominated assets9 20,698 - 191 - 396

Other assets10 28,023 + 1,385 + 484

Total assets (0) 4,173,070 - 2,376 - 288,047

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

Oct 24, 2018 Oct 17, 2018 Oct 25, 2017

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 1,642,665 - 986 + 105,789

Reverse repurchase agreements11 225,937 + 5,560 - 121,966

Deposits (0) 2,259,200 - 7,517 - 269,319

Term deposits held by depository institutions 0 0 - 14,140

Other deposits held by depository institutions 1,825,010 - 6,608 - 416,608

U.S. Treasury, General Account 360,681 + 43 + 175,589

Foreign official 5,256 0 + 90

Other12 (0) 68,254 - 950 - 14,249

Deferred availability cash items (0) 329 + 10 + 11

Other liabilities and accrued dividends13 5,843 + 597 - 432

Total liabilities (0) 4,133,976 - 2,333 - 285,915

Capital accounts

Capital paid in 32,269 - 43 + 1,042

Surplus 6,825 0 - 3,175

Other capital accounts 0 0 0

Total capital 39,094 - 43 - 2,133

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, October 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 11,037 364 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 1,746 46 38 158 118 238 184 289 30 44 108 200 293

Securities, unamortized premiums and

discounts, repurchase agreements,

and loans 4,103,964 78,378 2,265,585 103,611 116,342 242,844 246,353 219,798 54,721 34,310 64,613 169,688 507,721

Securities held outright1 3,973,580 75,891 2,193,724 100,325 112,652 235,141 238,521 212,816 52,901 33,159 62,554 164,307 491,588

U.S. Treasury securities 2,294,215 43,817 1,266,584 57,924 65,042 135,763 137,714 122,873 30,544 19,145 36,116 94,865 283,827

Bills2 53 1 29 1 2 3 3 3 1 0 1 2 7

Notes and bonds3 2,294,162 43,816 1,266,555 57,923 65,040 135,760 137,711 122,870 30,543 19,145 36,116 94,863 283,820

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

Mortgage-backed securities4 1,676,956 32,028 925,810 42,340 47,542 99,236 100,662 89,814 22,326 13,994 26,399 69,342 207,463

Unamortized premiums on securities 

held outright5 143,722 2,745 79,346 3,629 4,075 8,505 8,627 7,697 1,913 1,199 2,263 5,943 17,780

Unamortized discounts on securities 

held outright5 -13,572 -259 -7,493 -343 -385 -803 -815 -727 -181 -113 -214 -561 -1,679

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

Loans 234 1 8 0 0 1 19 11 86 65 11 0 31

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 126 0 0 0 0 0 126 0 0 0 0 0 0

Bank premises 2,188 109 446 79 117 195 205 196 106 95 233 219 188

Central bank liquidity swaps8 80 3 25 5 6 17 5 3 1 0 1 1 12

Foreign currency denominated

assets9 20,698 881 6,526 1,176 1,670 4,471 1,196 877 299 95 205 256 3,046

Other assets10 28,023 572 14,998 702 805 1,858 1,681 1,472 449 283 508 1,268 3,428

Interdistrict settlement account 0 + 2,323 + 21,803 - 8,081 + 5,735 - 1,003 + 28,414 - 4,436 + 2,467 - 406 - 6,018 + 5,081 - 45,879

Total assets 4,173,070 82,872 2,314,872 98,210 125,575 249,805 280,308 219,363 58,557 34,711 60,111 177,900 470,787

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, October 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 1,847,709 58,428 613,429 54,527 88,600 125,808 263,661 120,455 55,576 30,485 49,703 150,155 236,880

Less: Notes held by F.R. Banks 205,043 6,647 56,876 7,481 9,954 14,900 31,601 13,555 5,788 3,176 6,141 17,991 30,933

Federal Reserve notes, net 1,642,665 51,780 556,554 47,046 78,646 110,908 232,060 106,900 49,788 27,309 43,562 132,164 205,948

Reverse repurchase agreements11 225,937 4,315 124,735 5,704 6,405 13,370 13,562 12,101 3,008 1,885 3,557 9,342 27,952

Deposits 2,259,200 24,941 1,618,698 42,971 37,153 116,586 31,883 98,348 5,015 4,973 12,432 35,630 230,570

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 1,825,010 24,910 1,229,884 42,968 37,105 116,069 31,848 53,803 5,008 4,921 12,419 35,512 230,562

U.S. Treasury, General Account 360,681 0 360,681 0 0 0 0 0 0 0 0 0 0

Foreign official 5,256 2 5,228 2 3 9 2 2 1 0 0 0 6

Other12 68,254 30 22,906 1 44 508 33 44,543 6 52 13 118 2

Deferred availability cash items 329 0 0 0 0 0 123 0 0 206 0 0 0

Earnings remittances due to the U.S.

Treasury13 855 15 463 14 20 7 83 47 17 11 19 58 101

Other liabilities and accrued

dividends 4,988 186 1,983 218 224 570 338 328 140 149 162 223 468

Total liabilities 4,133,976 81,238 2,302,433 95,954 122,448 241,441 278,050 217,724 57,968 34,534 59,732 177,417 465,037

Capital

Capital paid in 32,269 1,343 10,288 1,868 2,576 6,890 1,863 1,349 490 146 311 398 4,745

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 4,173,070 82,872 2,314,872 98,210 125,575 249,805 280,308 219,363 58,557 34,711 60,111 177,900 470,787

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, October 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 $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 Oct 24, 2018

Federal Reserve notes outstanding 1,847,709

Less: Notes held by F.R. Banks not subject to collateralization 205,043

Federal Reserve notes to be collateralized 1,642,665

Collateral held against Federal Reserve notes 1,642,665

Gold certificate account 11,037

Special drawing rights certificate account 5,200

U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,626,429

Other assets pledged 0

Memo:

Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 3,973,580

Less: Face value of securities under reverse repurchase agreements 227,212

U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,746,367

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.